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Artisan Partners Asset Management Inc.（APAM）与Clear Secure, Inc.（YOU）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Clear Secure, Inc.的1.4倍（$335.5M vs $240.8M），Artisan Partners Asset Management Inc.净利率更高（35.2% vs 12.8%，领先22.4%），Clear Secure, Inc.同比增速更快（16.7% vs 12.9%），Clear Secure, Inc.自由现金流更多（$187.4M vs $171.6M），过去两年Clear Secure, Inc.的营收复合增速更高（16.0% 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。
Clear Secure, Inc.是美国一家科技企业，主营生物识别旅行证件核验系统，其服务已覆盖部分大型机场与体育场馆。公司成立于2003年，2009年申请破产后停运，2012年重启运营，最终于2021年成功上市。
APAM vs YOU — 直观对比
营收规模更大
APAM
是对方的1.4倍
$240.8M
营收增速更快
YOU
高出3.8%
12.9%
净利率更高
APAM
高出22.4%
12.8%
自由现金流更多
YOU
多$15.8M
$171.6M
两年增速更快
YOU
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.5M | $240.8M |
| 净利润 | $118.1M | $30.8M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 22.4% |
| 净利率 | 35.2% | 12.8% |
| 营收同比 | 12.9% | 16.7% |
| 净利润同比 | 34.9% | -70.2% |
| 每股收益（稀释后） | $1.36 | — |
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APAMYOU
| Q4 25 | $335.5M | $240.8M | ||
| Q3 25 | $301.3M | $229.2M | ||
| Q2 25 | $282.7M | $219.5M | ||
| Q1 25 | $277.1M | $211.4M | ||
| Q4 24 | $297.1M | $206.3M | ||
| Q3 24 | $279.6M | $198.4M | ||
| Q2 24 | $270.8M | $186.7M | ||
| Q1 24 | $264.4M | $179.0M |
净利润APAMYOU
| Q4 25 | $118.1M | $30.8M | ||
| Q3 25 | $66.8M | $28.3M | ||
| Q2 25 | $67.6M | $24.7M | ||
| Q1 25 | $61.1M | $25.4M | ||
| Q4 24 | $87.5M | $103.3M | ||
| Q3 24 | $73.0M | $23.5M | ||
| Q2 24 | $57.6M | $24.1M | ||
| Q1 24 | $59.5M | $18.8M |
营业利润率APAMYOU
| Q4 25 | 39.2% | 22.4% | ||
| Q3 25 | 33.8% | 23.0% | ||
| Q2 25 | 28.2% | 19.4% | ||
| Q1 25 | 31.2% | 17.7% | ||
| Q4 24 | 36.7% | 16.5% | ||
| Q3 24 | 33.3% | 17.7% | ||
| Q2 24 | 32.0% | 16.2% | ||
| Q1 24 | 29.4% | 13.2% |
净利率APAMYOU
| Q4 25 | 35.2% | 12.8% | ||
| Q3 25 | 22.2% | 12.3% | ||
| Q2 25 | 23.9% | 11.3% | ||
| Q1 25 | 22.1% | 12.0% | ||
| Q4 24 | 29.5% | 50.1% | ||
| Q3 24 | 26.1% | 11.8% | ||
| Q2 24 | 21.3% | 12.9% | ||
| Q1 24 | 22.5% | 10.5% |
每股收益（稀释后）APAMYOU
| Q4 25 | $1.36 | — | ||
| Q3 25 | $0.93 | — | ||
| Q2 25 | $0.94 | — | ||
| Q1 25 | $0.82 | — | ||
| Q4 24 | $0.99 | — | ||
| Q3 24 | $1.03 | — | ||
| Q2 24 | $0.80 | — | ||
| Q1 24 | $0.84 | — |
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 | — | $85.7M |
| 总债务越低越好 | $190.0M | — |
| 股东权益账面价值 | $438.8M | $177.7M |
