APAM - Artisan Partners Asset Management Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$36.33
DETAILS
HIGH:
$44.00
LOW:
$31.00
MEDIAN:
$34.00
CONSENSUS:
$36.33
UPSIDE:
9.66%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 1,196.7 | 1,111.8 | 975.1 | 993.3 | 1,227.2 | 899.6 | 799.0 | 828.6 | 795.6 | 720.9 | 805.5 | 828.7 | 685.8 | 505.6 | 455.1 | 382.3 | 296.2 | 357.0 |
| Cost of Revenue | 649.6 | 594.1 | 529.4 | 510.4 | 563.1 | 435.8 | 399.9 | 413.2 | 402.9 | 383.9 | 414.2 | 415.0 | 856.4 | 383.1 | 233.2 | 263.3 | 0 | 357.0 |
| Gross Profit | 547.1 | 517.7 | 445.7 | 482.9 | 664.2 | 463.7 | 399.0 | 415.5 | 392.7 | 337.0 | 391.2 | 413.7 | (170.5) | 122.5 | 221.9 | 119.0 | 296.2 | 0 |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 147.5 | 151.0 | 142.1 | 138.8 | 124.2 | 105.4 | 115 | 110.5 | 106.3 | 102.8 | 108.8 | 106.8 | 90.7 | 75.4 | 67.6 | 53.8 | 223.1 | 0 |
| Other Expenses | 0 | 0 | 0 | 0 | (0.5) | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 147.5 | 151.0 | 142.1 | 138.8 | 123.7 | 105.4 | 115.0 | 110.5 | 106.3 | 102.8 | 108.8 | 106.8 | 90.7 | 75.4 | 67.6 | 53.8 | 223.1 | 0 |
| Operating Income | ||||||||||||||||||
| Operating Income | 399.6 | 366.6 | 303.6 | 344.1 | 540.5 | 358.3 | 283.5 | 304.9 | 286.4 | 234.2 | 282.4 | 306.9 | (261.2) | 47.1 | 154.3 | 65.2 | 73.1 | 182.4 |
| Interest Expense | 8.6 | 8.6 | 8.6 | 9.9 | 10.8 | 10.8 | 11.1 | 11.2 | 11.4 | 11.7 | 11.7 | 11.6 | 11.9 | 11.4 | 18.4 | 23.0 | 24.9 | 0 |
| Interest Income | 11.8 | 9.6 | 6.3 | 0.3 | 0.6 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.1 | 0.9 |
| Profitability | ||||||||||||||||||
| EBITDA | 489.0 | 459.0 | 401.6 | 329.5 | 569.3 | 386.7 | 286.6 | 318.7 | 588.0 | 239.5 | 275.2 | 306.4 | (192.6) | 57.5 | 151.9 | 69.1 | 75.6 | 184.5 |
| EBIT | 479.6 | 449.2 | 392.3 | 321.7 | 562.4 | 380.1 | 280.3 | 313.0 | 582.7 | 234.2 | 270.6 | 303.1 | (195.9) | 55.1 | 149.5 | 66.8 | 73.2 | 182.4 |
| Income Before Tax | 489.1 | 440.6 | 383.7 | 311.8 | 551.5 | 369.3 | 269.3 | 301.8 | 571.2 | 224.5 | 258.9 | 291.5 | (207.7) | 43.6 | 131.1 | 43.8 | 48.2 | 183.3 |
| Income Tax Expense | 111.3 | 90.9 | 71.9 | 63.5 | 107.0 | 60.8 | 27.8 | 47.6 | 420.5 | 51.5 | 46.8 | 48.8 | 26.4 | 1.0 | 1.2 | 1.3 | 0 | 0 |
| Net Income | 290.3 | 259.7 | 222.3 | 206.8 | 336.5 | 212.6 | 156.5 | 158.3 | 49.6 | 73.0 | 81.8 | 69.6 | 24.8 | 33.8 | 133.1 | 42.5 | 48.2 | 183.3 |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | 4.05 | 3.66 | 3.19 | 2.94 | 5.10 | 3.40 | 2.65 | 2.84 | 0.75 | 1.57 | 1.86 | -0.37 | -0.63 | 0.83 | 1.98 | 0.65 | 0.73 | 2.79 |
