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阿波罗全球管理（APO）与LESAKA TECHNOLOGIES INC（LSAK）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LESAKA TECHNOLOGIES INC的55.2倍（$9.9B vs $178.7M）。阿波罗全球管理净利率更高（6.9% vs 2.0%，领先4.9%）。阿波罗全球管理同比增速更快（86.7% vs 21.7%）。过去两年阿波罗全球管理的营收复合增速更高（18.4% vs 13.7%）
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。
莱萨卡科技是一家总部位于南非的金融科技公司，目前同时在纳斯达克交易所与约翰内斯堡证券交易所挂牌上市。公司核心业务聚焦于金融普惠，面向此前金融服务覆盖不足的社区与商户提供各类金融服务。
APO vs LSAK — 直观对比
营收规模更大
APO
是对方的55.2倍
$178.7M
营收增速更快
APO
高出65.0%
21.7%
净利率更高
APO
高出4.9%
2.0%
两年增速更快
APO
近两年复合增速
13.7%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $9.9B | $178.7M |
| 净利润 | $684.0M | $3.6M |
| 毛利率 | — | 31.4% |
| 营业利润率 | 17.8% | 1.2% |
| 净利率 | 6.9% | 2.0% |
| 营收同比 | 86.7% | 21.7% |
| 净利润同比 | -54.0% | 111.3% |
| 每股收益（稀释后） | $1.09 | $0.04 |
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APOLSAK
| Q4 25 | $9.9B | $178.7M | ||
| Q3 25 | $9.8B | $171.4M | ||
| Q2 25 | $6.8B | $168.5M | ||
| Q1 25 | $5.5B | $161.4M | ||
| Q4 24 | $5.3B | $176.2M | ||
| Q3 24 | $7.8B | $153.6M | ||
| Q2 24 | $6.0B | $146.0M | ||
| Q1 24 | $7.0B | $138.2M |
净利润APOLSAK
| Q4 25 | $684.0M | $3.6M | ||
| Q3 25 | $1.7B | $-4.3M | ||
| Q2 25 | $630.0M | $-28.4M | ||
| Q1 25 | $442.0M | $-22.1M | ||
| Q4 24 | $1.5B | $-32.5M | ||
| Q3 24 | $811.0M | $-4.5M | ||
| Q2 24 | $853.0M | $-5.0M | ||
| Q1 24 | $1.4B | $-4.0M |
毛利率APOLSAK
| Q4 25 | — | 31.4% | ||
| Q3 25 | — | 30.9% | ||
| Q2 25 | — | 28.9% | ||
| Q1 25 | — | 27.5% | ||
| Q4 24 | — | 25.7% | ||
| Q3 24 | — | 22.6% | ||
| Q2 24 | — | 22.6% | ||
| Q1 24 | — | 22.0% |
营业利润率APOLSAK
| Q4 25 | 17.8% | 1.2% | ||
| Q3 25 | 29.5% | 0.2% | ||
| Q2 25 | 12.4% | -16.7% | ||
| Q1 25 | 21.3% | 0.4% | ||
| Q4 24 | 32.6% | 0.3% | ||
| Q3 24 | 26.8% | -0.0% | ||
| Q2 24 | 23.9% | 0.2% | ||
| Q1 24 | 31.1% | 0.6% |
净利率APOLSAK
| Q4 25 | 6.9% | 2.0% | ||
| Q3 25 | 17.7% | -2.5% | ||
| Q2 25 | 9.2% | -16.9% | ||
| Q1 25 | 8.0% | -13.7% | ||
| Q4 24 | 28.1% | -18.4% | ||
| Q3 24 | 10.4% | -3.0% | ||
| Q2 24 | 14.2% | -3.4% | ||
| Q1 24 | 20.3% | -2.9% |
每股收益（稀释后）APOLSAK
| Q4 25 | $1.09 | $0.04 | ||
| Q3 25 | $2.78 | $-0.05 | ||
| Q2 25 | $0.99 | $-0.40 | ||
| Q1 25 | $0.68 | $-0.27 | ||
| Q4 24 | $2.41 | $-0.40 | ||
| Q3 24 | $1.29 | $-0.07 | ||
| Q2 24 | $1.35 | $-0.08 | ||
| Q1 24 | $2.28 | $-0.06 |
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 | — | $69.5M |
| 总债务越低越好 | $13.4B | $216.8M |
| 股东权益账面价值 | $23.3B | $180.6M |
| 总资产 | $460.9B | $704.6M |
| 负债/权益比越低杠杆越低 | 0.57× | 1.20× |
8季度趋势，按日历期对齐
现金及短期投资APOLSAK
| Q4 25 | — | $69.5M | ||
| Q3 25 | — | $72.2M | ||
| Q2 25 | — | $76.5M | ||
| Q1 25 | — | $71.0M | ||
| Q4 24 | — | $60.6M | ||
| Q3 24 | — | $49.7M | ||
| Q2 24 | — | $59.1M | ||
