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Artisan Partners Asset Management Inc.（APAM）与Orion Group Holdings Inc（ORN）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Orion Group Holdings Inc的1.6倍（$335.5M vs $216.3M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 2.2%，领先33.0%），Orion Group Holdings Inc同比增速更快（14.6% vs 12.9%），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 6.1%）
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。
奥里昂集团是源自芬兰的全球化制药企业，1917年成立，总部位于芬兰埃斯波。公司面向全球市场研发、生产并销售人用与兽用药品以及药用活性成分，旗下全部生产基地与大部分研发部门均设立在芬兰。
APAM vs ORN — 直观对比
营收规模更大
APAM
是对方的1.6倍
$216.3M
营收增速更快
ORN
高出1.7%
12.9%
净利率更高
APAM
高出33.0%
2.2%
两年增速更快
APAM
近两年复合增速
6.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $216.3M |
| 净利润 | $118.1M | $4.7M |
| 毛利率 | — | 12.0% |
| 营业利润率 | 39.2% | — |
| 净利率 | 35.2% | 2.2% |
| 营收同比 | 12.9% | 14.6% |
| 净利润同比 | 34.9% | 435.7% |
| 每股收益（稀释后） | $1.36 | $0.12 |
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APAMORN
| Q1 26 | — | $216.3M | ||
| Q4 25 | $335.5M | $233.2M | ||
| Q3 25 | $301.3M | $225.1M | ||
| Q2 25 | $282.7M | $205.3M | ||
| Q1 25 | $277.1M | $188.7M | ||
| Q4 24 | $297.1M | $216.9M | ||
| Q3 24 | $279.6M | $226.7M | ||
| Q2 24 | $270.8M | $192.2M |
净利润APAMORN
| Q1 26 | — | $4.7M | ||
| Q4 25 | $118.1M | $-240.0K | ||
| Q3 25 | $66.8M | $3.3M | ||
| Q2 25 | $67.6M | $841.0K | ||
| Q1 25 | $61.1M | $-1.4M | ||
| Q4 24 | $87.5M | $6.8M | ||
| Q3 24 | $73.0M | $4.3M | ||
| Q2 24 | $57.6M | $-6.6M |
毛利率APAMORN
| Q1 26 | — | 12.0% | ||
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | — | 9.5% |
营业利润率APAMORN
| Q1 26 | — | — | ||
| Q4 25 | 39.2% | 2.2% | ||
| Q3 25 | 33.8% | 2.4% | ||
| Q2 25 | 28.2% | 1.7% | ||
| Q1 25 | 31.2% | 0.4% | ||
| Q4 24 | 36.7% | 4.4% | ||
| Q3 24 | 33.3% | 3.4% | ||
| Q2 24 | 32.0% | -1.4% |
净利率APAMORN
| Q1 26 | — | 2.2% | ||
| Q4 25 | 35.2% | -0.1% | ||
| Q3 25 | 22.2% | 1.5% | ||
| Q2 25 | 23.9% | 0.4% | ||
| Q1 25 | 22.1% | -0.7% | ||
| Q4 24 | 29.5% | 3.1% | ||
| Q3 24 | 26.1% | 1.9% | ||
| Q2 24 | 21.3% | -3.4% |
每股收益（稀释后）APAMORN
| Q1 26 | — | $0.12 | ||
| Q4 25 | $1.36 | $-0.00 | ||
| Q3 25 | $0.93 | $0.08 | ||
| Q2 25 | $0.94 | $0.02 | ||
| Q1 25 | $0.82 | $-0.04 | ||
| Q4 24 | $0.99 | $0.22 | ||
| Q3 24 | $1.03 | $0.12 | ||
| Q2 24 | $0.80 | $-0.20 |
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 | — | $6.3M |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $166.7M |
| 总资产 | $1.6B | $478.7M |
| 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APAMORN
| Q1 26 | — | $6.3M | ||
