vs
Artisan Partners Asset Management Inc.（APAM）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.8倍（$335.5M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 35.2%，领先12.7%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs -21.9%），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs -15.4%）
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。
APAM vs RILY — 直观对比
营收规模更大
APAM
是对方的1.8倍
$188.3M
营收增速更快
APAM
高出34.8%
-21.9%
净利率更高
RILY
高出12.7%
35.2%
两年增速更快
APAM
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $188.3M |
| 净利润 | $118.1M | $90.3M |
| 毛利率 | — | 79.5% |
| 营业利润率 | 39.2% | 32.3% |
| 净利率 | 35.2% | 47.9% |
| 营收同比 | 12.9% | -21.9% |
| 净利润同比 | 34.9% | 1710.8% |
| 每股收益（稀释后） | $1.36 | $2.78 |
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APAMRILY
| Q4 25 | $335.5M | $188.3M | ||
| Q3 25 | $301.3M | $215.3M | ||
| Q2 25 | $282.7M | $188.2M | ||
| Q1 25 | $277.1M | $197.2M | ||
| Q4 24 | $297.1M | $241.0M | ||
| Q3 24 | $279.6M | $225.5M | ||
| Q2 24 | $270.8M | $256.0M | ||
| Q1 24 | $264.4M | $263.4M |
净利润APAMRILY
| Q4 25 | $118.1M | $90.3M | ||
| Q3 25 | $66.8M | $91.1M | ||
| Q2 25 | $67.6M | $139.5M | ||
| Q1 25 | $61.1M | $-10.0M | ||
| Q4 24 | $87.5M | $-5.6M | ||
| Q3 24 | $73.0M | $-284.4M | ||
| Q2 24 | $57.6M | $-433.6M | ||
| Q1 24 | $59.5M | $-49.2M |
毛利率APAMRILY
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% | ||
| Q1 24 | — | 85.3% |
营业利润率APAMRILY
| Q4 25 | 39.2% | 32.3% | ||
| Q3 25 | 33.8% | 30.4% | ||
| Q2 25 | 28.2% | 5.7% | ||
| Q1 25 | 31.2% | -31.2% | ||
| Q4 24 | 36.7% | -69.2% | ||
| Q3 24 | 33.3% | -36.4% | ||
| Q2 24 | 32.0% | -90.8% | ||
| Q1 24 | 29.4% | -6.1% |
净利率APAMRILY
| Q4 25 | 35.2% | 47.9% | ||
| Q3 25 | 22.2% | 42.3% | ||
| Q2 25 | 23.9% | 74.1% | ||
| Q1 25 | 22.1% | -5.1% | ||
| Q4 24 | 29.5% | -2.3% | ||
| Q3 24 | 26.1% | -126.1% | ||
| Q2 24 | 21.3% | -169.4% | ||
| Q1 24 | 22.5% | -18.7% |
每股收益（稀释后）APAMRILY
| Q4 25 | $1.36 | $2.78 | ||
| Q3 25 | $0.93 | $2.91 | ||
| Q2 25 | $0.94 | $4.50 | ||
| Q1 25 | $0.82 | $-0.39 | ||
| Q4 24 | $0.99 | $-0.01 | ||
| Q3 24 | $1.03 | $-9.39 | ||
| Q2 24 | $0.80 | $-14.35 | ||
| Q1 24 | $0.84 | $-1.71 |
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 | — | $226.6M |
| 总债务越低越好 | $190.0M | $1.4B |
| 股东权益账面价值 | $438.8M | $-171.5M |
| 总资产 | $1.6B | $1.7B |
| 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APAMRILY
| Q4 25 | — | $226.6M | ||
| Q3 25 | — | $184.2M | ||
| Q2 25 | — | $267.4M | ||
| Q1 25 | — | $138.3M | ||
| Q4 24 | — | $146.9M | ||
| Q3 24 | — | $159.2M | ||
| Q2 24 | — | $236.9M | ||
| Q1 24 | — | $190.7M |
总债务APAMRILY
| Q4 25 | $190.0M | $1.4B | ||
| Q3 25 | $190.0M | $1.3B | ||
| Q2 25 | $200.0M | $1.3B | ||
| Q1 25 | $200.0M | $1.4B | ||
| Q4 24 | $200.0M | $1.5B | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | — |
股东权益APAMRILY
| Q4 25 | $438.8M | $-171.5M | ||
| Q3 25 | $402.1M | $-260.5M | ||
| Q2 25 | $381.8M | $-351.7M | ||
| Q1 25 | $356.5M | $-496.8M | ||
| Q4 24 | $388.9M | $-488.2M | ||
| Q3 24 | $372.1M | $-497.6M | ||
| Q2 24 | $341.2M | $-218.3M | ||
| Q1 24 | $320.3M | $228.4M |
总资产APAMRILY
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.5B | $3.2B | ||
| Q1 24 | $1.5B | $5.0B |
负债/权益比APAMRILY
| 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 | $26.2M |
| 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× | 0.29× |
| 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APAMRILY
| Q4 25 | $172.0M | $26.2M | ||
| Q3 25 | $40.4M | $-60.6M | ||
| Q2 25 | $50.9M | $-25.6M | ||
| Q1 25 | $157.9M | $184.0K | ||
| Q4 24 | $372.8M | $-2.7M | ||
| Q3 24 | $112.8M | $19.5M | ||
| Q2 24 | $75.9M | $111.5M | ||
| Q1 24 | $147.0M | $135.4M |
自由现金流APAMRILY
| 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APAMRILY
| 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APAMRILY
| 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APAMRILY
| Q4 25 | 1.46× | 0.29× | ||
| Q3 25 | 0.60× | -0.66× | ||
| Q2 25 | 0.75× | -0.18× | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.54× | — | ||
| Q2 24 | 1.32× | — | ||
| 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
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
