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Applied Digital Corp.（APLD）与RESOURCES CONNECTION, INC.（RGP）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RESOURCES CONNECTION, INC.的1.1倍（$126.6M vs $117.7M），RESOURCES CONNECTION, INC.净利率更高（-10.8% vs -11.4%，领先0.7%），Applied Digital Corp.同比增速更快（98.2% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-567.9M），过去两年Applied Digital Corp.的营收复合增速更高（70.9% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
APLD vs RGP — 直观对比
营收规模更大
APLD
是对方的1.1倍
$117.7M
营收增速更快
APLD
高出117.4%
-19.2%
净利率更高
RGP
高出0.7%
-11.4%
自由现金流更多
RGP
多$583.5M
$-567.9M
两年增速更快
APLD
近两年复合增速
-11.8%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $117.7M |
| 净利润 | $-14.4M | $-12.7M |
| 毛利率 | 20.6% | 37.1% |
| 营业利润率 | -24.5% | -10.3% |
| 净利率 | -11.4% | -10.8% |
| 营收同比 | 98.2% | -19.2% |
| 净利润同比 | 89.6% | 81.6% |
| 每股收益（稀释后） | $-0.07 | $-0.38 |
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APLDRGP
| Q4 25 | $126.6M | $117.7M | ||
| Q3 25 | $64.2M | $120.2M | ||
| Q2 25 | $-33.3M | $139.3M | ||
| Q1 25 | $52.9M | $129.4M | ||
| Q4 24 | $63.9M | $145.6M | ||
| Q3 24 | $60.7M | $136.9M | ||
| Q2 24 | $43.7M | $148.2M | ||
| Q1 24 | $43.3M | $151.3M |
净利润APLDRGP
| Q4 25 | $-14.4M | $-12.7M | ||
| Q3 25 | $-16.9M | $-2.4M | ||
| Q2 25 | $-52.5M | $-73.3M | ||
| Q1 25 | $-35.6M | $-44.1M | ||
| Q4 24 | $-138.7M | $-68.7M | ||
| Q3 24 | $-4.2M | $-5.7M | ||
| Q2 24 | $-64.5M | $10.5M | ||
| Q1 24 | $-62.8M | $2.5M |
毛利率APLDRGP
| Q4 25 | 20.6% | 37.1% | ||
| Q3 25 | 13.4% | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | 7.1% | 35.1% | ||
| Q4 24 | 18.0% | 38.5% | ||
| Q3 24 | -0.6% | 36.5% | ||
| Q2 24 | -9.1% | 40.2% | ||
| Q1 24 | -8.6% | 37.0% |
营业利润率APLDRGP
| Q4 25 | -24.5% | -10.3% | ||
| Q3 25 | -34.7% | -1.7% | ||
| Q2 25 | — | -47.0% | ||
| Q1 25 | -35.8% | -38.4% | ||
| Q4 24 | -29.1% | -52.7% | ||
| Q3 24 | 15.6% | -3.5% | ||
| Q2 24 | -68.4% | 7.6% | ||
| Q1 24 | -128.8% | 2.8% |
净利率APLDRGP
| Q4 25 | -11.4% | -10.8% | ||
| Q3 25 | -26.4% | -2.0% | ||
| Q2 25 | 157.8% | -52.6% | ||
| Q1 25 | -67.2% | -34.0% | ||
| Q4 24 | -217.2% | -47.2% | ||
| Q3 24 | -7.0% | -4.2% | ||
| Q2 24 | -147.5% | 7.1% | ||
| Q1 24 | -145.0% | 1.7% |
每股收益（稀释后）APLDRGP
| Q4 25 | $-0.07 | $-0.38 | ||
| Q3 25 | $-0.07 | $-0.07 | ||
| Q2 25 | $-0.31 | $-2.21 | ||
| Q1 25 | $-0.16 | $-1.34 | ||
| Q4 24 | $-0.66 | $-2.08 | ||
