Artisan Partners Asset Mgmt In Financials
This page shows Artisan Partners Asset Mgmt In (APAM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Asset-light profitability remained intact, but cash conversion weakened sharply in FY2025 as receivables soaked up more cash.
FY2025 profit and cash diverged: net income rose to$290.3M while operating cash flow fell to$172.0M . Accounts receivable climbed to$154.5M from$118.7M , which suggests the business did not lose accounting profitability; more of that profit simply remained uncollected at year-end instead of arriving as cash.
Revenue recovered from
Capital needs are minimal: capital spending was only
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Artisan Partners Asset Mgmt In's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Artisan Partners Asset Mgmt In has an operating margin of 33.4%, meaning the company retains $33 of operating profit per $100 of revenue. This strong profitability earns a score of 95/100, reflecting efficient cost management and pricing power. This is up from 33.0% the prior year.
Artisan Partners Asset Mgmt In's revenue grew 7.6% year-over-year to $1.2B, a solid pace of expansion. This earns a growth score of 51/100.
Artisan Partners Asset Mgmt In carries a low D/E ratio of 0.43, meaning only $0.43 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.
Artisan Partners Asset Mgmt In converts 14.3% of revenue into free cash flow ($171.6M). This strong cash generation earns a score of 81/100.
Artisan Partners Asset Mgmt In earns a strong 66.1% return on equity (ROE), meaning it generates $66 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 66.8% the prior year.
Artisan Partners Asset Mgmt In passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Artisan Partners Asset Mgmt In generates $0.59 in operating cash flow ($172.0M OCF vs $290.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Artisan Partners Asset Mgmt In earns $51.2 in operating income for every $1 of interest expense ($399.6M vs $7.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Artisan Partners Asset Mgmt In generated $1.2B in revenue in fiscal year 2025. This represents an increase of 7.6% from the prior year.
Artisan Partners Asset Mgmt In's EBITDA was $409.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.6% from the prior year.
Artisan Partners Asset Mgmt In reported $290.3M in net income in fiscal year 2025. This represents an increase of 11.8% from the prior year.
Artisan Partners Asset Mgmt In earned $4.05 per diluted share (EPS) in fiscal year 2025. This represents an increase of 10.7% from the prior year.
Cash & Balance Sheet
Artisan Partners Asset Mgmt In generated $171.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 53.8% from the prior year.
Artisan Partners Asset Mgmt In held $255.5M in cash against $190.0M in long-term debt as of fiscal year 2025.
Artisan Partners Asset Mgmt In paid $3.63 per share in dividends in fiscal year 2025. This represents an increase of 14.9% from the prior year.
Artisan Partners Asset Mgmt In had 81M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.
Margins & Returns
Artisan Partners Asset Mgmt In's operating margin was 33.4% in fiscal year 2025, reflecting core business profitability. This is up 0.4 percentage points from the prior year.
Artisan Partners Asset Mgmt In's net profit margin was 24.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.9 percentage points from the prior year.
Artisan Partners Asset Mgmt In's ROE was 66.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.
Capital Allocation
Artisan Partners Asset Mgmt In invested $371K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 76.4% from the prior year.
