vs
Artisan Partners Asset Management Inc.（APAM）与阿波罗全球管理（APO）财务数据对比。点击上方公司名可切换其他公司
阿波罗全球管理的季度营收约是Artisan Partners Asset Management Inc.的29.4倍（$9.9B vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 6.9%，领先28.3%），阿波罗全球管理同比增速更快（86.7% vs 12.9%），过去两年阿波罗全球管理的营收复合增速更高（18.4% vs 12.7%）
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。
阿波罗全球管理是美国头部另类资产管理机构，截至2025年总资产管理规模达8400亿美元，业务涵盖3920亿美元的信贷类资产（含夹层资本、对冲基金、不良贷款、担保贷款凭证等）、990亿美元私募股权，以及462亿美元的地产、基建等实体资产，为全球客户提供专业资产管理服务。
APAM vs APO — 直观对比
营收规模更大
APO
是对方的29.4倍
$335.5M
营收增速更快
APO
高出73.8%
12.9%
净利率更高
APAM
高出28.3%
6.9%
两年增速更快
APO
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $9.9B |
| 净利润 | $118.1M | $684.0M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 17.8% |
| 净利率 | 35.2% | 6.9% |
| 营收同比 | 12.9% | 86.7% |
| 净利润同比 | 34.9% | -54.0% |
| 每股收益（稀释后） | $1.36 | $1.09 |
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APAMAPO
| Q4 25 | $335.5M | $9.9B | ||
| Q3 25 | $301.3M | $9.8B | ||
| Q2 25 | $282.7M | $6.8B | ||
| Q1 25 | $277.1M | $5.5B | ||
| Q4 24 | $297.1M | $5.3B | ||
| Q3 24 | $279.6M | $7.8B | ||
| Q2 24 | $270.8M | $6.0B | ||
| Q1 24 | $264.4M | $7.0B |
净利润APAMAPO
| Q4 25 | $118.1M | $684.0M | ||
| Q3 25 | $66.8M | $1.7B | ||
| Q2 25 | $67.6M | $630.0M | ||
| Q1 25 | $61.1M | $442.0M | ||
| Q4 24 | $87.5M | $1.5B | ||
| Q3 24 | $73.0M | $811.0M | ||
| Q2 24 | $57.6M | $853.0M | ||
| Q1 24 | $59.5M | $1.4B |
营业利润率APAMAPO
| Q4 25 | 39.2% | 17.8% | ||
| Q3 25 | 33.8% | 29.5% | ||
| Q2 25 | 28.2% | 12.4% | ||
| Q1 25 | 31.2% | 21.3% | ||
| Q4 24 | 36.7% | 32.6% | ||
| Q3 24 | 33.3% | 26.8% | ||
| Q2 24 | 32.0% | 23.9% | ||
| Q1 24 | 29.4% | 31.1% |
净利率APAMAPO
| Q4 25 | 35.2% | 6.9% | ||
| Q3 25 | 22.2% | 17.7% | ||
| Q2 25 | 23.9% | 9.2% | ||
| Q1 25 | 22.1% | 8.0% | ||
| Q4 24 | 29.5% | 28.1% | ||
| Q3 24 | 26.1% | 10.4% | ||
| Q2 24 | 21.3% | 14.2% | ||
| Q1 24 | 22.5% | 20.3% |
每股收益（稀释后）APAMAPO
| Q4 25 | $1.36 | $1.09 | ||
| Q3 25 | $0.93 | $2.78 | ||
| Q2 25 | $0.94 | $0.99 | ||
| Q1 25 | $0.82 | $0.68 | ||
| Q4 24 | $0.99 | $2.41 | ||
| Q3 24 | $1.03 | $1.29 | ||
| Q2 24 | $0.80 | $1.35 | ||
| Q1 24 | $0.84 | $2.28 |
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 | $190.0M | $13.4B |
| 股东权益账面价值 | $438.8M | $23.3B |
| 总资产 | $1.6B | $460.9B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.57× |
8季度趋势，按日历期对齐
总债务APAMAPO
| Q4 25 | $190.0M | $13.4B | ||
| Q3 25 | $190.0M | $12.6B | ||
| Q2 25 | $200.0M | $12.1B | ||
