vs
Artisan Partners Asset Management Inc.（APAM）与玛斯特锁（MBC）财务数据对比。点击上方公司名可切换其他公司
玛斯特锁的季度营收约是Artisan Partners Asset Management Inc.的1.8倍（$618.0M vs $335.5M），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs -6.4%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $-146.2M），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。
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
APAM vs MBC — 直观对比
营收规模更大
MBC
是对方的1.8倍
$335.5M
营收增速更快
APAM
高出19.4%
-6.4%
自由现金流更多
APAM
多$317.8M
$-146.2M
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 | $618.0M |
| 净利润 | $118.1M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 39.2% | — |
| 净利率 | 35.2% | — |
| 营收同比 | 12.9% | -6.4% |
| 净利润同比 | 34.9% | — |
| 每股收益（稀释后） | $1.36 | $-0.12 |
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APAMMBC
| Q1 26 | — | $618.0M | ||
| Q4 25 | $335.5M | $644.6M | ||
| Q3 25 | $301.3M | $698.9M | ||
| Q2 25 | $282.7M | $730.9M | ||
| Q1 25 | $277.1M | $660.3M | ||
| Q4 24 | $297.1M | $667.7M | ||
| Q3 24 | $279.6M | $718.1M | ||
| Q2 24 | $270.8M | $676.5M |
净利润APAMMBC
| Q1 26 | — | — | ||
| Q4 25 | $118.1M | $-42.0M | ||
| Q3 25 | $66.8M | $18.1M | ||
| Q2 25 | $67.6M | $37.3M | ||
| Q1 25 | $61.1M | $13.3M | ||
| Q4 24 | $87.5M | $14.0M | ||
| Q3 24 | $73.0M | $29.1M | ||
| Q2 24 | $57.6M | $45.3M |
毛利率APAMMBC
| Q1 26 | — | 25.3% | ||
| Q4 25 | — | 26.0% | ||
| Q3 25 | — | 31.2% | ||
| Q2 25 | — | 32.8% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | — | 30.4% | ||
| Q3 24 | — | 33.1% | ||
| Q2 24 | — | 34.1% |
营业利润率APAMMBC
| Q1 26 | — | — | ||
| Q4 25 | 39.2% | -4.2% | ||
| Q3 25 | 33.8% | 6.0% | ||
| Q2 25 | 28.2% | 9.2% | ||
| Q1 25 | 31.2% | 5.6% | ||
| Q4 24 | 36.7% | 5.6% | ||
| Q3 24 | 33.3% | 8.0% | ||
| Q2 24 | 32.0% | 11.5% |
净利率APAMMBC
| Q1 26 | — | — | ||
| Q4 25 | 35.2% | -6.5% | ||
| Q3 25 | 22.2% | 2.6% | ||
| Q2 25 | 23.9% | 5.1% | ||
| Q1 25 | 22.1% | 2.0% | ||
| Q4 24 | 29.5% | 2.1% | ||
| Q3 24 | 26.1% | 4.1% | ||
| Q2 24 | 21.3% | 6.7% |
每股收益（稀释后）APAMMBC
| Q1 26 | — | $-0.12 | ||
| Q4 25 | $1.36 | $-0.32 | ||
| Q3 25 | $0.93 | $0.14 | ||
| Q2 25 | $0.94 | $0.29 | ||
| Q1 25 | $0.82 | $0.10 | ||
| Q4 24 | $0.99 | $0.10 | ||
| Q3 24 | $1.03 | $0.22 | ||
| Q2 24 | $0.80 | $0.35 |
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 | — | $138.4M |
| 总债务越低越好 | $190.0M | $1.1B |
| 股东权益账面价值 | $438.8M | $1.3B |
| 总资产 | $1.6B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资APAMMBC
| Q1 26 | — | $138.4M | ||
| Q4 25 | — | $183.3M | ||
