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西联汇款（AFG）与AppLovin Corp（APP）财务数据对比。点击上方公司名可切换其他公司
西联汇款的季度营收约是AppLovin Corp的1.1倍（$2.1B vs $1.8B），AppLovin Corp净利率更高（65.5% vs 14.5%，领先51.0%），AppLovin Corp同比增速更快（59.0% vs -4.0%），过去两年AppLovin Corp的营收复合增速更高（30.6% vs 4.0%）
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，为全球个人及商业客户提供跨境汇款、支付等多元金融解决方案，在全球绝大多数国家和地区拥有覆盖广泛的服务网络。
AppLovin是总部位于美国加利福尼亚州帕洛阿尔托的移动科技公司，成立于2012年，旗下拥有SSP MAX、DSP AppDiscovery营销平台及SparkLabs创意工作室，可为开发者提供应用推广、变现、分析及发行服务，同时也对多家移动游戏发行商开展投资。
AFG vs APP — 直观对比
营收规模更大
AFG
是对方的1.1倍
$1.8B
营收增速更快
APP
高出63.0%
-4.0%
净利率更高
APP
高出51.0%
14.5%
两年增速更快
APP
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.8B |
| 净利润 | $299.0M | $1.2B |
| 毛利率 | — | 88.9% |
| 营业利润率 | 18.4% | 78.2% |
| 净利率 | 14.5% | 65.5% |
| 营收同比 | -4.0% | 59.0% |
| 净利润同比 | 17.3% | 109.2% |
| 每股收益（稀释后） | $3.59 | $3.56 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AFGAPP
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.4B | $1.2B | ||
| Q2 24 | $1.9B | $1.1B |
净利润AFGAPP
| Q1 26 | — | $1.2B | ||
| Q4 25 | $299.0M | $1.1B | ||
| Q3 25 | $215.0M | $835.5M | ||
| Q2 25 | $174.0M | $819.5M | ||
| Q1 25 | $154.0M | $576.4M | ||
| Q4 24 | $255.0M | $599.2M | ||
| Q3 24 | $181.0M | $434.4M | ||
| Q2 24 | $209.0M | $310.0M |
毛利率AFGAPP
| Q1 26 | — | 88.9% | ||
| Q4 25 | — | 95.2% | ||
| Q3 25 | — | 87.6% | ||
| Q2 25 | — | 87.7% | ||
| Q1 25 | — | 81.7% | ||
| Q4 24 | — | 76.7% | ||
| Q3 24 | — | 77.5% | ||
| Q2 24 | — | 73.8% |
营业利润率AFGAPP
| Q1 26 | — | 78.2% | ||
| Q4 25 | 18.4% | — | ||
| Q3 25 | 11.5% | 76.8% | ||
| Q2 25 | 11.9% | 76.1% | ||
| Q1 25 | 10.6% | 44.7% | ||
| Q4 24 | 14.9% | 44.3% | ||
| Q3 24 | 9.7% | 44.6% | ||
| Q2 24 | 14.3% | 36.2% |
净利率AFGAPP
| Q1 26 | — | 65.5% | ||
| Q4 25 | 14.5% | 82.7% | ||
| Q3 25 | 9.2% | 59.5% | ||
| Q2 25 | 9.0% | 65.1% | ||
| Q1 25 | 8.3% | 38.8% | ||
| Q4 24 | 11.9% | 43.6% | ||
| Q3 24 | 7.6% | 36.3% | ||
| Q2 24 | 11.0% | 28.7% |
每股收益（稀释后）AFGAPP
| Q1 26 | — | $3.56 | ||
| Q4 25 | $3.59 | $3.24 | ||
| Q3 25 | $2.58 | $2.45 | ||
| Q2 25 | $2.07 | $2.39 | ||
| Q1 25 | $1.84 | $1.67 | ||
| Q4 24 | $3.03 | $1.72 | ||
| Q3 24 | $2.16 | $1.25 | ||
| Q2 24 | $2.49 | $0.89 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.7B | $2.8B |
| 总债务越低越好 | $1.8B | $3.5B |
| 股东权益账面价值 | $4.8B | $2.4B |
| 总资产 | $32.6B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.38× | 1.49× |
8季度趋势，按日历期对齐
现金及短期投资AFGAPP
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.7B | $2.5B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $551.0M | ||
| Q4 24 | $1.4B | $741.4M | ||
| Q3 24 | $1.3B | $567.6M | ||
| Q2 24 | $1.1B | $460.4M |
总债务AFGAPP
| Q1 26 | — | $3.5B | ||
| Q4 25 | $1.8B | $3.5B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $3.5B | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
股东权益AFGAPP
| Q1 26 | — | $2.4B | ||
| Q4 25 | $4.8B | $2.1B | ||
| Q3 25 | $4.7B | $1.5B | ||
| Q2 25 | $4.5B | $1.2B | ||
| Q1 25 | $4.4B | $575.4M | ||
| Q4 24 | $4.5B | $1.1B | ||
| Q3 24 | $4.7B | $938.2M | ||
| Q2 24 | $4.4B | $814.8M |
总资产AFGAPP
| Q1 26 | — | $7.7B | ||
| Q4 25 | $32.6B | $7.3B | ||
| Q3 25 | $33.8B | $6.3B | ||
| Q2 25 | $30.7B | $6.0B | ||
| Q1 25 | $30.3B | $5.7B | ||
| Q4 24 | $30.8B | $5.9B | ||
| Q3 24 | $32.6B | $5.4B | ||
| Q2 24 | $29.9B | $5.3B |
负债/权益比AFGAPP
| Q1 26 | — | 1.49× | ||
| Q4 25 | 0.38× | 1.65× | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | 3.22× | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | 0.34× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $784.0M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | — | $1.3B |
| 自由现金流率自由现金流/营收 | — | 69.8% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.62× | 1.07× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AFGAPP
| Q1 26 | — | $1.3B | ||
| Q4 25 | $784.0M | $1.3B | ||
| Q3 25 | $216.0M | $1.1B | ||
| Q2 25 | $191.0M | $772.2M | ||
| Q1 25 | $342.0M | $831.7M | ||
| Q4 24 | $674.0M | $701.0M | ||
| Q3 24 | $459.0M | $550.7M | ||
| Q2 24 | $-88.0M | $454.5M |
自由现金流AFGAPP
| Q1 26 | — | $1.3B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率AFGAPP
| Q1 26 | — | 69.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率AFGAPP
| Q1 26 | — | 1.07× | ||
| Q4 25 | 2.62× | 1.19× | ||
| Q3 25 | 1.00× | 1.26× | ||
| Q2 25 | 1.10× | 0.94× | ||
| Q1 25 | 2.22× | 1.44× | ||
| Q4 24 | 2.64× | 1.17× | ||
| Q3 24 | 2.54× | 1.27× | ||
| Q2 24 | -0.42× | 1.47× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
APP
暂无分部数据
