vs
Applied Digital Corp.（APLD）与牛津地产（IIPR）财务数据对比。点击上方公司名可切换其他公司
Applied Digital Corp.的季度营收约是牛津地产的1.9倍（$126.6M vs $66.7M），牛津地产净利率更高（47.8% vs -11.4%，领先59.2%），Applied Digital Corp.同比增速更快（98.2% vs -13.1%），过去两年Applied Digital Corp.的营收复合增速更高（70.9% vs -6.0%）
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。
牛津地产是一家加拿大跨国企业，业务涵盖房地产投资、开发与物业管理。其投资组合包含写字楼、零售、工业、多户住宅、生命科学及酒店类资产。该公司1960年以私营企业形式创立，自2003年起成为安大略省市政雇员退休系统（OMERS）的全资子公司，总部设于多伦多，在纽约、伦敦、澳大利亚、新加坡及卢森堡均设有区域总部。
APLD vs IIPR — 直观对比
营收规模更大
APLD
是对方的1.9倍
$66.7M
营收增速更快
APLD
高出111.3%
-13.1%
净利率更高
IIPR
高出59.2%
-11.4%
两年增速更快
APLD
近两年复合增速
-6.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $66.7M |
| 净利润 | $-14.4M | $31.8M |
| 毛利率 | 20.6% | — |
| 营业利润率 | -24.5% | 47.8% |
| 净利率 | -11.4% | 47.8% |
| 营收同比 | 98.2% | -13.1% |
| 净利润同比 | 89.6% | -20.4% |
| 每股收益（稀释后） | $-0.07 | $1.07 |
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APLDIIPR
| Q4 25 | $126.6M | $66.7M | ||
| Q3 25 | $64.2M | $64.7M | ||
| Q2 25 | $-33.3M | $62.9M | ||
| Q1 25 | $52.9M | $71.7M | ||
| Q4 24 | $63.9M | $76.7M | ||
| Q3 24 | $60.7M | $76.5M | ||
| Q2 24 | $43.7M | $79.8M | ||
| Q1 24 | $43.3M | $75.5M |
净利润APLDIIPR
| Q4 25 | $-14.4M | $31.8M | ||
| Q3 25 | $-16.9M | $29.3M | ||
| Q2 25 | $-52.5M | $26.0M | ||
| Q1 25 | $-35.6M | $31.1M | ||
| Q4 24 | $-138.7M | $40.0M | ||
| Q3 24 | $-4.2M | $40.2M | ||
| Q2 24 | $-64.5M | $42.0M | ||
| Q1 24 | $-62.8M | $39.4M |
毛利率APLDIIPR
| 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APLDIIPR
| Q4 25 | -24.5% | 47.8% | ||
| Q3 25 | -34.7% | 45.5% | ||
| Q2 25 | — | 45.9% | ||
| Q1 25 | -35.8% | 47.4% | ||
| Q4 24 | -29.1% | 54.7% | ||
| Q3 24 | 15.6% | 54.8% | ||
| Q2 24 | -68.4% | 53.1% | ||
| Q1 24 | -128.8% | 55.7% |
净利率APLDIIPR
| Q4 25 | -11.4% | 47.8% | ||
| Q3 25 | -26.4% | 45.3% | ||
| Q2 25 | 157.8% | 41.4% | ||
| Q1 25 | -67.2% | 43.3% | ||
| Q4 24 | -217.2% | 52.2% | ||
| Q3 24 | -7.0% | 52.6% | ||
| Q2 24 | -147.5% | 52.6% | ||
| Q1 24 | -145.0% | 52.3% |
每股收益（稀释后）APLDIIPR
| Q4 25 | $-0.07 | $1.07 | ||
| Q3 25 | $-0.07 | $0.97 | ||
| Q2 25 | $-0.31 | $0.86 | ||
| Q1 25 | $-0.16 | $1.03 | ||
| Q4 24 | $-0.66 | $1.35 | ||
| Q3 24 | $-0.03 | $1.37 | ||
| Q2 24 | $-0.57 | $1.44 | ||
| Q1 24 | $-0.52 | $1.36 |
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 | $47.6M |
| 总债务越低越好 | — | $393.7M |
| 股东权益账面价值 | $1.4B | $1.8B |
