Artisan Partners Asset Management

APAM

Asset Management · Financial Services

Price

$42.26

+0.21 (+0.50%)

Market Cap

$3.00B

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Strong

Cash Flow

Good

Stability

Good

Valuation

Good

Dividends

Exceptional

Track this stock — start free trial

Share count rising — dilution

+9.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 59.9M (2021) → 65.6M (2025)

Winston Score History

The full picture

Artisan Partners is an investment management firm that manages money on behalf of other people and institutions. Its main customers are pension funds, endowments, foundations, and wealthy individuals who pay Artisan to invest their money in stocks and bonds. The firm runs a collection of independent investment teams, each focused on a specific strategy, such as global equities or fixed income.

Artisan makes money by charging fees based on a percentage of the assets it manages — the more money clients have invested, the more revenue Artisan earns. It operates primarily in the United States but attracts clients globally, and manages roughly $160 billion in assets under management. Its main competitive advantage is its boutique model, where autonomous investment teams have significant freedom, which helps attract and retain skilled portfolio managers. The key risk is that poor investment performance or a broad market downturn could cause clients to withdraw funds, directly shrinking the fee base.

Politician Trades

4 trades / 12mo

2 Congressional buys and 2 sells on APAM in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+68.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+8.5% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

2.9%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$581M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Artisan Partners Asset Management grew revenue 68% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

23.6%

Thin — 23.6% gross margin

Profit after running costs

Operating Margin

19.4%

Healthy — 19.4% operating margin

Return on the money invested

ROCE

91.8%

Exceptional — 91.8% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+25.2%

Fast-growing sales (+25.2% YoY)

Profit growth

EPS YoY

+10.4%

Earnings growing (+10.4% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

65%

Modest — 65% of profit becomes cash

Spare cash per sale

FCF Margin

13.7%

Converts sales into free cash efficiently (13.7%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

23739.94x

Comfortably covers interest (23739.9x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

10.2x

Attractive valuation — P/E 10.2

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

-0.3

SLOWING

Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

9.82%

Healthy income — 9.82% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

+11.5%

Dividend growing fast (11.5% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial