vs
Artisan Partners Asset Management Inc.（APAM）与FirstCash Holdings, Inc.（FCFS）财务数据对比。点击上方公司名可切换其他公司
FirstCash Holdings, Inc.的季度营收约是Artisan Partners Asset Management Inc.的1.5倍（$501.3M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 20.8%，领先14.4%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 12.9%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% 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。
FirstCash Holdings, Inc.是总部位于美国得克萨斯州沃斯堡的典当企业，在美国及拉丁美洲多地运营线下典当零售门店，为纳斯达克证券交易所公开上市企业，在美洲典当服务领域拥有成熟的业务布局与完善的运营网络。
APAM vs FCFS — 直观对比
营收规模更大
FCFS
是对方的1.5倍
$335.5M
营收增速更快
FCFS
高出8.2%
12.9%
净利率更高
APAM
高出14.4%
20.8%
两年增速更快
FCFS
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $501.3M |
| 净利润 | $118.1M | $104.2M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 28.5% |
| 净利率 | 35.2% | 20.8% |
| 营收同比 | 12.9% | 21.2% |
| 净利润同比 | 34.9% | 24.7% |
| 每股收益（稀释后） | $1.36 | $2.35 |
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APAMFCFS
| Q4 25 | $335.5M | $501.3M | ||
| Q3 25 | $301.3M | $411.0M | ||
| Q2 25 | $282.7M | $385.1M | ||
| Q1 25 | $277.1M | $371.1M | ||
| Q4 24 | $297.1M | $413.7M | ||
| Q3 24 | $279.6M | $363.1M | ||
| Q2 24 | $270.8M | $363.5M | ||
| Q1 24 | $264.4M | $366.8M |
净利润APAMFCFS
| Q4 25 | $118.1M | $104.2M | ||
| Q3 25 | $66.8M | $82.8M | ||
| Q2 25 | $67.6M | $59.8M | ||
| Q1 25 | $61.1M | $83.6M | ||
| Q4 24 | $87.5M | $83.5M | ||
| Q3 24 | $73.0M | $64.8M | ||
| Q2 24 | $57.6M | $49.1M | ||
| Q1 24 | $59.5M | $61.4M |
营业利润率APAMFCFS
| Q4 25 | 39.2% | 28.5% | ||
| Q3 25 | 33.8% | 27.4% | ||
| Q2 25 | 28.2% | 21.1% | ||
| Q1 25 | 31.2% | 30.0% | ||
| Q4 24 | 36.7% | 26.5% | ||
| Q3 24 | 33.3% | 23.5% | ||
| Q2 24 | 32.0% | 18.2% | ||
| Q1 24 | 29.4% | 22.3% |
净利率APAMFCFS
| Q4 25 | 35.2% | 20.8% | ||
| Q3 25 | 22.2% | 20.1% | ||
| Q2 25 | 23.9% | 15.5% | ||
| Q1 25 | 22.1% | 22.5% | ||
| Q4 24 | 29.5% | 20.2% | ||
| Q3 24 | 26.1% | 17.9% | ||
| Q2 24 | 21.3% | 13.5% | ||
| Q1 24 | 22.5% | 16.7% |
每股收益（稀释后）APAMFCFS
| Q4 25 | $1.36 | $2.35 | ||
| Q3 25 | $0.93 | $1.86 | ||
| Q2 25 | $0.94 | $1.34 | ||
| Q1 25 | $0.82 | $1.87 | ||
| Q4 24 | $0.99 | $1.86 | ||
| Q3 24 | $1.03 | $1.44 | ||
| Q2 24 | $0.80 | $1.08 | ||
| Q1 24 | $0.84 | $1.35 |
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 | — | $125.2M |
| 总债务越低越好 | $190.0M | $2.2B |
| 股东权益账面价值 | $438.8M | $2.3B |
| 总资产 | $1.6B | $5.3B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资APAMFCFS
| Q4 25 | — | $125.2M | ||
| Q3 25 | — | $130.2M | ||
| Q2 25 | — | $101.5M | ||
| Q1 25 | — | $146.0M | ||
| Q4 24 | — | $175.1M | ||
| Q3 24 | — | $106.3M | ||
| Q2 24 | — | $113.7M | ||
| Q1 24 | — | $135.1M |
总债务APAMFCFS
| Q4 25 | $190.0M | $2.2B | ||
| Q3 25 | $190.0M | $2.2B | ||
| Q2 25 | $200.0M | $1.7B | ||
| Q1 25 | $200.0M | $1.7B | ||
| Q4 24 | $200.0M | $1.7B | ||
| Q3 24 | $200.0M | $1.7B | ||
| Q2 24 | $200.0M | $1.7B | ||
| Q1 24 | $200.0M | $1.5B |
股东权益APAMFCFS
| Q4 25 | $438.8M | $2.3B | ||
| Q3 25 | $402.1M | $2.2B | ||
| Q2 25 | $381.8M | $2.1B | ||
| Q1 25 | $356.5M | $2.1B | ||
| Q4 24 | $388.9M | $2.1B | ||
| Q3 24 | $372.1M | $2.0B | ||
| Q2 24 | $341.2M | $2.0B | ||
| Q1 24 | $320.3M | $2.0B |
总资产APAMFCFS
| Q4 25 | $1.6B | $5.3B | ||
| Q3 25 | $1.6B | $5.2B | ||
| Q2 25 | $1.4B | $4.5B | ||
| Q1 25 | $1.4B | $4.4B | ||
| Q4 24 | $1.6B | $4.5B | ||
| Q3 24 | $1.6B | $4.4B | ||
| Q2 24 | $1.5B | $4.3B | ||
| Q1 24 | $1.5B | $4.2B |
负债/权益比APAMFCFS
| Q4 25 | 0.43× | 0.98× | ||
| Q3 25 | 0.47× | 1.01× | ||
| Q2 25 | 0.52× | 0.79× | ||
| Q1 25 | 0.56× | 0.83× | ||
| Q4 24 | 0.51× | 0.85× | ||
| Q3 24 | 0.54× | 0.87× | ||
| Q2 24 | 0.59× | 0.85× | ||
| Q1 24 | 0.62× | 0.75× |
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 | $206.6M |
| 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× | 1.98× |
| 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APAMFCFS
| Q4 25 | $172.0M | $206.6M | ||
| Q3 25 | $40.4M | $135.8M | ||
| Q2 25 | $50.9M | $116.9M | ||
| Q1 25 | $157.9M | $126.6M | ||
| Q4 24 | $372.8M | $198.1M | ||
| Q3 24 | $112.8M | $113.1M | ||
| Q2 24 | $75.9M | $106.2M | ||
| Q1 24 | $147.0M | $122.5M |
自由现金流APAMFCFS
| 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APAMFCFS
| 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APAMFCFS
| 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% | — | ||
| Q1 24 | 0.0% | — |
现金转化率APAMFCFS
| Q4 25 | 1.46× | 1.98× | ||
| Q3 25 | 0.60× | 1.64× | ||
| Q2 25 | 0.75× | 1.95× | ||
| Q1 25 | 2.58× | 1.51× | ||
| Q4 24 | 4.26× | 2.37× | ||
| Q3 24 | 1.54× | 1.74× | ||
| Q2 24 | 1.32× | 2.16× | ||
| Q1 24 | 2.47× | 2.00× |
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
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
