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Artisan Partners Asset Management Inc.（APAM）与MDU RESOURCES GROUP INC（MDU）财务数据对比。点击上方公司名可切换其他公司
MDU RESOURCES GROUP INC的季度营收约是Artisan Partners Asset Management Inc.的1.6倍（$522.6M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 14.6%，领先20.6%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs -1.6%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $-336.0M），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs -5.7%）
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。
MDU资源集团是一家总部位于美国北达科他州俾斯麦的企业，业务涵盖受监管的能源输送供应，以及公用事业相关的建筑材料与服务，业务范围覆盖美国48个州，是当地能源及基建服务领域的重要参与者。
APAM vs MDU — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $522.6M |
| 净利润 | $118.1M | $76.3M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 20.5% |
| 净利率 | 35.2% | 14.6% |
| 营收同比 | 12.9% | -1.6% |
| 净利润同比 | 34.9% | 38.4% |
| 每股收益（稀释后） | $1.36 | $0.37 |
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
| Q4 25 | $335.5M | $522.6M | ||
| Q3 25 | $301.3M | $313.6M | ||
| Q2 25 | $282.7M | $348.7M | ||
| Q1 25 | $277.1M | $678.0M | ||
| Q4 24 | $297.1M | $531.0M | ||
| Q3 24 | $279.6M | $290.7M | ||
| Q2 24 | $270.8M | $343.1M | ||
| Q1 24 | $264.4M | $588.2M |
| Q4 25 | $118.1M | $76.3M | ||
| Q3 25 | $66.8M | $18.3M | ||
| Q2 25 | $67.6M | $13.8M | ||
| Q1 25 | $61.1M | $82.0M | ||
| Q4 24 | $87.5M | $55.2M | ||
| Q3 24 | $73.0M | $64.6M | ||
| Q2 24 | $57.6M | $60.4M | ||
| Q1 24 | $59.5M | $100.9M |
| Q4 25 | 39.2% | 20.5% | ||
| Q3 25 | 33.8% | 12.7% | ||
| Q2 25 | 28.2% | 8.7% | ||
| Q1 25 | 31.2% | 16.6% | ||
| Q4 24 | 36.7% | 17.8% | ||
| Q3 24 | 33.3% | 12.0% | ||
| Q2 24 | 32.0% | 11.5% | ||
| Q1 24 | 29.4% | 16.4% |
| Q4 25 | 35.2% | 14.6% | ||
| Q3 25 | 22.2% | 5.8% | ||
| Q2 25 | 23.9% | 4.0% | ||
| Q1 25 | 22.1% | 12.1% | ||
| Q4 24 | 29.5% | 10.4% | ||
| Q3 24 | 26.1% | 22.2% | ||
| Q2 24 | 21.3% | 17.6% | ||
| Q1 24 | 22.5% | 17.2% |
| Q4 25 | $1.36 | $0.37 | ||
| Q3 25 | $0.93 | $0.09 | ||
| Q2 25 | $0.94 | $0.07 | ||
| Q1 25 | $0.82 | $0.40 | ||
| Q4 24 | $0.99 | $0.26 | ||
| Q3 24 | $1.03 | $0.32 | ||
| Q2 24 | $0.80 | $0.30 | ||
| Q1 24 | $0.84 | $0.49 |
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 | — | $28.2M |
| 总债务越低越好 | $190.0M | $2.7B |
| 股东权益账面价值 | $438.8M | $2.8B |
| 总资产 | $1.6B | $7.6B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.97× |
8季度趋势，按日历期对齐
| Q4 25 | — | $28.2M | ||
| Q3 25 | — | $75.9M | ||
| Q2 25 | — | $58.8M | ||
| Q1 25 | — | $59.5M | ||
| Q4 24 | — | $66.9M | ||
| Q3 24 | — | $88.3M | ||
| Q2 24 | — | $78.8M | ||
| Q1 24 | — | $72.7M |
| Q4 25 | $190.0M | $2.7B | ||
| Q3 25 | $190.0M | $2.4B | ||
| Q2 25 | $200.0M | $2.2B | ||
| Q1 25 | $200.0M | $2.2B | ||
