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阿波罗全球管理（APO）与丽思卡尔顿酒店集团（INN）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丽思卡尔顿酒店集团的56.4倍（$9.9B vs $175.0M）。阿波罗全球管理净利率更高（6.9% vs -1.5%，领先8.4%）。阿波罗全球管理同比增速更快（86.7% vs 1.2%）。过去两年阿波罗全球管理的营收复合增速更高（18.4% vs -3.6%）
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。
丽思卡尔顿酒店集团是源自美国的跨国豪华连锁酒店品牌，主打高端奢华住宿体验，目前在全球30个国家和地区运营着108家豪华酒店及度假村，共计拥有超过2.9万间客房，另有46家合计近9千间客房的项目正在筹备规划中。
APO vs INN — 直观对比
营收规模更大
APO
是对方的56.4倍
$175.0M
营收增速更快
APO
高出85.5%
1.2%
净利率更高
APO
高出8.4%
-1.5%
两年增速更快
APO
近两年复合增速
-3.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.9B | $175.0M |
| 净利润 | $684.0M | $-2.6M |
| 毛利率 | — | — |
| 营业利润率 | 17.8% | 8.3% |
| 净利率 | 6.9% | -1.5% |
| 营收同比 | 86.7% | 1.2% |
| 净利润同比 | -54.0% | -381.3% |
| 每股收益（稀释后） | $1.09 | $-0.05 |
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APOINN
| Q4 25 | $9.9B | $175.0M | ||
| Q3 25 | $9.8B | $177.1M | ||
| Q2 25 | $6.8B | $192.9M | ||
| Q1 25 | $5.5B | $184.5M | ||
| Q4 24 | $5.3B | $172.9M | ||
| Q3 24 | $7.8B | $176.8M | ||
| Q2 24 | $6.0B | $193.9M | ||
| Q1 24 | $7.0B | $188.1M |
净利润APOINN
| Q4 25 | $684.0M | $-2.6M | ||
| Q3 25 | $1.7B | $-11.8M | ||
| Q2 25 | $630.0M | $2.0M | ||
| Q1 25 | $442.0M | $623.0K | ||
| Q4 24 | $1.5B | $916.0K | ||
| Q3 24 | $811.0M | $-3.6M | ||
| Q2 24 | $853.0M | $38.7M | ||
| Q1 24 | $1.4B | $2.8M |
营业利润率APOINN
| Q4 25 | 17.8% | 8.3% | ||
| Q3 25 | 29.5% | 4.8% | ||
| Q2 25 | 12.4% | 11.8% | ||
| Q1 25 | 21.3% | 10.7% | ||
| Q4 24 | 32.6% | 4.6% | ||
| Q3 24 | 26.8% | 8.9% | ||
| Q2 24 | 23.9% | 29.0% | ||
| Q1 24 | 31.1% | 12.5% |
净利率APOINN
| Q4 25 | 6.9% | -1.5% | ||
| Q3 25 | 17.7% | -6.6% | ||
| Q2 25 | 9.2% | 1.1% | ||
| Q1 25 | 8.0% | 0.3% | ||
| Q4 24 | 28.1% | 0.5% | ||
| Q3 24 | 10.4% | -2.0% | ||
| Q2 24 | 14.2% | 20.0% | ||
| Q1 24 | 20.3% | 1.5% |
每股收益（稀释后）APOINN
| Q4 25 | $1.09 | $-0.05 | ||
| Q3 25 | $2.78 | $-0.11 | ||
| Q2 25 | $0.99 | $-0.02 | ||
| Q1 25 | $0.68 | $-0.04 | ||
| Q4 24 | $2.41 | $0.05 | ||
| Q3 24 | $1.29 | $-0.04 | ||
| Q2 24 | $1.35 | $0.23 | ||
| Q1 24 | $2.28 | $-0.02 |
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 | — | $36.1M |
| 总债务越低越好 | $13.4B | $1.4B |
| 股东权益账面价值 | $23.3B | $862.2M |
| 总资产 | $460.9B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.57× | 1.62× |
8季度趋势，按日历期对齐
现金及短期投资APOINN
| Q4 25 | — | $36.1M | ||
| Q3 25 | — | $41.1M | ||
| Q2 25 | — | $39.5M | ||
| Q1 25 | — | $48.2M | ||
| Q4 24 | — | $40.6M | ||
