vs

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

CIRRUS LOGIC, INC. is the larger business by last-quarter revenue ($448.5M vs $335.5M, roughly 1.3× Artisan Partners Asset Management Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 18.2%, a 17.0% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs 5.7%). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs 9.5%).

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.

Cirrus Logic Inc. is an American fabless semiconductor supplier that specializes in analog, mixed-signal, and audio DSP integrated circuits (ICs). Since 1998, the company's headquarters have been in Austin, Texas.

APAM vs CRUS — Head-to-Head

Bigger by revenue
CRUS
CRUS
1.3× larger
CRUS
$448.5M
$335.5M
APAM
Growing faster (revenue YoY)
APAM
APAM
+7.3% gap
APAM
12.9%
5.7%
CRUS
Higher net margin
APAM
APAM
17.0% more per $
APAM
35.2%
18.2%
CRUS
Faster 2-yr revenue CAGR
APAM
APAM
Annualised
APAM
12.7%
9.5%
CRUS

Income Statement — Q4 FY2025 vs Q4 FY2026

Metric
APAM
APAM
CRUS
CRUS
Revenue
$335.5M
$448.5M
Net Profit
$118.1M
$81.8M
Gross Margin
53.0%
Operating Margin
39.2%
20.1%
Net Margin
35.2%
18.2%
Revenue YoY
12.9%
5.7%
Net Profit YoY
34.9%
299.0%
EPS (diluted)
$1.36
$1.56

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
CRUS
CRUS
Q1 26
$448.5M
Q4 25
$335.5M
$580.6M
Q3 25
$301.3M
$561.0M
Q2 25
$282.7M
$407.3M
Q1 25
$277.1M
$424.5M
Q4 24
$297.1M
$555.7M
Q3 24
$279.6M
$541.9M
Q2 24
$270.8M
$374.0M
Net Profit
APAM
APAM
CRUS
CRUS
Q1 26
$81.8M
Q4 25
$118.1M
$140.3M
Q3 25
$66.8M
$131.6M
Q2 25
$67.6M
$60.7M
Q1 25
$61.1M
$71.3M
Q4 24
$87.5M
$116.0M
Q3 24
$73.0M
$102.1M
Q2 24
$57.6M
$42.1M
Gross Margin
APAM
APAM
CRUS
CRUS
Q1 26
53.0%
Q4 25
53.1%
Q3 25
52.5%
Q2 25
52.6%
Q1 25
53.4%
Q4 24
53.6%
Q3 24
52.2%
Q2 24
50.5%
Operating Margin
APAM
APAM
CRUS
CRUS
Q1 26
20.1%
Q4 25
39.2%
26.3%
Q3 25
33.8%
25.8%
Q2 25
28.2%
17.8%
Q1 25
31.2%
20.2%
Q4 24
36.7%
26.2%
Q3 24
33.3%
24.3%
Q2 24
32.0%
12.5%
Net Margin
APAM
APAM
CRUS
CRUS
Q1 26
18.2%
Q4 25
35.2%
24.2%
Q3 25
22.2%
23.5%
Q2 25
23.9%
14.9%
Q1 25
22.1%
16.8%
Q4 24
29.5%
20.9%
Q3 24
26.1%
18.8%
Q2 24
21.3%
11.3%
EPS (diluted)
APAM
APAM
CRUS
CRUS
Q1 26
$1.56
Q4 25
$1.36
$2.66
Q3 25
$0.93
$2.48
Q2 25
$0.94
$1.14
Q1 25
$0.82
$1.30
Q4 24
$0.99
$2.11
Q3 24
$1.03
$1.83
Q2 24
$0.80
$0.76

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
CRUS
CRUS
Cash + ST InvestmentsLiquidity on hand
$800.9M
Total DebtLower is stronger
$190.0M
Stockholders' EquityBook value
$438.8M
$2.1B
Total Assets
$1.6B
$2.5B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
CRUS
CRUS
Q1 26
$800.9M
Q4 25
$778.1M
Q3 25
$593.5M
Q2 25
$548.9M
Q1 25
$539.6M
Q4 24
$526.4M
Q3 24
$445.8M
Q2 24
$491.4M
Total Debt
APAM
APAM
CRUS
CRUS
Q1 26
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
Stockholders' Equity
APAM
APAM
CRUS
CRUS
Q1 26
$2.1B
Q4 25
$438.8M
$2.1B
Q3 25
$402.1M
$2.0B
Q2 25
$381.8M
$1.9B
Q1 25
$356.5M
$1.9B
Q4 24
$388.9M
$2.0B
Q3 24
$372.1M
$1.9B
Q2 24
$341.2M
$1.8B
Total Assets
APAM
APAM
CRUS
CRUS
Q1 26
$2.5B
Q4 25
$1.6B
$2.5B
Q3 25
$1.6B
$2.4B
Q2 25
$1.4B
$2.3B
Q1 25
$1.4B
$2.3B
Q4 24
$1.6B
$2.4B
Q3 24
$1.6B
$2.4B
Q2 24
$1.5B
$2.3B
Debt / Equity
APAM
APAM
CRUS
CRUS
Q1 26
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×

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
CRUS
CRUS
Operating Cash FlowLast quarter
$172.0M
$151.4M
Free Cash FlowOCF − Capex
$171.6M
FCF MarginFCF / Revenue
51.2%
Capex IntensityCapex / Revenue
0.1%
3.3%
Cash ConversionOCF / Net Profit
1.46×
1.85×
TTM Free Cash FlowTrailing 4 quarters
$420.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
CRUS
CRUS
Q1 26
$151.4M
Q4 25
$172.0M
$290.8M
Q3 25
$40.4M
$92.2M
Q2 25
$50.9M
$116.1M
Q1 25
$157.9M
$130.4M
Q4 24
$372.8M
$218.6M
Q3 24
$112.8M
$8.2M
Q2 24
$75.9M
$87.2M
Free Cash Flow
APAM
APAM
CRUS
CRUS
Q1 26
Q4 25
$171.6M
$285.7M
Q3 25
$40.4M
$88.3M
Q2 25
$50.9M
$113.5M
Q1 25
$157.7M
$127.0M
Q4 24
$371.3M
$211.9M
Q3 24
$112.4M
$5.6M
Q2 24
$75.2M
$77.2M
FCF Margin
APAM
APAM
CRUS
CRUS
Q1 26
Q4 25
51.2%
49.2%
Q3 25
13.4%
15.7%
Q2 25
18.0%
27.9%
Q1 25
56.9%
29.9%
Q4 24
125.0%
38.1%
Q3 24
40.2%
1.0%
Q2 24
27.8%
20.6%
Capex Intensity
APAM
APAM
CRUS
CRUS
Q1 26
3.3%
Q4 25
0.1%
0.9%
Q3 25
0.0%
0.7%
Q2 25
0.0%
0.6%
Q1 25
0.1%
0.8%
Q4 24
0.5%
1.2%
Q3 24
0.1%
0.5%
Q2 24
0.2%
2.7%
Cash Conversion
APAM
APAM
CRUS
CRUS
Q1 26
1.85×
Q4 25
1.46×
2.07×
Q3 25
0.60×
0.70×
Q2 25
0.75×
1.91×
Q1 25
2.58×
1.83×
Q4 24
4.26×
1.88×
Q3 24
1.54×
0.08×
Q2 24
1.32×
2.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APAM
APAM

Segment breakdown not available.

CRUS
CRUS

Audio$257.2M57%
High-Performance Mixed-Signal$191.3M43%

Related Comparisons