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阿波罗全球管理（APO）与IREN Ltd（IREN）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IREN Ltd的53.4倍（$9.9B vs $184.7M），阿波罗全球管理净利率更高（6.9% vs -84.1%，领先91.1%），阿波罗全球管理同比增速更快（86.7% vs 59.0%）
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。
IREN Ltd是一家垂直整合的数据中心企业，依托可再生能源为比特币、人工智能等前沿领域发展提供算力支撑，旗下设施策略性布局于美国及加拿大境内可再生能源丰富、光纤网络完善的区域。
APO vs IREN — 直观对比
营收规模更大
APO
是对方的53.4倍
$184.7M
营收增速更快
APO
高出27.7%
59.0%
净利率更高
APO
高出91.1%
-84.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.9B | $184.7M |
| 净利润 | $684.0M | $-155.4M |
| 毛利率 | — | 64.4% |
| 营业利润率 | 17.8% | -63.0% |
| 净利率 | 6.9% | -84.1% |
| 营收同比 | 86.7% | 59.0% |
| 净利润同比 | -54.0% | -610.0% |
| 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APOIREN
| Q4 25 | $9.9B | $184.7M | ||
| Q3 25 | $9.8B | $240.3M | ||
| Q2 25 | $6.8B | — | ||
| Q1 25 | $5.5B | — | ||
| Q4 24 | $5.3B | $116.1M | ||
| Q3 24 | $7.8B | $52.8M | ||
| Q2 24 | $6.0B | — | ||
| Q1 24 | $7.0B | $54.3M |
净利润APOIREN
| Q4 25 | $684.0M | $-155.4M | ||
| Q3 25 | $1.7B | $384.6M | ||
| Q2 25 | $630.0M | — | ||
| Q1 25 | $442.0M | — | ||
| Q4 24 | $1.5B | $-21.9M | ||
| Q3 24 | $811.0M | $-51.7M | ||
| Q2 24 | $853.0M | — | ||
| Q1 24 | $1.4B | $8.6M |
毛利率APOIREN
| Q4 25 | — | 64.4% | ||
| Q3 25 | — | 66.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 72.2% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率APOIREN
| Q4 25 | 17.8% | -63.0% | ||
| Q3 25 | 29.5% | -31.8% | ||
| Q2 25 | 12.4% | — | ||
| Q1 25 | 21.3% | — | ||
| Q4 24 | 32.6% | 14.9% | ||
| Q3 24 | 26.8% | -89.2% | ||
| Q2 24 | 23.9% | — | ||
| Q1 24 | 31.1% | 11.1% |
净利率APOIREN
| Q4 25 | 6.9% | -84.1% | ||
| Q3 25 | 17.7% | 160.1% | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 8.0% | — | ||
| Q4 24 | 28.1% | -18.8% | ||
| Q3 24 | 10.4% | -98.0% | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | 20.3% | 15.9% |
每股收益（稀释后）APOIREN
| Q4 25 | $1.09 | $-0.52 | ||
| Q3 25 | $2.78 | $1.08 | ||
| Q2 25 | $0.99 | — | ||
| Q1 25 | $0.68 | — | ||
| Q4 24 | $2.41 | $-0.10 | ||
| Q3 24 | $1.29 | $-0.27 | ||
| Q2 24 | $1.35 | — | ||
| Q1 24 | $2.28 | $0.00 |
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 | — | $3.3B |
| 总债务越低越好 | $13.4B | — |
| 股东权益账面价值 | $23.3B | $2.5B |
| 总资产 | $460.9B | $7.0B |
| 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APOIREN
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $427.3M | ||
| Q3 24 | — | $98.6M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $259.7M |
总债务APOIREN
| 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APOIREN
| Q4 25 | $23.3B | $2.5B | ||
| Q3 25 | $23.1B | $2.9B | ||
| Q2 25 | $19.3B | — | ||
| Q1 25 | $18.0B | — | ||
| Q4 24 | $17.3B | $1.2B | ||
| Q3 24 | $17.9B | $1.1B | ||
| Q2 24 | $15.3B | — | ||
| Q1 24 | $14.8B | $677.2M |
总资产APOIREN
| Q4 25 | $460.9B | $7.0B | ||
| Q3 25 | $449.5B | $4.3B | ||
| Q2 25 | $419.6B | — | ||
| Q1 25 | $395.0B | — | ||
| Q4 24 | $377.9B | $1.9B | ||
| Q3 24 | $368.7B | $1.3B | ||
| Q2 24 | $346.5B | — | ||
| Q1 24 | $334.1B | $723.6M |
负债/权益比APOIREN
| 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 | $71.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-468.0M |
| 自由现金流率自由现金流/营收 | — | -253.4% |
| 资本支出强度资本支出/营收 | — | 292.2% |
| 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 | — | $-701.2M |
8季度趋势，按日历期对齐
经营现金流APOIREN
| Q4 25 | $4.7B | $71.7M | ||
| Q3 25 | $303.0M | $142.4M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $-4.0M | $53.6M | ||
| Q3 24 | $1.9B | $-3.9M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $70.0M | $-27.1M |
自由现金流APOIREN
| Q4 25 | — | $-468.0M | ||
| Q3 25 | — | $-38.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-85.5M | ||
| Q3 24 | — | $-109.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-108.3M |
自由现金流率APOIREN
| Q4 25 | — | -253.4% | ||
| Q3 25 | — | -15.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -73.6% | ||
| Q3 24 | — | -208.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -199.4% |
资本支出强度APOIREN
| Q4 25 | — | 292.2% | ||
| Q3 25 | — | 75.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 119.7% | ||
| Q3 24 | — | 200.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 149.5% |
现金转化率APOIREN
| Q4 25 | 6.83× | — | ||
| Q3 25 | 0.17× | 0.37× | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 2.29× | — | ||
| Q4 24 | -0.00× | — | ||
| Q3 24 | 2.29× | — | ||
| Q2 24 | 1.56× | — | ||
| Q1 24 | 0.05× | -3.13× |
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% |
IREN
| Bitcoin Mining Revenue | $167.4M | 91% |
| AI Cloud Services | $17.3M | 9% |
