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Artisan Partners Asset Management Inc.（APAM）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是Artisan Partners Asset Management Inc.的2.0倍（$663.0M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 30.8%，领先4.4%），Reddit, Inc.同比增速更快（69.0% vs 12.9%），Reddit, Inc.自由现金流更多（$311.0M vs $171.6M），过去两年Reddit, Inc.的营收复合增速更高（53.6% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
APAM vs RDDT — 直观对比
营收规模更大
RDDT
是对方的2.0倍
$335.5M
营收增速更快
RDDT
高出56.1%
12.9%
净利率更高
APAM
高出4.4%
30.8%
自由现金流更多
RDDT
多$139.4M
$171.6M
两年增速更快
RDDT
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $663.0M |
| 净利润 | $118.1M | $204.0M |
| 毛利率 | — | 100.0% |
| 营业利润率 | 39.2% | 0.0% |
| 净利率 | 35.2% | 30.8% |
| 营收同比 | 12.9% | 69.0% |
| 净利润同比 | 34.9% | 680.0% |
| 每股收益（稀释后） | $1.36 | $1.01 |
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APAMRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $335.5M | $725.6M | ||
| Q3 25 | $301.3M | $584.9M | ||
| Q2 25 | $282.7M | $499.6M | ||
| Q1 25 | $277.1M | $392.4M | ||
| Q4 24 | $297.1M | $427.7M | ||
| Q3 24 | $279.6M | $348.4M | ||
| Q2 24 | $270.8M | $281.2M |
净利润APAMRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $118.1M | $251.6M | ||
| Q3 25 | $66.8M | $162.7M | ||
| Q2 25 | $67.6M | $89.3M | ||
| Q1 25 | $61.1M | $26.2M | ||
| Q4 24 | $87.5M | $71.0M | ||
| Q3 24 | $73.0M | $29.9M | ||
| Q2 24 | $57.6M | $-10.1M |
毛利率APAMRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% |
营业利润率APAMRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | 39.2% | 31.9% | ||
| Q3 25 | 33.8% | 23.7% | ||
| Q2 25 | 28.2% | 13.6% | ||
| Q1 25 | 31.2% | 1.0% | ||
| Q4 24 | 36.7% | 12.4% | ||
| Q3 24 | 33.3% | 2.0% | ||
| Q2 24 | 32.0% | -11.0% |
净利率APAMRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | 35.2% | 34.7% | ||
| Q3 25 | 22.2% | 27.8% | ||
| Q2 25 | 23.9% | 17.9% | ||
| Q1 25 | 22.1% | 6.7% | ||
| Q4 24 | 29.5% | 16.6% | ||
| Q3 24 | 26.1% | 8.6% | ||
| Q2 24 | 21.3% | -3.6% |
每股收益（稀释后）APAMRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $1.36 | $1.24 | ||
| Q3 25 | $0.93 | $0.80 | ||
| Q2 25 | $0.94 | $0.45 | ||
| Q1 25 | $0.82 | $0.13 | ||
| Q4 24 | $0.99 | $4.76 | ||
| Q3 24 | $1.03 | $0.16 | ||
| Q2 24 | $0.80 | $-0.06 |
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 | — | $1.4B |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $3.2B |
| 总资产 | $1.6B | $3.5B |
| 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APAMRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $953.6M | ||
| Q3 25 | — | $911.7M | ||
| Q2 25 | — | $734.1M | ||
| Q1 25 | — | $635.7M | ||
| Q4 24 | — | $562.1M | ||
| Q3 24 | — | $515.9M | ||
| Q2 24 | — | $468.0M |
总债务APAMRDDT
| 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 | — |
股东权益APAMRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $438.8M | $2.9B | ||
| Q3 25 | $402.1M | $2.6B | ||
| Q2 25 | $381.8M | $2.4B | ||
| Q1 25 | $356.5M | $2.2B | ||
| Q4 24 | $388.9M | $2.1B | ||
| Q3 24 | $372.1M | $2.0B | ||
| Q2 24 | $341.2M | $1.9B |
总资产APAMRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $1.6B | $3.2B | ||
| Q3 25 | $1.6B | $2.9B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.5B | $2.1B |
负债/权益比APAMRDDT
| 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 | $311.0M |
| 自由现金流率自由现金流/营收 | 51.2% | 46.9% |
| 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 | $868.6M |
8季度趋势，按日历期对齐
经营现金流APAMRDDT
| Q1 26 | — | — | ||
| Q4 25 | $172.0M | $266.8M | ||
| Q3 25 | $40.4M | $185.2M | ||
| Q2 25 | $50.9M | $111.3M | ||
| Q1 25 | $157.9M | $127.6M | ||
| Q4 24 | $372.8M | $90.0M | ||
| Q3 24 | $112.8M | $71.6M | ||
| Q2 24 | $75.9M | $28.4M |
自由现金流APAMRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $171.6M | $263.6M | ||
| Q3 25 | $40.4M | $183.1M | ||
| Q2 25 | $50.9M | $110.8M | ||
| Q1 25 | $157.7M | $126.6M | ||
| Q4 24 | $371.3M | $89.2M | ||
| Q3 24 | $112.4M | $70.3M | ||
| Q2 24 | $75.2M | $27.2M |
自由现金流率APAMRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | 51.2% | 36.3% | ||
| Q3 25 | 13.4% | 31.3% | ||
| Q2 25 | 18.0% | 22.2% | ||
| Q1 25 | 56.9% | 32.3% | ||
| Q4 24 | 125.0% | 20.8% | ||
| Q3 24 | 40.2% | 20.2% | ||
| Q2 24 | 27.8% | 9.7% |
资本支出强度APAMRDDT
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.0% | 0.4% | ||
| Q2 25 | 0.0% | 0.1% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | 0.2% | 0.4% |
现金转化率APAMRDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 1.06× | ||
| Q3 25 | 0.60× | 1.14× | ||
| Q2 25 | 0.75× | 1.25× | ||
| Q1 25 | 2.58× | 4.88× | ||
| Q4 24 | 4.26× | 1.27× | ||
| Q3 24 | 1.54× | 2.40× | ||
| 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
