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What this page is: Delvantic's full research page for Artisan Partners Asset Management Inc. (APAM) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
/llms.txt ·
any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Artisan Partners Asset Management Inc.
APAM NYSE
Financial Services · Asset Management
Milwaukee, WI 53202, United States
artisanpartners.com
Price
$42.03
Market Cap
$3.0B
Employees
567
Beta
1.65
Avg Volume
898,489
Last Dividend
$3.96
CEO
Mr. Jason A. Gottlieb
Artisan Partners Asset Management Inc. is a globally recognized investment management firm dedicated to executing a diversified array of active investment strategies across different asset classes. Founded with a focus on high-value, active portfolio management, the company serves a broad range of clients, including institutional investors and high-net-worth individuals. Artisan Partners manages equity and fixed income portfolios, each tailored to distinct market regions and sectors, aiming to provide robust, risk-adjusted returns by capitalizing on market inefficiencies and leveraging their in-depth research capabilities. The firm's approach is characterized by a decentralized investment process, allowing its autonomous investment teams, each with their own unique expertise and perspectives, to make independent decisions. Artisan Partners' reputation is built on their commitment to delivering long-term value through disciplined risk management, and they are a significant player in the asset management industry, influencing trends in how active management is leveraged within portfolios. Artisan's strategies often have a global reach, impacting sectors like technology, healthcare, and financials, thereby playing a crucial role in shaping investment landscapes through their strategic asset allocations.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 13 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 28, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+85.0%
Dec '25
+15.6%
Feb '26
-6.5%
Apr '26
+6.2%
May '26
+3.3%
Jul '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jul 28, 2026 | $0.91 | $0.94 +3.3% | — | — |
| May 20, 2026 | $2.91 | $3.09 +6.2% | — | — |
| Apr 28, 2026 | $0.93 | $0.87 -6.5% | — | — |
| Feb 3, 2026 | $1.09 | $1.26 +15.6% | — | — |
| Dec 11, 2025 | $-2.13 | $-0.32 +85.0% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 11, 2026 | 8-K | View |
| Jul 31, 2026 | 10-Q | View |
| Jul 28, 2026 | 8-K | View |
| Jul 10, 2026 | 8-K | View |
| Jun 5, 2026 | 8-K | View |
| Jun 3, 2026 | 8-K | View |
| May 11, 2026 | 8-K | View |
| May 4, 2026 | 10-Q | View |
| Apr 29, 2026 | SCHEDULE 13G | View |
| Apr 28, 2026 | 8-K | View |
| Apr 28, 2026 | SCHEDULE 13G | View |
| Apr 17, 2026 | DEFA14A | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 13, 2026 1:55pm (just now)
Current data · timestamped when a report runs
$42.03
Change · Aug 13
+0.25 (+0.59%)
Day Range
$41.59 – $42.52
52-Week Range
$33.96 – $48.46
50-Day MA
$37.95
200-Day MA
$39.72
Volume
24,872.00
Share Structure
Outstanding
70,996,433.00
Float
67,898,149.00
Free Float
95.6%
High free float
— 95.6% of shares trade freely, ~4.4% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
10.38
Stock Price: $42.03
EPS (Diluted): 4.05
EPS (Diluted): 4.05
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
3.85
Stock Price: $42.03
Total Equity: $782.42M
Shares: 71,683,951
Total Equity: $782.42M
Shares: 71,683,951
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
6.50
Market Cap: $2.97B
Total Debt: $190.00M
Cash: $255.51M
EBITDA: $418.93M
Total Debt: $190.00M
Cash: $255.51M
EBITDA: $418.93M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$2.7B
Market Cap: $2.97B
Total Debt: $190.00M
Cash: $255.51M
Total Debt: $190.00M
Cash: $255.51M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
45.7%
Gross Profit: $547.11M
Revenue: $1.20B
Revenue: $1.20B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
33.4%
Operating Income: $399.63M
Revenue: $1.20B
Revenue: $1.20B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
24.3%
Net Income: $290.32M
Revenue: $1.20B
Revenue: $1.20B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
37.1%
Net Income: $290.32M
Total Equity: $782.42M
Total Equity: $782.42M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
43.1%
Operating Income: $399.63M
Tax Rate: 22.7%
Equity: $782.42M
Total Debt: $190.00M
Cash: $255.51M
Tax Rate: 22.7%
Equity: $782.42M
Total Debt: $190.00M
