vs
Artisan Partners Asset Management Inc.（APAM）与Excelerate Energy, Inc.（EE）财务数据对比。点击上方公司名可切换其他公司
Excelerate Energy, Inc.的季度营收约是Artisan Partners Asset Management Inc.的1.3倍（$433.4M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 11.5%，领先23.7%），Excelerate Energy, Inc.同比增速更快（37.6% vs 12.9%），过去两年Excelerate Energy, Inc.的营收复合增速更高（53.8% 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。
Excelerate Energy是全球领先的灵活液化天然气（LNG）解决方案供应商，主营浮式储存再气化装置运营、LNG配送服务及一体化LNG基础设施项目，服务覆盖欧洲、亚洲、拉美、中东等地区，助力各地能源体系向低碳转型。
APAM vs EE — 直观对比
营收规模更大
EE
是对方的1.3倍
$335.5M
营收增速更快
EE
高出24.6%
12.9%
净利率更高
APAM
高出23.7%
11.5%
两年增速更快
EE
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $433.4M |
| 净利润 | $118.1M | $50.0M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 18.9% |
| 净利率 | 35.2% | 11.5% |
| 营收同比 | 12.9% | 37.6% |
| 净利润同比 | 34.9% | -4.1% |
| 每股收益（稀释后） | $1.36 | $0.37 |
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APAMEE
| Q1 26 | — | $433.4M | ||
| Q4 25 | $335.5M | $317.6M | ||
| Q3 25 | $301.3M | $391.0M | ||
| Q2 25 | $282.7M | $204.6M | ||
| Q1 25 | $277.1M | $315.1M | ||
| Q4 24 | $297.1M | $274.6M | ||
| Q3 24 | $279.6M | $193.4M | ||
| Q2 24 | $270.8M | $183.3M |
净利润APAMEE
| Q1 26 | — | $50.0M | ||
| Q4 25 | $118.1M | — | ||
| Q3 25 | $66.8M | — | ||
| Q2 25 | $67.6M | — | ||
| Q1 25 | $61.1M | — | ||
| Q4 24 | $87.5M | — | ||
| Q3 24 | $73.0M | — | ||
| Q2 24 | $57.6M | — |
营业利润率APAMEE
| Q1 26 | — | 18.9% | ||
| Q4 25 | 39.2% | 22.2% | ||
| Q3 25 | 33.8% | 22.3% | ||
| Q2 25 | 28.2% | 21.2% | ||
| Q1 25 | 31.2% | 20.9% | ||
| Q4 24 | 36.7% | 21.9% | ||
| Q3 24 | 33.3% | 30.9% | ||
| Q2 24 | 32.0% | 27.2% |
净利率APAMEE
| Q1 26 | — | 11.5% | ||
| Q4 25 | 35.2% | — | ||
| Q3 25 | 22.2% | — | ||
| Q2 25 | 23.9% | — | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 26.1% | — | ||
| Q2 24 | 21.3% | — |
每股收益（稀释后）APAMEE
| Q1 26 | — | $0.37 | ||
| Q4 25 | $1.36 | $0.24 | ||
| Q3 25 | $0.93 | $0.43 | ||
| Q2 25 | $0.94 | $0.15 | ||
| Q1 25 | $0.82 | $0.46 | ||
| Q4 24 | $0.99 | $0.42 | ||
| Q3 24 | $1.03 | $0.35 | ||
| Q2 24 | $0.80 | $0.26 |
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 | — | $540.1M |
| 总债务越低越好 | $190.0M | $23.7M |
| 股东权益账面价值 | $438.8M | $2.3B |
| 总资产 | $1.6B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资APAMEE
| Q1 26 | — | $540.1M | ||
| Q4 25 | — | $538.2M | ||
| Q3 25 | — | $462.6M | ||
| Q2 25 | — | $426.0M | ||
| Q1 25 | — | $619.5M | ||
| Q4 24 | — | $537.5M | ||
| Q3 24 | — | $608.4M | ||
| Q2 24 | — | $609.1M |
总债务APAMEE
| Q1 26 | — | $23.7M | ||
| Q4 25 | $190.0M | $936.3M | ||
| Q3 25 | $190.0M | $942.0M | ||
| Q2 25 | $200.0M | $946.2M | ||
| Q1 25 | $200.0M | $322.6M | ||
| Q4 24 | $200.0M | $333.6M | ||
| Q3 24 | $200.0M | $345.7M | ||
| Q2 24 | $200.0M | $356.4M |
股东权益APAMEE
| Q1 26 | — | $2.3B | ||
| Q4 25 | $438.8M | $2.2B | ||
| Q3 25 | $402.1M | $2.2B | ||
| Q2 25 | $381.8M | $2.1B | ||
| Q1 25 | $356.5M | $1.9B | ||
| Q4 24 | $388.9M | $1.9B | ||
| Q3 24 | $372.1M | $1.9B | ||
| Q2 24 | $341.2M | $1.8B |
总资产APAMEE
| Q1 26 | — | $4.1B | ||
| Q4 25 | $1.6B | $4.1B | ||
| Q3 25 | $1.6B | $4.1B | ||
| Q2 25 | $1.4B | $4.0B | ||
| Q1 25 | $1.4B | $2.9B | ||
| Q4 24 | $1.6B | $2.9B | ||
| Q3 24 | $1.6B | $2.9B | ||
| Q2 24 | $1.5B | $2.9B |
负债/权益比APAMEE
| Q1 26 | — | 0.01× | ||
| Q4 25 | 0.43× | 0.42× | ||
| Q3 25 | 0.47× | 0.43× | ||
| Q2 25 | 0.52× | 0.44× | ||
| Q1 25 | 0.56× | 0.17× | ||
| Q4 24 | 0.51× | 0.18× | ||
| Q3 24 | 0.54× | 0.18× | ||
| Q2 24 | 0.59× | 0.19× |
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 | $60.0M |
| 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× | 1.20× |
| 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APAMEE
| Q1 26 | — | $60.0M | ||
| Q4 25 | $172.0M | $104.4M | ||
| Q3 25 | $40.4M | $114.9M | ||
| Q2 25 | $50.9M | $87.1M | ||
| Q1 25 | $157.9M | $154.8M | ||
| Q4 24 | $372.8M | $49.6M | ||
| Q3 24 | $112.8M | $39.8M | ||
| Q2 24 | $75.9M | $90.4M |
自由现金流APAMEE
| 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APAMEE
| 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APAMEE
| 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APAMEE
| Q1 26 | — | 1.20× | ||
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.75× | — | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | — | ||
| 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
EE
| LNG, gas and power | $275.2M | 63% |
| Terminal services | $158.3M | 37% |
