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Apple Hospitality REIT, Inc.（APLE）与APPFOLIO INC（APPF）财务数据对比。点击上方公司名可切换其他公司
Apple Hospitality REIT, Inc.的季度营收约是APPFOLIO INC的1.2倍（$326.4M vs $262.2M），APPFOLIO INC净利率更高（16.2% vs 9.1%，领先7.1%），APPFOLIO INC同比增速更快（20.4% vs -2.0%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs -0.5%）
莱曼 hospitality properties是一家深耕酒店、度假村、娱乐及媒体领域的企业，得名于旗下核心资产——位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾作为爱德华·盖洛德旗下俄克拉荷马出版公司子公司的时期，1983年收购WSM公司后，拿下大奥普里等知名IP，奠定了如今的业务发展基础。
AppFolio Inc.是一家2006年成立的美国企业，专注服务房地产行业，为客户提供软件即服务（SaaS）类应用产品及相关配套服务，助力房地产相关经营主体优化管理流程、提升运营效率。
APLE vs APPF — 直观对比
营收规模更大
APLE
是对方的1.2倍
$262.2M
营收增速更快
APPF
高出22.4%
-2.0%
净利率更高
APPF
高出7.1%
9.1%
两年增速更快
APPF
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $326.4M | $262.2M |
| 净利润 | $29.6M | $42.4M |
| 毛利率 | 37.2% | — |
| 营业利润率 | 15.2% | 19.4% |
| 净利率 | 9.1% | 16.2% |
| 营收同比 | -2.0% | 20.4% |
| 净利润同比 | -0.7% | 35.2% |
| 每股收益（稀释后） | $0.13 | $1.18 |
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APLEAPPF
| Q1 26 | — | $262.2M | ||
| Q4 25 | $326.4M | $248.2M | ||
| Q3 25 | $373.9M | $249.4M | ||
| Q2 25 | $384.4M | $235.6M | ||
| Q1 25 | $327.7M | $217.7M | ||
| Q4 24 | $333.0M | $203.7M | ||
| Q3 24 | $378.8M | $205.7M | ||
| Q2 24 | $390.1M | $197.4M |
净利润APLEAPPF
| Q1 26 | — | $42.4M | ||
| Q4 25 | $29.6M | $39.9M | ||
| Q3 25 | $50.9M | $33.6M | ||
| Q2 25 | $63.6M | $36.0M | ||
| Q1 25 | $31.2M | $31.4M | ||
| Q4 24 | $29.8M | $102.7M | ||
| Q3 24 | $56.3M | $33.0M | ||
| Q2 24 | $73.9M | $29.7M |
毛利率APLEAPPF
| Q1 26 | — | — | ||
| Q4 25 | 37.2% | — | ||
| Q3 25 | 40.6% | — | ||
| Q2 25 | 42.6% | — | ||
| Q1 25 | 39.0% | — | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 41.9% | — | ||
| Q2 24 | 44.6% | — |
营业利润率APLEAPPF
| Q1 26 | — | 19.4% | ||
| Q4 25 | 15.2% | 17.6% | ||
| Q3 25 | 19.4% | 14.1% | ||
| Q2 25 | 22.1% | 17.2% | ||
| Q1 25 | 15.5% | 15.5% | ||
| Q4 24 | 15.0% | 11.3% | ||
| Q3 24 | 20.5% | 20.7% | ||
| Q2 24 | 24.0% | 18.3% |
净利率APLEAPPF
| Q1 26 | — | 16.2% | ||
| Q4 25 | 9.1% | 16.1% | ||
| Q3 25 | 13.6% | 13.5% | ||
| Q2 25 | 16.6% | 15.3% | ||
| Q1 25 | 9.5% | 14.4% | ||
| Q4 24 | 9.0% | 50.4% | ||
| Q3 24 | 14.9% | 16.0% | ||
| Q2 24 | 19.0% | 15.0% |
每股收益（稀释后）APLEAPPF
| Q1 26 | — | $1.18 | ||
| Q4 25 | $0.13 | $1.10 | ||
| Q3 25 | $0.21 | $0.93 | ||
| Q2 25 | $0.27 | $0.99 | ||
| Q1 25 | $0.13 | $0.86 | ||
| Q4 24 | $0.13 | $2.79 | ||
| Q3 24 | $0.23 | $0.90 | ||
| Q2 24 | $0.31 | $0.81 |
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 | $8.5M | $147.4M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $3.1B | $470.2M |
| 总资产 | $4.9B | $580.6M |
| 负债/权益比越低杠杆越低 | 0.49× | — |
