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AlTi Global, Inc.（ALTI）与Artisan Partners Asset Management Inc.（APAM）财务数据对比。点击上方公司名可切换其他公司
Artisan Partners Asset Management Inc.的季度营收约是AlTi Global, Inc.的3.9倍（$335.5M vs $86.6M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs -15.1%，领先50.3%），AlTi Global, Inc.同比增速更快（87.0% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $-52.2M），过去两年AlTi Global, Inc.的营收复合增速更高（30.6% vs 12.7%）
该公司原名Cristal Global，是全球第二大二氧化钛生产商，同时也是钛化学品的龙头供应商，由原国家二氧化钛有限公司与 Millennium Chemicals 合并组建而成，总部设于沙特阿拉伯吉达。该公司是全球第五大二氧化钛原料生产商Bemax的重要股东。
阿蒂森伙伴资产管理公司（Artisan Partners）是总部位于美国威斯康星州密尔沃基的资产管理机构，除美国本土外，还在都柏林、香港、伦敦、新加坡、悉尼设有办公室，为全球客户提供专业的资产管理服务。
ALTI vs APAM — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.6M | $335.5M |
| 净利润 | $-13.1M | $118.1M |
| 毛利率 | — | — |
| 营业利润率 | -2.1% | 39.2% |
| 净利率 | -15.1% | 35.2% |
| 营收同比 | 87.0% | 12.9% |
| 净利润同比 | 75.6% | 34.9% |
| 每股收益（稀释后） | — | $1.36 |
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
| Q4 25 | $86.6M | $335.5M | ||
| Q3 25 | $57.2M | $301.3M | ||
| Q2 25 | $53.1M | $282.7M | ||
| Q1 25 | $58.0M | $277.1M | ||
| Q4 24 | $46.3M | $297.1M | ||
| Q3 24 | $51.8M | $279.6M | ||
| Q2 24 | $49.5M | $270.8M | ||
| Q1 24 | $50.8M | $264.4M |
| Q4 25 | $-13.1M | $118.1M | ||
| Q3 25 | $-84.1M | $66.8M | ||
| Q2 25 | $-24.4M | $67.6M | ||
| Q1 25 | $1.9M | $61.1M | ||
| Q4 24 | $-53.8M | $87.5M | ||
| Q3 24 | $-72.5M | $73.0M | ||
| Q2 24 | $-6.4M | $57.6M | ||
| Q1 24 | $29.7M | $59.5M |
| Q4 25 | -2.1% | 39.2% | ||
| Q3 25 | -49.8% | 33.8% | ||
| Q2 25 | -56.7% | 28.2% | ||
| Q1 25 | -23.3% | 31.2% | ||
| Q4 24 | -42.7% | 36.7% | ||
| Q3 24 | -18.4% | 33.3% | ||
| Q2 24 | -30.2% | 32.0% | ||
| Q1 24 | -28.9% | 29.4% |
| Q4 25 | -15.1% | 35.2% | ||
| Q3 25 | -147.0% | 22.2% | ||
| Q2 25 | -45.9% | 23.9% | ||
| Q1 25 | 3.3% | 22.1% | ||
| Q4 24 | -116.1% | 29.5% | ||
| Q3 24 | -140.0% | 26.1% | ||
| Q2 24 | -12.9% | 21.3% | ||
| Q1 24 | 58.4% | 22.5% |
| Q4 25 | — | $1.36 | ||
| Q3 25 | — | $0.93 | ||
| Q2 25 | $-0.33 | $0.94 | ||
| Q1 25 | $-0.04 | $0.82 | ||
| Q4 24 | $-0.71 | $0.99 | ||
| Q3 24 | $-0.88 | $1.03 | ||
| Q2 24 | $-0.18 | $0.80 | ||
| Q1 24 | $0.18 | $0.84 |
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 | $41.2M | — |
| 总债务越低越好 | $883.0K | $190.0M |
| 股东权益账面价值 | $600.1M | $438.8M |
| 总资产 | $1.2B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.43× |
8季度趋势，按日历期对齐
| Q4 25 | $41.2M | — | ||
| Q3 25 | $35.8M | — | ||
| Q2 25 | $42.4M | — | ||
