vs
Artisan Partners Asset Management Inc.（APAM）与Ecovyst Inc.（ECVT）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Ecovyst Inc.的1.7倍（$335.5M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $22.9M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% 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。
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
APAM vs ECVT — 直观对比
营收规模更大
APAM
是对方的1.7倍
$199.4M
营收增速更快
ECVT
高出21.0%
12.9%
自由现金流更多
APAM
多$148.7M
$22.9M
两年增速更快
ECVT
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $199.4M |
| 净利润 | $118.1M | — |
| 毛利率 | — | 23.4% |
| 营业利润率 | 39.2% | 10.9% |
| 净利率 | 35.2% | — |
| 营收同比 | 12.9% | 34.0% |
| 净利润同比 | 34.9% | — |
| 每股收益（稀释后） | $1.36 | $0.06 |
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APAMECVT
| Q4 25 | $335.5M | $199.4M | ||
| Q3 25 | $301.3M | $204.9M | ||
| Q2 25 | $282.7M | $176.1M | ||
| Q1 25 | $277.1M | $143.1M | ||
| Q4 24 | $297.1M | $148.9M | ||
| Q3 24 | $279.6M | $153.9M | ||
| Q2 24 | $270.8M | $154.0M | ||
| Q1 24 | $264.4M | $141.6M |
净利润APAMECVT
| Q4 25 | $118.1M | — | ||
| Q3 25 | $66.8M | $-79.3M | ||
| Q2 25 | $67.6M | $6.0M | ||
| Q1 25 | $61.1M | $-3.6M | ||
| Q4 24 | $87.5M | — | ||
| Q3 24 | $73.0M | $14.3M | ||
| Q2 24 | $57.6M | $8.3M | ||
| Q1 24 | $59.5M | $1.2M |
毛利率APAMECVT
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 25.4% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 13.3% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | — | 27.3% | ||
| Q1 24 | — | 23.5% |
营业利润率APAMECVT
| Q4 25 | 39.2% | 10.9% | ||
| Q3 25 | 33.8% | 13.8% | ||
| Q2 25 | 28.2% | 9.0% | ||
| Q1 25 | 31.2% | -0.7% | ||
| Q4 24 | 36.7% | 15.1% | ||
| Q3 24 | 33.3% | 17.9% | ||
| Q2 24 | 32.0% | 14.1% | ||
| Q1 24 | 29.4% | 9.5% |
净利率APAMECVT
| Q4 25 | 35.2% | — | ||
| Q3 25 | 22.2% | -38.7% | ||
| Q2 25 | 23.9% | 3.4% | ||
| Q1 25 | 22.1% | -2.5% | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 26.1% | 9.3% | ||
| Q2 24 | 21.3% | 5.4% | ||
| Q1 24 | 22.5% | 0.9% |
每股收益（稀释后）APAMECVT
| Q4 25 | $1.36 | $0.06 | ||
| Q3 25 | $0.93 | $-0.69 | ||
| Q2 25 | $0.94 | $0.05 | ||
| Q1 25 | $0.82 | $-0.03 | ||
| Q4 24 | $0.99 | $-0.26 | ||
| Q3 24 | $1.03 | $0.12 | ||
| Q2 24 | $0.80 | $0.07 | ||
| Q1 24 | $0.84 | $0.01 |
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 | — | $197.2M |
| 总债务越低越好 | $190.0M | $392.6M |
| 股东权益账面价值 | $438.8M | $603.4M |
| 总资产 | $1.6B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资APAMECVT
| Q4 25 | — | $197.2M | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | — | $69.6M | ||
| Q1 25 | — | $127.5M | ||
| Q4 24 | — | $131.4M | ||
| Q3 24 | — | $123.5M | ||
| Q2 24 | — | $83.3M | ||
| Q1 24 | — | $103.1M |
总债务APAMECVT
| Q4 25 | $190.0M | $392.6M | ||
| Q3 25 | $190.0M | $854.8M | ||
| Q2 25 | $200.0M | $856.6M | ||
| Q1 25 | $200.0M | $859.0M | ||
| Q4 24 | $200.0M | $860.8M | ||
| Q3 24 | $200.0M | $862.7M | ||
| Q2 24 | $200.0M | $862.4M | ||
| Q1 24 | $200.0M | $866.2M |
股东权益APAMECVT
| Q4 25 | $438.8M | $603.4M | ||
| Q3 25 | $402.1M | $607.9M | ||
| Q2 25 | $381.8M | $692.4M | ||
| Q1 25 | $356.5M | $698.7M | ||
| Q4 24 | $388.9M | $700.5M | ||
| Q3 24 | $372.1M | $729.4M | ||
| Q2 24 | $341.2M | $717.3M | ||
| Q1 24 | $320.3M | $711.4M |
总资产APAMECVT
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.5B | $1.8B | ||
| Q1 24 | $1.5B | $1.8B |
负债/权益比APAMECVT
| Q4 25 | 0.43× | 0.65× | ||
| Q3 25 | 0.47× | 1.41× | ||
| Q2 25 | 0.52× | 1.24× | ||
| Q1 25 | 0.56× | 1.23× | ||
| Q4 24 | 0.51× | 1.23× | ||
| Q3 24 | 0.54× | 1.18× | ||
| Q2 24 | 0.59× | 1.20× | ||
| Q1 24 | 0.62× | 1.22× |
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 | $41.8M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $22.9M |
| 自由现金流率自由现金流/营收 | 51.2% | 11.5% |
| 资本支出强度资本支出/营收 | 0.1% | 9.4% |
| 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 | $69.9M |
8季度趋势，按日历期对齐
经营现金流APAMECVT
| Q4 25 | $172.0M | $41.8M | ||
| Q3 25 | $40.4M | $55.3M | ||
| Q2 25 | $50.9M | $33.0M | ||
| Q1 25 | $157.9M | $10.3M | ||
| Q4 24 | $372.8M | $43.5M | ||
| Q3 24 | $112.8M | $59.9M | ||
| Q2 24 | $75.9M | $10.0M | ||
| Q1 24 | $147.0M | $36.5M |
自由现金流APAMECVT
| Q4 25 | $171.6M | $22.9M | ||
| Q3 25 | $40.4M | $53.2M | ||
| Q2 25 | $50.9M | $7.8M | ||
| Q1 25 | $157.7M | $-14.0M | ||
| Q4 24 | $371.3M | $30.9M | ||
| Q3 24 | $112.4M | $53.6M | ||
| Q2 24 | $75.2M | $-9.3M | ||
| Q1 24 | $146.9M | $19.1M |
自由现金流率APAMECVT
| Q4 25 | 51.2% | 11.5% | ||
| Q3 25 | 13.4% | 26.0% | ||
| Q2 25 | 18.0% | 4.4% | ||
| Q1 25 | 56.9% | -9.8% | ||
| Q4 24 | 125.0% | 20.7% | ||
| Q3 24 | 40.2% | 34.9% | ||
| Q2 24 | 27.8% | -6.1% | ||
| Q1 24 | 55.6% | 13.5% |
资本支出强度APAMECVT
| Q4 25 | 0.1% | 9.4% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.0% | 14.4% | ||
| Q1 25 | 0.1% | 16.9% | ||
| Q4 24 | 0.5% | 8.5% | ||
| Q3 24 | 0.1% | 4.1% | ||
| Q2 24 | 0.2% | 12.5% | ||
| Q1 24 | 0.0% | 12.3% |
现金转化率APAMECVT
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.75× | 5.52× | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | 4.21× | ||
| Q2 24 | 1.32× | 1.20× | ||
| Q1 24 | 2.47× | 29.90× |
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
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
