Artisan Partners Asset Management Inc.(APAM)Earnings, Financials & Key Ratios

APAM•NYSE

$36.03

8.9× P/E·Price updated Jul 7, 2026

SectorFinancial Services IndustryAsset Management Sub-IndustryTraditional active asset managers

AboutArtisan Partners Asset Management Inc. is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts. It manages separate client-focused equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of companies across all market capitalization. For fixed income component of its portfolio the firm invests in non-investment grade corporate bonds and secured and unsecured loans. It employs fundamental analysis to create its portfolios. Artisan Partners Asset Management Inc. was founded in 1994 and is based in Milwaukee, Wisconsin with additional offices in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom.Show more

EBITDA$409M+8.6%
Net Income$290M+11.8%
EPS (Diluted)4.05+10.7%
Gross Margin45.72%-1.8%
EBITDA Margin34.17%+0.9%
Operating Margin33.39%+1.3%
Net Margin24.26%+3.8%
ROE37.89%-1.3%

APAM Price & Volume

Artisan Partners Asset Management Inc. (APAM) stock price & volume — 10-year historical chart

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Market Sensitivity Drives Volatile Asset Management Returns

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Mixed

Profitability:Moderate

Financial:Healthy

Cash Flow:Mixed

Primary Risk:Active management fee compression

Key Thesis Takeaways

Artisan Partners exhibits a business model heavily tethered to market-driven AUM fluctuations, resulting in inconsistent revenue growth that ranged from $249.0 million to $350.7 million over the last ten quarters.
While the firm maintains a strategic debt-to-equity ratio between 0.40 and 0.60, its reliance on high-active-share strategies faces persistent fee compression risks that may threaten long-term margin stability.
Investors should monitor the firm's aggressive capital return policy, which recently saw dividend payments of $112.5 million in 2026Q1, as it frequently exceeds quarterly free cash flow and necessitates careful liquidity management.

Verdict Logic

while the 11.0% dividend yield is attractive, the inconsistent FCF margins, which ranged from -22.1% to 61.5%, suggest that the current payout policy may be unsustainable without improved operational cash flow stability.

APAM Growth Metrics

Artisan Partners Asset Management Inc. (APAM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.04%

5 Years5.87%

3 Years6.41%

TTM-

Profit CAGR

10 Years13.5%

5 Years6.43%

3 Years11.98%

TTM9.86%

EPS CAGR

10 Years8.09%

5 Years3.56%

3 Years11.27%

TTM8.45%

Return on Capital

10 Years56.98%

5 Years45.22%

3 Years33.34%

Last Year29.89%

APAM Recent Earnings

Artisan Partners Asset Management Inc. (APAM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 8/12 qtrs (67%)●Beat Revenue 3/12 qtrs (25%)

Q2 2026Latest

Apr 28, 2026

Metric

Actual

Est

EPS

$0.87-4.4%

$0.91

Rev

$303M-0.3%

$304M

Q1 2026

Feb 3, 2026

Metric

Actual

Est

EPS

$1.26+13.5%

$1.11

Rev

$336M+3.6%

$324M

Q4 2025

Oct 28, 2025

Metric

Actual

Est

EPS

$1.02+5.2%

$0.97

Rev

$301M-6.5%

$322M

Q3 2025

Jul 29, 2025

Metric

Actual

Est

EPS

$0.83+1.2%

$0.82

Rev

$272M-9.5%

$300M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 28, 2026	$0.87vs $0.91-4.4%	$303Mvs $304M-0.3%
Q1 2026	Feb 3, 2026	$1.26vs $1.11+13.5%	$336Mvs $324M+3.6%
Q4 2025	Oct 28, 2025	$1.02vs $0.97+5.2%	$301Mvs $322M-6.5%
Q3 2025	Jul 29, 2025	$0.83vs $0.82+1.2%	$272Mvs $300M-9.5%

Based on last 12 quarters of dataView full earnings history →

Latest APAM News

Recent stock market news and headlines for Artisan Partners Asset Management Inc. (APAM)

Seeking Alpha·3 days ago

Artisan Partners Asset Management: Limited Downside

Artisan Partners Asset Management is rated BUY, trading at a 19% discount to the financial sector and 20% below its five-year average P/E. APAM's AUM remains stable at $186bn, but equity outflows offset market gains; diversification into credit, real estate, and potential ETFs is underway. Despite fee compression and industry headwinds from passive and hedge fund competition, APAM maintains strong cash flow, low leverage (0.4x), and a robust, growing dividend.

