vs
Applied Digital Corp.（APLD）与CARRIAGE SERVICES INC（CSV）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CARRIAGE SERVICES INC的1.2倍（$126.6M vs $105.5M），CARRIAGE SERVICES INC净利率更高（11.6% vs -11.4%，领先23.0%），Applied Digital Corp.同比增速更快（98.2% vs 8.0%），CARRIAGE SERVICES INC自由现金流更多（$6.2M 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。
怡和Cycle & Carriage有限公司是怡和集团在东南亚的投资控股公司，目前该集团持有其75%的股份，是怡和集团在东南亚区域开展资本布局与投资业务的核心平台。
APLD vs CSV — 直观对比
营收规模更大
APLD
是对方的1.2倍
$105.5M
营收增速更快
APLD
高出90.2%
8.0%
净利率更高
CSV
高出23.0%
-11.4%
自由现金流更多
CSV
多$574.1M
$-567.9M
两年增速更快
APLD
近两年复合增速
1.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $105.5M |
| 净利润 | $-14.4M | $12.3M |
| 毛利率 | 20.6% | 34.8% |
| 营业利润率 | -24.5% | 23.3% |
| 净利率 | -11.4% | 11.6% |
| 营收同比 | 98.2% | 8.0% |
| 净利润同比 | 89.6% | 24.5% |
| 每股收益（稀释后） | $-0.07 | $0.76 |
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APLDCSV
| Q4 25 | $126.6M | $105.5M | ||
| Q3 25 | $64.2M | $102.7M | ||
| Q2 25 | $-33.3M | $102.1M | ||
| Q1 25 | $52.9M | $107.1M | ||
| Q4 24 | $63.9M | $97.7M | ||
| Q3 24 | $60.7M | $100.7M | ||
| Q2 24 | $43.7M | $102.3M | ||
| Q1 24 | $43.3M | $103.5M |
净利润APLDCSV
| Q4 25 | $-14.4M | $12.3M | ||
| Q3 25 | $-16.9M | $6.6M | ||
| Q2 25 | $-52.5M | $11.7M | ||
| Q1 25 | $-35.6M | $20.9M | ||
| Q4 24 | $-138.7M | $9.9M | ||
| Q3 24 | $-4.2M | $9.9M | ||
| Q2 24 | $-64.5M | $6.3M | ||
| Q1 24 | $-62.8M | $7.0M |
毛利率APLDCSV
| Q4 25 | 20.6% | 34.8% | ||
| Q3 25 | 13.4% | 35.3% | ||
| Q2 25 | — | 35.2% | ||
| Q1 25 | 7.1% | 35.3% | ||
| Q4 24 | 18.0% | 34.4% | ||
| Q3 24 | -0.6% | 35.2% | ||
| Q2 24 | -9.1% | 36.2% | ||
| Q1 24 | -8.6% | 36.0% |
营业利润率APLDCSV
| Q4 25 | -24.5% | 23.3% | ||
| Q3 25 | -34.7% | 17.0% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | -35.8% | 29.5% | ||
| Q4 24 | -29.1% | 21.6% | ||
| Q3 24 | 15.6% | 22.7% | ||
| Q2 24 | -68.4% | 18.0% | ||
| Q1 24 | -128.8% | 18.8% |
净利率APLDCSV
| Q4 25 | -11.4% | 11.6% | ||
| Q3 25 | -26.4% | 6.4% | ||
| Q2 25 | 157.8% | 11.5% | ||
| Q1 25 | -67.2% | 19.5% | ||
| Q4 24 | -217.2% | 10.1% | ||
| Q3 24 | -7.0% | 9.8% | ||
| Q2 24 | -147.5% | 6.1% | ||
| Q1 24 | -145.0% | 6.7% |
每股收益（稀释后）APLDCSV
| Q4 25 | $-0.07 | $0.76 | ||
| Q3 25 | $-0.07 | $0.41 | ||
| Q2 25 | $-0.31 | $0.74 | ||
| Q1 25 | $-0.16 | $1.34 | ||
| Q4 24 | $-0.66 | $0.62 | ||
| Q3 24 | $-0.03 | $0.63 | ||
| Q2 24 | $-0.57 | $0.40 | ||
| Q1 24 | $-0.52 | $0.45 |
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 | $1.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $254.8M |
