vs
Acadian Asset Management Inc.（AAMI）与Ares Management Corp（ARES）财务数据对比。点击上方公司名可切换其他公司
Ares Management Corp的季度营收约是Acadian Asset Management Inc.的8.7倍（$1.5B vs $172.2M）。Acadian Asset Management Inc.净利率更高（20.2% vs 3.6%，领先16.5%）。Ares Management Corp同比增速更快（19.5% vs 2.6%）。过去两年Ares Management Corp的营收复合增速更高（45.9% vs 27.6%）
Acadian Asset Management Inc.是一家总部位于美国马萨诸塞州波士顿的资产管理机构，专注于为全球机构及个人客户提供专业的投资管理解决方案，在资产管理领域拥有成熟的服务经验与市场布局。
Ares Management Corp是一家全球知名的另类投资管理机构，业务覆盖信贷、私募股权及房地产三大投资领域。公司成立于1997年，在北美、欧洲、亚洲多地设有分支机构，为全球客户提供专业的另类资产管理服务。
AAMI vs ARES — 直观对比
营收规模更大
ARES
是对方的8.7倍
$172.2M
营收增速更快
ARES
高出16.9%
2.6%
净利率更高
AAMI
高出16.5%
3.6%
两年增速更快
ARES
近两年复合增速
27.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $172.2M | $1.5B |
| 净利润 | $34.7M | $54.2M |
| 毛利率 | — | — |
| 营业利润率 | 33.3% | 13.7% |
| 净利率 | 20.2% | 3.6% |
| 营收同比 | 2.6% | 19.5% |
| 净利润同比 | -18.4% | -69.4% |
| 每股收益（稀释后） | $0.97 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AAMIARES
| Q4 25 | $172.2M | $1.5B | ||
| Q3 25 | $144.2M | $1.7B | ||
| Q2 25 | $127.4M | $1.4B | ||
| Q1 25 | $119.9M | $1.1B | ||
| Q4 24 | $167.8M | $1.3B | ||
| Q3 24 | $123.1M | $1.1B | ||
| Q2 24 | $109.0M | $788.7M | ||
| Q1 24 | $105.7M | $707.4M |
净利润AAMIARES
| Q4 25 | $34.7M | $54.2M | ||
| Q3 25 | $15.1M | $288.9M | ||
| Q2 25 | $10.1M | $137.1M | ||
| Q1 25 | $20.1M | $47.2M | ||
| Q4 24 | $42.5M | $177.3M | ||
| Q3 24 | $16.9M | $118.5M | ||
| Q2 24 | $11.0M | $94.9M | ||
| Q1 24 | $14.6M | $73.0M |
营业利润率AAMIARES
| Q4 25 | 33.3% | 13.7% | ||
| Q3 25 | 18.4% | 39.3% | ||
| Q2 25 | 12.7% | 21.3% | ||
| Q1 25 | 26.6% | 13.0% | ||
| Q4 24 | 38.7% | 31.8% | ||
| Q3 24 | 21.9% | 29.0% | ||
| Q2 24 | 18.9% | 40.2% | ||
| Q1 24 | 21.7% | 32.7% |
净利率AAMIARES
| Q4 25 | 20.2% | 3.6% | ||
| Q3 25 | 10.5% | 17.4% | ||
| Q2 25 | 7.9% | 10.2% | ||
| Q1 25 | 16.8% | 4.3% | ||
| Q4 24 | 25.3% | 14.1% | ||
| Q3 24 | 13.7% | 10.5% | ||
| Q2 24 | 10.1% | 12.0% | ||
| Q1 24 | 13.8% | 10.3% |
每股收益（稀释后）AAMIARES
| Q4 25 | $0.97 | — | ||
| Q3 25 | $0.42 | — | ||
| Q2 25 | $0.28 | — | ||
| Q1 25 | $0.54 | — | ||
| Q4 24 | $1.11 | — | ||
| Q3 24 | $0.45 | — | ||
| Q2 24 | $0.29 | — | ||
| Q1 24 | $0.37 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | — |
| 总债务越低越好 | $200.0M | — |
| 股东权益账面价值 | — | $4.3B |
| 总资产 | $677.0M | $28.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
总债务AAMIARES
| Q4 25 | $200.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $275.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AAMIARES
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.8B |
总资产AAMIARES
| Q4 25 | $677.0M | $28.6B | ||
| Q3 25 | $751.4M | $27.0B | ||
| Q2 25 | $672.3M | $27.3B | ||
| Q1 25 | $677.3M | $27.2B | ||
| Q4 24 | $703.2M | $24.9B | ||
| Q3 24 | $555.2M | $24.5B | ||
| Q2 24 | $533.1M | $24.2B | ||
| Q1 24 | $544.9M | $24.4B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $8.7M | $-483.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.25× | -8.92× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AAMIARES
| Q4 25 | $8.7M | $-483.7M | ||
| Q3 25 | $-23.9M | $1.3B | ||
| Q2 25 | $61.6M | $415.7M | ||
| Q1 25 | $-48.8M | $2.0B | ||
| Q4 24 | $-19.1M | $807.6M | ||
| Q3 24 | $69.6M | $841.3M | ||
| Q2 24 | $45.7M | $432.2M | ||
| Q1 24 | $-40.4M | $710.0M |
现金转化率AAMIARES
| Q4 25 | 0.25× | -8.92× | ||
| Q3 25 | -1.58× | 4.64× | ||
| Q2 25 | 6.10× | 3.03× | ||
| Q1 25 | -2.43× | 42.28× | ||
| Q4 24 | -0.45× | 4.55× | ||
| Q3 24 | 4.12× | 7.10× | ||
| Q2 24 | 4.15× | 4.55× | ||
| Q1 24 | -2.77× | 9.72× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AAMI
暂无分部数据
ARES
| Management Service | $991.1M | 66% |
| Management Service Incentive | $206.7M | 14% |
| Carried Interest | $205.4M | 14% |
| Fee Related Performance Revenues | $113.3M | 8% |