| 总资产 | $1.6B | $1.3B |
| 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APAMYOU
| Q4 25 | — | $85.7M | ||
| Q3 25 | — | $75.8M | ||
| Q2 25 | — | $89.3M | ||
| Q1 25 | — | $87.6M | ||
| Q4 24 | — | $66.9M | ||
| Q3 24 | — | $32.9M | ||
| Q2 24 | — | $39.1M | ||
| Q1 24 | — | $64.1M |
总债务APAMYOU
| 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 | — |
股东权益APAMYOU
| Q4 25 | $438.8M | $177.7M | ||
| Q3 25 | $402.1M | $148.6M | ||
| Q2 25 | $381.8M | $121.3M | ||
| Q1 25 | $356.5M | $116.7M | ||
| Q4 24 | $388.9M | $198.4M | ||
| Q3 24 | $372.1M | $129.0M | ||
| Q2 24 | $341.2M | $153.5M | ||
| Q1 24 | $320.3M | $165.9M |
总资产APAMYOU
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $858.6M | ||
| Q2 24 | $1.5B | $982.4M | ||
| Q1 24 | $1.5B | $1.0B |
负债/权益比APAMYOU
| 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 | $198.4M |
| 自由现金流经营现金流 - 资本支出 | $171.6M | $187.4M |
| 自由现金流率自由现金流/营收 | 51.2% | 77.8% |
| 资本支出强度资本支出/营收 | 0.1% | 4.6% |
| 现金转化率经营现金流/净利润 | 1.46× | 6.45× |
| 过去12个月自由现金流最近4个季度 | $420.6M | $343.1M |
8季度趋势，按日历期对齐
经营现金流APAMYOU
| Q4 25 | $172.0M | $198.4M | ||
| Q3 25 | $40.4M | $-47.3M | ||
| Q2 25 | $50.9M | $123.0M | ||
| Q1 25 | $157.9M | $98.3M | ||
| Q4 24 | $372.8M | $136.6M | ||
| Q3 24 | $112.8M | $-35.9M | ||
| Q2 24 | $75.9M | $114.6M | ||
| Q1 24 | $147.0M | $80.3M |
自由现金流APAMYOU
| Q4 25 | $171.6M | $187.4M | ||
| Q3 25 | $40.4M | $-53.5M | ||
| Q2 25 | $50.9M | $117.9M | ||
| Q1 25 | $157.7M | $91.3M | ||
| Q4 24 | $371.3M | $133.9M | ||
| Q3 24 | $112.4M | $-37.9M | ||
| Q2 24 | $75.2M | $110.1M | ||
| Q1 24 | $146.9M | $77.6M |
自由现金流率APAMYOU
| Q4 25 | 51.2% | 77.8% | ||
| Q3 25 | 13.4% | -23.3% | ||
| Q2 25 | 18.0% | 53.7% | ||
| Q1 25 | 56.9% | 43.2% | ||
| Q4 24 | 125.0% | 64.9% | ||
| Q3 24 | 40.2% | -19.1% | ||
| Q2 24 | 27.8% | 59.0% | ||
| Q1 24 | 55.6% | 43.3% |
资本支出强度APAMYOU
| Q4 25 | 0.1% | 4.6% | ||
| Q3 25 | 0.0% | 2.7% | ||
| Q2 25 | 0.0% | 2.3% | ||
| Q1 25 | 0.1% | 3.4% | ||
| Q4 24 | 0.5% | 1.3% | ||
| Q3 24 | 0.1% | 1.0% | ||
| Q2 24 | 0.2% | 2.4% | ||
| Q1 24 | 0.0% | 1.6% |
现金转化率APAMYOU
| Q4 25 | 1.46× | 6.45× | ||
| Q3 25 | 0.60× | -1.67× | ||
| Q2 25 | 0.75× | 4.97× | ||
| Q1 25 | 2.58× | 3.87× | ||
| Q4 24 | 4.26× | 1.32× | ||
| Q3 24 | 1.54× | -1.53× | ||
| Q2 24 | 1.32× | 4.75× | ||
| Q1 24 | 2.47× | 4.27× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
