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阿波罗全球管理（APO）与福克斯集团（FOXA）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福克斯集团的1.9倍（$9.9B vs $5.2B），阿波罗全球管理净利率更高（6.9% vs 4.8%，领先2.2%），阿波罗全球管理同比增速更快（86.7% vs 2.0%），过去两年福克斯集团的营收复合增速更高（22.6% vs 18.4%）
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。
福克斯集团是美国跨国大众传媒企业，总部位于纽约曼哈顿中城美洲大道1211号，在加州伯班克也设有办公点。公司以威廉·福克斯命名，在特拉华州注册，2019年3月19日从21世纪福克斯分拆而来，承接后者的电视广播、新闻及体育业务，由拉克兰·默多克通过家族信托持有36%投票权实现控股。
APO vs FOXA — 直观对比
营收规模更大
APO
是对方的1.9倍
$5.2B
营收增速更快
APO
高出84.7%
2.0%
净利率更高
APO
高出2.2%
4.8%
两年增速更快
FOXA
近两年复合增速
18.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.9B | $5.2B |
| 净利润 | $684.0M | $247.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.8% | 6.2% |
| 净利率 | 6.9% | 4.8% |
| 营收同比 | 86.7% | 2.0% |
| 净利润同比 | -54.0% | -36.3% |
| 每股收益（稀释后） | $1.09 | $0.52 |
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APOFOXA
| Q4 25 | $9.9B | $5.2B | ||
| Q3 25 | $9.8B | $3.7B | ||
| Q2 25 | $6.8B | $3.3B | ||
| Q1 25 | $5.5B | $4.4B | ||
| Q4 24 | $5.3B | $5.1B | ||
| Q3 24 | $7.8B | $3.6B | ||
| Q2 24 | $6.0B | $3.1B | ||
| Q1 24 | $7.0B | $3.4B |
净利润APOFOXA
| Q4 25 | $684.0M | $247.0M | ||
| Q3 25 | $1.7B | $609.0M | ||
| Q2 25 | $630.0M | $719.0M | ||
| Q1 25 | $442.0M | $354.0M | ||
| Q4 24 | $1.5B | $388.0M | ||
| Q3 24 | $811.0M | $832.0M | ||
| Q2 24 | $853.0M | $320.0M | ||
| Q1 24 | $1.4B | $704.0M |
营业利润率APOFOXA
| Q4 25 | 17.8% | 6.2% | ||
| Q3 25 | 29.5% | 21.4% | ||
| Q2 25 | 12.4% | 29.2% | ||
| Q1 25 | 21.3% | 10.8% | ||
| Q4 24 | 32.6% | 10.1% | ||
| Q3 24 | 26.8% | 31.2% | ||
| Q2 24 | 23.9% | 14.6% | ||
| Q1 24 | 31.1% | 27.9% |
净利率APOFOXA
| Q4 25 | 6.9% | 4.8% | ||
| Q3 25 | 17.7% | 16.3% | ||
| Q2 25 | 9.2% | 21.9% | ||
| Q1 25 | 8.0% | 8.1% | ||
| Q4 24 | 28.1% | 7.6% | ||
| Q3 24 | 10.4% | 23.3% | ||
| Q2 24 | 14.2% | 10.3% | ||
| Q1 24 | 20.3% | 20.4% |
每股收益（稀释后）APOFOXA
| Q4 25 | $1.09 | $0.52 | ||
| Q3 25 | $2.78 | $1.32 | ||
| Q2 25 | $0.99 | $1.57 | ||
| Q1 25 | $0.68 | $0.75 | ||
| Q4 24 | $2.41 | $0.81 | ||
| Q3 24 | $1.29 | $1.78 | ||
| Q2 24 | $1.35 | $0.68 | ||
| Q1 24 | $2.28 | $1.40 |
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 | — | — |
| 总债务越低越好 | $13.4B | — |
| 股东权益账面价值 | $23.3B | $10.9B |
| 总资产 | $460.9B | $21.5B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
总债务APOFOXA
| Q4 25 | $13.4B | — | ||
| Q3 25 | $12.6B | $6.6B | ||
| Q2 25 | $12.1B | $6.6B | ||
| Q1 25 | $10.6B | $7.2B | ||
