vs
Artisan Partners Asset Management Inc.（APAM）与Paylocity Holding Corp（PCTY）财务数据对比。点击上方公司名可切换其他公司
Paylocity Holding Corp的季度营收约是Artisan Partners Asset Management Inc.的1.2倍（$387.0M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 13.0%，领先22.2%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 11.3%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $113.6M），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 2.7%）
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。
Paylocity Holding Corp是美国领先的云端人力资源管理服务商，核心产品覆盖薪资核算、支出管理及人力资本管理（HCM）类SaaS软件，可帮助不同规模的企业客户优化人力与财务相关运营流程，有效提升管理效率、降低运营成本。
APAM vs PCTY — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $387.0M |
| 净利润 | $118.1M | $50.2M |
| 毛利率 | — | 72.9% |
| 营业利润率 | 39.2% | 18.2% |
| 净利率 | 35.2% | 13.0% |
| 营收同比 | 12.9% | 11.3% |
| 净利润同比 | 34.9% | 34.0% |
| 每股收益（稀释后） | $1.36 | $0.92 |
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 | $387.0M | ||
| Q3 25 | $301.3M | $378.9M | ||
| Q2 25 | $282.7M | $369.9M | ||
| Q1 25 | $277.1M | $421.1M | ||
| Q4 24 | $297.1M | $347.7M | ||
| Q3 24 | $279.6M | $333.1M | ||
| Q2 24 | $270.8M | $324.7M | ||
| Q1 24 | $264.4M | $366.8M |
| Q4 25 | $118.1M | $50.2M | ||
| Q3 25 | $66.8M | $48.0M | ||
| Q2 25 | $67.6M | $48.6M | ||
| Q1 25 | $61.1M | $91.5M | ||
| Q4 24 | $87.5M | $37.5M | ||
| Q3 24 | $73.0M | $49.6M | ||
| Q2 24 | $57.6M | $48.8M | ||
| Q1 24 | $59.5M | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 77.8% |
| Q4 25 | 39.2% | 18.2% | ||
| Q3 25 | 33.8% | 19.6% | ||
| Q2 25 | 28.2% | 17.9% | ||
| Q1 25 | 31.2% | 30.2% | ||
| Q4 24 | 36.7% | 13.4% | ||
| Q3 24 | 33.3% | 19.3% | ||
| Q2 24 | 32.0% | 19.4% | ||
| Q1 24 | 29.4% | 29.0% |
| Q4 25 | 35.2% | 13.0% | ||
| Q3 25 | 22.2% | 12.7% | ||
| Q2 25 | 23.9% | 13.1% | ||
| Q1 25 | 22.1% | 21.7% | ||
| Q4 24 | 29.5% | 10.8% | ||
| Q3 24 | 26.1% | 14.9% | ||
| Q2 24 | 21.3% | 15.0% | ||
| Q1 24 | 22.5% | 23.3% |
| Q4 25 | $1.36 | $0.92 | ||
| Q3 25 | $0.93 | $0.86 | ||
| Q2 25 | $0.94 | $0.87 | ||
| Q1 25 | $0.82 | $1.61 | ||
| Q4 24 | $0.99 | $0.66 | ||
| Q3 24 | $1.03 | $0.88 | ||
| Q2 24 | $0.80 | $0.85 | ||
| Q1 24 | $0.84 | $1.50 |
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 | — | $162.5M |
| 总债务越低越好 | $190.0M | $81.3M |
| 股东权益账面价值 | $438.8M | $1.1B |
| 总资产 | $1.6B | $7.0B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.07× |
8季度趋势，按日历期对齐
| Q4 25 | — | $162.5M | ||
| Q3 25 | — | $165.2M | ||
| Q2 25 | — | $398.1M | ||
| Q1 25 | — | $477.8M | ||
| Q4 24 | — | $482.4M | ||
| Q3 24 | — | $778.5M | ||
| Q2 24 | — | $401.8M | ||
| Q1 24 | — | $492.7M |
