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Artisan Partners Asset Management (APAM) Financials

Artisan Partners Asset Management logo
$46.60 -0.12 (-0.26%)
As of 02:37 PM Eastern
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Annual Income Statements for Artisan Partners Asset Management

Annual Income Statements for Artisan Partners Asset Management

This table shows Artisan Partners Asset Management's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 82 73 50 158 157 213 337 207 222 260
Consolidated Net Income / (Loss)		 212 173 151 254 241 309 445 248 312 350
Net Income / (Loss) Continuing Operations		 212 173 151 254 241 309 445 248 312 350
Total Pre-Tax Income 		259 224 571 302 269 369 552 312 384 441
Total Revenue		 782 711 291 835 815 911 1,249 970 1,063 1,195
Net Interest Income / (Expense)		 -12 -12 0.00 0.00 0.00 -11 0.56 0.33 6.30 9.61
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.56 0.33 6.30 9.61
Investment Securities Interest Income		 - - - - - - 0.56 0.33 6.30 9.61
Total Interest Expense		 12 12 0.00 0.00 0.00 11 0.00 0.00 0.00 0.00
Total Non-Interest Income		 794 723 291 835 815 921 1,248 970 1,057 1,185
Net Realized & Unrealized Capital Gains on Investments		 -12 1.90 291 6.41 16 22 21 -24 82 73
Other Non-Interest Income		 - 721 - 829 799 900 1,227 993 975 1,112
Total Non-Interest Expense		 523 487 -286 524 515 541 687 649 672 745
Salaries and Employee Benefits		 414 384 403 413 400 436 563 510 529 594
Net Occupancy & Equipment Expense		 38 45 49 56 63 61 66 79 81 83
Marketing Expense		 - - 30 27 23 24 32 25 24 26
Other Operating Expenses		 71 58 28 28 29 20 26 35 38 42
Nonoperating Income / (Expense), net		 - - -6.09 -11 -31 - -10 -9.00 -8.07 -9.11
Income Tax Expense		 47 51 421 48 28 61 107 63 72 91
Net Income / (Loss) Attributable to Noncontrolling Interest		 130 100 101 4.83 4.87 96 11 -7.49 40 37
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)		 - - - 91 80 - 97 49 50 53
Basic Earnings per Share		 $1.86 $1.57 $0.75 $2.84 $2.65 $3.40 $5.10 $2.94 $3.19 $3.66
Weighted Average Basic Shares Outstanding		 35.45M 38.14M 44.65M 48.86M 51.13M 55.63M 59.87M 62.48M 63.45M 64.90M
Diluted Earnings per Share		 $1.86 $1.57 $0.75 $2.84 $2.65 $3.40 $5.09 $2.94 $3.19 $3.66
Weighted Average Diluted Shares Outstanding		 35.45M 38.14M 44.65M 48.86M 51.13M 55.64M 59.88M 62.50M 63.49M 64.94M
Weighted Average Basic & Diluted Shares Outstanding		 35.45M 38.14M 44.65M 48.86M 51.13M 78.42M 78.85M 79.46M 79.89M 80.29M
Cash Dividends to Common per Share		 $3.35 $2.80 $2.76 $3.19 $3.39 $3.39 $4.23 $3.67 $2.66 $3.16

Quarterly Income Statements for Artisan Partners Asset Management

This table shows Artisan Partners Asset Management's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 44 53 51 54 53 65 59 58 73 70 61
Consolidated Net Income / (Loss)		 52 66 72 74 73 93 87 71 104 88 77
Net Income / (Loss) Continuing Operations		 52 66 72 74 73 93 87 71 104 88 77
Total Pre-Tax Income 		67 83 90 92 88 113 109 90 129 113 97
Total Revenue		 223 248 235 244 251 333 266 274 317 337 290
Net Interest Income / (Expense)		 -2.43 8.19 0.52 1.16 2.09 2.53 1.78 -0.12 2.77 5.19 1.94
Total Interest Income		 0.00 0.33 0.52 1.16 2.09 2.53 1.78 2.07 2.77 2.99 1.94
Investment Securities Interest Income		 - - 0.52 1.16 2.09 2.53 1.78 2.07 2.77 2.99 1.94
Total Interest Expense		 2.43 -7.85 0.00 0.00 0.00 - 0.00 2.19 0.00 -2.19 0.00
Total Non-Interest Income		 225 240 235 243 249 331 264 274 315 332 288
Net Realized & Unrealized Capital Gains on Investments		 -9.07 14 - - - - - 3.46 35 - 11
Other Non-Interest Income		 234 226 235 243 249 249 264 271 280 297 277
Total Non-Interest Expense		 156 156 166 166 167 173 187 184 186 188 191
Salaries and Employee Benefits		 122 121 132 130 131 137 150 147 149 148 155
Net Occupancy & Equipment Expense		 20 21 19 20 20 21 21 21 21 21 20
Marketing Expense		 5.59 5.66 5.62 6.02 6.15 5.84 6.39 6.40 6.36 6.61 6.43
Other Operating Expenses		 8.39 8.35 9.61 9.53 9.55 9.16 9.65 10 9.74 12 8.76
Nonoperating Income / (Expense), net		 - - 22 14 3.75 -48 29 - -2.20 - -2.05
Income Tax Expense		 15 17 19 18 15 20 22 19 25 26 20
Net Income / (Loss) Attributable to Noncontrolling Interest		 8.25 -36 9.01 8.01 8.95 14 14 14 31 -22 16
Basic Earnings per Share		 $0.65 $0.77 $0.72 $0.76 $0.76 $0.95 $0.84 $0.80 $1.03 $0.99 $0.82
Weighted Average Basic Shares Outstanding		 62.62M 62.48M 63.23M 63.50M 63.52M 63.45M 64.32M 64.96M 65.12M 64.90M 65.37M
Diluted Earnings per Share		 $0.65 $0.77 $0.72 $0.76 $0.76 $0.95 $0.84 $0.80 $1.03 $0.99 $0.82
Weighted Average Diluted Shares Outstanding		 62.63M 62.50M 63.25M 63.52M 63.56M 63.49M 64.36M 65.00M 65.16M 64.94M 65.37M
Weighted Average Basic & Diluted Shares Outstanding		 79.97M 79.46M - 79.96M 79.96M 79.89M 80.37M 80.37M 80.36M 80.29M 80.66M
Cash Dividends to Common per Share		 $0.60 $0.56 $0.90 $0.50 $0.61 $0.65 $1.02 $0.61 $0.71 $0.82 $1.34

