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Artisan Partners Asset Management Inc.（APAM）与EPLUS INC（PLUS）财务数据对比。点击上方公司名可切换其他公司
EPLUS INC的季度营收约是Artisan Partners Asset Management Inc.的1.8倍（$614.8M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 5.7%，领先29.5%），EPLUS INC同比增速更快（20.3% vs 12.9%），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 2.3%）
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。
ePlus Inc.是美国的科技咨询解决方案提供商，业务覆盖网络安全、云计算、网络架构、协作办公、人工智能及前沿技术领域，为超5000家客户提供定制化解决方案、专业咨询与托管服务，助力企业实现数字化转型与技术升级。
APAM vs PLUS — 直观对比
营收规模更大
PLUS
是对方的1.8倍
$335.5M
营收增速更快
PLUS
高出7.4%
12.9%
净利率更高
APAM
高出29.5%
5.7%
两年增速更快
APAM
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $614.8M |
| 净利润 | $118.1M | $35.1M |
| 毛利率 | — | 25.8% |
| 营业利润率 | 39.2% | 7.1% |
| 净利率 | 35.2% | 5.7% |
| 营收同比 | 12.9% | 20.3% |
| 净利润同比 | 34.9% | 45.2% |
| 每股收益（稀释后） | $1.36 | $1.33 |
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APAMPLUS
| Q4 25 | $335.5M | $614.8M | ||
| Q3 25 | $301.3M | $608.8M | ||
| Q2 25 | $282.7M | $637.3M | ||
| Q1 25 | $277.1M | — | ||
| Q4 24 | $297.1M | $493.2M | ||
| Q3 24 | $279.6M | $493.4M | ||
| Q2 24 | $270.8M | $535.7M | ||
| Q1 24 | $264.4M | — |
净利润APAMPLUS
| Q4 25 | $118.1M | $35.1M | ||
| Q3 25 | $66.8M | $34.9M | ||
| Q2 25 | $67.6M | $37.7M | ||
| Q1 25 | $61.1M | — | ||
| Q4 24 | $87.5M | $24.1M | ||
| Q3 24 | $73.0M | $31.3M | ||
| Q2 24 | $57.6M | $27.3M | ||
| Q1 24 | $59.5M | — |
毛利率APAMPLUS
| Q4 25 | — | 25.8% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 23.7% | ||
| Q1 24 | — | — |
营业利润率APAMPLUS
| Q4 25 | 39.2% | 7.1% | ||
| Q3 25 | 33.8% | 8.0% | ||
| Q2 25 | 28.2% | 5.7% | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 36.7% | 3.3% | ||
| Q3 24 | 33.3% | 5.5% | ||
| Q2 24 | 32.0% | 5.9% | ||
| Q1 24 | 29.4% | — |
净利率APAMPLUS
| Q4 25 | 35.2% | 5.7% | ||
| Q3 25 | 22.2% | 5.7% | ||
| Q2 25 | 23.9% | 5.9% | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 29.5% | 4.9% | ||
| Q3 24 | 26.1% | 6.3% | ||
| Q2 24 | 21.3% | 5.1% | ||
| Q1 24 | 22.5% | — |
每股收益（稀释后）APAMPLUS
| Q4 25 | $1.36 | $1.33 | ||
| Q3 25 | $0.93 | $1.32 | ||
| Q2 25 | $0.94 | $1.43 | ||
| Q1 25 | $0.82 | — | ||
| Q4 24 | $0.99 | $0.91 | ||
| Q3 24 | $1.03 | $1.17 | ||
| Q2 24 | $0.80 | $1.02 | ||
| Q1 24 | $0.84 | — |
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 | — | $326.3M |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $1.1B |
| 总资产 | $1.6B | $1.8B |
| 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APAMPLUS
| Q4 25 | — | $326.3M | ||
| Q3 25 | — | $402.2M | ||
| Q2 25 | — | $480.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $253.1M | ||
| Q3 24 | — | $187.5M | ||
| Q2 24 | — | $349.9M | ||
| Q1 24 | — | — |
总债务APAMPLUS
| 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 24 | $200.0M | — |
股东权益APAMPLUS
| Q4 25 | $438.8M | $1.1B | ||
| Q3 25 | $402.1M | $1.0B | ||
| Q2 25 | $381.8M | $1.0B | ||
| Q1 25 | $356.5M | — | ||
| Q4 24 | $388.9M | $962.3M | ||
| Q3 24 | $372.1M | $947.0M | ||
| Q2 24 | $341.2M | $921.9M | ||
| Q1 24 | $320.3M | — |
总资产APAMPLUS
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.5B | $1.7B | ||
| Q1 24 | $1.5B | — |
负债/权益比APAMPLUS
| 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× | — | ||
| 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 | $-87.4M |
| 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× | -2.49× |
| 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APAMPLUS
| Q4 25 | $172.0M | $-87.4M | ||
| Q3 25 | $40.4M | $-34.8M | ||
| Q2 25 | $50.9M | $-99.0M | ||
| Q1 25 | $157.9M | — | ||
| Q4 24 | $372.8M | $65.7M | ||
| Q3 24 | $112.8M | $-21.6M | ||
| Q2 24 | $75.9M | $97.1M | ||
| Q1 24 | $147.0M | — |
自由现金流APAMPLUS
| Q4 25 | $171.6M | — | ||
| Q3 25 | $40.4M | — | ||
| Q2 25 | $50.9M | — | ||
| Q1 25 | $157.7M | — | ||
| Q4 24 | $371.3M | — | ||
| Q3 24 | $112.4M | — | ||
| Q2 24 | $75.2M | — | ||
| Q1 24 | $146.9M | — |
自由现金流率APAMPLUS
| Q4 25 | 51.2% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 18.0% | — | ||
| Q1 25 | 56.9% | — | ||
| Q4 24 | 125.0% | — | ||
| Q3 24 | 40.2% | — | ||
| Q2 24 | 27.8% | — | ||
| Q1 24 | 55.6% | — |
资本支出强度APAMPLUS
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.0% | — |
现金转化率APAMPLUS
| Q4 25 | 1.46× | -2.49× | ||
| Q3 25 | 0.60× | -1.00× | ||
| Q2 25 | 0.75× | -2.63× | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | 2.72× | ||
| Q3 24 | 1.54× | -0.69× | ||
| Q2 24 | 1.32× | 3.55× | ||
| 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
PLUS
| All Others Customer End Market | $107.0M | 17% |
| Technology Customer End Market | $89.4M | 15% |
| Health Care Customer End Market | $81.5M | 13% |
| Financial Services Customer End Market | $66.1M | 11% |
| Professional Services Reporting Unit | $64.1M | 10% |
| Security | $61.1M | 10% |
| State And Local Government And Educational Institutions | $59.9M | 10% |
| Managed Services Reporting Unit | $48.8M | 8% |
| Other Product | $21.1M | 3% |
| Collaboration | $13.4M | 2% |
