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Acadian Asset Management Inc.（AAMI）与德太投资（TPG）财务数据对比。点击上方公司名可切换其他公司
德太投资的季度营收约是Acadian Asset Management Inc.的4.2倍（$715.1M vs $172.2M）。Acadian Asset Management Inc.净利率更高（20.2% vs 10.8%，领先9.4%）。德太投资同比增速更快（35.6% vs 2.6%）。过去两年Acadian Asset Management Inc.的营收复合增速更高（27.6% vs 18.1%）
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。
TPG Inc.（原称德州太平洋集团、TPG Capital）是总部位于美国得克萨斯州沃斯堡的私募股权投资机构，旗下管理的基金覆盖成长资本、风险投资、公开股权、债权投资等品类，投资领域包含消费零售、传媒电信、工业、科技、旅游休闲、医疗健康等多个赛道。
AAMI vs TPG — 直观对比
营收规模更大
TPG
是对方的4.2倍
$172.2M
营收增速更快
TPG
高出33.0%
2.6%
净利率更高
AAMI
高出9.4%
10.8%
两年增速更快
AAMI
近两年复合增速
18.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $172.2M | $715.1M |
| 净利润 | $34.7M | $77.1M |
| 毛利率 | — | — |
| 营业利润率 | 33.3% | — |
| 净利率 | 20.2% | 10.8% |
| 营收同比 | 2.6% | 35.6% |
| 净利润同比 | -18.4% | 494.1% |
| 每股收益（稀释后） | $0.97 | $0.30 |
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AAMITPG
| Q4 25 | $172.2M | $715.1M | ||
| Q3 25 | $144.2M | $596.5M | ||
| Q2 25 | $127.4M | $569.1M | ||
| Q1 25 | $119.9M | $543.5M | ||
| Q4 24 | $167.8M | $527.2M | ||
| Q3 24 | $123.1M | $524.7M | ||
| Q2 24 | $109.0M | $522.8M | ||
| Q1 24 | $105.7M | $512.3M |
净利润AAMITPG
| Q4 25 | $34.7M | $77.1M | ||
| Q3 25 | $15.1M | $67.1M | ||
| Q2 25 | $10.1M | $14.9M | ||
| Q1 25 | $20.1M | $25.4M | ||
| Q4 24 | $42.5M | $13.0M | ||
| Q3 24 | $16.9M | $9.0M | ||
| Q2 24 | $11.0M | $-14.0M | ||
| Q1 24 | $14.6M | $15.5M |
营业利润率AAMITPG
| Q4 25 | 33.3% | — | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | 12.7% | — | ||
| Q1 25 | 26.6% | — | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 21.9% | — | ||
| Q2 24 | 18.9% | — | ||
| Q1 24 | 21.7% | — |
净利率AAMITPG
| Q4 25 | 20.2% | 10.8% | ||
| Q3 25 | 10.5% | 11.3% | ||
| Q2 25 | 7.9% | 2.6% | ||
| Q1 25 | 16.8% | 4.7% | ||
| Q4 24 | 25.3% | 2.5% | ||
| Q3 24 | 13.7% | 1.7% | ||
| Q2 24 | 10.1% | -2.7% | ||
| Q1 24 | 13.8% | 3.0% |
每股收益（稀释后）AAMITPG
| Q4 25 | $0.97 | $0.30 | ||
| Q3 25 | $0.42 | $0.20 | ||
| Q2 25 | $0.28 | $-0.05 | ||
| Q1 25 | $0.54 | $0.00 | ||
| Q4 24 | $1.11 | $-0.04 | ||
| Q3 24 | $0.45 | $-0.08 | ||
| Q2 24 | $0.29 | $-0.19 | ||
| Q1 24 | $0.37 | $-0.11 |
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 | — | $826.1M |
| 总债务越低越好 | $200.0M | $1.7B |
| 股东权益账面价值 | — | $4.1B |
| 总资产 | $677.0M | $13.5B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资AAMITPG
| Q4 25 | — | $826.1M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $822.0M | ||
| Q4 24 | — | $808.0M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
总债务AAMITPG
| Q4 25 | $200.0M | $1.7B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $275.0M | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益AAMITPG
| Q4 25 | — | $4.1B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.3B |
总资产AAMITPG
| Q4 25 | $677.0M | $13.5B | ||
| Q3 25 | $751.4M | $13.0B | ||
| Q2 25 | $672.3M | $12.0B | ||
| Q1 25 | $677.3M | $11.3B | ||
| Q4 24 | $703.2M | $10.5B | ||
| Q3 24 | $555.2M | $10.5B | ||
| Q2 24 | $533.1M | $10.1B | ||
| Q1 24 | $544.9M | $9.9B |
负债/权益比AAMITPG
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.37× |
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 | $-43.7M |
| 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× | -0.57× |
| 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AAMITPG
| Q4 25 | $8.7M | $-43.7M | ||
| Q3 25 | $-23.9M | $492.0M | ||
| Q2 25 | $61.6M | $385.9M | ||
| Q1 25 | $-48.8M | $198.2M | ||
| Q4 24 | $-19.1M | $-188.1M | ||
| Q3 24 | $69.6M | $68.9M | ||
| Q2 24 | $45.7M | $214.6M | ||
| Q1 24 | $-40.4M | $436.7M |
现金转化率AAMITPG
| Q4 25 | 0.25× | -0.57× | ||
| Q3 25 | -1.58× | 7.33× | ||
| Q2 25 | 6.10× | 25.83× | ||
| Q1 25 | -2.43× | 7.80× | ||
| Q4 24 | -0.45× | -14.49× | ||
| Q3 24 | 4.12× | 7.69× | ||
| Q2 24 | 4.15× | — | ||
| Q1 24 | -2.77× | 28.14× |
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
TPG
| Management Fees | $484.4M | 68% |
| Transaction Fees | $118.6M | 17% |
| Expense Reimbursements And Other | $76.3M | 11% |
| Incentive Fees | $29.0M | 4% |
| Monitoring Fees | $6.8M | 1% |
