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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and Global-E Online Ltd. (GLBE). Click either name above to swap in a different company.

Global-E Online Ltd. is the larger business by last-quarter revenue ($625.5M vs $335.5M, roughly 1.9× Artisan Partners Asset Management Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 0.9%, a 34.3% gap on every dollar of revenue.

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.

Global-E Online Ltd. operates a leading cross-border e-commerce enablement platform that helps direct-to-consumer brands and retail enterprises expand their international sales reach. It offers end-to-end services including localized checkout, payment processing, customs clearance, logistics coordination, and duty calculation, serving clients across North America, Europe, and the Asia-Pacific region.

APAM vs GLBE — Head-to-Head

Bigger by revenue
GLBE
GLBE
1.9× larger
GLBE
$625.5M
$335.5M
APAM
Higher net margin
APAM
APAM
34.3% more per $
APAM
35.2%
0.9%
GLBE

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
APAM
APAM
GLBE
GLBE
Revenue
$335.5M
$625.5M
Net Profit
$118.1M
$5.8M
Gross Margin
45.0%
Operating Margin
39.2%
1.3%
Net Margin
35.2%
0.9%
Revenue YoY
12.9%
Net Profit YoY
34.9%
EPS (diluted)
$1.36

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
GLBE
GLBE
Q4 25
$335.5M
Q3 25
$301.3M
$625.5M
Q2 25
$282.7M
$404.8M
Q1 25
$277.1M
$189.9M
Q4 24
$297.1M
Q3 24
$279.6M
$489.9M
Q2 24
$270.8M
$313.9M
Q1 24
$264.4M
$145.9M
Net Profit
APAM
APAM
GLBE
GLBE
Q4 25
$118.1M
Q3 25
$66.8M
$5.8M
Q2 25
$67.6M
$-7.4M
Q1 25
$61.1M
Q4 24
$87.5M
Q3 24
$73.0M
$-77.1M
Q2 24
$57.6M
$-54.5M
Q1 24
$59.5M
Gross Margin
APAM
APAM
GLBE
GLBE
Q4 25
Q3 25
45.0%
Q2 25
44.9%
Q1 25
44.3%
Q4 24
Q3 24
45.1%
Q2 24
44.8%
Q1 24
43.4%
Operating Margin
APAM
APAM
GLBE
GLBE
Q4 25
39.2%
Q3 25
33.8%
1.3%
Q2 25
28.2%
-2.1%
Q1 25
31.2%
-10.1%
Q4 24
36.7%
Q3 24
33.3%
-14.9%
Q2 24
32.0%
-16.6%
Q1 24
29.4%
-20.1%
Net Margin
APAM
APAM
GLBE
GLBE
Q4 25
35.2%
Q3 25
22.2%
0.9%
Q2 25
23.9%
-1.8%
Q1 25
22.1%
Q4 24
29.5%
Q3 24
26.1%
-15.7%
Q2 24
21.3%
-17.4%
Q1 24
22.5%
EPS (diluted)
APAM
APAM
GLBE
GLBE
Q4 25
$1.36
Q3 25
$0.93
Q2 25
$0.94
Q1 25
$0.82
Q4 24
$0.99
Q3 24
$1.03
Q2 24
$0.80
Q1 24
$0.84

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
GLBE
GLBE
Cash + ST InvestmentsLiquidity on hand
$251.4M
Total DebtLower is stronger
$190.0M
Stockholders' EquityBook value
$438.8M
$933.0M
Total Assets
$1.6B
$1.3B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
GLBE
GLBE
Q4 25
Q3 25
$251.4M
Q2 25
$205.2M
Q1 25
$207.7M
Q4 24
Q3 24
$207.3M
Q2 24
$229.8M
Q1 24
$181.9M
Total Debt
APAM
APAM
GLBE
GLBE
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
GLBE
GLBE
Q4 25
$438.8M
Q3 25
$402.1M
$933.0M
Q2 25
$381.8M
$909.1M
Q1 25
$356.5M
$884.3M
Q4 24
$388.9M
Q3 24
$372.1M
$869.4M
Q2 24
$341.2M
$878.7M
Q1 24
$320.3M
$886.9M
Total Assets
APAM
APAM
GLBE
GLBE
Q4 25
$1.6B
Q3 25
$1.6B
$1.3B
Q2 25
$1.4B
$1.2B
Q1 25
$1.4B
$1.2B
Q4 24
$1.6B
Q3 24
$1.6B
$1.2B
Q2 24
$1.5B
$1.1B
Q1 24
$1.5B
$1.1B
Debt / Equity
APAM
APAM
GLBE
GLBE
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
GLBE
GLBE
Operating Cash FlowLast quarter
$172.0M
Free Cash FlowOCF − Capex
$171.6M
FCF MarginFCF / Revenue
51.2%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$420.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
GLBE
GLBE
Q4 25
$172.0M
Q3 25
$40.4M
Q2 25
$50.9M
Q1 25
$157.9M
Q4 24
$372.8M
Q3 24
$112.8M
Q2 24
$75.9M
Q1 24
$147.0M
Free Cash Flow
APAM
APAM
GLBE
GLBE
Q4 25
$171.6M
Q3 25
$40.4M
Q2 25
$50.9M
Q1 25
$157.7M
Q4 24
$371.3M
Q3 24
$112.4M
Q2 24
$75.2M
Q1 24
$146.9M
FCF Margin
APAM
APAM
GLBE
GLBE
Q4 25
51.2%
Q3 25
13.4%
Q2 25
18.0%
Q1 25
56.9%
Q4 24
125.0%
Q3 24
40.2%
Q2 24
27.8%
Q1 24
55.6%
Capex Intensity
APAM
APAM
GLBE
GLBE
Q4 25
0.1%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
APAM
APAM
GLBE
GLBE
Q4 25
1.46×
Q3 25
0.60×
Q2 25
0.75×
Q1 25
2.58×
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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