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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and Tokyo Lifestyle Co., Ltd. (TKLF). 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 $190.4M, roughly 1.8× Tokyo Lifestyle Co., Ltd.).

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.

Ten Lifestyle Group is a global travel and lifestyle concierge company founded in 1998 by Alex Cheatle and Andrew Long. The company's headquarters is based in London with 22 global offices in major cities including New York, Dubai, Hong Kong, Singapore and Tokyo. Alex Cheatle is the company's Chief Executive Officer (CEO).

APAM vs TKLF — Head-to-Head

Bigger by revenue
APAM
APAM
1.8× larger
APAM
$335.5M
$190.4M
TKLF

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
APAM
APAM
TKLF
TKLF
Revenue
$335.5M
$190.4M
Net Profit
$118.1M
Gross Margin
Operating Margin
39.2%
Net Margin
35.2%
Revenue YoY
12.9%
Net Profit YoY
34.9%
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
TKLF
TKLF
Q4 25
$335.5M
Q3 25
$301.3M
$190.4M
Q2 25
$282.7M
Q1 25
$277.1M
Q4 24
$297.1M
Q3 24
$279.6M
Q2 24
$270.8M
Q1 24
$264.4M
Net Profit
APAM
APAM
TKLF
TKLF
Q4 25
$118.1M
Q3 25
$66.8M
Q2 25
$67.6M
Q1 25
$61.1M
Q4 24
$87.5M
Q3 24
$73.0M
Q2 24
$57.6M
Q1 24
$59.5M
Operating Margin
APAM
APAM
TKLF
TKLF
Q4 25
39.2%
Q3 25
33.8%
Q2 25
28.2%
Q1 25
31.2%
Q4 24
36.7%
Q3 24
33.3%
Q2 24
32.0%
Q1 24
29.4%
Net Margin
APAM
APAM
TKLF
TKLF
Q4 25
35.2%
Q3 25
22.2%
Q2 25
23.9%
Q1 25
22.1%
Q4 24
29.5%
Q3 24
26.1%
Q2 24
21.3%
Q1 24
22.5%
EPS (diluted)
APAM
APAM
TKLF
TKLF
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
TKLF
TKLF
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$190.0M
Stockholders' EquityBook value
$438.8M
$43.0M
Total Assets
$1.6B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Total Debt
APAM
APAM
TKLF
TKLF
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
Stockholders' Equity
APAM
APAM
TKLF
TKLF
Q4 25
$438.8M
Q3 25
$402.1M
$43.0M
Q2 25
$381.8M
Q1 25
$356.5M
Q4 24
$388.9M
Q3 24
$372.1M
Q2 24
$341.2M
Q1 24
$320.3M
Total Assets
APAM
APAM
TKLF
TKLF
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.5B
Q1 24
$1.5B
Debt / Equity
APAM
APAM
TKLF
TKLF
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
APAM
APAM
TKLF
TKLF
Operating Cash FlowLast quarter
$172.0M
Free Cash FlowOCF − Capex
$171.6M
FCF MarginFCF / Revenue
51.2%
Capex IntensityCapex / Revenue
0.1%
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
TKLF
TKLF
Q4 25
$172.0M
Q3 25
$40.4M
Q2 25
$50.9M
Q1 25
$157.9M
Q4 24
$372.8M
Q3 24
$112.8M
Q2 24
$75.9M
Q1 24
$147.0M
Free Cash Flow
APAM
APAM
TKLF
TKLF
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
TKLF
TKLF
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
TKLF
TKLF
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
TKLF
TKLF
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.

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