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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $507M | $290M | $171M | 66.2% | 7.6% | 11.8% |
| 2024 | $1.1B | $459M | $260M | $368M | 66.8% | 14.0% | 16.9% |
| 2023 | $975M | $402M | $222M | $244M | 68.6% | -1.8% | 7.5% |
| 2022 | $993M | $330M | $207M | $293M | 78.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 993.28 | 975.13 | 1,111.80 | 1,196.69 |
| Cost Of Revenue | - | 510.38 | 529.40 | 594.12 | 649.58 |
| Gross Profit | - | 482.90 | 445.74 | 517.68 | 547.11 |
| Operating Expense | - | 138.81 | 142.14 | 151.05 | 147.48 |
| Operating Income | - | 344.10 | 303.59 | 366.63 | 399.63 |
| EBITDA | - | 329.54 | 401.61 | 459.02 | 507.06 |
| EBIT | - | 321.75 | 392.26 | 449.16 | 497.68 |
| Pretax Income | - | 311.83 | 383.69 | 440.55 | 489.13 |
| Tax Provision | - | 63.45 | 71.89 | 90.90 | 111.25 |
| Net Income | - | 206.76 | 222.29 | 259.75 | 290.32 |
| Net Income Common Stockholders | - | 183.95 | 202.41 | 237.44 | 265.87 |
| Total Expenses | - | 649.19 | 671.54 | 745.17 | 797.06 |
| Interest Expense | - | 9.91 | 8.57 | 8.61 | 8.55 |
| Interest Income | - | 0.33 | 6.30 | 9.61 | 9.36 |
| Selling General And Administration | - | 138.81 | 142.14 | 151.05 | 147.48 |
| Normalized EBITDA | - | 353.14 | 319.75 | 385.60 | 418.93 |
| Normalized Income | - | 225.56 | 155.76 | 201.45 | 222.19 |
| Market Cap | 2,682.13 | 2,682.13 | 2,682.13 | 2,682.13 | 2,682.13 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Artisan Partners Asset Management Inc.this co. | APAM | $2.7B | 9.24↓ discount | 6.11 | 66.2% | 5.40 |
| CorVel Corporation | CRVL | $2.9B | 30.87 | 9.12 | 29.6% | 18.59 |
| First Financial Bancorp. | FFBC | $2.9B | 12.55 | 1.16 | 9.2% | - |
| The Western Union Company | WU | $2.9B | 5.58 | 2.91 | 52.2% | 4.56 |
| SiriusPoint Ltd. |
| 2021 | - | - | - | - | - | - | - |
| SPNT |
| $2.9B |
| 6.05 |
| 1.22 |
| 20.2% |
| - |
| Seacoast Banking Corporation of Florida | SBCF | $2.8B | 21.13 | 1.13 | 5.3% | - |
| Merchants Bancorp | MBIN | $2.8B | 10.29 | 1.30 | 12.6% | - |
| The Bancorp, Inc. | TBBK | $2.6B | 10.71 | 3.54 | 33.1% | - |
| Acadian Asset Management Inc. | AAMI | $2.5B | 30.27 | 39.96 | 132.0% | 14.22 |
| Peer Median | - | 11.63 | 2.11 | 24.9% | 14.22 | |