vs
Artisan Partners Asset Management Inc.（APAM）与MARCUS CORP（MCS）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MARCUS CORP的1.7倍（$335.5M vs $193.5M），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 2.8%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% 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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
APAM vs MCS — 直观对比
营收规模更大
APAM
是对方的1.7倍
$193.5M
营收增速更快
APAM
高出10.2%
2.8%
自由现金流更多
APAM
多$145.2M
$26.4M
两年增速更快
MCS
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $193.5M |
| 净利润 | $118.1M | — |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 0.9% |
| 净利率 | 35.2% | — |
| 营收同比 | 12.9% | 2.8% |
| 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APAMMCS
| Q4 25 | $335.5M | $193.5M | ||
| Q3 25 | $301.3M | $210.2M | ||
| Q2 25 | $282.7M | $206.0M | ||
| Q1 25 | $277.1M | $148.8M | ||
| Q4 24 | $297.1M | $188.3M | ||
| Q3 24 | $279.6M | $232.7M | ||
| Q2 24 | $270.8M | $176.0M | ||
| Q1 24 | $264.4M | $138.5M |
净利润APAMMCS
| Q4 25 | $118.1M | — | ||
| Q3 25 | $66.8M | $16.2M | ||
| Q2 25 | $67.6M | $7.3M | ||
| Q1 25 | $61.1M | $-16.8M | ||
| Q4 24 | $87.5M | $986.0K | ||
| Q3 24 | $73.0M | $23.3M | ||
| Q2 24 | $57.6M | $-20.2M | ||
| Q1 24 | $59.5M | $-11.9M |
营业利润率APAMMCS
| Q4 25 | 39.2% | 0.9% | ||
| Q3 25 | 33.8% | 10.8% | ||
| Q2 25 | 28.2% | 6.3% | ||
| Q1 25 | 31.2% | -13.7% | ||
| Q4 24 | 36.7% | -1.2% | ||
| Q3 24 | 33.3% | 14.1% | ||
| Q2 24 | 32.0% | 1.3% | ||
| Q1 24 | 29.4% | -12.0% |
净利率APAMMCS
| Q4 25 | 35.2% | — | ||
| Q3 25 | 22.2% | 7.7% | ||
| Q2 25 | 23.9% | 3.6% | ||
| Q1 25 | 22.1% | -11.3% | ||
| Q4 24 | 29.5% | 0.5% | ||
| Q3 24 | 26.1% | 10.0% | ||
| Q2 24 | 21.3% | -11.5% | ||
| Q1 24 | 22.5% | -8.6% |
每股收益（稀释后）APAMMCS
| Q4 25 | $1.36 | — | ||
| Q3 25 | $0.93 | — | ||
| Q2 25 | $0.94 | — | ||
| Q1 25 | $0.82 | — | ||
| Q4 24 | $0.99 | — | ||
| Q3 24 | $1.03 | — | ||
| Q2 24 | $0.80 | — | ||
| Q1 24 | $0.84 | — |
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 | — | $23.4M |
| 总债务越低越好 | $190.0M | $159.0M |
| 股东权益账面价值 | $438.8M | $457.4M |
| 总资产 | $1.6B | $1.0B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资APAMMCS
| Q4 25 | — | $23.4M | ||
| Q3 25 | — | $7.4M | ||
| Q2 25 | — | $14.9M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | — | $40.8M | ||
| Q3 24 | — | $28.4M | ||
| Q2 24 | — | $32.8M | ||
| Q1 24 | — | $17.3M |
总债务APAMMCS
| Q4 25 | $190.0M | $159.0M | ||
| Q3 25 | $190.0M | $162.0M | ||
| Q2 25 | $200.0M | $179.9M | ||
| Q1 25 | $200.0M | $198.9M | ||
| Q4 24 | $200.0M | $159.1M | ||
| Q3 24 | $200.0M | $173.1M | ||
| Q2 24 | $200.0M | $175.7M | ||
| Q1 24 | $200.0M | $169.8M |
股东权益APAMMCS
| Q4 25 | $438.8M | $457.4M | ||
| Q3 25 | $402.1M | $454.3M | ||
| Q2 25 | $381.8M | $448.4M | ||
| Q1 25 | $356.5M | $441.8M | ||
| Q4 24 | $388.9M | $464.9M | ||
| Q3 24 | $372.1M | $462.3M | ||
| Q2 24 | $341.2M | $449.4M | ||
| Q1 24 | $320.3M | $459.3M |
总资产APAMMCS
| Q4 25 | $1.6B | $1.0B | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $1.0B |
负债/权益比APAMMCS
| Q4 25 | 0.43× | 0.35× | ||
| Q3 25 | 0.47× | 0.36× | ||
| Q2 25 | 0.52× | 0.40× | ||
| Q1 25 | 0.56× | 0.45× | ||
| Q4 24 | 0.51× | 0.34× | ||
| Q3 24 | 0.54× | 0.37× | ||
| Q2 24 | 0.59× | 0.39× | ||
| Q1 24 | 0.62× | 0.37× |
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 | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $26.4M |
| 自由现金流率自由现金流/营收 | 51.2% | 13.6% |
| 资本支出强度资本支出/营收 | 0.1% | 11.6% |
| 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 | $989.0K |
8季度趋势，按日历期对齐
经营现金流APAMMCS
| Q4 25 | $172.0M | $48.8M | ||
| Q3 25 | $40.4M | $39.1M | ||
| Q2 25 | $50.9M | $31.6M | ||
| Q1 25 | $157.9M | $-35.3M | ||
| Q4 24 | $372.8M | $52.6M | ||
| Q3 24 | $112.8M | $30.5M | ||
| Q2 24 | $75.9M | $36.0M | ||
| Q1 24 | $147.0M | $-15.1M |
自由现金流APAMMCS
| Q4 25 | $171.6M | $26.4M | ||
| Q3 25 | $40.4M | $18.2M | ||
| Q2 25 | $50.9M | $14.7M | ||
| Q1 25 | $157.7M | $-58.3M | ||
| Q4 24 | $371.3M | $27.1M | ||
| Q3 24 | $112.4M | $12.0M | ||
| Q2 24 | $75.2M | $16.1M | ||
| Q1 24 | $146.9M | $-30.5M |
自由现金流率APAMMCS
| Q4 25 | 51.2% | 13.6% | ||
| Q3 25 | 13.4% | 8.7% | ||
| Q2 25 | 18.0% | 7.1% | ||
| Q1 25 | 56.9% | -39.2% | ||
| Q4 24 | 125.0% | 14.4% | ||
| Q3 24 | 40.2% | 5.2% | ||
| Q2 24 | 27.8% | 9.2% | ||
| Q1 24 | 55.6% | -22.0% |
资本支出强度APAMMCS
| Q4 25 | 0.1% | 11.6% | ||
| Q3 25 | 0.0% | 9.9% | ||
| Q2 25 | 0.0% | 8.2% | ||
| Q1 25 | 0.1% | 15.5% | ||
| Q4 24 | 0.5% | 13.5% | ||
| Q3 24 | 0.1% | 7.9% | ||
| Q2 24 | 0.2% | 11.3% | ||
| Q1 24 | 0.0% | 11.1% |
现金转化率APAMMCS
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | 2.41× | ||
| Q2 25 | 0.75× | 4.32× | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | 53.31× | ||
| Q3 24 | 1.54× | 1.31× | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 2.47× | — |
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
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