| Q3 24 | — | $51.7M | ||
| Q2 24 | — | $45.9M | ||
| Q1 24 | — | $63.4M |
总债务APOINN
| Q4 25 | $13.4B | $1.4B | ||
| Q3 25 | $12.6B | $1.4B | ||
| Q2 25 | $12.1B | $1.4B | ||
| Q1 25 | $10.6B | $1.4B | ||
| Q4 24 | $10.6B | $1.4B | ||
| Q3 24 | $9.8B | $1.3B | ||
| Q2 24 | $9.8B | $1.3B | ||
| Q1 24 | $9.6B | $1.5B |
股东权益APOINN
| Q4 25 | $23.3B | $862.2M | ||
| Q3 25 | $23.1B | $875.8M | ||
| Q2 25 | $19.3B | $895.1M | ||
| Q1 25 | $18.0B | $920.4M | ||
| Q4 24 | $17.3B | $909.5M | ||
| Q3 24 | $17.9B | $911.4M | ||
| Q2 24 | $15.3B | $931.9M | ||
| Q1 24 | $14.8B | $907.8M |
总资产APOINN
| Q4 25 | $460.9B | $2.8B | ||
| Q3 25 | $449.5B | $2.8B | ||
| Q2 25 | $419.6B | $2.9B | ||
| Q1 25 | $395.0B | $2.9B | ||
| Q4 24 | $377.9B | $2.9B | ||
| Q3 24 | $368.7B | $2.8B | ||
| Q2 24 | $346.5B | $2.9B | ||
| Q1 24 | $334.1B | $3.0B |
负债/权益比APOINN
| Q4 25 | 0.57× | 1.62× | ||
| Q3 25 | 0.55× | 1.62× | ||
| Q2 25 | 0.63× | 1.59× | ||
| Q1 25 | 0.59× | 1.54× | ||
| Q4 24 | 0.61× | 1.54× | ||
| Q3 24 | 0.55× | 1.47× | ||
| Q2 24 | 0.64× | 1.44× | ||
| Q1 24 | 0.65× | 1.60× |
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 | $28.5M |
| 自由现金流经营现金流 - 资本支出 | — | $9.5M |
| 自由现金流率自由现金流/营收 | — | 5.4% |
| 资本支出强度资本支出/营收 | — | 10.9% |
| 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 | — | $73.6M |
8季度趋势，按日历期对齐
经营现金流APOINN
| Q4 25 | $4.7B | $28.5M | ||
| Q3 25 | $303.0M | $45.8M | ||
| Q2 25 | $1.3B | $48.8M | ||
| Q1 25 | $1.0B | $25.9M | ||
| Q4 24 | $-4.0M | $32.2M | ||
| Q3 24 | $1.9B | $55.7M | ||
| Q2 24 | $1.3B | $50.3M | ||
| Q1 24 | $70.0M | $28.1M |
自由现金流APOINN
| Q4 25 | — | $9.5M | ||
| Q3 25 | — | $24.0M | ||
| Q2 25 | — | $30.0M | ||
| Q1 25 | — | $10.1M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | — | $33.1M | ||
| Q2 24 | — | $29.4M | ||
| Q1 24 | — | $10.0M |
自由现金流率APOINN
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 18.7% | ||
| Q2 24 | — | 15.2% | ||
| Q1 24 | — | 5.3% |
资本支出强度APOINN
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 12.3% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | 9.6% |
现金转化率APOINN
| Q4 25 | 6.83× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 2.00× | 23.97× | ||
| Q1 25 | 2.29× | 41.49× | ||
| Q4 24 | -0.00× | 35.14× | ||
| Q3 24 | 2.29× | — | ||
| Q2 24 | 1.56× | 1.30× | ||
| Q1 24 | 0.05× | 9.94× |
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% |
INN
| Occupancy | $153.1M | 88% |
| Food And Beverage | $11.0M | 6% |
| Other | $10.8M | 6% |
