Artisan Partners Asset Manageme — Earnings Quality Grade C
APAM · Financial Services
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 48 days, change +8 days YoY
AR growth 29.5% exceeds revenue growth 7.6%
Revenue 7.6%, CFFO -53.9%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -85.8% vs revenue 7.6%. Normal
SG&A/Gross Profit = 27.0%, excellent (<30%)
Gross margin 45.7%, change -0.8pp. Stable
Cash Flow Quality
CFFO/NI = 0.59. Below 1.0
FCF $0.2B, FCF/NI = 0.59
Accruals ratio = 7.5%. Elevated
Cash $0.3B covers 82% of debt $0.3B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 0.6x. Healthy
Other assets 12.0% vs revenue 7.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -1.80 (grey zone)
Beneish M-Score
Altman Z-Score — Not Applicable
Artisan Partners Asset Manageme is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25