vs
Artisan Partners Asset Management Inc.（APAM）与FEDERAL SIGNAL CORP（FSS）财务数据对比。点击上方公司名可切换其他公司
FEDERAL SIGNAL CORP的季度营收约是Artisan Partners Asset Management Inc.的1.8倍（$597.1M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 10.2%，领先25.0%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $89.5M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% 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。
联邦信号公司是20世纪早期的美国企业，主营铁路信号设备的制造业务，总部坐落于美国纽约州奥尔巴尼市，其生产的相关信号产品在当时的美国轨道交通行业得到了广泛应用，具备一定的行业知名度。
APAM vs FSS — 直观对比
营收规模更大
FSS
是对方的1.8倍
$335.5M
营收增速更快
FSS
高出13.6%
12.9%
净利率更高
APAM
高出25.0%
10.2%
自由现金流更多
APAM
多$82.1M
$89.5M
两年增速更快
FSS
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $597.1M |
| 净利润 | $118.1M | $60.8M |
| 毛利率 | — | 28.4% |
| 营业利润率 | 39.2% | 14.0% |
| 净利率 | 35.2% | 10.2% |
| 营收同比 | 12.9% | 26.5% |
| 净利润同比 | 34.9% | 21.6% |
| 每股收益（稀释后） | $1.36 | $0.99 |
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APAMFSS
| Q4 25 | $335.5M | $597.1M | ||
| Q3 25 | $301.3M | $555.0M | ||
| Q2 25 | $282.7M | $564.6M | ||
| Q1 25 | $277.1M | $463.8M | ||
| Q4 24 | $297.1M | $472.0M | ||
| Q3 24 | $279.6M | $474.2M | ||
| Q2 24 | $270.8M | $490.4M | ||
| Q1 24 | $264.4M | $424.9M |
净利润APAMFSS
| Q4 25 | $118.1M | $60.8M | ||
| Q3 25 | $66.8M | $68.1M | ||
| Q2 25 | $67.6M | $71.4M | ||
| Q1 25 | $61.1M | $46.3M | ||
| Q4 24 | $87.5M | $50.0M | ||
| Q3 24 | $73.0M | $53.9M | ||
| Q2 24 | $57.6M | $60.8M | ||
| Q1 24 | $59.5M | $51.6M |
毛利率APAMFSS
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 29.1% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 29.4% | ||
| Q1 24 | — | 27.3% |
营业利润率APAMFSS
| Q4 25 | 39.2% | 14.0% | ||
| Q3 25 | 33.8% | 16.9% | ||
| Q2 25 | 28.2% | 17.3% | ||
| Q1 25 | 31.2% | 14.2% | ||
| Q4 24 | 36.7% | 14.9% | ||
| Q3 24 | 33.3% | 16.0% | ||
| Q2 24 | 32.0% | 16.5% | ||
| Q1 24 | 29.4% | 12.8% |
净利率APAMFSS
| Q4 25 | 35.2% | 10.2% | ||
| Q3 25 | 22.2% | 12.3% | ||
| Q2 25 | 23.9% | 12.6% | ||
| Q1 25 | 22.1% | 10.0% | ||
| Q4 24 | 29.5% | 10.6% | ||
| Q3 24 | 26.1% | 11.4% | ||
| Q2 24 | 21.3% | 12.4% | ||
| Q1 24 | 22.5% | 12.1% |
每股收益（稀释后）APAMFSS
| Q4 25 | $1.36 | $0.99 | ||
| Q3 25 | $0.93 | $1.11 | ||
| Q2 25 | $0.94 | $1.16 | ||
| Q1 25 | $0.82 | $0.75 | ||
| Q4 24 | $0.99 | $0.80 | ||
| Q3 24 | $1.03 | $0.87 | ||
| Q2 24 | $0.80 | $0.99 | ||
| Q1 24 | $0.84 | $0.84 |
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 | — | $63.7M |
| 总债务越低越好 | $190.0M | $564.6M |
| 股东权益账面价值 | $438.8M | $1.4B |
| 总资产 | $1.6B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资APAMFSS
| Q4 25 | — | $63.7M | ||
| Q3 25 | — | $54.4M | ||
| Q2 25 | — | $64.7M | ||
| Q1 25 | — | $57.5M | ||
| Q4 24 | — | $91.1M | ||
| Q3 24 | — | $73.7M | ||
| Q2 24 | — | $48.6M | ||
| Q1 24 | — | $48.9M |
总债务APAMFSS
| Q4 25 | $190.0M | $564.6M | ||
