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Alarm.com Holdings, Inc.（ALRM）与APPFOLIO INC（APPF）财务数据对比。点击上方公司名可切换其他公司
APPFOLIO INC的季度营收约是Alarm.com Holdings, Inc.的1.0倍（$262.2M vs $261.7M），APPFOLIO INC净利率更高（16.2% vs 13.2%，领先3.0%），APPFOLIO INC同比增速更快（20.4% vs 8.0%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs 8.3%）
Alarm.com Holdings, Inc.是一家美国科技企业，成立于2000年，由微策略公司分拆而来，总部位于弗吉尼亚州泰森斯。公司主营云服务，为用户提供远程控制、智能家居及报警监测相关解决方案，是家庭智能安防领域的重要服务商。
AppFolio Inc.是一家2006年成立的美国企业，专注服务房地产行业，为客户提供软件即服务（SaaS）类应用产品及相关配套服务，助力房地产相关经营主体优化管理流程、提升运营效率。
ALRM vs APPF — 直观对比
营收规模更大
APPF
是对方的1.0倍
$261.7M
营收增速更快
APPF
高出12.4%
8.0%
净利率更高
APPF
高出3.0%
13.2%
两年增速更快
APPF
近两年复合增速
8.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $262.2M |
| 净利润 | $34.6M | $42.4M |
| 毛利率 | 66.0% | — |
| 营业利润率 | 13.4% | 19.4% |
| 净利率 | 13.2% | 16.2% |
| 营收同比 | 8.0% | 20.4% |
| 净利润同比 | 14.8% | 35.2% |
| 每股收益（稀释后） | $0.66 | $1.18 |
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ALRMAPPF
| Q1 26 | — | $262.2M | ||
| Q4 25 | $261.7M | $248.2M | ||
| Q3 25 | $256.4M | $249.4M | ||
| Q2 25 | $254.3M | $235.6M | ||
| Q1 25 | $238.8M | $217.7M | ||
| Q4 24 | $242.2M | $203.7M | ||
| Q3 24 | $240.5M | $205.7M | ||
| Q2 24 | $233.8M | $197.4M |
净利润ALRMAPPF
| Q1 26 | — | $42.4M | ||
| Q4 25 | $34.6M | $39.9M | ||
| Q3 25 | $35.1M | $33.6M | ||
| Q2 25 | $34.2M | $36.0M | ||
| Q1 25 | $27.7M | $31.4M | ||
| Q4 24 | $30.1M | $102.7M | ||
| Q3 24 | $36.7M | $33.0M | ||
| Q2 24 | $33.5M | $29.7M |
毛利率ALRMAPPF
| Q1 26 | — | — | ||
| Q4 25 | 66.0% | — | ||
| Q3 25 | 65.8% | — | ||
| Q2 25 | 65.6% | — | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | 65.5% | — | ||
| Q3 24 | 64.8% | — | ||
| Q2 24 | 65.2% | — |
营业利润率ALRMAPPF
| Q1 26 | — | 19.4% | ||
| Q4 25 | 13.4% | 17.6% | ||
| Q3 25 | 14.4% | 14.1% | ||
| Q2 25 | 12.6% | 17.2% | ||
| Q1 25 | 12.4% | 15.5% | ||
| Q4 24 | 12.7% | 11.3% | ||
| Q3 24 | 13.8% | 20.7% | ||
| Q2 24 | 11.0% | 18.3% |
净利率ALRMAPPF
| Q1 26 | — | 16.2% | ||
| Q4 25 | 13.2% | 16.1% | ||
| Q3 25 | 13.7% | 13.5% | ||
| Q2 25 | 13.5% | 15.3% | ||
| Q1 25 | 11.6% | 14.4% | ||
| Q4 24 | 12.4% | 50.4% | ||
| Q3 24 | 15.3% | 16.0% | ||
| Q2 24 | 14.3% | 15.0% |
每股收益（稀释后）ALRMAPPF
| Q1 26 | — | $1.18 | ||
| Q4 25 | $0.66 | $1.10 | ||
| Q3 25 | $0.65 | $0.93 | ||
| Q2 25 | $0.63 | $0.99 | ||
| Q1 25 | $0.52 | $0.86 | ||
| Q4 24 | $0.56 | $2.79 | ||
| Q3 24 | $0.67 | $0.90 | ||
| Q2 24 | $0.62 | $0.81 |
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 | $960.6M | $147.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $848.2M | $470.2M |