Peers Comparison

Key metrics vs top competitors for Artisan Partners Asset Management Inc. (APAM)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
APAMArtisan Partners Asset Management Inc.Current	$36.03	$2.56B	8.90	7.63%	24.26%	37.89%	10.88%
VRTSVirtus Investment Partners, Inc.	$155.15	$1.04B	7.77	-8%	14.61%	11.15%	—
DHILDiamond Hill Investment Group, Inc.	$174.99	$473.29M	9.77	4.48%	30.89%	27.03%	—
CNNECannae Holdings, Inc.	$14.44	$756.69M	-1.59	-6.39%	-103.77%	-38.83%	—
AMGAffiliated Managers Group, Inc.	$359.72	$9.5B	15.82	19.83%	31.89%	17.07%	—
TROWT. Rowe Price Group, Inc.	$120.16	$26.15B	12.99	3.12%	28.28%	17.56%	—

Compare APAM vs Peers

Artisan Partners Asset Management Inc. (APAM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VRTS

Most directly comparable listed peer for APAM.

Scale Benchmark

vs MS

Larger-name benchmark to compare APAM against a more recognizable public peer.

Peer Set

Compare Top 5

vs VRTS, DHIL, CNNE, AMG

APAM SEC Filings & Documents

Artisan Partners Asset Management Inc. (APAM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Jun 5, 2026·SEC

Material company update

Jun 3, 2026·SEC

Material company update

May 11, 2026·SEC

10-K Annual Reports

FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

FY 2026

May 4, 2026·SEC

FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 1, 2025·SEC

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APAM Frequently Asked Questions

Artisan Partners Asset Management Inc. (APAM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Artisan Partners Asset Management Inc.'s revenue?

Artisan Partners Asset Management Inc. (APAM) reported $1.23B in revenue for fiscal year 2025.

How fast is Artisan Partners Asset Management Inc. growing?

Artisan Partners Asset Management Inc. (APAM) grew revenue by 7.6% over the past year. This is steady growth.

Is APAM profitable?

Yes, Artisan Partners Asset Management Inc. (APAM) is profitable, generating $287.2M in net income for fiscal year 2025 (24.3% net margin).

Dividend & Returns

Does APAM pay dividends?

Yes, Artisan Partners Asset Management Inc. (APAM) pays a dividend with a yield of 10.88%. This makes it attractive for income-focused investors.

What is APAM's return on equity?

Artisan Partners Asset Management Inc. (APAM) has a return on equity (ROE) of 37.9%. This is excellent, indicating efficient use of shareholder capital.

What is Artisan Partners Asset Management Inc.'s free cash flow?

Artisan Partners Asset Management Inc. (APAM) generated $195.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in APAM back in 2009?

Total return calculator · dividends reinvested · 17+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

Apr 28, 2026

$0.87vs $0.91-4.4%

$303Mvs $304M-0.3%

Q1 2026

Feb 3, 2026

$1.26vs $1.11+13.5%

$336Mvs $324M+3.6%

Q4 2025

Oct 28, 2025

$1.02vs $0.97+5.2%

$301Mvs $322M-6.5%

Q3 2025

Jul 29, 2025

$0.83vs $0.82+1.2%

$272Mvs $300M-9.5%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

APAMArtisan Partners Asset Management Inc.Current

$36.03

$2.56B

8.90

7.63%

24.26%

37.89%

10.88%

VRTSVirtus Investment Partners, Inc.

$155.15

$1.04B

7.77

-8%

14.61%

11.15%

—

DHILDiamond Hill Investment Group, Inc.

$174.99

$473.29M

9.77

4.48%

30.89%

27.03%

—

CNNECannae Holdings, Inc.

$14.44

$756.69M

-1.59

-6.39%

-103.77%

-38.83%

—

AMGAffiliated Managers Group, Inc.

$359.72

$9.5B

15.82

19.83%

31.89%

17.07%

—

TROWT. Rowe Price Group, Inc.

$120.16

$26.15B

12.99

3.12%

28.28%

17.56%

—