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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and Orion Group Holdings Inc (ORN). 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 $216.3M, roughly 1.6× Orion Group Holdings Inc). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 2.2%, a 33.0% gap on every dollar of revenue. On growth, Orion Group Holdings Inc posted the faster year-over-year revenue change (14.6% vs 12.9%). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs 6.1%).

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.

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

APAM vs ORN — Head-to-Head

Bigger by revenue
APAM
APAM
1.6× larger
APAM
$335.5M
$216.3M
ORN
Growing faster (revenue YoY)
ORN
ORN
+1.7% gap
ORN
14.6%
12.9%
APAM
Higher net margin
APAM
APAM
33.0% more per $
APAM
35.2%
2.2%
ORN
Faster 2-yr revenue CAGR
APAM
APAM
Annualised
APAM
12.7%
6.1%
ORN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
APAM
APAM
ORN
ORN
Revenue
$335.5M
$216.3M
Net Profit
$118.1M
$4.7M
Gross Margin
12.0%
Operating Margin
39.2%
Net Margin
35.2%
2.2%
Revenue YoY
12.9%
14.6%
Net Profit YoY
34.9%
435.7%
EPS (diluted)
$1.36
$0.12

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
ORN
ORN
Q1 26
$216.3M
Q4 25
$335.5M
$233.2M
Q3 25
$301.3M
$225.1M
Q2 25
$282.7M
$205.3M
Q1 25
$277.1M
$188.7M
Q4 24
$297.1M
$216.9M
Q3 24
$279.6M
$226.7M
Q2 24
$270.8M
$192.2M
Net Profit
APAM
APAM
ORN
ORN
Q1 26
$4.7M
Q4 25
$118.1M
$-240.0K
Q3 25
$66.8M
$3.3M
Q2 25
$67.6M
$841.0K
Q1 25
$61.1M
$-1.4M
Q4 24
$87.5M
$6.8M
Q3 24
$73.0M
$4.3M
Q2 24
$57.6M
$-6.6M
Gross Margin
APAM
APAM
ORN
ORN
Q1 26
12.0%
Q4 25
11.6%
Q3 25
13.2%
Q2 25
12.6%
Q1 25
12.2%
Q4 24
14.0%
Q3 24
11.9%
Q2 24
9.5%
Operating Margin
APAM
APAM
ORN
ORN
Q1 26
Q4 25
39.2%
2.2%
Q3 25
33.8%
2.4%
Q2 25
28.2%
1.7%
Q1 25
31.2%
0.4%
Q4 24
36.7%
4.4%
Q3 24
33.3%
3.4%
Q2 24
32.0%
-1.4%
Net Margin
APAM
APAM
ORN
ORN
Q1 26
2.2%
Q4 25
35.2%
-0.1%
Q3 25
22.2%
1.5%
Q2 25
23.9%
0.4%
Q1 25
22.1%
-0.7%
Q4 24
29.5%
3.1%
Q3 24
26.1%
1.9%
Q2 24
21.3%
-3.4%
EPS (diluted)
APAM
APAM
ORN
ORN
Q1 26
$0.12
Q4 25
$1.36
$-0.00
Q3 25
$0.93
$0.08
Q2 25
$0.94
$0.02
Q1 25
$0.82
$-0.04
Q4 24
$0.99
$0.22
Q3 24
$1.03
$0.12
Q2 24
$0.80
$-0.20

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
ORN
ORN
Cash + ST InvestmentsLiquidity on hand
$6.3M
Total DebtLower is stronger
$190.0M
Stockholders' EquityBook value
$438.8M
$166.7M
Total Assets
$1.6B
$478.7M
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
ORN
ORN
Q1 26
$6.3M
Q4 25
$1.6M
Q3 25
$4.9M
Q2 25
$1.7M
Q1 25
$13.0M
Q4 24
$28.3M
Q3 24
$28.3M
Q2 24
$4.8M
Total Debt
APAM
APAM
ORN
ORN
Q1 26
Q4 25
$190.0M
Q3 25
$190.0M
Q2 25
$200.0M
$33.4M
Q1 25
$200.0M
$23.3M
Q4 24
$200.0M
$23.2M
Q3 24
$200.0M
$28.0M
Q2 24
$200.0M
$60.3M
Stockholders' Equity
APAM
APAM
ORN
ORN
Q1 26
$166.7M
Q4 25
$438.8M
$159.0M
Q3 25
$402.1M
$157.9M
Q2 25
$381.8M
$153.2M
Q1 25
$356.5M
$150.8M
Q4 24
$388.9M
$150.7M
Q3 24
$372.1M
$142.4M
Q2 24
$341.2M
$111.1M
Total Assets
APAM
APAM
ORN
ORN
Q1 26
$478.7M
Q4 25
$1.6B
$414.7M
Q3 25
$1.6B
$422.4M
Q2 25
$1.4B
$432.7M
Q1 25
$1.4B
$416.3M
Q4 24
$1.6B
$417.3M
Q3 24
$1.6B
$430.3M
Q2 24
$1.5B
$414.0M
Debt / Equity
APAM
APAM
ORN
ORN
Q1 26
Q4 25
0.43×
Q3 25
0.47×
Q2 25
0.52×
0.22×
Q1 25
0.56×
0.15×
Q4 24
0.51×
0.15×
Q3 24
0.54×
0.20×
Q2 24
0.59×
0.54×

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
ORN
ORN
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
ORN
ORN
Q1 26
Q4 25
$172.0M
$13.8M
Q3 25
$40.4M
$23.3M
Q2 25
$50.9M
$-5.6M
Q1 25
$157.9M
$-3.4M
Q4 24
$372.8M
$13.4M
Q3 24
$112.8M
$37.5M
Q2 24
$75.9M
$-15.3M
Free Cash Flow
APAM
APAM
ORN
ORN
Q1 26
Q4 25
$171.6M
$454.0K
Q3 25
$40.4M
$13.9M
Q2 25
$50.9M
$-12.7M
Q1 25
$157.7M
$-12.5M
Q4 24
$371.3M
$9.9M
Q3 24
$112.4M
$33.3M
Q2 24
$75.2M
$-20.0M
FCF Margin
APAM
APAM
ORN
ORN
Q1 26
Q4 25
51.2%
0.2%
Q3 25
13.4%
6.2%
Q2 25
18.0%
-6.2%
Q1 25
56.9%
-6.6%
Q4 24
125.0%
4.6%
Q3 24
40.2%
14.7%
Q2 24
27.8%
-10.4%
Capex Intensity
APAM
APAM
ORN
ORN
Q1 26
Q4 25
0.1%
5.7%
Q3 25
0.0%
4.2%
Q2 25
0.0%
3.5%
Q1 25
0.1%
4.8%
Q4 24
0.5%
1.6%
Q3 24
0.1%
1.8%
Q2 24
0.2%
2.4%
Cash Conversion
APAM
APAM
ORN
ORN
Q1 26
Q4 25
1.46×
Q3 25
0.60×
7.05×
Q2 25
0.75×
-6.61×
Q1 25
2.58×
Q4 24
4.26×
1.98×
Q3 24
1.54×
8.79×
Q2 24
1.32×

Financial Flow Comparison

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

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