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阿波罗全球管理（APO）与Hercules Capital, Inc.（HTGC）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Hercules Capital, Inc.的75.0倍（$9.9B vs $131.6M）。Hercules Capital, Inc.净利率更高（69.0% vs 6.9%，领先62.1%）。阿波罗全球管理同比增速更快（86.7% vs 14.6%）。过去两年阿波罗全球管理的营收复合增速更高（18.4% vs 6.6%）
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。
赫克力士公司是总部位于美国特拉华州威尔明顿的化工与弹药制造企业，1912年杜邦炸药垄断被美国巡回法院拆分后，以赫克力士火药公司的名义成立，1966年更名为赫克力士公司，该名称沿用至2008年，同年公司被亚什兰集团合并。
APO vs HTGC — 直观对比
营收规模更大
APO
是对方的75.0倍
$131.6M
营收增速更快
APO
高出72.1%
14.6%
净利率更高
HTGC
高出62.1%
6.9%
两年增速更快
APO
近两年复合增速
6.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.9B | $131.6M |
| 净利润 | $684.0M | $90.8M |
| 毛利率 | — | — |
| 营业利润率 | 17.8% | — |
| 净利率 | 6.9% | 69.0% |
| 营收同比 | 86.7% | 14.6% |
| 净利润同比 | -54.0% | 47.8% |
| 每股收益（稀释后） | $1.09 | $0.50 |
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APOHTGC
| Q4 25 | $9.9B | $131.6M | ||
| Q3 25 | $9.8B | $131.2M | ||
| Q2 25 | $6.8B | $129.6M | ||
| Q1 25 | $5.5B | $115.6M | ||
| Q4 24 | $5.3B | $114.8M | ||
| Q3 24 | $7.8B | $119.0M | ||
| Q2 24 | $6.0B | $117.5M | ||
| Q1 24 | $7.0B | $115.8M |
净利润APOHTGC
| Q4 25 | $684.0M | $90.8M | ||
| Q3 25 | $1.7B | $119.7M | ||
| Q2 25 | $630.0M | $78.9M | ||
| Q1 25 | $442.0M | $50.3M | ||
| Q4 24 | $1.5B | $61.4M | ||
| Q3 24 | $811.0M | $68.7M | ||
| Q2 24 | $853.0M | $41.9M | ||
| Q1 24 | $1.4B | $91.0M |
营业利润率APOHTGC
| Q4 25 | 17.8% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 12.4% | — | ||
| Q1 25 | 21.3% | — | ||
| Q4 24 | 32.6% | — | ||
| Q3 24 | 26.8% | — | ||
| Q2 24 | 23.9% | — | ||
| Q1 24 | 31.1% | — |
净利率APOHTGC
| Q4 25 | 6.9% | 69.0% | ||
| Q3 25 | 17.7% | 91.3% | ||
| Q2 25 | 9.2% | 60.9% | ||
| Q1 25 | 8.0% | 43.6% | ||
| Q4 24 | 28.1% | 53.5% | ||
| Q3 24 | 10.4% | 57.7% | ||
| Q2 24 | 14.2% | 35.6% | ||
| Q1 24 | 20.3% | 78.6% |
每股收益（稀释后）APOHTGC
| Q4 25 | $1.09 | $0.50 | ||
| Q3 25 | $2.78 | $0.63 | ||
| Q2 25 | $0.99 | $0.43 | ||
| Q1 25 | $0.68 | $0.29 | ||
| Q4 24 | $2.41 | $0.37 | ||
| Q3 24 | $1.29 | $0.42 | ||
| Q2 24 | $1.35 | $0.25 | ||
| Q1 24 | $2.28 | $0.57 |
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 | — | $56.9M |
| 总债务越低越好 | $13.4B | $2.3B |
| 股东权益账面价值 | $23.3B | $2.2B |
| 总资产 | $460.9B | $4.6B |
| 负债/权益比越低杠杆越低 | 0.57× | 1.03× |
8季度趋势，按日历期对齐
现金及短期投资APOHTGC
| Q4 25 | — | $56.9M | ||
| Q3 25 | — | $29.3M | ||
| Q2 25 | — | $52.1M | ||
| Q1 25 | — | $49.4M | ||
| Q4 24 | — | $42.7M | ||
