vs
Artisan Partners Asset Management Inc.（APAM）与通用动力（PLOW）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.的季度营收约是通用动力的1.8倍（$335.5M vs $184.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 7.0%，领先28.2%），通用动力同比增速更快（28.6% vs 12.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $92.8M），过去两年通用动力的营收复合增速更高（38.9% 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。
通用动力公司是总部位于美国弗吉尼亚州雷斯顿的工业与科技企业，核心业务是研发制造各类先进军用装备，产品包括核潜艇、主战坦克、装甲战车等，同时也生产民用湾流公务机，并提供信息技术服务，是美国联邦政府前五大国防承包商之一。
APAM vs PLOW — 直观对比
营收规模更大
APAM
是对方的1.8倍
$184.5M
营收增速更快
PLOW
高出15.6%
12.9%
净利率更高
APAM
高出28.2%
7.0%
自由现金流更多
APAM
多$78.8M
$92.8M
两年增速更快
PLOW
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $184.5M |
| 净利润 | $118.1M | $12.8M |
| 毛利率 | — | 26.1% |
| 营业利润率 | 39.2% | 10.5% |
| 净利率 | 35.2% | 7.0% |
| 营收同比 | 12.9% | 28.6% |
| 净利润同比 | 34.9% | 62.3% |
| 每股收益（稀释后） | $1.36 | $0.54 |
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APAMPLOW
| Q4 25 | $335.5M | $184.5M | ||
| Q3 25 | $301.3M | $162.1M | ||
| Q2 25 | $282.7M | $194.3M | ||
| Q1 25 | $277.1M | $115.1M | ||
| Q4 24 | $297.1M | $143.5M | ||
| Q3 24 | $279.6M | $129.4M | ||
| Q2 24 | $270.8M | $199.9M | ||
| Q1 24 | $264.4M | $95.7M |
净利润APAMPLOW
| Q4 25 | $118.1M | $12.8M | ||
| Q3 25 | $66.8M | $8.0M | ||
| Q2 25 | $67.6M | $26.0M | ||
| Q1 25 | $61.1M | $148.0K | ||
| Q4 24 | $87.5M | $7.9M | ||
| Q3 24 | $73.0M | $32.3M | ||
| Q2 24 | $57.6M | $24.3M | ||
| Q1 24 | $59.5M | $-8.4M |
毛利率APAMPLOW
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 30.7% | ||
| Q1 24 | — | 19.8% |
营业利润率APAMPLOW
| Q4 25 | 39.2% | 10.5% | ||
| Q3 25 | 33.8% | 8.7% | ||
| Q2 25 | 28.2% | 19.0% | ||
| Q1 25 | 31.2% | 2.8% | ||
| Q4 24 | 36.7% | 9.0% | ||
| Q3 24 | 33.3% | 35.4% | ||
| Q2 24 | 32.0% | 18.2% | ||
| Q1 24 | 29.4% | -6.7% |
净利率APAMPLOW
| Q4 25 | 35.2% | 7.0% | ||
| Q3 25 | 22.2% | 4.9% | ||
| Q2 25 | 23.9% | 13.4% | ||
| Q1 25 | 22.1% | 0.1% | ||
| Q4 24 | 29.5% | 5.5% | ||
| Q3 24 | 26.1% | 24.9% | ||
| Q2 24 | 21.3% | 12.2% | ||
| Q1 24 | 22.5% | -8.7% |
每股收益（稀释后）APAMPLOW
| Q4 25 | $1.36 | $0.54 | ||
| Q3 25 | $0.93 | $0.33 | ||
| Q2 25 | $0.94 | $1.09 | ||
| Q1 25 | $0.82 | $0.00 | ||
| Q4 24 | $0.99 | $0.35 | ||
| Q3 24 | $1.03 | $1.36 | ||
| Q2 24 | $0.80 | $1.02 | ||
| Q1 24 | $0.84 | $-0.37 |
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 | $144.0M |
| 股东权益账面价值 | $438.8M | $281.4M |
| 总资产 | $1.6B | $626.7M |
| 负债/权益比越低杠杆越低 | 0.43× | 0.51× |
8季度趋势，按日历期对齐
总债务APAMPLOW
