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

BIOCRYST PHARMACEUTICALS INC is the larger business by last-quarter revenue ($406.6M vs $335.5M, roughly 1.2× Artisan Partners Asset Management Inc.). BIOCRYST PHARMACEUTICALS INC runs the higher net margin — 60.5% vs 35.2%, a 25.3% gap on every dollar of revenue. On growth, BIOCRYST PHARMACEUTICALS INC posted the faster year-over-year revenue change (209.1% vs 12.9%). BIOCRYST PHARMACEUTICALS INC produced more free cash flow last quarter ($291.2M vs $171.6M). Over the past eight quarters, BIOCRYST PHARMACEUTICALS INC's revenue compounded faster (109.4% CAGR vs 12.7%).

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.

BioCryst Pharmaceuticals, Inc. is an American pharmaceutical company headquartered in Durham, North Carolina. The company is a late stage biotech company that focuses on oral drugs for rare and serious diseases. BioCryst's antiviral drug peramivir (Rapivab) was approved by FDA in December 2014. It has also been approved in Japan, Korea, and China.

APAM vs BCRX — Head-to-Head

Bigger by revenue
BCRX
BCRX
1.2× larger
BCRX
$406.6M
$335.5M
APAM
Growing faster (revenue YoY)
BCRX
BCRX
+196.1% gap
BCRX
209.1%
12.9%
APAM
Higher net margin
BCRX
BCRX
25.3% more per $
BCRX
60.5%
35.2%
APAM
More free cash flow
BCRX
BCRX
$119.5M more FCF
BCRX
$291.2M
$171.6M
APAM
Faster 2-yr revenue CAGR
BCRX
BCRX
Annualised
BCRX
109.4%
12.7%
APAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APAM
APAM
BCRX
BCRX
Revenue
$335.5M
$406.6M
Net Profit
$118.1M
$245.8M
Gross Margin
97.7%
Operating Margin
39.2%
64.0%
Net Margin
35.2%
60.5%
Revenue YoY
12.9%
209.1%
Net Profit YoY
34.9%
1017.5%
EPS (diluted)
$1.36
$1.13

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
BCRX
BCRX
Q4 25
$335.5M
$406.6M
Q3 25
$301.3M
$159.4M
Q2 25
$282.7M
$163.4M
Q1 25
$277.1M
$145.5M
Q4 24
$297.1M
$131.5M
Q3 24
$279.6M
$117.1M
Q2 24
$270.8M
$109.3M
Q1 24
$264.4M
$92.8M
Net Profit
APAM
APAM
BCRX
BCRX
Q4 25
$118.1M
$245.8M
Q3 25
$66.8M
$12.9M
Q2 25
$67.6M
$5.1M
Q1 25
$61.1M
$32.0K
Q4 24
$87.5M
$-26.8M
Q3 24
$73.0M
$-14.0M
Q2 24
$57.6M
$-12.7M
Q1 24
$59.5M
$-35.4M
Gross Margin
APAM
APAM
BCRX
BCRX
Q4 25
97.7%
Q3 25
98.6%
Q2 25
98.3%
Q1 25
96.9%
Q4 24
95.4%
Q3 24
97.3%
Q2 24
98.4%
Q1 24
98.6%
Operating Margin
APAM
APAM
BCRX
BCRX
Q4 25
39.2%
64.0%
Q3 25
33.8%
18.6%
Q2 25
28.2%
18.2%
Q1 25
31.2%
14.6%
Q4 24
36.7%
-3.4%
Q3 24
33.3%
6.6%
Q2 24
32.0%
8.0%
Q1 24
29.4%
-15.6%
Net Margin
APAM
APAM
BCRX
BCRX
Q4 25
35.2%
60.5%
Q3 25
22.2%
8.1%
Q2 25
23.9%
3.1%
Q1 25
22.1%
0.0%
Q4 24
29.5%
-20.4%
Q3 24
26.1%
-12.0%
Q2 24
21.3%
-11.6%
Q1 24
22.5%
-38.1%
EPS (diluted)
APAM
APAM
BCRX
BCRX
Q4 25
$1.36
$1.13
Q3 25
$0.93
$0.06
Q2 25
$0.94
$0.02
Q1 25
$0.82
$0.00
Q4 24
$0.99
$-0.13
Q3 24
$1.03
$-0.07
Q2 24
$0.80
$-0.06
Q1 24
$0.84
$-0.17