| Q4 25 | $190.0M | $81.3M | ||
| Q3 25 | $190.0M | $81.3M | ||
| Q2 25 | $200.0M | $162.5M | ||
| Q1 25 | $200.0M | $243.8M | ||
| Q4 24 | $200.0M | $325.0M | ||
| Q3 24 | $200.0M | $325.0M | ||
| Q2 24 | $200.0M | $0 | ||
| Q1 24 | $200.0M | — |
| Q4 25 | $438.8M | $1.1B | ||
| Q3 25 | $402.1M | $1.1B | ||
| Q2 25 | $381.8M | $1.2B | ||
| Q1 25 | $356.5M | $1.2B | ||
| Q4 24 | $388.9M | $1.2B | ||
| Q3 24 | $372.1M | $1.1B | ||
| Q2 24 | $341.2M | $1.0B | ||
| Q1 24 | $320.3M | $1.1B |
| Q4 25 | $1.6B | $7.0B | ||
| Q3 25 | $1.6B | $4.2B | ||
| Q2 25 | $1.4B | $4.4B | ||
| Q1 25 | $1.4B | $5.2B | ||
| Q4 24 | $1.6B | $5.3B | ||
| Q3 24 | $1.6B | $4.0B | ||
| Q2 24 | $1.5B | $4.2B | ||
| Q1 24 | $1.5B | $5.0B |
| Q4 25 | 0.43× | 0.07× | ||
| Q3 25 | 0.47× | 0.07× | ||
| Q2 25 | 0.52× | 0.13× | ||
| Q1 25 | 0.56× | 0.20× | ||
| Q4 24 | 0.51× | 0.28× | ||
| Q3 24 | 0.54× | 0.29× | ||
| Q2 24 | 0.59× | 0.00× | ||
| Q1 24 | 0.62× | — |
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 | $117.0M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $113.6M |
| 自由现金流率自由现金流/营收 | 51.2% | 29.4% |
| 资本支出强度资本支出/营收 | 0.1% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.46× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $461.1M |
8季度趋势，按日历期对齐
| Q4 25 | $172.0M | $117.0M | ||
| Q3 25 | $40.4M | $86.5M | ||
| Q2 25 | $50.9M | $86.6M | ||
| Q1 25 | $157.9M | $186.0M | ||
| Q4 24 | $372.8M | $54.2M | ||
| Q3 24 | $112.8M | $91.5M | ||
| Q2 24 | $75.9M | $79.9M | ||
| Q1 24 | $147.0M | $167.5M |
| Q4 25 | $171.6M | $113.6M | ||
| Q3 25 | $40.4M | $82.7M | ||
| Q2 25 | $50.9M | $81.1M | ||
| Q1 25 | $157.7M | $183.7M | ||
| Q4 24 | $371.3M | $51.2M | ||
| Q3 24 | $112.4M | $89.1M | ||
| Q2 24 | $75.2M | $73.6M | ||
| Q1 24 | $146.9M | $162.0M |
| Q4 25 | 51.2% | 29.4% | ||
| Q3 25 | 13.4% | 21.8% | ||
| Q2 25 | 18.0% | 21.9% | ||
| Q1 25 | 56.9% | 43.6% | ||
| Q4 24 | 125.0% | 14.7% | ||
| Q3 24 | 40.2% | 26.8% | ||
| Q2 24 | 27.8% | 22.7% | ||
| Q1 24 | 55.6% | 44.2% |
| Q4 25 | 0.1% | 0.9% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.0% | 1.5% | ||
| Q1 25 | 0.1% | 0.5% | ||
| Q4 24 | 0.5% | 0.9% | ||
| Q3 24 | 0.1% | 0.7% | ||
| Q2 24 | 0.2% | 1.9% | ||
| Q1 24 | 0.0% | 1.5% |
| Q4 25 | 1.46× | 2.33× | ||
| Q3 25 | 0.60× | 1.80× | ||
| Q2 25 | 0.75× | 1.78× | ||
| Q1 25 | 2.58× | 2.03× | ||
| Q4 24 | 4.26× | 1.45× | ||
| Q3 24 | 1.54× | 1.84× | ||
| Q2 24 | 1.32× | 1.64× | ||
| Q1 24 | 2.47× | 1.96× |
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
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
