vs
Artisan Partners Asset Management Inc.（APAM）与ASTRONICS CORP（ATRO）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ASTRONICS CORP的1.4倍（$335.5M vs $240.1M），ASTRONICS CORP同比增速更快（15.1% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $15.8M），过去两年ASTRONICS CORP的营收复合增速更高（13.9% 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。
Astronics Corporation是一家成立于1968年的美国航空航天电子企业，总部位于纽约州东奥罗拉，在纳斯达克上市，股票代码为ATRO。该公司专注于军用、商用及公务机的照明与电子系统集成业务，同时还提供半导体测试系统，在相关领域拥有较高知名度。
APAM vs ATRO — 直观对比
营收规模更大
APAM
是对方的1.4倍
$240.1M
营收增速更快
ATRO
高出2.2%
12.9%
自由现金流更多
APAM
多$155.8M
$15.8M
两年增速更快
ATRO
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $240.1M |
| 净利润 | $118.1M | — |
| 毛利率 | — | 33.3% |
| 营业利润率 | 39.2% | 14.8% |
| 净利率 | 35.2% | — |
| 营收同比 | 12.9% | 15.1% |
| 净利润同比 | 34.9% | — |
| 每股收益（稀释后） | $1.36 | $0.82 |
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APAMATRO
| Q4 25 | $335.5M | $240.1M | ||
| Q3 25 | $301.3M | $211.4M | ||
| Q2 25 | $282.7M | $204.7M | ||
| Q1 25 | $277.1M | $205.9M | ||
| Q4 24 | $297.1M | $208.5M | ||
| Q3 24 | $279.6M | $203.7M | ||
| Q2 24 | $270.8M | $198.1M | ||
| Q1 24 | $264.4M | $185.1M |
净利润APAMATRO
| Q4 25 | $118.1M | — | ||
| Q3 25 | $66.8M | $-11.1M | ||
| Q2 25 | $67.6M | $1.3M | ||
| Q1 25 | $61.1M | $9.5M | ||
| Q4 24 | $87.5M | — | ||
| Q3 24 | $73.0M | $-11.7M | ||
| Q2 24 | $57.6M | $1.5M | ||
| Q1 24 | $59.5M | $-3.2M |
毛利率APAMATRO
| Q4 25 | — | 33.3% | ||
| Q3 25 | — | 30.5% | ||
| Q2 25 | — | 25.8% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | — | 25.7% |
营业利润率APAMATRO
| Q4 25 | 39.2% | 14.8% | ||
| Q3 25 | 33.8% | 10.9% | ||
| Q2 25 | 28.2% | 2.3% | ||
| Q1 25 | 31.2% | 6.4% | ||
| Q4 24 | 36.7% | 4.3% | ||
| Q3 24 | 33.3% | 4.1% | ||
| Q2 24 | 32.0% | 3.8% | ||
| Q1 24 | 29.4% | 0.9% |
净利率APAMATRO
| Q4 25 | 35.2% | — | ||
| Q3 25 | 22.2% | -5.2% | ||
| Q2 25 | 23.9% | 0.6% | ||
| Q1 25 | 22.1% | 4.6% | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 26.1% | -5.8% | ||
| Q2 24 | 21.3% | 0.8% | ||
| Q1 24 | 22.5% | -1.7% |
每股收益（稀释后）APAMATRO
| Q4 25 | $1.36 | $0.82 | ||
| Q3 25 | $0.93 | $-0.31 | ||
| Q2 25 | $0.94 | $0.04 | ||
| Q1 25 | $0.82 | $0.26 | ||
| Q4 24 | $0.99 | $-0.07 | ||
| Q3 24 | $1.03 | $-0.34 | ||
| Q2 24 | $0.80 | $0.04 | ||
| Q1 24 | $0.84 | $-0.09 |
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 | — | $18.2M |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $140.1M |
| 总资产 | $1.6B | $706.7M |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资APAMATRO
| Q4 25 | — | $18.2M | ||
| Q3 25 | — | $13.5M | ||
| Q2 25 | — | $13.5M | ||
| Q1 25 | — | $24.8M | ||
| Q4 24 | — | $9.3M | ||
| Q3 24 | — | $5.2M | ||