| Q1 24 | — | $55.2M |
总债务APOLSAK
| Q4 25 | $13.4B | $216.8M | ||
| Q3 25 | $12.6B | $208.1M | ||
| Q2 25 | $12.1B | $200.8M | ||
| Q1 25 | $10.6B | $194.7M | ||
| Q4 24 | $10.6B | $148.7M | ||
| Q3 24 | $9.8B | $148.5M | ||
| Q2 24 | $9.8B | $143.2M | ||
| Q1 24 | $9.6B | $135.7M |
股东权益APOLSAK
| Q4 25 | $23.3B | $180.6M | ||
| Q3 25 | $23.1B | $170.4M | ||
| Q2 25 | $19.3B | $161.6M | ||
| Q1 25 | $18.0B | $185.2M | ||
| Q4 24 | $17.3B | $193.3M | ||
| Q3 24 | $17.9B | $184.2M | ||
| Q2 24 | $15.3B | $175.9M | ||
| Q1 24 | $14.8B | $173.1M |
总资产APOLSAK
| Q4 25 | $460.9B | $704.6M | ||
| Q3 25 | $449.5B | $652.9M | ||
| Q2 25 | $419.6B | $653.7M | ||
| Q1 25 | $395.0B | $649.2M | ||
| Q4 24 | $377.9B | $640.6M | ||
| Q3 24 | $368.7B | $551.9M | ||
| Q2 24 | $346.5B | $558.5M | ||
| Q1 24 | $334.1B | $551.5M |
负债/权益比APOLSAK
| Q4 25 | 0.57× | 1.20× | ||
| Q3 25 | 0.55× | 1.22× | ||
| Q2 25 | 0.63× | 1.24× | ||
| Q1 25 | 0.59× | 1.05× | ||
| Q4 24 | 0.61× | 0.77× | ||
| Q3 24 | 0.55× | 0.81× | ||
| Q2 24 | 0.64× | 0.81× | ||
| Q1 24 | 0.65× | 0.78× |
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 | $-10.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-14.8M |
| 自由现金流率自由现金流/营收 | — | -8.3% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 6.83× | -2.99× |
| 过去12个月自由现金流最近4个季度 | — | $-12.6M |
8季度趋势，按日历期对齐
经营现金流APOLSAK
| Q4 25 | $4.7B | $-10.9M | ||
| Q3 25 | $303.0M | $8.9M | ||
| Q2 25 | $1.3B | $-6.5M | ||
| Q1 25 | $1.0B | $10.7M | ||
| Q4 24 | $-4.0M | $-9.2M | ||
| Q3 24 | $1.9B | $-4.1M | ||
| Q2 24 | $1.3B | $5.7M | ||
| Q1 24 | $70.0M | $19.2M |
自由现金流APOLSAK
| Q4 25 | — | $-14.8M | ||
| Q3 25 | — | $4.9M | ||
| Q2 25 | — | $-10.6M | ||
| Q1 25 | — | $7.8M | ||
| Q4 24 | — | $-15.5M | ||
| Q3 24 | — | $-8.1M | ||
| Q2 24 | — | $937.0K | ||
| Q1 24 | — | $16.2M |
自由现金流率APOLSAK
| Q4 25 | — | -8.3% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | -8.8% | ||
| Q3 24 | — | -5.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 11.7% |
资本支出强度APOLSAK
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 2.1% |
现金转化率APOLSAK
| Q4 25 | 6.83× | -2.99× | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 2.29× | — | ||
| Q4 24 | -0.00× | — | ||
| Q3 24 | 2.29× | — | ||
| Q2 24 | 1.56× | — | ||
| Q1 24 | 0.05× | — |
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% |
LSAK
| Telecom Products And Services | $82.0M | 46% |
| Processing Fees | $37.6M | 21% |
| Enterprise Segment | $14.5M | 8% |
| Rest Of Africa | $10.9M | 6% |
| Technology Products | $8.6M | 5% |
| Insurance Revenue | $7.9M | 4% |
| Lending Revenue | $7.2M | 4% |
| Other | $6.7M | 4% |
| Interest From Customer | $2.1M | 1% |
| Other Products And Services | $1.2M | 1% |
