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Artisan Partners Asset Management Inc.（APAM）与Doximity, Inc.（DOCS）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Doximity, Inc.的1.8倍（$335.5M vs $185.1M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 33.3%，领先1.9%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 9.8%），过去两年Doximity, Inc.的营收复合增速更高（25.2% 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。
Doximity Inc成立于2010年，是面向医疗专业人士的线上社交服务平台，为平台会员提供精选医疗资讯、远程医疗工具，以及病例协作相关功能，助力医疗从业者高效交流信息、开展诊疗相关工作。
APAM vs DOCS — 直观对比
营收规模更大
APAM
是对方的1.8倍
$185.1M
营收增速更快
APAM
高出3.2%
9.8%
净利率更高
APAM
高出1.9%
33.3%
两年增速更快
DOCS
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $185.1M |
| 净利润 | $118.1M | $61.6M |
| 毛利率 | — | 89.9% |
| 营业利润率 | 39.2% | 38.9% |
| 净利率 | 35.2% | 33.3% |
| 营收同比 | 12.9% | 9.8% |
| 净利润同比 | 34.9% | -18.1% |
| 每股收益（稀释后） | $1.36 | $0.31 |
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APAMDOCS
| Q4 25 | $335.5M | $185.1M | ||
| Q3 25 | $301.3M | $168.5M | ||
| Q2 25 | $282.7M | $145.9M | ||
| Q1 25 | $277.1M | $138.3M | ||
| Q4 24 | $297.1M | $168.6M | ||
| Q3 24 | $279.6M | $136.8M | ||
| Q2 24 | $270.8M | $126.7M | ||
| Q1 24 | $264.4M | $118.1M |
净利润APAMDOCS
| Q4 25 | $118.1M | $61.6M | ||
| Q3 25 | $66.8M | $62.1M | ||
| Q2 25 | $67.6M | $53.3M | ||
| Q1 25 | $61.1M | $62.5M | ||
| Q4 24 | $87.5M | $75.2M | ||
| Q3 24 | $73.0M | $44.2M | ||
| Q2 24 | $57.6M | $41.4M | ||
| Q1 24 | $59.5M | $40.6M |
毛利率APAMDOCS
| Q4 25 | — | 89.9% | ||
| Q3 25 | — | 90.3% | ||
| Q2 25 | — | 89.2% | ||
| Q1 25 | — | 89.5% | ||
| Q4 24 | — | 91.6% | ||
| Q3 24 | — | 90.0% | ||
| Q2 24 | — | 89.3% | ||
| Q1 24 | — | 89.4% |
营业利润率APAMDOCS
| Q4 25 | 39.2% | 38.9% | ||
| Q3 25 | 33.8% | 37.8% | ||
| Q2 25 | 28.2% | 37.4% | ||
| Q1 25 | 31.2% | 35.2% | ||
| Q4 24 | 36.7% | 47.4% | ||
| Q3 24 | 33.3% | 38.8% | ||
| Q2 24 | 32.0% | 36.4% | ||
| Q1 24 | 29.4% | 35.5% |
净利率APAMDOCS
| Q4 25 | 35.2% | 33.3% | ||
| Q3 25 | 22.2% | 36.8% | ||
| Q2 25 | 23.9% | 36.5% | ||
| Q1 25 | 22.1% | 45.2% | ||
| Q4 24 | 29.5% | 44.6% | ||
| Q3 24 | 26.1% | 32.3% | ||
| Q2 24 | 21.3% | 32.7% | ||
| Q1 24 | 22.5% | 34.4% |
每股收益（稀释后）APAMDOCS
| Q4 25 | $1.36 | $0.31 | ||
| Q3 25 | $0.93 | $0.31 | ||
| Q2 25 | $0.94 | $0.27 | ||
| Q1 25 | $0.82 | $0.31 | ||
| Q4 24 | $0.99 | $0.37 | ||
| Q3 24 | $1.03 | $0.22 | ||
| Q2 24 | $0.80 | $0.21 | ||
| Q1 24 | $0.84 | $0.20 |
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 | — | $64.8M |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $979.3M |
| 总资产 | $1.6B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资APAMDOCS
| Q4 25 | — | $64.8M | ||
| Q3 25 | — | $169.2M | ||
| Q2 25 | — | $137.3M | ||
| Q1 25 | — | $209.6M | ||
| Q4 24 | — | $165.3M | ||
| Q3 24 | — | $184.2M | ||
| Q2 24 | — | $111.4M | ||
| Q1 24 | — | $96.8M |
总债务APAMDOCS
| Q4 25 | $190.0M | — | ||
| 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APAMDOCS
| Q4 25 | $438.8M | $979.3M | ||
| Q3 25 | $402.1M | $1.1B | ||
| Q2 25 | $381.8M | $1.0B | ||
| Q1 25 | $356.5M | $1.1B | ||
| Q4 24 | $388.9M | $1.0B | ||
| Q3 24 | $372.1M | $961.2M | ||
| Q2 24 | $341.2M | $913.6M | ||
| Q1 24 | $320.3M | $901.4M |
总资产APAMDOCS
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
负债/权益比APAMDOCS
| Q4 25 | 0.43× | — | ||
| 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 | $60.9M |
| 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× | 0.99× |
| 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APAMDOCS
| Q4 25 | $172.0M | $60.9M | ||
| Q3 25 | $40.4M | $93.9M | ||
| Q2 25 | $50.9M | $62.1M | ||
| Q1 25 | $157.9M | $98.5M | ||
| Q4 24 | $372.8M | $65.2M | ||
| Q3 24 | $112.8M | $68.3M | ||
| Q2 24 | $75.9M | $41.2M | ||
| Q1 24 | $147.0M | $63.9M |
自由现金流APAMDOCS
| 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APAMDOCS
| 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APAMDOCS
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 0.5% | 0.0% | ||
| Q3 24 | 0.1% | 0.0% | ||
| Q2 24 | 0.2% | 0.0% | ||
| Q1 24 | 0.0% | 0.0% |
现金转化率APAMDOCS
| Q4 25 | 1.46× | 0.99× | ||
| Q3 25 | 0.60× | 1.51× | ||
| Q2 25 | 0.75× | 1.16× | ||
| Q1 25 | 2.58× | 1.58× | ||
| Q4 24 | 4.26× | 0.87× | ||
| Q3 24 | 1.54× | 1.55× | ||
| Q2 24 | 1.32× | 1.00× | ||
| Q1 24 | 2.47× | 1.57× |
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
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
