Artisan Partners Asset Management Inc. (APAM) vs Golub Capital BDC, Inc. (GBDC)
Artisan Partners Asset Management Inc. and Golub Capital BDC, Inc. are both Asset Management companies. Golub Capital BDC, Inc. is the larger, with a market value of $3.2B against $2.9B — 1.1× the size. Artisan Partners Asset Management Inc. trades at the lower P/E: 8.8× against 19.2×. Artisan Partners Asset Management Inc. grew revenue faster over the last twelve months: 9.78% against −8.73%. Artisan Partners Asset Management Inc. has the higher net margin (22.1% vs 21.5%) and the higher return on invested capital (84.8% vs 2.81%). Both pay a dividend; Golub Capital BDC, Inc. yields more (9.10% vs 6.76%). Across the 23 metrics below, Artisan Partners Asset Management Inc. leads on 13 and Golub Capital BDC, Inc. on 10.
Valuation
Profitability
| Metric | APAM | GBDC | Asset Management median |
|---|---|---|---|
| Gross margin | 43.31% | 100.00% | 100.00% |
| Operating margin | 33.03% | 78.18% | 33.03% |
| Net margin | 22.08% | 21.45% | 13.53% |
| Free cash flow margin | 20.78% | 114.85% | 12.44% |
| Return on equity | 62.29% | 4.46% | 4.83% |
| Return on assets | 18.97% | 1.95% | 1.57% |
| Return on invested capital | 84.76% | 2.81% | 3.04% |
Growth
Health
Dividend
Size
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