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Artisan Partners Asset Management Inc.（APAM）与Dayforce（DAY）财务数据对比。点击上方公司名可切换其他公司
Dayforce的季度营收约是Artisan Partners Asset Management Inc.的1.4倍（$481.6M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs -40.9%，领先76.1%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 9.5%），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 9.8%）
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。
Dayforce前身为知名人力资源服务商Ceridian，是一家总部位于美国的人力资源软件及服务企业，面向各行业不同规模的客户提供覆盖薪酬核算、人员管理、考勤等多场景的HR SaaS产品及配套专业服务，助力企业提升人力资源运营效率。
APAM vs DAY — 直观对比
营收规模更大
DAY
是对方的1.4倍
$335.5M
营收增速更快
APAM
高出3.5%
9.5%
净利率更高
APAM
高出76.1%
-40.9%
两年增速更快
APAM
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $481.6M |
| 净利润 | $118.1M | $-196.8M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 6.3% |
| 净利率 | 35.2% | -40.9% |
| 营收同比 | 12.9% | 9.5% |
| 净利润同比 | 34.9% | -9940.0% |
| 每股收益（稀释后） | $1.36 | $-1.23 |
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APAMDAY
| Q4 25 | $335.5M | — | ||
| Q3 25 | $301.3M | $481.6M | ||
| Q2 25 | $282.7M | $464.7M | ||
| Q1 25 | $277.1M | $481.8M | ||
| Q4 24 | $297.1M | $465.2M | ||
| Q3 24 | $279.6M | $440.0M | ||
| Q2 24 | $270.8M | $423.3M | ||
| Q1 24 | $264.4M | $431.5M |
净利润APAMDAY
| Q4 25 | $118.1M | — | ||
| Q3 25 | $66.8M | $-196.8M | ||
| Q2 25 | $67.6M | $21.3M | ||
| Q1 25 | $61.1M | $14.9M | ||
| Q4 24 | $87.5M | $10.8M | ||
| Q3 24 | $73.0M | $2.0M | ||
| Q2 24 | $57.6M | $-1.8M | ||
| Q1 24 | $59.5M | $7.1M |
毛利率APAMDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 44.1% | ||
| Q1 24 | — | 47.6% |
营业利润率APAMDAY
| Q4 25 | 39.2% | — | ||
| Q3 25 | 33.8% | 6.3% | ||
| Q2 25 | 28.2% | 9.1% | ||
| Q1 25 | 31.2% | 6.4% | ||
| Q4 24 | 36.7% | 6.1% | ||
| Q3 24 | 33.3% | 4.7% | ||
| Q2 24 | 32.0% | 3.3% | ||
| Q1 24 | 29.4% | 9.4% |
净利率APAMDAY
| Q4 25 | 35.2% | — | ||
| Q3 25 | 22.2% | -40.9% | ||
| Q2 25 | 23.9% | 4.6% | ||
| Q1 25 | 22.1% | 3.1% | ||
| Q4 24 | 29.5% | 2.3% | ||
| Q3 24 | 26.1% | 0.5% | ||
| Q2 24 | 21.3% | -0.4% | ||
| Q1 24 | 22.5% | 1.6% |
每股收益（稀释后）APAMDAY
| Q4 25 | $1.36 | — | ||
| Q3 25 | $0.93 | $-1.23 | ||
| Q2 25 | $0.94 | $0.13 | ||
| Q1 25 | $0.82 | $0.09 | ||
| Q4 24 | $0.99 | $0.07 | ||
| Q3 24 | $1.03 | $0.01 | ||
| Q2 24 | $0.80 | $-0.01 | ||
| Q1 24 | $0.84 | $0.04 |
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 | — | $627.6M |
| 总债务越低越好 | $190.0M | $631.1M |
| 股东权益账面价值 | $438.8M | $2.7B |
| 总资产 | $1.6B | $8.7B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资APAMDAY
| Q4 25 | — | — | ||
| Q3 25 | — | $627.6M | ||
| Q2 25 | — | $625.2M | ||
| Q1 25 | — | $557.3M | ||
| Q4 24 | — | $579.7M | ||
| Q3 24 | — | $494.1M | ||
| Q2 24 | — | $465.4M | ||
| Q1 24 | — | $392.5M |
总债务APAMDAY
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | $631.1M | ||
| Q2 25 | $200.0M | $631.8M | ||
| Q1 25 | $200.0M | $632.4M | ||
| Q4 24 | $200.0M | $1.2B | ||
| Q3 24 | $200.0M | $1.2B | ||
| Q2 24 | $200.0M | $1.2B | ||
| Q1 24 | $200.0M | $1.2B |
股东权益APAMDAY
| Q4 25 | $438.8M | — | ||
| Q3 25 | $402.1M | $2.7B | ||
| Q2 25 | $381.8M | $2.7B | ||
| Q1 25 | $356.5M | $2.6B | ||
| Q4 24 | $388.9M | $2.5B | ||
| Q3 24 | $372.1M | $2.6B | ||
| Q2 24 | $341.2M | $2.5B | ||
| Q1 24 | $320.3M | $2.4B |
总资产APAMDAY
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $8.7B | ||
| Q2 25 | $1.4B | $8.5B | ||
| Q1 25 | $1.4B | $9.5B | ||
| Q4 24 | $1.6B | $9.1B | ||
| Q3 24 | $1.6B | $8.1B | ||
| Q2 24 | $1.5B | $9.0B | ||
| Q1 24 | $1.5B | $10.8B |
负债/权益比APAMDAY
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | 0.23× | ||
| Q2 25 | 0.52× | 0.23× | ||
| Q1 25 | 0.56× | 0.24× | ||
| Q4 24 | 0.51× | 0.47× | ||
| Q3 24 | 0.54× | 0.47× | ||
| Q2 24 | 0.59× | 0.49× | ||
| Q1 24 | 0.62× | 0.50× |
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 | $31.2M |
| 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APAMDAY
| Q4 25 | $172.0M | — | ||
| Q3 25 | $40.4M | $31.2M | ||
| Q2 25 | $50.9M | $112.7M | ||
| Q1 25 | $157.9M | $49.6M | ||
| Q4 24 | $372.8M | $81.0M | ||
| Q3 24 | $112.8M | $91.8M | ||
| Q2 24 | $75.9M | $99.2M | ||
| Q1 24 | $147.0M | $9.1M |
自由现金流APAMDAY
| 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APAMDAY
| 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APAMDAY
| 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APAMDAY
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.75× | 5.29× | ||
| Q1 25 | 2.58× | 3.33× | ||
| Q4 24 | 4.26× | 7.50× | ||
| Q3 24 | 1.54× | 45.90× | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 2.47× | 1.28× |
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
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