Cash: $255.51M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
—
Current Assets: N/A
Current Liabilities: N/A
Current Liabilities: N/A
Missing from API: Current Assets, Current Liabilities
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.24
Short-Term Debt: $0.00
Long-Term Debt: $190.00M
Total Debt: $190.00M
Total Equity: $782.42M
Long-Term Debt: $190.00M
Total Debt: $190.00M
Total Equity: $782.42M
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$16.69
Revenue: $1.20B
Shares: 71,683,951
Shares: 71,683,951
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$10.91
Total Equity: $782.42M
Shares: 71,683,951
Shares: 71,683,951
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$2.39
Operating CF: $171.99M
CapEx: -$371,000
Shares: 71,683,951
CapEx: -$371,000
Shares: 71,683,951
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
9.4%
Last Dividend: $3.96
Stock Price: $42.03
Stock Price: $42.03
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
88.6%
Dividends Paid: -$257.11M
Net Income: $290.32M
Net Income: $290.32M
Income Statement (Annual)
Last updated: Aug 9, 2026 1:47pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.2B | $993.3M | $975.1M | $1.1B | $1.2B |
| Cost of Revenue | $563.1M | $510.4M | $529.4M | $594.1M | $649.6M |
| Gross Profit | $664.2M | $482.9M | $445.7M | $517.7M | $547.1M |
| Operating Expenses | $123.7M | $138.8M | $142.1M | $151.0M | $147.5M |
| Operating Income | $540.5M | $344.1M | $303.6M | $366.6M | $399.6M |
| Net Income | $336.5M | $206.8M | $222.3M | $259.7M | $290.3M |
| EBITDA | $548.3M | $353.1M | $319.7M | $385.6M | $418.9M |
| EPS | $5.10 | $2.94 | $3.19 | $3.66 | $4.05 |
| EPS (Diluted) | $5.09 | $2.94 | $3.19 | $3.66 | $4.05 |
Balance Sheet (Annual)
Last updated: Aug 9, 2026 1:47pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $200.8M | $143.2M | $178.5M | $268.2M | $255.5M |
| Total Current Assets | — | — | — | — | — |
| Total Assets | $1.2B | $1.2B | $1.4B | $1.6B | $1.6B |
| Current Liabilities | — | — | — | — | — |
| Long-Term Debt | — | $200.0M | $200.0M | $200.0M | $190.0M |
| Total Liabilities | $801.1M | $820.0M | $802.1M | $868.8M | $794.9M |
| Total Equity | $407.0M | $414.6M | $603.8M | $749.9M | $782.4M |
| Retained Earnings | $134.9M | $93.1M | $132.1M | $170.0M | $203.4M |
Cash Flow (Annual)
Last updated: Aug 9, 2026 1:47pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $398.6M | $312.6M | $253.0M | $372.8M | $172.0M |
| Capital Expenditure | -$2.4M | -$6.6M | -$2.3M | -$1.6M | $-371,000 |
| Free Cash Flow | $396.1M | $306.0M | $250.8M | $371.3M | $171.6M |
| Acquisitions (net) | — | — | — | — | — |
| Net Debt Issued / (Repaid) | $0 | $0 | $0 | $0 | -$10.0M |
| Dividends Paid | -$274.7M | -$248.7M | -$183.4M | -$222.0M | -$257.1M |
| Stock Buybacks | — | — | — | — | — |
| Net Change in Cash | — | — | — | — | — |
Growth Trends (YoY %)
Last updated: Aug 9, 2026 1:47pm (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -19.1% | -1.8% | +14.0% | +7.6% |
| Gross Profit Growth | -27.3% | -7.7% | +16.1% | +5.7% |
| Operating Income Growth | -36.3% | -11.8% | +20.8% | +9.0% |
| Net Income Growth | -38.6% | +7.5% | +16.9% | +11.8% |
| EBITDA Growth | -35.6% | -9.5% | +20.6% | +8.6% |
Dividend History (Last 20)
Last updated: Aug 9, 2026 1:47pm (4d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-15 | $0.77 | — | — | — |
| 2026-02-13 | $1.58 | — | — | — |
| 2025-11-14 | $0.88 | — | — | — |
| 2025-08-15 | $0.73 | — | — | — |
| 2025-05-16 | $0.68 | — | — | — |
| 2025-02-14 | $0.50 | — | — | — |
| 2024-11-15 | $0.82 | — | — | — |
| 2024-08-16 | $0.71 | — | — | — |
| 2024-05-16 | $0.61 | — | — | — |
| 2024-02-14 | $0.34 | — | — | — |
| 2023-11-15 | $0.65 | — | — | — |
| 2023-08-16 | $0.61 | — | — | — |
| 2023-05-16 | $0.50 | — | — | — |
| 2023-02-13 | $0.35 | — | — | — |
| 2022-11-15 | $0.56 | — | — | — |
| 2022-08-16 | $0.60 | — | — | — |
| 2022-05-16 | $0.76 | — | — | — |
| 2022-02-11 | $0.72 | — | — | — |
| 2021-11-15 | $1.07 | — | — | — |
| 2021-08-16 | $1.00 | — | — | — |
Industry Benchmarks
Compares APAM against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for APAM — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for APAM — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for APAM — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for APAM — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
No community reviews yet for APAM.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.530 · 761561a2 · 2026-08-12 19:06:35