vs
Artisan Partners Asset Management Inc.（APAM）与铱星通信（IRDM）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.的季度营收约是铱星通信的1.5倍（$335.5M vs $219.1M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 9.9%，领先25.3%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 1.9%），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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
APAM vs IRDM — 直观对比
营收规模更大
APAM
是对方的1.5倍
$219.1M
营收增速更快
APAM
高出11.0%
1.9%
净利率更高
APAM
高出25.3%
9.9%
两年增速更快
APAM
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $219.1M |
| 净利润 | $118.1M | $21.6M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 23.2% |
| 净利率 | 35.2% | 9.9% |
| 营收同比 | 12.9% | 1.9% |
| 净利润同比 | 34.9% | — |
| 每股收益（稀释后） | $1.36 | — |
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APAMIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $335.5M | $212.9M | ||
| Q3 25 | $301.3M | $226.9M | ||
| Q2 25 | $282.7M | $216.9M | ||
| Q1 25 | $277.1M | $214.9M | ||
| Q4 24 | $297.1M | $213.0M | ||
| Q3 24 | $279.6M | $212.8M | ||
| Q2 24 | $270.8M | $201.1M |
净利润APAMIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $118.1M | $24.9M | ||
| Q3 25 | $66.8M | $37.1M | ||
| Q2 25 | $67.6M | $22.0M | ||
| Q1 25 | $61.1M | $30.4M | ||
| Q4 24 | $87.5M | $36.3M | ||
| Q3 24 | $73.0M | $24.4M | ||
| Q2 24 | $57.6M | $32.3M |
营业利润率APAMIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 39.2% | 25.9% | ||
| Q3 25 | 33.8% | 30.9% | ||
| Q2 25 | 28.2% | 23.2% | ||
| Q1 25 | 31.2% | 28.1% | ||
| Q4 24 | 36.7% | 24.5% | ||
| Q3 24 | 33.3% | 25.8% | ||
| Q2 24 | 32.0% | 21.7% |
净利率APAMIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | 35.2% | 11.7% | ||
| Q3 25 | 22.2% | 16.4% | ||
| Q2 25 | 23.9% | 10.1% | ||
| Q1 25 | 22.1% | 14.2% | ||
| Q4 24 | 29.5% | 17.1% | ||
| Q3 24 | 26.1% | 11.5% | ||
| Q2 24 | 21.3% | 16.1% |
每股收益（稀释后）APAMIRDM
| Q1 26 | — | — | ||
| Q4 25 | $1.36 | $0.24 | ||
| Q3 25 | $0.93 | $0.35 | ||
| Q2 25 | $0.94 | $0.20 | ||
| Q1 25 | $0.82 | $0.27 | ||
| Q4 24 | $0.99 | $0.30 | ||
| Q3 24 | $1.03 | $0.21 | ||
| Q2 24 | $0.80 | $0.27 |
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 | — | — |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | — |
| 总资产 | $1.6B | — |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资APAMIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | $96.5M | ||
| Q3 25 | — | $88.5M | ||
| Q2 25 | — | $79.3M | ||
| Q1 25 | — | $50.9M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | — | $159.6M | ||
| Q2 24 | — | $63.5M |
总债务APAMIRDM
| Q1 26 | — | — | ||
| Q4 25 | $190.0M | $1.8B | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | $1.8B | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — |
股东权益APAMIRDM
| Q1 26 | — | — | ||
| Q4 25 | $438.8M | $462.6M | ||
| Q3 25 | $402.1M | $450.5M | ||
| Q2 25 | $381.8M | $473.6M | ||
| Q1 25 | $356.5M | $518.4M | ||
| Q4 24 | $388.9M | $576.6M | ||
| Q3 24 | $372.1M | $663.8M | ||
| Q2 24 | $341.2M | $786.7M |
总资产APAMIRDM
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $2.5B | ||
| Q3 25 | $1.6B | $2.6B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $1.6B | $2.7B | ||
| Q3 24 | $1.6B | $2.8B | ||
| Q2 24 | $1.5B | $2.7B |
负债/权益比APAMIRDM
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 3.80× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.51× | 3.05× | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.59× | — |
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 | — |
| 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% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.46× | — |
| 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APAMIRDM
| Q1 26 | — | — | ||
| Q4 25 | $172.0M | $108.6M | ||
| Q3 25 | $40.4M | $100.8M | ||
| Q2 25 | $50.9M | $129.6M | ||
| Q1 25 | $157.9M | $61.1M | ||
| Q4 24 | $372.8M | $104.8M | ||
| Q3 24 | $112.8M | $118.6M | ||
| Q2 24 | $75.9M | $81.1M |
自由现金流APAMIRDM
| Q1 26 | — | — | ||
| Q4 25 | $171.6M | $75.1M | ||
| Q3 25 | $40.4M | $79.2M | ||
| Q2 25 | $50.9M | $108.9M | ||
| Q1 25 | $157.7M | $36.5M | ||
| Q4 24 | $371.3M | $80.5M | ||
| Q3 24 | $112.4M | $100.0M | ||
| Q2 24 | $75.2M | $68.7M |
自由现金流率APAMIRDM
| Q1 26 | — | — | ||
| Q4 25 | 51.2% | 35.3% | ||
| Q3 25 | 13.4% | 34.9% | ||
| Q2 25 | 18.0% | 50.2% | ||
| Q1 25 | 56.9% | 17.0% | ||
| Q4 24 | 125.0% | 37.8% | ||
| Q3 24 | 40.2% | 47.0% | ||
| Q2 24 | 27.8% | 34.2% |
资本支出强度APAMIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.1% | 15.7% | ||
| Q3 25 | 0.0% | 9.5% | ||
| Q2 25 | 0.0% | 9.5% | ||
| Q1 25 | 0.1% | 11.4% | ||
| Q4 24 | 0.5% | 11.4% | ||
| Q3 24 | 0.1% | 8.7% | ||
| Q2 24 | 0.2% | 6.2% |
现金转化率APAMIRDM
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 4.37× | ||
| Q3 25 | 0.60× | 2.71× | ||
| Q2 25 | 0.75× | 5.90× | ||
| Q1 25 | 2.58× | 2.01× | ||
| Q4 24 | 4.26× | 2.88× | ||
| Q3 24 | 1.54× | 4.85× | ||
| Q2 24 | 1.32× | 2.51× |
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
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
