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Artisan Partners Asset Management Inc.（APAM）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的1.0倍（$335.5M vs $331.3M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 0.0%，领先35.2%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 2.2%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $8.7M），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs -5.4%）
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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
APAM vs SPWH — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $331.3M |
| 净利润 | $118.1M | $8.0K |
| 毛利率 | — | 32.8% |
| 营业利润率 | 39.2% | 1.3% |
| 净利率 | 35.2% | 0.0% |
| 营收同比 | 12.9% | 2.2% |
| 净利润同比 | 34.9% | -97.8% |
| 每股收益（稀释后） | $1.36 | $0.00 |
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
| Q4 25 | $335.5M | $331.3M | ||
| Q3 25 | $301.3M | $293.9M | ||
| Q2 25 | $282.7M | $249.1M | ||
| Q1 25 | $277.1M | $340.4M | ||
| Q4 24 | $297.1M | $324.3M | ||
| Q3 24 | $279.6M | $288.7M | ||
| Q2 24 | $270.8M | $244.2M | ||
| Q1 24 | $264.4M | $370.4M |
| Q4 25 | $118.1M | $8.0K | ||
| Q3 25 | $66.8M | $-7.1M | ||
| Q2 25 | $67.6M | $-21.3M | ||
| Q1 25 | $61.1M | $-8.7M | ||
| Q4 24 | $87.5M | $-364.0K | ||
| Q3 24 | $73.0M | $-5.9M | ||
| Q2 24 | $57.6M | $-18.1M | ||
| Q1 24 | $59.5M | $-8.7M |
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 30.2% | ||
| Q1 24 | — | 26.8% |
| Q4 25 | 39.2% | 1.3% | ||
| Q3 25 | 33.8% | -1.1% | ||
| Q2 25 | 28.2% | -7.9% | ||
| Q1 25 | 31.2% | 1.1% | ||
| Q4 24 | 36.7% | 1.0% | ||
| Q3 24 | 33.3% | -1.5% | ||
| Q2 24 | 32.0% | -8.4% | ||
| Q1 24 | 29.4% | -2.1% |
| Q4 25 | 35.2% | 0.0% | ||
| Q3 25 | 22.2% | -2.4% | ||
| Q2 25 | 23.9% | -8.5% | ||
| Q1 25 | 22.1% | -2.6% | ||
| Q4 24 | 29.5% | -0.1% | ||
| Q3 24 | 26.1% | -2.0% | ||
| Q2 24 | 21.3% | -7.4% | ||
| Q1 24 | 22.5% | -2.4% |
| Q4 25 | $1.36 | $0.00 | ||
| Q3 25 | $0.93 | $-0.18 | ||
| Q2 25 | $0.94 | $-0.56 | ||
| Q1 25 | $0.82 | $-0.22 | ||
| Q4 24 | $0.99 | $-0.01 | ||
| Q3 24 | $1.03 | $-0.16 | ||
| Q2 24 | $0.80 | $-0.48 | ||
| Q1 24 | $0.84 | $-0.22 |
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 | — | $2.2M |
| 总债务越低越好 | $190.0M | $44.0M |
| 股东权益账面价值 | $438.8M | $209.5M |
| 总资产 | $1.6B | $913.9M |
| 负债/权益比越低杠杆越低 | 0.43× | 0.21× |
8季度趋势，按日历期对齐
| Q4 25 | — | $2.2M | ||
| Q3 25 | — | $1.8M | ||
| Q2 25 | — | $3.6M | ||
| Q1 25 | — | $2.8M | ||
| Q4 24 | — | $2.7M | ||
| Q3 24 | — | $2.6M | ||
| Q2 24 | — | $2.2M | ||
| Q1 24 | — | $3.1M |
| Q4 25 | $190.0M | $44.0M | ||
| Q3 25 | $190.0M | $43.9M | ||
| Q2 25 | $200.0M | $24.1M | ||
| Q1 25 | $200.0M | $24.1M | ||
| Q4 24 | $200.0M | $24.0M | ||
| Q3 24 | $200.0M | $24.0M | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | — |
| Q4 25 | $438.8M | $209.5M | ||
| Q3 25 | $402.1M | $208.9M | ||
| Q2 25 | $381.8M | $215.1M | ||
| Q1 25 | $356.5M | $235.7M | ||
| Q4 24 | $388.9M | $243.6M | ||
| Q3 24 | $372.1M | $243.0M | ||
| Q2 24 | $341.2M | $247.5M | ||
| Q1 24 | $320.3M | $264.6M |
| Q4 25 | $1.6B | $913.9M | ||
| Q3 25 | $1.6B | $948.9M | ||
| Q2 25 | $1.4B | $929.7M | ||
| Q1 25 | $1.4B | $852.1M | ||
| Q4 24 | $1.6B | $967.7M | ||
| Q3 24 | $1.6B | $901.9M | ||
| Q2 24 | $1.5B | $930.4M | ||
| Q1 24 | $1.5B | $886.2M |
| Q4 25 | 0.43× | 0.21× | ||
| Q3 25 | 0.47× | 0.21× | ||
| Q2 25 | 0.52× | 0.11× | ||
| Q1 25 | 0.56× | 0.10× | ||
| Q4 24 | 0.51× | 0.10× | ||
| Q3 24 | 0.54× | 0.10× | ||
| 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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $8.7M |
| 自由现金流率自由现金流/营收 | 51.2% | 2.6% |
| 资本支出强度资本支出/营收 | 0.1% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.46× | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $-39.7M |
8季度趋势，按日历期对齐
| Q4 25 | $172.0M | $16.3M | ||
| Q3 25 | $40.4M | $-26.6M | ||
| Q2 25 | $50.9M | $-60.2M | ||
| Q1 25 | $157.9M | $52.8M | ||
| Q4 24 | $372.8M | $-2.5M | ||
| Q3 24 | $112.8M | $18.5M | ||
| Q2 24 | $75.9M | $-34.6M | ||
| Q1 24 | $147.0M | $68.9M |
| Q4 25 | $171.6M | $8.7M | ||
| Q3 25 | $40.4M | $-33.9M | ||
| Q2 25 | $50.9M | $-64.0M | ||
| Q1 25 | $157.7M | $49.6M | ||
| Q4 24 | $371.3M | $-6.2M | ||
| Q3 24 | $112.4M | $14.1M | ||
| Q2 24 | $75.2M | $-38.0M | ||
| Q1 24 | $146.9M | $60.2M |
| Q4 25 | 51.2% | 2.6% | ||
| Q3 25 | 13.4% | -11.5% | ||
| Q2 25 | 18.0% | -25.7% | ||
| Q1 25 | 56.9% | 14.6% | ||
| Q4 24 | 125.0% | -1.9% | ||
| Q3 24 | 40.2% | 4.9% | ||
| Q2 24 | 27.8% | -15.5% | ||
| Q1 24 | 55.6% | 16.2% |
| Q4 25 | 0.1% | 2.3% | ||
| Q3 25 | 0.0% | 2.5% | ||
| Q2 25 | 0.0% | 1.5% | ||
| Q1 25 | 0.1% | 1.0% | ||
| Q4 24 | 0.5% | 1.1% | ||
| Q3 24 | 0.1% | 1.5% | ||
| Q2 24 | 0.2% | 1.4% | ||
| Q1 24 | 0.0% | 2.4% |
| Q4 25 | 1.46× | 2038.00× | ||
| 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
