The Filing Desk

Artisan Partners Asset Management vs Virtus Investment Partners

Artisan Partners Asset Management APAM · Virtus Investment Partners VRTS · Asset Management & Custody Banks

Artisan Partners Asset Management reported revenue of $1.2 billion in fiscal 2025, 1.4 times Virtus Investment Partners' $853 million in fiscal 2025. Artisan Partners Asset Management's revenue grew 7.6% in its latest year, and Virtus Investment Partners' fell 6.0%. Artisan Partners Asset Management had an operating margin of 33.4%, against 19.8% at Virtus Investment Partners. Free cash flow was $172 million at Artisan Partners Asset Management and −$74 million at Virtus Investment Partners.

Side by side

Artisan Partners Asset ManagementVirtus Investment Partners
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.2B$853M
Revenue growth7.6%−6.0%
Revenue growth a year, last 5 years5.9%7.1%
Gross margin——
Operating margin33.4%19.8%
Net margin24.3%15.9%
Free cash flow$172M−$74M
Free cash flow margin14.3%−8.7%
Return on capital80.6%15.5%
Net debt to EBITDA−0.2x−0.4x
Dividends and buybacks$257M$125M
Change in diluted share count1.0%−3.9%
Last close$39.13$127.35
P/E at the last close9.3×7.3×
Insider trades, last 12 monthssold $298,130bought $524,362, sold $4.3 million
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Artisan Partners Asset ManagementVirtus Investment Partners
Operating margin
Percent of revenue
Artisan Partners Asset ManagementVirtus Investment Partners
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Artisan Partners Asset ManagementVirtus Investment Partners

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Artisan Partners Asset Management and Virtus Investment Partners pages.