| Q1 25 | $52.8M | — | ||
| Q4 24 | $64.4M | — | ||
| Q3 24 | $220.6M | — | ||
| Q2 24 | $60.0M | — | ||
| Q1 24 | $134.2M | — |
| Q4 25 | $883.0K | $190.0M | ||
| Q3 25 | $586.0K | $190.0M | ||
| Q2 25 | $673.0K | $200.0M | ||
| Q1 25 | — | $200.0M | ||
| Q4 24 | $0 | $200.0M | ||
| Q3 24 | $128.4M | $200.0M | ||
| Q2 24 | $164.0M | $200.0M | ||
| Q1 24 | $183.7M | $200.0M |
| Q4 25 | $600.1M | $438.8M | ||
| Q3 25 | $607.2M | $402.1M | ||
| Q2 25 | $685.4M | $381.8M | ||
| Q1 25 | $665.2M | $356.5M | ||
| Q4 24 | $658.4M | $388.9M | ||
| Q3 24 | $707.0M | $372.1M | ||
| Q2 24 | $540.2M | $341.2M | ||
| Q1 24 | $510.9M | $320.3M |
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
| Q4 25 | 0.00× | 0.43× | ||
| Q3 25 | 0.00× | 0.47× | ||
| Q2 25 | 0.00× | 0.52× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | 0.00× | 0.51× | ||
| Q3 24 | 0.18× | 0.54× | ||
| Q2 24 | 0.30× | 0.59× | ||
| Q1 24 | 0.36× | 0.62× |
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 | $-51.4M | $172.0M |
| 自由现金流经营现金流 - 资本支出 | $-52.2M | $171.6M |
| 自由现金流率自由现金流/营收 | -60.3% | 51.2% |
| 资本支出强度资本支出/营收 | 0.9% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.46× |
| 过去12个月自由现金流最近4个季度 | — | $420.6M |
8季度趋势，按日历期对齐
| Q4 25 | $-51.4M | $172.0M | ||
| Q3 25 | $-53.5M | $40.4M | ||
| Q2 25 | $-19.9M | $50.9M | ||
| Q1 25 | $-30.2M | $157.9M | ||
| Q4 24 | $-50.7M | $372.8M | ||
| Q3 24 | $-4.9M | $112.8M | ||
| Q2 24 | $-30.2M | $75.9M | ||
| Q1 24 | $-15.5M | $147.0M |
| Q4 25 | $-52.2M | $171.6M | ||
| Q3 25 | — | $40.4M | ||
| Q2 25 | $-20.0M | $50.9M | ||
| Q1 25 | $-31.0M | $157.7M | ||
| Q4 24 | $-58.2M | $371.3M | ||
| Q3 24 | $-9.4M | $112.4M | ||
| Q2 24 | $-31.2M | $75.2M | ||
| Q1 24 | $-15.7M | $146.9M |
| Q4 25 | -60.3% | 51.2% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | -37.6% | 18.0% | ||
| Q1 25 | -53.4% | 56.9% | ||
| Q4 24 | -125.7% | 125.0% | ||
| Q3 24 | -18.2% | 40.2% | ||
| Q2 24 | -63.2% | 27.8% | ||
| Q1 24 | -30.9% | 55.6% |
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.0% | 0.0% | ||
| Q1 25 | 1.3% | 0.1% | ||
| Q4 24 | 16.3% | 0.5% | ||
| Q3 24 | 8.7% | 0.1% | ||
| Q2 24 | 2.2% | 0.2% | ||
| Q1 24 | 0.4% | 0.0% |
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | -15.80× | 2.58× | ||
| Q4 24 | — | 4.26× | ||
| Q3 24 | — | 1.54× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | -0.52× | 2.47× |
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
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
APAM
暂无分部数据
