vs
Artisan Partners Asset Management Inc.（APAM）与EZCORP INC（EZPW）财务数据对比。点击上方公司名可切换其他公司
EZCORP INC的季度营收约是Artisan Partners Asset Management Inc.的1.1倍（$382.0M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 11.6%，领先23.6%），EZCORP INC同比增速更快（19.3% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $31.7M），过去两年EZCORP INC的营收复合增速更高（15.6% 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。
EZCORP是总部位于美国得克萨斯州奥斯汀的典当行运营商，业务覆盖美国及拉丁美洲地区，是美国第二大典当行运营商，仅次于Cash America International，目前在纳斯达克挂牌上市。
APAM vs EZPW — 直观对比
营收规模更大
EZPW
是对方的1.1倍
$335.5M
营收增速更快
EZPW
高出6.4%
12.9%
净利率更高
APAM
高出23.6%
11.6%
自由现金流更多
APAM
多$139.9M
$31.7M
两年增速更快
EZPW
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $382.0M |
| 净利润 | $118.1M | $44.3M |
| 毛利率 | — | 58.4% |
| 营业利润率 | 39.2% | 15.9% |
| 净利率 | 35.2% | 11.6% |
| 营收同比 | 12.9% | 19.3% |
| 净利润同比 | 34.9% | 42.8% |
| 每股收益（稀释后） | $1.36 | $0.55 |
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APAMEZPW
| Q4 25 | $335.5M | $382.0M | ||
| Q3 25 | $301.3M | $336.8M | ||
| Q2 25 | $282.7M | $311.0M | ||
| Q1 25 | $277.1M | $306.3M | ||
| Q4 24 | $297.1M | $320.2M | ||
| Q3 24 | $279.6M | $294.6M | ||
| Q2 24 | $270.8M | $281.4M | ||
| Q1 24 | $264.4M | $285.6M |
净利润APAMEZPW
| Q4 25 | $118.1M | $44.3M | ||
| Q3 25 | $66.8M | $26.7M | ||
| Q2 25 | $67.6M | $26.5M | ||
| Q1 25 | $61.1M | $25.4M | ||
| Q4 24 | $87.5M | $31.0M | ||
| Q3 24 | $73.0M | $15.2M | ||
| Q2 24 | $57.6M | $17.9M | ||
| Q1 24 | $59.5M | $21.5M |
毛利率APAMEZPW
| Q4 25 | — | 58.4% | ||
| Q3 25 | — | 59.0% | ||
| Q2 25 | — | 59.1% | ||
| Q1 25 | — | 58.3% | ||
| Q4 24 | — | 57.9% | ||
| Q3 24 | — | 59.5% | ||
| Q2 24 | — | 59.2% | ||
| Q1 24 | — | 58.7% |
营业利润率APAMEZPW
| Q4 25 | 39.2% | 15.9% | ||
| Q3 25 | 33.8% | 11.0% | ||
| Q2 25 | 28.2% | 11.6% | ||
| Q1 25 | 31.2% | 11.2% | ||
| Q4 24 | 36.7% | 13.1% | ||
| Q3 24 | 33.3% | 8.8% | ||
| Q2 24 | 32.0% | 7.9% | ||
| Q1 24 | 29.4% | 9.6% |
净利率APAMEZPW
| Q4 25 | 35.2% | 11.6% | ||
| Q3 25 | 22.2% | 7.9% | ||
| Q2 25 | 23.9% | 8.5% | ||
| Q1 25 | 22.1% | 8.3% | ||
| Q4 24 | 29.5% | 9.7% | ||
| Q3 24 | 26.1% | 5.2% | ||
| Q2 24 | 21.3% | 6.4% | ||
| Q1 24 | 22.5% | 7.5% |
每股收益（稀释后）APAMEZPW
| Q4 25 | $1.36 | $0.55 | ||
| Q3 25 | $0.93 | $0.35 | ||
| Q2 25 | $0.94 | $0.34 | ||
| Q1 25 | $0.82 | $0.33 | ||
| Q4 24 | $0.99 | $0.40 | ||
| Q3 24 | $1.03 | $0.20 | ||
| Q2 24 | $0.80 | $0.25 | ||
| Q1 24 | $0.84 | $0.29 |
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 | — | $465.9M |
| 总债务越低越好 | $190.0M | $518.6M |
| 股东权益账面价值 | $438.8M | $1.1B |
| 总资产 | $1.6B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资APAMEZPW
| Q4 25 | — | $465.9M | ||
| Q3 25 | — | $469.5M | ||
| Q2 25 | — | $472.1M | ||
| Q1 25 | — | $505.2M | ||