8季度趋势，按日历期对齐
现金及短期投资APLEAPPF
| Q1 26 | — | $147.4M | ||
| Q4 25 | $8.5M | $107.0M | ||
| Q3 25 | $50.3M | $76.1M | ||
| Q2 25 | $7.9M | $73.5M | ||
| Q1 25 | $14.9M | $56.9M | ||
| Q4 24 | $10.3M | $42.5M | ||
| Q3 24 | $6.1M | $62.4M | ||
| Q2 24 | $7.2M | $59.6M |
总债务APLEAPPF
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
股东权益APLEAPPF
| Q1 26 | — | $470.2M | ||
| Q4 25 | $3.1B | $542.6M | ||
| Q3 25 | $3.2B | $498.9M | ||
| Q2 25 | $3.2B | $455.6M | ||
| Q1 25 | $3.2B | $462.1M | ||
| Q4 24 | $3.3B | $519.3M | ||
| Q3 24 | $3.3B | $412.8M | ||
| Q2 24 | $3.3B | $371.4M |
总资产APLEAPPF
| Q1 26 | — | $580.6M | ||
| Q4 25 | $4.9B | $689.0M | ||
| Q3 25 | $4.9B | $640.5M | ||
| Q2 25 | $4.9B | $567.4M | ||
| Q1 25 | $4.9B | $564.7M | ||
| Q4 24 | $5.0B | $626.7M | ||
| Q3 24 | $5.0B | $523.3M | ||
| Q2 24 | $5.1B | $479.3M |
负债/权益比APLEAPPF
| Q1 26 | — | — | ||
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | 0.46× | — | ||
| Q2 24 | 0.46× | — |
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 | $370.2M | $34.3M |
| 自由现金流经营现金流 - 资本支出 | $282.0M | — |
| 自由现金流率自由现金流/营收 | 86.4% | — |
| 资本支出强度资本支出/营收 | 27.0% | — |
| 现金转化率经营现金流/净利润 | 12.50× | 0.81× |
| 过去12个月自由现金流最近4个季度 | $516.8M | — |
8季度趋势，按日历期对齐
经营现金流APLEAPPF
| Q1 26 | — | $34.3M | ||
| Q4 25 | $370.2M | $65.0M | ||
| Q3 25 | $126.4M | $86.0M | ||
| Q2 25 | $108.8M | $52.6M | ||
| Q1 25 | $49.1M | $38.5M | ||
| Q4 24 | $405.4M | $36.6M | ||
| Q3 24 | $128.2M | $57.8M | ||
| Q2 24 | $127.3M | $50.9M |
自由现金流APLEAPPF
| Q1 26 | — | — | ||
| Q4 25 | $282.0M | $63.7M | ||
| Q3 25 | $109.0M | $84.7M | ||
| Q2 25 | $96.2M | $52.4M | ||
| Q1 25 | $29.5M | $38.2M | ||
| Q4 24 | $327.1M | $36.4M | ||
| Q3 24 | $113.1M | $57.4M | ||
| Q2 24 | $115.0M | $50.8M |
自由现金流率APLEAPPF
| Q1 26 | — | — | ||
| Q4 25 | 86.4% | 25.7% | ||
| Q3 25 | 29.2% | 34.0% | ||
| Q2 25 | 25.0% | 22.2% | ||
| Q1 25 | 9.0% | 17.6% | ||
| Q4 24 | 98.2% | 17.9% | ||
| Q3 24 | 29.9% | 27.9% | ||
| Q2 24 | 29.5% | 25.8% |
资本支出强度APLEAPPF
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | 0.5% | ||
| Q3 25 | 4.7% | 0.5% | ||
| Q2 25 | 3.3% | 0.1% | ||
| Q1 25 | 6.0% | 0.1% | ||
| Q4 24 | 23.5% | 0.1% | ||
| Q3 24 | 4.0% | 0.2% | ||
| Q2 24 | 3.2% | 0.0% |
现金转化率APLEAPPF
| Q1 26 | — | 0.81× | ||
| Q4 25 | 12.50× | 1.63× | ||
| Q3 25 | 2.49× | 2.56× | ||
| Q2 25 | 1.71× | 1.46× | ||
| Q1 25 | 1.57× | 1.23× | ||
| Q4 24 | 13.59× | 0.36× | ||
| Q3 24 | 2.28× | 1.75× | ||
| Q2 24 | 1.72× | 1.71× |
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
APLE
| Occupancy | $293.0M | 90% |
| Hotel Other | $17.2M | 5% |
| Food And Beverage | $16.3M | 5% |
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
