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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and T1 Energy Inc. (TE). 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 $210.5M, roughly 1.6× T1 Energy Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs -62.0%, a 97.2% gap on every dollar of revenue. Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $55.0M).

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.

Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.

APAM vs TE — Head-to-Head

Bigger by revenue
APAM
APAM
1.6× larger
APAM
$335.5M
$210.5M
TE
Higher net margin
APAM
APAM
97.2% more per $
APAM
35.2%
-62.0%
TE
More free cash flow
APAM
APAM
$116.6M more FCF
APAM
$171.6M
$55.0M
TE

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
APAM
APAM
TE
TE
Revenue
$335.5M
$210.5M
Net Profit
$118.1M
$-130.6M
Gross Margin
10.0%
Operating Margin
39.2%
-45.0%
Net Margin
35.2%
-62.0%
Revenue YoY
12.9%
Net Profit YoY
34.9%
-375.2%
EPS (diluted)
$1.36
$-0.87

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
TE
TE
Q4 25
$335.5M
Q3 25
$301.3M
$210.5M
Q2 25
$282.7M
$132.8M
Q1 25
$277.1M
$53.5M
Q4 24
$297.1M
Q3 24
$279.6M
$0
Q2 24
$270.8M
$0
Q1 24
$264.4M
$0
Net Profit
APAM
APAM
TE
TE
Q4 25
$118.1M
Q3 25
$66.8M
$-130.6M
Q2 25
$67.6M
$-31.9M
Q1 25
$61.1M
$-16.2M
Q4 24
$87.5M
Q3 24
$73.0M
$-27.5M
Q2 24
$57.6M
$-27.0M
Q1 24
$59.5M
$-28.5M
Gross Margin
APAM
APAM
TE
TE
Q4 25
Q3 25
10.0%
Q2 25
24.7%
Q1 25
33.3%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
APAM
APAM
TE
TE
Q4 25
39.2%
Q3 25
33.8%
-45.0%
Q2 25
28.2%
-22.0%
Q1 25
31.2%
-44.2%
Q4 24
36.7%
Q3 24
33.3%
Q2 24
32.0%
Q1 24
29.4%
Net Margin
APAM
APAM
TE
TE
Q4 25
35.2%
Q3 25
22.2%
-62.0%
Q2 25
23.9%
-24.0%
Q1 25
22.1%
-30.4%
Q4 24
29.5%
Q3 24
26.1%
Q2 24
21.3%
Q1 24
22.5%
EPS (diluted)
APAM
APAM
TE
TE
Q4 25
$1.36
Q3 25
$0.93
$-0.87
Q2 25
$0.94
$-0.21
Q1 25
$0.82
$-0.11
Q4 24
$0.99
Q3 24
$1.03
$-0.20
Q2 24
$0.80
$-0.19
Q1 24
$0.84
$-0.20

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
TE
TE
Cash + ST InvestmentsLiquidity on hand
$34.1M
Total DebtLower is stronger
$190.0M
$547.3M
Stockholders' EquityBook value
$438.8M
$96.9M
Total Assets
$1.6B
$1.4B
Debt / EquityLower = less leverage
0.43×
5.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
TE
TE
Q4 25
Q3 25
$34.1M
Q2 25
$8.5M
Q1 25
$48.9M
Q4 24
Q3 24
$181.9M
Q2 24
$219.6M
Q1 24
$249.9M
Total Debt
APAM
APAM
TE
TE
Q4 25
$190.0M
Q3 25
$190.0M
$547.3M
Q2 25
$200.0M
$591.2M
Q1 25
$200.0M
$603.2M
Q4 24
$200.0M
Q3 24
$200.0M
Q2 24
$200.0M
Q1 24
$200.0M
$602.3M
Stockholders' Equity
APAM
APAM
TE
TE
Q4 25
$438.8M
Q3 25
$402.1M
$96.9M
Q2 25
$381.8M
$183.9M
Q1 25
$356.5M
$201.9M
Q4 24
$388.9M
Q3 24
$372.1M
$538.7M
Q2 24
$341.2M
$561.6M
Q1 24
$320.3M
$582.3M
Total Assets
APAM
APAM
TE
TE
Q4 25
$1.6B
Q3 25
$1.6B
$1.4B
Q2 25
$1.4B
$1.4B
Q1 25
$1.4B
$1.4B
Q4 24
$1.6B
Q3 24
$1.6B
$615.0M
Q2 24
$1.5B
$644.4M
Q1 24
$1.5B
$670.3M
Debt / Equity
APAM
APAM
TE
TE
Q4 25
0.43×
Q3 25
0.47×
5.65×
Q2 25
0.52×
3.21×
Q1 25
0.56×
2.99×
Q4 24
0.51×
Q3 24
0.54×
Q2 24
0.59×
Q1 24
0.62×
1.03×

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
TE
TE
Operating Cash FlowLast quarter
$172.0M
$63.9M
Free Cash FlowOCF − Capex
$171.6M
$55.0M
FCF MarginFCF / Revenue
51.2%
26.1%
Capex IntensityCapex / Revenue
0.1%
4.2%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$420.6M
$-42.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
TE
TE
Q4 25
$172.0M
Q3 25
$40.4M
$63.9M
Q2 25
$50.9M
$33.4M
Q1 25
$157.9M
$-44.8M
Q4 24
$372.8M
Q3 24
$112.8M
$-28.4M
Q2 24
$75.9M
$-28.0M
Q1 24
$147.0M
$-16.2M
Free Cash Flow
APAM
APAM
TE
TE
Q4 25
$171.6M
Q3 25
$40.4M
$55.0M
Q2 25
$50.9M
$10.6M
Q1 25
$157.7M
$-74.0M
Q4 24
$371.3M
Q3 24
$112.4M
$-34.0M
Q2 24
$75.2M
$-35.6M
Q1 24
$146.9M
$-37.7M
FCF Margin
APAM
APAM
TE
TE
Q4 25
51.2%
Q3 25
13.4%
26.1%
Q2 25
18.0%
8.0%
Q1 25
56.9%
-138.4%
Q4 24
125.0%
Q3 24
40.2%
Q2 24
27.8%
Q1 24
55.6%
Capex Intensity
APAM
APAM
TE
TE
Q4 25
0.1%
Q3 25
0.0%
4.2%
Q2 25
0.0%
17.2%
Q1 25
0.1%
54.5%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
APAM
APAM
TE
TE
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.

TE
TE

Related Party$120.1M57%
Nonrelated Party$90.4M43%

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