| 总资产 | $2.1B | $580.6M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ALRMAPPF
| Q1 26 | — | $147.4M | ||
| Q4 25 | $960.6M | $107.0M | ||
| Q3 25 | $1.1B | $76.1M | ||
| Q2 25 | $1.0B | $73.5M | ||
| Q1 25 | $1.2B | $56.9M | ||
| Q4 24 | $1.2B | $42.5M | ||
| Q3 24 | $1.2B | $62.4M | ||
| Q2 24 | $1.1B | $59.6M |
股东权益ALRMAPPF
| Q1 26 | — | $470.2M | ||
| Q4 25 | $848.2M | $542.6M | ||
| Q3 25 | $827.2M | $498.9M | ||
| Q2 25 | $797.3M | $455.6M | ||
| Q1 25 | $759.6M | $462.1M | ||
| Q4 24 | $726.5M | $519.3M | ||
| Q3 24 | $690.3M | $412.8M | ||
| Q2 24 | $645.5M | $371.4M |
总资产ALRMAPPF
| Q1 26 | — | $580.6M | ||
| Q4 25 | $2.1B | $689.0M | ||
| Q3 25 | $2.1B | $640.5M | ||
| Q2 25 | $2.1B | $567.4M | ||
| Q1 25 | $2.1B | $564.7M | ||
| Q4 24 | $2.0B | $626.7M | ||
| Q3 24 | $2.0B | $523.3M | ||
| Q2 24 | $1.9B | $479.3M |
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 | $35.9M | $34.3M |
| 自由现金流经营现金流 - 资本支出 | $35.1M | — |
| 自由现金流率自由现金流/营收 | 13.4% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 1.04× | 0.81× |
| 过去12个月自由现金流最近4个季度 | $137.0M | — |
8季度趋势，按日历期对齐
经营现金流ALRMAPPF
| Q1 26 | — | $34.3M | ||
| Q4 25 | $35.9M | $65.0M | ||
| Q3 25 | $70.6M | $86.0M | ||
| Q2 25 | $22.7M | $52.6M | ||
| Q1 25 | $24.1M | $38.5M | ||
| Q4 24 | $56.3M | $36.6M | ||
| Q3 24 | $77.3M | $57.8M | ||
| Q2 24 | $23.0M | $50.9M |
自由现金流ALRMAPPF
| Q1 26 | — | — | ||
| Q4 25 | $35.1M | $63.7M | ||
| Q3 25 | $65.9M | $84.7M | ||
| Q2 25 | $18.2M | $52.4M | ||
| Q1 25 | $17.9M | $38.2M | ||
| Q4 24 | $54.0M | $36.4M | ||
| Q3 24 | $74.5M | $57.4M | ||
| Q2 24 | $21.0M | $50.8M |
自由现金流率ALRMAPPF
| Q1 26 | — | — | ||
| Q4 25 | 13.4% | 25.7% | ||
| Q3 25 | 25.7% | 34.0% | ||
| Q2 25 | 7.1% | 22.2% | ||
| Q1 25 | 7.5% | 17.6% | ||
| Q4 24 | 22.3% | 17.9% | ||
| Q3 24 | 31.0% | 27.9% | ||
| Q2 24 | 9.0% | 25.8% |
资本支出强度ALRMAPPF
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 0.5% | ||
| Q3 25 | 1.9% | 0.5% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 2.6% | 0.1% | ||
| Q4 24 | 0.9% | 0.1% | ||
| Q3 24 | 1.2% | 0.2% | ||
| Q2 24 | 0.9% | 0.0% |
现金转化率ALRMAPPF
| Q1 26 | — | 0.81× | ||
| Q4 25 | 1.04× | 1.63× | ||
| Q3 25 | 2.01× | 2.56× | ||
| Q2 25 | 0.66× | 1.46× | ||
| Q1 25 | 0.87× | 1.23× | ||
| Q4 24 | 1.87× | 0.36× | ||
| Q3 24 | 2.11× | 1.75× | ||
| Q2 24 | 0.69× | 1.71× |
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
ALRM
| License And Service | $180.2M | 69% |
| Hardwareand Other Revenue | $81.4M | 31% |
APPF
| Value Added Services | $164.7M | 63% |
| Subscription Services | $58.2M | 22% |
| Other | $39.3M | 15% |