| Q4 24 | $200.0M | $2.3B | ||
| Q3 24 | $200.0M | $2.3B | ||
| Q2 24 | $200.0M | $2.3B | ||
| Q1 24 | $200.0M | $2.3B |
| Q4 25 | $438.8M | $2.8B | ||
| Q3 25 | $402.1M | $2.7B | ||
| Q2 25 | $381.8M | $2.7B | ||
| Q1 25 | $356.5M | $2.7B | ||
| Q4 24 | $388.9M | $2.7B | ||
| Q3 24 | $372.1M | $3.1B | ||
| Q2 24 | $341.2M | $3.0B | ||
| Q1 24 | $320.3M | $3.0B |
| Q4 25 | $1.6B | $7.6B | ||
| Q3 25 | $1.6B | $7.2B | ||
| Q2 25 | $1.4B | $6.9B | ||
| Q1 25 | $1.4B | $7.0B | ||
| Q4 24 | $1.6B | $7.0B | ||
| Q3 24 | $1.6B | $8.2B | ||
| Q2 24 | $1.5B | $8.0B | ||
| Q1 24 | $1.5B | $7.8B |
| Q4 25 | 0.43× | 0.97× | ||
| Q3 25 | 0.47× | 0.86× | ||
| Q2 25 | 0.52× | 0.80× | ||
| Q1 25 | 0.56× | 0.80× | ||
| Q4 24 | 0.51× | 0.85× | ||
| Q3 24 | 0.54× | 0.76× | ||
| Q2 24 | 0.59× | 0.75× | ||
| Q1 24 | 0.62× | 0.76× |
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 | $80.6M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $-336.0M |
| 自由现金流率自由现金流/营收 | 51.2% | -64.3% |
| 资本支出强度资本支出/营收 | 0.1% | 79.7% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $-297.0M |
8季度趋势，按日历期对齐
| Q4 25 | $172.0M | $80.6M | ||
| Q3 25 | $40.4M | $57.9M | ||
| Q2 25 | $50.9M | $117.4M | ||
| Q1 25 | $157.9M | $217.5M | ||
| Q4 24 | $372.8M | $60.5M | ||
| Q3 24 | $112.8M | $140.2M | ||
| Q2 24 | $75.9M | $136.5M | ||
| Q1 24 | $147.0M | $165.1M |
| Q4 25 | $171.6M | $-336.0M | ||
| Q3 25 | $40.4M | $-121.9M | ||
| Q2 25 | $50.9M | $36.5M | ||
| Q1 25 | $157.7M | $124.4M | ||
| Q4 24 | $371.3M | $-95.8M | ||
| Q3 24 | $112.4M | $673.0K | ||
| Q2 24 | $75.2M | $26.5M | ||
| Q1 24 | $146.9M | $48.1M |
| Q4 25 | 51.2% | -64.3% | ||
| Q3 25 | 13.4% | -38.9% | ||
| Q2 25 | 18.0% | 10.5% | ||
| Q1 25 | 56.9% | 18.4% | ||
| Q4 24 | 125.0% | -18.0% | ||
| Q3 24 | 40.2% | 0.2% | ||
| Q2 24 | 27.8% | 7.7% | ||
| Q1 24 | 55.6% | 8.2% |
| Q4 25 | 0.1% | 79.7% | ||
| Q3 25 | 0.0% | 57.3% | ||
| Q2 25 | 0.0% | 23.2% | ||
| Q1 25 | 0.1% | 13.7% | ||
| Q4 24 | 0.5% | 29.4% | ||
| Q3 24 | 0.1% | 48.0% | ||
| Q2 24 | 0.2% | 32.0% | ||
| Q1 24 | 0.0% | 19.9% |
| Q4 25 | 1.46× | 1.06× | ||
| Q3 25 | 0.60× | 3.16× | ||
| Q2 25 | 0.75× | 8.52× | ||
| Q1 25 | 2.58× | 2.65× | ||
| Q4 24 | 4.26× | 1.10× | ||
| Q3 24 | 1.54× | 2.17× | ||
| Q2 24 | 1.32× | 2.26× | ||
| Q1 24 | 2.47× | 1.64× |
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
MDU
| Natural Gas Distribution | $382.8M | 73% |
| Commercial Utility Sales | $42.7M | 8% |
| Residential Utility Sales | $33.7M | 6% |
| Pipelineand Midstream | $31.1M | 6% |
| Natural Gas Transportation | $17.2M | 3% |
| Industrial Utility Sales | $10.1M | 2% |
| Natural Gas Storage | $6.4M | 1% |
| Other Utility Sales | $1.9M | 0% |
