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阿波罗全球管理（APO）与HA Sustainable Infrastructure Capital, Inc.（HASI）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HA Sustainable Infrastructure Capital, Inc.的85.9倍（$9.9B vs $114.8M）。阿波罗全球管理净利率更高（6.9% vs -46.8%，领先53.8%）。阿波罗全球管理同比增速更快（86.7% vs 13.3%）。过去两年阿波罗全球管理的营收复合增速更高（18.4% vs 4.2%）
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。
HA可持续基础设施资本公司（HASI）是一家聚焦可持续基础设施领域的专业投资机构，业务覆盖可再生能源、能效提升、可持续地产及低碳公用事业板块，主要在北美市场运营，为合格绿色项目提供长期资本支持，为投资者创造稳定的经风险调整后回报。
APO vs HASI — 直观对比
营收规模更大
APO
是对方的85.9倍
$114.8M
营收增速更快
APO
高出73.4%
13.3%
净利率更高
APO
高出53.8%
-46.8%
两年增速更快
APO
近两年复合增速
4.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.9B | $114.8M |
| 净利润 | $684.0M | $-53.8M |
| 毛利率 | — | — |
| 营业利润率 | 17.8% | -57.4% |
| 净利率 | 6.9% | -46.8% |
| 营收同比 | 86.7% | 13.3% |
| 净利润同比 | -54.0% | -176.7% |
| 每股收益（稀释后） | $1.09 | $-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APOHASI
| Q4 25 | $9.9B | $114.8M | ||
| Q3 25 | $9.8B | $103.1M | ||
| Q2 25 | $6.8B | $85.7M | ||
| Q1 25 | $5.5B | $96.9M | ||
| Q4 24 | $5.3B | $101.3M | ||
| Q3 24 | $7.8B | $82.0M | ||
| Q2 24 | $6.0B | $94.5M | ||
| Q1 24 | $7.0B | $105.8M |
净利润APOHASI
| Q4 25 | $684.0M | $-53.8M | ||
| Q3 25 | $1.7B | $83.3M | ||
| Q2 25 | $630.0M | $98.4M | ||
| Q1 25 | $442.0M | $56.6M | ||
| Q4 24 | $1.5B | $70.1M | ||
| Q3 24 | $811.0M | $-19.6M | ||
| Q2 24 | $853.0M | $26.5M | ||
| Q1 24 | $1.4B | $123.0M |
营业利润率APOHASI
| Q4 25 | 17.8% | -57.4% | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 12.4% | — | ||
| Q1 25 | 21.3% | 84.7% | ||
| Q4 24 | 32.6% | 90.9% | ||
| Q3 24 | 26.8% | -32.1% | ||
| Q2 24 | 23.9% | 39.5% | ||
| Q1 24 | 31.1% | — |
净利率APOHASI
| Q4 25 | 6.9% | -46.8% | ||
| Q3 25 | 17.7% | 80.8% | ||
| Q2 25 | 9.2% | 114.9% | ||
| Q1 25 | 8.0% | 58.4% | ||
| Q4 24 | 28.1% | 69.2% | ||
| Q3 24 | 10.4% | -23.9% | ||
| Q2 24 | 14.2% | 28.1% | ||
| Q1 24 | 20.3% | 116.3% |
每股收益（稀释后）APOHASI
| Q4 25 | $1.09 | $-0.38 | ||
| Q3 25 | $2.78 | $0.61 | ||
| Q2 25 | $0.99 | $0.74 | ||
| Q1 25 | $0.68 | $0.44 | ||
| Q4 24 | $2.41 | $0.58 | ||
| Q3 24 | $1.29 | $-0.17 | ||
| Q2 24 | $1.35 | $0.23 | ||
| Q1 24 | $2.28 | $0.98 |
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 | — | $110.2M |
| 总债务越低越好 | $13.4B | — |
| 股东权益账面价值 | $23.3B | $2.7B |
| 总资产 | $460.9B | $8.2B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资APOHASI
| Q4 25 | — | $110.2M | ||
| Q3 25 | — | $301.8M | ||
| Q2 25 | — | $86.5M | ||
| Q1 25 | — | $67.4M | ||
| Q4 24 | — | $129.8M | ||
| Q3 24 | — | $44.1M | ||
| Q2 24 | — | $145.7M | ||
| Q1 24 | — | $61.4M |
总债务APOHASI
| Q4 25 | $13.4B | — | ||
| Q3 25 | $12.6B | — | ||
| Q2 25 | $12.1B | — | ||
| Q1 25 | $10.6B | — | ||
| Q4 24 | $10.6B | — | ||
| Q3 24 | $9.8B | — | ||
| Q2 24 | $9.8B | — | ||
| Q1 24 | $9.6B | — |
股东权益APOHASI
| Q4 25 | $23.3B | $2.7B | ||
| Q3 25 | $23.1B | $2.7B | ||
| Q2 25 | $19.3B | $2.6B | ||
| Q1 25 | $18.0B | $2.5B | ||
| Q4 24 | $17.3B | $2.4B | ||
| Q3 24 | $17.9B | $2.3B | ||
| Q2 24 | $15.3B | $2.3B | ||
| Q1 24 | $14.8B | $2.3B |
总资产APOHASI
| Q4 25 | $460.9B | $8.2B | ||
| Q3 25 | $449.5B | $8.2B | ||
| Q2 25 | $419.6B | $7.6B | ||
| Q1 25 | $395.0B | $7.5B | ||
| Q4 24 | $377.9B | $7.1B | ||
| Q3 24 | $368.7B | $6.7B | ||
| Q2 24 | $346.5B | $6.7B | ||
| Q1 24 | $334.1B | $6.7B |
负债/权益比APOHASI
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.61× | — | ||
| 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 | $246.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流APOHASI
| Q4 25 | $4.7B | $246.7M | ||
| Q3 25 | $303.0M | $-121.8M | ||
| Q2 25 | $1.3B | $79.6M | ||
| Q1 25 | $1.0B | $-37.1M | ||
| Q4 24 | $-4.0M | $-12.2M | ||
| Q3 24 | $1.9B | $21.9M | ||
| Q2 24 | $1.3B | $-24.8M | ||
| Q1 24 | $70.0M | $20.9M |
现金转化率APOHASI
| Q4 25 | 6.83× | — | ||
| Q3 25 | 0.17× | -1.46× | ||
| Q2 25 | 2.00× | 0.81× | ||
| Q1 25 | 2.29× | -0.66× | ||
| Q4 24 | -0.00× | -0.17× | ||
| Q3 24 | 2.29× | — | ||
| Q2 24 | 1.56× | -0.94× | ||
| Q1 24 | 0.05× | 0.17× |
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% |
HASI
暂无分部数据
