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Artisan Partners Asset Management Inc.（APAM）与Limbach Holdings, Inc.（LMB）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Limbach Holdings, Inc.的1.8倍（$335.5M vs $186.9M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 6.6%，领先28.6%），Limbach Holdings, Inc.同比增速更快（30.1% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $27.9M），过去两年Limbach Holdings, Inc.的营收复合增速更高（25.3% 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。
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
APAM vs LMB — 直观对比
营收规模更大
APAM
是对方的1.8倍
$186.9M
营收增速更快
LMB
高出17.1%
12.9%
净利率更高
APAM
高出28.6%
6.6%
自由现金流更多
APAM
多$143.7M
$27.9M
两年增速更快
LMB
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $186.9M |
| 净利润 | $118.1M | $12.3M |
| 毛利率 | — | 25.7% |
| 营业利润率 | 39.2% | 9.4% |
| 净利率 | 35.2% | 6.6% |
| 营收同比 | 12.9% | 30.1% |
| 净利润同比 | 34.9% | 25.0% |
| 每股收益（稀释后） | $1.36 | $1.01 |
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APAMLMB
| Q4 25 | $335.5M | $186.9M | ||
| Q3 25 | $301.3M | $184.6M | ||
| Q2 25 | $282.7M | $142.2M | ||
| Q1 25 | $277.1M | $133.1M | ||
| Q4 24 | $297.1M | $143.7M | ||
| Q3 24 | $279.6M | $133.9M | ||
| Q2 24 | $270.8M | $122.2M | ||
| Q1 24 | $264.4M | $119.0M |
净利润APAMLMB
| Q4 25 | $118.1M | $12.3M | ||
| Q3 25 | $66.8M | $8.8M | ||
| Q2 25 | $67.6M | $7.8M | ||
| Q1 25 | $61.1M | $10.2M | ||
| Q4 24 | $87.5M | $9.8M | ||
| Q3 24 | $73.0M | $7.5M | ||
| Q2 24 | $57.6M | $6.0M | ||
| Q1 24 | $59.5M | $7.6M |
毛利率APAMLMB
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | — | 27.0% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 26.1% |
营业利润率APAMLMB
| Q4 25 | 39.2% | 9.4% | ||
| Q3 25 | 33.8% | 7.2% | ||
| Q2 25 | 28.2% | 7.5% | ||
| Q1 25 | 31.2% | 5.9% | ||
| Q4 24 | 36.7% | 9.1% | ||
| Q3 24 | 33.3% | 8.1% | ||
| Q2 24 | 32.0% | 6.7% | ||
| Q1 24 | 29.4% | 5.5% |
净利率APAMLMB
| Q4 25 | 35.2% | 6.6% | ||
| Q3 25 | 22.2% | 4.8% | ||
| Q2 25 | 23.9% | 5.5% | ||
| Q1 25 | 22.1% | 7.7% | ||
| Q4 24 | 29.5% | 6.9% | ||
| Q3 24 | 26.1% | 5.6% | ||
| Q2 24 | 21.3% | 4.9% | ||
| Q1 24 | 22.5% | 6.4% |
每股收益（稀释后）APAMLMB
| Q4 25 | $1.36 | $1.01 | ||
| Q3 25 | $0.93 | $0.73 | ||
| Q2 25 | $0.94 | $0.64 | ||
| Q1 25 | $0.82 | $0.85 | ||
| Q4 24 | $0.99 | $0.81 | ||
| Q3 24 | $1.03 | $0.62 | ||
| Q2 24 | $0.80 | $0.50 | ||
| Q1 24 | $0.84 | $0.64 |
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 | — | $11.3M |
| 总债务越低越好 | $190.0M | $30.5M |
| 股东权益账面价值 | $438.8M | $195.7M |
| 总资产 | $1.6B | $381.1M |
| 负债/权益比越低杠杆越低 | 0.43× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资APAMLMB
| Q4 25 | — | $11.3M | ||
| Q3 25 | — | $9.8M | ||
| Q2 25 | — | $38.9M | ||
| Q1 25 | — | $38.1M | ||
| Q4 24 | — | $44.9M | ||
| Q3 24 | — | $51.2M | ||
| Q2 24 | — | $59.5M | ||