| EPS (Diluted) | 4.05 | 3.66 | 3.19 | 2.94 | 5.09 | 3.40 | 2.65 | 2.84 | 0.75 | 1.57 | 1.86 | -0.37 | -0.63 | 0.83 | 1.98 | 0.65 | 0.73 | 2.79 |
| Shares Outstanding | 65.6 | 64.9 | 63.5 | 62.5 | 59.9 | 55.6 | 51.1 | 48.9 | 44.6 | 38.1 | 35.4 | 27.5 | 19.8 | 40.5 | 65.8 | 65.8 | 65.8 | 65.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||
| Cash & Cash Equivalents | 255.5 | 268.2 | 178.5 | 143.2 | 200.1 | 198.8 | 143.6 | 174.9 | 159.2 | 156.8 | 166.2 | 182.3 | 211.8 | 151.3 | 132.1 | 159.0 | 101.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.7 | 7.8 | 0 | 0 | 1.2 | 2.2 |
| Net Receivables | 165.2 | 127.7 | 114.5 | 103.6 | 122.3 | 103.5 | 83.5 | 73.3 | 93.5 | 58.8 | 60.1 | 69.4 | 71.5 | 56.6 | 39.5 | 36.7 | 31.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (2.1) | (3.6) | 0 | 0 | (0.0) | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0.6 | 0.6 | 0.6 | 2.7 | 4.2 | 1.5 | 0.9 | 0.9 | 1.2 | 1.2 | 1.0 | 0 | 0 |
| Total Current Assets | 441.3 | 409.4 | 307.8 | 262.6 | 335.6 | 313.7 | 237.4 | 258.7 | 262.2 | 225.8 | 234.6 | 258.5 | 308.5 | 213.0 | 175.9 | 199.8 | 138.7 |
| Non-Current Assets | |||||||||||||||||
| Property, Plant & Equipment | 138.3 | 124.8 | 141.4 | 149.5 | 124.0 | 115.2 | 126.7 | 29.1 | 21.0 | 20.0 | 18.0 | 16.6 | 8.8 | 8.8 | 5.6 | 5.2 | 6.1 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 429.1 | 429.2 | 678.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (458.3) | (450.2) | (698.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 638.3 | 670.9 | 514.6 | 341.2 | 242.9 | 234.0 | 130.6 | 84.3 | 159.0 | 6.3 | 0 | 0 | 71.2 | 61.5 | 41.5 | 0 | 0 |
| Other Non-Current Assets | 4.7 | 4.2 | 5.6 | 4.3 | 7.7 | 6.9 | 3.1 | 63.4 | 194.0 | 41.1 | 23.7 | 12 | 5.1 | 4.2 | 1.9 | 4.9 | 1.0 |
| Total Non-Current Assets | 1,136.0 | 1,209.3 | 1,098.1 | 972.0 | 872.5 | 838.2 | 696.3 | 576.8 | 623.2 | 719.7 | 720.2 | 591.0 | 272.9 | 74.5 | 49.0 | 10.1 | 7.0 |
| Total Assets | 1,577.3 | 1,618.8 | 1,405.9 | 1,234.6 | 1,208.0 | 1,152.0 | 933.6 | 805.0 | 837.2 | 936.2 | 945.8 | 849.5 | 581.4 | 287.6 | 224.9 | 209.9 | 145.7 |
| Current Liabilities | |||||||||||||||||
| Account Payables | 46.4 | 139.4 | 63.6 | 50.8 | 49.2 | 134.1 | 54.1 | 18.8 | 21.2 | 15.6 | 18.1 | 21.9 | 20.9 | 28.1 | 9.3 | 9.6 | 8.4 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 380 | 400 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 28.9 | 20.5 | 19.2 | 0 | 0 | 0 | 0 | (15.4) | (6.5) | (16.2) | (18.3) | (19.6) | 0 | 0 | 0 | 7.8 | 23.8 |
