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Artisan Partners Asset Management Inc.（APAM）与FEDERATED HERMES, INC.（FHI）财务数据对比。点击上方公司名可切换其他公司
FEDERATED HERMES, INC.的季度营收约是Artisan Partners Asset Management Inc.的1.4倍（$482.8M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 22.2%，领先13.0%），FEDERATED HERMES, INC.同比增速更快（13.7% vs 12.9%），FEDERATED HERMES, INC.自由现金流更多（$294.6M vs $171.6M），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 10.4%）
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。
方德贺明是总部位于美国宾夕法尼亚州匹兹堡的投资管理机构，成立于1955年，1957年10月18日正式注册。截至2025年12月，公司受托管理客户资产规模达9026亿美元，可为客户提供股票、固定收益、另类/私募市场、多资产及流动性管理等多元投资策略，产品覆盖共同基金、ETF、独立账户、封闭式基金和集合投资基金等品类。
APAM vs FHI — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $482.8M |
| 净利润 | $118.1M | $107.0M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 28.1% |
| 净利率 | 35.2% | 22.2% |
| 营收同比 | 12.9% | 13.7% |
| 净利润同比 | 34.9% | 26.4% |
| 每股收益（稀释后） | $1.36 | $1.38 |
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
| Q4 25 | $335.5M | $482.8M | ||
| Q3 25 | $301.3M | $469.4M | ||
| Q2 25 | $282.7M | $424.8M | ||
| Q1 25 | $277.1M | $423.5M | ||
| Q4 24 | $297.1M | $424.7M | ||
| Q3 24 | $279.6M | $408.5M | ||
| Q2 24 | $270.8M | $402.6M | ||
| Q1 24 | $264.4M | $396.4M |
| Q4 25 | $118.1M | $107.0M | ||
| Q3 25 | $66.8M | $104.1M | ||
| Q2 25 | $67.6M | $91.0M | ||
| Q1 25 | $61.1M | $101.1M | ||
| Q4 24 | $87.5M | $84.7M | ||
| Q3 24 | $73.0M | $87.5M | ||
| Q2 24 | $57.6M | $21.0M | ||
| Q1 24 | $59.5M | $75.0M |
| Q4 25 | 39.2% | 28.1% | ||
| Q3 25 | 33.8% | 27.6% | ||
| Q2 25 | 28.2% | 27.6% | ||
| Q1 25 | 31.2% | 31.1% | ||
| Q4 24 | 36.7% | 26.0% | ||
| Q3 24 | 33.3% | 27.4% | ||
| Q2 24 | 32.0% | 10.1% | ||
| Q1 24 | 29.4% | 24.9% |
| Q4 25 | 35.2% | 22.2% | ||
| Q3 25 | 22.2% | 22.2% | ||
| Q2 25 | 23.9% | 21.4% | ||
| Q1 25 | 22.1% | 23.9% | ||
| Q4 24 | 29.5% | 19.9% | ||
| Q3 24 | 26.1% | 21.4% | ||
| Q2 24 | 21.3% | 5.2% | ||
| Q1 24 | 22.5% | 18.9% |
| Q4 25 | $1.36 | $1.38 | ||
| Q3 25 | $0.93 | $1.34 | ||
| Q2 25 | $0.94 | $1.16 | ||
| Q1 25 | $0.82 | $1.25 | ||
| Q4 24 | $0.99 | $1.08 | ||
| Q3 24 | $1.03 | $1.06 | ||
| Q2 24 | $0.80 | $0.20 | ||
| Q1 24 | $0.84 | $0.89 |
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 | — | $582.5M |
| 总债务越低越好 | $190.0M | $348.4M |
| 股东权益账面价值 | $438.8M | $1.2B |
| 总资产 | $1.6B | $2.2B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.29× |
8季度趋势，按日历期对齐
| Q4 25 | — | $582.5M | ||
| Q3 25 | — | $506.3M | ||
| Q2 25 | — | $371.0M | ||
| Q1 25 | — | $387.6M | ||
| Q4 24 | — | $504.4M | ||
| Q3 24 | — | $375.0M | ||
| Q2 24 | — | $307.4M | ||
| Q1 24 | — | $359.8M |
| Q4 25 | $190.0M | $348.4M | ||
