vs
APA Corporation（APA）与AppLovin Corp（APP）财务数据对比。点击上方公司名可切换其他公司
APA Corporation的季度营收约是AppLovin Corp的1.7倍（$2.2B vs $1.3B），AppLovin Corp净利率更高（82.7% vs 15.0%，领先67.7%），AppLovin Corp同比增速更快（-2.9% vs -24.3%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 1.4%）
APA Corporation是美国能源企业阿帕奇公司的控股主体，主要从事碳氢化合物资源勘探相关业务，在特拉华州注册成立，总部位于得克萨斯州休斯敦，是北美地区拥有丰富项目经验的能源勘探运营企业。
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。
APA vs APP — 直观对比
营收规模更大
APA
是对方的1.7倍
$1.3B
营收增速更快
APP
高出21.4%
-24.3%
净利率更高
APP
高出67.7%
15.0%
两年增速更快
APP
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.3B |
| 净利润 | $331.0M | $1.1B |
| 毛利率 | — | 95.2% |
| 营业利润率 | 32.5% | — |
| 净利率 | 15.0% | 82.7% |
| 营收同比 | -24.3% | -2.9% |
| 净利润同比 | -22.1% | 84.0% |
| 每股收益（稀释后） | $0.79 | $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APAAPP
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.7B | $1.5B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $2.8B | $1.1B | ||
| Q1 24 | $2.1B | $1.1B |
净利润APAAPP
| Q4 25 | $331.0M | $1.1B | ||
| Q3 25 | $205.0M | $835.5M | ||
| Q2 25 | $603.0M | $819.5M | ||
| Q1 25 | $418.0M | $576.4M | ||
| Q4 24 | $425.0M | $599.2M | ||
| Q3 24 | $-223.0M | $434.4M | ||
| Q2 24 | $541.0M | $310.0M | ||
| Q1 24 | $212.0M | $236.2M |
毛利率APAAPP
| 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% | ||
| Q1 24 | — | 72.2% |
营业利润率APAAPP
| Q4 25 | 32.5% | — | ||
| Q3 25 | 33.7% | 76.8% | ||
| Q2 25 | 31.8% | 76.1% | ||
| Q1 25 | 31.9% | 44.7% | ||
| Q4 24 | 31.4% | 44.3% | ||
| Q3 24 | -5.2% | 44.6% | ||
| Q2 24 | 34.4% | 36.2% | ||
| Q1 24 | 32.2% | 32.1% |
净利率APAAPP
| Q4 25 | 15.0% | 82.7% | ||
| Q3 25 | 9.0% | 59.5% | ||
| Q2 25 | 26.0% | 65.1% | ||
| Q1 25 | 15.4% | 38.8% | ||
| Q4 24 | 14.6% | 43.6% | ||
| Q3 24 | -8.1% | 36.3% | ||
| Q2 24 | 19.0% | 28.7% | ||
| Q1 24 | 9.9% | 22.3% |
每股收益（稀释后）APAAPP
| Q4 25 | $0.79 | $3.24 | ||
| Q3 25 | $0.57 | $2.45 | ||
| Q2 25 | $1.67 | $2.39 | ||
| Q1 25 | $0.96 | $1.67 | ||
| Q4 24 | $0.97 | $1.72 | ||
| Q3 24 | $-0.60 | $1.25 | ||
| Q2 24 | $1.46 | $0.89 | ||
| Q1 24 | $0.44 | $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 | $516.0M | $2.5B |
| 总债务越低越好 | $4.3B | $3.5B |
| 股东权益账面价值 | $6.1B | $2.1B |
| 总资产 | $17.8B | $7.3B |
| 负债/权益比越低杠杆越低 | 0.70× | 1.65× |
8季度趋势，按日历期对齐
现金及短期投资APAAPP
| Q4 25 | $516.0M | $2.5B | ||
| Q3 25 | $475.0M | $1.7B | ||
| Q2 25 | $107.0M | $1.2B | ||
| Q1 25 | $67.0M | $551.0M | ||
| Q4 24 | $625.0M | $741.4M | ||
| Q3 24 | $64.0M | $567.6M | ||
| Q2 24 | $160.0M | $460.4M | ||
| Q1 24 | $102.0M | $436.3M |
总债务APAAPP
| Q4 25 | $4.3B | $3.5B | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | $3.5B | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $5.2B | — |
股东权益APAAPP
| Q4 25 | $6.1B | $2.1B | ||
| Q3 25 | $6.0B | $1.5B | ||
| Q2 25 | $5.9B | $1.2B | ||
| Q1 25 | $5.4B | $575.4M | ||
| Q4 24 | $5.3B | $1.1B | ||
| Q3 24 | $5.1B | $938.2M | ||
| Q2 24 | $5.4B | $814.8M | ||
| Q1 24 | $2.6B | $760.2M |
总资产APAAPP
| Q4 25 | $17.8B | $7.3B | ||
| Q3 25 | $17.7B | $6.3B | ||
| Q2 25 | $18.1B | $6.0B | ||
| Q1 25 | $18.5B | $5.7B | ||
| Q4 24 | $19.4B | $5.9B | ||
| Q3 24 | $19.4B | $5.4B | ||
| Q2 24 | $20.2B | $5.3B | ||
| Q1 24 | $15.0B | $5.3B |
负债/权益比APAAPP
| Q4 25 | 0.70× | 1.65× | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.13× | 3.22× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 1.99× | — |
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 | $808.0M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | 2.44× | 1.19× |
| 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APAAPP
| Q4 25 | $808.0M | $1.3B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.2B | $772.2M | ||
| Q1 25 | $1.1B | $831.7M | ||
| Q4 24 | $1.0B | $701.0M | ||
| Q3 24 | $1.3B | $550.7M | ||
| Q2 24 | $877.0M | $454.5M | ||
| Q1 24 | $368.0M | $392.8M |
现金转化率APAAPP
| Q4 25 | 2.44× | 1.19× | ||
| Q3 25 | 7.12× | 1.26× | ||
| Q2 25 | 1.96× | 0.94× | ||
| Q1 25 | 2.62× | 1.44× | ||
| Q4 24 | 2.44× | 1.17× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | 1.62× | 1.47× | ||
| Q1 24 | 1.74× | 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
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
APP
| Other | $673.9M | 51% |
| US | $659.0M | 49% |
