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← CockpitCompetitor Analysis › APAM Artisan Partners Asset Management, Inc. Class AOpen in the cockpit ↗

Artisan Partners Asset Management, Inc. Class AAPAMCompetitor analysis, valuation and peers

United States · USD·Financials›Investment Managers

Active asset manager running multiple autonomous investment teams across equity, fixed income and alternative strategies.

Momentum strong 63
Mkt cap
$3.17B
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$45.5M
20-day average traded
Fwd P/E
10.6×
forward earnings
ROIC−WACC
n/a
WACC 12.8%
Hurdle
n/a
no reverse DCF
Next earnings
88 days
2 Feb 2027
Close · USD$39.13
1D-1.6%
1W+7.0%
1M+16.3%
3M-7.3%
6M+2.9%
YTD-4.0%
1Y-12.3%
ATR %3.2%
Beta0.77
52w lowhigh15.9% off high

What Artisan Partners Asset Management does

Active asset manager running multiple autonomous investment teams across equity, fixed income and alternative strategies.

Earns management fees as a share of assets under management, plus performance fees on some strategies, so earnings track market levels and flows. Each investment team runs separately with its own culture.

Products and services

  • Equity strategies
  • Fixed income strategies
  • Alternative strategies

Customers

  • Institutional investors
  • Retail fund investors/financial advisors

Where it sits in the supply chain

  • Asset management
  • Multi-boutique active investment…
  • Institutional and retail investors

What could go right

  • Strong-performing strategy asset inflows
  • Alternatives allocation growth

What could go wrong

  • Active management fee/flow pressure from passive
  • Investment team key-person risk

Moat: narrow (brand, process know-how). Autonomous, high-conviction investment teams with strong track records attract institutional mandates despite active-management fee pressure.

Headquarters: Milwaukee, Wisconsin, United States · Founded: 1994 · Employees: 567

Named competitors

Artisan Partners Asset Management at a glance

Size Artisan Partners Asset Management (APAM) is a United States Financials company (Investment Managers) with a market value of $3.17B, the 1506th largest of 3,117 United States companies the cockpit tracks. Shares closed at $39.13 on 6 Nov 2026.

Performance Over six months the shares gained 2.9%, against +1.3% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 5.8% over the last twelve months (peer median +19.3%); the operating margin is 35.7% (peer median 28.2%).

Valuation It trades at 10.6× forward earnings against a peer median of 19.2× (3rd cheapest of 19).

Short interest Short interest is 4.1% of the free float (15 Oct 2026).

Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026APAM 104Peer median 102
Six months, rebased to 100: Artisan Partners Asset Management against the median of its 20 peers (local-currency closes).

Artisan Partners Asset Management financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.31B$1.29B$1.18B$1.06B$984M
Revenue growth—+8%+12%+7%—
EBITDA$475M$498M$449M$395M$333M
Net income$280M$266M$237M$202M$184M
Free cash flow$454M$420M$464M$369M$417M
Capital expenditure$2.90M$677,000$4.75M$8.63M$19.6M
Total debt$313M$310M$301M$313M$320M

Quarterly statements and history in the cockpit →

Artisan Partners Asset Management competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%ABAAMITKOQLT000750NWLAJBMANTASIIWT1788002797NUVAMA600906AMPRFCNSGCMGPNIANIMAPAM6-month return →1-month return →
Up and to the right = strong over both horizons. Artisan Partners Asset Management is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%+200%10×20×30×AAMITKOQLTNWLAJBMANTASIIWT002797NUVAMA600906AMPRFGCMGANIMAPAMRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Artisan Partners Asset Management is the large dot.

Artisan Partners Asset Management competitors and peer comparison

Head to head with its named competitors (APAM vs TROW vs AB vs AMG)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Artisan Partners Asset Management APAM$3.17B+3%+6%36%10.6×n/a
T. Rowe Price TROW$23.1B+4%+7%36%10.8×n/a
AllianceBernstein Holding L.P AB$3.14B-13%n/an/a9.6×n/a
Affiliated Managers AMG$9.39B+20%+12%22%9.1×n/a

How Artisan Partners Asset Management compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Artisan Partners Asset Management against its 20 peers (data as of 6 Nov 2026)
MeasureAPAMPeer medianRank in peer set
1-month return+16.3%-1.3%highest of 21
6-month return+2.9%+1.3%8th highest of 21
Distance from 52-week high-15.9%-18.8%9th highest of 21
Revenue growth (TTM)+5.8%+19.3%5th lowest of 20
Operating margin35.7%28.2%7th highest of 20
Forward P/E10.6×19.2×3rd cheapest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Artisan Partners Asset Management APAMUnited States$3.17B+3%+6%36%10.6×n/an/a
AllianceBernstein Holding L.P ABUnited States$3.14B-13%n/an/a9.6×n/an/a
Acadian Asset Management AAMIUnited States$3.23B+33%+25%27%15.4×n/an/a
Tikehau Capital SCA TKO.PAFrance$3.24B-10%+32%31%10.7×n/an/a
Quilter QLT.LUnited Kingdom$3.30B+5%+191%3%15.0×n/an/a
Sealand Securities 000750.SZChina$3.30B-12%+2%22%n/an/an/a
Netwealth NWL.AXAustralia$3.31B-13%+21%46%34.1×n/an/a
AJ Bell AJB.LUnited Kingdom$3.04B+13%+19%42%19.2×n/an/a
Mandatum MANTA.HEFinland$3.33B-10%+60%8%23.7×n/an/a
Sprott SII.TOCanada$2.96B-17%+88%38%25.6×n/an/a
WisdomTree WTUnited States$2.94B+2%+45%40%15.4×n/an/a
Guotai Junan International 1788.HKHong Kong$3.58B+10%+43%65%n/an/an/a
First Capital Securities 002797.SZChina$3.61B-24%-6%22%21.1×n/an/a
Nuvama Wealth Management NUVAMA.NSIndia$3.61B+25%+13%29%26.2×n/an/a
Caida Securities 600906.SSChina$2.78B-11%+10%36%19.7×n/an/a
AMP AMP.AXAustralia$3.69B+46%-5%-1%15.7×n/an/a
Eurazeo RF.PAFrance$3.70B+2%+18%-2%28.7×n/an/a
Cohen & Steers CNSUnited States$3.76B+1%+13%33%20.1×n/an/a
GCM Grosvenor GCMGUnited States$2.57B+11%+8%28%12.6×n/an/a
Pinnacle Investment Management PNI.AXAustralia$2.54B+2%+22%10%19.2×n/an/a
ANIMA ANIM.MIItaly$2.42B-5%+1%28%7.6×n/an/a

Questions

Who are Artisan Partners Asset Management's main competitors?
Named competitors: T. Rowe Price (TROW), Janus Henderson (private or unlisted), AllianceBernstein Holding (AB), Affiliated Managers Group (AMG). The cockpit's measured peer set (industry) also includes AllianceBernstein Holding L.P (AB), Acadian Asset Management (AAMI), Tikehau Capital SCA (TKO.PA), Quilter (QLT.L), Sealand Securities (000750.SZ), Netwealth (NWL.AX).
Is Artisan Partners Asset Management expensive compared with its peers?
On forward p/e it trades at 10.6× against a peer median of 19.2×, 3rd cheapest of 19 in its peer set.
How has Artisan Partners Asset Management stock performed?
Over six months to 6 Nov 2026 the shares returned +2.9% against +1.3% for the median peer; over one year -12.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.