Artisan Partners Asset Management Inc. (APAM)

APAM Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,125	1,112	975.13	993.29	1,227	899.57
Revenue Growth (YoY)	11.90%	14.02%	-1.83%	-19.06%	36.43%	12.59%
Cost of Revenue	599.01	593.73	529	509.98	562.54	435.3
Gross Profit	525.59	518.07	446.13	483.3	664.7	464.27
Selling, General & Admin	149.09	150.46	142.54	137.79	124.21	105.07
Operating Expenses	149.09	150.46	142.54	137.79	124.21	105.07
Operating Income	376.5	367.61	303.59	345.51	540.49	359.2
Interest Expense	-8.6	-8.61	-8.57	-9.91	-10.8	-10.8
Interest & Investment Income	9.78	9.61	6.3	0.33	0.56	0.31
Other Non Operating Income (Expenses)	-0.5	-0.5	0.51	0.91	0.36	-4.67
EBT Excluding Unusual Items	377.17	368.11	301.83	336.84	530.61	344.02
Gain (Loss) on Sale of Investments	53.03	73.43	81.87	-23.6	20.95	26.15
Asset Writedown	-0.98	-0.98	-	-1.41	-	-0.87
Pretax Income	429.23	440.55	383.69	311.84	551.55	369.3
Income Tax Expense	88.94	90.9	71.89	63.45	107.03	60.8
Earnings From Continuing Operations	340.28	349.65	311.8	248.39	444.52	308.5
Minority Interest in Earnings	-78.88	-89.9	-89.52	-41.63	-108.01	-95.89
Net Income	261.41	259.75	222.29	206.76	336.52	212.62
Preferred Dividends & Other Adjustments	24.14	22.3	19.88	22.8	31.43	23.27
Net Income to Common	237.27	237.45	202.41	183.95	305.09	189.35
Net Income Growth	13.15%	16.85%	7.51%	-38.56%	58.27%	35.83%
Shares Outstanding (Basic)	65	65	63	62	60	56
Shares Outstanding (Diluted)	65	65	63	62	60	56
Shares Change (YoY)	2.24%	2.29%	1.58%	4.37%	7.63%	8.82%
EPS (Basic)	3.64	3.66	3.19	2.94	5.10	3.40
EPS (Diluted)	3.64	3.66	3.19	2.94	5.09	3.40
EPS Growth	10.09%	14.69%	8.50%	-42.24%	49.71%	28.40%
Free Cash Flow	380.58	368.09	244.4	293.05	392.58	315.58
Free Cash Flow Per Share	5.84	5.67	3.85	4.69	6.56	5.67
Dividend Per Share	3.050	2.980	2.440	2.470	3.980	3.080
Dividend Growth	19.61%	22.13%	-1.21%	-37.94%	29.22%	24.19%
Gross Margin	46.73%	46.60%	45.75%	48.66%	54.16%	51.61%
Operating Margin	33.48%	33.06%	31.13%	34.78%	44.04%	39.93%
Profit Margin	21.10%	21.36%	20.76%	18.52%	24.86%	21.05%
Free Cash Flow Margin	33.84%	33.11%	25.06%	29.50%	31.99%	35.08%
EBITDA	386.47	377.47	312.94	353.31	547.42	365.82
EBITDA Margin	34.37%	33.95%	32.09%	35.57%	44.61%	40.67%
D&A For EBITDA	9.97	9.86	9.35	7.8	6.93	6.63
EBIT	376.5	367.61	303.59	345.51	540.49	359.2
EBIT Margin	33.48%	33.06%	31.13%	34.78%	44.04%	39.93%
Effective Tax Rate	20.72%	20.63%	18.74%	20.35%	19.41%	16.46%
Revenue as Reported	1,125	1,112	975.13	993.29	1,227	899.57

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q