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Artisan Partners Asset Management Inc.（APAM）与PEGASYSTEMS INC（PEGA）财务数据对比。点击上方公司名可切换其他公司
PEGASYSTEMS INC的季度营收约是Artisan Partners Asset Management Inc.的1.3倍（$430.0M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 7.6%，领先27.6%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs -9.6%），PEGASYSTEMS INC自由现金流更多（$206.5M vs $171.6M），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 10.7%）
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。
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
APAM vs PEGA — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $430.0M |
| 净利润 | $118.1M | $32.8M |
| 毛利率 | — | 75.2% |
| 营业利润率 | 39.2% | 8.6% |
| 净利率 | 35.2% | 7.6% |
| 营收同比 | 12.9% | -9.6% |
| 净利润同比 | 34.9% | -61.6% |
| 每股收益（稀释后） | $1.36 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $335.5M | $504.3M | ||
| Q3 25 | $301.3M | $381.4M | ||
| Q2 25 | $282.7M | $384.5M | ||
| Q1 25 | $277.1M | $475.6M | ||
| Q4 24 | $297.1M | $490.8M | ||
| Q3 24 | $279.6M | $325.1M | ||
| Q2 24 | $270.8M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $118.1M | $234.6M | ||
| Q3 25 | $66.8M | $43.4M | ||
| Q2 25 | $67.6M | $30.1M | ||
| Q1 25 | $61.1M | $85.4M | ||
| Q4 24 | $87.5M | $119.1M | ||
| Q3 24 | $73.0M | $-14.4M | ||
| Q2 24 | $57.6M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 39.2% | 20.7% | ||
| Q3 25 | 33.8% | 3.8% | ||
| Q2 25 | 28.2% | 4.5% | ||
| Q1 25 | 31.2% | 26.7% | ||
| Q4 24 | 36.7% | 29.1% | ||
| Q3 24 | 33.3% | -3.6% | ||
| Q2 24 | 32.0% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 35.2% | 46.5% | ||
| Q3 25 | 22.2% | 11.4% | ||
| Q2 25 | 23.9% | 7.8% | ||
| Q1 25 | 22.1% | 18.0% | ||
| Q4 24 | 29.5% | 24.3% | ||
| Q3 24 | 26.1% | -4.4% | ||
| Q2 24 | 21.3% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $1.36 | $0.81 | ||
| Q3 25 | $0.93 | $0.24 | ||
| Q2 25 | $0.94 | $0.17 | ||
| Q1 25 | $0.82 | $0.91 | ||
| Q4 24 | $0.99 | $1.35 | ||
| Q3 24 | $1.03 | $-0.17 | ||
| Q2 24 | $0.80 | $0.07 |
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 | — | $270.0M |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $705.9M |
| 总资产 | $1.6B | $1.6B |
| 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 | — | $270.0M | ||
| Q4 25 | — | $425.8M | ||
| Q3 25 | — | $351.4M | ||
| Q2 25 | — | $411.6M | ||
| Q1 25 | — | $371.7M | ||
| Q4 24 | — | $740.0M | ||
| Q3 24 | — | $703.0M | ||
| Q2 24 | — | $665.1M |
| 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 | — | $705.9M | ||
| Q4 25 | $438.8M | $787.4M | ||
| Q3 25 | $402.1M | $596.8M | ||
| Q2 25 | $381.8M | $624.5M | ||
| Q1 25 | $356.5M | $611.3M | ||
| Q4 24 | $388.9M | $585.5M | ||
| Q3 24 | $372.1M | $473.0M | ||
| Q2 24 | $341.2M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.5B | $1.5B |
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $206.5M |
| 自由现金流率自由现金流/营收 | 51.2% | 48.0% |
| 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 | $494.9M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $172.0M | $158.4M | ||
| Q3 25 | $40.4M | $56.3M | ||
| Q2 25 | $50.9M | $86.3M | ||
| Q1 25 | $157.9M | $204.2M | ||
| Q4 24 | $372.8M | $95.2M | ||
| Q3 24 | $112.8M | $30.5M | ||
| Q2 24 | $75.9M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $171.6M | $152.4M | ||
| Q3 25 | $40.4M | $51.8M | ||
| Q2 25 | $50.9M | $84.1M | ||
| Q1 25 | $157.7M | $202.3M | ||
| Q4 24 | $371.3M | $92.4M | ||
| Q3 24 | $112.4M | $27.4M | ||
| Q2 24 | $75.2M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 51.2% | 30.2% | ||
| Q3 25 | 13.4% | 13.6% | ||
| Q2 25 | 18.0% | 21.9% | ||
| Q1 25 | 56.9% | 42.5% | ||
| Q4 24 | 125.0% | 18.8% | ||
| Q3 24 | 40.2% | 8.4% | ||
| Q2 24 | 27.8% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 1.2% | ||
| Q3 25 | 0.0% | 1.2% | ||
| Q2 25 | 0.0% | 0.6% | ||
| Q1 25 | 0.1% | 0.4% | ||
| Q4 24 | 0.5% | 0.6% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 0.2% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 0.68× | ||
| Q3 25 | 0.60× | 1.30× | ||
| Q2 25 | 0.75× | 2.87× | ||
| Q1 25 | 2.58× | 2.39× | ||
| Q4 24 | 4.26× | 0.80× | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.32× | 6.06× |
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
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