| Q4 25 | — | $1.6M | ||
| Q3 25 | — | $4.9M | ||
| Q2 25 | — | $1.7M | ||
| Q1 25 | — | $13.0M | ||
| Q4 24 | — | $28.3M | ||
| Q3 24 | — | $28.3M | ||
| Q2 24 | — | $4.8M |
总债务APAMORN
| Q1 26 | — | — | ||
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | $33.4M | ||
| Q1 25 | $200.0M | $23.3M | ||
| Q4 24 | $200.0M | $23.2M | ||
| Q3 24 | $200.0M | $28.0M | ||
| Q2 24 | $200.0M | $60.3M |
股东权益APAMORN
| Q1 26 | — | $166.7M | ||
| Q4 25 | $438.8M | $159.0M | ||
| Q3 25 | $402.1M | $157.9M | ||
| Q2 25 | $381.8M | $153.2M | ||
| Q1 25 | $356.5M | $150.8M | ||
| Q4 24 | $388.9M | $150.7M | ||
| Q3 24 | $372.1M | $142.4M | ||
| Q2 24 | $341.2M | $111.1M |
总资产APAMORN
| Q1 26 | — | $478.7M | ||
| Q4 25 | $1.6B | $414.7M | ||
| Q3 25 | $1.6B | $422.4M | ||
| Q2 25 | $1.4B | $432.7M | ||
| Q1 25 | $1.4B | $416.3M | ||
| Q4 24 | $1.6B | $417.3M | ||
| Q3 24 | $1.6B | $430.3M | ||
| Q2 24 | $1.5B | $414.0M |
负债/权益比APAMORN
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | 0.22× | ||
| Q1 25 | 0.56× | 0.15× | ||
| Q4 24 | 0.51× | 0.15× | ||
| Q3 24 | 0.54× | 0.20× | ||
| Q2 24 | 0.59× | 0.54× |
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 | — |
| 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% | — |
| 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APAMORN
| Q1 26 | — | — | ||
| Q4 25 | $172.0M | $13.8M | ||
| Q3 25 | $40.4M | $23.3M | ||
| Q2 25 | $50.9M | $-5.6M | ||
| Q1 25 | $157.9M | $-3.4M | ||
| Q4 24 | $372.8M | $13.4M | ||
| Q3 24 | $112.8M | $37.5M | ||
| Q2 24 | $75.9M | $-15.3M |
自由现金流APAMORN
| Q1 26 | — | — | ||
| Q4 25 | $171.6M | $454.0K | ||
| Q3 25 | $40.4M | $13.9M | ||
| Q2 25 | $50.9M | $-12.7M | ||
| Q1 25 | $157.7M | $-12.5M | ||
| Q4 24 | $371.3M | $9.9M | ||
| Q3 24 | $112.4M | $33.3M | ||
| Q2 24 | $75.2M | $-20.0M |
自由现金流率APAMORN
| Q1 26 | — | — | ||
| Q4 25 | 51.2% | 0.2% | ||
| Q3 25 | 13.4% | 6.2% | ||
| Q2 25 | 18.0% | -6.2% | ||
| Q1 25 | 56.9% | -6.6% | ||
| Q4 24 | 125.0% | 4.6% | ||
| Q3 24 | 40.2% | 14.7% | ||
| Q2 24 | 27.8% | -10.4% |
资本支出强度APAMORN
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 5.7% | ||
| Q3 25 | 0.0% | 4.2% | ||
| Q2 25 | 0.0% | 3.5% | ||
| Q1 25 | 0.1% | 4.8% | ||
| Q4 24 | 0.5% | 1.6% | ||
| Q3 24 | 0.1% | 1.8% | ||
| Q2 24 | 0.2% | 2.4% |
现金转化率APAMORN
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | 7.05× | ||
| Q2 25 | 0.75× | -6.61× | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | 1.98× | ||
| Q3 24 | 1.54× | 8.79× | ||
| 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
