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Artisan Partners Asset Management Inc.（APAM）与Texas Pacific Land Corporation（TPL）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Texas Pacific Land Corporation的1.6倍（$335.5M vs $211.6M），Texas Pacific Land Corporation净利率更高（58.3% vs 35.2%，领先23.1%），Texas Pacific Land Corporation同比增速更快（13.9% vs 12.9%），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 10.2%）
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。
Texas Pacific Land Corporation（简称TPL）是一家公开上市的不动产运营企业，行政总部位于美国得克萨斯州达拉斯市。公司在得州西部20个郡拥有逾88万英亩（约3600平方公里）土地，是得州规模最大的私人土地所有者之一，前身为得克萨斯太平洋土地信托。
APAM vs TPL — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $211.6M |
| 净利润 | $118.1M | $123.3M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 70.5% |
| 净利率 | 35.2% | 58.3% |
| 营收同比 | 12.9% | 13.9% |
| 净利润同比 | 34.9% | 4.2% |
| 每股收益（稀释后） | $1.36 | $-8.59 |
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 | $211.6M | ||
| Q3 25 | $301.3M | $203.1M | ||
| Q2 25 | $282.7M | $187.5M | ||
| Q1 25 | $277.1M | $196.0M | ||
| Q4 24 | $297.1M | $185.8M | ||
| Q3 24 | $279.6M | $173.6M | ||
| Q2 24 | $270.8M | $172.3M | ||
| Q1 24 | $264.4M | $174.1M |
| Q4 25 | $118.1M | $123.3M | ||
| Q3 25 | $66.8M | $121.2M | ||
| Q2 25 | $67.6M | $116.1M | ||
| Q1 25 | $61.1M | $120.7M | ||
| Q4 24 | $87.5M | $118.4M | ||
| Q3 24 | $73.0M | $106.6M | ||
| Q2 24 | $57.6M | $114.6M | ||
| Q1 24 | $59.5M | $114.4M |
| Q4 25 | 39.2% | 70.5% | ||
| Q3 25 | 33.8% | 73.4% | ||
| Q2 25 | 28.2% | 76.6% | ||
| Q1 25 | 31.2% | 76.6% | ||
| Q4 24 | 36.7% | 76.7% | ||
| Q3 24 | 33.3% | 73.4% | ||
| Q2 24 | 32.0% | 77.3% | ||
| Q1 24 | 29.4% | 78.1% |
| Q4 25 | 35.2% | 58.3% | ||
| Q3 25 | 22.2% | 59.7% | ||
| Q2 25 | 23.9% | 61.9% | ||
| Q1 25 | 22.1% | 61.6% | ||
| Q4 24 | 29.5% | 63.7% | ||
| Q3 24 | 26.1% | 61.4% | ||
| Q2 24 | 21.3% | 66.5% | ||
| Q1 24 | 22.5% | 65.7% |
| Q4 25 | $1.36 | $-8.59 | ||
| Q3 25 | $0.93 | $5.27 | ||
| Q2 25 | $0.94 | $5.05 | ||
| Q1 25 | $0.82 | $5.24 | ||
| Q4 24 | $0.99 | $5.14 | ||
| Q3 24 | $1.03 | $4.63 | ||
| Q2 24 | $0.80 | $4.98 | ||
| Q1 24 | $0.84 | $4.97 |
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 | — | $144.8M |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $1.5B |
| 总资产 | $1.6B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
| Q4 25 | — | $144.8M | ||
| Q3 25 | — | $531.8M | ||
| Q2 25 | — | $543.9M | ||
| Q1 25 | — | $460.4M | ||
| Q4 24 | — | $369.8M | ||
| Q3 24 | — | $533.9M | ||
| Q2 24 | — | $894.7M | ||
| Q1 24 | — | $837.1M |
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — | ||
| Q1 24 | $200.0M | — |
| Q4 25 | $438.8M | $1.5B | ||
| Q3 25 | $402.1M | $1.4B | ||
| Q2 25 | $381.8M | $1.3B | ||
| Q1 25 | $356.5M | $1.2B | ||
| Q4 24 | $388.9M | $1.1B | ||
| Q3 24 | $372.1M | $1.1B | ||
| Q2 24 | $341.2M | $1.2B | ||
| Q1 24 | $320.3M | $1.1B |
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.5B | $1.3B |
| 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 | $113.7M |
| 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× | 0.92× |
| 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
| Q4 25 | $172.0M | $113.7M | ||
| Q3 25 | $40.4M | $154.6M | ||
| Q2 25 | $50.9M | $120.9M | ||
| Q1 25 | $157.9M | $156.7M | ||
| Q4 24 | $372.8M | $126.6M | ||
| Q3 24 | $112.8M | $118.6M | ||
| Q2 24 | $75.9M | $98.3M | ||
| Q1 24 | $147.0M | $147.2M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 1.46× | 0.92× | ||
| Q3 25 | 0.60× | 1.28× | ||
| Q2 25 | 0.75× | 1.04× | ||
| Q1 25 | 2.58× | 1.30× | ||
| Q4 24 | 4.26× | 1.07× | ||
| Q3 24 | 1.54× | 1.11× | ||
| Q2 24 | 1.32× | 0.86× | ||
| Q1 24 | 2.47× | 1.29× |
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
TPL
| Water Serviceand Operations Segment | $98.2M | 46% |
| Water Sales And Royalties | $60.7M | 29% |
| Produced Water Royalties | $33.5M | 16% |
| Easementand Sundry | $20.6M | 10% |
