vs
Artisan Partners Asset Management Inc.（APAM）与BLACKBAUD INC（BLKB）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BLACKBAUD INC的1.1倍（$335.5M vs $295.3M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 12.4%，领先22.8%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs -2.3%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $55.0M），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 3.0%）
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。
Blackbaud是全球知名的云服务提供商，专注为非营利组织、基金会、企业、教育机构、医疗机构、宗教团体及个人公益推动者提供技术支持，旗下产品覆盖筹款、网站管理、客户关系管理、数据分析、财务管理、票务系统、教育管理等多元场景。
APAM vs BLKB — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $295.3M |
| 净利润 | $118.1M | $36.7M |
| 毛利率 | — | 58.3% |
| 营业利润率 | 39.2% | 20.0% |
| 净利率 | 35.2% | 12.4% |
| 营收同比 | 12.9% | -2.3% |
| 净利润同比 | 34.9% | 110.6% |
| 每股收益（稀释后） | $1.36 | $0.75 |
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 | $295.3M | ||
| Q3 25 | $301.3M | $281.1M | ||
| Q2 25 | $282.7M | $282.0M | ||
| Q1 25 | $277.1M | $269.9M | ||
| Q4 24 | $297.1M | $302.1M | ||
| Q3 24 | $279.6M | $286.6M | ||
| Q2 24 | $270.8M | $287.3M | ||
| Q1 24 | $264.4M | $278.6M |
| Q4 25 | $118.1M | $36.7M | ||
| Q3 25 | $66.8M | $47.5M | ||
| Q2 25 | $67.6M | $26.5M | ||
| Q1 25 | $61.1M | $4.3M | ||
| Q4 24 | $87.5M | $-346.4M | ||
| Q3 24 | $73.0M | $18.3M | ||
| Q2 24 | $57.6M | $21.2M | ||
| Q1 24 | $59.5M | $7.3M |
| Q4 25 | — | 58.3% | ||
| Q3 25 | — | 59.6% | ||
| Q2 25 | — | 59.7% | ||
| Q1 25 | — | 57.5% | ||
| Q4 24 | — | 53.8% | ||
| Q3 24 | — | 54.9% | ||
| Q2 24 | — | 56.0% | ||
| Q1 24 | — | 54.1% |
| Q4 25 | 39.2% | 20.0% | ||
| Q3 25 | 33.8% | 19.4% | ||
| Q2 25 | 28.2% | 20.3% | ||
| Q1 25 | 31.2% | 7.3% | ||
| Q4 24 | 36.7% | -121.5% | ||
| Q3 24 | 33.3% | 14.4% | ||
| Q2 24 | 32.0% | 14.4% | ||
| Q1 24 | 29.4% | 4.8% |
| Q4 25 | 35.2% | 12.4% | ||
| Q3 25 | 22.2% | 16.9% | ||
| Q2 25 | 23.9% | 9.4% | ||
| Q1 25 | 22.1% | 1.6% | ||
| Q4 24 | 29.5% | -114.6% | ||
| Q3 24 | 26.1% | 6.4% | ||
| Q2 24 | 21.3% | 7.4% | ||
| Q1 24 | 22.5% | 2.6% |
| Q4 25 | $1.36 | $0.75 | ||
| Q3 25 | $0.93 | $0.98 | ||
| Q2 25 | $0.94 | $0.55 | ||
| Q1 25 | $0.82 | $0.09 | ||
| Q4 24 | $0.99 | $-6.82 | ||
| Q3 24 | $1.03 | $0.35 | ||
| Q2 24 | $0.80 | $0.41 | ||
| Q1 24 | $0.84 | $0.14 |
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 | — | $38.9M |
| 总债务越低越好 | $190.0M | $1.1B |
| 股东权益账面价值 | $438.8M | $85.1M |
| 总资产 | $1.6B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.43× | 13.06× |
8季度趋势，按日历期对齐
| Q4 25 | — | $38.9M | ||
| Q3 25 | — | $38.3M | ||
| Q2 25 | — | $41.6M | ||
| Q1 25 | — | $37.2M | ||
