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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and Phoenix Education Partners, Inc. (PXED). 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 $222.5M, roughly 1.5× Phoenix Education Partners, Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 4.8%, a 30.3% gap on every dollar of revenue. Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $43.5M).

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.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

APAM vs PXED — Head-to-Head

Bigger by revenue
APAM
APAM
1.5× larger
APAM
$335.5M
$222.5M
PXED
Higher net margin
APAM
APAM
30.3% more per $
APAM
35.2%
4.8%
PXED
More free cash flow
APAM
APAM
$128.1M more FCF
APAM
$171.6M
$43.5M
PXED

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
APAM
APAM
PXED
PXED
Revenue
$335.5M
$222.5M
Net Profit
$118.1M
$10.8M
Gross Margin
Operating Margin
39.2%
6.3%
Net Margin
35.2%
4.8%
Revenue YoY
12.9%
Net Profit YoY
34.9%
EPS (diluted)
$1.36
$0.28

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
PXED
PXED
Q1 26
$222.5M
Q4 25
$335.5M
$262.0M
Q3 25
$301.3M
Q2 25
$282.7M
Q1 25
$277.1M
Q4 24
$297.1M
Q3 24
$279.6M
Q2 24
$270.8M
Net Profit
APAM
APAM
PXED
PXED
Q1 26
$10.8M
Q4 25
$118.1M
$15.5M
Q3 25
$66.8M
Q2 25
$67.6M
Q1 25
$61.1M
Q4 24
$87.5M
Q3 24
$73.0M
Q2 24
$57.6M
Operating Margin
APAM
APAM
PXED
PXED
Q1 26
6.3%
Q4 25
39.2%
9.8%
Q3 25
33.8%
Q2 25
28.2%
Q1 25
31.2%
Q4 24
36.7%
Q3 24
33.3%
Q2 24
32.0%
Net Margin
APAM
APAM
PXED
PXED
Q1 26
4.8%
Q4 25
35.2%
5.9%
Q3 25
22.2%
Q2 25
23.9%
Q1 25
22.1%
Q4 24
29.5%
Q3 24
26.1%
Q2 24
21.3%
EPS (diluted)
APAM
APAM
PXED
PXED
Q1 26
$0.28
Q4 25
$1.36
$0.40
Q3 25
$0.93
Q2 25
$0.94
Q1 25
$0.82
Q4 24
$0.99
Q3 24
$1.03
Q2 24
$0.80

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$201.4M
Total DebtLower is stronger
$190.0M
$58.8M
Stockholders' EquityBook value
$438.8M
$291.1M
Total Assets
$1.6B
$546.4M
Debt / EquityLower = less leverage
0.43×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
PXED
PXED
Q1 26
$201.4M
Q4 25
$163.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
APAM
APAM
PXED
PXED
Q1 26
$58.8M
Q4 25
$190.0M
$61.6M
Q3 25
$190.0M
Q2 25
$200.0M
Q1 25
$200.0M
Q4 24
$200.0M
Q3 24
$200.0M
Q2 24
$200.0M
Stockholders' Equity
APAM
APAM
PXED
PXED
Q1 26
$291.1M
Q4 25
$438.8M
$280.4M
Q3 25
$402.1M
Q2 25
$381.8M
Q1 25
$356.5M
Q4 24
$388.9M
Q3 24
$372.1M
Q2 24
$341.2M
Total Assets
APAM
APAM
PXED
PXED
Q1 26
$546.4M
Q4 25
$1.6B
$549.6M
Q3 25
$1.6B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.5B
Debt / Equity
APAM
APAM
PXED
PXED
Q1 26
0.20×
Q4 25
0.43×
0.22×
Q3 25
0.47×
Q2 25
0.52×
Q1 25
0.56×
Q4 24
0.51×
Q3 24
0.54×
Q2 24
0.59×

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
PXED
PXED
Operating Cash FlowLast quarter
$172.0M
$48.9M
Free Cash FlowOCF − Capex
$171.6M
$43.5M
FCF MarginFCF / Revenue
51.2%
19.6%
Capex IntensityCapex / Revenue
0.1%
2.4%
Cash ConversionOCF / Net Profit
1.46×
4.53×
TTM Free Cash FlowTrailing 4 quarters
$420.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
PXED
PXED
Q1 26
$48.9M
Q4 25
$172.0M
$31.1M
Q3 25
$40.4M
Q2 25
$50.9M
Q1 25
$157.9M
Q4 24
$372.8M
Q3 24
$112.8M
Q2 24
$75.9M
Free Cash Flow
APAM
APAM
PXED
PXED
Q1 26
$43.5M
Q4 25
$171.6M
$26.4M
Q3 25
$40.4M
Q2 25
$50.9M
Q1 25
$157.7M
Q4 24
$371.3M
Q3 24
$112.4M
Q2 24
$75.2M
FCF Margin
APAM
APAM
PXED
PXED
Q1 26
19.6%
Q4 25
51.2%
10.1%
Q3 25
13.4%
Q2 25
18.0%
Q1 25
56.9%
Q4 24
125.0%
Q3 24
40.2%
Q2 24
27.8%
Capex Intensity
APAM
APAM
PXED
PXED
Q1 26
2.4%
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%
Cash Conversion
APAM
APAM
PXED
PXED
Q1 26
4.53×
Q4 25
1.46×
2.01×
Q3 25
0.60×
Q2 25
0.75×
Q1 25
2.58×
Q4 24
4.26×
Q3 24
1.54×
Q2 24
1.32×

Financial Flow Comparison

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

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