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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and Hims & Hers Health, Inc. (HIMS). Click either name above to swap in a different company.

Hims & Hers Health, Inc. is the larger business by last-quarter revenue ($617.8M vs $335.5M, roughly 1.8× Artisan Partners Asset Management Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 3.3%, a 31.9% gap on every dollar of revenue. On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (28.4% vs 12.9%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $-2.5M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% 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.

Hims & Hers Health, Inc. is an American telehealth company established in 2017. The company provides prescription medications, over-the-counter medications, and personal care products.

APAM vs HIMS — Head-to-Head

Bigger by revenue
HIMS
HIMS
1.8× larger
HIMS
$617.8M
$335.5M
APAM
Growing faster (revenue YoY)
HIMS
HIMS
+15.5% gap
HIMS
28.4%
12.9%
APAM
Higher net margin
APAM
APAM
31.9% more per $
APAM
35.2%
3.3%
HIMS
More free cash flow
APAM
APAM
$174.1M more FCF
APAM
$171.6M
$-2.5M
HIMS
Faster 2-yr revenue CAGR
HIMS
HIMS
Annualised
HIMS
49.0%
12.7%
APAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APAM
APAM
HIMS
HIMS
Revenue
$335.5M
$617.8M
Net Profit
$118.1M
$20.6M
Gross Margin
71.9%
Operating Margin
39.2%
1.5%
Net Margin
35.2%
3.3%
Revenue YoY
12.9%
28.4%
Net Profit YoY
34.9%
-20.8%
EPS (diluted)
$1.36
$0.08

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
HIMS
HIMS
Q4 25
$335.5M
$617.8M
Q3 25
$301.3M
$599.0M
Q2 25
$282.7M
$544.8M
Q1 25
$277.1M
$586.0M
Q4 24
$297.1M
$481.1M
Q3 24
$279.6M
$401.6M
Q2 24
$270.8M
$315.6M
Q1 24
$264.4M
$278.2M
Net Profit
APAM
APAM
HIMS
HIMS
Q4 25
$118.1M
$20.6M
Q3 25
$66.8M
$15.8M
Q2 25
$67.6M
$42.5M
Q1 25
$61.1M
$49.5M
Q4 24
$87.5M
$26.0M
Q3 24
$73.0M
$75.6M
Q2 24
$57.6M
$13.3M
Q1 24
$59.5M
$11.1M
Gross Margin
APAM
APAM
HIMS
HIMS
Q4 25
71.9%
Q3 25
73.8%
Q2 25
76.4%
Q1 25
73.5%
Q4 24
76.8%
Q3 24
79.2%
Q2 24
81.3%
Q1 24
82.4%
Operating Margin
APAM
APAM
HIMS
HIMS
Q4 25
39.2%
1.5%
Q3 25
33.8%
2.0%
Q2 25
28.2%
4.9%
Q1 25
31.2%
9.9%
Q4 24
36.7%
3.9%
Q3 24
33.3%
5.6%
Q2 24
32.0%
3.5%
Q1 24
29.4%
3.6%
Net Margin
APAM
APAM
HIMS
HIMS
Q4 25
35.2%
3.3%
Q3 25
22.2%
2.6%
Q2 25
23.9%
7.8%
Q1 25
22.1%
8.4%
Q4 24
29.5%
5.4%
Q3 24
26.1%
18.8%
Q2 24
21.3%
4.2%
Q1 24
22.5%
4.0%
EPS (diluted)
APAM
APAM
HIMS
HIMS
Q4 25
$1.36
$0.08
Q3 25
$0.93
$0.06
Q2 25
$0.94
$0.17
Q1 25
$0.82
$0.20
Q4 24
$0.99
$0.10
Q3 24
$1.03
$0.32
Q2 24
$0.80
$0.06
Q1 24
$0.84
$0.05

