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阿波罗全球管理（APO）与Cipher Mining Inc.（CIFR）财务数据对比。点击上方公司名可切换其他公司
阿波罗全球管理的季度营收约是Cipher Mining Inc.的165.2倍（$9.9B vs $59.7M），阿波罗全球管理净利率更高（6.9% vs -1229.6%，领先1236.5%），阿波罗全球管理同比增速更快（86.7% vs 41.4%），过去两年阿波罗全球管理的营收复合增速更高（18.4% vs 11.4%）
阿波罗全球管理是美国头部另类资产管理机构，截至2025年总资产管理规模达8400亿美元，业务涵盖3920亿美元的信贷类资产（含夹层资本、对冲基金、不良贷款、担保贷款凭证等）、990亿美元私募股权，以及462亿美元的地产、基建等实体资产，为全球客户提供专业资产管理服务。
Cipher Mining Inc.是总部位于美国的比特币挖矿生态运营企业，当前正全力发展加密货币相关业务，深耕加密行业上游基础设施赛道，依托技术及合规优势构建稳定高效的挖矿服务体系。
APO vs CIFR — 直观对比
营收规模更大
APO
是对方的165.2倍
$59.7M
营收增速更快
APO
高出45.3%
41.4%
净利率更高
APO
高出1236.5%
-1229.6%
两年增速更快
APO
近两年复合增速
11.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $9.9B | $59.7M |
| 净利润 | $684.0M | $-734.2M |
| 毛利率 | — | 59.4% |
| 营业利润率 | 17.8% | -503.4% |
| 净利率 | 6.9% | -1229.6% |
| 营收同比 | 86.7% | 41.4% |
| 净利润同比 | -54.0% | -4293.1% |
| 每股收益（稀释后） | $1.09 | $-1.91 |
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APOCIFR
| Q4 25 | $9.9B | $59.7M | ||
| Q3 25 | $9.8B | $71.7M | ||
| Q2 25 | $6.8B | $43.6M | ||
| Q1 25 | $5.5B | $49.0M | ||
| Q4 24 | $5.3B | $42.2M | ||
| Q3 24 | $7.8B | $24.1M | ||
| Q2 24 | $6.0B | $36.8M | ||
| Q1 24 | $7.0B | $48.1M |
净利润APOCIFR
| Q4 25 | $684.0M | $-734.2M | ||
| Q3 25 | $1.7B | $-3.3M | ||
| Q2 25 | $630.0M | $-45.8M | ||
| Q1 25 | $442.0M | $-39.0M | ||
| Q4 24 | $1.5B | $17.5M | ||
| Q3 24 | $811.0M | $-86.8M | ||
| Q2 24 | $853.0M | $-15.3M | ||
| Q1 24 | $1.4B | $39.9M |
毛利率APOCIFR
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 62.7% | ||
| Q2 25 | — | 64.8% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 37.5% | ||
| Q2 24 | — | 61.2% | ||
| Q1 24 | — | 69.2% |
营业利润率APOCIFR
| Q4 25 | 17.8% | -503.4% | ||
| Q3 25 | 29.5% | -52.5% | ||
| Q2 25 | 12.4% | -103.9% | ||
| Q1 25 | 21.3% | -77.8% | ||
| Q4 24 | 32.6% | 40.5% | ||
| Q3 24 | 26.8% | -379.2% | ||
| Q2 24 | 23.9% | -43.9% | ||
| Q1 24 | 31.1% | 97.2% |
净利率APOCIFR
| Q4 25 | 6.9% | -1229.6% | ||
| Q3 25 | 17.7% | -4.6% | ||
| Q2 25 | 9.2% | -105.1% | ||
| Q1 25 | 8.0% | -79.6% | ||
| Q4 24 | 28.1% | 41.5% | ||
| Q3 24 | 10.4% | -359.9% | ||
| Q2 24 | 14.2% | -41.5% | ||
| Q1 24 | 20.3% | 82.9% |
每股收益（稀释后）APOCIFR
| Q4 25 | $1.09 | $-1.91 | ||
| Q3 25 | $2.78 | $-0.01 | ||
| Q2 25 | $0.99 | $-0.12 | ||
| Q1 25 | $0.68 | $-0.11 | ||
| Q4 24 | $2.41 | $0.04 | ||
| Q3 24 | $1.29 | $-0.26 | ||
| Q2 24 | $1.35 | $-0.05 | ||
| Q1 24 | $2.28 | $0.13 |
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 | — | $628.3M |
| 总债务越低越好 | $13.4B | $2.7B |
| 股东权益账面价值 | $23.3B | $805.5M |
| 总资产 | $460.9B | $4.3B |
| 负债/权益比越低杠杆越低 | 0.57× | 3.37× |
8季度趋势，按日历期对齐
现金及短期投资APOCIFR
| Q4 25 | — | $628.3M | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $62.7M | ||
| Q1 25 | — | $23.2M | ||
