vs
Applied Digital Corp.（APLD）与Cars.com Inc.（CARS）财务数据对比。点击上方公司名可切换其他公司
Cars.com Inc.的季度营收约是Applied Digital Corp.的1.5倍（$183.9M vs $126.6M）。Applied Digital Corp.同比增速更快（98.2% vs 1.9%）。Cars.com Inc.自由现金流更多（$36.7M vs $-567.9M）。过去两年Applied Digital Corp.的营收复合增速更高（70.9% vs 1.0%）
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。
Cars.com是1998年6月推出的美国汽车分类信息网站，目前是美国第二大汽车分类站点，该域名曾在2014年以8.72亿美元售出，是有史以来成交价最高的域名之一。公司总部位于伊利诺伊州芝加哥，旗下专业编辑团队还会为用户提供权威的汽车评测、行业资讯及购车研究内容。
APLD vs CARS — 直观对比
营收规模更大
CARS
是对方的1.5倍
$126.6M
营收增速更快
APLD
高出96.3%
1.9%
自由现金流更多
CARS
多$604.6M
$-567.9M
两年增速更快
APLD
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $183.9M |
| 净利润 | $-14.4M | — |
| 毛利率 | 20.6% | — |
| 营业利润率 | -24.5% | 11.8% |
| 净利率 | -11.4% | — |
| 营收同比 | 98.2% | 1.9% |
| 净利润同比 | 89.6% | — |
| 每股收益（稀释后） | $-0.07 | $0.12 |
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APLDCARS
| Q4 25 | $126.6M | $183.9M | ||
| Q3 25 | $64.2M | $181.6M | ||
| Q2 25 | $-33.3M | $178.7M | ||
| Q1 25 | $52.9M | $179.0M | ||
| Q4 24 | $63.9M | $180.4M | ||
| Q3 24 | $60.7M | $179.7M | ||
| Q2 24 | $43.7M | $178.9M | ||
| Q1 24 | $43.3M | $180.2M |
净利润APLDCARS
| Q4 25 | $-14.4M | — | ||
| Q3 25 | $-16.9M | $7.7M | ||
| Q2 25 | $-52.5M | $7.0M | ||
| Q1 25 | $-35.6M | $-2.0M | ||
| Q4 24 | $-138.7M | — | ||
| Q3 24 | $-4.2M | $18.7M | ||
| Q2 24 | $-64.5M | $11.4M | ||
| Q1 24 | $-62.8M | $784.0K |
毛利率APLDCARS
| Q4 25 | 20.6% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | -0.6% | — | ||
| Q2 24 | -9.1% | — | ||
| Q1 24 | -8.6% | — |
营业利润率APLDCARS
| Q4 25 | -24.5% | 11.8% | ||
| Q3 25 | -34.7% | 9.3% | ||
| Q2 25 | — | 8.5% | ||
| Q1 25 | -35.8% | 3.6% | ||
| Q4 24 | -29.1% | 11.0% | ||
| Q3 24 | 15.6% | 6.4% | ||
| Q2 24 | -68.4% | 5.3% | ||
| Q1 24 | -128.8% | 7.1% |
净利率APLDCARS
| Q4 25 | -11.4% | — | ||
| Q3 25 | -26.4% | 4.2% | ||
| Q2 25 | 157.8% | 3.9% | ||
| Q1 25 | -67.2% | -1.1% | ||
| Q4 24 | -217.2% | — | ||
| Q3 24 | -7.0% | 10.4% | ||
| Q2 24 | -147.5% | 6.4% | ||
| Q1 24 | -145.0% | 0.4% |
每股收益（稀释后）APLDCARS
| Q4 25 | $-0.07 | $0.12 | ||
| Q3 25 | $-0.07 | $0.12 | ||
| Q2 25 | $-0.31 | $0.11 | ||
| Q1 25 | $-0.16 | $-0.03 | ||
| Q4 24 | $-0.66 | $0.26 | ||
| Q3 24 | $-0.03 | $0.28 | ||
| Q2 24 | $-0.57 | $0.17 | ||
| Q1 24 | $-0.52 | $0.01 |
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 | $56.2M |
| 总债务越低越好 | — | $455.0M |
| 股东权益账面价值 | $1.4B | $472.5M |
| 总资产 | $5.2B | $1.1B |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资APLDCARS
