APAMNYSEInvestment AdviceFiscal year ends December 31
Artisan Partners Asset Management Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$32.03−0.26 (-0.81%)
Close on Oct 19, 2026
- Market cap
- $2.13B
- P/E (TTM)
- 7.8
- Dividend yield
- 11.33%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
33.4%−6.4 pts over 5 years
Net margin
24.3%+0.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.6% | +6.4% | +5.9% | +4.0% | |
| Operating income | +9.0% | +5.1% | +2.2% | +3.5% | |
| Net income | +11.8% | +12.0% | +6.4% | +13.5% | |
| EPS, diluted | +10.7% | +11.3% | +3.6% | +8.1% | |
| Free cash flow | -53.8% | -17.5% | -11.5% | -6.0% | |
| Dividend per share | +14.9% | -0.4% | +1.4% | +0.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 55.8% | 135.7% | 70.1% | |
| Return on assets | 7.8% | 20.4% | 18.2% | |
| Interest coverage | 20.1× | 33.2× | 46.7× | |
| Capex to revenue | 0.4% | 0.2% | 0.0% | |
| Diluted shares | 38M | 56M | 66M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Artisan Partners Asset Management generated $1.51B from operations and spent $1.20B on capital expenditure, dividends and share buybacks. 1% of that went back into the business.
Generated
$1.51B
Used
$1.20B
Capital expenditure$13.27M1%Dividends$1.19B99%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin24.3%
×Asset turnover0.75×
×Equity multiplier3.86×
=Return on equity, FY202570.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 24.3% | 0.75× | 3.86× | 70.1% |
| FY2024 | 23.4% | 0.74× | 4.24× | 72.9% |
| FY2023 | 22.8% | 0.74× | 4.50× | 75.8% |
| FY2022 | 20.8% | 0.81× | 4.54× | 76.8% |
| FY2021 | 27.4% | 1.04× | 5.17× | 147.4% |
| FY2020 | 23.6% | 0.86× | 6.65× | 135.7% |
| FY2019 | 19.6% | 0.92× | 6.49× | 116.8% |
| FY2018 | 19.1% | 1.01× | 6.70× | 129.2% |
| FY2017 | 6.2% | 0.90× | 7.34× | 41.1% |
| FY2016 | 10.1% | 0.77× | 7.19× | 55.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$290.32M
- Cash generatingOperating cash flow above zero$171.99M
- Return on assets improvedROA up on the prior year18.5% → 17.9%
- Earnings backed by cashOperating cash flow above net income$171.99M vs $290.32M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise65M → 66M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.79 → 0.74