Annual Cash Flow Statements for Artisan Partners Asset Management

This table details how cash moves in and out of Artisan Partners Asset Management's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -16 -9.68 2.39 55 -31 55 36 -58 40 94
Net Cash From Operating Activities		 321 270 226 333 293 319 399 313 253 373
Net Cash From Continuing Operating Activities		 321 270 226 333 293 319 399 313 253 373
Net Income / (Loss) Continuing Operations		 212 173 151 254 241 309 445 248 312 350
Consolidated Net Income / (Loss)		 212 173 151 254 241 309 445 248 312 350
Depreciation Expense		 4.52 5.27 5.30 5.67 6.23 6.63 6.93 7.80 9.35 9.86
Amortization Expense		 0.45 0.45 0.45 0.46 0.46 0.42 0.42 0.44 0.44 0.39
Non-Cash Adjustments to Reconcile Net Income		 107 104 92 52 11 26 -31 18 -96 -13
Changes in Operating Assets and Liabilities, net		 -2.44 -13 -23 21 34 -23 -22 38 27 26
Net Cash From Investing Activities		 -11 -2.33 -4.70 -14 -18 19 -27 -64 -38 -25
Net Cash From Continuing Investing Activities		 -11 -2.33 -4.70 -14 -18 19 -27 -64 -38 -25
Purchase of Property, Leasehold Improvements and Equipment		 -7.34 -7.28 -5.84 -14 -18 -3.10 -5.97 -20 -8.63 -4.75
Purchase of Investment Securities		 -6.75 -4.01 -5.25 -0.50 -0.01 -2.15 -34 -49 -35 -32
Sale and/or Maturity of Investments		 2.72 8.96 6.38 0.00 0.29 24 13 5.16 5.95 12
Other Investing Activities, net		 0.04 0.00 0.00 - 0.00 0.00 - 0.00 0.00 0.00
Net Cash From Financing Activities		 -326 -278 -219 -263 -307 -282 -335 -306 -175 -254
Net Cash From Continuing Financing Activities		 -326 -278 -219 -263 -307 -282 -335 -306 -175 -254
Issuance of Debt		 0.00 0.00 60 0.00 50 0.00 0.00 90 0.00 0.00
Repayment of Debt		 0.00 0.00 -61 0.00 -50 0.00 0.00 -91 0.00 0.00
Payment of Dividends		 -124 -115 -131 -168 -188 -203 -275 -249 -183 -222
Other Financing Activities, Net		 -202 -162 -87 -96 -118 -79 -61 -57 8.42 -32
Cash Interest Paid		 11 11 11 11 11 10 10 10 7.68 7.68
Cash Income Taxes Paid		 29 19 25 21 19 35 70 32 31 43

Quarterly Cash Flow Statements for Artisan Partners Asset Management

This table details how cash moves in and out of Artisan Partners Asset Management's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 24 -44 30 25 38 -52 54 4.36 47 -12 28
Net Cash From Operating Activities		 89 5.99 121 62 80 -9.77 147 76 113 37 158
Net Cash From Continuing Operating Activities		 88 6.04 121 62 80 -9.77 147 76 113 37 158
Net Income / (Loss) Continuing Operations		 52 66 72 74 73 93 87 71 104 88 77
Consolidated Net Income / (Loss)		 52 66 72 74 73 93 87 71 104 88 77
Depreciation Expense		 2.09 2.18 2.20 2.31 2.39 2.45 2.39 2.44 2.68 2.36 2.49
Amortization Expense		 0.09 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.06 0.11 0.11
Non-Cash Adjustments to Reconcile Net Income		 -1.60 9.98 -27 -31 -7.57 -30 -22 -0.26 -28 38 -8.84
Changes in Operating Assets and Liabilities, net		 35 -73 74 17 11 -75 80 2.35 34 -91 87
Net Cash From Investing Activities		 -7.40 -3.27 -36 1.20 -1.53 -1.64 -29 4.46 0.23 -0.45 -38
Net Cash From Continuing Investing Activities		 -7.40 -3.27 -36 1.20 -1.53 -1.64 -29 4.46 0.23 -0.45 -38
Purchase of Property, Leasehold Improvements and Equipment		 -6.71 -3.27 -3.07 -1.36 -1.84 -2.36 -1.86 -1.92 -0.51 -0.45 -0.22
Purchase of Investment Securities		 -0.69 - -36 -0.04 0.16 - -31 -0.70 -0.00 0.00 -41
Sale and/or Maturity of Investments		 - - 2.47 2.60 0.16 0.72 3.85 7.09 0.75 - 2.70
Other Investing Activities, net		 - - 0.00 - - - 0.00 - - - 0.00
Net Cash From Financing Activities		 -57 -47 -55 -39 -41 -41 -64 -76 -66 -48 -92
Net Cash From Continuing Financing Activities		 -57 -47 -55 -39 -41 -41 -64 -76 -66 -48 -92
Payment of Dividends		 -41 -38 -62 -34 -42 -45 -71 -43 -50 -58 -95
Other Financing Activities, Net		 -16 -8.71 6.99 -4.39 1.55 4.27 7.22 -33 -16 9.63 2.84

