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

LGI Homes, Inc. is the larger business by last-quarter revenue ($474.0M vs $335.5M, roughly 1.4× Artisan Partners Asset Management Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 3.7%, a 31.5% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs -15.0%). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs 10.1%).

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.

LGI Homes is a Texas-based builder of new construction homes and housing developments, with its development projects mostly focused in the southwestern region of the United States. According to Builder Magazine, LGI Homes is the tenth largest home builder in the United States. 2013, the company announced the pricing of its initial public offering: 9,000,000 shares at $11 per share. 2019, LGI Homes closed 7,690 homes, which was an 18.1% increase over 2018. Home sales revenue in 2019 was $1.8 b...

APAM vs LGIH — Head-to-Head

Bigger by revenue
LGIH
LGIH
1.4× larger
LGIH
$474.0M
$335.5M
APAM
Growing faster (revenue YoY)
APAM
APAM
+27.9% gap
APAM
12.9%
-15.0%
LGIH
Higher net margin
APAM
APAM
31.5% more per $
APAM
35.2%
3.7%
LGIH
Faster 2-yr revenue CAGR
APAM
APAM
Annualised
APAM
12.7%
10.1%
LGIH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APAM
APAM
LGIH
LGIH
Revenue
$335.5M
$474.0M
Net Profit
$118.1M
$17.3M
Gross Margin
17.7%
Operating Margin
39.2%
3.9%
Net Margin
35.2%
3.7%
Revenue YoY
12.9%
-15.0%
Net Profit YoY
34.9%
-66.0%
EPS (diluted)
$1.36
$0.74

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
LGIH
LGIH
Q4 25
$335.5M
$474.0M
Q3 25
$301.3M
$396.6M
Q2 25
$282.7M
$483.5M
Q1 25
$277.1M
$351.4M
Q4 24
$297.1M
$557.4M
Q3 24
$279.6M
$651.9M
Q2 24
$270.8M
$602.5M
Q1 24
$264.4M
$390.9M
Net Profit
APAM
APAM
LGIH
LGIH
Q4 25
$118.1M
$17.3M
Q3 25
$66.8M
$19.7M
Q2 25
$67.6M
$31.5M
Q1 25
$61.1M
$4.0M
Q4 24
$87.5M
$50.9M
Q3 24
$73.0M
$69.6M
Q2 24
$57.6M
$58.6M
Q1 24
$59.5M
$17.1M
Gross Margin
APAM
APAM
LGIH
LGIH
Q4 25
17.7%
Q3 25
21.5%
Q2 25
22.9%
Q1 25
21.0%
Q4 24
22.9%
Q3 24
25.1%
Q2 24
25.0%
Q1 24
23.4%
Operating Margin
APAM
APAM
LGIH
LGIH
Q4 25
39.2%
3.9%
Q3 25
33.8%
5.4%
Q2 25
28.2%
8.2%
Q1 25
31.2%
0.0%
Q4 24
36.7%
8.2%
Q3 24
33.3%
12.3%
Q2 24
32.0%
11.2%
Q1 24
29.4%
4.8%
Net Margin
APAM
APAM
LGIH
LGIH
Q4 25
35.2%
3.7%
Q3 25
22.2%
5.0%
Q2 25
23.9%
6.5%
Q1 25
22.1%
1.1%
Q4 24
29.5%
9.1%
Q3 24
26.1%
10.7%
Q2 24
21.3%
9.7%
Q1 24
22.5%
4.4%
EPS (diluted)
APAM
APAM
LGIH
LGIH
Q4 25
$1.36
$0.74
Q3 25
$0.93
$0.85
Q2 25
$0.94
$1.36
Q1 25
$0.82
$0.17
Q4 24
$0.99
$2.15
Q3 24
$1.03
$2.95
Q2 24
$0.80
$2.48
Q1 24
$0.84
$0.72

