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Applied Digital Corp.（APLD）与AerSale Corp（ASLE）财务数据对比。点击上方公司名可切换其他公司
Applied Digital Corp.的季度营收约是AerSale Corp的1.4倍（$126.6M vs $90.9M），AerSale Corp净利率更高（5.9% vs -11.4%，领先17.3%），Applied Digital Corp.同比增速更快（98.2% vs -4.0%），AerSale Corp自由现金流更多（$9.8M vs $-567.9M），过去两年Applied Digital Corp.的营收复合增速更高（70.9% vs 0.2%）
BAE系统旗下的国际防务与安全技术企业，专注于提供数字化解决方案，支持客户快速开展数据驱动决策，服务覆盖执法机构、国家安全部门、政府单位、关键基础设施运营商、电信企业、军方及航天领域。
AerSale Corp总部位于美国佛罗里达州多拉市，是一家面向航空领域的全球供应商，主要为客运及货运航空公司、政府机构、跨国整机制造商与独立维修机构提供商用喷气飞机二手整机、发动机、航空耗材，并提供航空工程服务，同时该公司也是飞机机队回收协会的成员企业。
APLD vs ASLE — 直观对比
营收规模更大
APLD
是对方的1.4倍
$90.9M
营收增速更快
APLD
高出102.2%
-4.0%
净利率更高
ASLE
高出17.3%
-11.4%
自由现金流更多
ASLE
多$577.7M
$-567.9M
两年增速更快
APLD
近两年复合增速
0.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $90.9M |
| 净利润 | $-14.4M | $5.4M |
| 毛利率 | 20.6% | 34.1% |
| 营业利润率 | -24.5% | 7.8% |
| 净利率 | -11.4% | 5.9% |
| 营收同比 | 98.2% | -4.0% |
| 净利润同比 | 89.6% | 99.7% |
| 每股收益（稀释后） | $-0.07 | $0.10 |
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APLDASLE
| Q4 25 | $126.6M | $90.9M | ||
| Q3 25 | $64.2M | $71.2M | ||
| Q2 25 | $-33.3M | $107.4M | ||
| Q1 25 | $52.9M | $65.8M | ||
| Q4 24 | $63.9M | $94.7M | ||
| Q3 24 | $60.7M | $82.7M | ||
| Q2 24 | $43.7M | $77.1M | ||
| Q1 24 | $43.3M | $90.5M |
净利润APLDASLE
| Q4 25 | $-14.4M | $5.4M | ||
| Q3 25 | $-16.9M | $-120.0K | ||
| Q2 25 | $-52.5M | $8.6M | ||
| Q1 25 | $-35.6M | $-5.3M | ||
| Q4 24 | $-138.7M | $2.7M | ||
| Q3 24 | $-4.2M | $509.0K | ||
| Q2 24 | $-64.5M | $-3.6M | ||
| Q1 24 | $-62.8M | $6.3M |
毛利率APLDASLE
| Q4 25 | 20.6% | 34.1% | ||
| Q3 25 | 13.4% | 30.2% | ||
| Q2 25 | — | 32.9% | ||
| Q1 25 | 7.1% | 27.3% | ||
| Q4 24 | 18.0% | 31.4% | ||
| Q3 24 | -0.6% | 28.6% | ||
| Q2 24 | -9.1% | 28.2% | ||
| Q1 24 | -8.6% | 31.8% |
营业利润率APLDASLE
| Q4 25 | -24.5% | 7.8% | ||
| Q3 25 | -34.7% | 4.0% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | -35.8% | -10.1% | ||
| Q4 24 | -29.1% | 5.2% | ||
| Q3 24 | 15.6% | 2.4% | ||
| Q2 24 | -68.4% | -2.4% | ||
| Q1 24 | -128.8% | 5.2% |
净利率APLDASLE
| Q4 25 | -11.4% | 5.9% | ||
| Q3 25 | -26.4% | -0.2% | ||
| Q2 25 | 157.8% | 8.0% | ||
| Q1 25 | -67.2% | -8.0% | ||
| Q4 24 | -217.2% | 2.9% | ||
| Q3 24 | -7.0% | 0.6% | ||
| Q2 24 | -147.5% | -4.7% | ||
| Q1 24 | -145.0% | 6.9% |
每股收益（稀释后）APLDASLE
| Q4 25 | $-0.07 | $0.10 | ||
| Q3 25 | $-0.07 | $0.00 | ||
| Q2 25 | $-0.31 | $0.18 | ||
| Q1 25 | $-0.16 | $-0.10 | ||
| Q4 24 | $-0.66 | $0.05 | ||
| Q3 24 | $-0.03 | $0.01 | ||
| Q2 24 | $-0.57 | $-0.07 | ||
| Q1 24 | $-0.52 | $0.12 |
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 | $1.9B | $4.4M |
| 总债务越低越好 | — | $1.3M |
| 股东权益账面价值 | $1.4B | $424.4M |
| 总资产 | $5.2B | $640.5M |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资APLDASLE
| Q4 25 | $1.9B | $4.4M | ||
| Q3 25 | $73.9M | $5.3M | ||
| Q2 25 | $41.6M | $5.7M | ||
| Q1 25 | $68.7M | $4.7M | ||
| Q4 24 | $286.2M | $4.7M | ||
| Q3 24 | $58.2M | $9.8M | ||
| Q2 24 | $3.3M | $4.3M | ||
| Q1 24 | $4.4M | $2.6M |
总债务APLDASLE
| Q4 25 | — | $1.3M | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $907.0K | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $376.0K | ||
| Q2 24 | — | $522.0K | ||
| Q1 24 | — | $3.5M |
股东权益APLDASLE
| Q4 25 | $1.4B | $424.4M | ||
| Q3 25 | $1.0B | $417.1M | ||
| Q2 25 | $497.7M | $415.9M | ||
| Q1 25 | $454.6M | $406.5M | ||
| Q4 24 | $434.6M | $455.6M | ||
| Q3 24 | $241.8M | $451.5M | ||
| Q2 24 | $124.8M | $449.8M | ||
| Q1 24 | $118.5M | $452.0M |
总资产APLDASLE
| Q4 25 | $5.2B | $640.5M | ||
| Q3 25 | $2.4B | $646.3M | ||
| Q2 25 | $1.9B | $646.7M | ||
| Q1 25 | $1.7B | $646.1M | ||
| Q4 24 | $1.5B | $604.7M | ||
| Q3 24 | $937.7M | $601.5M | ||
| Q2 24 | $762.9M | $598.7M | ||
| Q1 24 | $643.2M | $571.7M |
负债/权益比APLDASLE
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.01× |
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 | $-15.8M | $11.4M |
| 自由现金流经营现金流 - 资本支出 | $-567.9M | $9.8M |
| 自由现金流率自由现金流/营收 | -448.6% | 10.8% |
| 资本支出强度资本支出/营收 | 436.1% | 1.7% |
| 现金转化率经营现金流/净利润 | — | 2.11× |
| 过去12个月自由现金流最近4个季度 | $-1.3B | $-29.1M |
8季度趋势，按日历期对齐
经营现金流APLDASLE
| Q4 25 | $-15.8M | $11.4M | ||
| Q3 25 | $-82.0M | $-8.9M | ||
| Q2 25 | $6.9M | $19.8M | ||
| Q1 25 | $5.9M | $-45.2M | ||
| Q4 24 | $-52.3M | $37.5M | ||
| Q3 24 | $-75.9M | $10.4M | ||
| Q2 24 | $-34.1M | $-15.3M | ||
| Q1 24 | $38.8M | $-21.5M |
自由现金流APLDASLE
| Q4 25 | $-567.9M | $9.8M | ||
| Q3 25 | $-331.4M | $-9.8M | ||
| Q2 25 | $-191.4M | $18.6M | ||
| Q1 25 | $-251.6M | $-47.6M | ||
| Q4 24 | $-223.3M | $32.3M | ||
| Q3 24 | $-130.7M | $8.9M | ||
| Q2 24 | $-88.9M | $-18.9M | ||
| Q1 24 | $-2.3M | $-25.0M |
自由现金流率APLDASLE
| Q4 25 | -448.6% | 10.8% | ||
| Q3 25 | -516.1% | -13.8% | ||
| Q2 25 | 574.8% | 17.3% | ||
| Q1 25 | -475.4% | -72.4% | ||
| Q4 24 | -349.6% | 34.0% | ||
| Q3 24 | -215.3% | 10.7% | ||
| Q2 24 | -203.5% | -24.6% | ||
| Q1 24 | -5.4% | -27.7% |
资本支出强度APLDASLE
| Q4 25 | 436.1% | 1.7% | ||
| Q3 25 | 388.4% | 1.3% | ||
| Q2 25 | -595.4% | 1.1% | ||
| Q1 25 | 486.6% | 3.7% | ||
| Q4 24 | 267.8% | 5.6% | ||
| Q3 24 | 90.3% | 1.9% | ||
| Q2 24 | 125.4% | 4.7% | ||
| Q1 24 | 95.0% | 3.9% |
现金转化率APLDASLE
| Q4 25 | — | 2.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.31× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 13.89× | ||
| Q3 24 | — | 20.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -3.42× |
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
APLD
| HPC Hosting Business | $85.0M | 67% |
| Data Center Hosting Business | $41.6M | 33% |
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
