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Artisan Partners Asset Management Inc. logo

Artisan Partners Asset Management Inc.

APAM

NYSEFinancial ServicesAsset Management

Open in GoAI

Previous close

$42.26

+$0.21 · +0.50%

Aug 21, 4:00 PM ET

APAM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

60

Fair Value

Momentum

39

Weakening

Sentiment

60

Mixed

Risk resilience

55

Elevated Risk

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Company profile

Company website

Artisan Partners Asset Management Inc. (APAM) operates as a publicly traded investment management firm. It offers investment services to a diverse clientele, including various institutional investors like pension plans, endowments, foundations, charitable organizations, and government entities, as well as managing assets for private, mutual, and collective funds, both domestically and internationally. The firm specializes in creating and managing individualized equity and fixed income portfolios for its clients. Its investment approach spans public equity and fixed income markets worldwide. Within equities, Artisan Partners targets both growth and value opportunities across companies of all market capitalizations. For fixed income, the firm's strategy includes investments in non-investment grade corporate bonds and various secured and unsecured loans. A core tenet of its portfolio construction is the application of fundamental analysis. Established in 1994, Artisan Partners is headquartered in Milwaukee, Wisconsin, and maintains additional operational bases in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Jason A. Gottlieb
Listed since
Mar 7, 2013
Employees
567

Market position

Day range

Current $42.26

52-week range

Current $42.26

Open
$42.24
Previous close
$42.05
Volume
342.77K
0.41× average
Average volume
828.44K
Average daily volume
Market cap
3B USD
Beta
1.65
Market reference 1
50-day average
$38.6958
+9.21% above average
200-day average
$39.6647
+6.54% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.83B USD
P/E (TTM)
9.97×
P/B (TTM)
6.51×
P/S (TTM)
2.11×
EV / EBITDA
5.78×
Earnings yield
10.86%
Free cash flow yield
6.41%
Dividend yield
9.54%

Profitability & efficiency

Gross margin
62.70%
Operating margin
30.04%
Net margin
21.13%
Return on equity
66.16%
Return on assets
18.41%
Return on invested capital
19.57%

Financial health

Debt / equity
0.68×
Current ratio
20.33×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends57%44%31%17%Gross margin, FY2021: 54.12%Gross margin, FY2022: 48.61%Gross margin, FY2023: 45.71%Gross margin, FY2024: 46.56%Gross margin, FY2025: 45.72%Operating margin, FY2021: 44.04%Operating margin, FY2022: 34.64%Operating margin, FY2023: 31.13%Operating margin, FY2024: 32.98%Operating margin, FY2025: 33.39%Net margin, FY2021: 27.42%Net margin, FY2022: 20.82%Net margin, FY2023: 22.80%Net margin, FY2024: 23.36%Net margin, FY2025: 24.26%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 54.12%. Gross margin FY2022 48.61%. Gross margin FY2023 45.71%. Gross margin FY2024 46.56%. Gross margin FY2025 45.72%. Operating margin FY2021 44.04%. Operating margin FY2022 34.64%. Operating margin FY2023 31.13%. Operating margin FY2024 32.98%. Operating margin FY2025 33.39%. Net margin FY2021 27.42%. Net margin FY2022 20.82%. Net margin FY2023 22.80%. Net margin FY2024 23.36%. Net margin FY2025 24.26%.

