Artisan Partners Asset Management Inc.

APAMNYSEFinancial Services● Active

$35.48

$-1.71(-4.60%)

Market Cap$2.5B

P/E Ratio—

52W High$48.5

52W Low$34.99

Avg Volume805K

Open$37.15

Beta1.66

Free Cash Flow Financials Revenue

Artisan Partners Asset Management Inc. (APAM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

APAM · free cash flow · updated Jun 8, 2026

Core FCF metrics

APAM · FCF · TTM · margin & CAGR

Free cash flow was $171.3M for FY2025 (fiscal year ending 2025-12-31), down 53.5% year-over-year The FCF margin was 14.3%. Five-year CAGR stands at -11.5%.

FY2025 Free Cash Flow$171.3M▼ -53.5% YoY

Trailing 12M (TTM)$195.4Mtrailing 4 quarters sum

FCF Margin14.3%$171.3M ÷ revenue

3-Year CAGR-16.4%FY2022 → FY2025

5-Year CAGR-11.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

APAM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$172.0M(1M)$171.3M▼ 53.5%14.3%

FY2024$372.8M(5M)$368.1M▼ 0.3%33.1%

FY2023$377.7M(9M)$369.1M▲ +25.9%37.9%

FY2022$312.6M(20M)$293.1M▼ 25.4%29.5%

FY2021$398.6M(6M)$392.6M▲ +24.4%32.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

APAM · P/FCF · FCF yield · FCF per share

Artisan Partners Asset Management Inc. (APAM) trades at a FCF yield of 7.75% and a price-to-free-cash-flow ratio of 11.9x. FCF per share stands at $2.98, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.75%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.98

TTM FCF ÷ Shares Outstanding

Price / FCF

x11.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x12.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

APAM · cash flow statement · operating / investing / financing

For FY2025, Artisan Partners Asset Management Inc. generated $172.0M in operating cash flow and spent 1M in capital expenditures, yielding $171.3M in free cash flow.

Operating Activities

+$172.0M

Cash from core business operations

2025-12-31

Investing Activities

+$35.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$183.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($172.0M) − |CapEx| (1M) = FCF ($171.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

APAM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Artisan Partners Asset Management Inc.YOU

APAM

$171.3M-53.5%14.3%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Artisan Partners Asset Management Inc. (APAM) reported free cash flow of $171.3M for FY2025 (fiscal year ending 2025-12-31), down 53.5% year-over-year. The FCF margin was 14.3%.

Based on available data, Artisan Partners Asset Management Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $392.6M in FY2021. The 5-year CAGR stands at -11.5%.

Artisan Partners Asset Management Inc.'s FCF yield is 7.75% and price-to-FCF ratio is 11.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

APAM free cash flow · 8 questions

Artisan Partners Asset Management Inc. free cash flow was $171.3M for FY2025, down 53.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $195.4M.

APAM free cash flowAPAM FCFAPAM FCF 2025APAM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Artisan Partners Asset Management Inc. · Artisan Partners Asset Management Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026