vs
Artisan Partners Asset Management Inc.（APAM）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）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VIRTUS INVESTMENT PARTNERS, INC.的1.6倍（$335.5M vs $208.0M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 16.3%，领先18.9%），Artisan Partners Asset Management Inc.同比增速更快（12.9% vs -10.9%），Artisan Partners Asset Management Inc.自由现金流更多（$171.6M vs $-74.1M），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs -3.2%）
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。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
APAM vs VRTS — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $208.0M |
| 净利润 | $118.1M | $33.9M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 19.1% |
| 净利率 | 35.2% | 16.3% |
| 营收同比 | 12.9% | -10.9% |
| 净利润同比 | 34.9% | -14.2% |
| 每股收益（稀释后） | $1.36 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $301.3M | $216.4M | ||
| Q2 25 | $282.7M | $210.5M | ||
| Q1 25 | $277.1M | $217.9M | ||
| Q4 24 | $297.1M | $233.5M | ||
| Q3 24 | $279.6M | $227.0M | ||
| Q2 24 | $270.8M | $224.4M | ||
| Q1 24 | $264.4M | $222.0M |
| Q4 25 | $118.1M | $33.9M | ||
| Q3 25 | $66.8M | $31.3M | ||
| Q2 25 | $67.6M | $42.7M | ||
| Q1 25 | $61.1M | $28.1M | ||
| Q4 24 | $87.5M | $39.5M | ||
| Q3 24 | $73.0M | $49.1M | ||
| Q2 24 | $57.6M | $26.0M | ||
| Q1 24 | $59.5M | $37.9M |
| Q4 25 | 39.2% | 19.1% | ||
| Q3 25 | 33.8% | 21.7% | ||
| Q2 25 | 28.2% | 21.5% | ||
| Q1 25 | 31.2% | 16.8% | ||
| Q4 24 | 36.7% | 21.7% | ||
| Q3 24 | 33.3% | 24.3% | ||
| Q2 24 | 32.0% | 19.7% | ||
| Q1 24 | 29.4% | 14.5% |
| Q4 25 | 35.2% | 16.3% | ||
| Q3 25 | 22.2% | 14.5% | ||
| Q2 25 | 23.9% | 20.3% | ||
| Q1 25 | 22.1% | 12.9% | ||
| Q4 24 | 29.5% | 16.9% | ||
| Q3 24 | 26.1% | 21.6% | ||
| Q2 24 | 21.3% | 11.6% | ||
| Q1 24 | 22.5% | 17.1% |
| Q4 25 | $1.36 | $5.15 | ||
| Q3 25 | $0.93 | $4.65 | ||
| Q2 25 | $0.94 | $6.12 | ||
| Q1 25 | $0.82 | $4.05 | ||
| Q4 24 | $0.99 | $4.65 | ||
| Q3 24 | $1.03 | $5.71 | ||
| Q2 24 | $0.80 | $2.43 | ||
| Q1 24 | $0.84 | $4.10 |
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 | — | — |
| 总债务越低越好 | $190.0M | $390.0M |
| 股东权益账面价值 | $438.8M | $934.0M |
| 总资产 | $1.6B | $4.3B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.42× |
8季度趋势，按日历期对齐
| Q4 25 | $190.0M | $390.0M | ||
| Q3 25 | $190.0M | $390.6M | ||
| Q2 25 | $200.0M | $231.3M | ||
| Q1 25 | $200.0M | $231.7M | ||
| Q4 24 | $200.0M | $232.1M | ||
| Q3 24 | $200.0M | $237.5M | ||
| Q2 24 | $200.0M | $247.6M | ||
| Q1 24 | $200.0M | $253.0M |
| Q4 25 | $438.8M | $934.0M | ||
| Q3 25 | $402.1M | $918.7M | ||
| Q2 25 | $381.8M | $896.4M | ||
| Q1 25 | $356.5M | $893.7M | ||
| Q4 24 | $388.9M | $897.5M | ||
| Q3 24 | $372.1M | $889.0M | ||
| Q2 24 | $341.2M | $868.7M | ||
| Q1 24 | $320.3M | $871.7M |
| Q4 25 | $1.6B | $4.3B | ||
| Q3 25 | $1.6B | $3.9B | ||
| Q2 25 | $1.4B | $3.7B | ||
| Q1 25 | $1.4B | $3.7B | ||
| Q4 24 | $1.6B | $4.0B | ||
| Q3 24 | $1.6B | $3.6B | ||
| Q2 24 | $1.5B | $3.6B | ||
| Q1 24 | $1.5B | $3.5B |
| Q4 25 | 0.43× | 0.42× | ||
| Q3 25 | 0.47× | 0.43× | ||
| Q2 25 | 0.52× | 0.26× | ||
| Q1 25 | 0.56× | 0.26× | ||
| Q4 24 | 0.51× | 0.26× | ||
| Q3 24 | 0.54× | 0.27× | ||
| Q2 24 | 0.59× | 0.29× | ||
| Q1 24 | 0.62× | 0.29× |
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 | $-67.2M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $-74.1M |
| 自由现金流率自由现金流/营收 | 51.2% | -35.6% |
| 资本支出强度资本支出/营收 | 0.1% | 3.3% |
| 现金转化率经营现金流/净利润 | 1.46× | -1.99× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $100.2M |
8季度趋势，按日历期对齐
| Q4 25 | $172.0M | $-67.2M | ||
| Q3 25 | $40.4M | $108.3M | ||
| Q2 25 | $50.9M | $75.8M | ||
| Q1 25 | $157.9M | $-3.8M | ||
| Q4 24 | $372.8M | $1.8M | ||
| Q3 24 | $112.8M | $69.1M | ||
| Q2 24 | $75.9M | $70.0M | ||
| Q1 24 | $147.0M | $-34.5M |
| Q4 25 | $171.6M | $-74.1M | ||
| Q3 25 | $40.4M | $106.9M | ||
| Q2 25 | $50.9M | $74.2M | ||
| Q1 25 | $157.7M | $-6.8M | ||
| Q4 24 | $371.3M | $-3.8M | ||
| Q3 24 | $112.4M | $68.7M | ||
| Q2 24 | $75.2M | $68.6M | ||
| Q1 24 | $146.9M | $-36.5M |
| Q4 25 | 51.2% | -35.6% | ||
| Q3 25 | 13.4% | 49.4% | ||
| Q2 25 | 18.0% | 35.2% | ||
| Q1 25 | 56.9% | -3.1% | ||
| Q4 24 | 125.0% | -1.6% | ||
| Q3 24 | 40.2% | 30.3% | ||
| Q2 24 | 27.8% | 30.6% | ||
| Q1 24 | 55.6% | -16.4% |
| Q4 25 | 0.1% | 3.3% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.0% | 0.7% | ||
| Q1 25 | 0.1% | 1.4% | ||
| Q4 24 | 0.5% | 2.4% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.2% | 0.6% | ||
| Q1 24 | 0.0% | 0.9% |
| Q4 25 | 1.46× | -1.99× | ||
| Q3 25 | 0.60× | 3.45× | ||
| Q2 25 | 0.75× | 1.77× | ||
| Q1 25 | 2.58× | -0.13× | ||
| Q4 24 | 4.26× | 0.04× | ||
| Q3 24 | 1.54× | 1.41× | ||
| Q2 24 | 1.32× | 2.69× | ||
| Q1 24 | 2.47× | -0.91× |
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
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