| Q3 24 | $-0.03 | $-0.17 | ||
| Q2 24 | $-0.57 | $0.31 | ||
| Q1 24 | $-0.52 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $194.6M |
| 总资产 | $5.2B | $289.3M |
| 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APLDRGP
| Q4 25 | $1.9B | $89.8M | ||
| Q3 25 | $73.9M | $77.5M | ||
| Q2 25 | $41.6M | $86.1M | ||
| Q1 25 | $68.7M | $72.5M | ||
| Q4 24 | $286.2M | $78.2M | ||
| Q3 24 | $58.2M | $89.6M | ||
| Q2 24 | $3.3M | $108.9M | ||
| Q1 24 | $4.4M | $113.8M |
股东权益APLDRGP
| Q4 25 | $1.4B | $194.6M | ||
| Q3 25 | $1.0B | $206.4M | ||
| Q2 25 | $497.7M | $207.1M | ||
| Q1 25 | $454.6M | $277.8M | ||
| Q4 24 | $434.6M | $325.7M | ||
| Q3 24 | $241.8M | $407.2M | ||
| Q2 24 | $124.8M | $418.8M | ||
| Q1 24 | $118.5M | $414.9M |
总资产APLDRGP
| Q4 25 | $5.2B | $289.3M | ||
| Q3 25 | $2.4B | $287.2M | ||
| Q2 25 | $1.9B | $304.7M | ||
| Q1 25 | $1.7B | $375.6M | ||
| Q4 24 | $1.5B | $424.9M | ||
| Q3 24 | $937.7M | $512.9M | ||
| Q2 24 | $762.9M | $510.9M | ||
| Q1 24 | $643.2M | $523.2M |
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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-567.9M | $15.6M |
| 自由现金流率自由现金流/营收 | -448.6% | 13.2% |
| 资本支出强度资本支出/营收 | 436.1% | 0.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.3B | $24.3M |
8季度趋势，按日历期对齐
经营现金流APLDRGP
| Q4 25 | $-15.8M | $15.9M | ||
| Q3 25 | $-82.0M | $-7.8M | ||
| Q2 25 | $6.9M | $16.8M | ||
| Q1 25 | $5.9M | $659.0K | ||
| Q4 24 | $-52.3M | $1.8M | ||
| Q3 24 | $-75.9M | $-309.0K | ||
| Q2 24 | $-34.1M | $3.2M | ||
| Q1 24 | $38.8M | $20.5M |
自由现金流APLDRGP
| Q4 25 | $-567.9M | $15.6M | ||
| Q3 25 | $-331.4M | $-8.0M | ||
| Q2 25 | $-191.4M | $16.5M | ||
| Q1 25 | $-251.6M | $238.0K | ||
| Q4 24 | $-223.3M | $61.0K | ||
| Q3 24 | $-130.7M | $-575.0K | ||
| Q2 24 | $-88.9M | $3.0M | ||
| Q1 24 | $-2.3M | $20.4M |
自由现金流率APLDRGP
| Q4 25 | -448.6% | 13.2% | ||
| Q3 25 | -516.1% | -6.6% | ||
| Q2 25 | 574.8% | 11.8% | ||
| Q1 25 | -475.4% | 0.2% | ||
| Q4 24 | -349.6% | 0.0% | ||
| Q3 24 | -215.3% | -0.4% | ||
| Q2 24 | -203.5% | 2.1% | ||
| Q1 24 | -5.4% | 13.5% |
资本支出强度APLDRGP
| Q4 25 | 436.1% | 0.3% | ||
| Q3 25 | 388.4% | 0.1% | ||
| Q2 25 | -595.4% | 0.2% | ||
| Q1 25 | 486.6% | 0.3% | ||
| Q4 24 | 267.8% | 1.2% | ||
| Q3 24 | 90.3% | 0.2% | ||
| Q2 24 | 125.4% | 0.1% | ||
| Q1 24 | 95.0% | 0.1% |
现金转化率APLDRGP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