| Q3 24 | — | $38.9M | ||
| Q2 24 | — | $27.7M | ||
| Q1 24 | — | $50.2M |
总债务APOHTGC
| Q4 25 | $13.4B | $2.3B | ||
| Q3 25 | $12.6B | $2.2B | ||
| Q2 25 | $12.1B | $2.1B | ||
| Q1 25 | $10.6B | $2.0B | ||
| Q4 24 | $10.6B | $1.8B | ||
| Q3 24 | $9.8B | $1.7B | ||
| Q2 24 | $9.8B | $1.7B | ||
| Q1 24 | $9.6B | $1.8B |
股东权益APOHTGC
| Q4 25 | $23.3B | $2.2B | ||
| Q3 25 | $23.1B | $2.2B | ||
| Q2 25 | $19.3B | $2.2B | ||
| Q1 25 | $18.0B | $2.0B | ||
| Q4 24 | $17.3B | $2.0B | ||
| Q3 24 | $17.9B | $1.9B | ||
| Q2 24 | $15.3B | $1.9B | ||
| Q1 24 | $14.8B | $1.9B |
总资产APOHTGC
| Q4 25 | $460.9B | $4.6B | ||
| Q3 25 | $449.5B | $4.4B | ||
| Q2 25 | $419.6B | $4.3B | ||
| Q1 25 | $395.0B | $4.0B | ||
| Q4 24 | $377.9B | $3.8B | ||
| Q3 24 | $368.7B | $3.7B | ||
| Q2 24 | $346.5B | $3.7B | ||
| Q1 24 | $334.1B | $3.7B |
负债/权益比APOHTGC
| Q4 25 | 0.57× | 1.03× | ||
| Q3 25 | 0.55× | 0.98× | ||
| Q2 25 | 0.63× | 0.96× | ||
| Q1 25 | 0.59× | 0.99× | ||
| Q4 24 | 0.61× | 0.89× | ||
| Q3 24 | 0.55× | 0.94× | ||
| Q2 24 | 0.64× | 0.94× | ||
| Q1 24 | 0.65× | 0.93× |
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 | $-55.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-55.6M |
| 自由现金流率自由现金流/营收 | — | -42.3% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | 6.83× | -0.61× |
| 过去12个月自由现金流最近4个季度 | — | $-425.9M |
8季度趋势，按日历期对齐
经营现金流APOHTGC
| Q4 25 | $4.7B | $-55.6M | ||
| Q3 25 | $303.0M | $-3.2M | ||
| Q2 25 | $1.3B | $-144.8M | ||
| Q1 25 | $1.0B | $-222.2M | ||
| Q4 24 | $-4.0M | $-29.2M | ||
| Q3 24 | $1.9B | $92.6M | ||
| Q2 24 | $1.3B | $59.5M | ||
| Q1 24 | $70.0M | $-240.9M |
自由现金流APOHTGC
| Q4 25 | — | $-55.6M | ||
| Q3 25 | — | $-3.2M | ||
| Q2 25 | — | $-144.8M | ||
| Q1 25 | — | $-222.2M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | — | $92.5M | ||
| Q2 24 | — | $59.1M | ||
| Q1 24 | — | $-241.2M |
自由现金流率APOHTGC
| Q4 25 | — | -42.3% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | — | -111.8% | ||
| Q1 25 | — | -192.3% | ||
| Q4 24 | — | -25.5% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 50.3% | ||
| Q1 24 | — | -208.3% |
资本支出强度APOHTGC
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
现金转化率APOHTGC
| Q4 25 | 6.83× | -0.61× | ||
| Q3 25 | 0.17× | -0.03× | ||
| Q2 25 | 2.00× | -1.84× | ||
| Q1 25 | 2.29× | -4.41× | ||
| Q4 24 | -0.00× | -0.48× | ||
| Q3 24 | 2.29× | 1.35× | ||
| Q2 24 | 1.56× | 1.42× | ||
| Q1 24 | 0.05× | -2.65× |
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% |
HTGC
暂无分部数据
