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Applied Digital Corp.（APLD）与ONESPAWORLD HOLDINGS Ltd（OSW）财务数据对比。点击上方公司名可切换其他公司
ONESPAWORLD HOLDINGS Ltd的季度营收约是Applied Digital Corp.的1.9倍（$242.1M vs $126.6M），ONESPAWORLD HOLDINGS Ltd净利率更高（5.0% vs -11.4%，领先16.4%），Applied Digital Corp.同比增速更快（98.2% vs 11.5%），ONESPAWORLD HOLDINGS Ltd自由现金流更多（$14.9M vs $-567.9M），过去两年Applied Digital Corp.的营收复合增速更高（70.9% vs 7.1%）
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。
APLD vs OSW — 直观对比
营收规模更大
OSW
是对方的1.9倍
$126.6M
营收增速更快
APLD
高出86.7%
11.5%
净利率更高
OSW
高出16.4%
-11.4%
自由现金流更多
OSW
多$582.8M
$-567.9M
两年增速更快
APLD
近两年复合增速
7.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $242.1M |
| 净利润 | $-14.4M | $12.1M |
| 毛利率 | 20.6% | — |
| 营业利润率 | -24.5% | 6.8% |
| 净利率 | -11.4% | 5.0% |
| 营收同比 | 98.2% | 11.5% |
| 净利润同比 | 89.6% | -16.2% |
| 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APLDOSW
| Q4 25 | $126.6M | $242.1M | ||
| Q3 25 | $64.2M | $258.5M | ||
| Q2 25 | $-33.3M | $240.7M | ||
| Q1 25 | $52.9M | $219.6M | ||
| Q4 24 | $63.9M | $217.2M | ||
| Q3 24 | $60.7M | $241.7M | ||
| Q2 24 | $43.7M | $224.9M | ||
| Q1 24 | $43.3M | $211.2M |
净利润APLDOSW
| Q4 25 | $-14.4M | $12.1M | ||
| Q3 25 | $-16.9M | $24.3M | ||
| Q2 25 | $-52.5M | $19.9M | ||
| Q1 25 | $-35.6M | $15.3M | ||
| Q4 24 | $-138.7M | $14.4M | ||
| Q3 24 | $-4.2M | $21.6M | ||
| Q2 24 | $-64.5M | $15.8M | ||
| Q1 24 | $-62.8M | $21.2M |
毛利率APLDOSW
| 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APLDOSW
| Q4 25 | -24.5% | 6.8% | ||
| Q3 25 | -34.7% | 10.2% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | -35.8% | 7.7% | ||
| Q4 24 | -29.1% | 7.9% | ||
| Q3 24 | 15.6% | 10.3% | ||
| Q2 24 | -68.4% | 8.4% | ||
| Q1 24 | -128.8% | 8.0% |
净利率APLDOSW
| Q4 25 | -11.4% | 5.0% | ||
| Q3 25 | -26.4% | 9.4% | ||
| Q2 25 | 157.8% | 8.3% | ||
| Q1 25 | -67.2% | 7.0% | ||
| Q4 24 | -217.2% | 6.6% | ||
| Q3 24 | -7.0% | 8.9% | ||
| Q2 24 | -147.5% | 7.0% | ||
| Q1 24 | -145.0% | 10.0% |
每股收益（稀释后）APLDOSW
| Q4 25 | $-0.07 | $0.12 | ||
| Q3 25 | $-0.07 | $0.23 | ||
| Q2 25 | $-0.31 | $0.19 | ||
| Q1 25 | $-0.16 | $0.15 | ||
| Q4 24 | $-0.66 | $0.13 | ||
| Q3 24 | $-0.03 | $0.20 | ||
| Q2 24 | $-0.57 | $0.15 | ||
| Q1 24 | $-0.52 | $0.21 |
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 | $16.3M |
| 总债务越低越好 | — | $84.0M |
