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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and Smith Douglas Homes Corp. (SDHC). 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 $260.4M, roughly 1.3× Smith Douglas Homes Corp.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 1.4%, a 33.8% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs -9.4%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs 12.7%).
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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
APAM vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.5M | $260.4M |
| Net Profit | $118.1M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | 39.2% | 6.5% |
| Net Margin | 35.2% | 1.4% |
| Revenue YoY | 12.9% | -9.4% |
| Net Profit YoY | 34.9% | -14.3% |
| EPS (diluted) | $1.36 | $0.39 |
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.
| Q4 25 | $335.5M | $260.4M | ||
| Q3 25 | $301.3M | $262.0M | ||
| Q2 25 | $282.7M | $223.9M | ||
| Q1 25 | $277.1M | $224.7M | ||
| Q4 24 | $297.1M | $287.5M | ||
| Q3 24 | $279.6M | $277.8M | ||
| Q2 24 | $270.8M | $220.9M | ||
| Q1 24 | $264.4M | $189.2M |
| Q4 25 | $118.1M | $3.5M | ||
| Q3 25 | $66.8M | $2.1M | ||
| Q2 25 | $67.6M | $2.4M | ||
| Q1 25 | $61.1M | $2.7M | ||
| Q4 24 | $87.5M | $4.1M | ||
| Q3 24 | $73.0M | $5.3M | ||
| Q2 24 | $57.6M | $3.6M | ||
| Q1 24 | $59.5M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 39.2% | 6.5% | ||
| Q3 25 | 33.8% | 6.6% | ||
| Q2 25 | 28.2% | 7.7% | ||
| Q1 25 | 31.2% | 8.7% | ||
| Q4 24 | 36.7% | 10.4% | ||
| Q3 24 | 33.3% | 14.2% | ||
| Q2 24 | 32.0% | 11.7% | ||
| Q1 24 | 29.4% | 11.3% |
| Q4 25 | 35.2% | 1.4% | ||
| Q3 25 | 22.2% | 0.8% | ||
| Q2 25 | 23.9% | 1.1% | ||
| Q1 25 | 22.1% | 1.2% | ||
| Q4 24 | 29.5% | 1.4% | ||
| Q3 24 | 26.1% | 1.9% | ||
| Q2 24 | 21.3% | 1.7% | ||
| Q1 24 | 22.5% | 1.6% |
| Q4 25 | $1.36 | $0.39 | ||
| Q3 25 | $0.93 | $0.24 | ||
| Q2 25 | $0.94 | $0.26 | ||
| Q1 25 | $0.82 | $0.30 | ||
| Q4 24 | $0.99 | $0.50 | ||
| Q3 24 | $1.03 | $0.58 | ||
| Q2 24 | $0.80 | $0.40 | ||
| Q1 24 | $0.84 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $12.7M |
| Total DebtLower is stronger | $190.0M | — |
| Stockholders' EquityBook value | $438.8M | $86.7M |
| Total Assets | $1.6B | $557.6M |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $12.7M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $16.8M | ||
| Q1 25 | — | $12.7M | ||
| Q4 24 | — | $22.4M | ||
| Q3 24 | — | $23.7M | ||
| Q2 24 | — | $17.3M | ||
| Q1 24 | — | $32.8M |
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | — |
| Q4 25 | $438.8M | $86.7M | ||
| Q3 25 | $402.1M | $82.2M | ||
| Q2 25 | $381.8M | $80.0M | ||
| Q1 25 | $356.5M | $76.9M | ||
| Q4 24 | $388.9M | $73.6M | ||
| Q3 24 | $372.1M | $68.4M | ||
| Q2 24 | $341.2M | $62.1M | ||
| Q1 24 | $320.3M | $59.7M |
| Q4 25 | $1.6B | $557.6M | ||
| Q3 25 | $1.6B | $571.6M | ||
| Q2 25 | $1.4B | $570.2M | ||
| Q1 25 | $1.4B | $513.9M | ||
| Q4 24 | $1.6B | $475.9M | ||
| Q3 24 | $1.6B | $460.1M | ||
| Q2 24 | $1.5B | $429.3M | ||
| Q1 24 | $1.5B | $401.3M |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $172.0M | $9.8M |
| Free Cash FlowOCF − Capex | $171.6M | $8.7M |
| FCF MarginFCF / Revenue | 51.2% | 3.4% |
| Capex IntensityCapex / Revenue | 0.1% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.46× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $420.6M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $172.0M | $9.8M | ||
| Q3 25 | $40.4M | $22.8M | ||
| Q2 25 | $50.9M | $-28.9M | ||
| Q1 25 | $157.9M | $-34.9M | ||
| Q4 24 | $372.8M | $5.5M | ||
| Q3 24 | $112.8M | $22.9M | ||
| Q2 24 | $75.9M | $39.0K | ||
| Q1 24 | $147.0M | $-9.3M |
| Q4 25 | $171.6M | $8.7M | ||
| Q3 25 | $40.4M | $21.4M | ||
| Q2 25 | $50.9M | $-31.1M | ||
| Q1 25 | $157.7M | $-35.9M | ||
| Q4 24 | $371.3M | $4.8M | ||
| Q3 24 | $112.4M | $22.3M | ||
| Q2 24 | $75.2M | $-2.1M | ||
| Q1 24 | $146.9M | $-9.7M |
| Q4 25 | 51.2% | 3.4% | ||
| Q3 25 | 13.4% | 8.2% | ||
| Q2 25 | 18.0% | -13.9% | ||
| Q1 25 | 56.9% | -16.0% | ||
| Q4 24 | 125.0% | 1.7% | ||
| Q3 24 | 40.2% | 8.0% | ||
| Q2 24 | 27.8% | -1.0% | ||
| Q1 24 | 55.6% | -5.1% |
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.0% | 0.5% | ||
| Q2 25 | 0.0% | 0.9% | ||
| Q1 25 | 0.1% | 0.5% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.2% | 1.0% | ||
| Q1 24 | 0.0% | 0.2% |
| Q4 25 | 1.46× | 2.77× | ||
| Q3 25 | 0.60× | 10.70× | ||
| Q2 25 | 0.75× | -12.24× | ||
| Q1 25 | 2.58× | -13.01× | ||
| Q4 24 | 4.26× | 1.33× | ||
| Q3 24 | 1.54× | 4.28× | ||
| Q2 24 | 1.32× | 0.01× | ||
| Q1 24 | 2.47× | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APAM
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
