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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.

Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $335.5M, roughly 1.2× Artisan Partners Asset Management Inc.). Artisan Partners Asset Management Inc. runs the higher net margin — 35.2% vs 1.7%, a 33.5% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs 12.9%). Artisan Partners Asset Management Inc. produced more free cash flow last quarter ($171.6M vs $60.9M). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% 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.

Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.

APAM vs ZETA — Head-to-Head

Bigger by revenue
ZETA
ZETA
1.2× larger
ZETA
$394.6M
$335.5M
APAM
Growing faster (revenue YoY)
ZETA
ZETA
+12.5% gap
ZETA
25.4%
12.9%
APAM
Higher net margin
APAM
APAM
33.5% more per $
APAM
35.2%
1.7%
ZETA
More free cash flow
APAM
APAM
$110.7M more FCF
APAM
$171.6M
$60.9M
ZETA
Faster 2-yr revenue CAGR
ZETA
ZETA
Annualised
ZETA
42.3%
12.7%
APAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APAM
APAM
ZETA
ZETA
Revenue
$335.5M
$394.6M
Net Profit
$118.1M
$6.5M
Gross Margin
59.5%
Operating Margin
39.2%
4.5%
Net Margin
35.2%
1.7%
Revenue YoY
12.9%
25.4%
Net Profit YoY
34.9%
-57.1%
EPS (diluted)
$1.36
$0.04

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
ZETA
ZETA
Q4 25
$335.5M
$394.6M
Q3 25
$301.3M
$337.2M
Q2 25
$282.7M
$308.4M
Q1 25
$277.1M
$264.4M
Q4 24
$297.1M
$314.7M
Q3 24
$279.6M
$268.3M
Q2 24
$270.8M
$227.8M
Q1 24
$264.4M
$194.9M
Net Profit
APAM
APAM
ZETA
ZETA
Q4 25
$118.1M
$6.5M
Q3 25
$66.8M
$-3.6M
Q2 25
$67.6M
$-12.8M
Q1 25
$61.1M
$-21.6M
Q4 24
$87.5M
$15.2M
Q3 24
$73.0M
$-17.4M
Q2 24
$57.6M
$-28.1M
Q1 24
$59.5M
$-39.6M
Gross Margin
APAM
APAM
ZETA
ZETA
Q4 25
59.5%
Q3 25
60.5%
Q2 25
62.1%
Q1 25
60.9%
Q4 24
60.0%
Q3 24
60.6%
Q2 24
60.0%
Q1 24
60.6%
Operating Margin
APAM
APAM
ZETA
ZETA
Q4 25
39.2%
4.5%
Q3 25
33.8%
2.6%
Q2 25
28.2%
-1.7%
Q1 25
31.2%
-6.1%
Q4 24
36.7%
2.2%
Q3 24
33.3%
-4.6%
Q2 24
32.0%
-11.7%
Q1 24
29.4%
-18.4%
Net Margin
APAM
APAM
ZETA
ZETA
Q4 25
35.2%
1.7%
Q3 25
22.2%
-1.1%
Q2 25
23.9%
-4.2%
Q1 25
22.1%
-8.2%
Q4 24
29.5%
4.8%
Q3 24
26.1%
-6.5%
Q2 24
21.3%
-12.3%
Q1 24
22.5%
-20.3%
EPS (diluted)
APAM
APAM
ZETA
ZETA
Q4 25
$1.36
$0.04
Q3 25
$0.93
$-0.02
Q2 25
$0.94
$-0.06
Q1 25
$0.82
$-0.10
Q4 24
$0.99
$0.10
Q3 24
$1.03
$-0.09
Q2 24
$0.80
$-0.16
Q1 24
$0.84
$-0.23

