vs
Artisan Partners Asset Management Inc.（APAM）与NATIONAL FUEL GAS CO（NFG）财务数据对比。点击上方公司名可切换其他公司
NATIONAL FUEL GAS CO的季度营收约是Artisan Partners Asset Management Inc.的1.3倍（$425.9M vs $335.5M），NATIONAL FUEL GAS CO净利率更高（35.7% vs 35.2%，领先0.5%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 1.7%），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 12.1%）
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。
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
APAM vs NFG — 直观对比
营收规模更大
NFG
是对方的1.3倍
$335.5M
营收增速更快
APAM
高出11.2%
1.7%
净利率更高
NFG
高出0.5%
35.2%
两年增速更快
APAM
近两年复合增速
12.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $425.9M |
| 净利润 | $118.1M | $152.0M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 81.5% |
| 净利率 | 35.2% | 35.7% |
| 营收同比 | 12.9% | 1.7% |
| 净利润同比 | 34.9% | — |
| 每股收益（稀释后） | $1.36 | $1.59 |
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APAMNFG
| Q1 26 | — | $425.9M | ||
| Q4 25 | $335.5M | $637.9M | ||
| Q3 25 | $301.3M | $443.1M | ||
| Q2 25 | $282.7M | $527.4M | ||
| Q1 25 | $277.1M | $734.8M | ||
| Q4 24 | $297.1M | $513.8M | ||
| Q3 24 | $279.6M | $310.0M | ||
| Q2 24 | $270.8M | $338.6M |
净利润APAMNFG
| Q1 26 | — | $152.0M | ||
| Q4 25 | $118.1M | $181.6M | ||
| Q3 25 | $66.8M | $107.3M | ||
| Q2 25 | $67.6M | $149.8M | ||
| Q1 25 | $61.1M | $216.4M | ||
| Q4 24 | $87.5M | $45.0M | ||
| Q3 24 | $73.0M | $-167.6M | ||
| Q2 24 | $57.6M | $-54.2M |
毛利率APAMNFG
| Q1 26 | — | — | ||
| Q4 25 | — | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.5% |
营业利润率APAMNFG
| Q1 26 | — | 81.5% | ||
| Q4 25 | 39.2% | 43.3% | ||
| Q3 25 | 33.8% | 40.6% | ||
| Q2 25 | 28.2% | 43.7% | ||
| Q1 25 | 31.2% | 43.2% | ||
| Q4 24 | 36.7% | 16.8% | ||
| Q3 24 | 33.3% | -63.4% | ||
| Q2 24 | 32.0% | -15.2% |
净利率APAMNFG
| Q1 26 | — | 35.7% | ||
| Q4 25 | 35.2% | 28.5% | ||
| Q3 25 | 22.2% | 24.2% | ||
| Q2 25 | 23.9% | 28.4% | ||
| Q1 25 | 22.1% | 29.4% | ||
| Q4 24 | 29.5% | 8.8% | ||
| Q3 24 | 26.1% | -54.1% | ||
| Q2 24 | 21.3% | -16.0% |
每股收益（稀释后）APAMNFG
| Q1 26 | — | $1.59 | ||
| Q4 25 | $1.36 | $1.98 | ||
| Q3 25 | $0.93 | $1.18 | ||
| Q2 25 | $0.94 | $1.64 | ||
| Q1 25 | $0.82 | $2.37 | ||
| Q4 24 | $0.99 | $0.49 | ||
| Q3 24 | $1.03 | $-1.81 | ||
| Q2 24 | $0.80 | $-0.59 |
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 | — | — |
| 总债务越低越好 | $190.0M | $300.0M |
| 股东权益账面价值 | $438.8M | — |
| 总资产 | $1.6B | $9.1B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资APAMNFG
| Q1 26 | — | — | ||
| Q4 25 | — | $271.4M | ||
| Q3 25 | — | $43.2M | ||
| Q2 25 | — | $39.3M | ||
| Q1 25 | — | $40.0M | ||
| Q4 24 | — | $48.7M | ||
| Q3 24 | — | $38.2M | ||