| Q1 24 | — | $48.2M |
总债务APAMLMB
| Q4 25 | $190.0M | $30.5M | ||
| Q3 25 | $190.0M | $56.3M | ||
| Q2 25 | $200.0M | $28.4M | ||
| Q1 25 | $200.0M | $23.7M | ||
| Q4 24 | $200.0M | $23.6M | ||
| Q3 24 | $200.0M | $20.5M | ||
| Q2 24 | $200.0M | $19.7M | ||
| Q1 24 | $200.0M | $19.4M |
股东权益APAMLMB
| Q4 25 | $438.8M | $195.7M | ||
| Q3 25 | $402.1M | $181.6M | ||
| Q2 25 | $381.8M | $170.5M | ||
| Q1 25 | $356.5M | $161.1M | ||
| Q4 24 | $388.9M | $153.5M | ||
| Q3 24 | $372.1M | $142.2M | ||
| Q2 24 | $341.2M | $133.0M | ||
| Q1 24 | $320.3M | $125.5M |
总资产APAMLMB
| Q4 25 | $1.6B | $381.1M | ||
| Q3 25 | $1.6B | $409.1M | ||
| Q2 25 | $1.4B | $343.0M | ||
| Q1 25 | $1.4B | $336.4M | ||
| Q4 24 | $1.6B | $352.1M | ||
| Q3 24 | $1.6B | $324.4M | ||
| Q2 24 | $1.5B | $303.9M | ||
| Q1 24 | $1.5B | $289.2M |
负债/权益比APAMLMB
| Q4 25 | 0.43× | 0.16× | ||
| Q3 25 | 0.47× | 0.31× | ||
| Q2 25 | 0.52× | 0.17× | ||
| Q1 25 | 0.56× | 0.15× | ||
| Q4 24 | 0.51× | 0.15× | ||
| Q3 24 | 0.54× | 0.14× | ||
| Q2 24 | 0.59× | 0.15× | ||
| Q1 24 | 0.62× | 0.15× |
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 | $28.1M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $27.9M |
| 自由现金流率自由现金流/营收 | 51.2% | 14.9% |
| 资本支出强度资本支出/营收 | 0.1% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.46× | 2.29× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $41.9M |
8季度趋势，按日历期对齐
经营现金流APAMLMB
| Q4 25 | $172.0M | $28.1M | ||
| Q3 25 | $40.4M | $13.3M | ||
| Q2 25 | $50.9M | $2.0M | ||
| Q1 25 | $157.9M | $2.2M | ||
| Q4 24 | $372.8M | $19.3M | ||
| Q3 24 | $112.8M | $4.9M | ||
| Q2 24 | $75.9M | $16.5M | ||
| Q1 24 | $147.0M | $-3.9M |
自由现金流APAMLMB
| Q4 25 | $171.6M | $27.9M | ||
| Q3 25 | $40.4M | $12.8M | ||
| Q2 25 | $50.9M | $1.2M | ||
| Q1 25 | $157.7M | $11.0K | ||
| Q4 24 | $371.3M | $18.0M | ||
| Q3 24 | $112.4M | $4.6M | ||
| Q2 24 | $75.2M | $13.2M | ||
| Q1 24 | $146.9M | $-6.5M |
自由现金流率APAMLMB
| Q4 25 | 51.2% | 14.9% | ||
| Q3 25 | 13.4% | 7.0% | ||
| Q2 25 | 18.0% | 0.8% | ||
| Q1 25 | 56.9% | 0.0% | ||
| Q4 24 | 125.0% | 12.5% | ||
| Q3 24 | 40.2% | 3.4% | ||
| Q2 24 | 27.8% | 10.8% | ||
| Q1 24 | 55.6% | -5.5% |
资本支出强度APAMLMB
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 0.0% | 0.3% | ||
| Q2 25 | 0.0% | 0.6% | ||
| Q1 25 | 0.1% | 1.7% | ||
| Q4 24 | 0.5% | 0.9% | ||
| Q3 24 | 0.1% | 0.3% | ||
| Q2 24 | 0.2% | 2.7% | ||
| Q1 24 | 0.0% | 2.1% |
现金转化率APAMLMB
| Q4 25 | 1.46× | 2.29× | ||
| Q3 25 | 0.60× | 1.52× | ||
| Q2 25 | 0.75× | 0.26× | ||
| Q1 25 | 2.58× | 0.22× | ||
| Q4 24 | 4.26× | 1.96× | ||
| Q3 24 | 1.54× | 0.66× | ||
| Q2 24 | 1.32× | 2.77× | ||
| Q1 24 | 2.47× | -0.52× |
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
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
