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Artisan Partners Asset Management Inc.（APAM）与Tecnoglass Inc.（TGLS）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Tecnoglass Inc.的1.4倍（$335.5M vs $245.3M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 10.6%，领先24.6%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 2.4%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $11.4M），过去两年Tecnoglass Inc.的营收复合增速更高（12.8% 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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
APAM vs TGLS — 直观对比
营收规模更大
APAM
是对方的1.4倍
$245.3M
营收增速更快
APAM
高出10.6%
2.4%
净利率更高
APAM
高出24.6%
10.6%
自由现金流更多
APAM
多$160.2M
$11.4M
两年增速更快
TGLS
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $245.3M |
| 净利润 | $118.1M | $26.1M |
| 毛利率 | — | 40.0% |
| 营业利润率 | 39.2% | 18.3% |
| 净利率 | 35.2% | 10.6% |
| 营收同比 | 12.9% | 2.4% |
| 净利润同比 | 34.9% | -44.5% |
| 每股收益（稀释后） | $1.36 | $0.57 |
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APAMTGLS
| Q4 25 | $335.5M | $245.3M | ||
| Q3 25 | $301.3M | $260.5M | ||
| Q2 25 | $282.7M | $255.5M | ||
| Q1 25 | $277.1M | $222.3M | ||
| Q4 24 | $297.1M | $239.6M | ||
| Q3 24 | $279.6M | $238.3M | ||
| Q2 24 | $270.8M | $219.7M | ||
| Q1 24 | $264.4M | $192.6M |
净利润APAMTGLS
| Q4 25 | $118.1M | $26.1M | ||
| Q3 25 | $66.8M | $47.2M | ||
| Q2 25 | $67.6M | $44.1M | ||
| Q1 25 | $61.1M | $42.2M | ||
| Q4 24 | $87.5M | $47.0M | ||
| Q3 24 | $73.0M | $49.5M | ||
| Q2 24 | $57.6M | $35.0M | ||
| Q1 24 | $59.5M | $29.7M |
毛利率APAMTGLS
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
营业利润率APAMTGLS
| Q4 25 | 39.2% | 18.3% | ||
| Q3 25 | 33.8% | 25.1% | ||
| Q2 25 | 28.2% | 24.0% | ||
| Q1 25 | 31.2% | 26.7% | ||
| Q4 24 | 36.7% | 28.0% | ||
| Q3 24 | 33.3% | 28.4% | ||
| Q2 24 | 32.0% | 23.3% | ||
| Q1 24 | 29.4% | 21.3% |
净利率APAMTGLS
| Q4 25 | 35.2% | 10.6% | ||
| Q3 25 | 22.2% | 18.1% | ||
| Q2 25 | 23.9% | 17.3% | ||
| Q1 25 | 22.1% | 19.0% | ||
| Q4 24 | 29.5% | 19.6% | ||
| Q3 24 | 26.1% | 20.8% | ||
| Q2 24 | 21.3% | 15.9% | ||
| Q1 24 | 22.5% | 15.4% |
每股收益（稀释后）APAMTGLS
| Q4 25 | $1.36 | $0.57 | ||
| Q3 25 | $0.93 | $1.01 | ||
| Q2 25 | $0.94 | $0.94 | ||
| Q1 25 | $0.82 | $0.90 | ||
| Q4 24 | $0.99 | $1.00 | ||
| Q3 24 | $1.03 | $1.05 | ||
| Q2 24 | $0.80 | $0.75 | ||
| Q1 24 | $0.84 | $0.63 |
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 | — | $104.1M |
| 总债务越低越好 | $190.0M | $174.4M |
| 股东权益账面价值 | $438.8M | $713.1M |
| 总资产 | $1.6B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资APAMTGLS
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $127.1M | ||
| Q2 25 | — | $140.9M | ||