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
HIMS
HIMS
Cash + ST InvestmentsLiquidity on hand
$228.6M
Total DebtLower is stronger
$190.0M
Stockholders' EquityBook value
$438.8M
$540.9M
Total Assets
$1.6B
$2.2B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
HIMS
HIMS
Q4 25
$228.6M
Q3 25
$345.8M
Q2 25
$1.1B
Q1 25
$273.7M
Q4 24
$220.6M
Q3 24
$165.5M
Q2 24
$129.3M
Q1 24
$105.2M
Total Debt
APAM
APAM
HIMS
HIMS
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
HIMS
HIMS
Q4 25
$438.8M
$540.9M
Q3 25
$402.1M
$581.0M
Q2 25
$381.8M
$562.7M
Q1 25
$356.5M
$549.3M
Q4 24
$388.9M
$476.7M
Q3 24
$372.1M
$440.1M
Q2 24
$341.2M
$362.0M
Q1 24
$320.3M
$344.5M
Total Assets
APAM
APAM
HIMS
HIMS
Q4 25
$1.6B
$2.2B
Q3 25
$1.6B
$2.2B
Q2 25
$1.4B
$1.9B
Q1 25
$1.4B
$891.7M
Q4 24
$1.6B
$707.5M
Q3 24
$1.6B
$602.3M
Q2 24
$1.5B
$480.5M
Q1 24
$1.5B
$448.1M
Debt / Equity
APAM
APAM
HIMS
HIMS
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
HIMS
HIMS
Operating Cash FlowLast quarter
$172.0M
$61.3M
Free Cash FlowOCF − Capex
$171.6M
$-2.5M
FCF MarginFCF / Revenue
51.2%
-0.4%
Capex IntensityCapex / Revenue
0.1%
10.3%
Cash ConversionOCF / Net Profit
1.46×
2.98×
TTM Free Cash FlowTrailing 4 quarters
$420.6M
$57.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
HIMS
HIMS
Q4 25
$172.0M
$61.3M
Q3 25
$40.4M
$148.7M
Q2 25
$50.9M
$-19.1M
Q1 25
$157.9M
$109.1M
Q4 24
$372.8M
$86.4M
Q3 24
$112.8M
$85.3M
Q2 24
$75.9M
$53.6M
Q1 24
$147.0M
$25.8M
Free Cash Flow
APAM
APAM
HIMS
HIMS
Q4 25
$171.6M
$-2.5M
Q3 25
$40.4M
$79.3M
Q2 25
$50.9M
$-69.5M
Q1 25
$157.7M
$50.1M
Q4 24
$371.3M
$59.5M
Q3 24
$112.4M
$79.4M
Q2 24
$75.2M
$47.6M
Q1 24
$146.9M
$11.8M
FCF Margin
APAM
APAM
HIMS
HIMS
Q4 25
51.2%
-0.4%
Q3 25
13.4%
13.2%
Q2 25
18.0%
-12.8%
Q1 25
56.9%
8.5%
Q4 24
125.0%
12.4%
Q3 24
40.2%
19.8%
Q2 24
27.8%
15.1%
Q1 24
55.6%
4.3%
Capex Intensity
APAM
APAM
HIMS
HIMS
Q4 25
0.1%
10.3%
Q3 25
0.0%
11.6%
Q2 25
0.0%
9.3%
Q1 25
0.1%
10.1%
Q4 24
0.5%
5.6%
Q3 24
0.1%
1.5%
Q2 24
0.2%
1.9%
Q1 24
0.0%
5.0%
Cash Conversion
APAM
APAM
HIMS
HIMS
Q4 25
1.46×
2.98×
Q3 25
0.60×
9.43×
Q2 25
0.75×
-0.45×
Q1 25
2.58×
2.20×
Q4 24
4.26×
3.32×
Q3 24
1.54×
1.13×
Q2 24
1.32×
4.03×
Q1 24
2.47×
2.32×

Financial Flow Comparison

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

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