vs
Artisan Partners Asset Management Inc.（APAM）与Stride, Inc.（LRN）财务数据对比。点击上方公司名可切换其他公司
Stride, Inc.的季度营收约是Artisan Partners Asset Management Inc.的1.9倍（$629.9M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 14.1%，领先21.1%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 2.7%），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 6.9%）
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。
Stride, Inc.是一家营利性教育机构，主营在线及混合式教育项目。作为教育管理机构，其为K12阶段公立学校学生提供替代传统线下教学的在线教育方案，同时也开设职业学习课程。截至2012年，这家上市企业是全球招生规模最大的教育管理机构。
APAM vs LRN — 直观对比
营收规模更大
LRN
是对方的1.9倍
$335.5M
营收增速更快
APAM
高出10.2%
2.7%
净利率更高
APAM
高出21.1%
14.1%
两年增速更快
APAM
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $629.9M |
| 净利润 | $118.1M | $88.5M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 20.5% |
| 净利率 | 35.2% | 14.1% |
| 营收同比 | 12.9% | 2.7% |
| 净利润同比 | 34.9% | 8.5% |
| 每股收益（稀释后） | $1.36 | $1.93 |
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APAMLRN
| Q3 26 | — | $629.9M | ||
| Q4 25 | $335.5M | $631.3M | ||
| Q3 25 | $301.3M | $620.9M | ||
| Q2 25 | $282.7M | $653.6M | ||
| Q1 25 | $277.1M | $613.4M | ||
| Q4 24 | $297.1M | $587.2M | ||
| Q3 24 | $279.6M | $551.1M | ||
| Q2 24 | $270.8M | — |
净利润APAMLRN
| Q3 26 | — | $88.5M | ||
| Q4 25 | $118.1M | $99.5M | ||
| Q3 25 | $66.8M | $68.8M | ||
| Q2 25 | $67.6M | $51.3M | ||
| Q1 25 | $61.1M | $99.3M | ||
| Q4 24 | $87.5M | $96.4M | ||
| Q3 24 | $73.0M | $40.9M | ||
| Q2 24 | $57.6M | — |
毛利率APAMLRN
| Q3 26 | — | — | ||
| Q4 25 | — | 41.1% | ||
| Q3 25 | — | 39.0% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 40.6% | ||
| Q4 24 | — | 40.8% | ||
| Q3 24 | — | 39.2% | ||
| Q2 24 | — | — |
营业利润率APAMLRN
| Q3 26 | — | 20.5% | ||
| Q4 25 | 39.2% | 23.3% | ||
| Q3 25 | 33.8% | 11.1% | ||
| Q2 25 | 28.2% | 8.7% | ||
| Q1 25 | 31.2% | 21.3% | ||
| Q4 24 | 36.7% | 21.3% | ||
| Q3 24 | 33.3% | 8.6% | ||
| Q2 24 | 32.0% | — |
净利率APAMLRN
| Q3 26 | — | 14.1% | ||
| Q4 25 | 35.2% | 15.8% | ||
| Q3 25 | 22.2% | 11.1% | ||
| Q2 25 | 23.9% | 7.9% | ||
| Q1 25 | 22.1% | 16.2% | ||
| Q4 24 | 29.5% | 16.4% | ||
| Q3 24 | 26.1% | 7.4% | ||
| Q2 24 | 21.3% | — |
每股收益（稀释后）APAMLRN
| Q3 26 | — | $1.93 | ||
| Q4 25 | $1.36 | $2.12 | ||
| Q3 25 | $0.93 | $1.40 | ||
| Q2 25 | $0.94 | $0.96 | ||
| Q1 25 | $0.82 | $2.02 | ||
| Q4 24 | $0.99 | $2.03 | ||
| Q3 24 | $1.03 | $0.94 | ||
| Q2 24 | $0.80 | — |
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 | — | $614.0M |
| 总债务越低越好 | $190.0M | $417.6M |
| 股东权益账面价值 | $438.8M | $1.6B |
| 总资产 | $1.6B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资APAMLRN
| Q3 26 | — | $614.0M | ||
| Q4 25 | — | $625.7M | ||
