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

NEWMARKET CORP is the larger business by last-quarter revenue ($669.7M vs $335.5M, roughly 2.0× Artisan Partners Asset Management Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 17.6%, a 17.6% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs -4.5%). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs -2.9%).

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.

NewMarket Corporation, is a publicly traded American company that primarily serves the petroleum additives industry. The company is based in Richmond, Virginia, and has operations in North America, Latin America, Europe, the Middle East and Asia Pacific. The company's predecessor, the Albemarle Paper Manufacturing Company, was founded in 1887.

APAM vs NEU — Head-to-Head

Bigger by revenue
NEU
NEU
2.0× larger
NEU
$669.7M
$335.5M
APAM
Growing faster (revenue YoY)
APAM
APAM
+17.4% gap
APAM
12.9%
-4.5%
NEU
Higher net margin
APAM
APAM
17.6% more per $
APAM
35.2%
17.6%
NEU
Faster 2-yr revenue CAGR
APAM
APAM
Annualised
APAM
12.7%
-2.9%
NEU

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
APAM
APAM
NEU
NEU
Revenue
$335.5M
$669.7M
Net Profit
$118.1M
$118.1M
Gross Margin
33.0%
Operating Margin
39.2%
21.4%
Net Margin
35.2%
17.6%
Revenue YoY
12.9%
-4.5%
Net Profit YoY
34.9%
-6.3%
EPS (diluted)
$1.36
$12.62

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
NEU
NEU
Q1 26
$669.7M
Q4 25
$335.5M
$635.4M
Q3 25
$301.3M
$690.3M
Q2 25
$282.7M
$698.5M
Q1 25
$277.1M
$700.9M
Q4 24
$297.1M
$654.6M
Q3 24
$279.6M
$724.9M
Q2 24
$270.8M
$710.2M
Net Profit
APAM
APAM
NEU
NEU
Q1 26
$118.1M
Q4 25
$118.1M
$81.3M
Q3 25
$66.8M
$100.3M
Q2 25
$67.6M
$111.2M
Q1 25
$61.1M
$125.9M
Q4 24
$87.5M
$110.7M
Q3 24
$73.0M
$132.3M
Q2 24
$57.6M
$111.6M
Gross Margin
APAM
APAM
NEU
NEU
Q1 26
33.0%
Q4 25
30.0%
Q3 25
30.4%
Q2 25
31.6%
Q1 25
33.7%
Q4 24
31.7%
Q3 24
33.6%
Q2 24
30.8%
Operating Margin
APAM
APAM
NEU
NEU
Q1 26
21.4%
Q4 25
39.2%
17.3%
Q3 25
33.8%
18.9%
Q2 25
28.2%
20.5%
Q1 25
31.2%
22.8%
Q4 24
36.7%
20.3%
Q3 24
33.3%
23.4%
Q2 24
32.0%
20.7%
Net Margin
APAM
APAM
NEU
NEU
Q1 26
17.6%
Q4 25
35.2%
12.8%
Q3 25
22.2%
14.5%
Q2 25
23.9%
15.9%
Q1 25
22.1%
18.0%
Q4 24
29.5%
16.9%
Q3 24
26.1%
18.3%
Q2 24
21.3%
15.7%
EPS (diluted)
APAM
APAM
NEU
NEU
Q1 26
$12.62
Q4 25
$1.36
$8.67
Q3 25
$0.93
$10.67
Q2 25
$0.94
$11.84
Q1 25
$0.82
$13.26
Q4 24
$0.99
$11.57
Q3 24
$1.03
$13.79
Q2 24
$0.80
$11.63