| Q4 25 | $1.9B | $56.2M | ||
| Q3 25 | $73.9M | $55.1M | ||
| Q2 25 | $41.6M | $27.7M | ||
| Q1 25 | $68.7M | $31.4M | ||
| Q4 24 | $286.2M | $50.7M | ||
| Q3 24 | $58.2M | $49.6M | ||
| Q2 24 | $3.3M | $29.1M | ||
| Q1 24 | $4.4M | $31.4M |
总债务APLDCARS
| Q4 25 | — | $455.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $460.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APLDCARS
| Q4 25 | $1.4B | $472.5M | ||
| Q3 25 | $1.0B | $477.6M | ||
| Q2 25 | $497.7M | $483.2M | ||
| Q1 25 | $454.6M | $489.9M | ||
| Q4 24 | $434.6M | $511.5M | ||
| Q3 24 | $241.8M | $502.4M | ||
| Q2 24 | $124.8M | $496.9M | ||
| Q1 24 | $118.5M | $481.4M |
总资产APLDCARS
| Q4 25 | $5.2B | $1.1B | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $937.7M | $1.1B | ||
| Q2 24 | $762.9M | $1.1B | ||
| Q1 24 | $643.2M | $1.1B |
负债/权益比APLDCARS
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-15.8M | $37.1M |
| 自由现金流经营现金流 - 资本支出 | $-567.9M | $36.7M |
| 自由现金流率自由现金流/营收 | -448.6% | 20.0% |
| 资本支出强度资本支出/营收 | 436.1% | 0.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.3B | $147.4M |
8季度趋势，按日历期对齐
经营现金流APLDCARS
| Q4 25 | $-15.8M | $37.1M | ||
| Q3 25 | $-82.0M | $58.8M | ||
| Q2 25 | $6.9M | $26.2M | ||
| Q1 25 | $5.9M | $29.5M | ||
| Q4 24 | $-52.3M | $30.0M | ||
| Q3 24 | $-75.9M | $53.8M | ||
| Q2 24 | $-34.1M | $35.3M | ||
| Q1 24 | $38.8M | $33.5M |
自由现金流APLDCARS
| Q4 25 | $-567.9M | $36.7M | ||
| Q3 25 | $-331.4M | $58.3M | ||
| Q2 25 | $-191.4M | $23.7M | ||
| Q1 25 | $-251.6M | $28.6M | ||
| Q4 24 | $-223.3M | $29.1M | ||
| Q3 24 | $-130.7M | $52.8M | ||
| Q2 24 | $-88.9M | $34.9M | ||
| Q1 24 | $-2.3M | $32.8M |
自由现金流率APLDCARS
| Q4 25 | -448.6% | 20.0% | ||
| Q3 25 | -516.1% | 32.1% | ||
| Q2 25 | 574.8% | 13.3% | ||
| Q1 25 | -475.4% | 16.0% | ||
| Q4 24 | -349.6% | 16.1% | ||
| Q3 24 | -215.3% | 29.4% | ||
| Q2 24 | -203.5% | 19.5% | ||
| Q1 24 | -5.4% | 18.2% |
资本支出强度APLDCARS
| Q4 25 | 436.1% | 0.2% | ||
| Q3 25 | 388.4% | 0.3% | ||
| Q2 25 | -595.4% | 1.4% | ||
| Q1 25 | 486.6% | 0.5% | ||
| Q4 24 | 267.8% | 0.5% | ||
| Q3 24 | 90.3% | 0.5% | ||
| Q2 24 | 125.4% | 0.2% | ||
| Q1 24 | 95.0% | 0.4% |
现金转化率APLDCARS
| Q4 25 | — | — | ||
| Q3 25 | — | 7.68× | ||
| Q2 25 | — | 3.74× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 3.10× | ||
| Q1 24 | — | 42.69× |
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% |
CARS
| Dealer | $164.4M | 89% |
| Sales Channel Through Oem And National | $16.2M | 9% |
| Sales Channel Through Other | $3.3M | 2% |
