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空气化工产品公司（APD）与AppLovin Corp（APP）财务数据对比。点击上方公司名可切换其他公司
空气化工产品公司的季度营收约是AppLovin Corp的1.7倍（$3.2B vs $1.8B），AppLovin Corp净利率更高（65.5% vs 22.9%，领先42.6%），AppLovin Corp同比增速更快（59.0% vs 8.8%），过去两年AppLovin Corp的营收复合增速更高（30.6% vs 3.1%）
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
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。
APD vs APP — 直观对比
营收规模更大
APD
是对方的1.7倍
$1.8B
营收增速更快
APP
高出50.2%
8.8%
净利率更高
APP
高出42.6%
22.9%
两年增速更快
APP
近两年复合增速
3.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $1.8B |
| 净利润 | $724.8M | $1.2B |
| 毛利率 | 31.1% | 88.9% |
| 营业利润率 | — | 78.2% |
| 净利率 | 22.9% | 65.5% |
| 营收同比 | 8.8% | 59.0% |
| 净利润同比 | 166.6% | 109.2% |
| 每股收益（稀释后） | $3.19 | $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APDAPP
| Q1 26 | $3.2B | $1.8B | ||
| Q4 25 | $3.1B | $1.3B | ||
| Q3 25 | $3.2B | $1.4B | ||
| Q2 25 | $3.0B | $1.3B | ||
| Q1 25 | $2.9B | $1.5B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $3.2B | $1.2B | ||
| Q2 24 | $3.0B | $1.1B |
净利润APDAPP
| Q1 26 | $724.8M | $1.2B | ||
| Q4 25 | $678.2M | $1.1B | ||
| Q3 25 | $4.9M | $835.5M | ||
| Q2 25 | $713.8M | $819.5M | ||
| Q1 25 | $-1.7B | $576.4M | ||
| Q4 24 | $617.4M | $599.2M | ||
| Q3 24 | $1.9B | $434.4M | ||
| Q2 24 | $696.6M | $310.0M |
毛利率APDAPP
| Q1 26 | 31.1% | 88.9% | ||
| Q4 25 | 32.1% | 95.2% | ||
| Q3 25 | 32.3% | 87.6% | ||
| Q2 25 | 32.5% | 87.7% | ||
| Q1 25 | 29.6% | 81.7% | ||
| Q4 24 | 31.2% | 76.7% | ||
| Q3 24 | 34.0% | 77.5% | ||
| Q2 24 | 32.8% | 73.8% |
营业利润率APDAPP
| Q1 26 | — | 78.2% | ||
| Q4 25 | 23.7% | — | ||
| Q3 25 | 0.5% | 76.8% | ||
| Q2 25 | 26.2% | 76.1% | ||
| Q1 25 | -79.8% | 44.7% | ||
| Q4 24 | 22.0% | 44.3% | ||
| Q3 24 | 76.1% | 44.6% | ||
| Q2 24 | 24.7% | 36.2% |
净利率APDAPP
| Q1 26 | 22.9% | 65.5% | ||
| Q4 25 | 21.9% | 82.7% | ||
| Q3 25 | 0.2% | 59.5% | ||
| Q2 25 | 23.6% | 65.1% | ||
| Q1 25 | -59.3% | 38.8% | ||
| Q4 24 | 21.1% | 43.6% | ||
| Q3 24 | 61.2% | 36.3% | ||
| Q2 24 | 23.3% | 28.7% |
每股收益（稀释后）APDAPP
| Q1 26 | $3.19 | $3.56 | ||
| Q4 25 | $3.04 | $3.24 | ||
| Q3 25 | $0.03 | $2.45 | ||
| Q2 25 | $3.20 | $2.39 | ||
| Q1 25 | $-7.77 | $1.67 | ||
| Q4 24 | $2.77 | $1.72 | ||
| Q3 24 | $8.75 | $1.25 | ||
| Q2 24 | $3.13 | $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 | — | $2.8B |
| 总债务越低越好 | $17.4M | $3.5B |
| 股东权益账面价值 | $18.1M | $2.4B |
| 总资产 | $41.6M | $7.7B |
| 负债/权益比越低杠杆越低 | 0.96× | 1.49× |
8季度趋势，按日历期对齐
现金及短期投资APDAPP
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.0B | $2.5B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $2.3B | $1.2B | ||
| Q1 25 | $1.6B | $551.0M | ||
| Q4 24 | $2.0B | $741.4M | ||
| Q3 24 | $3.0B | $567.6M | ||
| Q2 24 | $2.4B | $460.4M |
总债务APDAPP
| Q1 26 | $17.4M | $3.5B | ||
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APDAPP
| Q1 26 | $18.1M | $2.4B | ||
| Q4 25 | $15.4B | $2.1B | ||
| Q3 25 | $15.0B | $1.5B | ||
| Q2 25 | $15.5B | $1.2B | ||
| Q1 25 | $14.7B | $575.4M | ||
| Q4 24 | $16.7B | $1.1B | ||
| Q3 24 | $17.0B | $938.2M | ||
| Q2 24 | $15.1B | $814.8M |
总资产APDAPP
| Q1 26 | $41.6M | $7.7B | ||
| Q4 25 | $41.2B | $7.3B | ||
| Q3 25 | $41.1B | $6.3B | ||
| Q2 25 | $41.7B | $6.0B | ||
| Q1 25 | $38.9B | $5.7B | ||
| Q4 24 | $40.0B | $5.9B | ||
| Q3 24 | $39.6B | $5.4B | ||
| Q2 24 | $37.0B | $5.3B |
负债/权益比APDAPP
| Q1 26 | 0.96× | 1.49× | ||
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.22× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $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 | 56.4% | — |
| 现金转化率经营现金流/净利润 | — | 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APDAPP
| Q1 26 | — | $1.3B | ||
| Q4 25 | $900.7M | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $855.8M | $772.2M | ||
| Q1 25 | $328.1M | $831.7M | ||
| Q4 24 | $811.7M | $701.0M | ||
| Q3 24 | — | $550.7M | ||
| Q2 24 | $1.3B | $454.5M |
自由现金流APDAPP
| Q1 26 | — | $1.3B | ||
| Q4 25 | $-350.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-640.0M | — | ||
| Q1 25 | $-1.6B | — | ||
| Q4 24 | $-1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-345.2M | — |
自由现金流率APDAPP
| Q1 26 | — | 69.8% | ||
| Q4 25 | -11.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -21.2% | — | ||
| Q1 25 | -53.6% | — | ||
| Q4 24 | -44.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -11.6% | — |
资本支出强度APDAPP
| Q1 26 | 56.4% | — | ||
| Q4 25 | 40.3% | — | ||
| Q3 25 | 47.9% | — | ||
| Q2 25 | 49.5% | — | ||
| Q1 25 | 64.9% | — | ||
| Q4 24 | 72.2% | — | ||
| Q3 24 | 65.1% | — | ||
| Q2 24 | 53.8% | — |
现金转化率APDAPP
| Q1 26 | — | 1.07× | ||
| Q4 25 | 1.33× | 1.19× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | 1.20× | 0.94× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | 1.31× | 1.17× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | 1.81× | 1.47× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