| 总资产 | $5.2B | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APLDCSV
| Q4 25 | $1.9B | $1.7M | ||
| Q3 25 | $73.9M | $1.2M | ||
| Q2 25 | $41.6M | $1.4M | ||
| Q1 25 | $68.7M | $4.6M | ||
| Q4 24 | $286.2M | $1.2M | ||
| Q3 24 | $58.2M | $1.3M | ||
| Q2 24 | $3.3M | $1.5M | ||
| Q1 24 | $4.4M | $1.7M |
股东权益APLDCSV
| Q4 25 | $1.4B | $254.8M | ||
| Q3 25 | $1.0B | $242.1M | ||
| Q2 25 | $497.7M | $235.4M | ||
| Q1 25 | $454.6M | $223.1M | ||
| Q4 24 | $434.6M | $208.6M | ||
| Q3 24 | $241.8M | $198.1M | ||
| Q2 24 | $124.8M | $187.9M | ||
| Q1 24 | $118.5M | $179.6M |
总资产APLDCSV
| Q4 25 | $5.2B | $1.3B | ||
| Q3 25 | $2.4B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $937.7M | $1.3B | ||
| Q2 24 | $762.9M | $1.3B | ||
| Q1 24 | $643.2M | $1.3B |
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 | $14.1M |
| 自由现金流经营现金流 - 资本支出 | $-567.9M | $6.2M |
| 自由现金流率自由现金流/营收 | -448.6% | 5.9% |
| 资本支出强度资本支出/营收 | 436.1% | 7.5% |
| 现金转化率经营现金流/净利润 | — | 1.15× |
| 过去12个月自由现金流最近4个季度 | $-1.3B | $40.1M |
8季度趋势，按日历期对齐
经营现金流APLDCSV
| Q4 25 | $-15.8M | $14.1M | ||
| Q3 25 | $-82.0M | $24.7M | ||
| Q2 25 | $6.9M | $8.1M | ||
| Q1 25 | $5.9M | $13.8M | ||
| Q4 24 | $-52.3M | $9.3M | ||
| Q3 24 | $-75.9M | $20.9M | ||
| Q2 24 | $-34.1M | $2.2M | ||
| Q1 24 | $38.8M | $19.7M |
自由现金流APLDCSV
| Q4 25 | $-567.9M | $6.2M | ||
| Q3 25 | $-331.4M | $18.0M | ||
| Q2 25 | $-191.4M | $5.2M | ||
| Q1 25 | $-251.6M | $10.6M | ||
| Q4 24 | $-223.3M | $4.9M | ||
| Q3 24 | $-130.7M | $16.2M | ||
| Q2 24 | $-88.9M | $-1.4M | ||
| Q1 24 | $-2.3M | $16.2M |
自由现金流率APLDCSV
| Q4 25 | -448.6% | 5.9% | ||
| Q3 25 | -516.1% | 17.5% | ||
| Q2 25 | 574.8% | 5.1% | ||
| Q1 25 | -475.4% | 9.9% | ||
| Q4 24 | -349.6% | 5.0% | ||
| Q3 24 | -215.3% | 16.1% | ||
| Q2 24 | -203.5% | -1.4% | ||
| Q1 24 | -5.4% | 15.6% |
资本支出强度APLDCSV
| Q4 25 | 436.1% | 7.5% | ||
| Q3 25 | 388.4% | 6.5% | ||
| Q2 25 | -595.4% | 2.8% | ||
| Q1 25 | 486.6% | 3.0% | ||
| Q4 24 | 267.8% | 4.5% | ||
| Q3 24 | 90.3% | 4.6% | ||
| Q2 24 | 125.4% | 3.5% | ||
| Q1 24 | 95.0% | 3.4% |
现金转化率APLDCSV
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 3.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 2.83× |
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% |
CSV
| Propertyand Merchandise | $47.8M | 45% |
| Cemetery Interment Rights | $24.8M | 23% |
| Merchandise | $18.9M | 18% |
| Other Revenue | $10.2M | 10% |
| Other | $3.9M | 4% |