Annual Balance Sheets for Artisan Partners Asset Management

This table presents Artisan Partners Asset Management's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 946 936 837 805 934 1,152 1,208 1,235 1,406 1,619
Cash and Due from Banks		 166 157 159 175 144 199 200 143 178 268
Trading Account Securities		 10 6.30 4.98 18 131 238 48 427 151 209
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 18 20 21 29 39 36 35 48 47 41
Other Assets		 750 752 651 582 619 683 916 702 666 638
Total Liabilities & Shareholders' Equity		 946 936 837 805 934 1,152 1,208 1,235 1,406 1,619
Total Liabilities		 829 818 667 630 752 867 801 820 802 869
Long-Term Debt		 199 199 199 199 199 199 199 199 199 199
Other Long-Term Liabilities		 612 603 451 414 493 518 546 549 603 669
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - 0.00 63 34 43 94 111 135 252 328
Total Equity & Noncontrolling Interests		 117 118 108 140 139 191 296 279 351 422
Total Preferred & Common Equity		 130 132 110 135 133 180 276 262 324 389
Total Common Equity		 130 132 110 135 133 180 276 262 324 389
Common Stock		 117 120 149 98 90 109 143 172 195 222
Retained Earnings		 13 13 -38 39 44 73 135 93 132 170
Accumulated Other Comprehensive Income / (Loss)		 -0.38 -1.65 -0.87 -1.90 -1.43 -0.99 -1.31 -3.08 -2.50 -2.76
Noncontrolling Interest		 -13 -14 -1.86 5.44 5.54 11 20 17 27 33

Quarterly Balance Sheets for Artisan Partners Asset Management

This table presents Artisan Partners Asset Management's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 1,330 1,406 1,418 1,516 1,505 1,611 1,370
Cash and Due from Banks		 173 198 231 229 233 280 259
Trading Account Securities		 401 478 476 568 564 626 415
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 48 48 47 46 45 43 39
Other Assets		 708 682 664 673 663 662 657
Total Liabilities & Shareholders' Equity		 1,330 1,406 1,418 1,516 1,505 1,611 1,370
Total Liabilities		 888 893 875 899 857 907 868
Other Short-Term Payables		 56 82 61 77 46 87 66
Long-Term Debt		 199 199 199 199 199 199 199
Other Long-Term Liabilities		 633 612 614 622 612 620 602
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 161 206 220 263 276 299 108
Total Equity & Noncontrolling Interests		 281 307 323 354 372 405 395
Total Preferred & Common Equity		 255 281 298 320 341 372 357
Total Common Equity		 255 281 298 320 341 372 357
Common Stock		 176 182 189 202 208 216 222
Retained Earnings		 82 101 112 121 135 158 137
Accumulated Other Comprehensive Income / (Loss)		 -2.74 -2.53 -3.25 -2.63 -2.61 -1.82 -2.30
Noncontrolling Interest		 26 26 26 33 31 33 38

