APAM
Artisan Partners Asset Management Inc.
APAM's fundamentals are mixed: revenue grew 8.7%, while its operating margin held steady at 33%. At 8.9x earnings, it's trading below its usual 12x. Analysts expect earnings to decline.
CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
APAM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
APAM's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like APAM.
CIFR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| N/A | |
| N/A |
CIFR's revenue and profitability are currently weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like CIFR.
APAM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.9x | $38.02 | -0.2% |
| Current | 8.9x | $38.10 | — |
| Forward | 10x | $38.10 | — |
| Fair | 12x | $50.23 | +32% |
| Expensive | 14x | $58.90 | +55% |
Historical ranges are pointers, not guarantees.
APAM's PE is in its cheap range at 8.9x. Analysts expect earnings to fall, which would put today's price at 10x next year's earnings, in its fair range.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
APAM Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect APAM's earnings and profitability to decline, with its revenue holding steady.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
CIFR has the edge over APAM on the outlook, with more favorable earnings and revenue expectations.
APAM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.68 | -14% |
| Q3 2026 | $4.27 | +16% |
| Q2 2026 | $4.16 | +10% |
| Q1 2026 | $3.99 | +9.6% |
| Q4 2025 | $4.05 | +11% |
| Q3 2025 | $3.68 | +1.7% |
| Q2 2025 | $3.78 | +13% |
| Q1 2025 | $3.64 | +10% |
| Q4 2024 | $3.66 | +15% |
APAM has the edge over CIFR on earnings quality, reporting a profit while its opponent remains loss making.
CIFR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.06 | -$2.86 |
| Q2 2026 | -$2.85 | -$2.40 |
| Q1 2026 | -$2.32 | -$1.94 |
| Q4 2025 | -$2.15 | -$2.01 |
| Q3 2025 | -$0.20 | -$0.07 |
| Q2 2025 | -$0.45 | -850% |
| Q1 2025 | -$0.38 | -733% |
| Q4 2024 | -$0.14 | -$0.04 |
CIFR lost $3.06 per share over the past year, and its loss has widened in each of the last four quarters.
APAM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $312.5M | +3.7% |
| Q2 2026 | $307.9M | +8.9% |
| Q1 2026 | $303M | +9.3% |
| Q4 2025 | $335.5M | +13% |
| Q3 2025 | $301.3M | +7.8% |
| Q2 2025 | $282.7M | +4.4% |
| Q1 2025 | $277.1M | +4.8% |
| Q4 2024 | $297.1M | +19% |
APAM has the edge over CIFR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +1.3 points |
| Q2 2026 | 27% | -0.7 points |
| Q1 2026 | 31% | -0.1 points |
| Q4 2025 | 39% | +2.5 points |
| Q3 2025 | 34% | +0.5 points |
| Q2 2025 | 28% | -3.8 points |
| Q1 2025 | 31% | +1.8 points |
| Q4 2024 | 37% | +6.1 points |
APAM has the edge over CIFR on profitability, with a higher operating margin.
CIFR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $26.7M | -63% |
| Q2 2026 | $24.8M | -43% |
| Q1 2026 | $34.8M | -29% |
| Q4 2025 | $59.7M | +41% |
| Q3 2025 | $71.7M | +198% |
| Q2 2025 | $43.6M | +18% |
| Q1 2025 | $49M | +1.7% |
| Q4 2024 | $42.2M | -2.8% |
CIFR's revenue has slid since its 2025 peak: $27M last quarter, down 63% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -269% | -217 points |
| Q2 2026 | -316% | -212 points |
| Q1 2026 | -329% | -251 points |
| Q4 2025 | -503% | -544 points |
| Q3 2025 | -52% | +327 points |
| Q2 2025 | -104% | -60 points |
| Q1 2025 | -78% | -175 points |
| Q4 2024 | 40% | +4 points |
CIFR's operating margin was −269% last quarter, down 217 points from the same quarter a year ago.
APAM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $108.4M | +168% |
| Q2 2026 | $115.4M | +127% |
| Q1 2026 | $181.2M | +15% |
| Q4 2025 | -$77.3M | -311% |
| Q3 2025 | $40.4M | -64% |
| Q2 2025 | $50.9M | -32% |
| Q1 2025 | $157.7M | +7.3% |
| Q4 2024 | $36.7M | +$48.2M |
APAM has the edge over CIFR on cash generation, producing positive trailing cash flow while its opponent burns cash.
