vs
Applied Digital Corp.（APLD）与科睿唯安（CLVT）财务数据对比。点击上方公司名可切换其他公司
科睿唯安的季度营收约是Applied Digital Corp.的4.9倍（$617.0M vs $126.6M）。科睿唯安净利率更高（0.5% vs -11.4%，领先11.9%）。Applied Digital Corp.同比增速更快（98.2% vs -6.9%）。科睿唯安自由现金流更多（$89.2M vs $-567.9M）。过去两年Applied Digital Corp.的营收复合增速更高（70.9% vs -0.3%）
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。
科睿唯安是一家英美合资的上市分析服务企业，主要提供订阅制信息服务，覆盖文献计量、科学计量、商业与市场情报领域，同时为医药、生物科技行业提供专利、监管合规相关的竞争分析，也提供商标保护、域名与品牌保护服务，旗下Web of Science产品系列还负责计算学术期刊的影响因子。
APLD vs CLVT — 直观对比
营收规模更大
CLVT
是对方的4.9倍
$126.6M
营收增速更快
APLD
高出105.1%
-6.9%
净利率更高
CLVT
高出11.9%
-11.4%
自由现金流更多
CLVT
多$657.1M
$-567.9M
两年增速更快
APLD
近两年复合增速
-0.3%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $617.0M |
| 净利润 | $-14.4M | $3.1M |
| 毛利率 | 20.6% | 66.8% |
| 营业利润率 | -24.5% | 6.7% |
| 净利率 | -11.4% | 0.5% |
| 营收同比 | 98.2% | -6.9% |
| 净利润同比 | 89.6% | 101.6% |
| 每股收益（稀释后） | $-0.07 | $0.00 |
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APLDCLVT
| Q4 25 | $126.6M | $617.0M | ||
| Q3 25 | $64.2M | $623.1M | ||
| Q2 25 | $-33.3M | $621.4M | ||
| Q1 25 | $52.9M | $593.7M | ||
| Q4 24 | $63.9M | $663.0M | ||
| Q3 24 | $60.7M | $622.2M | ||
| Q2 24 | $43.7M | $650.3M | ||
| Q1 24 | $43.3M | $621.2M |
净利润APLDCLVT
| Q4 25 | $-14.4M | $3.1M | ||
| Q3 25 | $-16.9M | $-28.3M | ||
| Q2 25 | $-52.5M | $-72.0M | ||
| Q1 25 | $-35.6M | $-103.9M | ||
| Q4 24 | $-138.7M | $-191.8M | ||
| Q3 24 | $-4.2M | $-65.6M | ||
| Q2 24 | $-64.5M | $-304.3M | ||
| Q1 24 | $-62.8M | $-75.0M |
毛利率APLDCLVT
| Q4 25 | 20.6% | 66.8% | ||
| Q3 25 | 13.4% | 65.0% | ||
| Q2 25 | — | 67.2% | ||
| Q1 25 | 7.1% | 65.1% | ||
| Q4 24 | 18.0% | 65.7% | ||
| Q3 24 | -0.6% | 66.2% | ||
| Q2 24 | -9.1% | 67.2% | ||
| Q1 24 | -8.6% | 64.9% |
营业利润率APLDCLVT
| Q4 25 | -24.5% | 6.7% | ||
| Q3 25 | -34.7% | 7.1% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | -35.8% | -3.5% | ||
| Q4 24 | -29.1% | -9.4% | ||
| Q3 24 | 15.6% | 3.5% | ||
| Q2 24 | -68.4% | -36.9% | ||
| Q1 24 | -128.8% | 0.8% |
净利率APLDCLVT
| Q4 25 | -11.4% | 0.5% | ||
| Q3 25 | -26.4% | -4.5% | ||
| Q2 25 | 157.8% | -11.6% | ||
| Q1 25 | -67.2% | -17.5% | ||
| Q4 24 | -217.2% | -28.9% | ||
| Q3 24 | -7.0% | -10.5% | ||
| Q2 24 | -147.5% | -46.8% | ||
| Q1 24 | -145.0% | -12.1% |
每股收益（稀释后）APLDCLVT
| Q4 25 | $-0.07 | $0.00 | ||
| Q3 25 | $-0.07 | $-0.04 | ||
| Q2 25 | $-0.31 | $-0.11 | ||
| Q1 25 | $-0.16 | $-0.15 | ||
| Q4 24 | $-0.66 | $-0.27 | ||
| Q3 24 | $-0.03 | $-0.09 | ||
| Q2 24 | $-0.57 | $-0.46 | ||
| Q1 24 | $-0.52 | $-0.14 |
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 | $329.2M |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | $1.4B | $4.8B |
| 总资产 | $5.2B | $11.1B |
