APAM
Artisan Partners Asset Management Inc.
Asset Management
Market Cap$2.67B
5Y Perf.+30.6%
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Stock Comparison
APAM vs TROW
Revenue, margins, valuation, and 5-year total return — side by side.
TROW
T. Rowe Price Group, Inc.
Asset Management
Market Cap$23.09B
5Y Perf.-12.2%
APAM vs TROW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | APAM | TROW |
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $2.67B | $23.09B |
| Revenue (TTM) | $1.20B | $7.31B |
| Net Income (TTM) | $290M | $2.09B |
| Gross Margin | 45.7% | 62.7% |
| Operating Margin | 33.4% | 29.9% |
| Forward P/E | 9.9x | 11.5x |
| Total Debt | $410M | $860M |
| Cash & Equiv. | $256M | $3.38B |
APAM vs TROW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
APAM
TROW
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Artisan Partners As… (APAM) | 100 | 130.6 | +30.6% |
| T. Rowe Price Group… (TROW) | 100 | 87.8 | -12.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: APAM vs TROW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: APAM leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. T. Rowe Price Group, Inc. is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
APAM
Artisan Partners Asset Management Inc.
The Banking Pick
APAM carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 1.17, yield 10.4%
- Rev growth 7.6%, EPS growth 10.7%
- 128.8% 10Y total return vs TROW's 96.8%
Best for: income & stability and growth exposure
TROW
T. Rowe Price Group, Inc.
The Banking Pick
TROW is the clearest fit if your priority is bank quality.
- NIM 3.4% vs APAM's 0.2%
- +23.4% vs APAM's +5.1%
Best for: bank quality
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | APAM | 7.6% NII/revenue growth vs TROW's 3.1% |
| Value | APAM | Lower P/E (9.9x vs 11.5x) |
| Quality / Margins | APAM | Efficiency ratio 0.1% vs TROW's 0.3% (lower = leaner) |
| Stability / Safety | APAM | Beta 1.17 vs TROW's 1.18 |
| Dividends | APAM | 10.4% yield, 2-year raise streak, vs TROW's 4.8% |
| Momentum (1Y) | TROW | +23.4% vs APAM's +5.1% |
| Efficiency (ROA) | APAM | Efficiency ratio 0.1% vs TROW's 0.3% |
APAM vs TROW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
APAM vs TROW — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLAPAMLAGGINGTROW
TROWT. Rowe Price Group, …
1leads
APAMArtisan Partners Asse…
3leads
6 Total Categories
CATEGORYLEADERvs TROWMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
TROW3/5
Valuation MetricsMultiples, price ratios, and targets
APAM5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
APAM6/8
Total Returns1Y, 3Y, 5Y total returns with dividends
APAM4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
TROW leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
TROW is the larger business by revenue, generating $7.3B annually — 6.1x APAM's $1.2B. Profitability is closely matched — net margins range from 28.5% (TROW) to 24.3% (APAM).
| Metric | APAMArtisan Partners … | TROWT. Rowe Price Gro… |
|---|---|---|
| RevenueTrailing 12 months | $1.2B | $7.3B |
| EBITDAEarnings before interest/tax | $424M | $2.7B |
| Net IncomeAfter-tax profit | $290M | $2.1B |
| Free Cash FlowCash after capex | $172M | $2.3B |
| Gross MarginGross profit ÷ Revenue | +45.7% | +62.7% |
| Operating MarginEBIT ÷ Revenue | +33.4% | +29.9% |
| Net MarginNet income ÷ Revenue | +24.3% | +28.5% |
| FCF MarginFCF ÷ Revenue | +14.3% | +20.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +35.6% | +3.7% |
TROW leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
APAM leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 9.3x trailing earnings, APAM trades at a 19% valuation discount to TROW's 11.5x P/E. On an enterprise value basis, APAM's 6.9x EV/EBITDA is more attractive than TROW's 7.9x.
