Saturday 17 October 2026
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Artisan Partners Asset Management Inc.
APAM Financial Asset Management
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%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
10.16 | 11.83 | 13.91 | 10.50 | 9.40 | 15.12 | 12.43 | 7.87 | 50.86 | 19.68 |
Piotroski F-Score |
6 | 6 | 6 | 4 | 8 | 7 | 4 | 7 | 6 | 4 |
P/S ratio |
2.23 | 2.51 | 2.86 | 1.93 | 2.32 | 3.11 | 2.07 | 1.30 | 2.17 | 1.62 |
P/FCF ratio |
15.60 | 7.59 | 11.42 | 6.56 | 7.26 | 8.87 | 6.01 | 3.38 | 7.84 | 4.45 |
P/Operating CF |
(34.60) | 75.16 | (285.45) | 320.94 | (507.75) | 140.34 | 52.95 | 212.87 | (40.33) | 96.75 |
P/B ratio |
5.59 | 6.62 | 7.94 | 6.88 | 9.64 | 14.66 | 11.93 | 7.69 | 15.97 | 9.95 |
Price to Tangible BV |
5.59 | 6.62 | 7.94 | 6.88 | 9.64 | 14.66 | 11.93 | 7.69 | 15.97 | 9.95 |
EV/Sales |
2.18 | 2.45 | 2.88 | 1.99 | 2.32 | 3.11 | 2.14 | 1.33 | 2.22 | 1.68 |
EV/EBITDA |
6.37 | 7.23 | 8.97 | 5.61 | 5.20 | 7.66 | 5.88 | 3.55 | 6.04 | 5.05 |
EV/Operating CF |
15.15 | 7.31 | 11.11 | 6.33 | 7.15 | 8.79 | 5.83 | 3.31 | 7.81 | 4.49 |
EV/FCF |
15.21 | 7.40 | 11.50 | 6.75 | 7.26 | 8.87 | 6.21 | 3.46 | 8.02 | 4.61 |
Quick Ratio |
0.87 | 0.71 | 3.54 | 0.52 | 0.67 | 0.54 | 0.51 | 0.62 | 0.61 | 0.35 |
Current Ratio |
0.91 | 0.73 | 3.72 | 0.55 | 0.70 | 0.56 | 0.53 | 0.64 | 0.63 | 0.37 |
Net Debt/EBITDA |
(0.16) | (0.18) | 0.07 | 0.16 | 0.00 | 0.00 | 0.19 | 0.08 | 0.13 | 0.18 |
Debt/Assets |
11.99% | 12.32% | 14.17% | 16.12% | 16.51% | 17.30% | 21.33% | 24.76% | 23.79% | 21.31% |
Debt/Equity |
0.40 | 0.47 | 0.57 | 0.71 | 0.67 | 1.04 | 1.44 | 1.42 | 1.84 | 1.69 |
Asset Turnover |
0.75 | 0.74 | 0.74 | 0.81 | 1.04 | 0.86 | 0.92 | 1.01 | 0.90 | 0.77 |
Operating CF/Net income |
0.65 | 1.57 | 1.25 | 1.70 | 1.31 | 1.50 | 2.16 | 2.40 | 6.73 | 4.51 |
Capex/Depreciation |
(0.07) | (0.46) | (0.88) | (2.37) | (0.81) | (0.44) | (2.66) | (2.26) | (1.01) | (1.27) |
Interest Coverage |
46.74 | 42.58 | 35.42 | 34.72 | 50.03 | 33.17 | 25.64 | 27.17 | 25.02 | 20.10 |
| 59.07% | 61.41% | 64.18% | 63.95% | 125.29% | 129.04% | 97.05% | 111.74% | 29.74% | 51.20% | |
| 16.64% | 15.70% | 15.33% | 15.06% | 25.85% | 20.39% | 15.57% | 16.91% | 3.79% | 6.37% | |
ROIC |
60.65% | 64.87% | 50.99% | 64.17% | 114.65% | 117.33% | 91.63% | 116.04% | 121.44% | 91.62% |
Return on Tangible Assets |
(2,739.26%) | (216.90%) | 74.53% | (109.08%) | (274.26%) | (101.31%) | (80.24%) | (120.00%) | (25.84%) | (16.27%) |
Average Days of Receivables |
50.39 | 41.91 | 42.86 | 38.07 | 36.36 | 41.99 | 38.15 | 32.27 | 42.88 | 30.25 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
9.97% | 11.27% | 12.15% | 13.97% | 10.08% | 9.02% | 11.50% | 13.34% | 13.36% | 14.25% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
2.39% | 2.92% | 3.46% | 4.18% | 3.23% | 4.12% | 5.39% | 6.46% | 7.90% | 9.99% |
Graham Net Nets |