Annual Metrics And Ratios for Artisan Partners Asset Management

This table displays calculated financial ratios and metrics derived from Artisan Partners Asset Management's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -5.69% -9.06% -59.09% 187.04% -2.36% 11.67% 37.14% -22.32% 9.62% 12.37%
EBITDA Growth		 -15.16% -12.75% 153.29% -45.55% -3.43% 22.76% 51.28% -42.20% 22.02% 14.54%
EBIT Growth		 -15.76% -13.29% 157.18% -46.07% -3.68% 23.15% 52.18% -42.91% 22.11% 14.78%
NOPAT Growth		 -17.09% -18.44% -11.94% 72.92% 2.08% 14.73% 46.82% -43.58% 24.58% 12.10%
Net Income Growth		 -12.61% -18.44% -12.87% 68.63% -5.01% 27.77% 44.09% -44.12% 25.53% 12.14%
EPS Growth		 602.70% -15.59% -52.23% 278.67% -6.69% 28.30% 49.71% -42.24% 8.50% 14.73%
Operating Cash Flow Growth		 -8.63% -15.84% -16.42% 47.52% -12.16% 8.84% 25.06% -21.56% -19.06% 47.35%
Free Cash Flow Firm Growth		 -34.83% -15.74% -41.89% 159.70% 1.25% -21.80% 61.15% -24.89% -48.04% 63.20%
Invested Capital Growth		 2.72% 0.42% 16.58% 1.18% 1.76% 27.15% 25.28% 1.20% 30.85% 18.22%
Revenue Q/Q Growth		 -5.28% -0.91% -61.18% 144.70% 4.52% 4.57% 4.78% -7.60% 8.73% 0.32%
EBITDA Q/Q Growth		 -13.56% -1.29% 130.90% -48.56% 12.42% 5.99% 5.06% -15.03% 20.79% -2.47%
EBIT Q/Q Growth		 -13.89% -1.37% 133.96% -49.04% 12.62% 6.11% 5.09% -15.43% 21.32% -2.50%
NOPAT Q/Q Growth		 -14.85% -3.05% -21.36% 27.34% 10.82% 14.47% 1.71% -11.80% 11.59% 0.55%
Net Income Q/Q Growth		 -6.29% -3.05% -22.19% 22.88% 9.67% 14.47% -0.18% -14.28% 9.29% -1.49%
EPS Q/Q Growth		 0.00% -3.68% -59.68% 82.05% 8.61% 13.71% 0.99% -14.53% 5.98% 1.11%
Operating Cash Flow Q/Q Growth		 -0.88% -3.74% -19.54% 16.77% 9.80% -3.41% -6.03% 3.86% -5.86% 14.41%
Free Cash Flow Firm Q/Q Growth		 -34.37% -3.16% -29.84% 22.76% 5.47% -5.50% 13.71% 15.05% -30.15% 8.64%
Invested Capital Q/Q Growth		 -0.77% -0.71% -0.33% 1.99% 5.54% 17.16% 6.81% -4.36% 8.18% 5.09%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 33.74% 32.37% 200.43% 38.02% 37.60% 41.33% 45.59% 33.92% 37.76% 38.49%
EBIT Margin		 33.11% 31.57% 198.45% 37.29% 36.78% 40.56% 45.01% 33.07% 36.84% 37.63%
Profit (Net Income) Margin		 27.12% 24.33% 51.81% 30.44% 29.61% 33.88% 35.60% 25.61% 29.32% 29.26%
Tax Burden Percent		 81.93% 77.07% 26.39% 84.23% 89.67% 83.54% 80.60% 79.65% 81.26% 79.37%
Interest Burden Percent		 100.00% 100.00% 98.95% 96.93% 89.79% 100.00% 98.14% 97.20% 97.94% 97.97%
Effective Tax Rate		 18.07% 22.93% 73.61% 15.77% 10.33% 16.46% 19.40% 20.35% 18.74% 20.63%
Return on Invested Capital (ROIC)		 68.05% 54.66% 44.35% 70.82% 71.25% 71.35% 83.07% 41.89% 44.94% 40.73%
ROIC Less NNEP Spread (ROIC-NNEP)		 68.05% 54.66% 43.55% 66.18% 57.47% 71.35% 78.85% 38.29% 41.65% 37.10%
Return on Net Nonoperating Assets (RNNOA)		 121.29% 93.04% 60.20% 76.33% 64.23% 60.94% 45.44% 18.57% 16.29% 10.93%
Return on Equity (ROE)		 189.34% 147.70% 104.55% 147.15% 135.48% 132.29% 128.51% 60.46% 61.23% 51.66%
Cash Return on Invested Capital (CROIC)		 65.37% 54.24% 29.04% 69.65% 69.50% 47.44% 60.63% 40.70% 18.21% 24.03%
Operating Return on Assets (OROA)		 28.84% 23.86% 65.11% 37.92% 34.50% 35.41% 47.63% 26.27% 29.67% 29.73%
Return on Assets (ROA)		 23.63% 18.38% 17.00% 30.96% 27.78% 29.58% 37.67% 20.34% 23.62% 23.12%
Return on Common Equity (ROCE)		 203.60% 165.03% 87.61% 104.34% 101.86% 88.90% 84.84% 39.62% 35.26% 27.21%
Return on Equity Simple (ROE_SIMPLE)		 163.10% 131.35% 137.13% 188.23% 181.61% 170.94% 160.94% 94.72% 96.19% 89.90%
Net Operating Profit after Tax (NOPAT)		 212 173 152 263 269 309 453 256 318 357
NOPAT Margin		 27.12% 24.33% 52.37% 31.55% 32.98% 33.88% 36.27% 26.35% 29.94% 29.87%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.81% 4.64% 13.78% 0.00% 4.22% 3.60% 3.29% 3.63%
SG&A Expenses to Revenue		 57.83% 60.34% 165.36% 59.35% 59.66% 57.22% 52.90% 63.31% 59.60% 58.85%
Operating Expenses to Revenue		 66.89% 68.43% -98.45% 62.71% 63.22% 59.44% 55.00% 66.93% 63.16% 62.37%
Earnings before Interest and Taxes (EBIT)		 259 224 577 311 300 369 562 321 392 450
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 264 230 583 317 307 376 569 329 402 460
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 9.45 8.63 15.25 7.81 13.38 17.02 11.21 7.55 9.83 8.63
Price to Tangible Book Value (P/TBV)		 9.45 8.63 15.25 7.81 13.38 17.02 11.21 7.55 9.83 8.63
Price to Revenue (P/Rev)		 1.57 1.60 5.76 1.26 2.18 3.37 2.48 2.04 3.00 2.81
Price to Earnings (P/E)		 15.03 15.56 33.80 6.66 11.36 14.45 9.20 9.57 14.33 12.92
Dividend Yield		 16.42% 14.40% 9.74% 18.89% 10.32% 7.14% 10.01% 11.87% 5.80% 5.94%
Earnings Yield		 6.65% 6.43% 2.96% 15.01% 8.80% 6.92% 10.87% 10.45% 6.98% 7.74%
Enterprise Value to Invested Capital (EV/IC)		 3.95 3.67 4.80 2.99 4.94 6.56 5.32 3.56 4.34 3.84
Enterprise Value to Revenue (EV/Rev)		 1.60 1.64 6.11 1.34 2.31 3.49 2.58 2.25 3.28 3.05
Enterprise Value to EBITDA (EV/EBITDA)		 4.73 5.06 3.05 3.52 6.14 8.44 5.67 6.65 8.68 7.93
Enterprise Value to EBIT (EV/EBIT)		 4.82 5.19 3.08 3.59 6.28 8.60 5.74 6.82 8.90 8.11