| Total Current Liabilities | 378.6 | 501.4 | 446.9 | 449.6 | 474.6 | 546.6 | 429.4 | 390.8 | 410.2 | 601.9 | 607.2 | 511.1 | 187.0 | 28.1 | 9.3 | 403.0 | 437.7 |
| Non-Current Liabilities | |||||||||||||||||
| Long-Term Debt | 189.1 | 199.4 | 199.3 | 199.1 | 199.4 | 199.3 | 199.1 | 199.3 | 199.1 | 199.5 | 199.3 | 200 | 200 | 290 | 324.8 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 106.2 | 66.7 | 42.6 | 50.5 | 26.7 | 28.7 | 65.5 | 74.4 | 119.7 | 17.1 | 22.8 | 0 | 187.2 | 642.2 | 529.5 | 543.4 | 465.1 |
| Total Non-Current Liabilities | 416.3 | 367.4 | 355.2 | 370.4 | 326.4 | 320.6 | 365.7 | 273.7 | 318.8 | 216.6 | 222.1 | 200 | 387.2 | 932.2 | 856.7 | 543.4 | 465.1 |
| Total Liabilities | 794.9 | 868.8 | 802.1 | 820.0 | 801.1 | 867.2 | 795.1 | 630.2 | 666.5 | 818.5 | 829.3 | 742.0 | 449.1 | 960.3 | 865.9 | 946.5 | 902.9 |
| Stockholders' Equity | |||||||||||||||||
| Common Stock | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0 | 0 | 0 | 0 |
| Retained Earnings | 203.4 | 170.0 | 132.1 | 93.1 | 134.9 | 72.9 | 44.5 | 38.6 | (37.9) | 13.4 | 13.2 | 16.4 | 1.4 | (711.4) | (664.3) | 0 | 0 |
| Accumulated Other Comprehensive Income | (1.7) | (2.8) | (2.5) | (3.1) | (1.3) | (1.0) | (1.4) | (1.9) | (0.9) | (1.6) | (0.4) | 0.2 | 0.4 | (15.4) | (14.0) | 0 | (21) |
| Total Stockholders' Equity | 438.8 | 388.9 | 324.2 | 262.2 | 276.2 | 180.5 | 133.0 | 135.0 | 109.9 | 131.7 | 130.0 | 110.9 | 43.8 | 357.2 | (664.3) | (11.8) | (21) |
| Total Liabilities & Equity | 1,577.3 | 1,618.8 | 1,405.9 | 1,234.6 | 1,208.0 | 1,152.0 | 933.6 | 805.0 | 837.2 | 936.2 | 945.8 | 849.5 | 581.4 | 287.6 | 224.9 | 946.5 | 902.9 |
| Debt Metrics | |||||||||||||||||
| Total Debt | 310.0 | 300.7 | 312.7 | 319.9 | 299.7 | 292.0 | 300.3 | 199.3 | 199.1 | 199.5 | 199.3 | 200 | 200 | 290 | 324.8 | 380 | 400 |
| Net Debt | 54.5 | 32.5 | 134.2 | 176.6 | 99.6 | 93.1 | 156.6 | 24.4 | 40.0 | 42.7 | 33.1 | 17.7 | (31.0) | 138.7 | 192.7 | 221.0 | 298.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||
| Net Income | 377.9 | 349.7 | 311.8 | 248.4 | 444.5 | 308.5 | 241.5 | 138.9 | 150.7 | 173.0 | 212.1 | 242.7 | (234.1) | 42.6 | 130.0 | 42.5 | 48.2 | 183.3 |
| Depreciation & Amortization | 9.4 | 9.9 | 9.3 | 7.8 | 6.9 | 6.6 | 6.2 | 5.7 | 5.3 | 5.3 | 4.5 | 3.2 | 3.2 | 2.4 | 2.4 | 2.3 | 2.4 | 2.1 |