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
LGIH
LGIH
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$190.0M
$1.7B
Stockholders' EquityBook value
$438.8M
$2.1B
Total Assets
$1.6B
$3.9B
Debt / EquityLower = less leverage
0.43×
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
LGIH
LGIH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$53.2M
Q3 24
Q2 24
Q1 24
Total Debt
APAM
APAM
LGIH
LGIH
Q4 25
$190.0M
$1.7B
Q3 25
$190.0M
Q2 25
$200.0M
Q1 25
$200.0M
Q4 24
$200.0M
$1.5B
Q3 24
$200.0M
Q2 24
$200.0M
Q1 24
$200.0M
Stockholders' Equity
APAM
APAM
LGIH
LGIH
Q4 25
$438.8M
$2.1B
Q3 25
$402.1M
$2.1B
Q2 25
$381.8M
$2.1B
Q1 25
$356.5M
$2.0B
Q4 24
$388.9M
$2.0B
Q3 24
$372.1M
$2.0B
Q2 24
$341.2M
$1.9B
Q1 24
$320.3M
$1.9B
Total Assets
APAM
APAM
LGIH
LGIH
Q4 25
$1.6B
$3.9B
Q3 25
$1.6B
$4.0B
Q2 25
$1.4B
$4.0B
Q1 25
$1.4B
$3.9B
Q4 24
$1.6B
$3.8B
Q3 24
$1.6B
$3.8B
Q2 24
$1.5B
$3.7B
Q1 24
$1.5B
$3.5B
Debt / Equity
APAM
APAM
LGIH
LGIH
Q4 25
0.43×
0.79×
Q3 25
0.47×
Q2 25
0.52×
Q1 25
0.56×
Q4 24
0.51×
0.73×
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
LGIH
LGIH
Operating Cash FlowLast quarter
$172.0M
$86.8M
Free Cash FlowOCF − Capex
$171.6M
FCF MarginFCF / Revenue
51.2%
Capex IntensityCapex / Revenue
0.1%
0.0%
Cash ConversionOCF / Net Profit
1.46×
5.01×
TTM Free Cash FlowTrailing 4 quarters
$420.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
LGIH
LGIH
Q4 25
$172.0M
$86.8M
Q3 25
$40.4M
$-13.2M
Q2 25
$50.9M
$-86.4M
Q1 25
$157.9M
$-127.1M
Q4 24
$372.8M
$57.0M
Q3 24
$112.8M
$-17.8M
Q2 24
$75.9M
$-83.5M
Q1 24
$147.0M
$-99.5M
Free Cash Flow
APAM
APAM
LGIH
LGIH
Q4 25
$171.6M
Q3 25
$40.4M
$-13.3M
Q2 25
$50.9M
$-86.4M
Q1 25
$157.7M
$-128.0M
Q4 24
$371.3M
$56.4M
Q3 24
$112.4M
$-17.8M
Q2 24
$75.2M
$-83.8M
Q1 24
$146.9M
$-100.5M
FCF Margin
APAM
APAM
LGIH
LGIH
Q4 25
51.2%
Q3 25
13.4%
-3.3%
Q2 25
18.0%
-17.9%
Q1 25
56.9%
-36.4%
Q4 24
125.0%
10.1%
Q3 24
40.2%
-2.7%
Q2 24
27.8%
-13.9%
Q1 24
55.6%
-25.7%
Capex Intensity
APAM
APAM
LGIH
LGIH
Q4 25
0.1%
0.0%
Q3 25
0.0%
0.0%
Q2 25
0.0%
0.0%
Q1 25
0.1%
0.2%
Q4 24
0.5%
0.1%
Q3 24
0.1%
0.0%
Q2 24
0.2%
0.0%
Q1 24
0.0%
0.3%
Cash Conversion
APAM
APAM
LGIH
LGIH
Q4 25
1.46×
5.01×
Q3 25
0.60×
-0.67×
Q2 25
0.75×
-2.74×
Q1 25
2.58×
-31.83×
Q4 24
4.26×
1.12×
Q3 24
1.54×
-0.26×
Q2 24
1.32×
-1.43×
Q1 24
2.47×
-5.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APAM
APAM

Segment breakdown not available.

LGIH
LGIH

West Reportable Segment$128.2M27%
Southeast Reportable Segment$118.9M25%
Central Reportable Segment$105.8M22%
Florida Reportable Segment$69.2M15%
Northwest Reportable Segment$51.8M11%

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