Enterprise Value to NOPAT (EV/NOPAT)		 5.88 6.73 11.66 4.25 7.00 10.29 7.12 8.56 10.95 10.22
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.89 4.31 7.86 3.36 6.43 9.97 8.09 7.00 13.78 9.78
Enterprise Value to Free Cash Flow (EV/FCFF)		 6.13 6.78 17.81 4.32 7.18 15.48 9.76 8.81 27.01 17.32
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.71 1.69 1.17 1.14 1.10 0.70 0.49 0.48 0.33 0.27
Long-Term Debt to Equity		 1.71 1.69 1.17 1.14 1.10 0.70 0.49 0.48 0.33 0.27
Financial Leverage		 1.78 1.70 1.38 1.15 1.12 0.85 0.58 0.49 0.39 0.29
Leverage Ratio		 8.01 8.03 6.15 4.75 4.88 4.47 3.41 2.97 2.59 2.23
Compound Leverage Factor		 8.01 8.03 6.08 4.61 4.38 4.47 3.35 2.89 2.54 2.19
Debt to Total Capital		 63.10% 62.89% 53.85% 53.27% 52.30% 41.17% 32.89% 32.44% 24.81% 21.01%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 63.10% 62.89% 53.85% 53.27% 52.30% 41.17% 32.89% 32.44% 24.81% 21.01%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -4.27% -4.41% 16.42% 10.64% 12.78% 21.55% 21.57% 24.84% 34.82% 38.03%
Common Equity to Total Capital		 41.17% 41.52% 29.73% 36.10% 34.92% 37.28% 45.55% 42.73% 40.37% 40.97%
Debt to EBITDA		 0.76 0.87 0.34 0.63 0.65 0.53 0.35 0.60 0.50 0.43
Net Debt to EBITDA		 0.12 0.18 0.07 0.07 0.18 0.00 0.00 0.17 0.05 -0.15
Long-Term Debt to EBITDA		 0.76 0.87 0.34 0.63 0.65 0.53 0.35 0.60 0.50 0.43
Debt to NOPAT		 0.94 1.15 1.31 0.76 0.74 0.65 0.44 0.78 0.63 0.56
Net Debt to NOPAT		 0.15 0.24 0.26 0.09 0.20 0.00 0.00 0.22 0.07 -0.19
Long-Term Debt to NOPAT		 0.94 1.15 1.31 0.76 0.74 0.65 0.44 0.78 0.63 0.56
Noncontrolling Interest Sharing Ratio		 -7.53% -11.74% 16.20% 29.09% 24.81% 32.80% 33.99% 34.47% 42.42% 47.32%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 204 172 100 259 262 205 331 248 129 211
Operating Cash Flow to CapEx		 4,379.54% 3,715.78% 3,872.39% 2,408.22% 1,646.38% 10,283.22% 6,679.25% 1,598.37% 2,931.62% 7,845.92%
Free Cash Flow to Firm to Interest Expense		 17.40 14.73 0.00 0.00 0.00 18.99 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 27.44 23.20 0.00 0.00 0.00 29.50 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 26.82 22.58 0.00 0.00 0.00 29.21 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.87 0.76 0.33 1.02 0.94 0.87 1.06 0.79 0.81 0.79
Fixed Asset Turnover		 45.21 37.41 14.18 33.29 23.76 24.16 35.08 23.26 22.45 27.12
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 316 317 370 374 381 484 606 614 803 949
Invested Capital Turnover		 2.51 2.25 0.85 2.25 2.16 2.11 2.29 1.59 1.50 1.36
Increase / (Decrease) in Invested Capital		 8.37 1.33 53 4.36 6.58 103 122 7.25 189 146
Enterprise Value (EV)		 1,248 1,165 1,776 1,118 1,882 3,176 3,226 2,187 3,485 3,648
Market Capitalization		 1,229 1,137 1,676 1,055 1,779 3,072 3,096 1,979 3,185 3,356
Book Value per Share		 $1.77 $1.77 $1.45 $1.76 $1.71 $2.30 $3.49 $3.29 $4.05 $4.84
Tangible Book Value per Share		 $1.77 $1.77 $1.45 $1.76 $1.71 $2.30 $3.49 $3.29 $4.05 $4.84
Total Capital		 316 317 370 374 381 484 606 614 803 949
Total Debt		 199 199 199 199 199 199 199 199 199 199
Total Long-Term Debt		 199 199 199 199 199 199 199 199 199 199
Net Debt		 32 42 39 24 55 -0.17 -1.33 56 21 -69
Capital Expenditures (CapEx)		 7.34 7.28 5.84 14 18 3.10 5.97 20 8.63 4.75
Net Nonoperating Expense (NNE)		 0.00 0.00 1.61 9.24 27 0.00 8.42 7.17 6.55 7.23
Net Nonoperating Obligations (NNO)		 199 199 199 199 199 199 199 199 199 199
Total Depreciation and Amortization (D&A)		 4.97 5.72 5.75 6.13 6.70 7.05 7.35 8.24 9.79 10
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.86 $1.57 $0.75 $2.84 $2.65 $3.40 $5.10 $2.94 $3.19 $3.66
Adjusted Weighted Average Basic Shares Outstanding		 74.48M 75.59M 77.00M 76.94M 77.82M 55.63M 59.87M 62.48M 63.45M 64.90M
Adjusted Diluted Earnings per Share		 $1.86 $1.57 $0.75 $2.84 $2.65 $3.40 $5.09 $2.94 $3.19 $3.66
Adjusted Weighted Average Diluted Shares Outstanding		 74.48M 75.59M 77.00M 76.94M 77.82M 55.64M 59.88M 62.50M 63.49M 64.94M
Adjusted Basic & Diluted Earnings per Share		 $1.86 $1.57 $0.75 $2.84 $2.65 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 35.45M 38.14M 44.65M 48.86M 51.13M 78.42M 78.85M 79.46M 79.89M 80.29M
Normalized Net Operating Profit after Tax (NOPAT)		 212 173 -153 263 269 309 453 256 318 357
Normalized NOPAT Margin		 27.12% 24.33% -52.53% 31.55% 32.98% 33.88% 36.27% 26.35% 29.94% 29.87%
Pre Tax Income Margin		 33.11% 31.57% 196.36% 36.14% 33.02% 40.56% 44.17% 32.15% 36.09% 36.87%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 22.11 19.26 0.00 0.00 0.00 34.18 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 18.12 14.85 0.00 0.00 0.00 28.55 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 21.49 18.64 0.00 0.00 0.00 33.89 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 17.49 14.22 0.00 0.00 0.00 28.27 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 58.44% 66.70% 86.92% 66.01% 77.93% 65.80% 61.81% 100.13% 58.81% 63.48%
Augmented Payout Ratio		 58.44% 66.70% 86.92% 74.46% 77.93% 86.23% 72.36% 100.13% 58.81% 63.48%

