Saturday 17 October 2026 Export APAM’s income statement to Excel — free account

Artisan Partners Asset Management Inc.

Artisan Partners Asset Management Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 7.63% from fiscal 2024. In the quarter to June 2026, revenue grew 8.90%, EPS grew 18.1%, free cash flow grew 126.7% and total debt fell 5.15%, each against the same quarter a year earlier.

32.29 0.47 −1.43%

Follow APAM

Alert me

Market cap: $2.7B
P/E: 7.8×
Fwd P/E: 10.2×
Dividend yield: 7.59%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.30

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	1	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 2,660.00

Revenue 1,247.71

Net Income 373.00

Free Cash Flow 259.32

Net Debt (161.39)

Current Ratio 0.90

Debt/Equity 0.41

P/E ratio 7.84

Fwd P/E 10.20

P/S ratio 1.72

P/B ratio 4.60

Past 5Y EPS Growth 3.56%

This Y EPS Growth (4.71%)

Next Y EPS Growth (2.67%)

Next Y revenue growth 2.78%

Next 5Y EPS Growth (2.52%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 3.65%

10-year low 10-year high

P/S against its own 10 years 23.37%

10-year low 10-year high

P/B against its own 10 years 0.11%

10-year low 10-year high

Dividends

Payout Ratio 0.59

Annual Dividend Rate 2.45

Annual Dividend Yield 7.59%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.48	0.57 0.77 0.80
2025	3.55	0.50 0.68 0.73 0.88
2024	2.82	0.68 0.61 0.71 0.82
2023	1.76	0.35 0.50 0.61 0.65
2022	2.95	1.03 0.76 0.60 0.56
2021	3.92	0.97 0.88 1.00 1.07
2020	2.79	0.68 0.61 0.67 0.83
2019	2.36	0.56 0.55 0.60 0.65
2018	1.80	0.79 0.60 0.60 0.60
2017	1.80	0.36 0.60 0.60 0.60
2016	2.40	0.60 0.60 0.60 0.60

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	178	268	256	351
Receivables	115	128	165	133
Inventory	—	—	—	—
Other	—	—	—	—
	308	409	441	505

	2023	2024	2025	Q'26
Payables	26	139	46	56
ST’ Debt	—	—	—	—
Other	—	—	—	—
	83	560	484	560

Compound Annual Growth %

	10y	5y	3y
Sales	4.04%	5.87%	6.41%
Cash Flow	(6.06%)	(11.60%)	(18.06%)
Earnings	14.99%	4.57%	13.06%
Book Value	15.16%	20.14%	19.62%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	303	308	—	—	—
’25	277	283	301	336	1,197
’24	264	271	280	297	1,112
’23	235	243	249	249	975
’22	282	251	234	226	993
’21	291	305	317	315	1,227
’20	203	203	233	261	900

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	182	116	—	—	—
’25	158	51	40	(77)	172
’24	147	76	113	37	373
’23	121	62	80	(10)	253
’22	191	27	89	6	313
’21	193	67	145	(6)	399
’20	120	83	95	20	319

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	181	115	—	—	—
’25	158	51	40	(78)	171
’24	145	74	112	37	368
’23	118	61	78	(12)	244
’22	188	21	82	3	293
’21	191	64	144	(6)	393
’20	120	83	94	19	316

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.76	1.11	—	—	—
’25	0.82	0.94	0.93	1.32	4.05
’24	0.84	0.80	1.03	0.97	3.66
’23	0.72	0.76	0.76	0.92	3.19
’22	0.90	0.62	0.65	0.76	2.94
’21	1.19	1.33	1.30	1.25	5.09
’20	0.53	0.72	0.93	1.15	3.40

