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Artisan Partners Asset Management Inc.（APAM）与AeroVironment Inc（AVAV）财务数据对比。点击上方公司名可切换其他公司
AeroVironment Inc的季度营收约是Artisan Partners Asset Management Inc.的1.4倍（$472.5M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs -3.6%，领先38.8%），AeroVironment Inc同比增速更快（181.9% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $-55.9M），过去两年AeroVironment Inc的营收复合增速更高（59.1% 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。
AeroVironment是1971年由人力飞机设计师保罗·麦克里迪创立的美国国防科技企业，总部位于弗吉尼亚州阿灵顿，专注于自主系统、反无人机系统及航天系统的研发制造，为美国国防部及多国军方供应渡鸦、弹簧刀、黄蜂、美洲狮等系列中小型无人机产品。
APAM vs AVAV — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $472.5M |
| 净利润 | $118.1M | $-17.1M |
| 毛利率 | — | 22.0% |
| 营业利润率 | 39.2% | -6.4% |
| 净利率 | 35.2% | -3.6% |
| 营收同比 | 12.9% | 181.9% |
| 净利润同比 | 34.9% | -875.1% |
| 每股收益（稀释后） | $1.36 | $-0.34 |
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 | $335.5M | $472.5M | ||
| Q3 25 | $301.3M | $454.7M | ||
| Q2 25 | $282.7M | $275.1M | ||
| Q1 25 | $277.1M | $167.6M | ||
| Q4 24 | $297.1M | $188.5M | ||
| Q3 24 | $279.6M | $189.5M | ||
| Q2 24 | $270.8M | $197.0M | ||
| Q1 24 | $264.4M | $186.6M |
| Q4 25 | $118.1M | $-17.1M | ||
| Q3 25 | $66.8M | $-67.4M | ||
| Q2 25 | $67.6M | $16.7M | ||
| Q1 25 | $61.1M | $-1.8M | ||
| Q4 24 | $87.5M | $7.5M | ||
| Q3 24 | $73.0M | $21.2M | ||
| Q2 24 | $57.6M | $6.0M | ||
| Q1 24 | $59.5M | $13.9M |
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | 36.5% | ||
| Q1 25 | — | 37.7% | ||
| Q4 24 | — | 39.1% | ||
| Q3 24 | — | 43.0% | ||
| Q2 24 | — | 38.4% | ||
| Q1 24 | — | 36.1% |
| Q4 25 | 39.2% | -6.4% | ||
| Q3 25 | 33.8% | -15.2% | ||
| Q2 25 | 28.2% | 5.0% | ||
| Q1 25 | 31.2% | -1.8% | ||
| Q4 24 | 36.7% | 3.7% | ||
| Q3 24 | 33.3% | 12.2% | ||
| Q2 24 | 32.0% | 3.0% | ||
| Q1 24 | 29.4% | 7.7% |
| Q4 25 | 35.2% | -3.6% | ||
| Q3 25 | 22.2% | -14.8% | ||
| Q2 25 | 23.9% | 6.1% | ||
| Q1 25 | 22.1% | -1.0% | ||
| Q4 24 | 29.5% | 4.0% | ||
| Q3 24 | 26.1% | 11.2% | ||
| Q2 24 | 21.3% | 3.1% | ||
| Q1 24 | 22.5% | 7.4% |
| Q4 25 | $1.36 | $-0.34 | ||
| Q3 25 | $0.93 | $-1.44 | ||
| Q2 25 | $0.94 | $0.59 | ||
| Q1 25 | $0.82 | $-0.06 | ||
| Q4 24 | $0.99 | $0.27 | ||
| Q3 24 | $1.03 | $0.75 | ||
| Q2 24 | $0.80 | $0.18 | ||
| Q1 24 | $0.84 | $0.50 |
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 | — | $588.5M |
| 总债务越低越好 | $190.0M | $747.5M |
| 股东权益账面价值 | $438.8M | $4.4B |
| 总资产 | $1.6B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.17× |
8季度趋势，按日历期对齐
| Q4 25 | — | $588.5M | ||
| Q3 25 | — | $685.8M | ||
| Q2 25 | — | $40.9M | ||