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
NEU
NEU
Cash + ST InvestmentsLiquidity on hand
$73.2M
Total DebtLower is stronger
$190.0M
$939.6M
Stockholders' EquityBook value
$438.8M
$1.7B
Total Assets
$1.6B
$3.5B
Debt / EquityLower = less leverage
0.43×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
NEU
NEU
Q1 26
$73.2M
Q4 25
$77.6M
Q3 25
$102.5M
Q2 25
$70.3M
Q1 25
$118.3M
Q4 24
$77.5M
Q3 24
$80.3M
Q2 24
$87.6M
Total Debt
APAM
APAM
NEU
NEU
Q1 26
$939.6M
Q4 25
$190.0M
$883.4M
Q3 25
$190.0M
$783.1M
Q2 25
$200.0M
$841.8M
Q1 25
$200.0M
$990.6M
Q4 24
$200.0M
$971.3M
Q3 24
$200.0M
$1.1B
Q2 24
$200.0M
$1.2B
Stockholders' Equity
APAM
APAM
NEU
NEU
Q1 26
$1.7B
Q4 25
$438.8M
$1.8B
Q3 25
$402.1M
$1.7B
Q2 25
$381.8M
$1.6B
Q1 25
$356.5M
$1.5B
Q4 24
$388.9M
$1.5B
Q3 24
$372.1M
$1.4B
Q2 24
$341.2M
$1.2B
Total Assets
APAM
APAM
NEU
NEU
Q1 26
$3.5B
Q4 25
$1.6B
$3.5B
Q3 25
$1.6B
$3.2B
Q2 25
$1.4B
$3.2B
Q1 25
$1.4B
$3.2B
Q4 24
$1.6B
$3.1B
Q3 24
$1.6B
$3.2B
Q2 24
$1.5B
$3.2B
Debt / Equity
APAM
APAM
NEU
NEU
Q1 26
0.54×
Q4 25
0.43×
0.50×
Q3 25
0.47×
0.46×
Q2 25
0.52×
0.52×
Q1 25
0.56×
0.65×
Q4 24
0.51×
0.66×
Q3 24
0.54×
0.80×
Q2 24
0.59×
0.95×

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
NEU
NEU
Operating Cash FlowLast quarter
$172.0M
Free Cash FlowOCF − Capex
$171.6M
FCF MarginFCF / Revenue
51.2%
Capex IntensityCapex / Revenue
0.1%
3.6%
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
NEU
NEU
Q1 26
Q4 25
$172.0M
$145.2M
Q3 25
$40.4M
$142.4M
Q2 25
$50.9M
$161.1M
Q1 25
$157.9M
$120.3M
Q4 24
$372.8M
$185.2M
Q3 24
$112.8M
$116.6M
Q2 24
$75.9M
$115.0M
Free Cash Flow
APAM
APAM
NEU
NEU
Q1 26
Q4 25
$171.6M
$117.2M
Q3 25
$40.4M
$122.1M
Q2 25
$50.9M
$144.8M
Q1 25
$157.7M
$107.3M
Q4 24
$371.3M
$170.6M
Q3 24
$112.4M
$102.4M
Q2 24
$75.2M
$100.0M
FCF Margin
APAM
APAM
NEU
NEU
Q1 26
Q4 25
51.2%
18.4%
Q3 25
13.4%
17.7%
Q2 25
18.0%
20.7%
Q1 25
56.9%
15.3%
Q4 24
125.0%
26.1%
Q3 24
40.2%
14.1%
Q2 24
27.8%
14.1%
Capex Intensity
APAM
APAM
NEU
NEU
Q1 26
3.6%
Q4 25
0.1%
4.4%
Q3 25
0.0%
2.9%
Q2 25
0.0%
2.3%
Q1 25
0.1%
1.9%
Q4 24
0.5%
2.2%
Q3 24
0.1%
2.0%
Q2 24
0.2%
2.1%
Cash Conversion
APAM
APAM
NEU
NEU
Q1 26
Q4 25
1.46×
1.79×
Q3 25
0.60×
1.42×
Q2 25
0.75×
1.45×
Q1 25
2.58×
0.96×
Q4 24
4.26×
1.67×
Q3 24
1.54×
0.88×
Q2 24
1.32×
1.03×

Financial Flow Comparison

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

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