(0.24) | (0.28) | (0.27) | (0.36) | (0.20) | (0.23) | (0.34) | (0.38) | (0.27) | (0.51) |
Graham Number |
25.64 | 23.08 | 19.84 | 17.17 | 23.75 | 16.04 | 12.59 | 13.48 | 6.43 | 10.41 |
Earnings Yield |
9.84% | 8.46% | 7.19% | 9.53% | 10.64% | 6.62% | 8.04% | 12.71% | 1.97% | 5.08% |
Free Cash Flow Yield |
6.41% | 13.17% | 8.76% | 15.25% | 13.76% | 11.27% | 16.64% | 29.57% | 12.76% | 22.47% |
Revenue per Share |
18.24 | 17.13 | 15.37 | 15.90 | 20.50 | 16.17 | 15.63 | 16.96 | 17.82 | 18.90 |
Operating CF per Share |
2.62 | 5.74 | 3.99 | 5.00 | 6.66 | 5.73 | 5.73 | 6.82 | 5.06 | 7.09 |
Capex per Share |
(0.01) | (0.07) | (0.14) | (0.31) | (0.10) | (0.06) | (0.35) | (0.28) | (0.13) | (0.19) |
Free Cash Flow per Share |
2.61 | 5.67 | 3.85 | 4.69 | 6.56 | 5.67 | 5.38 | 6.54 | 4.93 | 6.90 |
Cash per Share |
3.89 | 4.13 | 2.81 | 2.29 | 3.35 | 3.59 | 2.82 | 3.59 | 3.58 | 4.13 |
Shareholders Equity per Share |
7.29 | 6.50 | 5.54 | 4.47 | 4.94 | 3.43 | 2.71 | 2.88 | 2.42 | 3.09 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
7.29 | 6.50 | 5.54 | 4.47 | 4.94 | 3.43 | 2.71 | 2.88 | 2.42 | 3.09 |
Free Cash Flow |
171.31 | 368.09 | 244.40 | 293.05 | 392.58 | 315.58 | 275.01 | 319.48 | 220.12 | 263.08 |
Working Capital |
(42.73) | (150.94) | 224.95 | (216.74) | (146.55) | (245.74) | (208.21) | (144.85) | (150.93) | (388.70) |
Capital Expenditures |
(0.68) | (4.75) | (8.63) | (19.56) | (5.97) | (3.10) | (17.78) | (13.84) | (5.83) | (7.28) |
Net Current Asset Value |
(657.82) | (787.35) | (746.74) | (692.67) | (576.51) | (647.17) | (557.76) | (405.85) | (466.86) | (592.65) |
EV/EBIT |
6.52 | 7.43 | 9.26 | 5.75 | 5.27 | 7.82 | 6.02 | 3.62 | 6.16 | 5.18 |
Capex to Sales |
0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 | 0.02 | 0.02 | 0.01 | 0.01 |
Price to Operating Income |
6.69 | 7.62 | 9.19 | 5.58 | 5.28 | 7.82 | 5.83 | 3.54 | 6.03 | 5.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.30 | 0.25 | 0.21 | 0.17 | 0.21 | 0.20 | 0.17 | 0.21 | 0.27 | 0.29 |
Cash ROIC |
18.56% | 41.37% | 33.52% | 47.14% | 56.39% | 53.51% | 57.07% | 62.00% | 47.14% | 55.43% |
Accounts Receivable Turnover |
8.17 | 9.18 | 8.94 | 8.80 | 10.87 | 9.62 | 10.19 | 9.94 | 10.39 | 12.03 |
Accounts Payable Turnover |
7.30 | 7.52 | 14.50 | 10.21 | 6.14 | 4.89 | 11.21 | 17.84 | 19.92 | 22.81 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
24.99 | 82.08 | 16.84 | 36.31 | 31.88 | 106.37 | 46.60 | 18.98 | 22.50 | 14.84 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
146.43 | 121.08 | 109.06 | 112.93 | 112.87 | 93.50 | 78.39 | 83.36 | 76.60 | 59.90 |
Average Payables |
92.89 | 82.45 | 38.14 | 49.97 | 91.63 | 94.09 | 37.78 | 23.16 | 20.22 | 16.83 |
Average Assets |
1,598.02 | 1,512.31 | 1,320.23 | 1,221.33 | 1,180.00 | 1,042.79 | 869.32 | 821.08 | 886.66 | 941.01 |
Average Common Equity |
450.08 | 386.68 | 315.35 | 287.66 | 243.50 | 164.77 | 139.49 | 124.28 | 112.89 | 117.13 |
Columns are period end dates