| 股东权益账面价值 | $1.4B | $542.6M |
| 总资产 | $5.2B | $707.1M |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资APLDOSW
| Q4 25 | $1.9B | $16.3M | ||
| Q3 25 | $73.9M | $29.6M | ||
| Q2 25 | $41.6M | $35.0M | ||
| Q1 25 | $68.7M | $22.6M | ||
| Q4 24 | $286.2M | $57.4M | ||
| Q3 24 | $58.2M | $48.8M | ||
| Q2 24 | $3.3M | $62.5M | ||
| Q1 24 | $4.4M | $65.4M |
总债务APLDOSW
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
股东权益APLDOSW
| Q4 25 | $1.4B | $542.6M | ||
| Q3 25 | $1.0B | $552.8M | ||
| Q2 25 | $497.7M | $548.3M | ||
| Q1 25 | $454.6M | $530.6M | ||
| Q4 24 | $434.6M | $554.5M | ||
| Q3 24 | $241.8M | $540.1M | ||
| Q2 24 | $124.8M | $532.7M | ||
| Q1 24 | $118.5M | $515.5M |
总资产APLDOSW
| Q4 25 | $5.2B | $707.1M | ||
| Q3 25 | $2.4B | $732.6M | ||
| Q2 25 | $1.9B | $731.8M | ||
| Q1 25 | $1.7B | $708.7M | ||
| Q4 24 | $1.5B | $746.4M | ||
| Q3 24 | $937.7M | $734.0M | ||
| Q2 24 | $762.9M | $756.8M | ||
| Q1 24 | $643.2M | $763.6M |
负债/权益比APLDOSW
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| 自由现金流经营现金流 - 资本支出 | $-567.9M | $14.9M |
| 自由现金流率自由现金流/营收 | -448.6% | 6.2% |
| 资本支出强度资本支出/营收 | 436.1% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $-1.3B | $68.4M |
8季度趋势，按日历期对齐
经营现金流APLDOSW
| Q4 25 | $-15.8M | $20.0M | ||
| Q3 25 | $-82.0M | $33.2M | ||
| Q2 25 | $6.9M | $20.3M | ||
| Q1 25 | $5.9M | $10.1M | ||
| Q4 24 | $-52.3M | $16.6M | ||
| Q3 24 | $-75.9M | $28.6M | ||
| Q2 24 | $-34.1M | $18.7M | ||
| Q1 24 | $38.8M | $15.0M |
自由现金流APLDOSW
| Q4 25 | $-567.9M | $14.9M | ||
| Q3 25 | $-331.4M | $27.6M | ||
| Q2 25 | $-191.4M | $17.6M | ||
| Q1 25 | $-251.6M | $8.4M | ||
| Q4 24 | $-223.3M | $13.2M | ||
| Q3 24 | $-130.7M | $27.5M | ||
| Q2 24 | $-88.9M | $17.6M | ||
| Q1 24 | $-2.3M | $13.7M |
自由现金流率APLDOSW
| Q4 25 | -448.6% | 6.2% | ||
| Q3 25 | -516.1% | 10.7% | ||
| Q2 25 | 574.8% | 7.3% | ||
| Q1 25 | -475.4% | 3.8% | ||
| Q4 24 | -349.6% | 6.1% | ||
| Q3 24 | -215.3% | 11.4% | ||
| Q2 24 | -203.5% | 7.8% | ||
| Q1 24 | -5.4% | 6.5% |
资本支出强度APLDOSW
| Q4 25 | 436.1% | 2.1% | ||
| Q3 25 | 388.4% | 2.2% | ||
| Q2 25 | -595.4% | 1.1% | ||
| Q1 25 | 486.6% | 0.8% | ||
| Q4 24 | 267.8% | 1.5% | ||
| Q3 24 | 90.3% | 0.5% | ||
| Q2 24 | 125.4% | 0.5% | ||
| Q1 24 | 95.0% | 0.6% |
现金转化率APLDOSW
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
