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Artisan Partners Asset Management Inc.（APAM）与MACOM Technology Solutions Holdings, Inc.（MTSI）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MACOM Technology Solutions Holdings, Inc.的1.2倍（$335.5M vs $271.6M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 18.0%，领先17.2%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $30.0M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% 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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
APAM vs MTSI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $271.6M |
| 净利润 | $118.1M | $48.8M |
| 毛利率 | — | 55.9% |
| 营业利润率 | 39.2% | 15.9% |
| 净利率 | 35.2% | 18.0% |
| 营收同比 | 12.9% | 24.5% |
| 净利润同比 | 34.9% | 129.1% |
| 每股收益（稀释后） | $1.36 | $0.64 |
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
| Q1 26 | — | $271.6M | ||
| Q4 25 | $335.5M | $261.2M | ||
| Q3 25 | $301.3M | $252.1M | ||
| Q2 25 | $282.7M | $235.9M | ||
| Q1 25 | $277.1M | $218.1M | ||
| Q4 24 | $297.1M | — | ||
| Q3 24 | $279.6M | $200.7M | ||
| Q2 24 | $270.8M | $190.5M |
| Q1 26 | — | $48.8M | ||
| Q4 25 | $118.1M | $45.1M | ||
| Q3 25 | $66.8M | $36.5M | ||
| Q2 25 | $67.6M | $31.7M | ||
| Q1 25 | $61.1M | $-167.5M | ||
| Q4 24 | $87.5M | — | ||
| Q3 24 | $73.0M | $29.4M | ||
| Q2 24 | $57.6M | $19.9M |
| Q1 26 | — | 55.9% | ||
| Q4 25 | — | 54.5% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 54.7% | ||
| Q2 24 | — | 53.2% |
| Q1 26 | — | 15.9% | ||
| Q4 25 | 39.2% | 15.2% | ||
| Q3 25 | 33.8% | 14.9% | ||
| Q2 25 | 28.2% | 14.8% | ||
| Q1 25 | 31.2% | 8.0% | ||
| Q4 24 | 36.7% | — | ||
| Q3 24 | 33.3% | 13.7% | ||
| Q2 24 | 32.0% | 10.4% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | 35.2% | 17.3% | ||
| Q3 25 | 22.2% | 14.5% | ||
| Q2 25 | 23.9% | 13.4% | ||
| Q1 25 | 22.1% | -76.8% | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 26.1% | 14.7% | ||
| Q2 24 | 21.3% | 10.5% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $1.36 | $0.67 | ||
| Q3 25 | $0.93 | $0.48 | ||
| Q2 25 | $0.94 | $0.42 | ||
| Q1 25 | $0.82 | $-2.30 | ||
| Q4 24 | $0.99 | — | ||
| Q3 24 | $1.03 | $0.40 | ||
| Q2 24 | $0.80 | $0.27 |
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 | — | $768.5M |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $1.4B |
| 总资产 | $1.6B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $768.5M | ||
| Q4 25 | — | $786.0M | ||
| Q3 25 | — | $735.2M | ||
| Q2 25 | — | $681.5M | ||
| Q1 25 | — | $656.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $581.9M | ||
| Q2 24 | — | $521.5M |
| Q1 26 | — | — | ||
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $438.8M | $1.3B | ||
| Q3 25 | $402.1M | $1.3B | ||
| Q2 25 | $381.8M | $1.2B | ||
| Q1 25 | $356.5M | $1.2B | ||
| Q4 24 | $388.9M | — | ||
| Q3 24 | $372.1M | $1.1B | ||
| Q2 24 | $341.2M | $1.1B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.5B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.54× | — | ||
| 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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $30.0M |
| 自由现金流率自由现金流/营收 | 51.2% | 11.0% |
| 资本支出强度资本支出/营收 | 0.1% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.46× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | — | $42.9M | ||
| Q4 25 | $172.0M | $69.6M | ||
| Q3 25 | $40.4M | $60.4M | ||
| Q2 25 | $50.9M | $38.7M | ||
| Q1 25 | $157.9M | $66.7M | ||
| Q4 24 | $372.8M | — | ||
| Q3 24 | $112.8M | $62.3M | ||
| Q2 24 | $75.9M | $49.0M |
| Q1 26 | — | $30.0M | ||
| Q4 25 | $171.6M | $49.4M | ||
| Q3 25 | $40.4M | $51.6M | ||
| Q2 25 | $50.9M | $30.5M | ||
| Q1 25 | $157.7M | $61.3M | ||
| Q4 24 | $371.3M | — | ||
| Q3 24 | $112.4M | $57.1M | ||
| Q2 24 | $75.2M | $41.5M |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 51.2% | 18.9% | ||
| Q3 25 | 13.4% | 20.5% | ||
| Q2 25 | 18.0% | 12.9% | ||
| Q1 25 | 56.9% | 28.1% | ||
| Q4 24 | 125.0% | — | ||
| Q3 24 | 40.2% | 28.5% | ||
| Q2 24 | 27.8% | 21.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 0.1% | 7.7% | ||
| Q3 25 | 0.0% | 3.5% | ||
| Q2 25 | 0.0% | 3.5% | ||
| Q1 25 | 0.1% | 2.4% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.1% | 2.6% | ||
| Q2 24 | 0.2% | 3.9% |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 1.46× | 1.54× | ||
| Q3 25 | 0.60× | 1.65× | ||
| Q2 25 | 0.75× | 1.22× | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | 2.12× | ||
| Q2 24 | 1.32× | 2.46× |
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
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