| Q4 24 | $10.6B | $7.2B | ||
| Q3 24 | $9.8B | $7.2B | ||
| Q2 24 | $9.8B | $7.2B | ||
| Q1 24 | $9.6B | $7.2B |
股东权益APOFOXA
| Q4 25 | $23.3B | $10.9B | ||
| Q3 25 | $23.1B | $12.2B | ||
| Q2 25 | $19.3B | $12.0B | ||
| Q1 25 | $18.0B | $11.5B | ||
| Q4 24 | $17.3B | $11.5B | ||
| Q3 24 | $17.9B | $11.3B | ||
| Q2 24 | $15.3B | $10.7B | ||
| Q1 24 | $14.8B | $10.6B |
总资产APOFOXA
| Q4 25 | $460.9B | $21.5B | ||
| Q3 25 | $449.5B | $22.8B | ||
| Q2 25 | $419.6B | $23.2B | ||
| Q1 25 | $395.0B | $23.4B | ||
| Q4 24 | $377.9B | $23.0B | ||
| Q3 24 | $368.7B | $22.5B | ||
| Q2 24 | $346.5B | $22.0B | ||
| Q1 24 | $334.1B | $21.7B |
负债/权益比APOFOXA
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.55× | 0.54× | ||
| Q2 25 | 0.63× | 0.55× | ||
| Q1 25 | 0.59× | 0.62× | ||
| Q4 24 | 0.61× | 0.63× | ||
| Q3 24 | 0.55× | 0.64× | ||
| Q2 24 | 0.64× | 0.67× | ||
| Q1 24 | 0.65× | 0.68× |
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 | $-669.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-791.0M |
| 自由现金流率自由现金流/营收 | — | -15.3% |
| 资本支出强度资本支出/营收 | — | 2.4% |
| 现金转化率经营现金流/净利润 | 6.83× | -2.71× |
| 过去12个月自由现金流最近4个季度 | — | $2.3B |
8季度趋势，按日历期对齐
经营现金流APOFOXA
| Q4 25 | $4.7B | $-669.0M | ||
| Q3 25 | $303.0M | $-130.0M | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.0B | $2.0B | ||
| Q4 24 | $-4.0M | $-362.0M | ||
| Q3 24 | $1.9B | $158.0M | ||
| Q2 24 | $1.3B | $899.0M | ||
| Q1 24 | $70.0M | $1.5B |
自由现金流APOFOXA
| Q4 25 | — | $-791.0M | ||
| Q3 25 | — | $-234.0M | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $-436.0M | ||
| Q3 24 | — | $94.0M | ||
| Q2 24 | — | $787.0M | ||
| Q1 24 | — | $1.4B |
自由现金流率APOFOXA
| Q4 25 | — | -15.3% | ||
| Q3 25 | — | -6.3% | ||
| Q2 25 | — | 42.4% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | -8.6% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 25.5% | ||
| Q1 24 | — | 40.4% |
资本支出强度APOFOXA
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 3.6% | ||
| Q1 24 | — | 2.4% |
现金转化率APOFOXA
| Q4 25 | 6.83× | -2.71× | ||
| Q3 25 | 0.17× | -0.21× | ||
| Q2 25 | 2.00× | 2.10× | ||
| Q1 25 | 2.29× | 5.69× | ||
| Q4 24 | -0.00× | -0.93× | ||
| Q3 24 | 2.29× | 0.19× | ||
| Q2 24 | 1.56× | 2.81× | ||
| Q1 24 | 0.05× | 2.10× |
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% |
FOXA
| Television Segment | $2.9B | 57% |
| Distribution | $1.2B | 22% |
| Other | $621.0M | 12% |
| Advertising | $491.0M | 9% |