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
BCRX
BCRX
Cash + ST InvestmentsLiquidity on hand
$274.7M
Total DebtLower is stronger
$190.0M
Stockholders' EquityBook value
$438.8M
$-119.2M
Total Assets
$1.6B
$514.2M
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
BCRX
BCRX
Q4 25
$274.7M
Q3 25
$212.9M
Q2 25
$260.0M
Q1 25
$295.1M
Q4 24
$320.9M
Q3 24
$96.8M
Q2 24
$78.4M
Q1 24
$84.3M
Total Debt
APAM
APAM
BCRX
BCRX
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
BCRX
BCRX
Q4 25
$438.8M
$-119.2M
Q3 25
$402.1M
$-387.9M
Q2 25
$381.8M
$-421.6M
Q1 25
$356.5M
$-451.9M
Q4 24
$388.9M
$-475.9M
Q3 24
$372.1M
$-468.6M
Q2 24
$341.2M
$-475.6M
Q1 24
$320.3M
$-476.2M
Total Assets
APAM
APAM
BCRX
BCRX
Q4 25
$1.6B
$514.2M
Q3 25
$1.6B
$446.4M
Q2 25
$1.4B
$457.2M
Q1 25
$1.4B
$480.0M
Q4 24
$1.6B
$490.4M
Q3 24
$1.6B
$491.3M
Q2 24
$1.5B
$472.4M
Q1 24
$1.5B
$467.9M
Debt / Equity
APAM
APAM
BCRX
BCRX
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
BCRX
BCRX
Operating Cash FlowLast quarter
$172.0M
$292.0M
Free Cash FlowOCF − Capex
$171.6M
$291.2M
FCF MarginFCF / Revenue
51.2%
71.6%
Capex IntensityCapex / Revenue
0.1%
0.2%
Cash ConversionOCF / Net Profit
1.46×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$420.6M
$344.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
BCRX
BCRX
Q4 25
$172.0M
$292.0M
Q3 25
$40.4M
$41.6M
Q2 25
$50.9M
$41.3M
Q1 25
$157.9M
$-27.5M
Q4 24
$372.8M
$-5.2M
Q3 24
$112.8M
$8.2M
Q2 24
$75.9M
$-1.4M
Q1 24
$147.0M
$-53.7M
Free Cash Flow
APAM
APAM
BCRX
BCRX
Q4 25
$171.6M
$291.2M
Q3 25
$40.4M
$40.3M
Q2 25
$50.9M
$41.1M
Q1 25
$157.7M
$-27.7M
Q4 24
$371.3M
$-5.9M
Q3 24
$112.4M
$8.2M
Q2 24
$75.2M
$-1.5M
Q1 24
$146.9M
$-53.9M
FCF Margin
APAM
APAM
BCRX
BCRX
Q4 25
51.2%
71.6%
Q3 25
13.4%
25.3%
Q2 25
18.0%
25.2%
Q1 25
56.9%
-19.0%
Q4 24
125.0%
-4.5%
Q3 24
40.2%
7.0%
Q2 24
27.8%
-1.4%
Q1 24
55.6%
-58.1%
Capex Intensity
APAM
APAM
BCRX
BCRX
Q4 25
0.1%
0.2%
Q3 25
0.0%
0.8%
Q2 25
0.0%
0.1%
Q1 25
0.1%
0.1%
Q4 24
0.5%
0.5%
Q3 24
0.1%
0.1%
Q2 24
0.2%
0.1%
Q1 24
0.0%
0.3%
Cash Conversion
APAM
APAM
BCRX
BCRX
Q4 25
1.46×
1.19×
Q3 25
0.60×
3.23×
Q2 25
0.75×
8.12×
Q1 25
2.58×
-859.91×
Q4 24
4.26×
Q3 24
1.54×
Q2 24
1.32×
Q1 24
2.47×

Financial Flow Comparison

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

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