| Q4 24 | — | $67.6M | ||
| Q3 24 | — | $34.6M | ||
| Q2 24 | — | $30.4M | ||
| Q1 24 | — | $26.4M |
| Q4 25 | $190.0M | $1.1B | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | $1.1B | ||
| Q3 24 | $200.0M | $1.0B | ||
| Q2 24 | $200.0M | $1.0B | ||
| Q1 24 | $200.0M | — |
| Q4 25 | $438.8M | $85.1M | ||
| Q3 25 | $402.1M | $108.2M | ||
| Q2 25 | $381.8M | $72.7M | ||
| Q1 25 | $356.5M | $17.5M | ||
| Q4 24 | $388.9M | $126.8M | ||
| Q3 24 | $372.1M | $544.8M | ||
| Q2 24 | $341.2M | $577.5M | ||
| Q1 24 | $320.3M | $534.0M |
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.6B | $2.1B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.6B | $2.5B | ||
| Q3 24 | $1.6B | $2.6B | ||
| Q2 24 | $1.5B | $3.0B | ||
| Q1 24 | $1.5B | $2.5B |
| Q4 25 | 0.43× | 13.06× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.51× | 8.50× | ||
| Q3 24 | 0.54× | 1.84× | ||
| Q2 24 | 0.59× | 1.78× | ||
| 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 | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $55.0M |
| 自由现金流率自由现金流/营收 | 51.2% | 18.6% |
| 资本支出强度资本支出/营收 | 0.1% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.58× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $257.8M |
8季度趋势，按日历期对齐
| Q4 25 | $172.0M | $58.0M | ||
| Q3 25 | $40.4M | $139.2M | ||
| Q2 25 | $50.9M | $66.9M | ||
| Q1 25 | $157.9M | $1.4M | ||
| Q4 24 | $372.8M | $73.6M | ||
| Q3 24 | $112.8M | $104.0M | ||
| Q2 24 | $75.9M | $53.1M | ||
| Q1 24 | $147.0M | $65.3M |
| Q4 25 | $171.6M | $55.0M | ||
| Q3 25 | $40.4M | $135.7M | ||
| Q2 25 | $50.9M | $66.3M | ||
| Q1 25 | $157.7M | $712.0K | ||
| Q4 24 | $371.3M | $73.4M | ||
| Q3 24 | $112.4M | $102.9M | ||
| Q2 24 | $75.2M | $48.0M | ||
| Q1 24 | $146.9M | $64.3M |
| Q4 25 | 51.2% | 18.6% | ||
| Q3 25 | 13.4% | 48.3% | ||
| Q2 25 | 18.0% | 23.5% | ||
| Q1 25 | 56.9% | 0.3% | ||
| Q4 24 | 125.0% | 24.3% | ||
| Q3 24 | 40.2% | 35.9% | ||
| Q2 24 | 27.8% | 16.7% | ||
| Q1 24 | 55.6% | 23.1% |
| Q4 25 | 0.1% | 1.0% | ||
| Q3 25 | 0.0% | 1.2% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.1% | 0.3% | ||
| Q4 24 | 0.5% | 0.1% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | 0.2% | 1.8% | ||
| Q1 24 | 0.0% | 0.4% |
| Q4 25 | 1.46× | 1.58× | ||
| Q3 25 | 0.60× | 2.93× | ||
| Q2 25 | 0.75× | 2.53× | ||
| Q1 25 | 2.58× | 0.32× | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | 5.69× | ||
| Q2 24 | 1.32× | 2.50× | ||
| Q1 24 | 2.47× | 8.94× |
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
BLKB
| Contractual Recurring | $182.7M | 62% |
| Transactional Recurring | $108.0M | 37% |
| One Time Services And Other | $4.5M | 2% |
