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Applied Digital Corp.（APLD）与Proto Labs Inc（PRLB）财务数据对比。点击上方公司名可切换其他公司
Proto Labs Inc的季度营收约是Applied Digital Corp.的1.1倍（$139.3M vs $126.6M），Proto Labs Inc净利率更高（5.8% vs -11.4%，领先17.2%），Applied Digital Corp.同比增速更快（98.2% vs 10.4%），过去两年Applied Digital Corp.的营收复合增速更高（70.9% vs 5.3%）
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。
Proto Labs是一家提供快速制造服务的企业，可通过3D打印、CNC加工、钣金加工以及注塑成型工艺，为客户生产用于原型制作和量产的定制零部件，产品广泛应用于医疗设备、航空航天、电子、家电、汽车、消费品等多个领域，公司总部位于美国明尼苏达州，在美国多地设有生产基地。
APLD vs PRLB — 直观对比
营收规模更大
PRLB
是对方的1.1倍
$126.6M
营收增速更快
APLD
高出87.8%
10.4%
净利率更高
PRLB
高出17.2%
-11.4%
两年增速更快
APLD
近两年复合增速
5.3%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $139.3M |
| 净利润 | $-14.4M | $8.1M |
| 毛利率 | 20.6% | 45.6% |
| 营业利润率 | -24.5% | 7.1% |
| 净利率 | -11.4% | 5.8% |
| 营收同比 | 98.2% | 10.4% |
| 净利润同比 | 89.6% | 125.4% |
| 每股收益（稀释后） | $-0.07 | $0.29 |
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APLDPRLB
| Q1 26 | — | $139.3M | ||
| Q4 25 | $126.6M | $136.5M | ||
| Q3 25 | $64.2M | $135.4M | ||
| Q2 25 | $-33.3M | $135.1M | ||
| Q1 25 | $52.9M | $126.2M | ||
| Q4 24 | $63.9M | $121.8M | ||
| Q3 24 | $60.7M | $125.6M | ||
| Q2 24 | $43.7M | $125.6M |
净利润APLDPRLB
| Q1 26 | — | $8.1M | ||
| Q4 25 | $-14.4M | — | ||
| Q3 25 | $-16.9M | $7.2M | ||
| Q2 25 | $-52.5M | $4.4M | ||
| Q1 25 | $-35.6M | $3.6M | ||
| Q4 24 | $-138.7M | — | ||
| Q3 24 | $-4.2M | $7.2M | ||
| Q2 24 | $-64.5M | $4.5M |
毛利率APLDPRLB
| Q1 26 | — | 45.6% | ||
| Q4 25 | 20.6% | 44.2% | ||
| Q3 25 | 13.4% | 45.3% | ||
| Q2 25 | — | 44.3% | ||
| Q1 25 | 7.1% | 44.1% | ||
| Q4 24 | 18.0% | 42.7% | ||
| Q3 24 | -0.6% | 45.6% | ||
| Q2 24 | -9.1% | 45.0% |
营业利润率APLDPRLB
| Q1 26 | — | 7.1% | ||
| Q4 25 | -24.5% | 5.0% | ||
| Q3 25 | -34.7% | 6.5% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | -35.8% | 3.6% | ||
| Q4 24 | -29.1% | -1.2% | ||
| Q3 24 | 15.6% | 6.8% | ||
| Q2 24 | -68.4% | 4.8% |
净利率APLDPRLB
| Q1 26 | — | 5.8% | ||
| Q4 25 | -11.4% | — | ||
| Q3 25 | -26.4% | 5.3% | ||
| Q2 25 | 157.8% | 3.3% | ||
| Q1 25 | -67.2% | 2.9% | ||
| Q4 24 | -217.2% | — | ||
| Q3 24 | -7.0% | 5.7% | ||
| Q2 24 | -147.5% | 3.6% |
每股收益（稀释后）APLDPRLB
| Q1 26 | — | $0.29 | ||
| Q4 25 | $-0.07 | $0.25 | ||
| Q3 25 | $-0.07 | $0.30 | ||
| Q2 25 | $-0.31 | $0.18 | ||
| Q1 25 | $-0.16 | $0.15 | ||
| Q4 24 | $-0.66 | $-0.01 | ||
| Q3 24 | $-0.03 | $0.29 | ||
| Q2 24 | $-0.57 | $0.18 |
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 | $124.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $683.1M |
