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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and Sun Country Airlines Holdings, Inc. (SNCY). 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 $281.0M, roughly 1.2× Sun Country Airlines Holdings, Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 2.9%, a 32.3% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs 7.9%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $34.9M). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs -5.0%).

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.

Frontier Airlines, Inc. is a major American ultra low-cost airline headquartered in Denver, Colorado. It operates flights to over 120 destinations in the United States, the Caribbean, Mexico and Central America, and employs more than 5,000 staff. The carrier is a publicly traded company and maintains bases at Denver International Airport, Orlando International Airport, and eleven other cities across the contiguous United States and Puerto Rico.

APAM vs SNCY — Head-to-Head

Bigger by revenue
APAM
APAM
1.2× larger
APAM
$335.5M
$281.0M
SNCY
Growing faster (revenue YoY)
APAM
APAM
+5.1% gap
APAM
12.9%
7.9%
SNCY
Higher net margin
APAM
APAM
32.3% more per $
APAM
35.2%
2.9%
SNCY
More free cash flow
APAM
APAM
$136.7M more FCF
APAM
$171.6M
$34.9M
SNCY
Faster 2-yr revenue CAGR
APAM
APAM
Annualised
APAM
12.7%
-5.0%
SNCY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APAM
APAM
SNCY
SNCY
Revenue
$335.5M
$281.0M
Net Profit
$118.1M
$8.1M
Gross Margin
Operating Margin
39.2%
6.5%
Net Margin
35.2%
2.9%
Revenue YoY
12.9%
7.9%
Net Profit YoY
34.9%
-39.4%
EPS (diluted)
$1.36
$0.15

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
SNCY
SNCY
Q4 25
$335.5M
$281.0M
Q3 25
$301.3M
$255.5M
Q2 25
$282.7M
$263.6M
Q1 25
$277.1M
$326.6M
Q4 24
$297.1M
$260.4M
Q3 24
$279.6M
$249.5M
Q2 24
$270.8M
$254.4M
Q1 24
$264.4M
$311.5M
Net Profit
APAM
APAM
SNCY
SNCY
Q4 25
$118.1M
$8.1M
Q3 25
$66.8M
$1.6M
Q2 25
$67.6M
$6.6M
Q1 25
$61.1M
$36.5M
Q4 24
$87.5M
$13.4M
Q3 24
$73.0M
$2.3M
Q2 24
$57.6M
$1.8M
Q1 24
$59.5M
$35.3M
Operating Margin
APAM
APAM
SNCY
SNCY
Q4 25
39.2%
6.5%
Q3 25
33.8%
3.9%
Q2 25
28.2%
6.2%
Q1 25
31.2%
17.2%
Q4 24
36.7%
10.0%
Q3 24
33.3%
5.0%
Q2 24
32.0%
4.9%
Q1 24
29.4%
17.7%
Net Margin
APAM
APAM
SNCY
SNCY
Q4 25
35.2%
2.9%
Q3 25
22.2%
0.6%
Q2 25
23.9%
2.5%
Q1 25
22.1%
11.2%
Q4 24
29.5%
5.2%
Q3 24
26.1%
0.9%
Q2 24
21.3%
0.7%
Q1 24
22.5%
11.3%
EPS (diluted)
APAM
APAM
SNCY
SNCY
Q4 25
$1.36
$0.15
Q3 25
$0.93
$0.03
Q2 25
$0.94
$0.12
Q1 25
$0.82
$0.66
Q4 24
$0.99
$0.25
Q3 24
$1.03
$0.04
Q2 24
$0.80
$0.03
Q1 24
$0.84
$0.64

