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

Regency Centers is the larger business by last-quarter revenue ($404.2M vs $335.5M, roughly 1.2× Artisan Partners Asset Management Inc.). Regency Centers runs the higher net margin — 50.1% vs 35.2%, a 14.9% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs 8.5%). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs 5.4%).

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.

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

APAM vs REG — Head-to-Head

Bigger by revenue
REG
REG
1.2× larger
REG
$404.2M
$335.5M
APAM
Growing faster (revenue YoY)
APAM
APAM
+4.4% gap
APAM
12.9%
8.5%
REG
Higher net margin
REG
REG
14.9% more per $
REG
50.1%
35.2%
APAM
Faster 2-yr revenue CAGR
APAM
APAM
Annualised
APAM
12.7%
5.4%
REG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APAM
APAM
REG
REG
Revenue
$335.5M
$404.2M
Net Profit
$118.1M
$202.5M
Gross Margin
Operating Margin
39.2%
71.0%
Net Margin
35.2%
50.1%
Revenue YoY
12.9%
8.5%
Net Profit YoY
34.9%
134.1%
EPS (diluted)
$1.36

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
REG
REG
Q4 25
$335.5M
$404.2M
Q3 25
$301.3M
$387.6M
Q2 25
$282.7M
$380.8M
Q1 25
$277.1M
$380.9M
Q4 24
$297.1M
$372.5M
Q3 24
$279.6M
$360.3M
Q2 24
$270.8M
$357.3M
Q1 24
$264.4M
$363.9M
Net Profit
APAM
APAM
REG
REG
Q4 25
$118.1M
$202.5M
Q3 25
$66.8M
$109.4M
Q2 25
$67.6M
$106.0M
Q1 25
$61.1M
$109.6M
Q4 24
$87.5M
$86.5M
Q3 24
$73.0M
$101.5M
Q2 24
$57.6M
$102.7M
Q1 24
$59.5M
$109.8M
Operating Margin
APAM
APAM
REG
REG
Q4 25
39.2%
71.0%
Q3 25
33.8%
72.7%
Q2 25
28.2%
73.8%
Q1 25
31.2%
71.8%
Q4 24
36.7%
71.1%
Q3 24
33.3%
72.5%
Q2 24
32.0%
72.3%
Q1 24
29.4%
72.3%
Net Margin
APAM
APAM
REG
REG
Q4 25
35.2%
50.1%
Q3 25
22.2%
28.2%
Q2 25
23.9%
27.8%
Q1 25
22.1%
28.8%
Q4 24
29.5%
23.2%
Q3 24
26.1%
28.2%
Q2 24
21.3%
28.7%
Q1 24
22.5%
30.2%
EPS (diluted)
APAM
APAM
REG
REG
Q4 25
$1.36
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
REG
REG
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$190.0M
$4.7B
Stockholders' EquityBook value
$438.8M
$6.9B
Total Assets
$1.6B
$13.0B
Debt / EquityLower = less leverage
0.43×
0.69×

8-quarter trend — quarters aligned by calendar period.

Total Debt
APAM
APAM
REG
REG
Q4 25
$190.0M
$4.7B
Q3 25
$190.0M
$4.9B
Q2 25
$200.0M
$4.8B
Q1 25
$200.0M
$4.6B
Q4 24
$200.0M
$4.4B
Q3 24
$200.0M
$4.4B
Q2 24
$200.0M
$4.4B
Q1 24
$200.0M
$4.4B
Stockholders' Equity
APAM
APAM
REG
REG
Q4 25
$438.8M
$6.9B
Q3 25
$402.1M
$6.8B
Q2 25
$381.8M
$6.7B
Q1 25
$356.5M
$6.7B
Q4 24
$388.9M
$6.7B
Q3 24
$372.1M
$6.8B
Q2 24
$341.2M
$6.8B
Q1 24
$320.3M
$7.0B
Total Assets
APAM
APAM
REG
REG
Q4 25
$1.6B
$13.0B
Q3 25
$1.6B
$13.1B
Q2 25
$1.4B
$12.7B
Q1 25
$1.4B
$12.6B
Q4 24
$1.6B
$12.4B
Q3 24
$1.6B
$12.4B
Q2 24
$1.5B
$12.4B
Q1 24
$1.5B
$12.7B
Debt / Equity
APAM
APAM
REG
REG
Q4 25
0.43×
0.69×
Q3 25
0.47×
0.72×
Q2 25
0.52×
0.72×
Q1 25
0.56×
0.69×
Q4 24
0.51×
0.66×
Q3 24
0.54×
0.65×
Q2 24
0.59×
0.64×
Q1 24
0.62×
0.63×

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
REG
REG
Operating Cash FlowLast quarter
$172.0M
$203.9M
Free Cash FlowOCF − Capex
$171.6M
FCF MarginFCF / Revenue
51.2%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.46×
1.01×
TTM Free Cash FlowTrailing 4 quarters
$420.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
REG
REG
Q4 25
$172.0M
$203.9M
Q3 25
$40.4M
$218.7M
Q2 25
$50.9M
$244.0M
Q1 25
$157.9M
$161.0M
Q4 24
$372.8M
$191.4M
Q3 24
$112.8M
$227.6M
Q2 24
$75.9M
$203.5M
Q1 24
$147.0M
$167.8M
Free Cash Flow
APAM
APAM
REG
REG
Q4 25
$171.6M
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
REG
REG
Q4 25
51.2%
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
REG
REG
Q4 25
0.1%
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
REG
REG
Q4 25
1.46×
1.01×
Q3 25
0.60×
2.00×
Q2 25
0.75×
2.30×
Q1 25
2.58×
1.47×
Q4 24
4.26×
2.21×
Q3 24
1.54×
2.24×
Q2 24
1.32×
1.98×
Q1 24
2.47×
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APAM
APAM

Segment breakdown not available.

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

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