TORVANTA
Other · S&P 500 · data as of 2026-10-05

APAM stock analysis: APAM

APAM (APAM) is an S&P 500 company in Other. It grades strongest on profitability and value.

The model's view of APAM · subscribers

Where APAM ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with APAM · updated 2026-10-05 · from prices and SEC filings

APAM price performance

APAM against the S&P 500, one year
-10%+0%+10%+20%S&P 500 +18%APAM -13%2025-09-292026-10-05
Year to date-8.8%S&P 500 +14.5% · behind by 23.4 pts
1 year-13.7%S&P 500 +17.0% · behind by 30.8 pts
3 years+22.6%S&P 500 +89.3% · behind by 66.7 pts
5 years+6.0%S&P 500 +91.3% · behind by 85.3 pts

Total returns with dividends reinvested.

APAM factor grades

Each grade compares APAM with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

A-ValueP/E 8.3x (industry 20.1x)FCF yield 11.4% (industry 6.0%)
CGrowthRevenue growth +10% (industry +8%)EPS growth +9% (industry +10%)
AProfitabilityOperating margin 33.0% (industry 9.6%)ROIC 122.4% (industry 10.1%)
CMomentum12-month change -14%From 52-wk high -21%

APAM in plain numbers

APAM key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$2.3B
Revenue growth (y/y)+10%
Free-cash-flow yield11.4%
Dividend yield11.7%
Next earnings (expected)2026-10-27
Valuation measures
Market value$2.3B
Enterprise value$2.1B
P/E (trailing)8.3x
Forward P/E (Torvanta estimate)7.9x
PEG (Torvanta estimate)1.46
Price / sales1.8x
Price / book5.4x
EV / revenue1.7x
EV / EBITDA5.0x
Financial highlights
Revenue, last 12 months$1.2B
Net income, last 12 months$300.5M
EPS, last 12 months (GAAP)$4.12
Operating margin33.0%
Net margin24.1%
Return on equity74.9%
Return on invested capital122.4%
Cash$350.6M
Total debt$190.0M
Debt / equity0.45x
Free cash flow, last 12 months$259.7M
Interest cover52.2x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

APAM earnings trends

Revenue vs earnings
$0$83.9M$167.8M$251.6M$335.5MSep 2024 Revenue: $279.6MDec 2024 Revenue: $297.1MMar 2025 Revenue: $277.1MJun 2025 Revenue: $282.7MSep 2025 Revenue: $301.3MDec 2025 Revenue: $335.5MMar 2026 Revenue: $303.0MJun 2026 Revenue: $307.9MSep 2024 Net income: $73.0MDec 2024 Net income: $69.7MMar 2025 Net income: $61.1MJun 2025 Net income: $67.6MSep 2025 Net income: $66.8MDec 2025 Net income: $94.8MMar 2026 Net income: $58.0MJun 2026 Net income: $80.8MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 26.1%Net margin: 23.5%Net margin: 22.1%Net margin: 23.9%Net margin: 22.2%Net margin: 28.3%Net margin: 19.2%Net margin: 26.3%0%14%28%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.3$0.7$1.0$1.3Sep 2024 EPS (GAAP, diluted): $1.0Dec 2024 EPS (GAAP, diluted): $1.0Mar 2025 EPS (GAAP, diluted): $0.8Jun 2025 EPS (GAAP, diluted): $0.9Sep 2025 EPS (GAAP, diluted): $0.9Dec 2025 EPS (GAAP, diluted): $1.3Mar 2026 EPS (GAAP, diluted): $0.8Jun 2026 EPS (GAAP, diluted): $1.1Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -10% · Dec 2025 +35% · Mar 2026 -7% · Jun 2026 +18%

From the company's 10-Q and 10-K filings with the SEC.

APAM financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$1.2B$1.0B$1.0B$1.1B$1.2B
Net income$336.5M$206.8M$222.3M$259.7M$290.3M
EPS (GAAP)$5.07$2.94$3.16$3.65$4.01
Free cash flow$396.1M$306.0M$250.8M$371.3M$171.6M

APAM earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-28$1.11+18%+9%+1.4%
2026-04-28$0.76-7%+9%-3.4%
2026-02-03$1.32+35%+13%-1.9%
2025-10-28$0.93-10%+8%-2.8%
2025-07-29$0.94+18%+4%-3.3%
2025-04-29$0.82-2%+5%-1.3%

About APAM

HeadquartersMilwaukee, WI
Industry (SEC code)Investment Advice
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE

From the company's SEC registration record.

Companies similar to APAM

CompanyMarket valueP/ERevenue growthOperating margin12-month change
APAM APAM$2.3B8.3x+10%33.0%-14%
MBIN MBIN$2.3B10.0xn/an/a+56%compare
LTC LTC$2.3B15.2x+60%62.6%+25%compare
ANDE ANDE$2.3Bn/a-5%n/a+64%compare
RAMP RAMP$2.3B15.6x+9%11.6%+38%
ADMA ADMA$2.3B14.4x+8%43.8%-31%
PBI PBI$2.3B13.7x-5%n/a+56%

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Frequently asked questions

Is APAM stock a buy?

Torvanta does not tell individuals what to buy. Its grades for APAM are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is APAM's P/E ratio?

APAM trades at about 8.3 times its last 12 months of GAAP earnings reported to the SEC, and about 7.9 times Torvanta's own estimate of the next 12 months.

When does APAM report earnings next?

Based on its filing history, Torvanta expects APAM to report around 2026-10-27.

Does APAM pay a dividend?

Yes. Its dividend yield is about 11.7%, and it has raised its dividend 2 years in a row.

How has APAM performed against the S&P 500?

Over the past year APAM returned -13.7%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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