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
SNCY
SNCY
Cash + ST InvestmentsLiquidity on hand
$234.3M
Total DebtLower is stronger
$190.0M
$323.3M
Stockholders' EquityBook value
$438.8M
$625.2M
Total Assets
$1.6B
$1.7B
Debt / EquityLower = less leverage
0.43×
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
SNCY
SNCY
Q4 25
$234.3M
Q3 25
$176.2M
Q2 25
$138.3M
Q1 25
$158.8M
Q4 24
$187.3M
Q3 24
$146.5M
Q2 24
$135.2M
Q1 24
$161.2M
Total Debt
APAM
APAM
SNCY
SNCY
Q4 25
$190.0M
$323.3M
Q3 25
$190.0M
$301.3M
Q2 25
$200.0M
$282.1M
Q1 25
$200.0M
$312.6M
Q4 24
$200.0M
$327.1M
Q3 24
$200.0M
$351.8M
Q2 24
$200.0M
$365.5M
Q1 24
$200.0M
$388.1M
Stockholders' Equity
APAM
APAM
SNCY
SNCY
Q4 25
$438.8M
$625.2M
Q3 25
$402.1M
$610.2M
Q2 25
$381.8M
$613.0M
Q1 25
$356.5M
$603.0M
Q4 24
$388.9M
$570.4M
Q3 24
$372.1M
$552.5M
Q2 24
$341.2M
$546.9M
Q1 24
$320.3M
$541.0M
Total Assets
APAM
APAM
SNCY
SNCY
Q4 25
$1.6B
$1.7B
Q3 25
$1.6B
$1.6B
Q2 25
$1.4B
$1.6B
Q1 25
$1.4B
$1.6B
Q4 24
$1.6B
$1.6B
Q3 24
$1.6B
$1.6B
Q2 24
$1.5B
$1.6B
Q1 24
$1.5B
$1.6B
Debt / Equity
APAM
APAM
SNCY
SNCY
Q4 25
0.43×
0.52×
Q3 25
0.47×
0.49×
Q2 25
0.52×
0.46×
Q1 25
0.56×
0.52×
Q4 24
0.51×
0.57×
Q3 24
0.54×
0.64×
Q2 24
0.59×
0.67×
Q1 24
0.62×
0.72×

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
SNCY
SNCY
Operating Cash FlowLast quarter
$172.0M
$78.9M
Free Cash FlowOCF − Capex
$171.6M
$34.9M
FCF MarginFCF / Revenue
51.2%
12.4%
Capex IntensityCapex / Revenue
0.1%
15.7%
Cash ConversionOCF / Net Profit
1.46×
9.69×
TTM Free Cash FlowTrailing 4 quarters
$420.6M
$84.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
SNCY
SNCY
Q4 25
$172.0M
$78.9M
Q3 25
$40.4M
$41.9M
Q2 25
$50.9M
$19.8M
Q1 25
$157.9M
$16.4M
Q4 24
$372.8M
$90.6M
Q3 24
$112.8M
$35.4M
Q2 24
$75.9M
$8.2M
Q1 24
$147.0M
$30.7M
Free Cash Flow
APAM
APAM
SNCY
SNCY
Q4 25
$171.6M
$34.9M
Q3 25
$40.4M
$34.0M
Q2 25
$50.9M
$14.0M
Q1 25
$157.7M
$1.0M
Q4 24
$371.3M
$85.8M
Q3 24
$112.4M
$31.0M
Q2 24
$75.2M
$-382.0K
Q1 24
$146.9M
$1.0M
FCF Margin
APAM
APAM
SNCY
SNCY
Q4 25
51.2%
12.4%
Q3 25
13.4%
13.3%
Q2 25
18.0%
5.3%
Q1 25
56.9%
0.3%
Q4 24
125.0%
33.0%
Q3 24
40.2%
12.4%
Q2 24
27.8%
-0.2%
Q1 24
55.6%
0.3%
Capex Intensity
APAM
APAM
SNCY
SNCY
Q4 25
0.1%
15.7%
Q3 25
0.0%
3.1%
Q2 25
0.0%
2.2%
Q1 25
0.1%
4.7%
Q4 24
0.5%
1.8%
Q3 24
0.1%
1.8%
Q2 24
0.2%
3.4%
Q1 24
0.0%
9.5%
Cash Conversion
APAM
APAM
SNCY
SNCY
Q4 25
1.46×
9.69×
Q3 25
0.60×
27.03×
Q2 25
0.75×
3.01×
Q1 25
2.58×
0.45×
Q4 24
4.26×
6.74×
Q3 24
1.54×
15.13×
Q2 24
1.32×
4.50×
Q1 24
2.47×
0.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APAM
APAM

Segment breakdown not available.

SNCY
SNCY

Scheduled Service$95.6M34%
Ancillary$69.3M25%
Charter Service$56.6M20%
Cargo And Freight$48.0M17%
Service Other$11.4M4%

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