| 总资产 | $5.2B | $778.6M |
| 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APLDPRLB
| Q1 26 | — | $124.0M | ||
| Q4 25 | $1.9B | $128.1M | ||
| Q3 25 | $73.9M | $119.2M | ||
| Q2 25 | $41.6M | $103.2M | ||
| Q1 25 | $68.7M | $96.8M | ||
| Q4 24 | $286.2M | $103.1M | ||
| Q3 24 | $58.2M | $100.5M | ||
| Q2 24 | $3.3M | $112.9M |
股东权益APLDPRLB
| Q1 26 | — | $683.1M | ||
| Q4 25 | $1.4B | $673.9M | ||
| Q3 25 | $1.0B | $664.7M | ||
| Q2 25 | $497.7M | $664.7M | ||
| Q1 25 | $454.6M | $656.8M | ||
| Q4 24 | $434.6M | $670.2M | ||
| Q3 24 | $241.8M | $680.0M | ||
| Q2 24 | $124.8M | $685.2M |
总资产APLDPRLB
| Q1 26 | — | $778.6M | ||
| Q4 25 | $5.2B | $763.4M | ||
| Q3 25 | $2.4B | $756.9M | ||
| Q2 25 | $1.9B | $743.3M | ||
| Q1 25 | $1.7B | $737.5M | ||
| Q4 24 | $1.5B | $743.5M | ||
| Q3 24 | $937.7M | $753.8M | ||
| Q2 24 | $762.9M | $758.2M |
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 | $17.5M |
| 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 | — | 2.16× |
| 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APLDPRLB
| Q1 26 | — | $17.5M | ||
| Q4 25 | $-15.8M | $16.5M | ||
| Q3 25 | $-82.0M | $29.1M | ||
| Q2 25 | $6.9M | $10.6M | ||
| Q1 25 | $5.9M | $18.4M | ||
| Q4 24 | $-52.3M | $17.3M | ||
| Q3 24 | $-75.9M | $24.8M | ||
| Q2 24 | $-34.1M | $14.4M |
自由现金流APLDPRLB
| Q1 26 | — | — | ||
| Q4 25 | $-567.9M | $8.4M | ||
| Q3 25 | $-331.4M | $25.0M | ||
| Q2 25 | $-191.4M | $9.1M | ||
| Q1 25 | $-251.6M | $17.1M | ||
| Q4 24 | $-223.3M | $16.5M | ||
| Q3 24 | $-130.7M | $23.2M | ||
| Q2 24 | $-88.9M | $10.2M |
自由现金流率APLDPRLB
| Q1 26 | — | — | ||
| Q4 25 | -448.6% | 6.2% | ||
| Q3 25 | -516.1% | 18.5% | ||
| Q2 25 | 574.8% | 6.7% | ||
| Q1 25 | -475.4% | 13.6% | ||
| Q4 24 | -349.6% | 13.5% | ||
| Q3 24 | -215.3% | 18.5% | ||
| Q2 24 | -203.5% | 8.2% |
资本支出强度APLDPRLB
| Q1 26 | — | — | ||
| Q4 25 | 436.1% | 5.9% | ||
| Q3 25 | 388.4% | 3.0% | ||
| Q2 25 | -595.4% | 1.1% | ||
| Q1 25 | 486.6% | 1.0% | ||
| Q4 24 | 267.8% | 0.7% | ||
| Q3 24 | 90.3% | 1.2% | ||
| Q2 24 | 125.4% | 3.3% |
现金转化率APLDPRLB
| Q1 26 | — | 2.16× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.03× | ||
| Q2 25 | — | 2.39× | ||
| Q1 25 | — | 5.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.44× | ||
| Q2 24 | — | 3.18× |
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% |
PRLB
| CNC Machining | $63.2M | 45% |
| Injection Molding | $51.1M | 37% |
| 3D Printing | $20.5M | 15% |
| Sheet Metal | $4.4M | 3% |
| Other Revenue | $207.0K | 0% |