Quarterly Metrics And Ratios for Artisan Partners Asset Management

This table displays calculated financial ratios and metrics derived from Artisan Partners Asset Management's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -29.25% -26.67% -14.79% 9.26% 12.56% 34.43% 13.23% 12.33% 26.55% 1.13% -2.50%
EBITDA Growth		 -51.57% -42.14% -30.97% 28.80% 24.97% 73.31% 15.15% 15.25% 54.16% -7.12% -9.92%
EBIT Growth		 -52.46% -42.85% -32.00% 28.91% 25.31% 74.84% 15.39% 15.57% 55.49% -7.18% -10.24%
NOPAT Growth		 -53.71% -38.42% -33.72% 32.04% 33.95% 99.18% 15.97% 14.38% 50.74% -33.72% -10.62%
Net Income Growth		 -53.71% -38.42% -12.90% 56.39% 39.92% 39.98% 20.76% -3.43% 41.89% -5.70% -10.81%
EPS Growth		 -50.00% -39.37% -20.00% 22.58% 16.92% 23.38% 16.67% 5.26% 35.53% 4.21% -2.38%
Operating Cash Flow Growth		 -38.82% 206.60% -36.85% 133.58% -9.96% -263.23% 21.57% 22.06% 41.49% 480.32% 7.38%
Free Cash Flow Firm Growth		 48.01% 501.63% 1,051.85% -1,160.10% -41.31% -197.03% -222.80% 19.86% -82.08% -2.65% 126.59%
Invested Capital Growth		 13.02% 1.20% 0.00% 24.96% 15.68% 30.85% 0.00% 19.00% 21.71% 18.22% -14.04%
Revenue Q/Q Growth		 -0.25% 11.30% -5.23% 3.84% 2.76% 32.92% 0.00% 3.02% 15.77% 6.23% -13.99%
EBITDA Q/Q Growth		 11.36% 35.81% -24.54% 12.85% 8.05% 88.35% 0.00% 12.95% 44.52% 13.47% -32.78%
EBIT Q/Q Growth		 11.31% 36.82% -25.17% 13.12% 8.20% 90.90% 0.00% 13.30% 45.56% 13.96% -33.41%
NOPAT Q/Q Growth		 11.25% 26.32% -17.58% 14.00% 12.86% 87.84% 0.00% 12.44% 48.73% -17.41% -9.77%
Net Income Q/Q Growth		 11.25% 26.32% 8.31% 2.75% -0.47% 26.38% 0.00% -17.83% 46.23% -16.00% -11.63%
EPS Q/Q Growth		 4.84% 18.46% -6.49% 5.56% 0.00% 25.00% 0.00% -4.76% 28.75% -3.88% -17.17%
Operating Cash Flow Q/Q Growth		 232.54% -93.23% 1,919.64% -48.59% 28.19% -112.26% 1,604.18% -48.38% 48.60% -67.04% 324.71%
Free Cash Flow Firm Q/Q Growth		 -384.30% 375.42% 938.42% -113.04% 62.10% -89.11% 0.00% 91.49% 13.89% -6.61% 429.18%
Invested Capital Q/Q Growth		 12.59% -4.36% -100.00% 0.00% 4.23% 8.18% 0.00% 3.81% 6.60% 5.09% -26.08%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 31.15% 38.01% 30.27% 32.89% 34.59% 49.01% 30.78% 33.75% 42.13% 45.01% 35.17%
EBIT Margin		 30.17% 37.09% 29.29% 31.90% 33.59% 48.24% 29.84% 32.82% 41.27% 44.27% 34.27%
Profit (Net Income) Margin		 23.55% 26.73% 30.55% 30.23% 29.28% 27.84% 32.58% 25.99% 32.83% 25.96% 26.67%
Tax Burden Percent		 78.06% 79.89% 79.38% 80.00% 83.44% 82.11% 79.79% 79.18% 80.90% 77.37% 79.45%
Interest Burden Percent		 100.00% 90.22% 131.41% 118.44% 104.46% 70.28% 136.83% 100.00% 98.32% 75.77% 97.93%
Effective Tax Rate		 21.94% 20.11% 20.62% 20.00% 16.56% 17.89% 20.21% 20.82% 19.10% 22.63% 20.55%
Return on Invested Capital (ROIC)		 40.89% 42.50% 0.00% 37.82% 39.61% 59.45% 63.84% 37.47% 48.33% 35.40% 42.60%
ROIC Less NNEP Spread (ROIC-NNEP)		 40.89% 42.50% 0.00% 43.58% 41.18% 39.75% 87.26% 37.47% 47.43% 35.40% 41.78%
Return on Net Nonoperating Assets (RNNOA)		 20.09% 20.62% 0.00% 19.67% 16.64% 15.55% 28.19% 12.86% 15.16% 10.43% 14.89%
Return on Equity (ROE)		 60.98% 63.12% 0.00% 57.49% 56.25% 75.00% 92.03% 50.33% 63.49% 45.82% 57.48%
Cash Return on Invested Capital (CROIC)		 35.69% 40.70% 0.00% 19.05% 26.69% 18.21% -119.87% 24.22% 23.55% 24.03% 60.88%
Operating Return on Assets (OROA)		 24.46% 29.46% 0.00% 22.45% 23.90% 38.85% 21.54% 25.35% 32.46% 34.98% 28.20%
Return on Assets (ROA)		 19.10% 21.23% 0.00% 21.27% 20.84% 22.42% 23.52% 20.07% 25.82% 20.51% 21.94%
Return on Common Equity (ROCE)		 37.97% 41.36% 0.00% 33.02% 31.56% 43.18% 47.78% 26.97% 34.09% 24.14% 34.76%
Return on Equity Simple (ROE_SIMPLE)		 113.46% 0.00% 0.00% 94.08% 95.87% 0.00% 101.99% 95.02% 95.39% 0.00% 95.45%
Net Operating Profit after Tax (NOPAT)		 52 66 55 62 70 132 63 71 106 88 79
NOPAT Margin		 23.55% 26.73% 23.25% 25.52% 28.03% 39.61% 23.81% 25.99% 33.39% 25.96% 27.23%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -5.76% -1.57% 19.70% -23.42% 0.00% 0.89% 0.00% 0.82%
SG&A Expenses to Revenue		 66.06% 59.54% 66.62% 64.19% 62.60% 49.01% 66.53% 63.40% 55.66% 52.08% 62.71%
Operating Expenses to Revenue		 69.83% 62.91% 70.71% 68.10% 66.41% 51.76% 70.16% 67.18% 58.73% 55.73% 65.73%
Earnings before Interest and Taxes (EBIT)		 67 92 69 78 84 161 79 90 131 149 99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 69 94 71 80 87 163 82 93 134 152 102
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 7.66 7.55 0.00 10.41 9.35 9.83 11.42 9.72 9.36 8.63 8.81
Price to Tangible Book Value (P/TBV)		 7.66 7.55 0.00 10.41 9.35 9.83 11.42 9.72 9.36 8.63 8.81
Price to Revenue (P/Rev)		 1.86 2.04 2.54 3.08 2.84 3.00 3.34 2.95 2.92 2.81 2.64
Price to Earnings (P/E)		 8.21 9.57 12.29 14.53 13.22 14.33 15.84 14.12 13.66 12.92 12.01
Dividend Yield		 14.07% 11.87% 8.32% 6.04% 6.38% 5.80% 4.59% 5.36% 5.33% 5.94% 8.90%
Earnings Yield		 12.19% 10.45% 8.14% 6.88% 7.56% 6.98% 6.31% 7.08% 7.32% 7.74% 8.33%
Enterprise Value to Invested Capital (EV/IC)		 3.38 3.56 0.00 4.44 4.04 4.34 4.81 4.24 4.13 3.84 4.60
Enterprise Value to Revenue (EV/Rev)		 2.07 2.25 0.00 3.33 3.06 3.28 3.59 3.19 3.13 3.05 2.72
Enterprise Value to EBITDA (EV/EBITDA)		 5.60 6.65 0.00 10.03 9.01 8.68 9.52 8.46 7.92 7.93 7.19
Enterprise Value to EBIT (EV/EBIT)		 5.72 6.82 0.00 10.33 9.28 8.90 9.76 8.66 8.09 8.11 7.36