| Q3 25 | — | $114.8M | ||
| Q2 25 | — | $120.1M | ||
| Q1 25 | — | $113.5M | ||
| Q4 24 | — | $120.6M | ||
| Q3 24 | — | $108.4M | ||
| Q2 24 | — | $189.4M |
总债务APAMMBC
| Q1 26 | — | $1.1B | ||
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | $1.0B | ||
| Q3 24 | $200.0M | $1.1B | ||
| Q2 24 | $200.0M | — |
股东权益APAMMBC
| Q1 26 | — | $1.3B | ||
| Q4 25 | $438.8M | $1.3B | ||
| Q3 25 | $402.1M | $1.4B | ||
| Q2 25 | $381.8M | $1.4B | ||
| Q1 25 | $356.5M | $1.3B | ||
| Q4 24 | $388.9M | $1.3B | ||
| Q3 24 | $372.1M | $1.3B | ||
| Q2 24 | $341.2M | $1.3B |
总资产APAMMBC
| Q1 26 | — | $3.1B | ||
| Q4 25 | $1.6B | $3.1B | ||
| Q3 25 | $1.6B | $3.0B | ||
| Q2 25 | $1.4B | $3.0B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.6B | $2.9B | ||
| Q3 24 | $1.6B | $3.0B | ||
| Q2 24 | $1.5B | $2.4B |
负债/权益比APAMMBC
| Q1 26 | — | 0.82× | ||
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.51× | 0.79× | ||
| Q3 24 | 0.54× | 0.83× | ||
| 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 | $-133.0M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $-146.2M |
| 自由现金流率自由现金流/营收 | 51.2% | -23.7% |
| 资本支出强度资本支出/营收 | 0.1% | 2.1% |
| 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 | $12.5M |
8季度趋势，按日历期对齐
经营现金流APAMMBC
| Q1 26 | — | $-133.0M | ||
| Q4 25 | $172.0M | $86.9M | ||
| Q3 25 | $40.4M | $55.4M | ||
| Q2 25 | $50.9M | $84.8M | ||
| Q1 25 | $157.9M | $-31.4M | ||
| Q4 24 | $372.8M | $115.1M | ||
| Q3 24 | $112.8M | $80.8M | ||
| Q2 24 | $75.9M | $77.4M |
自由现金流APAMMBC
| Q1 26 | — | $-146.2M | ||
| Q4 25 | $171.6M | $52.5M | ||
| Q3 25 | $40.4M | $39.5M | ||
| Q2 25 | $50.9M | $66.7M | ||
| Q1 25 | $157.7M | $-41.2M | ||
| Q4 24 | $371.3M | $68.8M | ||
| Q3 24 | $112.4M | $64.5M | ||
| Q2 24 | $75.2M | $66.1M |
自由现金流率APAMMBC
| Q1 26 | — | -23.7% | ||
| Q4 25 | 51.2% | 8.1% | ||
| Q3 25 | 13.4% | 5.7% | ||
| Q2 25 | 18.0% | 9.1% | ||
| Q1 25 | 56.9% | -6.2% | ||
| Q4 24 | 125.0% | 10.3% | ||
| Q3 24 | 40.2% | 9.0% | ||
| Q2 24 | 27.8% | 9.8% |
资本支出强度APAMMBC
| Q1 26 | — | 2.1% | ||
| Q4 25 | 0.1% | 5.3% | ||
| Q3 25 | 0.0% | 2.3% | ||
| Q2 25 | 0.0% | 2.5% | ||
| Q1 25 | 0.1% | 1.5% | ||
| Q4 24 | 0.5% | 6.9% | ||
| Q3 24 | 0.1% | 2.3% | ||
| Q2 24 | 0.2% | 1.7% |
现金转化率APAMMBC
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | 3.06× | ||
| Q2 25 | 0.75× | 2.27× | ||
| Q1 25 | 2.58× | -2.36× | ||
| Q4 24 | 4.26× | 8.22× | ||
| Q3 24 | 1.54× | 2.78× | ||
| Q2 24 | 1.32× | 1.71× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