APAM Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $335.5M+11.4% | $301.3M+6.6% | $282.7M+2.0% | $277.1M-6.7% | $297.1M+6.2% | $279.6M+3.2% | $270.8M+2.4% | $264.4M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $165.3M+1.3% | $163.2M-1.6% | $165.9M+6.9% | $155.2M+4.5% | $148.4M-0.4% | $149.0M+1.5% | $146.8M-2.1% | $149.9M |
| Operating Income | $131.5M+29.2% | $101.8M+27.6% | $79.8M-7.8% | $86.5M-20.7% | $109.2M+17.2% | $93.2M+7.5% | $86.6M+11.6% | $77.6M |
| Interest Expense | $1.9M-5.0% | $2.0M0.0% | $2.0M+5.3% | $1.9M+15.5% | $1.6M-13.4% | $1.9M-13.4% | $2.2M+6.5% | $2.1M |
| Income Tax | $29.4M-20.5% | $37.0M+48.7% | $24.9M+24.3% | $20.0M-21.8% | $25.6M+4.0% | $24.6M+31.3% | $18.7M-14.7% | $22.0M |
| Net Income | $94.8M+41.8% | $66.8M-1.1% | $67.6M+10.5% | $61.1M-12.2% | $69.7M-4.6% | $73.0M+26.8% | $57.6M-3.2% | $59.5M |
| EPS (Diluted) | N/A | $0.93-1.1% | $0.94+14.6% | $0.82 | N/A | $1.03+28.7% | $0.80-4.8% | $0.84 |
APAM Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B-0.3% | $1.6B+9.5% | $1.4B+5.4% | $1.4B-15.3% | $1.6B+0.5% | $1.6B+7.0% | $1.5B-0.7% | $1.5B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $255.5M-25.3% | $342.2M+9.8% | $311.6M+20.3% | $259.0M-3.4% | $268.2M-4.1% | $279.8M+20.1% | $232.9M+1.9% | $228.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $154.5M+35.6% | $114.0M-2.6% | $117.0M-21.7% | $149.5M+25.9% | $118.7M+7.9% | $110.0M-0.9% | $111.0M-2.1% | $113.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.1B+28.7% | $884.6M+5.3% | $840.4M-3.2% | $868.1M-29.4% | $1.2B-0.7% | $1.2B+6.4% | $1.2B+29.5% | $899.0M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $190.0M0.0% | $190.0M-5.0% | $200.0M0.0% | $200.0M0.0% | $200.0M0.0% | $200.0M0.0% | $200.0M0.0% | $200.0M |
| Total Equity | $438.8M+9.1% | $402.1M+5.3% | $381.8M+7.1% | $356.5M-8.3% | $388.9M+4.5% | $372.1M+9.1% | $341.2M+6.5% | $320.3M |
| Retained Earnings | $203.4M+19.0% | $171.0M+9.6% | $155.9M+14.2% | $136.5M-19.7% | $170.0M+7.5% | $158.2M+16.9% | $135.3M+12.2% | $120.6M |
APAM Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$77.3M-291.1% | $40.4M-20.7% | $50.9M-67.7% | $157.9M+324.7% | $37.2M-67.0% | $112.8M+48.6% | $75.9M-48.4% | $147.0M |
| Capital Expenditures | $67K+91.4% | $35K-44.4% | $63K-69.4% | $206K-55.6% | $464K+36.1% | $341K-47.5% | $649K+459.5% | $116K |
| Free Cash Flow | -$77.3M-291.4% | $40.4M-20.6% | $50.9M-67.7% | $157.7M+329.5% | $36.7M-67.3% | $112.4M+49.4% | $75.2M-48.8% | $146.9M |
| Investing Cash Flow | $30.9M+214.4% | $9.8M-69.9% | $32.7M+185.5% | -$38.3M-8386.9% | -$451K-294.4% | $232K-94.8% | $4.5M+115.3% | -$29.1M |
| Financing Cash Flow | -$40.4M-105.1% | -$19.7M+36.6% | -$31.0M+66.2% | -$91.9M-90.2% | -$48.3M+27.0% | -$66.1M+13.0% | -$76.0M-19.1% | -$63.8M |
| Dividends Paid | $62.4M+20.5% | $51.8M+7.5% | $48.2M-49.1% | $94.7M+63.5% | $57.9M+15.6% | $50.1M+16.7% | $42.9M-39.6% | $71.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
APAM Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 39.2%+5.4pp | 33.8%+5.6pp | 28.2%-3.0pp | 31.2%-5.5pp | 36.8%+3.4pp | 33.3%+1.3pp | 32.0%+2.6pp | 29.4% |
| Net Margin | 28.2%+6.1pp | 22.2%-1.7pp | 23.9%+1.8pp | 22.1%-1.4pp | 23.4%-2.7pp | 26.1%+4.8pp | 21.3%-1.2pp | 22.5% |
| Return on Equity | 21.6%+5.0pp | 16.6%-1.1pp | 17.7%+0.5pp | 17.2%-0.8pp | 17.9%-1.7pp | 19.6%+2.7pp | 16.9%-1.7pp | 18.6% |
| Return on Assets | 6.0%+1.8pp | 4.2%-0.5pp | 4.7%+0.2pp | 4.5%+0.2pp | 4.3%-0.2pp | 4.5%+0.7pp | 3.8%-0.1pp | 3.9% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.43-0.0 | 0.47-0.1 | 0.52-0.0 | 0.56+0.0 | 0.51-0.0 | 0.54-0.0 | 0.59-0.0 | 0.62 |
| FCF Margin | -23.0%-36.4pp | 13.4%-4.6pp | 18.0%-38.9pp | 56.9%+44.5pp | 12.4%-27.9pp | 40.2%+12.4pp | 27.8%-27.8pp | 55.6% |
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Frequently Asked Questions
What is Artisan Partners Asset Mgmt In's annual revenue?
