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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and BARRETT BUSINESS SERVICES INC (BBSI). Click either name above to swap in a different company.

Artisan Partners Asset Management Inc. is the larger business by last-quarter revenue ($335.5M vs $321.1M, roughly 1.0× BARRETT BUSINESS SERVICES INC). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 5.1%, a 30.1% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs 5.3%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $70.6M). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs 9.9%).

Artisan Partners is an American asset management company headquartered in Milwaukee, Wisconsin. Outside the United States, the company has offices in Dublin, Hong Kong, London, Singapore and Sydney.

Barrett Firearms Manufacturing is an Australian-owned, American manufacturer of firearms and ammunition located in Christiana, Tennessee. It was founded in 1982 by Ronnie G. Barrett for the purpose of building semi-automatic rifles chambered for the .50 BMG ammunition, originally developed for and used in M2 Browning machine guns. Barrett began this work in the early 1980s, and the first working rifles were available in 1982, hence the designation M82. Barrett personally designed every part o...

APAM vs BBSI — Head-to-Head

Bigger by revenue
APAM
APAM
1.0× larger
APAM
$335.5M
$321.1M
BBSI
Growing faster (revenue YoY)
APAM
APAM
+7.6% gap
APAM
12.9%
5.3%
BBSI
Higher net margin
APAM
APAM
30.1% more per $
APAM
35.2%
5.1%
BBSI
More free cash flow
APAM
APAM
$101.0M more FCF
APAM
$171.6M
$70.6M
BBSI
Faster 2-yr revenue CAGR
APAM
APAM
Annualised
APAM
12.7%
9.9%
BBSI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APAM
APAM
BBSI
BBSI
Revenue
$335.5M
$321.1M
Net Profit
$118.1M
$16.4M
Gross Margin
21.3%
Operating Margin
39.2%
5.8%
Net Margin
35.2%
5.1%
Revenue YoY
12.9%
5.3%
Net Profit YoY
34.9%
-2.4%
EPS (diluted)
$1.36
$0.63

