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Artisan Partners Asset Management Inc.（APAM）与印度钢铁管理局（SAIL）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.的季度营收约是印度钢铁管理局的1.2倍（$335.5M vs $281.9M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs -12.8%，领先48.0%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 6.7%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $52.5M）
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。
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
APAM vs SAIL — 直观对比
营收规模更大
APAM
是对方的1.2倍
$281.9M
营收增速更快
APAM
高出6.3%
6.7%
净利率更高
APAM
高出48.0%
-12.8%
自由现金流更多
APAM
多$119.1M
$52.5M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $281.9M |
| 净利润 | $118.1M | $-36.0M |
| 毛利率 | — | 66.3% |
| 营业利润率 | 39.2% | -14.8% |
| 净利率 | 35.2% | -12.8% |
| 营收同比 | 12.9% | 6.7% |
| 净利润同比 | 34.9% | -240.9% |
| 每股收益（稀释后） | $1.36 | $-0.06 |
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APAMSAIL
| Q4 25 | $335.5M | $281.9M | ||
| Q3 25 | $301.3M | $264.4M | ||
| Q2 25 | $282.7M | $230.5M | ||
| Q1 25 | $277.1M | $240.1M | ||
| Q4 24 | $297.1M | — | ||
| Q3 24 | $279.6M | $198.6M | ||
| Q2 24 | $270.8M | $187.7M | ||
| Q1 24 | $264.4M | — |
净利润APAMSAIL
| Q4 25 | $118.1M | $-36.0M | ||
| Q3 25 | $66.8M | $-10.6M | ||
| Q2 25 | $67.6M | $-187.3M | ||
| Q1 25 | $61.1M | $-80.1M | ||
| Q4 24 | $87.5M | — | ||
| Q3 24 | $73.0M | $-87.1M | ||
| Q2 24 | $57.6M | $-89.2M | ||
| Q1 24 | $59.5M | — |
毛利率APAMSAIL
| Q4 25 | — | 66.3% | ||
| Q3 25 | — | 67.3% | ||
| Q2 25 | — | 55.4% | ||
| Q1 25 | — | 66.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 62.1% | ||
| Q2 24 | — | 61.5% | ||
| Q1 24 | — | — |
营业利润率APAMSAIL
| Q4 25 | 39.2% | -14.8% | ||
| Q3 25 | 33.8% | -15.4% | ||
| Q2 25 | 28.2% | -80.3% | ||
| Q1 25 | 31.2% | -12.6% | ||
| Q4 24 | 36.7% | — | ||
| Q3 24 | 33.3% | -33.2% | ||
| Q2 24 | 32.0% | -36.3% | ||
| Q1 24 | 29.4% | — |
净利率APAMSAIL
| Q4 25 | 35.2% | -12.8% | ||
| Q3 25 | 22.2% | -4.0% | ||
| Q2 25 | 23.9% | -81.3% | ||
| Q1 25 | 22.1% | -33.4% | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 26.1% | -43.9% | ||
| Q2 24 | 21.3% | -47.5% | ||
| Q1 24 | 22.5% | — |
每股收益（稀释后）APAMSAIL
| Q4 25 | $1.36 | $-0.06 | ||
| Q3 25 | $0.93 | $-0.02 | ||
| Q2 25 | $0.94 | $-0.42 | ||
| Q1 25 | $0.82 | $-6.50 | ||
| Q4 24 | $0.99 | — | ||
| Q3 24 | $1.03 | $-2.97 | ||
| Q2 24 | $0.80 | $-0.77 | ||
| 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 | — | $298.1M |
| 总债务越低越好 | $190.0M | $0 |
| 股东权益账面价值 | $438.8M | $6.8B |
| 总资产 | $1.6B | $7.5B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资APAMSAIL
| Q4 25 | — | $298.1M | ||
| Q3 25 | — | $271.1M | ||
| Q2 25 | — | $228.1M | ||
| Q1 25 | — | $121.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $89.7M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | — |
总债务APAMSAIL
| Q4 25 | $190.0M | $0 | ||
| Q3 25 | $190.0M | $0 | ||
| Q2 25 | $200.0M | $0 | ||
| Q1 25 | $200.0M | $1.0B | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | — |
股东权益APAMSAIL
| Q4 25 | $438.8M | $6.8B | ||
| Q3 25 | $402.1M | $6.8B | ||
| Q2 25 | $381.8M | $6.8B | ||
| Q1 25 | $356.5M | $-5.6B | ||
| Q4 24 | $388.9M | — | ||
| Q3 24 | $372.1M | $-701.3M | ||
| Q2 24 | $341.2M | $-622.5M | ||
| Q1 24 | $320.3M | — |
总资产APAMSAIL
| Q4 25 | $1.6B | $7.5B | ||
| Q3 25 | $1.6B | $7.4B | ||
| Q2 25 | $1.4B | $7.4B | ||
| Q1 25 | $1.4B | $7.4B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
负债/权益比APAMSAIL
| Q4 25 | 0.43× | 0.00× | ||
| Q3 25 | 0.47× | 0.00× | ||
| Q2 25 | 0.52× | 0.00× | ||
| 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 | $53.6M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $52.5M |
| 自由现金流率自由现金流/营收 | 51.2% | 18.6% |
| 资本支出强度资本支出/营收 | 0.1% | 0.4% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流APAMSAIL
| Q4 25 | $172.0M | $53.6M | ||
| Q3 25 | $40.4M | $49.9M | ||
| Q2 25 | $50.9M | $-96.8M | ||
| Q1 25 | $157.9M | — | ||
| Q4 24 | $372.8M | — | ||
| Q3 24 | $112.8M | — | ||
| Q2 24 | $75.9M | $-55.4M | ||
| Q1 24 | $147.0M | — |
自由现金流APAMSAIL
| Q4 25 | $171.6M | $52.5M | ||
| Q3 25 | $40.4M | $49.0M | ||
| Q2 25 | $50.9M | $-99.0M | ||
| Q1 25 | $157.7M | — | ||
| Q4 24 | $371.3M | — | ||
| Q3 24 | $112.4M | — | ||
| Q2 24 | $75.2M | $-56.0M | ||
| Q1 24 | $146.9M | — |
自由现金流率APAMSAIL
| Q4 25 | 51.2% | 18.6% | ||
| Q3 25 | 13.4% | 18.5% | ||
| Q2 25 | 18.0% | -43.0% | ||
| Q1 25 | 56.9% | — | ||
| Q4 24 | 125.0% | — | ||
| Q3 24 | 40.2% | — | ||
| Q2 24 | 27.8% | -29.8% | ||
| Q1 24 | 55.6% | — |
资本支出强度APAMSAIL
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.0% | 0.4% | ||
| Q2 25 | 0.0% | 1.0% | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | 0.3% | ||
| Q1 24 | 0.0% | — |
现金转化率APAMSAIL
| Q4 25 | 1.46× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.75× | — | ||
| 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
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