| Q4 24 | — | $5.6M | ||
| Q3 24 | — | $25.3M | ||
| Q2 24 | — | $122.6M | ||
| Q1 24 | — | $88.7M |
总债务APOCIFR
| Q4 25 | $13.4B | $2.7B | ||
| Q3 25 | $12.6B | $1.0B | ||
| Q2 25 | $12.1B | $167.1M | ||
| Q1 25 | $10.6B | — | ||
| Q4 24 | $10.6B | $0 | ||
| Q3 24 | $9.8B | — | ||
| Q2 24 | $9.8B | — | ||
| Q1 24 | $9.6B | — |
股东权益APOCIFR
| Q4 25 | $23.3B | $805.5M | ||
| Q3 25 | $23.1B | $783.2M | ||
| Q2 25 | $19.3B | $748.9M | ||
| Q1 25 | $18.0B | $734.8M | ||
| Q4 24 | $17.3B | $682.0M | ||
| Q3 24 | $17.9B | $672.0M | ||
| Q2 24 | $15.3B | $690.8M | ||
| Q1 24 | $14.8B | $600.9M |
总资产APOCIFR
| Q4 25 | $460.9B | $4.3B | ||
| Q3 25 | $449.5B | $2.8B | ||
| Q2 25 | $419.6B | $1.0B | ||
| Q1 25 | $395.0B | $913.8M | ||
| Q4 24 | $377.9B | $855.4M | ||
| Q3 24 | $368.7B | $775.4M | ||
| Q2 24 | $346.5B | $775.6M | ||
| Q1 24 | $334.1B | $677.1M |
负债/权益比APOCIFR
| Q4 25 | 0.57× | 3.37× | ||
| Q3 25 | 0.55× | 1.31× | ||
| Q2 25 | 0.63× | 0.22× | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.61× | 0.00× | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 0.65× | — |
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 | $4.7B | $-207.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-695.9M |
| 自由现金流率自由现金流/营收 | — | -1165.4% |
| 资本支出强度资本支出/营收 | — | 817.1% |
| 现金转化率经营现金流/净利润 | 6.83× | — |
| 过去12个月自由现金流最近4个季度 | — | $-1.1B |
8季度趋势，按日历期对齐
经营现金流APOCIFR
| Q4 25 | $4.7B | $-207.9M | ||
| Q3 25 | $303.0M | $-50.1M | ||
| Q2 25 | $1.3B | $-56.2M | ||
| Q1 25 | $1.0B | $-47.2M | ||
| Q4 24 | $-4.0M | $-87.5M | ||
| Q3 24 | $1.9B | $-6.5M | ||
| Q2 24 | $1.3B | $-25.4M | ||
| Q1 24 | $70.0M | $-26.6M |
自由现金流APOCIFR
| Q4 25 | — | $-695.9M | ||
| Q3 25 | — | $-256.2M | ||
| Q2 25 | — | $-87.5M | ||
| Q1 25 | — | $-71.8M | ||
| Q4 24 | — | $-227.0M | ||
| Q3 24 | — | $-83.2M | ||
| Q2 24 | — | $-33.2M | ||
| Q1 24 | — | $-34.5M |
自由现金流率APOCIFR
| Q4 25 | — | -1165.4% | ||
| Q3 25 | — | -357.3% | ||
| Q2 25 | — | -200.9% | ||
| Q1 25 | — | -146.7% | ||
| Q4 24 | — | -537.6% | ||
| Q3 24 | — | -345.0% | ||
| Q2 24 | — | -90.2% | ||
| Q1 24 | — | -71.7% |
资本支出强度APOCIFR
| Q4 25 | — | 817.1% | ||
| Q3 25 | — | 287.5% | ||
| Q2 25 | — | 71.8% | ||
| Q1 25 | — | 50.2% | ||
| Q4 24 | — | 330.4% | ||
| Q3 24 | — | 317.8% | ||
| Q2 24 | — | 21.4% | ||
| Q1 24 | — | 16.4% |
现金转化率APOCIFR
| Q4 25 | 6.83× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 2.29× | — | ||
| Q4 24 | -0.00× | -5.00× | ||
| Q3 24 | 2.29× | — | ||
| Q2 24 | 1.56× | — | ||
| Q1 24 | 0.05× | -0.67× |
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
APO
| Retirement Services Segment | $8.5B | 86% |
| Asset Management1 | $681.0M | 7% |
| Principal Investing Segment | $624.0M | 6% |
| Management Service Incentive | $96.0M | 1% |
CIFR
暂无分部数据