| Q2 24 | — | $2.9M | ||
| Q1 24 | — | $5.3M |
总债务APAMATRO
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | — |
股东权益APAMATRO
| Q4 25 | $438.8M | $140.1M | ||
| Q3 25 | $402.1M | $108.9M | ||
| Q2 25 | $381.8M | $271.6M | ||
| Q1 25 | $356.5M | $266.8M | ||
| Q4 24 | $388.9M | $256.1M | ||
| Q3 24 | $372.1M | $249.2M | ||
| Q2 24 | $341.2M | $257.9M | ||
| Q1 24 | $320.3M | $251.7M |
总资产APAMATRO
| Q4 25 | $1.6B | $706.7M | ||
| Q3 25 | $1.6B | $682.2M | ||
| Q2 25 | $1.4B | $646.7M | ||
| Q1 25 | $1.4B | $662.2M | ||
| Q4 24 | $1.6B | $648.8M | ||
| Q3 24 | $1.6B | $651.6M | ||
| Q2 24 | $1.5B | $644.9M | ||
| Q1 24 | $1.5B | $630.0M |
负债/权益比APAMATRO
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 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 | $172.0M | $27.6M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $15.8M |
| 自由现金流率自由现金流/营收 | 51.2% | 6.6% |
| 资本支出强度资本支出/营收 | 0.1% | 4.9% |
| 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 | $43.1M |
8季度趋势，按日历期对齐
经营现金流APAMATRO
| Q4 25 | $172.0M | $27.6M | ||
| Q3 25 | $40.4M | $34.2M | ||
| Q2 25 | $50.9M | $-7.6M | ||
| Q1 25 | $157.9M | $20.6M | ||
| Q4 24 | $372.8M | $26.4M | ||
| Q3 24 | $112.8M | $8.4M | ||
| Q2 24 | $75.9M | $-6.3M | ||
| Q1 24 | $147.0M | $2.0M |
自由现金流APAMATRO
| Q4 25 | $171.6M | $15.8M | ||
| Q3 25 | $40.4M | $21.0M | ||
| Q2 25 | $50.9M | $-12.2M | ||
| Q1 25 | $157.7M | $18.5M | ||
| Q4 24 | $371.3M | $23.2M | ||
| Q3 24 | $112.4M | $6.5M | ||
| Q2 24 | $75.2M | $-8.1M | ||
| Q1 24 | $146.9M | $439.0K |
自由现金流率APAMATRO
| Q4 25 | 51.2% | 6.6% | ||
| Q3 25 | 13.4% | 9.9% | ||
| Q2 25 | 18.0% | -6.0% | ||
| Q1 25 | 56.9% | 9.0% | ||
| Q4 24 | 125.0% | 11.1% | ||
| Q3 24 | 40.2% | 3.2% | ||
| Q2 24 | 27.8% | -4.1% | ||
| Q1 24 | 55.6% | 0.2% |
资本支出强度APAMATRO
| Q4 25 | 0.1% | 4.9% | ||
| Q3 25 | 0.0% | 6.2% | ||
| Q2 25 | 0.0% | 2.2% | ||
| Q1 25 | 0.1% | 1.0% | ||
| Q4 24 | 0.5% | 1.5% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 0.2% | 0.9% | ||
| Q1 24 | 0.0% | 0.9% |
现金转化率APAMATRO
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.75× | -5.81× | ||
| Q1 25 | 2.58× | 2.17× | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.32× | -4.08× | ||
| Q1 24 | 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
APAM
暂无分部数据
ATRO
| Product Line Electrical Power And Motion | $113.8M | 47% |
| Product Line Avionics | $32.0M | 13% |
| Military Aircraft | $28.0M | 12% |
| General Aviation | $22.3M | 9% |
| Government And Defense | $20.5M | 9% |
| Product Line Systems Certification | $13.2M | 6% |
| Product Line Structures | $3.7M | 2% |
| Product Line Other | $2.3M | 1% |
