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Artisan Partners Asset Management Inc.（APAM）与MADRIGAL PHARMACEUTICALS, INC.（MDGL）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MADRIGAL PHARMACEUTICALS, INC.的1.0倍（$335.5M vs $321.1M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs -18.2%，领先53.4%），MADRIGAL PHARMACEUTICALS, INC.同比增速更快（210.8% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $-133.8M）
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。
本公司是一家美国生物制药企业，成立于2002年，专注于研发新型合成胆汁酸类似物，可用于治疗原发性胆汁性胆管炎、非酒精性脂肪肝、肝硬化等慢性肝病，以及胆汁酸性腹泻等肠道疾病。
APAM vs MDGL — 直观对比
营收规模更大
APAM
是对方的1.0倍
$321.1M
营收增速更快
MDGL
高出197.8%
12.9%
净利率更高
APAM
高出53.4%
-18.2%
自由现金流更多
APAM
多$305.5M
$-133.8M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $321.1M |
| 净利润 | $118.1M | $-58.6M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | -18.6% |
| 净利率 | 35.2% | -18.2% |
| 营收同比 | 12.9% | 210.8% |
| 净利润同比 | 34.9% | 1.4% |
| 每股收益（稀释后） | $1.36 | $-2.55 |
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APAMMDGL
| Q4 25 | $335.5M | $321.1M | ||
| Q3 25 | $301.3M | $287.3M | ||
| Q2 25 | $282.7M | $212.8M | ||
| Q1 25 | $277.1M | $137.3M | ||
| Q4 24 | $297.1M | $103.3M | ||
| Q3 24 | $279.6M | $62.2M | ||
| Q2 24 | $270.8M | — | ||
| Q1 24 | $264.4M | $0 |
净利润APAMMDGL
| Q4 25 | $118.1M | $-58.6M | ||
| Q3 25 | $66.8M | $-114.2M | ||
| Q2 25 | $67.6M | $-42.3M | ||
| Q1 25 | $61.1M | $-73.2M | ||
| Q4 24 | $87.5M | $-59.4M | ||
| Q3 24 | $73.0M | $-107.0M | ||
| Q2 24 | $57.6M | — | ||
| Q1 24 | $59.5M | $-147.5M |
毛利率APAMMDGL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 96.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率APAMMDGL
| Q4 25 | 39.2% | -18.6% | ||
| Q3 25 | 33.8% | -39.7% | ||
| Q2 25 | 28.2% | -22.2% | ||
| Q1 25 | 31.2% | -57.8% | ||
| Q4 24 | 36.7% | -64.8% | ||
| Q3 24 | 33.3% | -187.1% | ||
| Q2 24 | 32.0% | — | ||
| Q1 24 | 29.4% | — |
净利率APAMMDGL
| Q4 25 | 35.2% | -18.2% | ||
| Q3 25 | 22.2% | -39.8% | ||
| Q2 25 | 23.9% | -19.9% | ||
| Q1 25 | 22.1% | -53.4% | ||
| Q4 24 | 29.5% | -57.5% | ||
| Q3 24 | 26.1% | -172.0% | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 22.5% | — |
每股收益（稀释后）APAMMDGL
| Q4 25 | $1.36 | $-2.55 | ||
| Q3 25 | $0.93 | $-5.08 | ||
| Q2 25 | $0.94 | $-1.90 | ||
| Q1 25 | $0.82 | $-3.32 | ||
| Q4 24 | $0.99 | $-2.50 | ||
| Q3 24 | $1.03 | $-4.92 | ||
| Q2 24 | $0.80 | — | ||
| Q1 24 | $0.84 | $-7.38 |
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 | — | $198.7M |
| 总债务越低越好 | $190.0M | $339.9M |
| 股东权益账面价值 | $438.8M | $602.7M |
| 总资产 | $1.6B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资APAMMDGL
| Q4 25 | — | $198.7M | ||
| Q3 25 | — | $295.7M | ||
| Q2 25 | — | $186.2M | ||
| Q1 25 | — | $183.6M | ||
| Q4 24 | — | $100.0M | ||
| Q3 24 | — | $232.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $622.5M |
总债务APAMMDGL
| Q4 25 | $190.0M | $339.9M | ||
| Q3 25 | $190.0M | $339.8M | ||
| Q2 25 | $200.0M | $118.4M | ||
| Q1 25 | $200.0M | $118.0M | ||
| Q4 24 | $200.0M | $117.6M | ||
| Q3 24 | $200.0M | $117.1M | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | $116.1M |
股东权益APAMMDGL
| Q4 25 | $438.8M | $602.7M | ||
| Q3 25 | $402.1M | $625.7M | ||
| Q2 25 | $381.8M | $696.0M | ||
| Q1 25 | $356.5M | $710.6M | ||
| Q4 24 | $388.9M | $754.4M | ||
| Q3 24 | $372.1M | $777.2M | ||
| Q2 24 | $341.2M | — | ||
| Q1 24 | $320.3M | $850.8M |
总资产APAMMDGL
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.4B | $996.6M | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | $1.1B |
负债/权益比APAMMDGL
| Q4 25 | 0.43× | 0.56× | ||
| Q3 25 | 0.47× | 0.54× | ||
| Q2 25 | 0.52× | 0.17× | ||
| Q1 25 | 0.56× | 0.17× | ||
| Q4 24 | 0.51× | 0.16× | ||
| Q3 24 | 0.54× | 0.15× | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.62× | 0.14× |
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 | $-133.5M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $-133.8M |
| 自由现金流率自由现金流/营收 | 51.2% | -41.7% |
| 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× | — |
| 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APAMMDGL
| Q4 25 | $172.0M | $-133.5M | ||
| Q3 25 | $40.4M | $79.8M | ||
| Q2 25 | $50.9M | $-47.1M | ||
| Q1 25 | $157.9M | $-88.9M | ||
| Q4 24 | $372.8M | $-104.5M | ||
| Q3 24 | $112.8M | $-67.0M | ||
| Q2 24 | $75.9M | — | ||
| Q1 24 | $147.0M | $-149.2M |
自由现金流APAMMDGL
| Q4 25 | $171.6M | $-133.8M | ||
| Q3 25 | $40.4M | $79.0M | ||
| Q2 25 | $50.9M | — | ||
| Q1 25 | $157.7M | — | ||
| Q4 24 | $371.3M | $-104.7M | ||
| Q3 24 | $112.4M | $-67.8M | ||
| Q2 24 | $75.2M | — | ||
| Q1 24 | $146.9M | $-149.5M |
自由现金流率APAMMDGL
| Q4 25 | 51.2% | -41.7% | ||
| Q3 25 | 13.4% | 27.5% | ||
| Q2 25 | 18.0% | — | ||
| Q1 25 | 56.9% | — | ||
| Q4 24 | 125.0% | -101.3% | ||
| Q3 24 | 40.2% | -109.0% | ||
| Q2 24 | 27.8% | — | ||
| Q1 24 | 55.6% | — |
资本支出强度APAMMDGL
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 0.0% | 0.3% | ||
| Q2 25 | 0.0% | 0.0% | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.1% | 1.3% | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.0% | — |
现金转化率APAMMDGL
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.75× | — | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | — | ||
| 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
MDGL
| Rebates Customer Fees Credits Co Pay Assistance And Other | $208.5M | 65% |
| Other | $76.0M | 24% |
| Chargebacks Discounts For Prompt Pay And Other Allowances | $36.6M | 11% |