| Q1 25 | $200.0M | $10.6B | ||
| Q4 24 | $200.0M | $10.6B | ||
| Q3 24 | $200.0M | $9.8B | ||
| Q2 24 | $200.0M | $9.8B | ||
| Q1 24 | $200.0M | $9.6B |
股东权益APAMAPO
| Q4 25 | $438.8M | $23.3B | ||
| Q3 25 | $402.1M | $23.1B | ||
| Q2 25 | $381.8M | $19.3B | ||
| Q1 25 | $356.5M | $18.0B | ||
| Q4 24 | $388.9M | $17.3B | ||
| Q3 24 | $372.1M | $17.9B | ||
| Q2 24 | $341.2M | $15.3B | ||
| Q1 24 | $320.3M | $14.8B |
总资产APAMAPO
| Q4 25 | $1.6B | $460.9B | ||
| Q3 25 | $1.6B | $449.5B | ||
| Q2 25 | $1.4B | $419.6B | ||
| Q1 25 | $1.4B | $395.0B | ||
| Q4 24 | $1.6B | $377.9B | ||
| Q3 24 | $1.6B | $368.7B | ||
| Q2 24 | $1.5B | $346.5B | ||
| Q1 24 | $1.5B | $334.1B |
负债/权益比APAMAPO
| Q4 25 | 0.43× | 0.57× | ||
| Q3 25 | 0.47× | 0.55× | ||
| Q2 25 | 0.52× | 0.63× | ||
| Q1 25 | 0.56× | 0.59× | ||
| Q4 24 | 0.51× | 0.61× | ||
| Q3 24 | 0.54× | 0.55× | ||
| Q2 24 | 0.59× | 0.64× | ||
| Q1 24 | 0.62× | 0.65× |
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 | $172.0M | $4.7B |
| 自由现金流经营现金流 - 资本支出 | $171.6M | — |
| 自由现金流率自由现金流/营收 | 51.2% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 1.46× | 6.83× |
| 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
经营现金流APAMAPO
| Q4 25 | $172.0M | $4.7B | ||
| Q3 25 | $40.4M | $303.0M | ||
| Q2 25 | $50.9M | $1.3B | ||
| Q1 25 | $157.9M | $1.0B | ||
| Q4 24 | $372.8M | $-4.0M | ||
| Q3 24 | $112.8M | $1.9B | ||
| Q2 24 | $75.9M | $1.3B | ||
| Q1 24 | $147.0M | $70.0M |
自由现金流APAMAPO
| Q4 25 | $171.6M | — | ||
| Q3 25 | $40.4M | — | ||
| Q2 25 | $50.9M | — | ||
| Q1 25 | $157.7M | — | ||
| Q4 24 | $371.3M | — | ||
| Q3 24 | $112.4M | — | ||
| Q2 24 | $75.2M | — | ||
| Q1 24 | $146.9M | — |
自由现金流率APAMAPO
| Q4 25 | 51.2% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 18.0% | — | ||
| Q1 25 | 56.9% | — | ||
| Q4 24 | 125.0% | — | ||
| Q3 24 | 40.2% | — | ||
| Q2 24 | 27.8% | — | ||
| Q1 24 | 55.6% | — |
资本支出强度APAMAPO
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.0% | — |
现金转化率APAMAPO
| Q4 25 | 1.46× | 6.83× | ||
| Q3 25 | 0.60× | 0.17× | ||
| Q2 25 | 0.75× | 2.00× | ||
| Q1 25 | 2.58× | 2.29× | ||
| Q4 24 | 4.26× | -0.00× | ||
| Q3 24 | 1.54× | 2.29× | ||
| Q2 24 | 1.32× | 1.56× | ||
| Q1 24 | 2.47× | 0.05× |
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
APAM
暂无分部数据
APO
| Retirement Services Segment | $8.5B | 86% |
| Asset Management1 | $681.0M | 7% |
| Principal Investing Segment | $624.0M | 6% |
| Management Service Incentive | $96.0M | 1% |
