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Artisan Partners Asset Management Inc.（APAM）与Custom Truck One Source, Inc.（CTOS）财务数据对比。点击上方公司名可切换其他公司
Custom Truck One Source, Inc.的季度营收约是Artisan Partners Asset Management Inc.的1.3倍（$422.2M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs -4.2%，领先39.4%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs -8.5%），过去两年Custom Truck One Source, Inc.的营收复合增速更高（14.8% 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。
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
APAM vs CTOS — 直观对比
营收规模更大
CTOS
是对方的1.3倍
$335.5M
营收增速更快
APAM
高出21.5%
-8.5%
净利率更高
APAM
高出39.4%
-4.2%
两年增速更快
CTOS
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $422.2M |
| 净利润 | $118.1M | $-17.8M |
| 毛利率 | — | 20.3% |
| 营业利润率 | 39.2% | 2.9% |
| 净利率 | 35.2% | -4.2% |
| 营收同比 | 12.9% | -8.5% |
| 净利润同比 | 34.9% | -333.7% |
| 每股收益（稀释后） | $1.36 | $-0.08 |
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APAMCTOS
| Q1 26 | — | $422.2M | ||
| Q4 25 | $335.5M | $387.3M | ||
| Q3 25 | $301.3M | $359.9M | ||
| Q2 25 | $282.7M | $392.2M | ||
| Q1 25 | $277.1M | $307.1M | ||
| Q4 24 | $297.1M | $398.3M | ||
| Q3 24 | $279.6M | $337.5M | ||
| Q2 24 | $270.8M | $320.6M |
净利润APAMCTOS
| Q1 26 | — | $-17.8M | ||
| Q4 25 | $118.1M | $20.9M | ||
| Q3 25 | $66.8M | $-5.8M | ||
| Q2 25 | $67.6M | $-28.4M | ||
| Q1 25 | $61.1M | $-17.8M | ||
| Q4 24 | $87.5M | $27.6M | ||
| Q3 24 | $73.0M | $-17.4M | ||
| Q2 24 | $57.6M | $-24.5M |
毛利率APAMCTOS
| Q1 26 | — | 20.3% | ||
| Q4 25 | — | 31.8% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 26.1% | ||
| Q1 25 | — | 27.9% | ||
| Q4 24 | — | 29.7% | ||
| Q3 24 | — | 27.2% | ||
| Q2 24 | — | 27.8% |
营业利润率APAMCTOS
| Q1 26 | — | 2.9% | ||
| Q4 25 | 39.2% | 13.4% | ||
| Q3 25 | 33.8% | 9.1% | ||
| Q2 25 | 28.2% | 7.1% | ||
| Q1 25 | 31.2% | 4.0% | ||
| Q4 24 | 36.7% | 16.9% | ||
| Q3 24 | 33.3% | 6.8% | ||
| Q2 24 | 32.0% | 5.5% |
净利率APAMCTOS
| Q1 26 | — | -4.2% | ||
| Q4 25 | 35.2% | 5.4% | ||
| Q3 25 | 22.2% | -1.6% | ||
| Q2 25 | 23.9% | -7.2% | ||
| Q1 25 | 22.1% | -5.8% | ||
| Q4 24 | 29.5% | 6.9% | ||
| Q3 24 | 26.1% | -5.2% | ||
| Q2 24 | 21.3% | -7.6% |
每股收益（稀释后）APAMCTOS
| Q1 26 | — | $-0.08 | ||
| Q4 25 | $1.36 | $0.10 | ||
| Q3 25 | $0.93 | $-0.03 | ||
| Q2 25 | $0.94 | $-0.13 | ||
| Q1 25 | $0.82 | $-0.08 | ||
| Q4 24 | $0.99 | $0.11 | ||
| Q3 24 | $1.03 | $-0.07 | ||
| Q2 24 | $0.80 | $-0.10 |
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 | — | $6.3M |
| 总债务越低越好 | $190.0M | $25.9M |
| 股东权益账面价值 | $438.8M | $809.1M |
| 总资产 | $1.6B | $3.4B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资APAMCTOS
| Q1 26 | — | $6.3M | ||
| Q4 25 | — | $6.3M | ||
| Q3 25 | — | $13.1M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $3.8M | ||
| Q3 24 | — | $8.4M | ||
| Q2 24 | — | $8.1M |
总债务APAMCTOS
| Q1 26 | — | $25.9M | ||
| Q4 25 | $190.0M | $1.6B | ||
| Q3 25 | $190.0M | $1.6B | ||
| Q2 25 | $200.0M | $1.6B | ||
| Q1 25 | $200.0M | $1.6B | ||
| Q4 24 | $200.0M | $1.5B | ||
| Q3 24 | $200.0M | $1.6B | ||
| Q2 24 | $200.0M | $1.5B |
股东权益APAMCTOS
| Q1 26 | — | $809.1M | ||
| Q4 25 | $438.8M | $809.1M | ||
| Q3 25 | $402.1M | $784.7M | ||
| Q2 25 | $381.8M | $790.1M | ||
| Q1 25 | $356.5M | $813.4M | ||
| Q4 24 | $388.9M | $861.3M | ||
| Q3 24 | $372.1M | $837.5M | ||
| Q2 24 | $341.2M | $856.7M |
总资产APAMCTOS
| Q1 26 | — | $3.4B | ||
| Q4 25 | $1.6B | $3.4B | ||
| Q3 25 | $1.6B | $3.5B | ||
| Q2 25 | $1.4B | $3.6B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.6B | $3.5B | ||
| Q3 24 | $1.6B | $3.6B | ||
| Q2 24 | $1.5B | $3.5B |
负债/权益比APAMCTOS
| Q1 26 | — | 0.03× | ||
| Q4 25 | 0.43× | 2.03× | ||
| Q3 25 | 0.47× | 2.10× | ||
| Q2 25 | 0.52× | 2.04× | ||
| Q1 25 | 0.56× | 1.97× | ||
| Q4 24 | 0.51× | 1.77× | ||
| Q3 24 | 0.54× | 1.87× | ||
| Q2 24 | 0.59× | 1.79× |
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 | — |
| 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× | — |
| 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APAMCTOS
| Q1 26 | — | — | ||
| Q4 25 | $172.0M | $47.3M | ||
| Q3 25 | $40.4M | $81.5M | ||
| Q2 25 | $50.9M | $125.7M | ||
| Q1 25 | $157.9M | $55.6M | ||
| Q4 24 | $372.8M | $82.1M | ||
| Q3 24 | $112.8M | $16.5M | ||
| Q2 24 | $75.9M | $37.8M |
自由现金流APAMCTOS
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率APAMCTOS
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度APAMCTOS
| Q1 26 | — | — | ||
| 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% | — |
现金转化率APAMCTOS
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 2.27× | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.75× | — | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | 2.98× | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.32× | — |
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
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
