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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and SailPoint, Inc. (SAIL). 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 $281.9M, roughly 1.2× SailPoint, Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs -12.8%, a 48.0% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs 6.7%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $52.5M).

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.

Steel Authority of India Limited (SAIL) is an Indian public sector steel manufacturing corporation based in New Delhi designated as Maharatna CPSE. It is the largest government-owned steel producer, with an annual production of 18.29 million metric tons. Incorporated on 24 January 1973, SAIL has 51,351 employees and is under the administrative control of the Ministry of Steel.

APAM vs SAIL — Head-to-Head

Bigger by revenue
APAM
APAM
1.2× larger
APAM
$335.5M
$281.9M
SAIL
Growing faster (revenue YoY)
APAM
APAM
+6.3% gap
APAM
12.9%
6.7%
SAIL
Higher net margin
APAM
APAM
48.0% more per $
APAM
35.2%
-12.8%
SAIL
More free cash flow
APAM
APAM
$119.1M more FCF
APAM
$171.6M
$52.5M
SAIL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
APAM
APAM
SAIL
SAIL
Revenue
$335.5M
$281.9M
Net Profit
$118.1M
$-36.0M
Gross Margin
66.3%
Operating Margin
39.2%
-14.8%
Net Margin
35.2%
-12.8%
Revenue YoY
12.9%
6.7%
Net Profit YoY
34.9%
-240.9%
EPS (diluted)
$1.36
$-0.06

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
SAIL
SAIL
Q4 25
$335.5M
$281.9M
Q3 25
$301.3M
$264.4M
Q2 25
$282.7M
$230.5M
Q1 25
$277.1M
$240.1M
Q4 24
$297.1M
Q3 24
$279.6M
$198.6M
Q2 24
$270.8M
$187.7M
Q1 24
$264.4M
Net Profit
APAM
APAM
SAIL
SAIL
Q4 25
$118.1M
$-36.0M
Q3 25
$66.8M
$-10.6M
Q2 25
$67.6M
$-187.3M
Q1 25
$61.1M
$-80.1M
Q4 24
$87.5M
Q3 24
$73.0M
$-87.1M
Q2 24
$57.6M
$-89.2M
Q1 24
$59.5M
Gross Margin
APAM
APAM
SAIL
SAIL
Q4 25
66.3%
Q3 25
67.3%
Q2 25
55.4%
Q1 25
66.5%
Q4 24
Q3 24
62.1%
Q2 24
61.5%
Q1 24
Operating Margin
APAM
APAM
SAIL
SAIL
Q4 25
39.2%
-14.8%
Q3 25
33.8%
-15.4%
Q2 25
28.2%
-80.3%
Q1 25
31.2%
-12.6%
Q4 24
36.7%
Q3 24
33.3%
-33.2%
Q2 24
32.0%
-36.3%
Q1 24
29.4%
Net Margin
APAM
APAM
SAIL
SAIL
Q4 25
35.2%
-12.8%
Q3 25
22.2%
-4.0%
Q2 25
23.9%
-81.3%
Q1 25
22.1%
-33.4%
Q4 24
29.5%
Q3 24
26.1%
-43.9%
Q2 24
21.3%
-47.5%
Q1 24
22.5%
EPS (diluted)
APAM
APAM
SAIL
SAIL
Q4 25
$1.36
$-0.06
Q3 25
$0.93
$-0.02
Q2 25
$0.94
$-0.42
Q1 25
$0.82
$-6.50
Q4 24
$0.99
Q3 24
$1.03
$-2.97
Q2 24
$0.80
$-0.77
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
SAIL
SAIL
Cash + ST InvestmentsLiquidity on hand
$298.1M
Total DebtLower is stronger
$190.0M
$0
Stockholders' EquityBook value
$438.8M
$6.8B
Total Assets
$1.6B
$7.5B
Debt / EquityLower = less leverage
0.43×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
SAIL
SAIL
Q4 25
$298.1M
Q3 25
$271.1M
Q2 25
$228.1M
Q1 25
$121.3M
Q4 24
Q3 24
$89.7M
Q2 24
$146.8M
Q1 24
Total Debt
APAM
APAM
SAIL
SAIL
Q4 25
$190.0M
$0
Q3 25
$190.0M
$0
Q2 25
$200.0M
$0
Q1 25
$200.0M
$1.0B
Q4 24
$200.0M
Q3 24
$200.0M
Q2 24
$200.0M
Q1 24
$200.0M
Stockholders' Equity
APAM
APAM
SAIL
SAIL
Q4 25
$438.8M
$6.8B
Q3 25
$402.1M
$6.8B
Q2 25
$381.8M
$6.8B
Q1 25
$356.5M
$-5.6B
Q4 24
$388.9M
Q3 24
$372.1M
$-701.3M
Q2 24
$341.2M
$-622.5M
Q1 24
$320.3M
Total Assets
APAM
APAM
SAIL
SAIL
Q4 25
$1.6B
$7.5B
Q3 25
$1.6B
$7.4B
Q2 25
$1.4B
$7.4B
Q1 25
$1.4B
$7.4B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.5B
Q1 24
$1.5B
Debt / Equity
APAM
APAM
SAIL
SAIL
Q4 25
0.43×
0.00×
Q3 25
0.47×
0.00×
Q2 25
0.52×
0.00×
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
SAIL
SAIL
Operating Cash FlowLast quarter
$172.0M
$53.6M
Free Cash FlowOCF − Capex
$171.6M
$52.5M
FCF MarginFCF / Revenue
51.2%
18.6%
Capex IntensityCapex / Revenue
0.1%
0.4%
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
SAIL
SAIL
Q4 25
$172.0M
$53.6M
Q3 25
$40.4M
$49.9M
Q2 25
$50.9M
$-96.8M
Q1 25
$157.9M
Q4 24
$372.8M
Q3 24
$112.8M
Q2 24
$75.9M
$-55.4M
Q1 24
$147.0M
Free Cash Flow
APAM
APAM
SAIL
SAIL
Q4 25
$171.6M
$52.5M
Q3 25
$40.4M
$49.0M
Q2 25
$50.9M
$-99.0M
Q1 25
$157.7M
Q4 24
$371.3M
Q3 24
$112.4M
Q2 24
$75.2M
$-56.0M
Q1 24
$146.9M
FCF Margin
APAM
APAM
SAIL
SAIL
Q4 25
51.2%
18.6%
Q3 25
13.4%
18.5%
Q2 25
18.0%
-43.0%
Q1 25
56.9%
Q4 24
125.0%
Q3 24
40.2%
Q2 24
27.8%
-29.8%
Q1 24
55.6%
Capex Intensity
APAM
APAM
SAIL
SAIL
Q4 25
0.1%
0.4%
Q3 25
0.0%
0.4%
Q2 25
0.0%
1.0%
Q1 25
0.1%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.2%
0.3%
Q1 24
0.0%
Cash Conversion
APAM
APAM
SAIL
SAIL
Q4 25
1.46×
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.

Revenue Breakdown by Segment

APAM
APAM

Segment breakdown not available.

SAIL
SAIL

Software As A Service Saa S$156.0M55%
Term Subscriptions Services$65.1M23%
Maintenance$38.0M13%
Other$15.7M6%
Other Subscription Services$7.1M3%

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