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雅保（ALB）与AppLovin Corp（APP）财务数据对比。点击上方公司名可切换其他公司
雅保的季度营收约是AppLovin Corp的1.1倍（$1.4B vs $1.3B），AppLovin Corp净利率更高（82.7% vs -29.0%，领先111.7%），雅保同比增速更快（15.9% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 2.4%）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
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。
ALB vs APP — 直观对比
营收规模更大
ALB
是对方的1.1倍
$1.3B
营收增速更快
ALB
高出18.8%
-2.9%
净利率更高
APP
高出111.7%
-29.0%
两年增速更快
APP
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $-414.2M | $1.1B |
| 毛利率 | 13.9% | 95.2% |
| 营业利润率 | -15.2% | — |
| 净利率 | -29.0% | 82.7% |
| 营收同比 | 15.9% | -2.9% |
| 净利润同比 | -650.1% | 84.0% |
| 每股收益（稀释后） | $-3.88 | $3.24 |
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ALBAPP
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
净利润ALBAPP
| Q4 25 | $-414.2M | $1.1B | ||
| Q3 25 | $-160.7M | $835.5M | ||
| Q2 25 | $22.9M | $819.5M | ||
| Q1 25 | $41.3M | $576.4M | ||
| Q4 24 | $75.3M | $599.2M | ||
| Q3 24 | $-1.1B | $434.4M | ||
| Q2 24 | $-188.2M | $310.0M | ||
| Q1 24 | $2.4M | $236.2M |
毛利率ALBAPP
| Q4 25 | 13.9% | 95.2% | ||
| Q3 25 | 9.0% | 87.6% | ||
| Q2 25 | 14.8% | 87.7% | ||
| Q1 25 | 14.5% | 81.7% | ||
| Q4 24 | 11.2% | 76.7% | ||
| Q3 24 | -7.7% | 77.5% | ||
| Q2 24 | -0.7% | 73.8% | ||
| Q1 24 | 2.9% | 72.2% |
营业利润率ALBAPP
| Q4 25 | -15.2% | — | ||
| Q3 25 | -16.6% | 76.8% | ||
| Q2 25 | 3.6% | 76.1% | ||
| Q1 25 | 1.8% | 44.7% | ||
| Q4 24 | 0.4% | 44.3% | ||
| Q3 24 | -81.9% | 44.6% | ||
| Q2 24 | -34.4% | 36.2% | ||
| Q1 24 | -13.2% | 32.1% |
净利率ALBAPP
| Q4 25 | -29.0% | 82.7% | ||
| Q3 25 | -12.3% | 59.5% | ||
| Q2 25 | 1.7% | 65.1% | ||
| Q1 25 | 3.8% | 38.8% | ||
| Q4 24 | 6.1% | 43.6% | ||
| Q3 24 | -78.9% | 36.3% | ||
| Q2 24 | -13.2% | 28.7% | ||
| Q1 24 | 0.2% | 22.3% |
每股收益（稀释后）ALBAPP
| Q4 25 | $-3.88 | $3.24 | ||
| Q3 25 | $-1.72 | $2.45 | ||
| Q2 25 | $-0.16 | $2.39 | ||
| Q1 25 | $0.00 | $1.67 | ||
| Q4 24 | $0.29 | $1.72 | ||
| Q3 24 | $-9.45 | $1.25 | ||
| Q2 24 | $-1.96 | $0.89 | ||
| Q1 24 | $-0.08 | $0.67 |
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 | — | $2.5B |
| 总债务越低越好 | $3.2B | $3.5B |
| 股东权益账面价值 | $9.5B | $2.1B |
| 总资产 | $16.4B | $7.3B |
| 负债/权益比越低杠杆越低 | 0.33× | 1.65× |
8季度趋势，按日历期对齐
现金及短期投资ALBAPP
| Q4 25 | — | $2.5B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.5B | $551.0M | ||
| Q4 24 | $1.2B | $741.4M | ||
| Q3 24 | $1.7B | $567.6M | ||
| Q2 24 | $1.8B | $460.4M | ||
| Q1 24 | $2.1B | $436.3M |
总债务ALBAPP
| Q4 25 | $3.2B | $3.5B | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | $3.5B | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.5B | — |
股东权益ALBAPP
| Q4 25 | $9.5B | $2.1B | ||
| Q3 25 | $10.0B | $1.5B | ||
| Q2 25 | $10.2B | $1.2B | ||
| Q1 25 | $10.0B | $575.4M | ||
| Q4 24 | $10.0B | $1.1B | ||
| Q3 24 | $10.2B | $938.2M | ||
| Q2 24 | $11.2B | $814.8M | ||
| Q1 24 | $11.5B | $760.2M |
总资产ALBAPP
| Q4 25 | $16.4B | $7.3B | ||
| Q3 25 | $17.1B | $6.3B | ||
| Q2 25 | $17.3B | $6.0B | ||
| Q1 25 | $17.0B | $5.7B | ||
| Q4 24 | $16.6B | $5.9B | ||
| Q3 24 | $17.5B | $5.4B | ||
| Q2 24 | $18.4B | $5.3B | ||
| Q1 24 | $19.0B | $5.3B |
负债/权益比ALBAPP
| Q4 25 | 0.33× | 1.65× | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | 3.22× | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.31× | — |
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 | $388.5M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $233.1M | — |
| 自由现金流率自由现金流/营收 | 16.3% | — |
| 资本支出强度资本支出/营收 | 10.9% | — |
| 现金转化率经营现金流/净利润 | — | 1.19× |
| 过去12个月自由现金流最近4个季度 | $692.5M | — |
8季度趋势，按日历期对齐
经营现金流ALBAPP
| Q4 25 | $388.5M | $1.3B | ||
| Q3 25 | $355.6M | $1.1B | ||
| Q2 25 | $-7.2M | $772.2M | ||
| Q1 25 | $545.4M | $831.7M | ||
| Q4 24 | $674.0K | $701.0M | ||
| Q3 24 | $240.5M | $550.7M | ||
| Q2 24 | $362.9M | $454.5M | ||
| Q1 24 | $98.0M | $392.8M |
自由现金流ALBAPP
| Q4 25 | $233.1M | — | ||
| Q3 25 | $223.4M | — | ||
| Q2 25 | $-126.8M | — | ||
| Q1 25 | $362.8M | — | ||
| Q4 24 | $-355.1M | — | ||
| Q3 24 | $-62.6M | — | ||
| Q2 24 | $-84.7M | — | ||
| Q1 24 | $-481.4M | — |
自由现金流率ALBAPP
| Q4 25 | 16.3% | — | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | -9.5% | — | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | -28.8% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -5.9% | — | ||
| Q1 24 | -35.4% | — |
资本支出强度ALBAPP
| Q4 25 | 10.9% | — | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 31.3% | — | ||
| Q1 24 | 42.6% | — |
现金转化率ALBAPP
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | -0.31× | 0.94× | ||
| Q1 25 | 13.19× | 1.44× | ||
| Q4 24 | 0.01× | 1.17× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | 40.01× | 1.66× |
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
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
APP
| Other | $673.9M | 51% |
| US | $659.0M | 49% |
