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Artisan Partners Asset Management vs Victory Capital Holdings

Artisan Partners Asset Management and Victory Capital Holdings are similar in size: $1.20bn and $1.31bn of revenue in their latest fiscal years. Victory Capital Holdings grew faster (46.2% against 7.6%). Victory Capital Holdings kept more of each dollar of sales as profit: a net margin of 25.3% against 24.3%. Victory Capital Holdings carries less debt relative to equity (40.0% against 43.3%).

Latest fiscal yearArtisan Partners Asset ManagementAPAM, 2025Victory Capital HoldingsVCTR, 2025
Revenue $1.20bn $1.31bn
Revenue growth 7.6% 46.2%
Net income $290m $330m
Operating margin 33.4% 36.6%
Net margin 24.3% 25.3%
Return on equity 70.1% 18.6%
Free cash flow $172m $381m
Cash $256m $164m
Total debt $190m $970m
Debt to equity 43.3% 40.0%
Dividend per share $3.63 $1.94
Dividend yield 9.2% 2.4%
Share buybacks — $196m
Employees 567 699
Market value $3.12bn $7.04bn
Price vs our value range — —
Moat score 80 (Strong) 85 (Strong)
Insider trades, 12 months 0 buys, 1 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.