| Q2 24 | — | $81.4M |
总债务APAMNFG
| Q1 26 | — | $300.0M | ||
| Q4 25 | $190.0M | $2.7B | ||
| Q3 25 | $190.0M | $2.7B | ||
| Q2 25 | $200.0M | $2.7B | ||
| Q1 25 | $200.0M | $2.7B | ||
| Q4 24 | $200.0M | $2.7B | ||
| Q3 24 | $200.0M | $2.7B | ||
| Q2 24 | $200.0M | $2.7B |
股东权益APAMNFG
| Q1 26 | — | — | ||
| Q4 25 | $438.8M | $3.6B | ||
| Q3 25 | $402.1M | $3.1B | ||
| Q2 25 | $381.8M | $3.0B | ||
| Q1 25 | $356.5M | $2.8B | ||
| Q4 24 | $388.9M | $-76.2M | ||
| Q3 24 | $372.1M | $-15.5M | ||
| Q2 24 | $341.2M | $5.0M |
总资产APAMNFG
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.6B | $9.2B | ||
| Q3 25 | $1.6B | $8.7B | ||
| Q2 25 | $1.4B | $8.4B | ||
| Q1 25 | $1.4B | $8.5B | ||
| Q4 24 | $1.6B | $8.3B | ||
| Q3 24 | $1.6B | $8.3B | ||
| Q2 24 | $1.5B | $8.5B |
负债/权益比APAMNFG
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 0.75× | ||
| Q3 25 | 0.47× | 0.87× | ||
| Q2 25 | 0.52× | 0.90× | ||
| Q1 25 | 0.56× | 0.99× | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.59× | 532.10× |
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 | $657.3M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | — |
| 自由现金流率自由现金流/营收 | 51.2% | — |
| 资本支出强度资本支出/营收 | 0.1% | 117.0% |
| 现金转化率经营现金流/净利润 | 1.46× | 4.32× |
| 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APAMNFG
| Q1 26 | — | $657.3M | ||
| Q4 25 | $172.0M | $274.9M | ||
| Q3 25 | $40.4M | $237.8M | ||
| Q2 25 | $50.9M | $388.4M | ||
| Q1 25 | $157.9M | $253.8M | ||
| Q4 24 | $372.8M | $220.1M | ||
| Q3 24 | $112.8M | $197.9M | ||
| Q2 24 | $75.9M | $281.8M |
自由现金流APAMNFG
| Q1 26 | — | — | ||
| Q4 25 | $171.6M | $-2.7M | ||
| Q3 25 | $40.4M | $-47.8M | ||
| Q2 25 | $50.9M | $195.3M | ||
| Q1 25 | $157.7M | $59.9M | ||
| Q4 24 | $371.3M | $-20.3M | ||
| Q3 24 | $112.4M | $-49.1M | ||
| Q2 24 | $75.2M | $79.5M |
自由现金流率APAMNFG
| Q1 26 | — | — | ||
| Q4 25 | 51.2% | -0.4% | ||
| Q3 25 | 13.4% | -10.8% | ||
| Q2 25 | 18.0% | 37.0% | ||
| Q1 25 | 56.9% | 8.2% | ||
| Q4 24 | 125.0% | -4.0% | ||
| Q3 24 | 40.2% | -15.8% | ||
| Q2 24 | 27.8% | 23.5% |
资本支出强度APAMNFG
| Q1 26 | — | 117.0% | ||
| Q4 25 | 0.1% | 43.5% | ||
| Q3 25 | 0.0% | 64.4% | ||
| Q2 25 | 0.0% | 36.6% | ||
| Q1 25 | 0.1% | 26.4% | ||
| Q4 24 | 0.5% | 46.8% | ||
| Q3 24 | 0.1% | 79.7% | ||
| Q2 24 | 0.2% | 59.7% |
现金转化率APAMNFG
| Q1 26 | — | 4.32× | ||
| Q4 25 | 1.46× | 1.51× | ||
| Q3 25 | 0.60× | 2.21× | ||
| Q2 25 | 0.75× | 2.59× | ||
| Q1 25 | 2.58× | 1.17× | ||
| Q4 24 | 4.26× | 4.89× | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.32× | — |
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
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