| Q3 25 | $190.0M | $348.3M | ||
| Q2 25 | $200.0M | $348.2M | ||
| Q1 25 | $200.0M | $348.2M | ||
| Q4 24 | $200.0M | $348.1M | ||
| Q3 24 | $200.0M | $348.0M | ||
| Q2 24 | $200.0M | $348.0M | ||
| Q1 24 | $200.0M | $347.9M |
| Q4 25 | $438.8M | $1.2B | ||
| Q3 25 | $402.1M | $1.2B | ||
| Q2 25 | $381.8M | $1.1B | ||
| Q1 25 | $356.5M | $1.1B | ||
| Q4 24 | $388.9M | $1.1B | ||
| Q3 24 | $372.1M | $1.1B | ||
| Q2 24 | $341.2M | $1.0B | ||
| Q1 24 | $320.3M | $1.1B |
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.6B | $2.2B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.4B | $2.0B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.5B | $1.9B | ||
| Q1 24 | $1.5B | $2.1B |
| Q4 25 | 0.43× | 0.29× | ||
| Q3 25 | 0.47× | 0.29× | ||
| Q2 25 | 0.52× | 0.31× | ||
| Q1 25 | 0.56× | 0.32× | ||
| Q4 24 | 0.51× | 0.32× | ||
| Q3 24 | 0.54× | 0.32× | ||
| Q2 24 | 0.59× | 0.34× | ||
| Q1 24 | 0.62× | 0.30× |
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 | $297.3M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $294.6M |
| 自由现金流率自由现金流/营收 | 51.2% | 61.0% |
| 资本支出强度资本支出/营收 | 0.1% | 0.6% |
| 现金转化率经营现金流/净利润 | 1.46× | 2.78× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $427.5M |
8季度趋势，按日历期对齐
| Q4 25 | $172.0M | $297.3M | ||
| Q3 25 | $40.4M | $103.1M | ||
| Q2 25 | $50.9M | $18.8M | ||
| Q1 25 | $157.9M | $14.3M | ||
| Q4 24 | $372.8M | $346.6M | ||
| Q3 24 | $112.8M | $117.1M | ||
| Q2 24 | $75.9M | $88.7M | ||
| Q1 24 | $147.0M | $14.0M |
| Q4 25 | $171.6M | $294.6M | ||
| Q3 25 | $40.4M | $101.6M | ||
| Q2 25 | $50.9M | $18.0M | ||
| Q1 25 | $157.7M | $13.3M | ||
| Q4 24 | $371.3M | $342.5M | ||
| Q3 24 | $112.4M | $114.1M | ||
| Q2 24 | $75.2M | $82.7M | ||
| Q1 24 | $146.9M | $13.5M |
| Q4 25 | 51.2% | 61.0% | ||
| Q3 25 | 13.4% | 21.6% | ||
| Q2 25 | 18.0% | 4.2% | ||
| Q1 25 | 56.9% | 3.1% | ||
| Q4 24 | 125.0% | 80.7% | ||
| Q3 24 | 40.2% | 27.9% | ||
| Q2 24 | 27.8% | 20.5% | ||
| Q1 24 | 55.6% | 3.4% |
| Q4 25 | 0.1% | 0.6% | ||
| Q3 25 | 0.0% | 0.3% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.5% | 0.9% | ||
| Q3 24 | 0.1% | 0.7% | ||
| Q2 24 | 0.2% | 1.5% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | 1.46× | 2.78× | ||
| Q3 25 | 0.60× | 0.99× | ||
| Q2 25 | 0.75× | 0.21× | ||
| Q1 25 | 2.58× | 0.14× | ||
| Q4 24 | 4.26× | 4.09× | ||
| Q3 24 | 1.54× | 1.34× | ||
| Q2 24 | 1.32× | 4.22× | ||
| Q1 24 | 2.47× | 0.19× |
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
FHI
| Investment Advisory Management And Administrative Service | $314.0M | 65% |
| Separateaccounts | $63.9M | 13% |
| Other | $61.2M | 13% |
| Distribution Service | $43.7M | 9% |
