Artisan Partners Asset Management Inc.

NYSE•APAM

CEO: Mr. Eric Richard Colson C.F.A.

セクター: Financial Services

業種: Asset Management

上場日: 2013-03-07

Artisan 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.

連絡先情報

875 East Wisconsin Avenue, Suite 800, Milwaukee, WI, 53202, United States

414-390-6100

www.artisanpartners.com

時価総額

$2.63B

PER (TTM)

8.4

配当利回り

10.4%

52週高値

$48.50

52週安値

$32.75

52週レンジ

29%

順位30Top 19.5%

5.1

F-Score

改良版 Piotroski 分析

10年ファンダメンタル

堅調 • 5.1 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2016-2025

財務ダッシュボード

Q4 2025 データ

売上高

$350.70M+12.94%

直近4四半期の推移

EPS

$1.32+36.08%

直近4四半期の推移

フリーCF

-$1.26M-100.00%

直近4四半期の推移

2025 Annual 決算ハイライト

主なハイライト

AUM Growth Strong Total AUM reached $179.9B end of 2025, marking a $18.7B or 12% increase year-over-year, driven by market appreciation.

Revenue Rises Eight Percent Total revenues hit $1.20B in 2025, growing 8% from $1.11B in 2024, supported by higher management fees.

Performance Fee Revenue Doubles Performance fees surged 97% to $29.1M in 2025, reflecting strong relative investment outperformance across fee-based products.

Operating Margin Expansion Noted GAAP operating margin improved to 33.4% in 2025, up from 33.0% in 2024, showing efficiency gains in core operations.

リスク要因

Equity Strategies Net Outflows Equity strategies experienced net outflows of $15.6B in 2025, driven by weaker relative performance and client reallocations.

Key Personnel Departure Risk Success depends on retaining professionals; loss of key personnel could limit strategy execution and client asset retention.

Competitive Fee Rate Pressure Industry trend shows lower fees; maintaining attractive fee structure requires retaining strong investment performance results.

TRA Payments Substantial Significant future payments under Tax Receivable Agreements are estimated around $420M over 15 years, impacting liquidity.

見通し

Real Estate Private Equity Entry Completed acquisition of Grandview Property Partners in January 2026, establishing entry into real estate private equity asset class.

Dividend Policy Focus Expect quarterly dividend payout targeting approximately 80% of cash generated each quarter from operations going forward.

Future Tax Rate Increase Expected GAAP effective tax rate projected to increase 1% to 3% starting 2027 due to OBBBA compensation deduction rules.

Operating Expenses Mid-Single Growth Occupancy, technology, and G&A expenses are expected to increase by mid-single digits in 2026 compared to 2025.

同業比較

売上高 (TTM)

FHI

$1.80B

+10.6%

WSFS

$1.36B

-3.1%

APAM

$1.21B

+9.0%

粗利益率 (最新四半期)

APAM

99.4%

-0.9pp

HTGC

98.1%

+4.1pp

CNS

82.1%

+32.1pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
FHI	$4.33B	10.2	35.3%	20.0%
WSFS	$3.44B	11.9	10.6%	1.4%
CNS	$3.31B	23.0	27.0%	15.8%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

8.2%

安定成長

4四半期純利益CAGR

15.7%

収益性の大幅な改善

キャッシュフロー安定性

75%

キャッシュフローの変動が大きい

深度リサーチ

次回決算:2026年4月27日

EPS:-

売上高:-

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし