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APi Group Corp（APG）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
APi Group Corp的季度营收约是Snap Inc的1.2倍（$2.1B vs $1.7B），APi Group Corp净利率更高（4.6% vs 2.6%，领先1.9%），APi Group Corp同比增速更快（13.8% vs 10.2%），APi Group Corp自由现金流更多（$356.0M vs $205.6M），过去两年Snap Inc的营收复合增速更高（19.9% vs 15.0%）
xAI是埃隆·马斯克2023年创立的美国科技企业，为航天企业SpaceX的全资子公司，业务覆盖人工智能、社交媒体领域，核心产品包括生成式AI聊天机器人Grok，以及2025年3月收购的社交媒体平台X。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
APG vs SNAP — 直观对比
营收规模更大
APG
是对方的1.2倍
$1.7B
营收增速更快
APG
高出3.5%
10.2%
净利率更高
APG
高出1.9%
2.6%
自由现金流更多
APG
多$150.4M
$205.6M
两年增速更快
SNAP
近两年复合增速
15.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.7B |
| 净利润 | $97.0M | $45.2M |
| 毛利率 | 32.0% | 59.1% |
| 营业利润率 | 7.7% | 2.9% |
| 净利率 | 4.6% | 2.6% |
| 营收同比 | 13.8% | 10.2% |
| 净利润同比 | 44.8% | 396.7% |
| 每股收益（稀释后） | $-1.16 | $0.03 |
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APGSNAP
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.6B | $1.2B |
净利润APGSNAP
| Q4 25 | $97.0M | $45.2M | ||
| Q3 25 | $93.0M | $-103.5M | ||
| Q2 25 | $77.0M | $-262.6M | ||
| Q1 25 | $35.0M | $-139.6M | ||
| Q4 24 | $67.0M | $9.1M | ||
| Q3 24 | $69.0M | $-153.2M | ||
| Q2 24 | $69.0M | $-248.6M | ||
| Q1 24 | $45.0M | $-305.1M |
毛利率APGSNAP
| Q4 25 | 32.0% | 59.1% | ||
| Q3 25 | 31.3% | 55.3% | ||
| Q2 25 | 30.9% | 51.4% | ||
| Q1 25 | 31.5% | 53.1% | ||
| Q4 24 | 30.9% | 56.9% | ||
| Q3 24 | 31.1% | 53.5% | ||
| Q2 24 | 31.4% | 52.4% | ||
| Q1 24 | 30.7% | 51.9% |
营业利润率APGSNAP
| Q4 25 | 7.7% | 2.9% | ||
| Q3 25 | 7.8% | -8.5% | ||
| Q2 25 | 7.2% | -19.3% | ||
| Q1 25 | 4.9% | -14.2% | ||
| Q4 24 | 6.2% | -1.7% | ||
| Q3 24 | 7.8% | -12.6% | ||
| Q2 24 | 7.3% | -20.5% | ||
| Q1 24 | 6.2% | -27.9% |
净利率APGSNAP
| Q4 25 | 4.6% | 2.6% | ||
| Q3 25 | 4.5% | -6.9% | ||
| Q2 25 | 3.9% | -19.5% | ||
| Q1 25 | 2.0% | -10.2% | ||
| Q4 24 | 3.6% | 0.6% | ||
| Q3 24 | 3.8% | -11.2% | ||
| Q2 24 | 4.0% | -20.1% | ||
| Q1 24 | 2.8% | -25.5% |
每股收益（稀释后）APGSNAP
| Q4 25 | $-1.16 | $0.03 | ||
| Q3 25 | $0.20 | $-0.06 | ||
| Q2 25 | $0.16 | $-0.16 | ||
| Q1 25 | $0.11 | $-0.08 | ||
| Q4 24 | $0.05 | $0.01 | ||
| Q3 24 | $0.23 | $-0.09 | ||
| Q2 24 | $0.22 | $-0.15 | ||
| Q1 24 | $-1.34 | $-0.19 |
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 | $912.0M | $2.9B |
| 总债务越低越好 | $2.8B | $3.5B |
| 股东权益账面价值 | $3.4B | $2.3B |
| 总资产 | $8.9B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.81× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资APGSNAP
| Q4 25 | $912.0M | $2.9B | ||
| Q3 25 | $555.0M | $3.0B | ||
| Q2 25 | $432.0M | $2.9B | ||
| Q1 25 | $460.0M | $3.2B | ||
| Q4 24 | $499.0M | $3.4B | ||
