vs
Artisan Partners Asset Management Inc.（APAM）与Forestar Group Inc.（FOR）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Forestar Group Inc.的1.2倍（$335.5M vs $273.0M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 5.6%，领先29.6%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 9.0%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $-157.1M），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs -9.6%）
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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
APAM vs FOR — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $273.0M |
| 净利润 | $118.1M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | 39.2% | 7.6% |
| 净利率 | 35.2% | 5.6% |
| 营收同比 | 12.9% | 9.0% |
| 净利润同比 | 34.9% | -6.7% |
| 每股收益（稀释后） | $1.36 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $301.3M | $670.5M | ||
| Q2 25 | $282.7M | $390.5M | ||
| Q1 25 | $277.1M | $351.0M | ||
| Q4 24 | $297.1M | $250.4M | ||
| Q3 24 | $279.6M | $551.3M | ||
| Q2 24 | $270.8M | $318.4M | ||
| Q1 24 | $264.4M | $333.8M |
| Q4 25 | $118.1M | $15.4M | ||
| Q3 25 | $66.8M | $86.9M | ||
| Q2 25 | $67.6M | $32.9M | ||
| Q1 25 | $61.1M | $31.6M | ||
| Q4 24 | $87.5M | $16.5M | ||
| Q3 24 | $73.0M | $81.5M | ||
| Q2 24 | $57.6M | $38.7M | ||
| Q1 24 | $59.5M | $45.0M |
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 39.2% | 7.6% | ||
| Q3 25 | 33.8% | 16.9% | ||
| Q2 25 | 28.2% | 11.2% | ||
| Q1 25 | 31.2% | 11.6% | ||
| Q4 24 | 36.7% | 8.7% | ||
| Q3 24 | 33.3% | 19.7% | ||
| Q2 24 | 32.0% | 16.2% | ||
| Q1 24 | 29.4% | 17.6% |
| Q4 25 | 35.2% | 5.6% | ||
| Q3 25 | 22.2% | 13.0% | ||
| Q2 25 | 23.9% | 8.4% | ||
| Q1 25 | 22.1% | 9.0% | ||
| Q4 24 | 29.5% | 6.6% | ||
| Q3 24 | 26.1% | 14.8% | ||
| Q2 24 | 21.3% | 12.2% | ||
| Q1 24 | 22.5% | 13.5% |
| Q4 25 | $1.36 | $0.30 | ||
| Q3 25 | $0.93 | $1.70 | ||
| Q2 25 | $0.94 | $0.65 | ||
| Q1 25 | $0.82 | $0.62 | ||
| Q4 24 | $0.99 | $0.32 | ||
| Q3 24 | $1.03 | $1.59 | ||
| Q2 24 | $0.80 | $0.76 | ||
| 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 | — | $211.7M |
| 总债务越低越好 | $190.0M | $793.2M |
| 股东权益账面价值 | $438.8M | $1.8B |
| 总资产 | $1.6B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.44× |
8季度趋势，按日历期对齐
| Q4 25 | — | $211.7M | ||
| Q3 25 | — | $379.2M | ||
| Q2 25 | — | $189.2M | ||
| Q1 25 | — | $174.3M | ||
| Q4 24 | — | $132.0M | ||
| Q3 24 | — | $481.2M | ||
| Q2 24 | — | $359.2M | ||
| Q1 24 | — | $416.2M |
| Q4 25 | $190.0M | $793.2M | ||
| Q3 25 | $190.0M | $802.7M | ||
| Q2 25 | $200.0M | $872.8M | ||
| Q1 25 | $200.0M | $872.5M | ||
| Q4 24 | $200.0M | $806.8M | ||
| Q3 24 | $200.0M | $706.4M | ||
| Q2 24 | $200.0M | $706.1M | ||
| Q1 24 | $200.0M | $705.7M |
| Q4 25 | $438.8M | $1.8B | ||
| Q3 25 | $402.1M | $1.8B | ||
| Q2 25 | $381.8M | $1.7B | ||
| Q1 25 | $356.5M | $1.6B | ||
| Q4 24 | $388.9M | $1.6B | ||
| Q3 24 | $372.1M | $1.6B | ||
| Q2 24 | $341.2M | $1.5B | ||
| Q1 24 | $320.3M | $1.5B |
| Q4 25 | $1.6B | $3.2B | ||
| Q3 25 | $1.6B | $3.1B | ||
| Q2 25 | $1.4B | $3.1B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.6B | $3.0B | ||
| Q3 24 | $1.6B | $2.8B | ||
| Q2 24 | $1.5B | $2.7B | ||
| Q1 24 | $1.5B | $2.6B |
| Q4 25 | 0.43× | 0.44× | ||
| Q3 25 | 0.47× | 0.45× | ||
| Q2 25 | 0.52× | 0.52× | ||
| Q1 25 | 0.56× | 0.53× | ||
| Q4 24 | 0.51× | 0.50× | ||
| Q3 24 | 0.54× | 0.44× | ||
| Q2 24 | 0.59× | 0.47× | ||
| Q1 24 | 0.62× | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $-157.1M |
| 自由现金流率自由现金流/营收 | 51.2% | -57.5% |
| 资本支出强度资本支出/营收 | 0.1% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.46× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $93.0M |
8季度趋势，按日历期对齐
| Q4 25 | $172.0M | $-157.0M | ||
| Q3 25 | $40.4M | $256.3M | ||
| Q2 25 | $50.9M | $15.8M | ||
| Q1 25 | $157.9M | $-19.8M | ||
| Q4 24 | $372.8M | $-450.0M | ||
| Q3 24 | $112.8M | $119.2M | ||
| Q2 24 | $75.9M | $-61.7M | ||
| Q1 24 | $147.0M | $-59.2M |
| Q4 25 | $171.6M | $-157.1M | ||
| Q3 25 | $40.4M | $255.6M | ||
| Q2 25 | $50.9M | $15.0M | ||
| Q1 25 | $157.7M | $-20.5M | ||
| Q4 24 | $371.3M | — | ||
| Q3 24 | $112.4M | $118.4M | ||
| Q2 24 | $75.2M | $-62.3M | ||
| Q1 24 | $146.9M | $-59.8M |
| Q4 25 | 51.2% | -57.5% | ||
| Q3 25 | 13.4% | 38.1% | ||
| Q2 25 | 18.0% | 3.8% | ||
| Q1 25 | 56.9% | -5.8% | ||
| Q4 24 | 125.0% | — | ||
| Q3 24 | 40.2% | 21.5% | ||
| Q2 24 | 27.8% | -19.6% | ||
| Q1 24 | 55.6% | -17.9% |
| Q4 25 | 0.1% | 0.0% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.5% | 0.0% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.2% | 0.2% | ||
| Q1 24 | 0.0% | 0.2% |
| Q4 25 | 1.46× | -10.19× | ||
| Q3 25 | 0.60× | 2.95× | ||
| Q2 25 | 0.75× | 0.48× | ||
| Q1 25 | 2.58× | -0.63× | ||
| Q4 24 | 4.26× | -27.27× | ||
| Q3 24 | 1.54× | 1.46× | ||
| Q2 24 | 1.32× | -1.59× | ||
| Q1 24 | 2.47× | -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
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