| 负债/权益比越低杠杆越低 | — | 0.89× |
8季度趋势，按日历期对齐
现金及短期投资APLDCLVT
| Q4 25 | $1.9B | $329.2M | ||
| Q3 25 | $73.9M | $318.7M | ||
| Q2 25 | $41.6M | $362.6M | ||
| Q1 25 | $68.7M | $354.0M | ||
| Q4 24 | $286.2M | $295.2M | ||
| Q3 24 | $58.2M | $388.5M | ||
| Q2 24 | $3.3M | $376.4M | ||
| Q1 24 | $4.4M | $361.8M |
总债务APLDCLVT
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.6B | ||
| Q1 24 | — | $4.6B |
股东权益APLDCLVT
| Q4 25 | $1.4B | $4.8B | ||
| Q3 25 | $1.0B | $4.9B | ||
| Q2 25 | $497.7M | $5.0B | ||
| Q1 25 | $454.6M | $5.0B | ||
| Q4 24 | $434.6M | $5.1B | ||
| Q3 24 | $241.8M | $5.5B | ||
| Q2 24 | $124.8M | $5.6B | ||
| Q1 24 | $118.5M | $5.9B |
总资产APLDCLVT
| Q4 25 | $5.2B | $11.1B | ||
| Q3 25 | $2.4B | $11.2B | ||
| Q2 25 | $1.9B | $11.4B | ||
| Q1 25 | $1.7B | $11.5B | ||
| Q4 24 | $1.5B | $11.5B | ||
| Q3 24 | $937.7M | $12.0B | ||
| Q2 24 | $762.9M | $12.1B | ||
| Q1 24 | $643.2M | $12.5B |
负债/权益比APLDCLVT
| Q4 25 | — | 0.89× | ||
| Q3 25 | — | 0.90× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | 0.79× |
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 | $159.9M |
| 自由现金流经营现金流 - 资本支出 | $-567.9M | $89.2M |
| 自由现金流率自由现金流/营收 | -448.6% | 14.5% |
| 资本支出强度资本支出/营收 | 436.1% | 11.5% |
| 现金转化率经营现金流/净利润 | — | 51.58× |
| 过去12个月自由现金流最近4个季度 | $-1.3B | $365.3M |
8季度趋势，按日历期对齐
经营现金流APLDCLVT
| Q4 25 | $-15.8M | $159.9M | ||
| Q3 25 | $-82.0M | $181.1M | ||
| Q2 25 | $6.9M | $116.3M | ||
| Q1 25 | $5.9M | $171.2M | ||
| Q4 24 | $-52.3M | $141.3M | ||
| Q3 24 | $-75.9M | $202.9M | ||
| Q2 24 | $-34.1M | $126.2M | ||
| Q1 24 | $38.8M | $176.2M |
自由现金流APLDCLVT
| Q4 25 | $-567.9M | $89.2M | ||
| Q3 25 | $-331.4M | $115.5M | ||
| Q2 25 | $-191.4M | $50.3M | ||
| Q1 25 | $-251.6M | $110.3M | ||
| Q4 24 | $-223.3M | $59.1M | ||
| Q3 24 | $-130.7M | $126.3M | ||
| Q2 24 | $-88.9M | $60.3M | ||
| Q1 24 | $-2.3M | $111.8M |
自由现金流率APLDCLVT
| Q4 25 | -448.6% | 14.5% | ||
| Q3 25 | -516.1% | 18.5% | ||
| Q2 25 | 574.8% | 8.1% | ||
| Q1 25 | -475.4% | 18.6% | ||
| Q4 24 | -349.6% | 8.9% | ||
| Q3 24 | -215.3% | 20.3% | ||
| Q2 24 | -203.5% | 9.3% | ||
| Q1 24 | -5.4% | 18.0% |
资本支出强度APLDCLVT
| Q4 25 | 436.1% | 11.5% | ||
| Q3 25 | 388.4% | 10.5% | ||
| Q2 25 | -595.4% | 10.6% | ||
| Q1 25 | 486.6% | 10.3% | ||
| Q4 24 | 267.8% | 12.4% | ||
| Q3 24 | 90.3% | 12.3% | ||
| Q2 24 | 125.4% | 10.1% | ||
| Q1 24 | 95.0% | 10.4% |
现金转化率APLDCLVT
| Q4 25 | — | 51.58× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
CLVT
| Academia Government Group | $312.3M | 51% |
| Re Occurring Revenues | $114.1M | 18% |
| Life Sciences And Healthcare Group | $98.3M | 16% |
| Transactional Revenues | $97.1M | 16% |