Enterprise Value to NOPAT (EV/NOPAT)		 7.49 8.56 0.00 11.95 10.50 10.95 12.01 11.08 10.52 10.22 9.28
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.21 7.00 0.00 11.38 11.14 13.78 14.07 12.26 11.46 9.78 8.41
Enterprise Value to Free Cash Flow (EV/FCFF)		 10.06 8.81 0.00 25.87 16.22 27.01 0.00 19.01 19.26 17.32 6.98
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.45 0.48 0.00 0.39 0.37 0.33 0.32 0.31 0.28 0.27 0.40
Long-Term Debt to Equity		 0.45 0.48 0.00 0.39 0.37 0.33 0.32 0.31 0.28 0.27 0.40
Financial Leverage		 0.49 0.49 0.00 0.45 0.40 0.39 0.32 0.34 0.32 0.29 0.36
Leverage Ratio		 3.19 2.97 0.00 3.06 2.79 2.59 2.46 2.51 2.43 2.23 2.58
Compound Leverage Factor		 3.19 2.68 0.00 3.62 2.91 1.82 3.36 2.51 2.39 1.69 2.53
Debt to Total Capital		 31.03% 32.44% 0.00% 27.96% 26.84% 24.81% 24.41% 23.52% 22.07% 21.01% 28.43%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 31.03% 32.44% 0.00% 27.96% 26.84% 24.81% 24.41% 23.52% 22.07% 21.01% 28.43%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 29.17% 24.84% 0.00% 32.58% 33.07% 34.82% 36.34% 36.22% 36.74% 38.03% 20.77%
Common Equity to Total Capital		 39.80% 42.73% 0.00% 39.46% 40.09% 40.37% 39.24% 40.26% 41.19% 40.97% 50.81%
Debt to EBITDA		 0.51 0.60 0.00 0.63 0.60 0.50 0.48 0.47 0.42 0.43 0.44
Net Debt to EBITDA		 0.07 0.17 0.00 0.00 -0.09 0.05 -0.07 -0.08 -0.17 -0.15 -0.13
Long-Term Debt to EBITDA		 0.51 0.60 0.00 0.63 0.60 0.50 0.48 0.47 0.42 0.43 0.44
Debt to NOPAT		 0.69 0.78 0.00 0.75 0.70 0.63 0.61 0.61 0.56 0.56 0.57
Net Debt to NOPAT		 0.09 0.22 0.00 0.01 -0.11 0.07 -0.09 -0.10 -0.23 -0.19 -0.17
Long-Term Debt to NOPAT		 0.69 0.78 0.00 0.75 0.70 0.63 0.61 0.61 0.56 0.56 0.57
Noncontrolling Interest Sharing Ratio		 37.73% 34.47% 0.00% 42.56% 43.90% 42.42% 48.08% 46.42% 46.30% 47.32% 39.53%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -21 59 613 -80 -30 -57 -753 -64 -55 -59 194
Operating Cash Flow to CapEx		 1,319.65% 183.29% 3,938.00% 4,564.54% 4,326.66% -414.86% 7,895.76% 3,948.18% 21,938.33% 8,187.67% 72,088.58%
Free Cash Flow to Firm to Interest Expense		 -8.83 0.00 0.00 0.00 0.00 0.00 0.00 -29.20 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 36.45 0.00 0.00 0.00 0.00 0.00 0.00 34.59 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 33.69 0.00 0.00 0.00 0.00 0.00 0.00 33.71 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.81 0.79 0.00 0.70 0.71 0.81 0.72 0.77 0.79 0.79 0.82
Fixed Asset Turnover		 24.89 23.26 0.00 20.91 20.55 22.45 23.87 24.10 26.36 27.12 27.88
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 642 614 0.00 712 742 803 816 847 903 949 702
Invested Capital Turnover		 1.74 1.59 0.00 1.48 1.41 1.50 2.68 1.44 1.45 1.36 1.56
Increase / (Decrease) in Invested Capital		 74 7.25 -559 142 101 189 816 135 161 146 -115
Enterprise Value (EV)		 2,171 2,187 0.00 3,159 2,996 3,485 3,927 3,590 3,733 3,648 3,225
Market Capitalization		 1,957 1,979 2,360 2,926 2,781 3,185 3,660 3,317 3,482 3,356 3,139
Book Value per Share		 $3.21 $3.29 $0.00 $3.51 $3.72 $4.05 $4.98 $4.24 $4.63 $4.84 $4.44
Tangible Book Value per Share		 $3.21 $3.29 $0.00 $3.51 $3.72 $4.05 $4.98 $4.24 $4.63 $4.84 $4.44
Total Capital		 642 614 0.00 712 742 803 816 847 903 949 702
Total Debt		 199 199 0.00 199 199 199 199 199 199 199 199
Total Long-Term Debt		 199 199 0.00 199 199 199 199 199 199 199 199
Net Debt		 26 56 0.00 1.49 -31 21 -29 -34 -80 -69 -60
Capital Expenditures (CapEx)		 6.71 3.27 3.07 1.36 1.84 2.36 1.86 1.92 0.51 0.45 0.22
Net Nonoperating Expense (NNE)		 0.00 0.00 -17 -11 -3.13 39 -23 0.00 1.78 0.00 1.63
Net Nonoperating Obligations (NNO)		 199 199 0.00 199 199 199 199 199 199 199 199
Total Depreciation and Amortization (D&A)		 2.18 2.29 2.31 2.42 2.50 2.56 2.50 2.54 2.74 2.47 2.60
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.65 $0.77 $0.00 $0.76 $0.76 $0.95 $0.84 $0.80 $1.03 $0.99 $0.82
Adjusted Weighted Average Basic Shares Outstanding		 62.62M 62.48M 0.00 63.50M 63.52M 63.45M 64.32M 64.96M 65.12M 64.90M 65.37M
Adjusted Diluted Earnings per Share		 $0.65 $0.77 $0.00 $0.76 $0.76 $0.95 $0.84 $0.80 $1.03 $0.99 $0.82
Adjusted Weighted Average Diluted Shares Outstanding		 62.63M 62.50M 0.00 63.52M 63.56M 63.49M 64.36M 65.00M 65.16M 64.94M 65.37M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 79.61M 79.46M 0.00 79.96M 79.96M 79.89M 80.37M 80.37M 80.36M 80.29M 80.66M
Normalized Net Operating Profit after Tax (NOPAT)		 52 66 55 62 70 132 63 71 106 88 79
Normalized NOPAT Margin		 23.55% 26.73% 23.25% 25.52% 28.03% 39.61% 23.81% 25.99% 33.39% 25.96% 27.23%
Pre Tax Income Margin		 30.17% 33.46% 38.48% 37.79% 35.09% 33.90% 40.83% 32.82% 40.58% 33.55% 33.57%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 27.69 0.00 0.00 0.00 0.00 0.00 0.00 41.01 0.00 0.00 0.00
NOPAT to Interest Expense		 21.61 0.00 0.00 0.00 0.00 0.00 0.00 32.47 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 24.93 0.00 0.00 0.00 0.00 0.00 0.00 40.14 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 18.85 0.00 0.00 0.00 0.00 0.00 0.00 31.60 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 97.18% 100.13% 81.15% 66.48% 61.98% 58.81% 58.94% 62.01% 58.87% 63.48% 72.19%
Augmented Payout Ratio		 97.18% 100.13% 81.15% 66.48% 61.98% 58.81% 58.94% 62.01% 58.87% 63.48% 72.19%