| Metric | APAMArtisan Partners … | TROWT. Rowe Price Gro… |
|---|---|---|
| Market CapShares × price | $2.7B | $23.1B |
| Enterprise ValueMkt cap + debt − cash | $2.8B | $20.6B |
| Trailing P/EPrice ÷ TTM EPS | 9.34x | 11.47x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.89x | 11.49x |
| PEG RatioP/E ÷ EPS growth rate | 2.62x | — |
| EV / EBITDAEnterprise value multiple | 6.90x | 7.85x |
| Price / SalesMarket cap ÷ Revenue | 2.23x | 3.16x |
| Price / BookPrice ÷ Book value/share | 3.17x | 1.97x |
| Price / FCFMarket cap ÷ FCF | 15.58x | 15.61x |
APAM leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
APAM leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
APAM delivers a 44.9% return on equity — every $100 of shareholder capital generates $45 in annual profit, vs $18 for TROW. TROW carries lower financial leverage with a 0.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to APAM's 0.52x. On the Piotroski fundamental quality scale (0–9), APAM scores 5/9 vs TROW's 4/9, reflecting solid financial health.
| Metric | APAMArtisan Partners … | TROWT. Rowe Price Gro… |
|---|---|---|
| ROE (TTM)Return on equity | +44.9% | +17.6% |
| ROA (TTM)Return on assets | +19.4% | +14.4% |
| ROICReturn on invested capital | +26.7% | +13.3% |
| ROCEReturn on capital employed | +29.9% | +15.9% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 |
| Debt / EquityFinancial leverage | 0.52x | 0.07x |
| Net DebtTotal debt minus cash | $155M | -$2.5B |
| Cash & Equiv.Liquid assets | $256M | $3.4B |
| Total DebtShort + long-term debt | $410M | $860M |
| Interest CoverageEBIT ÷ Interest expense | 58.20x | — |
APAM leads this category, winning 6 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
APAM leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in APAM five years ago would be worth $9,847 today (with dividends reinvested), compared to $7,079 for TROW. Over the past 12 months, TROW leads with a +23.4% total return vs APAM's +5.1%. The 3-year compound annual growth rate (CAGR) favors APAM at 13.7% vs TROW's 4.4% — a key indicator of consistent wealth creation.
| Metric | APAMArtisan Partners … | TROWT. Rowe Price Gro… |
|---|---|---|
| YTD ReturnYear-to-date | -4.8% | +2.7% |
| 1-Year ReturnPast 12 months | +5.1% | +23.4% |
| 3-Year ReturnCumulative with dividends | +47.1% | +13.9% |
| 5-Year ReturnCumulative with dividends | -1.5% | -29.2% |
| 10-Year ReturnCumulative with dividends | +128.8% | +96.8% |
| CAGR (3Y)Annualised 3-year return | +13.7% | +4.4% |
APAM leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — APAM and TROW each lead in 1 of 2 comparable metrics.
Risk & Volatility
APAM is the less volatile stock with a 1.17 beta — it tends to amplify market swings less than TROW's 1.18 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TROW currently trades 89.8% from its 52-week high vs APAM's 78.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | APAMArtisan Partners … | TROWT. Rowe Price Gro… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.17x | 1.18x |
| 52-Week HighHighest price in past year | $48.50 | $118.22 |
| 52-Week LowLowest price in past year | $34.99 | $85.51 |
| % of 52W HighCurrent price vs 52-week peak | +78.0% | +89.8% |
| RSI (14)Momentum oscillator 0–100 | 51.1 | 74.8 |
| Avg Volume (50D)Average daily shares traded | 753K | 2.3M |
Evenly matched — APAM and TROW each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — APAM and TROW each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates APAM as "Hold" and TROW as "Hold". Consensus price targets imply 5.7% upside for APAM (target: $40) vs -4.6% for TROW (target: $101). For income investors, APAM offers the higher dividend yield at 10.36% vs TROW's 4.81%.
| Metric | APAMArtisan Partners … | TROWT. Rowe Price Gro… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $40.00 | $101.20 |
| # AnalystsCovering analysts | 15 | 38 |
| Dividend YieldAnnual dividend ÷ price | +10.4% | +4.8% |
| Dividend StreakConsecutive years of raises | 2 | 3 |
| Dividend / ShareAnnual DPS | $3.92 | $5.11 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.7% |
Evenly matched — APAM and TROW each lead in 1 of 2 comparable metrics.