| Stock-Based Compensation | 28.5 | 32.5 | 33.7 | 41.5 | 39.6 | 37.0 | 43.1 | 53.6 | 62.9 | 72.0 | 79.5 | 88.3 | 655.4 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 21.5 | 105.4 | 27.4 | 36.4 | (20.4) | (22.5) | 33.8 | 33.7 | (33.9) | (12.7) | (2.4) | (3.4) | (263.2) | 92.8 | (32.9) | 72.1 | (5.5) | 14.3 |
| Other Non-Cash Items | (320.5) | (168.8) | (171.2) | (50.8) | (110.2) | (43.6) | (58.7) | 77.0 | (63.5) | (0.5) | (1.2) | (1.0) | (58.6) | (7.7) | 3.8 | (1.0) | 44.8 | (50.3) |
| Operating Cash Flow | 172.0 | 372.8 | 253.0 | 312.6 | 398.6 | 318.7 | 292.8 | 333.3 | 226.0 | 270.4 | 321.2 | 351.6 | 112.2 | 130.1 | 103.2 | 116.0 | 90.0 | 149.4 |
| Investing Activities | ||||||||||||||||||
| Capital Expenditure | (0.7) | (4.8) | (8.6) | (19.6) | (6.0) | (3.1) | (17.8) | (13.8) | (5.8) | (7.3) | (7.3) | (9.6) | (3.2) | (5.5) | (2.7) | (1.5) | (1.2) | (4.3) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 |
| Purchases of Investments | (41.4) | (408.9) | (35.5) | (49.3) | (308.3) | (2.1) | (0.0) | (0.5) | (5.2) | (4.0) | (6.8) | (10.0) | (5) | 0 | (20) | (1.0) | (0.0) | (0.0) |
| Sales/Maturities of Investments | 77.3 | 292.5 | 5.9 | 5.2 | 12.8 | 24.0 | 0.3 | 0 | 6.4 | 9.0 | 2.7 | 11.6 | 16.9 | 4.6 | 4.1 | 2.2 | 0 | 0 |
| Other Investing Activities | 0 | 96.3 | 0 | 0 | 274.5 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.3 | 0 | (0.1) | (1.0) | 0 | 0.0 | 0 |
| Investing Cash Flow | 35.2 | (24.9) | (38.2) | (63.7) | (27.0) | 18.8 | (17.5) | (14.3) | (4.7) | (2.3) | (11.3) | (7.8) | 8.7 | (1.0) | (19.6) | (0.3) | (1.2) | (4.3) |
| Financing Activities | ||||||||||||||||||
| Net Debt Issuance | (10) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (90) | (37.4) | (55.2) | (20) | (0.3) | 0 |
| Stock Repurchased | 0 | (6.8) | 0 | 0 | (56.2) | (63.0) | 0 | (21.5) | (162.5) | 0 | (176.6) | 0 | (76.3) | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (257.1) | (222.0) | (183.4) | (248.7) | (274.7) | (203.0) | (188.2) | (167.8) | (131.0) | (115.4) | (123.9) | (99.8) | (14.6) | (80.9) | (67.1) | (36.8) | 0 | (173.6) |
| Other Financing Activities | 84.1 | (25.4) | 8.4 | (57.7) | (4.5) | (79.2) | (118.4) | (71.7) | (87.8) | (162.3) | (25.5) | (273.5) | (225.9) | 3.4 | 6.7 | (1.8) | (22.6) | (1.9) |
| Financing Cash Flow | (183.0) | (254.2) | (175.0) | (306.4) | (335.4) | (282.2) | (306.6) | (263.5) | (218.9) | (277.7) | (326.0) | (373.3) | (50.2) | (114.8) | (115.6) | (58.6) | (22.8) | (175.4) |
| Cash Position | ||||||||||||||||||
| Net Change in Cash | (12.7) | 89.8 | 35.2 | (57.5) | 1.3 | 55.2 | (31.3) | 15.7 | 2.4 | (9.7) | (16.1) | (29.6) | 70.7 | 14.2 | (32.0) | 57.1 | 65.9 | 0 |