| Q4 25 | $190.0M | $144.0M | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | $147.5M | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | — |
股东权益APAMPLOW
| Q4 25 | $438.8M | $281.4M | ||
| Q3 25 | $402.1M | $275.3M | ||
| Q2 25 | $381.8M | $273.3M | ||
| Q1 25 | $356.5M | $258.9M | ||
| Q4 24 | $388.9M | $264.2M | ||
| Q3 24 | $372.1M | $260.8M | ||
| Q2 24 | $341.2M | $236.7M | ||
| Q1 24 | $320.3M | $217.2M |
总资产APAMPLOW
| Q4 25 | $1.6B | $626.7M | ||
| Q3 25 | $1.6B | $694.9M | ||
| Q2 25 | $1.4B | $671.5M | ||
| Q1 25 | $1.4B | $621.0M | ||
| Q4 24 | $1.6B | $590.0M | ||
| Q3 24 | $1.6B | $665.6M | ||
| Q2 24 | $1.5B | $617.0M | ||
| Q1 24 | $1.5B | $577.1M |
负债/权益比APAMPLOW
| Q4 25 | 0.43× | 0.51× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.51× | 0.56× | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.59× | — | ||
| 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 | $95.9M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $92.8M |
| 自由现金流率自由现金流/营收 | 51.2% | 50.3% |
| 资本支出强度资本支出/营收 | 0.1% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.46× | 7.47× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $63.6M |
8季度趋势，按日历期对齐
经营现金流APAMPLOW
| Q4 25 | $172.0M | $95.9M | ||
| Q3 25 | $40.4M | $-8.5M | ||
| Q2 25 | $50.9M | $-11.4M | ||
| Q1 25 | $157.9M | $-1.3M | ||
| Q4 24 | $372.8M | $74.4M | ||
| Q3 24 | $112.8M | $-14.2M | ||
| Q2 24 | $75.9M | $2.5M | ||
| Q1 24 | $147.0M | $-21.6M |
自由现金流APAMPLOW
| Q4 25 | $171.6M | $92.8M | ||
| Q3 25 | $40.4M | $-11.4M | ||
| Q2 25 | $50.9M | $-14.3M | ||
| Q1 25 | $157.7M | $-3.5M | ||
| Q4 24 | $371.3M | $70.2M | ||
| Q3 24 | $112.4M | $-15.2M | ||
| Q2 24 | $75.2M | $836.0K | ||
| Q1 24 | $146.9M | $-22.4M |
自由现金流率APAMPLOW
| Q4 25 | 51.2% | 50.3% | ||
| Q3 25 | 13.4% | -7.1% | ||
| Q2 25 | 18.0% | -7.4% | ||
| Q1 25 | 56.9% | -3.0% | ||
| Q4 24 | 125.0% | 48.9% | ||
| Q3 24 | 40.2% | -11.8% | ||
| Q2 24 | 27.8% | 0.4% | ||
| Q1 24 | 55.6% | -23.4% |
资本支出强度APAMPLOW
| Q4 25 | 0.1% | 1.7% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | 0.0% | 1.5% | ||
| Q1 25 | 0.1% | 1.9% | ||
| Q4 24 | 0.5% | 2.9% | ||
| Q3 24 | 0.1% | 0.8% | ||
| Q2 24 | 0.2% | 0.8% | ||
| Q1 24 | 0.0% | 0.8% |
现金转化率APAMPLOW
| Q4 25 | 1.46× | 7.47× | ||
| Q3 25 | 0.60× | -1.07× | ||
| Q2 25 | 0.75× | -0.44× | ||
| Q1 25 | 2.58× | -9.03× | ||
| Q4 24 | 4.26× | 9.41× | ||
| Q3 24 | 1.54× | -0.44× | ||
| Q2 24 | 1.32× | 0.10× | ||
| Q1 24 | 2.47× | — |
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
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