Income trends

Revenue

1.2B USD+7.63%

Operating income

399.63M USD+9.00%

Net income

290.32M USD+11.77%
Income trends across reported periods1.33B USD921.09M USD512.9M USD104.71M USDRevenue, FY2021: 1.23B USDRevenue, FY2022: 993.29M USDRevenue, FY2023: 975.13M USDRevenue, FY2024: 1.11B USDRevenue, FY2025: 1.2B USDOperating income, FY2021: 540.49M USDOperating income, FY2022: 344.1M USDOperating income, FY2023: 303.59M USDOperating income, FY2024: 366.63M USDOperating income, FY2025: 399.63M USDNet income, FY2021: 336.52M USDNet income, FY2022: 206.76M USDNet income, FY2023: 222.29M USDNet income, FY2024: 259.75M USDNet income, FY2025: 290.32M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.23B USD. Revenue FY2022 993.29M USD. Revenue FY2023 975.13M USD. Revenue FY2024 1.11B USD. Revenue FY2025 1.2B USD. Operating income FY2021 540.49M USD. Operating income FY2022 344.1M USD. Operating income FY2023 303.59M USD. Operating income FY2024 366.63M USD. Operating income FY2025 399.63M USD. Net income FY2021 336.52M USD. Net income FY2022 206.76M USD. Net income FY2023 222.29M USD. Net income FY2024 259.75M USD. Net income FY2025 290.32M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.2B USD1.11B USD975.13M USD993.29M USD1.23B USD
Cost of goods sold649.58M USD594.13M USD529.4M USD510.4M USD563.05M USD
Gross profit547.1M USD517.68M USD445.74M USD482.89M USD664.18M USD
Selling, general, and administrative147.48M USD151.05M USD142.14M USD138.8M USD124.21M USD
Operating expenses147.48M USD151.05M USD142.14M USD138.8M USD123.69M USD
Interest income11.85M USD9.61M USD6.3M USD333K USD559K USD
Interest expense8.55M USD8.61M USD8.57M USD9.91M USD10.8M USD
Depreciation and amortization9.3M USD9.86M USD9.35M USD7.8M USD6.93M USD
Operating income399.63M USD366.63M USD303.59M USD344.1M USD540.49M USD
Net income290.32M USD259.75M USD222.29M USD206.76M USD336.52M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+3.62%
11 comparable reports
Latest EPS result
0.94
Estimate 0.91 · Beat by 2.96%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.311.110.910.71Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 1.05, estimate 0.96, surprise +9.38%, Beat. Q2 2025, reported Apr 29, 2025: actual 0.83, estimate 0.76, surprise +9.21%, Beat. Q3 2025, reported Jul 29, 2025: actual 0.83, estimate 0.82, surprise +1.22%, Beat. Q4 2025, reported Oct 28, 2025: actual 1.02, estimate 0.97, surprise +5.15%, Beat. Q1 2026, reported Feb 3, 2026: actual 1.26, estimate 1.11, surprise +13.51%, Beat. Q2 2026, reported Apr 28, 2026: actual 0.87, estimate 0.91, surprise -4.40%, Miss. Q3 2026, reported Jul 28, 2026: actual 0.94, estimate 0.913, surprise +2.96%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 1, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates348.92M318.77M288.63M258.48MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 297.05M USD, estimate 292.7M USD, surprise +1.49%, Beat. Q2 2025, reported Apr 29, 2025: actual 288M USD, estimate 278.8M USD, surprise +3.30%, Beat. Q3 2025, reported Jul 29, 2025: actual 271.9M USD, estimate 300.42M USD, surprise -9.49%, Miss. Q4 2025, reported Oct 28, 2025: actual 301.29M USD, estimate 322.13M USD, surprise -6.47%, Miss. Q1 2026, reported Feb 3, 2026: actual 335.5M USD, estimate 323.83M USD, surprise +3.61%, Beat. Q2 2026, reported Apr 28, 2026: actual 303M USD, estimate 304.01M USD, surprise -0.33%, Miss. Q3 2026, reported Jul 28, 2026: actual 307.9M USD, estimate 301.32M USD, surprise +2.18%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 311.61M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$40.00

5.35% downside
Past 12 months12-month forecastHigh $44.00Average $40.00Low $36.00

Rating distribution

15 ratings
Strong buy00%
Buy533%
Hold853%
Sell213%
Strong sell00%

APAM peers

Berkshire Hathaway Inc. logo

BRK-B

Berkshire Hathaway Inc.

$495.82

-0.21%

Berkshire Hathaway Inc. logo

BRK-A

Berkshire Hathaway Inc.

$743,500

-0.15%

JPMorgan Chase & Co. logo

JPM

JPMorgan Chase & Co.

$351.58

+0.01%

Visa Inc. logo

V

Visa Inc.

$371.04

+1.45%

Mastercard Incorporated logo

MA

Mastercard Incorporated

$580.63

+1.18%

Bank of America Corporation logo

BAC

Bank of America Corporation

$61.69

-0.27%

ETFs holding APAM

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
178.96M
Weight
0.16%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
84.27M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Schwab U.S. Dividend Equity ETF logoSchwab U.S. Dividend Equity ETFSCHD
Market value
81.17M
Weight
0.07%
AUM
112B USD
Expense ratio
0.06%
Price / 1D
$35.11+0.80%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
69.46M
Weight
0.09%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
60.86M
Weight
0.03%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
38.64M
Weight
0.06%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
32.07M
Weight
0.03%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
28.04M
Weight
0.16%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%

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