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Artisan Partners Asset Management Inc.（APAM）与IPG PHOTONICS CORP（IPGP）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IPG PHOTONICS CORP的1.2倍（$335.5M vs $274.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 4.8%，领先30.4%），IPG PHOTONICS CORP同比增速更快（17.1% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $10.9M），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 4.4%）
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。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
APAM vs IPGP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $274.5M |
| 净利润 | $118.1M | $13.3M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 39.2% | 1.2% |
| 净利率 | 35.2% | 4.8% |
| 营收同比 | 12.9% | 17.1% |
| 净利润同比 | 34.9% | 69.8% |
| 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 | $274.5M | ||
| Q3 25 | $301.3M | $250.8M | ||
| Q2 25 | $282.7M | $250.7M | ||
| Q1 25 | $277.1M | $227.8M | ||
| Q4 24 | $297.1M | $234.3M | ||
| Q3 24 | $279.6M | $233.1M | ||
| Q2 24 | $270.8M | $257.6M | ||
| Q1 24 | $264.4M | $252.0M |
| Q4 25 | $118.1M | $13.3M | ||
| Q3 25 | $66.8M | $7.5M | ||
| Q2 25 | $67.6M | $6.6M | ||
| Q1 25 | $61.1M | $3.8M | ||
| Q4 24 | $87.5M | $7.8M | ||
| Q3 24 | $73.0M | $-233.6M | ||
| Q2 24 | $57.6M | $20.2M | ||
| Q1 24 | $59.5M | $24.1M |
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 38.7% |
| Q4 25 | 39.2% | 1.2% | ||
| Q3 25 | 33.8% | 3.1% | ||
| Q2 25 | 28.2% | 0.0% | ||
| Q1 25 | 31.2% | 0.8% | ||
| Q4 24 | 36.7% | 6.0% | ||
| Q3 24 | 33.3% | -108.7% | ||
| Q2 24 | 32.0% | 4.7% | ||
| Q1 24 | 29.4% | 7.6% |
| Q4 25 | 35.2% | 4.8% | ||
| Q3 25 | 22.2% | 3.0% | ||
| Q2 25 | 23.9% | 2.6% | ||
| Q1 25 | 22.1% | 1.6% | ||
| Q4 24 | 29.5% | 3.3% | ||
| Q3 24 | 26.1% | -100.2% | ||
| Q2 24 | 21.3% | 7.8% | ||
| Q1 24 | 22.5% | 9.6% |
| Q4 25 | $1.36 | $0.30 | ||
| Q3 25 | $0.93 | $0.18 | ||
| Q2 25 | $0.94 | $0.16 | ||
| Q1 25 | $0.82 | $0.09 | ||
| Q4 24 | $0.99 | $0.27 | ||
| Q3 24 | $1.03 | $-5.33 | ||
| Q2 24 | $0.80 | $0.45 | ||
| Q1 24 | $0.84 | $0.52 |
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 | — | $839.3M |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $2.1B |
| 总资产 | $1.6B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
| Q4 25 | — | $839.3M | ||
| Q3 25 | — | $870.4M | ||
| Q2 25 | — | $899.6M | ||
| Q1 25 | — | $926.9M | ||
| Q4 24 | — | $930.2M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | — |
| Q4 25 | $438.8M | $2.1B | ||
| Q3 25 | $402.1M | $2.1B | ||
| Q2 25 | $381.8M | $2.1B | ||
| Q1 25 | $356.5M | $2.1B | ||
| Q4 24 | $388.9M | $2.0B | ||
| Q3 24 | $372.1M | $2.1B | ||
| Q2 24 | $341.2M | $2.3B | ||
| Q1 24 | $320.3M | $2.3B |
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.6B | $2.4B | ||
| Q2 25 | $1.4B | $2.4B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.6B | $2.4B | ||
| Q2 24 | $1.5B | $2.5B | ||
| Q1 24 | $1.5B | $2.6B |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.62× | — |
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 | $28.8M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $10.9M |
| 自由现金流率自由现金流/营收 | 51.2% | 4.0% |
| 资本支出强度资本支出/营收 | 0.1% | 6.5% |
| 现金转化率经营现金流/净利润 | 1.46× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $-3.5M |
8季度趋势，按日历期对齐
| Q4 25 | $172.0M | $28.8M | ||
| Q3 25 | $40.4M | $35.3M | ||
| Q2 25 | $50.9M | $-2.2M | ||
| Q1 25 | $157.9M | $13.4M | ||
| Q4 24 | $372.8M | $73.8M | ||
| Q3 24 | $112.8M | $66.1M | ||
| Q2 24 | $75.9M | $53.5M | ||
| Q1 24 | $147.0M | $54.6M |
| Q4 25 | $171.6M | $10.9M | ||
| Q3 25 | $40.4M | $14.6M | ||
| Q2 25 | $50.9M | $-17.6M | ||
| Q1 25 | $157.7M | $-11.4M | ||
| Q4 24 | $371.3M | $50.6M | ||
| Q3 24 | $112.4M | $43.0M | ||
| Q2 24 | $75.2M | $29.2M | ||
| Q1 24 | $146.9M | $26.5M |
| Q4 25 | 51.2% | 4.0% | ||
| Q3 25 | 13.4% | 5.8% | ||
| Q2 25 | 18.0% | -7.0% | ||
| Q1 25 | 56.9% | -5.0% | ||
| Q4 24 | 125.0% | 21.6% | ||
| Q3 24 | 40.2% | 18.4% | ||
| Q2 24 | 27.8% | 11.3% | ||
| Q1 24 | 55.6% | 10.5% |
| Q4 25 | 0.1% | 6.5% | ||
| Q3 25 | 0.0% | 8.3% | ||
| Q2 25 | 0.0% | 6.1% | ||
| Q1 25 | 0.1% | 10.9% | ||
| Q4 24 | 0.5% | 9.9% | ||
| Q3 24 | 0.1% | 9.9% | ||
| Q2 24 | 0.2% | 9.4% | ||
| Q1 24 | 0.0% | 11.1% |
| Q4 25 | 1.46× | 2.17× | ||
| Q3 25 | 0.60× | 4.73× | ||
| Q2 25 | 0.75× | -0.34× | ||
| Q1 25 | 2.58× | 3.58× | ||
| Q4 24 | 4.26× | 9.44× | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.32× | 2.65× | ||
| Q1 24 | 2.47× | 2.27× |
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
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
