vs
Artisan Partners Asset Management Inc.（APAM）与StubHub Holdings, Inc.（STUB）财务数据对比。点击上方公司名可切换其他公司
StubHub Holdings, Inc.的季度营收约是Artisan Partners Asset Management Inc.的1.4倍（$468.1M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs -276.6%，领先311.8%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 7.9%），StubHub Holdings, Inc.自由现金流更多（$180.3M vs $171.6M）
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。
StubHub Holdings是全球领先的在线票务交易平台，提供演唱会、体育赛事、戏剧演出等各类现场娱乐活动的门票转售及直购服务，覆盖北美、欧洲、亚太等核心市场，为消费者、活动主办方和票务卖家提供安全可靠的交易渠道。
APAM vs STUB — 直观对比
营收规模更大
STUB
是对方的1.4倍
$335.5M
营收增速更快
APAM
高出5.0%
7.9%
净利率更高
APAM
高出311.8%
-276.6%
自由现金流更多
STUB
多$8.6M
$171.6M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $468.1M |
| 净利润 | $118.1M | $-1.3B |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | -292.3% |
| 净利率 | 35.2% | -276.6% |
| 营收同比 | 12.9% | 7.9% |
| 净利润同比 | 34.9% | -3821.6% |
| 每股收益（稀释后） | $1.36 | $-4.27 |
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APAMSTUB
| Q4 25 | $335.5M | — | ||
| Q3 25 | $301.3M | $468.1M | ||
| Q2 25 | $282.7M | — | ||
| Q1 25 | $277.1M | — | ||
| Q4 24 | $297.1M | — | ||
| Q3 24 | $279.6M | $433.8M | ||
| Q2 24 | $270.8M | — | ||
| Q1 24 | $264.4M | — |
净利润APAMSTUB
| Q4 25 | $118.1M | — | ||
| Q3 25 | $66.8M | $-1.3B | ||
| Q2 25 | $67.6M | — | ||
| Q1 25 | $61.1M | — | ||
| Q4 24 | $87.5M | — | ||
| Q3 24 | $73.0M | $-33.0M | ||
| Q2 24 | $57.6M | — | ||
| Q1 24 | $59.5M | — |
营业利润率APAMSTUB
| Q4 25 | 39.2% | — | ||
| Q3 25 | 33.8% | -292.3% | ||
| Q2 25 | 28.2% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 36.7% | — | ||
| Q3 24 | 33.3% | 2.8% | ||
| Q2 24 | 32.0% | — | ||
| Q1 24 | 29.4% | — |
净利率APAMSTUB
| Q4 25 | 35.2% | — | ||
| Q3 25 | 22.2% | -276.6% | ||
| Q2 25 | 23.9% | — | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 26.1% | -7.6% | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 22.5% | — |
每股收益（稀释后）APAMSTUB
| Q4 25 | $1.36 | — | ||
| Q3 25 | $0.93 | $-4.27 | ||
| Q2 25 | $0.94 | — | ||
| Q1 25 | $0.82 | — | ||
| Q4 24 | $0.99 | — | ||
| Q3 24 | $1.03 | $-0.15 | ||
| Q2 24 | $0.80 | — | ||
| 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 | — | $1.4B |
| 总债务越低越好 | $190.0M | $1.7B |
| 股东权益账面价值 | $438.8M | $1.7B |
| 总资产 | $1.6B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资APAMSTUB
| Q4 25 | — | — | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务APAMSTUB
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | $1.7B | ||
| 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APAMSTUB
| Q4 25 | $438.8M | — | ||
| Q3 25 | $402.1M | $1.7B | ||
| Q2 25 | $381.8M | — | ||
| Q1 25 | $356.5M | — | ||
| Q4 24 | $388.9M | — | ||
| Q3 24 | $372.1M | $815.9M | ||
| Q2 24 | $341.2M | — | ||
| Q1 24 | $320.3M | — |
总资产APAMSTUB
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $5.6B | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
负债/权益比APAMSTUB
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | 0.98× | ||
| 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 | $181.4M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $180.3M |
| 自由现金流率自由现金流/营收 | 51.2% | 38.5% |
| 资本支出强度资本支出/营收 | 0.1% | 0.2% |
| 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APAMSTUB
| Q4 25 | $172.0M | — | ||
| Q3 25 | $40.4M | $181.4M | ||
| Q2 25 | $50.9M | — | ||
| Q1 25 | $157.9M | — | ||
| Q4 24 | $372.8M | — | ||
| Q3 24 | $112.8M | — | ||
| Q2 24 | $75.9M | — | ||
| Q1 24 | $147.0M | — |
自由现金流APAMSTUB
| Q4 25 | $171.6M | — | ||
| Q3 25 | $40.4M | $180.3M | ||
| 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APAMSTUB
| Q4 25 | 51.2% | — | ||
| Q3 25 | 13.4% | 38.5% | ||
| 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APAMSTUB
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | 0.2% | ||
| 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APAMSTUB
| 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
STUB
| Transaction Fees | $453.4M | 97% |
| Other | $14.7M | 3% |