| Q1 25 | — | $160.2M | ||
| Q4 24 | — | $137.5M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $138.8M |
总债务APAMTGLS
| Q4 25 | $190.0M | $174.4M | ||
| Q3 25 | $190.0M | $114.7M | ||
| Q2 25 | $200.0M | $110.6M | ||
| Q1 25 | $200.0M | $110.6M | ||
| Q4 24 | $200.0M | $111.1M | ||
| Q3 24 | $200.0M | $126.8M | ||
| Q2 24 | $200.0M | $144.7M | ||
| Q1 24 | $200.0M | $160.9M |
股东权益APAMTGLS
| Q4 25 | $438.8M | $713.1M | ||
| Q3 25 | $402.1M | $764.0M | ||
| Q2 25 | $381.8M | $736.0M | ||
| Q1 25 | $356.5M | $685.1M | ||
| Q4 24 | $388.9M | $631.2M | ||
| Q3 24 | $372.1M | $613.3M | ||
| Q2 24 | $341.2M | $574.8M | ||
| Q1 24 | $320.3M | $573.6M |
总资产APAMTGLS
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.6B | $996.3M | ||
| Q2 24 | $1.5B | $942.5M | ||
| Q1 24 | $1.5B | $981.6M |
负债/权益比APAMTGLS
| Q4 25 | 0.43× | 0.24× | ||
| Q3 25 | 0.47× | 0.15× | ||
| Q2 25 | 0.52× | 0.15× | ||
| Q1 25 | 0.56× | 0.16× | ||
| Q4 24 | 0.51× | 0.18× | ||
| Q3 24 | 0.54× | 0.21× | ||
| Q2 24 | 0.59× | 0.25× | ||
| Q1 24 | 0.62× | 0.28× |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $11.4M |
| 自由现金流率自由现金流/营收 | 51.2% | 4.7% |
| 资本支出强度资本支出/营收 | 0.1% | 8.0% |
| 现金转化率经营现金流/净利润 | 1.46× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $34.5M |
8季度趋势，按日历期对齐
经营现金流APAMTGLS
| Q4 25 | $172.0M | $31.0M | ||
| Q3 25 | $40.4M | $40.0M | ||
| Q2 25 | $50.9M | $17.9M | ||
| Q1 25 | $157.9M | $46.9M | ||
| Q4 24 | $372.8M | $61.1M | ||
| Q3 24 | $112.8M | $41.5M | ||
| Q2 24 | $75.9M | $34.5M | ||
| Q1 24 | $147.0M | $33.4M |
自由现金流APAMTGLS
| Q4 25 | $171.6M | $11.4M | ||
| Q3 25 | $40.4M | $21.2M | ||
| Q2 25 | $50.9M | $-14.7M | ||
| Q1 25 | $157.7M | $16.5M | ||
| Q4 24 | $371.3M | $35.4M | ||
| Q3 24 | $112.4M | $17.8M | ||
| Q2 24 | $75.2M | $14.2M | ||
| Q1 24 | $146.9M | $23.6M |
自由现金流率APAMTGLS
| Q4 25 | 51.2% | 4.7% | ||
| Q3 25 | 13.4% | 8.2% | ||
| Q2 25 | 18.0% | -5.7% | ||
| Q1 25 | 56.9% | 7.4% | ||
| Q4 24 | 125.0% | 14.8% | ||
| Q3 24 | 40.2% | 7.5% | ||
| Q2 24 | 27.8% | 6.5% | ||
| Q1 24 | 55.6% | 12.2% |
资本支出强度APAMTGLS
| Q4 25 | 0.1% | 8.0% | ||
| Q3 25 | 0.0% | 7.2% | ||
| Q2 25 | 0.0% | 12.7% | ||
| Q1 25 | 0.1% | 13.7% | ||
| Q4 24 | 0.5% | 10.7% | ||
| Q3 24 | 0.1% | 9.9% | ||
| Q2 24 | 0.2% | 9.2% | ||
| Q1 24 | 0.0% | 5.1% |
现金转化率APAMTGLS
| Q4 25 | 1.46× | 1.19× | ||
| Q3 25 | 0.60× | 0.85× | ||
| Q2 25 | 0.75× | 0.41× | ||
| Q1 25 | 2.58× | 1.11× | ||
| Q4 24 | 4.26× | 1.30× | ||
| Q3 24 | 1.54× | 0.84× | ||
| Q2 24 | 1.32× | 0.98× | ||
| Q1 24 | 2.47× | 1.13× |
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
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
