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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and TRIMAS CORP (TRS). 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 $256.5M, roughly 1.3× TRIMAS CORP). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 31.9%, a 3.3% gap on every dollar of revenue. On growth, Artisan Partners Asset Management Inc. posted the faster year-over-year revenue change (12.9% vs 3.8%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $36.8M). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs 3.3%).

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.

Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.

APAM vs TRS — Head-to-Head

Bigger by revenue
APAM
APAM
1.3× larger
APAM
$335.5M
$256.5M
TRS
Growing faster (revenue YoY)
APAM
APAM
+9.1% gap
APAM
12.9%
3.8%
TRS
Higher net margin
APAM
APAM
3.3% more per $
APAM
35.2%
31.9%
TRS
More free cash flow
APAM
APAM
$134.8M more FCF
APAM
$171.6M
$36.8M
TRS
Faster 2-yr revenue CAGR
APAM
APAM
Annualised
APAM
12.7%
3.3%
TRS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
APAM
APAM
TRS
TRS
Revenue
$335.5M
$256.5M
Net Profit
$118.1M
$81.7M
Gross Margin
12.8%
Operating Margin
39.2%
5.7%
Net Margin
35.2%
31.9%
Revenue YoY
12.9%
3.8%
Net Profit YoY
34.9%
236.9%
EPS (diluted)
$1.36
$2.03

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
TRS
TRS
Q1 26
$256.5M
Q4 25
$335.5M
$-140.0M
Q3 25
$301.3M
$269.3M
Q2 25
$282.7M
$274.8M
Q1 25
$277.1M
$241.7M
Q4 24
$297.1M
$-66.2M
Q3 24
$279.6M
$229.4M
Q2 24
$270.8M
$240.5M
Net Profit
APAM
APAM
TRS
TRS
Q1 26
$81.7M
Q4 25
$118.1M
$81.7M
Q3 25
$66.8M
$9.3M
Q2 25
$67.6M
$16.7M
Q1 25
$61.1M
$12.4M
Q4 24
$87.5M
$5.6M
Q3 24
$73.0M
$2.5M
Q2 24
$57.6M
$10.9M
Gross Margin
APAM
APAM
TRS
TRS
Q1 26
12.8%
Q4 25
Q3 25
12.8%
Q2 25
13.8%
Q1 25
13.6%
Q4 24
Q3 24
15.4%
Q2 24
14.4%
Operating Margin
APAM
APAM
TRS
TRS
Q1 26
5.7%
Q4 25
39.2%
Q3 25
33.8%
6.2%
Q2 25
28.2%
9.9%
Q1 25
31.2%
9.0%
Q4 24
36.7%
Q3 24
33.3%
3.6%
Q2 24
32.0%
7.4%
Net Margin
APAM
APAM
TRS
TRS
Q1 26
31.9%
Q4 25
35.2%
-58.4%
Q3 25
22.2%
3.5%
Q2 25
23.9%
6.1%
Q1 25
22.1%
5.1%
Q4 24
29.5%
-8.5%
Q3 24
26.1%
1.1%
Q2 24
21.3%
4.5%
EPS (diluted)
APAM
APAM
TRS
TRS
Q1 26
$2.03
Q4 25
$1.36
$2.01
Q3 25
$0.93
$0.23
Q2 25
$0.94
$0.41
Q1 25
$0.82
$0.30
Q4 24
$0.99
$0.14
Q3 24
$1.03
$0.06
Q2 24
$0.80
$0.27

