vs
Artisan Partners Asset Management Inc.（APAM）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是Artisan Partners Asset Management Inc.的1.8倍（$613.5M vs $335.5M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 13.2%，领先22.0%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs 8.6%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $2.0M），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 6.5%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
APAM vs TYL — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $613.5M |
| 净利润 | $118.1M | $81.2M |
| 毛利率 | — | 48.3% |
| 营业利润率 | 39.2% | 16.3% |
| 净利率 | 35.2% | 13.2% |
| 营收同比 | 12.9% | 8.6% |
| 净利润同比 | 34.9% | — |
| 每股收益（稀释后） | $1.36 | $1.88 |
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
| Q1 26 | — | $613.5M | ||
| Q4 25 | $335.5M | $575.2M | ||
| Q3 25 | $301.3M | $595.9M | ||
| Q2 25 | $282.7M | $596.1M | ||
| Q1 25 | $277.1M | $565.2M | ||
| Q4 24 | $297.1M | $541.1M | ||
| Q3 24 | $279.6M | $543.3M | ||
| Q2 24 | $270.8M | $541.0M |
| Q1 26 | — | $81.2M | ||
| Q4 25 | $118.1M | $65.5M | ||
| Q3 25 | $66.8M | $84.4M | ||
| Q2 25 | $67.6M | $84.6M | ||
| Q1 25 | $61.1M | $81.1M | ||
| Q4 24 | $87.5M | $65.2M | ||
| Q3 24 | $73.0M | $75.9M | ||
| Q2 24 | $57.6M | $67.7M |
| Q1 26 | — | 48.3% | ||
| Q4 25 | — | 45.5% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 47.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 44.0% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 39.2% | 13.0% | ||
| Q3 25 | 33.8% | 16.4% | ||
| Q2 25 | 28.2% | 16.0% | ||
| Q1 25 | 31.2% | 15.8% | ||
| Q4 24 | 36.7% | 13.2% | ||
| Q3 24 | 33.3% | 15.2% | ||
| Q2 24 | 32.0% | 14.4% |
| Q1 26 | — | 13.2% | ||
| Q4 25 | 35.2% | 11.4% | ||
| Q3 25 | 22.2% | 14.2% | ||
| Q2 25 | 23.9% | 14.2% | ||
| Q1 25 | 22.1% | 14.3% | ||
| Q4 24 | 29.5% | 12.1% | ||
| Q3 24 | 26.1% | 14.0% | ||
| Q2 24 | 21.3% | 12.5% |
| Q1 26 | — | $1.88 | ||
| Q4 25 | $1.36 | $1.50 | ||
| Q3 25 | $0.93 | $1.93 | ||
| Q2 25 | $0.94 | $1.93 | ||
| Q1 25 | $0.82 | $1.84 | ||
| Q4 24 | $0.99 | $1.48 | ||
| Q3 24 | $1.03 | $1.74 | ||
| Q2 24 | $0.80 | $1.57 |
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 | — | $346.4M |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $3.6B |
| 总资产 | $1.6B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $346.4M | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $950.8M | ||
| Q2 25 | — | $892.3M | ||
| Q1 25 | — | $807.4M | ||
| Q4 24 | — | $768.0M | ||
| Q3 24 | — | $544.3M | ||
| Q2 24 | — | $258.0M |
| Q1 26 | — | — | ||
| Q4 25 | $190.0M | $599.7M | ||
| Q3 25 | $190.0M | $599.2M | ||
| Q2 25 | $200.0M | $598.8M | ||
| Q1 25 | $200.0M | $598.4M | ||
| Q4 24 | $200.0M | $597.9M | ||
| Q3 24 | $200.0M | $597.5M | ||
| Q2 24 | $200.0M | $597.1M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $438.8M | $3.7B | ||
| Q3 25 | $402.1M | $3.6B | ||
| Q2 25 | $381.8M | $3.6B | ||
| Q1 25 | $356.5M | $3.5B | ||
| Q4 24 | $388.9M | $3.4B | ||
| Q3 24 | $372.1M | $3.3B | ||
| Q2 24 | $341.2M | $3.1B |
| Q1 26 | — | $4.8B | ||
| Q4 25 | $1.6B | $5.6B | ||
| Q3 25 | $1.6B | $5.5B | ||
| Q2 25 | $1.4B | $5.4B | ||
| Q1 25 | $1.4B | $5.2B | ||
| Q4 24 | $1.6B | $5.2B | ||
| Q3 24 | $1.6B | $5.0B | ||
| Q2 24 | $1.5B | $4.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 0.16× | ||
| Q3 25 | 0.47× | 0.17× | ||
| Q2 25 | 0.52× | 0.16× | ||
| Q1 25 | 0.56× | 0.17× | ||
| Q4 24 | 0.51× | 0.18× | ||
| Q3 24 | 0.54× | 0.18× | ||
| Q2 24 | 0.59× | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $2.0M |
| 自由现金流率自由现金流/营收 | 51.2% | 0.3% |
| 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× | 1.32× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $585.7M |
8季度趋势，按日历期对齐
| Q1 26 | — | $107.3M | ||
| Q4 25 | $172.0M | $243.9M | ||
| Q3 25 | $40.4M | $255.2M | ||
| Q2 25 | $50.9M | $98.3M | ||
| Q1 25 | $157.9M | $56.2M | ||
| Q4 24 | $372.8M | $224.8M | ||
| Q3 24 | $112.8M | $263.7M | ||
| Q2 24 | $75.9M | $64.3M |
| Q1 26 | — | $2.0M | ||
| Q4 25 | $171.6M | $239.6M | ||
| Q3 25 | $40.4M | $251.3M | ||
| Q2 25 | $50.9M | $92.8M | ||
| Q1 25 | $157.7M | $53.8M | ||
| Q4 24 | $371.3M | $221.0M | ||
| Q3 24 | $112.4M | $260.8M | ||
| Q2 24 | $75.2M | $57.7M |
| Q1 26 | — | 0.3% | ||
| Q4 25 | 51.2% | 41.7% | ||
| Q3 25 | 13.4% | 42.2% | ||
| Q2 25 | 18.0% | 15.6% | ||
| Q1 25 | 56.9% | 9.5% | ||
| Q4 24 | 125.0% | 40.8% | ||
| Q3 24 | 40.2% | 48.0% | ||
| Q2 24 | 27.8% | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 0.8% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.0% | 0.9% | ||
| Q1 25 | 0.1% | 0.4% | ||
| Q4 24 | 0.5% | 0.7% | ||
| Q3 24 | 0.1% | 0.5% | ||
| Q2 24 | 0.2% | 1.2% |
| Q1 26 | — | 1.32× | ||
| Q4 25 | 1.46× | 3.72× | ||
| Q3 25 | 0.60× | 3.02× | ||
| Q2 25 | 0.75× | 1.16× | ||
| Q1 25 | 2.58× | 0.69× | ||
| Q4 24 | 4.26× | 3.45× | ||
| Q3 24 | 1.54× | 3.47× | ||
| Q2 24 | 1.32× | 0.95× |
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
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