CIFR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.7B | -$1.4B |
| Q2 2026 | -$653.8M | -$566.3M |
| Q1 2026 | -$462.5M | -$390.7M |
| Q4 2025 | -$280.3M | -$204.2M |
| Q3 2025 | -$256.2M | -$173.1M |
| Q2 2025 | -$87.5M | -$54.3M |
| Q1 2025 | -$71.8M | -$37.3M |
| Q4 2024 | -$76.1M | +$38M |
CIFR's free cash flow was −$3.1B over the past year, against −$492M the year before. Free cash flow isn't a meaningful measure for financial services companies like CIFR.
APAM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +24.4K shares |
| 1 year | +1.1% | +713K shares |
| 3 years | +4.5% | +2.9M shares |
| 5 years | +18% | +10M shares |
APAM has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
CIFR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.4% | +30.3M shares |
| 1 year | +12% | +46.5M shares |
| 3 years | +75% | +188M shares |
| 5 years | +102% | +222M shares |
CIFR has 440M diluted shares, up 12% from a year ago, despite $151M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7M |
| Q2 2026 | $45.2M |
| Q1 2026 | $3.8M |
| Q4 2025 | $82.3M |
| Q3 2025 | $3M |
| Q2 2025 | $3.2M |
| Q1 2025 | $1.1M |
| Q4 2024 | $16.9M |
CIFR spent $151M buying back its own shares over the past year, about six times what it spent the year before.
APAM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
APAM has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like APAM.
CIFR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -2.3x | Net Cash |
| Q1 2025 | 125.4x | High |
| Q4 2024 | 0.5x | Very low |
| Q3 2024 | -0.7x | Net Cash |
| Q2 2024 | -1.2x | Net Cash |
| Q1 2024 | -0.9x | Net Cash |
| Q4 2023 | -2.2x | Net Cash |
| Q2 2023 | -0.1x | Net Cash |
CIFR has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like CIFR.
APAM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.1 | Neutral |
| Stochastic | 52.8 | Neutral |
APAM's weekly RSI is 51 (neutral) and its Stochastic is 53 (neutral).
CIFR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.4 | Neutral |
| Stochastic | 7.8 | Oversold |
CIFR's weekly RSI is 34 (neutral) and its Stochastic is 8 (oversold).
APAM PE vs Financial Services Sector
| Metric | APAM | Sector median | Relative |
|---|---|---|---|
| PE | 8.9x | 13x | 31% below |
| PE % | 17 | 63 | 46 pts below |
APAM is trading at 8.9x earnings, a 31% discount to the Financial Services sector's median of 13x.
CIFR PE vs Financial Services Sector
| Metric | CIFR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
CIFR has no meaningful PE right now: it lost money over the past year.
APAM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.5 | 7.3% above |
| 20 week MA | $38.0 | 0.3% above |
| 50 week MA | $38.8 | 1.8% below |
| 100 week MA | $40.8 | 6.6% below |
| 200 week MA | $40.3 | 5.5% below |
APAM has the edge over CIFR on trend strength, trading above more of its moving averages.
CIFR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.6 | 33% below |
| 20 week MA | $15.5 | 54% below |
| 50 week MA | $17.0 | 58% below |
| 100 week MA | $12.2 | 41% below |
| 200 week MA | $7.86 | 9% below |
CIFR is in a downtrend: it's below all five of its weekly moving averages, and 9% below its 200-week average.
APAM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.2 | $49.9 | +55% |
| 2021 | $49.9 | $47.0 | -5.9% |
| 2022 | $47.0 | $30.8 | -34% |
| 2023 | $30.8 | $44.2 | +43% |
| 2024 | $44.2 | $44.0 | -0.5% |
| 2025 | $44.0 | $41.8 | -4.9% |
| 2026 YTD | $41.8 | $38.1 | -8.9% |
APAM has the edge over CIFR on returns for 2026, with the stronger performance.
CIFR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.92 | $9.95 | +0.3% |
| 2021 | $9.95 | $5.21 | -48% |
| 2022 | $5.21 | $0.54 | -90% |
| 2023 | $0.54 | $4.13 | +665% |
| 2024 | $4.13 | $4.86 | +18% |
| 2025 | $4.86 | $15.2 | +213% |
| 2026 YTD | $15.2 | $7.15 | -53% |
CIFR's yearly returns have swung widely, from +665% in 2023 to −90% in 2022. It's down 53% so far in 2026.