Artisan Partners Asset Management Inc. APAM
Founded in 1994, Artisan is a global multi-asset investment platform focused on providing high value-added active investment strategies in growing asset classes to sophisticated clients around the world. Since our founding, we have maintained a business model that is designed to maximize our ability to produce attractive investment results for our clients, and we believe this model has contributed to our success in doing so. We focus on attracting, retaining and developing talented investment professionals by creating an environment in which each investment team is provided ample resources and support, transparent and direct financial incentives, a high degree of investment autonomy, and a long-term time horizon. Each of our investment teams is led by one or more experienced portfolio managers and applies its own unique investment philosophy and process. We believe this autonomous investment team structure promotes independent analysis and accountability among our investment professionals, which we believe promotes superior investment results.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.11B | $975.1M | $993.3M | $1.23B | $899.6M | $799.0M | $828.6M | $795.6M | $720.9M |
| Total operating expenses | $797.1M | $745.2M | $671.5M | $649.2M | $686.7M | $541.2M | $515.5M | $523.7M | $509.2M | $486.6M |
| Operating income | $399.6M | $366.6M | $303.6M | $344.1M | $540.5M | $358.3M | $283.5M | $304.9M | $286.4M | $234.2M |
| Interest expense | $8.6M | $8.6M | $8.6M | $9.9M | $10.8M | $10.8M | $11.1M | $11.2M | $11.4M | $11.7M |
| Pre-tax income | $489.1M | $440.6M | $383.7M | $311.8M | $551.5M | $369.3M | $269.3M | $301.8M | $571.2M | $224.5M |
| Income tax | $111.3M | $90.9M | $71.9M | $63.5M | $107.0M | $60.8M | $27.8M | $47.6M | $420.5M | $51.5M |
| Net income | $290.3M | $259.7M | $222.3M | $206.8M | $336.5M | $212.6M | $156.5M | $158.3M | $49.6M | $73.0M |
| EPS, basic | 4.05 | 3.66 | 3.19 | 2.94 | 5.10 | 3.40 | 2.65 | 2.84 | — | — |
| EPS, diluted | 4.05 | 3.66 | 3.19 | 2.94 | 5.09 | 3.40 | 2.65 | 2.84 | 0.75 | 1.57 |
| Shares, diluted (wtd. avg.) | 65.6M | 64.9M | 63.5M | 62.5M | 59.9M | 55.6M | 51.1M | 48.9M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $255.5M | $268.2M | $178.5M | $143.2M | $200.8M | $199.4M | $144.3M | $175.5M | $159.8M | $157.4M |
| Property, plant and equipment | $33.0M | $41.5M | $46.6M | $48.1M | $35.3M | $35.9M | $39.5M | $29.1M | $21.0M | $20.0M |
| Total assets | $1.58B | $1.62B | $1.41B | $1.23B | $1.21B | $1.15B | $933.6M | $805.0M | $837.2M | $936.2M |
| Long-term debt | $190.0M | $200.0M | $200.0M | $200.0M | — | — | — | — | — | — |
| Total liabilities | $794.9M | $868.8M | $802.1M | $820.0M | $801.1M | $867.2M | $752.0M | $630.2M | $666.5M | $818.5M |
| Retained earnings | $203.4M | $170.0M | $132.1M | $93.1M | $134.9M | $72.9M | $44.5M | $38.6M | -$37.9M | $13.4M |
| Total equity | $438.8M | $388.9M | $351.4M | $279.4M | $296.0M | $191.0M | $138.5M | $140.5M | $108.1M | $117.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $172.0M | $372.8M | $253.0M | $312.6M | $398.6M | $318.7M | $292.8M | $333.3M | $226.0M | $270.4M |
| Depreciation and amortisation | $9.4M | $9.9M | $9.3M | $7.8M | $6.9M | $6.6M | $6.2M | $5.7M | $5.3M | $5.3M |
| Stock-based compensation | $27.4M | $31.3M | $32.2M | $40.0M | $39.2M | $36.5M | $42.1M | $52.9M | — | — |
| Capital expenditure | $371.0K | $1.6M | $2.3M | $6.6M | $2.4M | $2.0M | $3.5M | $2.8M | $1.6M | $2.9M |
| Investing cash flow | $35.2M | -$24.9M | -$38.2M | -$63.7M | -$27.0M | $18.8M | -$17.5M | -$14.3M | -$4.7M | -$2.3M |
| Financing cash flow | -$183.0M | -$254.2M | -$175.0M | -$306.4M | -$335.4M | -$282.2M | -$306.6M | -$263.5M | -$218.9M | -$277.7M |
| Dividends paid | $257.1M | $222.0M | $183.4M | $248.7M | $274.7M | $203.0M | $188.2M | $167.8M | $131.0M | $115.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001517302-26-000079.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $720.9M | $795.6M | $828.6M | $799.0M | $899.6M | $1.23B | $993.3M | $975.1M | $1.11B | $1.20B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $73.0M | $49.6M | $158.3M | $156.5M | $212.6M | $336.5M | $206.8M | $222.3M | $259.7M | $290.3M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event Item 8.01
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Results announced Item 2.02
- Other event Item 8.01
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Other event Item 8.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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