| Q1 25 | — | $47.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | — | $81.2M | ||
| Q2 24 | — | $73.3M | ||
| Q1 24 | — | $107.7M |
| Q4 25 | $190.0M | $747.5M | ||
| Q3 25 | $190.0M | $747.5M | ||
| Q2 25 | $200.0M | $30.0M | ||
| Q1 25 | $200.0M | $25.0M | ||
| Q4 24 | $200.0M | $15.0M | ||
| Q3 24 | $200.0M | $17.5M | ||
| Q2 24 | $200.0M | $28.0M | ||
| Q1 24 | $200.0M | $40.0M |
| Q4 25 | $438.8M | $4.4B | ||
| Q3 25 | $402.1M | $4.4B | ||
| Q2 25 | $381.8M | $886.5M | ||
| Q1 25 | $356.5M | $861.1M | ||
| Q4 24 | $388.9M | $858.4M | ||
| Q3 24 | $372.1M | $845.5M | ||
| Q2 24 | $341.2M | $822.7M | ||
| Q1 24 | $320.3M | $813.0M |
| Q4 25 | $1.6B | $5.6B | ||
| Q3 25 | $1.6B | $5.6B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.6B | $999.2M | ||
| Q2 24 | $1.5B | $1.0B | ||
| Q1 24 | $1.5B | $980.3M |
| Q4 25 | 0.43× | 0.17× | ||
| Q3 25 | 0.47× | 0.17× | ||
| Q2 25 | 0.52× | 0.03× | ||
| Q1 25 | 0.56× | 0.03× | ||
| Q4 24 | 0.51× | 0.02× | ||
| Q3 24 | 0.54× | 0.02× | ||
| Q2 24 | 0.59× | 0.03× | ||
| Q1 24 | 0.62× | 0.05× |
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 | $-45.1M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $-55.9M |
| 自由现金流率自由现金流/营收 | 51.2% | -11.8% |
| 资本支出强度资本支出/营收 | 0.1% | 2.3% |
| 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 | $-240.7M |
8季度趋势，按日历期对齐
| Q4 25 | $172.0M | $-45.1M | ||
| Q3 25 | $40.4M | $-123.7M | ||
| Q2 25 | $50.9M | $-264.0K | ||
| Q1 25 | $157.9M | $-25.8M | ||
| Q4 24 | $372.8M | $-3.6M | ||
| Q3 24 | $112.8M | $28.4M | ||
| Q2 24 | $75.9M | $-11.7M | ||
| Q1 24 | $147.0M | $52.6M |
| Q4 25 | $171.6M | $-55.9M | ||
| Q3 25 | $40.4M | $-146.5M | ||
| Q2 25 | $50.9M | $-8.8M | ||
| Q1 25 | $157.7M | $-29.6M | ||
| Q4 24 | $371.3M | $-8.7M | ||
| Q3 24 | $112.4M | $22.9M | ||
| Q2 24 | $75.2M | $-20.8M | ||
| Q1 24 | $146.9M | $48.8M |
| Q4 25 | 51.2% | -11.8% | ||
| Q3 25 | 13.4% | -32.2% | ||
| Q2 25 | 18.0% | -3.2% | ||
| Q1 25 | 56.9% | -17.7% | ||
| Q4 24 | 125.0% | -4.6% | ||
| Q3 24 | 40.2% | 12.1% | ||
| Q2 24 | 27.8% | -10.5% | ||
| Q1 24 | 55.6% | 26.1% |
| Q4 25 | 0.1% | 2.3% | ||
| Q3 25 | 0.0% | 5.0% | ||
| Q2 25 | 0.0% | 3.1% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.5% | 2.7% | ||
| Q3 24 | 0.1% | 2.9% | ||
| Q2 24 | 0.2% | 4.6% | ||
| Q1 24 | 0.0% | 2.0% |
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.75× | -0.02× | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | -0.48× | ||
| Q3 24 | 1.54× | 1.34× | ||
| Q2 24 | 1.32× | -1.93× | ||
| Q1 24 | 2.47× | 3.79× |
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
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