| Q3 25 | $190.0M | $201.2M | ||
| Q2 25 | $200.0M | $258.3M | ||
| Q1 25 | $200.0M | $266.9M | ||
| Q4 24 | $200.0M | $204.4M | ||
| Q3 24 | $200.0M | $223.3M | ||
| Q2 24 | $200.0M | $248.8M | ||
| Q1 24 | $200.0M | $266.8M |
股东权益APAMFSS
| Q4 25 | $438.8M | $1.4B | ||
| Q3 25 | $402.1M | $1.3B | ||
| Q2 25 | $381.8M | $1.3B | ||
| Q1 25 | $356.5M | $1.2B | ||
| Q4 24 | $388.9M | $1.2B | ||
| Q3 24 | $372.1M | $1.1B | ||
| Q2 24 | $341.2M | $1.1B | ||
| Q1 24 | $320.3M | $1.0B |
总资产APAMFSS
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.6B | $1.9B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.5B | $1.7B | ||
| Q1 24 | $1.5B | $1.7B |
负债/权益比APAMFSS
| Q4 25 | 0.43× | 0.41× | ||
| Q3 25 | 0.47× | 0.15× | ||
| Q2 25 | 0.52× | 0.20× | ||
| Q1 25 | 0.56× | 0.22× | ||
| Q4 24 | 0.51× | 0.17× | ||
| Q3 24 | 0.54× | 0.19× | ||
| Q2 24 | 0.59× | 0.23× | ||
| Q1 24 | 0.62× | 0.26× |
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 | $97.2M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $89.5M |
| 自由现金流率自由现金流/营收 | 51.2% | 15.0% |
| 资本支出强度资本支出/营收 | 0.1% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.60× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $227.1M |
8季度趋势，按日历期对齐
经营现金流APAMFSS
| Q4 25 | $172.0M | $97.2M | ||
| Q3 25 | $40.4M | $61.1M | ||
| Q2 25 | $50.9M | $59.7M | ||
| Q1 25 | $157.9M | $36.7M | ||
| Q4 24 | $372.8M | $90.6M | ||
| Q3 24 | $112.8M | $68.8M | ||
| Q2 24 | $75.9M | $40.6M | ||
| Q1 24 | $147.0M | $31.3M |
自由现金流APAMFSS
| Q4 25 | $171.6M | $89.5M | ||
| Q3 25 | $40.4M | $54.1M | ||
| Q2 25 | $50.9M | $52.4M | ||
| Q1 25 | $157.7M | $31.1M | ||
| Q4 24 | $371.3M | $82.1M | ||
| Q3 24 | $112.4M | $60.9M | ||
| Q2 24 | $75.2M | $24.8M | ||
| Q1 24 | $146.9M | $22.9M |
自由现金流率APAMFSS
| Q4 25 | 51.2% | 15.0% | ||
| Q3 25 | 13.4% | 9.7% | ||
| Q2 25 | 18.0% | 9.3% | ||
| Q1 25 | 56.9% | 6.7% | ||
| Q4 24 | 125.0% | 17.4% | ||
| Q3 24 | 40.2% | 12.8% | ||
| Q2 24 | 27.8% | 5.1% | ||
| Q1 24 | 55.6% | 5.4% |
资本支出强度APAMFSS
| Q4 25 | 0.1% | 1.3% | ||
| Q3 25 | 0.0% | 1.3% | ||
| Q2 25 | 0.0% | 1.3% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 0.5% | 1.8% | ||
| Q3 24 | 0.1% | 1.7% | ||
| Q2 24 | 0.2% | 3.2% | ||
| Q1 24 | 0.0% | 2.0% |
现金转化率APAMFSS
| Q4 25 | 1.46× | 1.60× | ||
| Q3 25 | 0.60× | 0.90× | ||
| Q2 25 | 0.75× | 0.84× | ||
| Q1 25 | 2.58× | 0.79× | ||
| Q4 24 | 4.26× | 1.81× | ||
| Q3 24 | 1.54× | 1.28× | ||
| Q2 24 | 1.32× | 0.67× | ||
| Q1 24 | 2.47× | 0.61× |
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
FSS
| Vehiclesandequipment | $403.4M | 68% |
| Parts | $66.8M | 11% |
| Publicsafetyandsecurityequipment | $62.2M | 10% |
| Rentalincome | $19.0M | 3% |
| Industrialsignalingequipment | $18.2M | 3% |
| Other | $14.9M | 2% |
| Warningsystems | $12.6M | 2% |
