vs
Artisan Partners Asset Management Inc.（APAM）与Diversified Energy Co（DEC）财务数据对比。点击上方公司名可切换其他公司
Diversified Energy Co的季度营收约是Artisan Partners Asset Management Inc.的2.0倍（$666.5M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 29.3%，领先5.9%），Diversified Energy Co自由现金流更多（$280.0M vs $171.6M）
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。
DTE能源是一家总部位于底特律的综合能源企业，在美国与加拿大开展能源相关业务的开发与运营。公司业务板块涵盖电力与燃气公用事业，其中电力业务为密歇根州220万客户服务，燃气业务则服务于该州130万客户。
APAM vs DEC — 直观对比
营收规模更大
DEC
是对方的2.0倍
$335.5M
净利率更高
APAM
高出5.9%
29.3%
自由现金流更多
DEC
多$108.4M
$171.6M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $666.5M |
| 净利润 | $118.1M | $195.5M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 37.6% |
| 净利率 | 35.2% | 29.3% |
| 营收同比 | 12.9% | — |
| 净利润同比 | 34.9% | — |
| 每股收益（稀释后） | $1.36 | — |
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APAMDEC
| Q4 25 | $335.5M | $666.5M | ||
| Q3 25 | $301.3M | $499.8M | ||
| Q2 25 | $282.7M | $600.3M | ||
| Q1 25 | $277.1M | — | ||
| Q4 24 | $297.1M | — | ||
| Q3 24 | $279.6M | — | ||
| Q2 24 | $270.8M | — | ||
| Q1 24 | $264.4M | — |
净利润APAMDEC
| Q4 25 | $118.1M | $195.5M | ||
| Q3 25 | $66.8M | $171.1M | ||
| Q2 25 | $67.6M | $297.7M | ||
| Q1 25 | $61.1M | — | ||
| Q4 24 | $87.5M | — | ||
| Q3 24 | $73.0M | — | ||
| Q2 24 | $57.6M | — | ||
| Q1 24 | $59.5M | — |
毛利率APAMDEC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率APAMDEC
| Q4 25 | 39.2% | 37.6% | ||
| Q3 25 | 33.8% | 36.2% | ||
| Q2 25 | 28.2% | 48.5% | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 36.7% | — | ||
| Q3 24 | 33.3% | — | ||
| Q2 24 | 32.0% | — | ||
| Q1 24 | 29.4% | — |
净利率APAMDEC
| Q4 25 | 35.2% | 29.3% | ||
| Q3 25 | 22.2% | 34.2% | ||
| Q2 25 | 23.9% | 49.6% | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 26.1% | — | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 22.5% | — |
每股收益（稀释后）APAMDEC
| Q4 25 | $1.36 | — | ||
| Q3 25 | $0.93 | $2.14 | ||
| Q2 25 | $0.94 | $3.67 | ||
| Q1 25 | $0.82 | — | ||
| Q4 24 | $0.99 | — | ||
| Q3 24 | $1.03 | — | ||
| Q2 24 | $0.80 | — | ||
| Q1 24 | $0.84 | — |
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 | — | $29.7M |
| 总债务越低越好 | $190.0M | $2.7B |
| 股东权益账面价值 | $438.8M | $984.1M |
| 总资产 | $1.6B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.43× | 2.76× |
8季度趋势，按日历期对齐
现金及短期投资APAMDEC
| Q4 25 | — | $29.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $23.7M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务APAMDEC
| Q4 25 | $190.0M | $2.7B | ||
| 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APAMDEC
| Q4 25 | $438.8M | $984.1M | ||
| Q3 25 | $402.1M | — | ||
| Q2 25 | $381.8M | $727.7M | ||
| Q1 25 | $356.5M | — | ||
| Q4 24 | $388.9M | — | ||
| Q3 24 | $372.1M | — | ||
| Q2 24 | $341.2M | — | ||
| Q1 24 | $320.3M | — |
总资产APAMDEC
| Q4 25 | $1.6B | $6.2B | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.4B | $5.7B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
负债/权益比APAMDEC
| Q4 25 | 0.43× | 2.76× | ||
| 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 | $464.6M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $280.0M |
| 自由现金流率自由现金流/营收 | 51.2% | 42.0% |
| 资本支出强度资本支出/营收 | 0.1% | 27.7% |
| 现金转化率经营现金流/净利润 | 1.46× | 2.38× |
| 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APAMDEC
| Q4 25 | $172.0M | $464.6M | ||
| Q3 25 | $40.4M | — | ||
| Q2 25 | $50.9M | $264.1M | ||
| Q1 25 | $157.9M | — | ||
| Q4 24 | $372.8M | — | ||
| Q3 24 | $112.8M | — | ||
| Q2 24 | $75.9M | — | ||
| Q1 24 | $147.0M | — |
自由现金流APAMDEC
| Q4 25 | $171.6M | $280.0M | ||
| 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APAMDEC
| Q4 25 | 51.2% | 42.0% | ||
| 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APAMDEC
| Q4 25 | 0.1% | 27.7% | ||
| 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APAMDEC
| Q4 25 | 1.46× | 2.38× | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.75× | 0.89× | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.32× | — | ||
| 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
