COMP <GO>
APAM vs MS // EV/EBITDA & P/E VALUATION
Artisan Partners Asset Management Inc. (Class A) (NYSE) VS. Morgan Stanley (NYSE) • 15-METRIC TALLY: APAM 10
— MS 1
▲ EV/EBITDA & P/E VALUATION LEADER: APAM
LAST: $36.58 (+0.52%) • MKT CAP: $2.95B
valuation
7.4x
LAST: $184.30 (-3.00%) • MKT CAP: $298.41B
valuation
31.0x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (APAM VS. MS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | APAM | MS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 71.90% | 3.00% | +68.90 | APAM | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 7.4x | 31.0x | -23.60 | APAM | /valuation <GO> |
| Free Cash Flow Yield | 5.82% | -7.25% | +13.07 | APAM | /fcf-yield <GO> |
| Operating Margin | 33.40% | 24.60% | +8.80 | APAM | /operating-margins <GO> |
| Net Profit Margin | 24.30% | 20.20% | +4.10 | APAM | /net-margins <GO> |
| Revenue Growth (YoY) | 7.60% | 5.50% | +2.10 | APAM | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 8.71% | 2.21% | +6.50 | APAM | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 5/9 | +1.00 | APAM | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 59.2 | 51.0 | +8.20 | APAM | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 1.04 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 9.5x | 16.5x | -7.00 | APAM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $2.95B | $298.41B | -$295.46B | MS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | APAM REV | MS REV | APAM GROSS % | MS GROSS % | APAM FCF | MS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.20B | $0 | — | — | $171.6M | -$17.89B |
| FY 2024 | $1.11B | $0 | — | — | $371.3M | $1.36B |
| FY 2023 | $975.1M | $0 | — | — | $253.0M | -$33.54B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
APAM // BETA —
MS // BETA 1.04