Artisan Partners Asset Management Inc.
Artisan Partners Asset Management Inc.
Artisan Partners Asset Management Inc. (APAM) — SEC Financial Statements & Analysis
Artisan Partners Asset Management Inc. (APAM) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consolidated Entity Excluding Vie | 271 | 214 | 55 | 32 | 213 | 201 | 59 | 11 | 184 | 141 | 33 | 165 | |||||
Variable Interest Entity Primary Beneficiary | 29 | 41 | -25 | 21 | 46 | 67 | -12 | -7 | 44 | 37 | -0 | 33 | |||||
Series D Senior Notes | - | - | 0 | - | - | - | - | - | - | - | - | - | |||||
Senior Notes | 50 | - | 0 | - | - | - | - | - | - | - | - | - | |||||
Assets | |||||||||||||||||
Accounts Receivable Net | 140 | 155 | 114 | 117 | 149 | 119 | 110 | 111 | 113 | 101 | 96 | 95 | |||||
Investments | - | 228 | - | - | - | 209 | - | - | - | 151 | - | - | |||||
Prepaid Expense Current And Noncurrent | - | 21 | - | - | - | 14 | - | - | - | 15 | - | - | |||||
Property Plant And Equipment Net | 32 | 33 | 35 | 37 | 39 | 41 | 43 | 45 | 46 | 47 | 47 | 48 | |||||
Deferred Income Tax Assets Net | 346 | 355 | 364 | 386 | 399 | 409 | 419 | 429 | 438 | 437 | 446 | 455 | |||||
Prepaid Expense And Other Assets | 24 | - | 19 | 19 | 20 | - | 19 | 19 | 20 | - | 19 | 19 | |||||
Operating Lease Right Of Use Asset | 105 | 105 | 109 | 79 | 82 | 83 | 87 | 91 | 91 | 95 | 92 | 95 | |||||
Goodwill | 40 | - | - | - | - | - | - | - | - | - | - | - | |||||
Intangible Assets Net Excluding Goodwill | 8 | - | - | - | - | - | - | - | - | - | - | - | |||||
Assets | 1,441 | 1,577 | 1,582 | 1,445 | 1,370 | 1,619 | 1,611 | 1,505 | 1,516 | 1,406 | 1,418 | 1,406 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Employee Related Liabilities Current And Noncurren… | - | - | - | - | - | - | - | - | - | 52 | - | - | |||||
Employee Related Liabilities Current | - | - | - | - | - | - | 164 | 140 | 130 | - | 126 | 110 | |||||
Debt Longterm And Shortterm Combined Amount | 189 | 189 | 189 | 200 | 199 | 199 | 199 | 199 | 199 | 199 | 199 | 199 | |||||
Operating Lease Liability | 120 | 121 | 125 | 96 | 99 | 101 | 106 | 109 | 110 | 113 | 111 | 114 | |||||
Liabilities | 928 | 795 | 885 | 840 | 868 | 869 | 907 | 857 | 899 | 802 | 875 | 893 | |||||
Redeemable Noncontrolling Interest Equity Carrying… | 80 | 304 | 256 | 185 | 108 | 328 | 299 | 276 | 263 | 252 | 220 | 206 | |||||
Additional Paid In Capital | 241 | 236 | 232 | 227 | 221 | 221 | 215 | 208 | 202 | 194 | 188 | 181 | |||||
Retained Earnings Accumulated Deficit | 149 | 203 | 171 | 156 | 137 | 170 | 158 | 135 | 121 | 132 | 112 | 101 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -2 | -2 | -2 | -1 | -2 | -3 | -2 | -3 | -3 | -2 | -3 | -3 | |||||
Stockholders Equity | 389 | 478 | 441 | 419 | 357 | 389 | 405 | 341 | 354 | 324 | 298 | 281 | |||||
Minority Interest | 44 | 39 | 39 | 37 | 38 | 33 | 33 | 31 | 33 | 27 | 26 | 26 | |||||
Liabilities And Stockholders Equity | 1,441 | 1,577 | 1,582 | 1,445 | 1,370 | 1,619 | 1,611 | 1,505 | 1,516 | 1,406 | 1,418 | 1,406 | |||||
Common Class C | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Business Combination Contingent Consideration Liab… | 26 | - | - | - | - | - | - | - | - | - | - | - | |||||
Common Class A | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | |||||
Common Stock Par Or Stated Value Per Share | - | - | - | - | - | - | - | - | - | 0.01 | - | - | |||||