| Q3 25 | — | $715.1M | ||
| Q2 25 | — | $985.3M | ||
| Q1 25 | — | $723.7M | ||
| Q4 24 | — | $717.5M | ||
| Q3 24 | — | $522.2M | ||
| Q2 24 | — | — |
总债务APAMLRN
| Q3 26 | — | $417.6M | ||
| Q4 25 | $190.0M | $417.2M | ||
| Q3 25 | $190.0M | $416.8M | ||
| Q2 25 | $200.0M | $416.3M | ||
| Q1 25 | $200.0M | $415.9M | ||
| Q4 24 | $200.0M | $415.5M | ||
| Q3 24 | $200.0M | $415.1M | ||
| Q2 24 | $200.0M | — |
股东权益APAMLRN
| Q3 26 | — | $1.6B | ||
| Q4 25 | $438.8M | $1.5B | ||
| Q3 25 | $402.1M | $1.5B | ||
| Q2 25 | $381.8M | $1.5B | ||
| Q1 25 | $356.5M | $1.4B | ||
| Q4 24 | $388.9M | $1.3B | ||
| Q3 24 | $372.1M | $1.2B | ||
| Q2 24 | $341.2M | — |
总资产APAMLRN
| Q3 26 | — | $2.4B | ||
| Q4 25 | $1.6B | $2.3B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.4B | $2.3B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.5B | — |
负债/权益比APAMLRN
| Q3 26 | — | 0.25× | ||
| Q4 25 | 0.43× | 0.27× | ||
| Q3 25 | 0.47× | 0.27× | ||
| Q2 25 | 0.52× | 0.28× | ||
| Q1 25 | 0.56× | 0.29× | ||
| Q4 24 | 0.51× | 0.32× | ||
| Q3 24 | 0.54× | 0.34× | ||
| 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 | $117.0M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 1.46× | 1.32× |
| 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APAMLRN
| Q3 26 | — | $117.0M | ||
| Q4 25 | $172.0M | $91.8M | ||
| Q3 25 | $40.4M | $-195.8M | ||
| Q2 25 | $50.9M | $298.3M | ||
| Q1 25 | $157.9M | $53.1M | ||
| Q4 24 | $372.8M | $223.4M | ||
| Q3 24 | $112.8M | $-142.0M | ||
| Q2 24 | $75.9M | — |
自由现金流APAMLRN
| Q3 26 | — | — | ||
| Q4 25 | $171.6M | $91.6M | ||
| Q3 25 | $40.4M | $-196.1M | ||
| Q2 25 | $50.9M | $297.9M | ||
| Q1 25 | $157.7M | $52.9M | ||
| Q4 24 | $371.3M | $222.9M | ||
| Q3 24 | $112.4M | $-142.7M | ||
| Q2 24 | $75.2M | — |
自由现金流率APAMLRN
| Q3 26 | — | — | ||
| Q4 25 | 51.2% | 14.5% | ||
| Q3 25 | 13.4% | -31.6% | ||
| Q2 25 | 18.0% | 45.6% | ||
| Q1 25 | 56.9% | 8.6% | ||
| Q4 24 | 125.0% | 38.0% | ||
| Q3 24 | 40.2% | -25.9% | ||
| Q2 24 | 27.8% | — |
资本支出强度APAMLRN
| Q3 26 | — | — | ||
| Q4 25 | 0.1% | 0.0% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.0% | 0.1% | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 0.5% | 0.1% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.2% | — |
现金转化率APAMLRN
| Q3 26 | — | 1.32× | ||
| Q4 25 | 1.46× | 0.92× | ||
| Q3 25 | 0.60× | -2.85× | ||
| Q2 25 | 0.75× | 5.81× | ||
| Q1 25 | 2.58× | 0.53× | ||
| Q4 24 | 4.26× | 2.32× | ||
| Q3 24 | 1.54× | -3.47× | ||
| Q2 24 | 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
LRN
| General Education | $357.5M | 57% |
| Middle - High School | $259.5M | 41% |
| Adult | $12.9M | 2% |
