Active asset manager running multiple autonomous investment teams across equity, fixed income and alternative strategies.
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.
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
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req 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/a | n/a | 9.6× | n/a |
| Affiliated Managers AMG | $9.39B | +20% | +12% | 22% | 9.1× | n/a |
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.
| Measure | APAM | Peer median | Rank 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 margin | 35.7% | 28.2% | 7th highest of 20 |
| Forward P/E | 10.6× | 19.2× | 3rd cheapest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Artisan Partners Asset Management APAM | United States | $3.17B | +3% | +6% | 36% | 10.6× | n/a | n/a |
| AllianceBernstein Holding L.P AB | United States | $3.14B | -13% | n/a | n/a | 9.6× | n/a | n/a |
| Acadian Asset Management AAMI | United States | $3.23B | +33% | +25% | 27% | 15.4× | n/a | n/a |
| Tikehau Capital SCA TKO.PA | France | $3.24B | -10% | +32% | 31% | 10.7× | n/a | n/a |
| Quilter QLT.L | United Kingdom | $3.30B | +5% | +191% | 3% | 15.0× | n/a | n/a |
| Sealand Securities 000750.SZ | China | $3.30B | -12% | +2% | 22% | n/a | n/a | n/a |
| Netwealth NWL.AX | Australia | $3.31B | -13% | +21% | 46% | 34.1× | n/a | n/a |
| AJ Bell AJB.L | United Kingdom | $3.04B | +13% | +19% | 42% | 19.2× | n/a | n/a |
| Mandatum MANTA.HE | Finland | $3.33B | -10% | +60% | 8% | 23.7× | n/a | n/a |
| Sprott SII.TO | Canada | $2.96B | -17% | +88% | 38% | 25.6× | n/a | n/a |
| WisdomTree WT | United States | $2.94B | +2% | +45% | 40% | 15.4× | n/a | n/a |
| Guotai Junan International 1788.HK | Hong Kong | $3.58B | +10% | +43% | 65% | n/a | n/a | n/a |
| First Capital Securities 002797.SZ | China | $3.61B | -24% | -6% | 22% | 21.1× | n/a | n/a |
| Nuvama Wealth Management NUVAMA.NS | India | $3.61B | +25% | +13% | 29% | 26.2× | n/a | n/a |
| Caida Securities 600906.SS | China | $2.78B | -11% | +10% | 36% | 19.7× | n/a | n/a |
| AMP AMP.AX | Australia | $3.69B | +46% | -5% | -1% | 15.7× | n/a | n/a |
| Eurazeo RF.PA | France | $3.70B | +2% | +18% | -2% | 28.7× | n/a | n/a |
| Cohen & Steers CNS | United States | $3.76B | +1% | +13% | 33% | 20.1× | n/a | n/a |
| GCM Grosvenor GCMG | United States | $2.57B | +11% | +8% | 28% | 12.6× | n/a | n/a |
| Pinnacle Investment Management PNI.AX | Australia | $2.54B | +2% | +22% | 10% | 19.2× | n/a | n/a |
| ANIMA ANIM.MI | Italy | $2.42B | -5% | +1% | 28% | 7.6× | n/a | n/a |