Artisan Partners Asset Mgmt In (APAM) reported $1.2B in total revenue for fiscal year 2025. This represents a 7.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Artisan Partners Asset Mgmt In's revenue growing?
Artisan Partners Asset Mgmt In (APAM) revenue grew by 7.6% year-over-year, from $1.1B to $1.2B in fiscal year 2025.
Is Artisan Partners Asset Mgmt In profitable?
Yes, Artisan Partners Asset Mgmt In (APAM) reported a net income of $290.3M in fiscal year 2025, with a net profit margin of 24.3%.
What is Artisan Partners Asset Mgmt In's EBITDA?
Artisan Partners Asset Mgmt In (APAM) had EBITDA of $409.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Artisan Partners Asset Mgmt In have?
As of fiscal year 2025, Artisan Partners Asset Mgmt In (APAM) had $255.5M in cash and equivalents against $190.0M in long-term debt.
What is Artisan Partners Asset Mgmt In's operating margin?
Artisan Partners Asset Mgmt In (APAM) had an operating margin of 33.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Artisan Partners Asset Mgmt In's net profit margin?
Artisan Partners Asset Mgmt In (APAM) had a net profit margin of 24.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Artisan Partners Asset Mgmt In pay dividends?
Yes, Artisan Partners Asset Mgmt In (APAM) paid $3.63 per share in dividends during fiscal year 2025.
What is Artisan Partners Asset Mgmt In's return on equity (ROE)?
Artisan Partners Asset Mgmt In (APAM) has a return on equity of 66.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Artisan Partners Asset Mgmt In's free cash flow?
Artisan Partners Asset Mgmt In (APAM) generated $171.6M in free cash flow during fiscal year 2025. This represents a -53.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Artisan Partners Asset Mgmt In's operating cash flow?
Artisan Partners Asset Mgmt In (APAM) generated $172.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Artisan Partners Asset Mgmt In's total assets?
Artisan Partners Asset Mgmt In (APAM) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Artisan Partners Asset Mgmt In's capital expenditures?
Artisan Partners Asset Mgmt In (APAM) invested $371K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Artisan Partners Asset Mgmt In's debt-to-equity ratio?
Artisan Partners Asset Mgmt In (APAM) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Artisan Partners Asset Mgmt In's return on assets (ROA)?
Artisan Partners Asset Mgmt In (APAM) had a return on assets of 18.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Artisan Partners Asset Mgmt In's Piotroski F-Score?
Artisan Partners Asset Mgmt In (APAM) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Artisan Partners Asset Mgmt In's earnings high quality?
Artisan Partners Asset Mgmt In (APAM) has an earnings quality ratio of 0.59x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Artisan Partners Asset Mgmt In cover its interest payments?
Artisan Partners Asset Mgmt In (APAM) has an interest coverage ratio of 51.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Artisan Partners Asset Mgmt In?
Artisan Partners Asset Mgmt In (APAM) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.