Balance Sheet & Financial Strength

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

Metric
APAM
APAM
ZETA
ZETA
Cash + ST InvestmentsLiquidity on hand
$319.8M
Total DebtLower is stronger
$190.0M
$197.1M
Stockholders' EquityBook value
$438.8M
$804.6M
Total Assets
$1.6B
$1.5B
Debt / EquityLower = less leverage
0.43×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAM
APAM
ZETA
ZETA
Q4 25
$319.8M
Q3 25
$385.2M
Q2 25
$365.3M
Q1 25
$364.4M
Q4 24
$366.2M
Q3 24
$418.5M
Q2 24
$154.7M
Q1 24
$141.6M
Total Debt
APAM
APAM
ZETA
ZETA
Q4 25
$190.0M
$197.1M
Q3 25
$190.0M
$196.9M
Q2 25
$200.0M
$196.7M
Q1 25
$200.0M
$196.5M
Q4 24
$200.0M
$196.3M
Q3 24
$200.0M
$196.1M
Q2 24
$200.0M
$184.4M
Q1 24
$200.0M
$184.2M
Stockholders' Equity
APAM
APAM
ZETA
ZETA
Q4 25
$438.8M
$804.6M
Q3 25
$402.1M
$689.2M
Q2 25
$381.8M
$673.3M
Q1 25
$356.5M
$676.6M
Q4 24
$388.9M
$676.8M
Q3 24
$372.1M
$474.9M
Q2 24
$341.2M
$217.0M
Q1 24
$320.3M
$191.6M
Total Assets
APAM
APAM
ZETA
ZETA
Q4 25
$1.6B
$1.5B
Q3 25
$1.6B
$1.2B
Q2 25
$1.4B
$1.1B
Q1 25
$1.4B
$1.1B
Q4 24
$1.6B
$1.1B
Q3 24
$1.6B
$869.1M
Q2 24
$1.5B
$583.9M
Q1 24
$1.5B
$550.3M
Debt / Equity
APAM
APAM
ZETA
ZETA
Q4 25
0.43×
0.24×
Q3 25
0.47×
0.29×
Q2 25
0.52×
0.29×
Q1 25
0.56×
0.29×
Q4 24
0.51×
0.29×
Q3 24
0.54×
0.41×
Q2 24
0.59×
0.85×
Q1 24
0.62×
0.96×

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
ZETA
ZETA
Operating Cash FlowLast quarter
$172.0M
$64.1M
Free Cash FlowOCF − Capex
$171.6M
$60.9M
FCF MarginFCF / Revenue
51.2%
15.4%
Capex IntensityCapex / Revenue
0.1%
0.8%
Cash ConversionOCF / Net Profit
1.46×
9.81×
TTM Free Cash FlowTrailing 4 quarters
$420.6M
$185.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAM
APAM
ZETA
ZETA
Q4 25
$172.0M
$64.1M
Q3 25
$40.4M
$57.9M
Q2 25
$50.9M
$42.0M
Q1 25
$157.9M
$34.8M
Q4 24
$372.8M
$43.7M
Q3 24
$112.8M
$34.4M
Q2 24
$75.9M
$31.1M
Q1 24
$147.0M
$24.7M
Free Cash Flow
APAM
APAM
ZETA
ZETA
Q4 25
$171.6M
$60.9M
Q3 25
$40.4M
$52.4M
Q2 25
$50.9M
$39.7M
Q1 25
$157.7M
$32.1M
Q4 24
$371.3M
$35.4M
Q3 24
$112.4M
$29.5M
Q2 24
$75.2M
$24.4M
Q1 24
$146.9M
$18.9M
FCF Margin
APAM
APAM
ZETA
ZETA
Q4 25
51.2%
15.4%
Q3 25
13.4%
15.6%
Q2 25
18.0%
12.9%
Q1 25
56.9%
12.1%
Q4 24
125.0%
11.3%
Q3 24
40.2%
11.0%
Q2 24
27.8%
10.7%
Q1 24
55.6%
9.7%
Capex Intensity
APAM
APAM
ZETA
ZETA
Q4 25
0.1%
0.8%
Q3 25
0.0%
1.6%
Q2 25
0.0%
0.8%
Q1 25
0.1%
1.0%
Q4 24
0.5%
2.6%
Q3 24
0.1%
1.8%
Q2 24
0.2%
3.0%
Q1 24
0.0%
3.0%
Cash Conversion
APAM
APAM
ZETA
ZETA
Q4 25
1.46×
9.81×
Q3 25
0.60×
Q2 25
0.75×
Q1 25
2.58×
Q4 24
4.26×
2.87×
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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