| Cash at Beginning | 268.2 | 178.5 | 143.2 | 200.8 | 199.4 | 144.3 | 175.5 | 159.8 | 157.4 | 167.1 | 182.3 | 211.8 | 141.2 | 127.0 | 159.0 | 101.8 | 35.9 | 0 |
| Cash at End | 255.5 | 268.2 | 178.5 | 143.2 | 200.8 | 199.4 | 144.3 | 175.5 | 159.8 | 157.4 | 166.2 | 182.3 | 211.8 | 141.2 | 127.0 | 159.0 | 101.8 | 0 |
| Free Cash Flow | 171.3 | 368.1 | 244.4 | 293.1 | 392.6 | 315.6 | 275.0 | 319.5 | 220.1 | 263.1 | 313.9 | 341.9 | 109.0 | 124.6 | 100.5 | 114.5 | 88.8 | 145.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 1,196.7 | 1,111.8 | 975.1 | 993.3 | 1,227.2 | 899.6 | 799.0 | 828.6 | 795.6 | 720.9 | 805.5 | 828.7 | 685.8 | 505.6 | 455.1 | 382.3 | 296.2 | 357.0 |
| Gross Profit | 547.1 | 517.7 | 445.7 | 482.9 | 664.2 | 463.7 | 399.0 | 415.5 | 392.7 | 337.0 | 391.2 | 413.7 | (170.5) | 122.5 | 221.9 | 119.0 | 296.2 | 0 |
| Operating Income | 399.6 | 366.6 | 303.6 | 344.1 | 540.5 | 358.3 | 283.5 | 304.9 | 286.4 | 234.2 | 282.4 | 306.9 | (261.2) | 47.1 | 154.3 | 65.2 | 73.1 | 182.4 |
| Net Income | 290.3 | 259.7 | 222.3 | 206.8 | 336.5 | 212.6 | 156.5 | 158.3 | 49.6 | 73.0 | 81.8 | 69.6 | 24.8 | 33.8 | 133.1 | 42.5 | 48.2 | 183.3 |
| EPS (Diluted) | 4.05 | 3.66 | 3.19 | 2.94 | 5.09 | 3.40 | 2.65 | 2.84 | 0.75 | 1.57 | 1.86 | -0.37 | -0.63 | 0.83 | 1.98 | 0.65 | 0.73 | 2.79 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 255.5 | 268.2 | 178.5 | 143.2 | 200.1 | 198.8 | 143.6 | 174.9 | 159.2 | 156.8 | 166.2 | 182.3 | 211.8 | 151.3 | 132.1 | 159.0 | 101.8 | |
| Total Assets | 1,577.3 | 1,618.8 | 1,405.9 | 1,234.6 | 1,208.0 | 1,152.0 | 933.6 | 805.0 | 837.2 | 936.2 | 945.8 | 849.5 | 581.4 | 287.6 | 224.9 | 209.9 | 145.7 | |
| Total Debt | 310.0 | 300.7 | 312.7 | 319.9 | 299.7 | 292.0 | 300.3 | 199.3 | 199.1 | 199.5 | 199.3 | 200 | 200 | 290 | 324.8 | 380 | 400 | |
| Stockholders' Equity | 438.8 | 388.9 | 324.2 | 262.2 | 276.2 | 180.5 | 133.0 | 135.0 | 109.9 | 131.7 | 130.0 | 110.9 | 43.8 | 357.2 | (664.3) | (11.8) | (21) | |
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | 172.0 | 372.8 | 253.0 | 312.6 | 398.6 | 318.7 | 292.8 | 333.3 | 226.0 | 270.4 | 321.2 | 351.6 | 112.2 | 130.1 | 103.2 | 116.0 | 90.0 | 149.4 |
| Capital Expenditure | (0.7) | (4.8) | (8.6) | (19.6) | (6.0) | (3.1) | (17.8) | (13.8) | (5.8) | (7.3) | (7.3) | (9.6) | (3.2) | (5.5) | (2.7) | (1.5) | (1.2) | (4.3) |
| Free Cash Flow | 171.3 | 368.1 | 244.4 | 293.1 | 392.6 | 315.6 | 275.0 | 319.5 | 220.1 | 263.1 | 313.9 | 341.9 | 109.0 | 124.6 | 100.5 | 114.5 | 88.8 | 145.1 |