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
TRS
TRS
Cash + ST InvestmentsLiquidity on hand
$30.0M
Total DebtLower is stronger
$190.0M
Stockholders' EquityBook value
$438.8M
$705.6M
Total Assets
$1.6B
$1.5B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
TRS
TRS
Q1 26
$30.0M
Q4 25
$30.0M
Q3 25
$33.6M
Q2 25
$30.3M
Q1 25
$32.7M
Q4 24
$23.1M
Q3 24
$26.9M
Q2 24
$35.0M
Total Debt
APAM
APAM
TRS
TRS
Q1 26
Q4 25
$190.0M
$469.2M
Q3 25
$190.0M
$407.1M
Q2 25
$200.0M
$424.5M
Q1 25
$200.0M
$434.2M
Q4 24
$200.0M
$398.1M
Q3 24
$200.0M
$409.9M
Q2 24
$200.0M
$427.4M
Stockholders' Equity
APAM
APAM
TRS
TRS
Q1 26
$705.6M
Q4 25
$438.8M
$705.6M
Q3 25
$402.1M
$725.0M
Q2 25
$381.8M
$715.3M
Q1 25
$356.5M
$686.6M
Q4 24
$388.9M
$667.3M
Q3 24
$372.1M
$682.8M
Q2 24
$341.2M
$675.9M
Total Assets
APAM
APAM
TRS
TRS
Q1 26
$1.5B
Q4 25
$1.6B
$1.5B
Q3 25
$1.6B
$1.4B
Q2 25
$1.4B
$1.4B
Q1 25
$1.4B
$1.4B
Q4 24
$1.6B
$1.3B
Q3 24
$1.6B
$1.4B
Q2 24
$1.5B
$1.4B
Debt / Equity
APAM
APAM
TRS
TRS
Q1 26
Q4 25
0.43×
0.66×
Q3 25
0.47×
0.56×
Q2 25
0.52×
0.59×
Q1 25
0.56×
0.63×
Q4 24
0.51×
0.60×
Q3 24
0.54×
0.60×
Q2 24
0.59×
0.63×

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
TRS
TRS
Operating Cash FlowLast quarter
$172.0M
$117.5M
Free Cash FlowOCF − Capex
$171.6M
$36.8M
FCF MarginFCF / Revenue
51.2%
14.4%
Capex IntensityCapex / Revenue
0.1%
18.9%
Cash ConversionOCF / Net Profit
1.46×
1.44×
TTM Free Cash FlowTrailing 4 quarters
$420.6M
$109.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
TRS
TRS
Q1 26
$117.5M
Q4 25
$172.0M
$41.5M
Q3 25
$40.4M
$36.5M
Q2 25
$50.9M
$30.3M
Q1 25
$157.9M
$9.2M
Q4 24
$372.8M
$27.1M
Q3 24
$112.8M
$22.0M
Q2 24
$75.9M
$18.4M
Free Cash Flow
APAM
APAM
TRS
TRS
Q1 26
$36.8M
Q4 25
$171.6M
$36.8M
Q3 25
$40.4M
$22.8M
Q2 25
$50.9M
$13.2M
Q1 25
$157.7M
$-3.8M
Q4 24
$371.3M
$12.1M
Q3 24
$112.4M
$10.2M
Q2 24
$75.2M
$7.5M
FCF Margin
APAM
APAM
TRS
TRS
Q1 26
14.4%
Q4 25
51.2%
-26.3%
Q3 25
13.4%
8.5%
Q2 25
18.0%
4.8%
Q1 25
56.9%
-1.6%
Q4 24
125.0%
-18.3%
Q3 24
40.2%
4.4%
Q2 24
27.8%
3.1%
Capex Intensity
APAM
APAM
TRS
TRS
Q1 26
18.9%
Q4 25
0.1%
-3.4%
Q3 25
0.0%
5.1%
Q2 25
0.0%
6.2%
Q1 25
0.1%
5.4%
Q4 24
0.5%
-22.6%
Q3 24
0.1%
5.2%
Q2 24
0.2%
4.5%
Cash Conversion
APAM
APAM
TRS
TRS
Q1 26
1.44×
Q4 25
1.46×
0.51×
Q3 25
0.60×
3.92×
Q2 25
0.75×
1.81×
Q1 25
2.58×
0.74×
Q4 24
4.26×
4.80×
Q3 24
1.54×
8.71×
Q2 24
1.32×
1.68×

Financial Flow Comparison

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

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