Key Takeaway
APAM leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). TROW leads in 1 (Income & Cash Flow). 2 tied.
Best OverallArtisan Partners Asset Mana… (APAM)Leads 3 of 6 categories
Loading custom metrics...
APAM vs TROW: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is APAM or TROW a better buy right now?
For growth investors, Artisan Partners Asset Management Inc.
(APAM) is the stronger pick with 7. 6% revenue growth year-over-year, versus 3. 1% for T. Rowe Price Group, Inc. (TROW). Artisan Partners Asset Management Inc. (APAM) offers the better valuation at 9. 3x trailing P/E (9. 9x forward), making it the more compelling value choice. Analysts rate Artisan Partners Asset Management Inc. (APAM) a "Hold" — based on 15 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — APAM or TROW?
On trailing P/E, Artisan Partners Asset Management Inc.
(APAM) is the cheapest at 9. 3x versus T. Rowe Price Group, Inc. at 11. 5x. On forward P/E, Artisan Partners Asset Management Inc. is actually cheaper at 9. 9x.
03Which is the better long-term investment — APAM or TROW?
Over the past 5 years, Artisan Partners Asset Management Inc.
(APAM) delivered a total return of -1. 5%, compared to -29. 2% for T. Rowe Price Group, Inc. (TROW). Over 10 years, the gap is even starker: APAM returned +128. 8% versus TROW's +96. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — APAM or TROW?
By beta (market sensitivity over 5 years), Artisan Partners Asset Management Inc.
(APAM) is the lower-risk stock at 1. 17β versus T. Rowe Price Group, Inc. 's 1. 18β — meaning TROW is approximately 1% more volatile than APAM relative to the S&P 500. On balance sheet safety, T. Rowe Price Group, Inc. (TROW) carries a lower debt/equity ratio of 7% versus 52% for Artisan Partners Asset Management Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — APAM or TROW?
By revenue growth (latest reported year), Artisan Partners Asset Management Inc.
(APAM) is pulling ahead at 7. 6% versus 3. 1% for T. Rowe Price Group, Inc. (TROW). On earnings-per-share growth, the picture is similar: Artisan Partners Asset Management Inc. grew EPS 10. 7% year-over-year, compared to 1. 1% for T. Rowe Price Group, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — APAM or TROW?
T.
Rowe Price Group, Inc. (TROW) is the more profitable company, earning 28. 5% net margin versus 24. 3% for Artisan Partners Asset Management Inc. — meaning it keeps 28. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: APAM leads at 33. 4% versus 29. 9% for TROW. At the gross margin level — before operating expenses — TROW leads at 62. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is APAM or TROW more undervalued right now?
On forward earnings alone, Artisan Partners Asset Management Inc.
(APAM) trades at 9. 9x forward P/E versus 11. 5x for T. Rowe Price Group, Inc. — 1. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for APAM: 5. 7% to $40. 00.
08Which pays a better dividend — APAM or TROW?
All stocks in this comparison pay dividends.
Artisan Partners Asset Management Inc. (APAM) offers the highest yield at 10. 4%, versus 4. 8% for T. Rowe Price Group, Inc. (TROW).
09Is APAM or TROW better for a retirement portfolio?
For long-horizon retirement investors, Artisan Partners Asset Management Inc.
(APAM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 17), 10. 4% yield, +128. 8% 10Y return). Both have compounded well over 10 years (APAM: +128. 8%, TROW: +96. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between APAM and TROW?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(APAM: 7.6% · TROW: 3.1%)Net Margin>
%
(APAM: 24.3% · TROW: 28.5%)P/E Ratio<
x
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