Common Class B | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | |||||
Shares Outstanding | 81 | 81 | 81 | 81 | 81 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.75% | -1.44% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 3.04% | 8.85% | 18.12% | 5.81% | 3.57% | -2.19% | -3.03% | -3.01% | 3.59% | -14.90% | -11.49% | -8.61% |
| 2024 | 8.29% | -3.88% | 0.97% | -5.78% | -4.97% | 1.09% | 9.11% | 0.05% | -1.94% | -4.61% | -17.14% | 4.54% |
| 2023 | 1.89% | 12.61% | 31.25% | -0.96% | -1.52% | -11.50% | 4.89% | 27.37% | 18.83% | 1.24% | 2.11% | 3.43% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | - | - | - | - | 171.16 | 86.16 | 52.95 | 37.53 | 36.49 | 35.42 | 34.64 | 33.72 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 5.57 | 5.76 | 5.03 | 5.13 | 5.21 | 5.38 | 4.21 | 3.92 | 3.69 | 3.50 | 3.37 | 3.23 | |||||
| Free Cash Flow Per Share TTM | 2.95 | 2.62 | 4.35 | 5.45 | 5.84 | 5.72 | 4.96 | 4.47 | 4.31 | 3.95 | 4.20 | 4.29 | |||||
| Dividend Per Share TTM | 4.16 | 3.92 | 3.85 | 3.82 | 3.76 | 3.42 | 3.21 | 3.09 | 2.99 | 2.89 | 2.78 | 2.77 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 45.76% | 45.72% | 45.37% | 45.58% | 59.95% | 73.63% | 86.58% | 100.83% | 100.85% | 100.88% | 100.90% | 100.93% | |||||
| Operating Profit Margin TTM | 33.32% | 33.39% | 32.57% | 32.44% | 33.39% | 32.98% | 31.39% | 31.26% | 31.14% | 31.13% | 31.21% | 31.32% | |||||
| Net Profit Margin TTM | 30.11% | 31.58% | 28.53% | 29.62% | 30.26% | 31.45% | 25.82% | 24.67% | 23.60% | 22.80% | 22.52% | 21.91% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 8.71% | 7.63% | 8.88% | 10.03% | 11.90% | 14.02% | 11.72% | 10.15% | 6.21% | -1.83% | -12.03% | -19.48% | |||||
| Net Income Growth (1Y) | 8.19% | 8.07% | 20.31% | 32.09% | 43.46% | 57.30% | 28.11% | 24.02% | 20.94% | 7.51% | 8.31% | -23.07% | |||||
| EPS Growth (1Y) | 6.96% | 6.91% | 19.31% | 30.71% | 41.15% | 53.79% | 24.96% | 21.24% | 18.90% | 5.86% | 6.78% | -24.50% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 6.40 | 6.68 | 7.98 | 7.87 | 6.74 | 6.95 | 8.78 | 8.84 | 10.29 | 10.19 | 8.81 | 9.49 | |||||
| P/B | 6.06 | 5.28 | 5.98 | 6.32 | 6.43 | 5.76 | 5.95 | 6.60 | 6.90 | 6.45 | 6.35 | 6.94 | |||||
| P/S TTM | 1.93 | 2.11 | 2.28 | 2.33 | 2.04 | 2.19 | 2.27 | 2.18 | 2.43 | 2.32 | 1.98 | 2.08 | |||||
| Market Cap | 2.36B | 2.52B | 2.64B | 2.65B | 2.29B | 2.43B | 2.41B | 2.25B | 2.44B | 2.27B | 1.89B | 1.95B | |||||
| Enterprise Value | 2.11B | 2.27B | 2.29B | 2.34B | 2.03B | 2.16B | 2.13B | 2.02B | 2.21B | 2.09B | 1.66B | 1.75B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 195.19M | 171.62M | 285.64M | 357.68M | 382.03M | 371.27M | 323.11M | 290.24M | 277.08M | 250.77M | 266.85M | 272.23M | |||||
| Net Debt | -250.45M | -255.51M | -342.18M | -311.60M | -258.97M | -268.22M | -279.80M | -232.95M | -228.59M | -178.47M | -230.53M | -197.65M | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
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| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
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| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
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| Net Income Growth (3Y) | |||||||||||||||||
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| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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