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APAM
APAM
BBSI
BBSI
Q4 25
$335.5M
$321.1M
Q3 25
$301.3M
$318.9M
Q2 25
$282.7M
$307.7M
Q1 25
$277.1M
$292.6M
Q4 24
$297.1M
$304.8M
Q3 24
$279.6M
$294.3M
Q2 24
$270.8M
$279.7M
Q1 24
$264.4M
$265.8M
Net Profit
APAM
APAM
BBSI
BBSI
Q4 25
$118.1M
$16.4M
Q3 25
$66.8M
$20.6M
Q2 25
$67.6M
$18.5M
Q1 25
$61.1M
$-1.0M
Q4 24
$87.5M
$16.8M
Q3 24
$73.0M
$19.6M
Q2 24
$57.6M
$16.7M
Q1 24
$59.5M
$-136.0K
Gross Margin
APAM
APAM
BBSI
BBSI
Q4 25
21.3%
Q3 25
24.1%
Q2 25
23.8%
Q1 25
14.6%
Q4 24
23.4%
Q3 24
25.3%
Q2 24
24.3%
Q1 24
14.9%
Operating Margin
APAM
APAM
BBSI
BBSI
Q4 25
39.2%
5.8%
Q3 25
33.8%
7.8%
Q2 25
28.2%
7.5%
Q1 25
31.2%
-1.4%
Q4 24
36.7%
6.8%
Q3 24
33.3%
8.0%
Q2 24
32.0%
7.3%
Q1 24
29.4%
-1.8%
Net Margin
APAM
APAM
BBSI
BBSI
Q4 25
35.2%
5.1%
Q3 25
22.2%
6.5%
Q2 25
23.9%
6.0%
Q1 25
22.1%
-0.3%
Q4 24
29.5%
5.5%
Q3 24
26.1%
6.7%
Q2 24
21.3%
6.0%
Q1 24
22.5%
-0.1%
EPS (diluted)
APAM
APAM
BBSI
BBSI
Q4 25
$1.36
$0.63
Q3 25
$0.93
$0.79
Q2 25
$0.94
$0.70
Q1 25
$0.82
$-0.04
Q4 24
$0.99
$0.63
Q3 24
$1.03
$0.74
Q2 24
$0.80
$0.62
Q1 24
$0.84
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APAM
APAM
BBSI
BBSI
Cash + ST InvestmentsLiquidity on hand
$157.2M
Total DebtLower is stronger
$190.0M
Stockholders' EquityBook value
$438.8M
$241.0M
Total Assets
$1.6B
$779.1M
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
BBSI
BBSI
Q4 25
$157.2M
Q3 25
$109.8M
Q2 25
$90.4M
Q1 25
$99.1M
Q4 24
$121.9M
Q3 24
$14.4M
Q2 24
$40.3M
Q1 24
$51.3M
Total Debt
APAM
APAM
BBSI
BBSI
Q4 25
$190.0M
Q3 25
$190.0M
Q2 25
$200.0M
Q1 25
$200.0M
Q4 24
$200.0M
Q3 24
$200.0M
Q2 24
$200.0M
Q1 24
$200.0M
Stockholders' Equity
APAM
APAM
BBSI
BBSI
Q4 25
$438.8M
$241.0M
Q3 25
$402.1M
$240.1M
Q2 25
$381.8M
$225.8M
Q1 25
$356.5M
$213.4M
Q4 24
$388.9M
$221.4M
Q3 24
$372.1M
$215.4M
Q2 24
$341.2M
$199.0M
Q1 24
$320.3M
$189.6M
Total Assets
APAM
APAM
BBSI
BBSI
Q4 25
$1.6B
$779.1M
Q3 25
$1.6B
$777.9M
Q2 25
$1.4B
$713.6M
Q1 25
$1.4B
$778.6M
Q4 24
$1.6B
$745.5M
Q3 24
$1.6B
$725.8M
Q2 24
$1.5B
$688.6M
Q1 24
$1.5B
$747.8M
Debt / Equity
APAM
APAM
BBSI
BBSI
Q4 25
0.43×
Q3 25
0.47×
Q2 25
0.52×
Q1 25
0.56×
Q4 24
0.51×
Q3 24
0.54×
Q2 24
0.59×
Q1 24
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APAM
APAM
BBSI
BBSI
Operating Cash FlowLast quarter
$172.0M
$76.1M
Free Cash FlowOCF − Capex
$171.6M
$70.6M
FCF MarginFCF / Revenue
51.2%
22.0%
Capex IntensityCapex / Revenue
0.1%
1.7%
Cash ConversionOCF / Net Profit
1.46×
4.64×
TTM Free Cash FlowTrailing 4 quarters
$420.6M
$47.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
BBSI
BBSI
Q4 25
$172.0M
$76.1M
Q3 25
$40.4M
$38.4M
Q2 25
$50.9M
$-53.8M
Q1 25
$157.9M
$5.2M
Q4 24
$372.8M
$53.4M
Q3 24
$112.8M
$-935.0K
Q2 24
$75.9M
$-51.3M
Q1 24
$147.0M
$9.0M
Free Cash Flow
APAM
APAM
BBSI
BBSI
Q4 25
$171.6M
$70.6M
Q3 25
$40.4M
$34.1M
Q2 25
$50.9M
$-58.2M
Q1 25
$157.7M
$697.0K
Q4 24
$371.3M
$50.2M
Q3 24
$112.4M
$-4.2M
Q2 24
$75.2M
$-56.3M
Q1 24
$146.9M
$6.2M
FCF Margin
APAM
APAM
BBSI
BBSI
Q4 25
51.2%
22.0%
Q3 25
13.4%
10.7%
Q2 25
18.0%
-18.9%
Q1 25
56.9%
0.2%
Q4 24
125.0%
16.5%
Q3 24
40.2%
-1.4%
Q2 24
27.8%
-20.1%
Q1 24
55.6%
2.3%
Capex Intensity
APAM
APAM
BBSI
BBSI
Q4 25
0.1%
1.7%
Q3 25
0.0%
1.4%
Q2 25
0.0%
1.4%
Q1 25
0.1%
1.5%
Q4 24
0.5%
1.0%
Q3 24
0.1%
1.1%
Q2 24
0.2%
1.8%
Q1 24
0.0%
1.0%
Cash Conversion
APAM
APAM
BBSI
BBSI
Q4 25
1.46×
4.64×
Q3 25
0.60×
1.86×
Q2 25
0.75×
-2.92×
Q1 25
2.58×
Q4 24
4.26×
3.18×
Q3 24
1.54×
-0.05×
Q2 24
1.32×
-3.07×
Q1 24
2.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APAM
APAM

Segment breakdown not available.

BBSI
BBSI

Professional Employer Services$303.6M95%
Staffing Services$17.6M5%

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