vs
Artisan Partners Asset Management Inc.（APAM）与Wingstop Inc.（WING）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Wingstop Inc.的1.8倍（$335.5M vs $183.7M），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 7.4%），过去两年Artisan Partners Asset Management Inc.的营收复合增速更高（12.7% vs 8.6%）
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。
Wingstop Inc.是美国知名跨国快餐连锁品牌，核心产品为布法罗鸡翅，旗下门店均采用20世纪30至40年代喷气时代前的航空主题装饰风格，目前业务已覆盖全球多个国家和地区。
APAM vs WING — 直观对比
营收规模更大
APAM
是对方的1.8倍
$183.7M
营收增速更快
APAM
高出5.6%
7.4%
净利率更高
APAM
高出18.9%
16.3%
两年增速更快
APAM
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $183.7M |
| 净利润 | $118.1M | $29.9M |
| 毛利率 | — | 86.5% |
| 营业利润率 | 39.2% | 27.4% |
| 净利率 | 35.2% | 16.3% |
| 营收同比 | 12.9% | 7.4% |
| 净利润同比 | 34.9% | — |
| 每股收益（稀释后） | $1.36 | $1.08 |
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APAMWING
| Q1 26 | — | $183.7M | ||
| Q4 25 | $335.5M | $175.7M | ||
| Q3 25 | $301.3M | $175.7M | ||
| Q2 25 | $282.7M | $174.3M | ||
| Q1 25 | $277.1M | $171.1M | ||
| Q4 24 | $297.1M | $161.8M | ||
| Q3 24 | $279.6M | $162.5M | ||
| Q2 24 | $270.8M | $155.7M |
净利润APAMWING
| Q1 26 | — | $29.9M | ||
| Q4 25 | $118.1M | $26.8M | ||
| Q3 25 | $66.8M | $28.5M | ||
| Q2 25 | $67.6M | $26.8M | ||
| Q1 25 | $61.1M | $92.3M | ||
| Q4 24 | $87.5M | $26.8M | ||
| Q3 24 | $73.0M | $25.7M | ||
| Q2 24 | $57.6M | $27.5M |
毛利率APAMWING
| Q1 26 | — | 86.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% |
营业利润率APAMWING
| Q1 26 | — | 27.4% | ||
| Q4 25 | 39.2% | 26.7% | ||
| Q3 25 | 33.8% | 27.9% | ||
| Q2 25 | 28.2% | 25.9% | ||
| Q1 25 | 31.2% | 22.4% | ||
| Q4 24 | 36.7% | 25.9% | ||
| Q3 24 | 33.3% | 24.5% | ||
| Q2 24 | 32.0% | 26.5% |
净利率APAMWING
| Q1 26 | — | 16.3% | ||
| Q4 25 | 35.2% | 15.2% | ||
| Q3 25 | 22.2% | 16.2% | ||
| Q2 25 | 23.9% | 15.4% | ||
| Q1 25 | 22.1% | 53.9% | ||
| Q4 24 | 29.5% | 16.5% | ||
| Q3 24 | 26.1% | 15.8% | ||
| Q2 24 | 21.3% | 17.7% |
每股收益（稀释后）APAMWING
| Q1 26 | — | $1.08 | ||
| Q4 25 | $1.36 | $0.99 | ||
| Q3 25 | $0.93 | $1.02 | ||
| Q2 25 | $0.94 | $0.96 | ||
| Q1 25 | $0.82 | $3.24 | ||
| Q4 24 | $0.99 | $0.91 | ||
| Q3 24 | $1.03 | $0.88 | ||
| Q2 24 | $0.80 | $0.93 |
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 | — | $128.8M |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | — |
| 总资产 | $1.6B | $648.9M |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资APAMWING
| Q1 26 | — | $128.8M | ||
| Q4 25 | — | $196.6M | ||
| Q3 25 | — | $237.6M | ||
| Q2 25 | — | $227.9M | ||
| Q1 25 | — | $251.4M | ||
| Q4 24 | — | $315.9M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | — | $96.7M |
总债务APAMWING
| Q1 26 | — | — | ||
| Q4 25 | $190.0M | $1.2B | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | $1.2B | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — |
股东权益APAMWING
| Q1 26 | — | — | ||
| Q4 25 | $438.8M | $-736.8M | ||
| Q3 25 | $402.1M | $-702.6M | ||
| Q2 25 | $381.8M | $-686.0M | ||
| Q1 25 | $356.5M | $-715.0M | ||
| Q4 24 | $388.9M | $-675.6M | ||
| Q3 24 | $372.1M | $-447.5M | ||
| Q2 24 | $341.2M | $-437.5M |
总资产APAMWING
| Q1 26 | — | $648.9M | ||
| Q4 25 | $1.6B | $693.4M | ||
| Q3 25 | $1.6B | $721.0M | ||
| Q2 25 | $1.4B | $708.3M | ||
| Q1 25 | $1.4B | $696.8M | ||
| Q4 24 | $1.6B | $716.2M | ||
| Q3 24 | $1.6B | $484.8M | ||
| Q2 24 | $1.5B | $451.8M |
负债/权益比APAMWING
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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× | — |
| 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APAMWING
| Q1 26 | — | — | ||
| Q4 25 | $172.0M | $57.3M | ||
| Q3 25 | $40.4M | $63.9M | ||
| Q2 25 | $50.9M | $6.6M | ||
| Q1 25 | $157.9M | $25.3M | ||
| Q4 24 | $372.8M | $7.7M | ||
| Q3 24 | $112.8M | $69.0M | ||
| Q2 24 | $75.9M | $36.2M |
自由现金流APAMWING
| Q1 26 | — | — | ||
| Q4 25 | $171.6M | $34.5M | ||
| Q3 25 | $40.4M | $61.7M | ||
| Q2 25 | $50.9M | $-7.8M | ||
| Q1 25 | $157.7M | $17.3M | ||
| Q4 24 | $371.3M | $-8.6M | ||
| Q3 24 | $112.4M | $54.9M | ||
| Q2 24 | $75.2M | $25.9M |
自由现金流率APAMWING
| Q1 26 | — | — | ||
| Q4 25 | 51.2% | 19.6% | ||
| Q3 25 | 13.4% | 35.1% | ||
| Q2 25 | 18.0% | -4.5% | ||
| Q1 25 | 56.9% | 10.1% | ||
| Q4 24 | 125.0% | -5.3% | ||
| Q3 24 | 40.2% | 33.8% | ||
| Q2 24 | 27.8% | 16.6% |
资本支出强度APAMWING
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 13.0% | ||
| Q3 25 | 0.0% | 1.3% | ||
| Q2 25 | 0.0% | 8.2% | ||
| Q1 25 | 0.1% | 4.7% | ||
| Q4 24 | 0.5% | 10.1% | ||
| Q3 24 | 0.1% | 8.7% | ||
| Q2 24 | 0.2% | 6.6% |
现金转化率APAMWING
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 2.14× | ||
| Q3 25 | 0.60× | 2.24× | ||
| Q2 25 | 0.75× | 0.25× | ||
| Q1 25 | 2.58× | 0.27× | ||
| Q4 24 | 4.26× | 0.29× | ||
| Q3 24 | 1.54× | 2.68× | ||
| Q2 24 | 1.32× | 1.32× |
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
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