| Q4 24 | — | $174.5M | ||
| Q3 24 | — | $170.5M | ||
| Q2 24 | — | $218.0M | ||
| Q1 24 | — | $229.1M |
总债务APAMEZPW
| Q4 25 | $190.0M | $518.6M | ||
| Q3 25 | $190.0M | $518.1M | ||
| Q2 25 | $200.0M | $517.6M | ||
| Q1 25 | $200.0M | $620.5M | ||
| Q4 24 | $200.0M | $327.7M | ||
| Q3 24 | $200.0M | $327.3M | ||
| Q2 24 | $200.0M | $361.3M | ||
| Q1 24 | $200.0M | $360.9M |
股东权益APAMEZPW
| Q4 25 | $438.8M | $1.1B | ||
| Q3 25 | $402.1M | $1.0B | ||
| Q2 25 | $381.8M | $990.1M | ||
| Q1 25 | $356.5M | $851.6M | ||
| Q4 24 | $388.9M | $823.9M | ||
| Q3 24 | $372.1M | $804.6M | ||
| Q2 24 | $341.2M | $801.5M | ||
| Q1 24 | $320.3M | $800.4M |
总资产APAMEZPW
| Q4 25 | $1.6B | $2.0B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.5B | $1.5B | ||
| Q1 24 | $1.5B | $1.5B |
负债/权益比APAMEZPW
| Q4 25 | 0.43× | 0.48× | ||
| Q3 25 | 0.47× | 0.51× | ||
| Q2 25 | 0.52× | 0.52× | ||
| Q1 25 | 0.56× | 0.73× | ||
| Q4 24 | 0.51× | 0.40× | ||
| Q3 24 | 0.54× | 0.41× | ||
| Q2 24 | 0.59× | 0.45× | ||
| Q1 24 | 0.62× | 0.45× |
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 | $39.1M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $31.7M |
| 自由现金流率自由现金流/营收 | 51.2% | 8.3% |
| 资本支出强度资本支出/营收 | 0.1% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.46× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $121.7M |
8季度趋势，按日历期对齐
经营现金流APAMEZPW
| Q4 25 | $172.0M | $39.1M | ||
| Q3 25 | $40.4M | $51.3M | ||
| Q2 25 | $50.9M | $34.8M | ||
| Q1 25 | $157.9M | $36.9M | ||
| Q4 24 | $372.8M | $26.0M | ||
| Q3 24 | $112.8M | $43.3M | ||
| Q2 24 | $75.9M | $33.7M | ||
| Q1 24 | $147.0M | $15.1M |
自由现金流APAMEZPW
| Q4 25 | $171.6M | $31.7M | ||
| Q3 25 | $40.4M | $35.7M | ||
| Q2 25 | $50.9M | $25.7M | ||
| Q1 25 | $157.7M | $28.6M | ||
| Q4 24 | $371.3M | $20.4M | ||
| Q3 24 | $112.4M | $24.4M | ||
| Q2 24 | $75.2M | $30.5M | ||
| Q1 24 | $146.9M | $8.6M |
自由现金流率APAMEZPW
| Q4 25 | 51.2% | 8.3% | ||
| Q3 25 | 13.4% | 10.6% | ||
| Q2 25 | 18.0% | 8.3% | ||
| Q1 25 | 56.9% | 9.3% | ||
| Q4 24 | 125.0% | 6.4% | ||
| Q3 24 | 40.2% | 8.3% | ||
| Q2 24 | 27.8% | 10.8% | ||
| Q1 24 | 55.6% | 3.0% |
资本支出强度APAMEZPW
| Q4 25 | 0.1% | 2.0% | ||
| Q3 25 | 0.0% | 4.6% | ||
| Q2 25 | 0.0% | 2.9% | ||
| Q1 25 | 0.1% | 2.7% | ||
| Q4 24 | 0.5% | 1.8% | ||
| Q3 24 | 0.1% | 6.4% | ||
| Q2 24 | 0.2% | 1.1% | ||
| Q1 24 | 0.0% | 2.3% |
现金转化率APAMEZPW
| Q4 25 | 1.46× | 0.88× | ||
| Q3 25 | 0.60× | 1.92× | ||
| Q2 25 | 0.75× | 1.31× | ||
| Q1 25 | 2.58× | 1.45× | ||
| Q4 24 | 4.26× | 0.84× | ||
| Q3 24 | 1.54× | 2.85× | ||
| Q2 24 | 1.32× | 1.88× | ||
| Q1 24 | 2.47× | 0.70× |
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
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