| 总资产 | $5.2B | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资APLDIIPR
| Q4 25 | $1.9B | $47.6M | ||
| Q3 25 | $73.9M | $41.9M | ||
| Q2 25 | $41.6M | $104.9M | ||
| Q1 25 | $68.7M | $133.3M | ||
| Q4 24 | $286.2M | $151.2M | ||
| Q3 24 | $58.2M | $172.4M | ||
| Q2 24 | $3.3M | $160.9M | ||
| Q1 24 | $4.4M | $173.5M |
总债务APLDIIPR
| Q4 25 | — | $393.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APLDIIPR
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.0B | $1.9B | ||
| Q2 25 | $497.7M | $1.9B | ||
| Q1 25 | $454.6M | $1.9B | ||
| Q4 24 | $434.6M | $1.9B | ||
| Q3 24 | $241.8M | $1.9B | ||
| Q2 24 | $124.8M | $1.9B | ||
| Q1 24 | $118.5M | $2.0B |
总资产APLDIIPR
| Q4 25 | $5.2B | $2.4B | ||
| Q3 25 | $2.4B | $2.3B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.5B | $2.4B | ||
| Q3 24 | $937.7M | $2.4B | ||
| Q2 24 | $762.9M | $2.4B | ||
| Q1 24 | $643.2M | $2.4B |
负债/权益比APLDIIPR
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $198.2M |
| 自由现金流经营现金流 - 资本支出 | $-567.9M | — |
| 自由现金流率自由现金流/营收 | -448.6% | — |
| 资本支出强度资本支出/营收 | 436.1% | — |
| 现金转化率经营现金流/净利润 | — | 6.22× |
| 过去12个月自由现金流最近4个季度 | $-1.3B | — |
8季度趋势，按日历期对齐
经营现金流APLDIIPR
| Q4 25 | $-15.8M | $198.2M | ||
| Q3 25 | $-82.0M | $45.6M | ||
| Q2 25 | $6.9M | $48.4M | ||
| Q1 25 | $5.9M | $54.2M | ||
| Q4 24 | $-52.3M | $258.4M | ||
| Q3 24 | $-75.9M | $64.9M | ||
| Q2 24 | $-34.1M | $64.2M | ||
| Q1 24 | $38.8M | $71.6M |
自由现金流APLDIIPR
| Q4 25 | $-567.9M | — | ||
| Q3 25 | $-331.4M | — | ||
| Q2 25 | $-191.4M | — | ||
| Q1 25 | $-251.6M | — | ||
| Q4 24 | $-223.3M | — | ||
| Q3 24 | $-130.7M | — | ||
| Q2 24 | $-88.9M | — | ||
| Q1 24 | $-2.3M | — |
自由现金流率APLDIIPR
| Q4 25 | -448.6% | — | ||
| Q3 25 | -516.1% | — | ||
| Q2 25 | 574.8% | — | ||
| Q1 25 | -475.4% | — | ||
| Q4 24 | -349.6% | — | ||
| Q3 24 | -215.3% | — | ||
| Q2 24 | -203.5% | — | ||
| Q1 24 | -5.4% | — |
资本支出强度APLDIIPR
| Q4 25 | 436.1% | — | ||
| Q3 25 | 388.4% | — | ||
| Q2 25 | -595.4% | — | ||
| Q1 25 | 486.6% | — | ||
| Q4 24 | 267.8% | — | ||
| Q3 24 | 90.3% | — | ||
| Q2 24 | 125.4% | — | ||
| Q1 24 | 95.0% | — |
现金转化率APLDIIPR
| Q4 25 | — | 6.22× | ||
| Q3 25 | — | 1.56× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.75× | ||
| Q4 24 | — | 6.46× | ||
| Q3 24 | — | 1.61× | ||
| Q2 24 | — | 1.53× | ||
| Q1 24 | — | 1.82× |
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% |
IIPR
暂无分部数据