Key Financial Trends

Artisan Partners Asset Management (NYSE: APAM) has demonstrated consistent revenue and income growth over the last several years, with notable trends observed through the quarterly financial data from Q3 2022 through Q1 2025.

Positive Trends:

  • Revenue Growth: Total revenue increased steadily from approximately $222.8 million in Q3 2022 to around $290 million in Q1 2025, reflecting healthy business expansion.
  • Increasing Net Income: Net income attributable to common shareholders rose from about $44.2 million (Q3 2022) to $61.1 million (Q1 2025), reflecting profitability improvement.
  • Strong Non-Interest Income: Other non-interest income, a key component of Artisan's revenue, showed growth from $234.3 million (Q3 2022) to $277.1 million (Q1 2025), supporting diversified income streams.
  • Efficient Operating Cash Flow: Net cash from operating activities was robust in recent quarters, reaching $157.9 million in Q1 2025, indicating solid cash generation abilities.
  • Stable Equity Base: Total common equity increased from about $255.4 million (Q3 2022) to $356.5 million (Q1 2025), supporting financial stability and potential for shareholder returns.
  • Dividend Growth: Cash dividends per common share rose steadily, e.g., from $0.60 in Q2 2023 to $1.34 in Q1 2025, reflecting confidence in ongoing profitability and shareholder value commitment.
  • Moderate Expense Management: Despite rising revenues, total non-interest expenses increased at a slower pace, indicating operational efficiency.

Neutral Items:

  • Net Interest Income is a small but fluctuating portion of total revenue, sometimes near zero or slightly positive, reflecting the asset management business model.
  • Non-operating income/expense has shown periodic fluctuations, including occasional negative impacts, but these are relatively small to the total financial picture.
  • Debt Levels: Long-term debt remained stable around $199 million across the quarters, a factor to watch but currently manageable given equity levels.

Potential Concerns / Negative Trends:

  • Volatility in Net Realized and Unrealized Capital Gains: These gains vary significantly quarter to quarter, e.g., negative $9 million in Q3 2022 but positive larger gains in other quarters, which can impact quarterly earnings consistency.
  • Fluctuating Non-Controlling Interest Impact: The net income attributable to noncontrolling interests varies and sometimes reduces income available to common shareholders by a notable amount.
  • Decreased Liquidity in Some Quarters: Occasional negative net changes in cash & equivalents, such as Q4 2023 and Q4 2022, may indicate temporary liquidity pressures that warrant monitoring.

Summary: Artisan Partners Asset Management shows a stable and growing revenue and income base with strong cash flow generation and a commitment to increasing dividends. Their diversified non-interest income supports resilience, though earnings can be impacted by capital gains volatility. Debt levels are stable, and equity growth lends financial strength. Overall, the company appears well-positioned for continued performance, but investors should watch earnings volatility related to capital gains and monitor liquidity trends.

08/25/25 01:37 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Artisan Partners Asset Management's Financials

When does Artisan Partners Asset Management's financial year end?

According to the most recent income statement we have on file, Artisan Partners Asset Management's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Artisan Partners Asset Management's net income changed over the last 9 years?

Artisan Partners Asset Management's net income appears to be on an upward trend, with a most recent value of $349.65 million in 2024, rising from $212.11 million in 2015. The previous period was $311.80 million in 2023. See where experts think Artisan Partners Asset Management is headed by visiting Artisan Partners Asset Management's forecast page.

How has Artisan Partners Asset Management's revenue changed over the last 9 years?

Over the last 9 years, Artisan Partners Asset Management's total revenue changed from $781.96 million in 2015 to $1.19 billion in 2024, a change of 52.8%.

How much debt does Artisan Partners Asset Management have?

Artisan Partners Asset Management's total liabilities were at $868.84 million at the end of 2024, a 8.3% increase from 2023, and a 4.8% increase since 2015.

How much cash does Artisan Partners Asset Management have?

In the past 9 years, Artisan Partners Asset Management's cash and equivalents has ranged from $143.25 million in 2022 to $268.22 million in 2024, and is currently $268.22 million as of their latest financial filing in 2024.

How has Artisan Partners Asset Management's book value per share changed over the last 9 years?

Over the last 9 years, Artisan Partners Asset Management's book value per share changed from 1.77 in 2015 to 4.84 in 2024, a change of 173.2%.


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This page (NYSE:APAM) was last updated on 8/25/2025 by MarketBeat.com Staff
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