| Q3 24 | $487.0M | $3.2B | ||
| Q2 24 | $324.0M | $3.1B | ||
| Q1 24 | $247.0M | $2.9B |
总债务APGSNAP
| Q4 25 | $2.8B | $3.5B | ||
| Q3 25 | $2.8B | $3.5B | ||
| Q2 25 | $2.8B | $3.6B | ||
| Q1 25 | $2.8B | $3.6B | ||
| Q4 24 | $2.8B | $3.6B | ||
| Q3 24 | $2.9B | $3.6B | ||
| Q2 24 | $2.8B | $3.6B | ||
| Q1 24 | $2.7B | $3.3B |
股东权益APGSNAP
| Q4 25 | $3.4B | $2.3B | ||
| Q3 25 | $3.3B | $2.2B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.0B | $2.5B | ||
| Q3 24 | $3.0B | $2.2B | ||
| Q2 24 | $2.8B | $2.1B | ||
| Q1 24 | $2.3B | $2.1B |
总资产APGSNAP
| Q4 25 | $8.9B | $7.7B | ||
| Q3 25 | $8.7B | $7.6B | ||
| Q2 25 | $8.5B | $7.4B | ||
| Q1 25 | $8.1B | $7.6B | ||
| Q4 24 | $8.2B | $7.9B | ||
| Q3 24 | $8.2B | $7.6B | ||
| Q2 24 | $8.0B | $7.4B | ||
| Q1 24 | $7.2B | $7.2B |
负债/权益比APGSNAP
| Q4 25 | 0.81× | 1.55× | ||
| Q3 25 | 0.84× | 1.59× | ||
| Q2 25 | 0.87× | 1.73× | ||
| Q1 25 | 0.92× | 1.56× | ||
| Q4 24 | 0.93× | 1.49× | ||
| Q3 24 | 0.96× | 1.65× | ||
| Q2 24 | 1.00× | 1.76× | ||
| Q1 24 | 1.19× | 1.55× |
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 | $382.0M | $269.6M |
| 自由现金流经营现金流 - 资本支出 | $356.0M | $205.6M |
| 自由现金流率自由现金流/营收 | 16.8% | 12.0% |
| 资本支出强度资本支出/营收 | 1.2% | 3.7% |
| 现金转化率经营现金流/净利润 | 3.94× | 5.96× |
| 过去12个月自由现金流最近4个季度 | $663.0M | $437.2M |
8季度趋势，按日历期对齐
经营现金流APGSNAP
| Q4 25 | $382.0M | $269.6M | ||
| Q3 25 | $232.0M | $146.5M | ||
| Q2 25 | $83.0M | $88.5M | ||
| Q1 25 | $62.0M | $151.6M | ||
| Q4 24 | $283.0M | $230.6M | ||
| Q3 24 | $220.0M | $115.9M | ||
| Q2 24 | $110.0M | $-21.4M | ||
| Q1 24 | $7.0M | $88.4M |
自由现金流APGSNAP
| Q4 25 | $356.0M | $205.6M | ||
| Q3 25 | $201.0M | $93.4M | ||
| Q2 25 | $56.0M | $23.8M | ||
| Q1 25 | $50.0M | $114.4M | ||
| Q4 24 | $265.0M | $182.4M | ||
| Q3 24 | $198.0M | $71.8M | ||
| Q2 24 | $88.0M | $-73.4M | ||
| Q1 24 | $-15.0M | $37.9M |
自由现金流率APGSNAP
| Q4 25 | 16.8% | 12.0% | ||
| Q3 25 | 9.6% | 6.2% | ||
| Q2 25 | 2.8% | 1.8% | ||
| Q1 25 | 2.9% | 8.4% | ||
| Q4 24 | 14.2% | 11.7% | ||
| Q3 24 | 10.8% | 5.2% | ||
| Q2 24 | 5.1% | -5.9% | ||
| Q1 24 | -0.9% | 3.2% |
资本支出强度APGSNAP
| Q4 25 | 1.2% | 3.7% | ||
| Q3 25 | 1.5% | 3.5% | ||
| Q2 25 | 1.4% | 4.8% | ||
| Q1 25 | 0.7% | 2.7% | ||
| Q4 24 | 1.0% | 3.1% | ||
| Q3 24 | 1.2% | 3.2% | ||
| Q2 24 | 1.3% | 4.2% | ||
| Q1 24 | 1.4% | 4.2% |
现金转化率APGSNAP
| Q4 25 | 3.94× | 5.96× | ||
| Q3 25 | 2.49× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.77× | — | ||
| Q4 24 | 4.22× | 25.34× | ||
| Q3 24 | 3.19× | — | ||
| Q2 24 | 1.59× | — | ||
| Q1 24 | 0.16× | — |
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
APG
暂无分部数据
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