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	23.65	26.30	20.16	21.21	17.69	43.06	25.67	28.98	37.89	32.75	Analyst estimates 2026–2028 Powerpack
	High	35.54	40.65	41.45	32.59	50.87	57.65	48.49	45.92	49.54	48.50
People
People	Employees	380	400	425	440	453	498	549	573	584	567
	Revenue/emp, $m	1.90	1.99	1.95	1.82	1.99	2.46	1.81	1.70	1.90	2.11
Income, $m
Income, $m	Revenue	721	796	829	799	900	1,227	993	975	1,112	1,197
	Gross margin, %	46.74	49.36	50.14	46.98	48.85	54.12	48.62	43.29	44.25	43.37
	EBT	224	571	302	269	369	552	312	384	441	489
	EBT margin, %	31.14	71.80	36.42	33.70	41.05	44.94	31.39	39.35	39.63	40.87
	Net income	173	151	254	241	309	445	248	312	350	378
	Depreciation	6	6	6	7	7	7	8	10	10	10
Per share, $
Per share, $	Revenue	18.90	17.82	16.96	15.63	16.17	20.50	15.90	15.37	17.13	18.24
	Earnings	1.57	0.75	2.84	2.65	3.40	5.10	2.94	3.19	3.66	4.05
	Cash flow	7.09	5.06	6.82	5.73	5.73	6.66	5.00	3.99	5.74	2.62
	Capex	(0.19)	(0.13)	(0.28)	(0.35)	(0.06)	(0.10)	(0.31)	(0.14)	(0.07)	(0.01)
	Free cash flow	6.90	4.93	6.54	5.38	5.67	6.56	4.69	3.85	5.67	2.61
	Book value	3.09	2.42	2.88	2.71	3.43	4.94	4.47	5.54	6.50	7.29
	Shares, m	38	45	49	51	56	60	62	63	65	66
Valuation, ×
Valuation, ×	P/E	19.68	50.86	7.87	12.43	15.12	9.40	10.50	13.91	11.83	10.16
	P/S	1.62	2.17	1.30	2.07	3.11	2.32	1.93	2.86	2.51	2.23
	P/B	9.95	15.97	7.69	11.93	14.66	9.64	6.88	7.94	6.62	5.59
	EV/Sales	1.68	2.22	1.33	2.14	3.11	2.32	1.99	2.88	2.45	2.18
	EV/FCF	4.61	8.02	3.46	6.21	8.87	7.26	6.75	11.50	7.40	15.21
Cash, $m
Cash, $m	Operating cash flow	270	226	333	293	319	399	313	253	373	172
	Capex	(7)	(6)	(14)	(18)	(3)	(6)	(20)	(9)	(5)	(1)
	Free cash flow	263	220	319	275	316	393	293	244	368	171
Balance, $m
Balance, $m	Working capital	(389)	(151)	(145)	(208)	(246)	(147)	(217)	225	(151)	(43)
	Total debt	199	199	199	199	199	199	199	199	199	189
	Net debt	42	39	24	55	0	(1)	56	21	(69)	(66)
	Shareholders’ equity	118	108	140	139	191	296	279	351	422	478
Returns, %
Returns, %	ROA	6.37	3.79	16.91	15.57	20.39	25.85	15.06	15.33	15.70	16.64
	ROIC	91.62	121.44	116.04	91.63	117.33	114.65	64.17	50.99	64.87	60.65
	ROE	51.20	29.74	111.74	97.05	129.04	125.29	63.95	64.18	61.41	59.07

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WT WisdomTree, Inc.	$3.3B	38.1×	23.9×	+57.31% (above 0%: growing)	+76.47% (above 0%: growing)	+95.88% (above 0%: growing)	100.00%	40.53%	Compare
AB AllianceBernstein Holding L.P.	$3.2B	10.3×	—	—	+20.31% (above 0%: growing)	−13.25% (below 0%: shrinking)	—	—	Compare
GBDC Golub Capital BDC, Inc.	$3.2B	18.6×	15.6×	−14.02% (below 0%: shrinking)	−35.29% (below 0%: shrinking)	+196.17% (above 0%: growing)	100.00%	77.88%	Compare
HTGC Hercules Capital, Inc.	$3.1B	7.8×	8.8×	+8.48% (above 0%: growing)	+59.09% (above 0%: growing)	+305.69% (above 0%: growing)	100.00%	77.89%	Compare
FSK FS KKR Capital Corp.	$3.0B	— (loss-making)	— (loss-making)	−27.14% (below 0%: shrinking)	n/m	+618.52% (above 0%: growing)	100.00%	76.90%	Compare
SII Sprott Inc.	$2.9B	26.5×	13.0×	+23.09% (above 0%: growing)	+155.77% (above 0%: growing)	+64.22% (above 0%: growing)	100.00%	56.77%	Compare
APAM Artisan Partners Asset Management Inc.	$2.7B	7.8×	10.2×	+8.90% (above 0%: growing)	+18.09% (above 0%: growing)	+126.73% (above 0%: growing)	40.90%	27.48%
GCMG GCM Grosvenor Inc.	$2.6B	16.1×	14.7×	−14.09% (below 0%: shrinking)	−46.67% (below 0%: shrinking)	−11.02% (below 0%: shrinking)	0.00%	0.00%	Compare
ASST Strive, Inc.	$2.6B	— (loss-making)	17.5×	+94.64% (above 0%: growing)	n/m	−10,264.43% (below 0%: shrinking)	100.00%	(8,780.99%)	Compare
Median of peers	$3.0B	17.4×	15.1×	+8.48%	+39.70%	+80.05%	100.00%	56.77%

All 120 Asset Management stocks →

Artisan Partners Asset Management Inc. (APAM) key facts

Strength: Artisan Partners Asset Management Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 7.63% from fiscal 2024.
Artisan Partners Asset Management Inc. (APAM) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, APAM traded at $32.29, a market capitalization of $2.7 billion.
Artisan Partners Asset Management Inc. pays an annual dividend of $2.45 per share, a yield of 7.59%, with a payout ratio of 59.5%.
Return on equity was 59.1% and debt-to-equity 0.41.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.