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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and MATTHEWS INTERNATIONAL CORP (MATW). Click either name above to swap in a different company.

Artisan Partners Asset Management Inc. is the larger business by last-quarter revenue ($335.5M vs $284.8M, roughly 1.2× MATTHEWS INTERNATIONAL CORP). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 15.3%, a 19.9% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs -29.1%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $-57.2M).

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.

Matthews Aurora Funeral Solutions is one of the largest manufacturers of caskets and funerary urns in the United States, selling over 38% of the country's caskets as of 2005. The Aurora, Indiana–based company is a subsidiary of Pittsburgh-based Matthews International. The company makes both wooden and metal caskets and urns for holding cremated remains. It also provides supplies and consulting services for funeral homes.

APAM vs MATW — Head-to-Head

Bigger by revenue
APAM
APAM
1.2× larger
APAM
$335.5M
$284.8M
MATW
Growing faster (revenue YoY)
APAM
APAM
+42.1% gap
APAM
12.9%
-29.1%
MATW
Higher net margin
APAM
APAM
19.9% more per $
APAM
35.2%
15.3%
MATW
More free cash flow
APAM
APAM
$228.9M more FCF
APAM
$171.6M
$-57.2M
MATW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
APAM
APAM
MATW
MATW
Revenue
$335.5M
$284.8M
Net Profit
$118.1M
$43.6M
Gross Margin
35.0%
Operating Margin
39.2%
34.2%
Net Margin
35.2%
15.3%
Revenue YoY
12.9%
-29.1%
Net Profit YoY
34.9%
1356.6%
EPS (diluted)
$1.36
$1.39

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
MATW
MATW
Q4 25
$335.5M
$284.8M
Q3 25
$301.3M
Q2 25
$282.7M
Q1 25
$277.1M
Q4 24
$297.1M
Q3 24
$279.6M
Q2 24
$270.8M
Q1 24
$264.4M
Net Profit
APAM
APAM
MATW
MATW
Q4 25
$118.1M
$43.6M
Q3 25
$66.8M
Q2 25
$67.6M
Q1 25
$61.1M
Q4 24
$87.5M
Q3 24
$73.0M
Q2 24
$57.6M
Q1 24
$59.5M
Gross Margin
APAM
APAM
MATW
MATW
Q4 25
35.0%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
APAM
APAM
MATW
MATW
Q4 25
39.2%
34.2%
Q3 25
33.8%
Q2 25
28.2%
Q1 25
31.2%
Q4 24
36.7%
Q3 24
33.3%
Q2 24
32.0%
Q1 24
29.4%
Net Margin
APAM
APAM
MATW
MATW
Q4 25
35.2%
15.3%
Q3 25
22.2%
Q2 25
23.9%
Q1 25
22.1%
Q4 24
29.5%
Q3 24
26.1%
Q2 24
21.3%
Q1 24
22.5%
EPS (diluted)
APAM
APAM
MATW
MATW
Q4 25
$1.36
$1.39
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
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$31.4M
Total DebtLower is stronger
$190.0M
$529.8M
Stockholders' EquityBook value
$438.8M
$543.2M
Total Assets
$1.6B
$1.6B
Debt / EquityLower = less leverage
0.43×
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
MATW
MATW
Q4 25
$31.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
APAM
APAM
MATW
MATW
Q4 25
$190.0M
$529.8M
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
MATW
MATW
Q4 25
$438.8M
$543.2M
Q3 25
$402.1M
Q2 25
$381.8M
Q1 25
$356.5M
Q4 24
$388.9M
Q3 24
$372.1M
Q2 24
$341.2M
Q1 24
$320.3M
Total Assets
APAM
APAM
MATW
MATW
Q4 25
$1.6B
$1.6B
Q3 25
$1.6B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.5B
Q1 24
$1.5B
Debt / Equity
APAM
APAM
MATW
MATW
Q4 25
0.43×
0.98×
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
MATW
MATW
Operating Cash FlowLast quarter
$172.0M
$-52.0M
Free Cash FlowOCF − Capex
$171.6M
$-57.2M
FCF MarginFCF / Revenue
51.2%
-20.1%
Capex IntensityCapex / Revenue
0.1%
1.8%
Cash ConversionOCF / Net Profit
1.46×
-1.19×
TTM Free Cash FlowTrailing 4 quarters
$420.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
MATW
MATW
Q4 25
$172.0M
$-52.0M
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
MATW
MATW
Q4 25
$171.6M
$-57.2M
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
MATW
MATW
Q4 25
51.2%
-20.1%
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
MATW
MATW
Q4 25
0.1%
1.8%
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
MATW
MATW
Q4 25
1.46×
-1.19×
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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