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APOGEE ENTERPRISES, INC.（APOG）与DROPBOX, INC.（DBX）财务数据对比。点击上方公司名可切换其他公司
DROPBOX, INC.的季度营收约是APOGEE ENTERPRISES, INC.的1.8倍（$636.2M vs $348.6M），DROPBOX, INC.净利率更高（17.1% vs 4.7%，领先12.3%），APOGEE ENTERPRISES, INC.同比增速更快（2.1% vs -1.1%），DROPBOX, INC.自由现金流更多（$224.9M vs $22.9M），过去两年DROPBOX, INC.的营收复合增速更高（0.4% vs -1.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
Dropbox是总部位于美国加利福尼亚州旧金山的云服务企业，2007年由麻省理工学院学生德鲁·休斯顿与阿拉什·费尔多西创立，初创阶段获得创业孵化器Y Combinator的种子投资，核心业务包含云存储、文件同步、个人云及配套客户端软件等服务。
APOG vs DBX — 直观对比
营收规模更大
DBX
是对方的1.8倍
$348.6M
营收增速更快
APOG
高出3.3%
-1.1%
净利率更高
DBX
高出12.3%
4.7%
自由现金流更多
DBX
多$202.0M
$22.9M
两年增速更快
DBX
近两年复合增速
-1.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $348.6M | $636.2M |
| 净利润 | $16.5M | $108.7M |
| 毛利率 | 23.8% | 79.2% |
| 营业利润率 | 7.1% | 25.5% |
| 净利率 | 4.7% | 17.1% |
| 营收同比 | 2.1% | -1.1% |
| 净利润同比 | -21.2% | 5.7% |
| 每股收益（稀释后） | $0.77 | $0.43 |
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APOGDBX
| Q4 25 | $348.6M | $636.2M | ||
| Q3 25 | $358.2M | $634.4M | ||
| Q2 25 | $346.6M | $625.7M | ||
| Q1 25 | $345.7M | $624.7M | ||
| Q4 24 | $341.3M | $643.6M | ||
| Q3 24 | $342.4M | $638.8M | ||
| Q2 24 | $331.5M | $634.5M | ||
| Q1 24 | $361.8M | $631.3M |
净利润APOGDBX
| Q4 25 | $16.5M | $108.7M | ||
| Q3 25 | $23.6M | $123.8M | ||
| Q2 25 | $-2.7M | $125.6M | ||
| Q1 25 | $2.5M | $150.3M | ||
| Q4 24 | $21.0M | $102.8M | ||
| Q3 24 | $30.6M | $106.7M | ||
| Q2 24 | $31.0M | $110.5M | ||
| Q1 24 | $15.7M | $132.3M |
毛利率APOGDBX
| Q4 25 | 23.8% | 79.2% | ||
| Q3 25 | 23.1% | 79.8% | ||
| Q2 25 | 21.7% | 80.2% | ||
| Q1 25 | 21.6% | 81.3% | ||
| Q4 24 | 26.1% | 81.2% | ||
| Q3 24 | 28.4% | 82.5% | ||
| Q2 24 | 29.8% | 83.1% | ||
| Q1 24 | 24.4% | 83.2% |
营业利润率APOGDBX
| Q4 25 | 7.1% | 25.5% | ||
| Q3 25 | 7.5% | 27.5% | ||
| Q2 25 | 2.0% | 26.9% | ||
| Q1 25 | 1.8% | 29.4% | ||
| Q4 24 | 8.4% | 13.7% | ||
| Q3 24 | 12.3% | 20.0% | ||
| Q2 24 | 12.5% | 20.0% | ||
| Q1 24 | 6.0% | 22.7% |
净利率APOGDBX
| Q4 25 | 4.7% | 17.1% | ||
| Q3 25 | 6.6% | 19.5% | ||
| Q2 25 | -0.8% | 20.1% | ||
| Q1 25 | 0.7% | 24.1% | ||
| Q4 24 | 6.1% | 16.0% | ||
| Q3 24 | 8.9% | 16.7% | ||
| Q2 24 | 9.4% | 17.4% | ||
| Q1 24 | 4.3% | 21.0% |
每股收益（稀释后）APOGDBX
| Q4 25 | $0.77 | $0.43 | ||
| Q3 25 | $1.10 | $0.47 | ||
| Q2 25 | $-0.13 | $0.45 | ||
| Q1 25 | $0.12 | $0.51 | ||
| Q4 24 | $0.96 | $0.33 | ||
| Q3 24 | $1.40 | $0.34 | ||
| Q2 24 | $1.41 | $0.34 | ||
| Q1 24 | $0.71 | $0.39 |
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 | $41.3M | $891.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $512.3M | $-1.8B |
| 总资产 | $1.1B | $2.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APOGDBX
| Q4 25 | $41.3M | $891.3M | ||
| Q3 25 | $39.5M | $730.7M | ||
| Q2 25 | $32.8M | $736.3M | ||
| Q1 25 | $41.4M | $942.2M | ||
| Q4 24 | $43.9M | $1.3B | ||
| Q3 24 | $51.0M | $517.6M | ||
| Q2 24 | $30.4M | $515.1M | ||
| Q1 24 | $37.2M | $548.9M |
总债务APOGDBX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $62.0M | — |
股东权益APOGDBX
| Q4 25 | $512.3M | $-1.8B | ||
| Q3 25 | $500.2M | $-1.5B | ||
| Q2 25 | $481.8M | $-1.3B | ||
| Q1 25 | $487.9M | $-1.1B | ||
| Q4 24 | $522.1M | $-752.4M | ||
| Q3 24 | $506.4M | $-546.1M | ||
| Q2 24 | $480.0M | $-371.3M | ||
| Q1 24 | $471.0M | $-277.2M |
总资产APOGDBX
| Q4 25 | $1.1B | $2.8B | ||
| Q3 25 | $1.2B | $2.8B | ||
| Q2 25 | $1.2B | $2.8B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $917.1M | $2.6B | ||
| Q2 24 | $889.0M | $2.7B | ||
| Q1 24 | $884.1M | $2.8B |
负债/权益比APOGDBX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.13× | — |
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 | $29.3M | $235.4M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $224.9M |
| 自由现金流率自由现金流/营收 | 6.6% | 35.4% |
| 资本支出强度资本支出/营收 | 1.9% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.77× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $67.4M | $930.8M |
8季度趋势，按日历期对齐
经营现金流APOGDBX
| Q4 25 | $29.3M | $235.4M | ||
| Q3 25 | $57.1M | $302.1M | ||
| Q2 25 | $-19.8M | $260.5M | ||
| Q1 25 | $30.0M | $153.8M | ||
| Q4 24 | $31.0M | $213.8M | ||
| Q3 24 | $58.7M | $274.2M | ||
| Q2 24 | $5.5M | $230.6M | ||
| Q1 24 | $74.9M | $175.5M |
自由现金流APOGDBX
| Q4 25 | $22.9M | $224.9M | ||
| Q3 25 | $52.4M | $293.7M | ||
| Q2 25 | $-26.9M | $258.5M | ||
| Q1 25 | $19.1M | $153.7M | ||
| Q4 24 | $22.0M | $210.5M | ||
| Q3 24 | $50.2M | $270.1M | ||
| Q2 24 | $-1.8M | $224.7M | ||
| Q1 24 | $58.7M | $166.3M |
自由现金流率APOGDBX
| Q4 25 | 6.6% | 35.4% | ||
| Q3 25 | 14.6% | 46.3% | ||
| Q2 25 | -7.8% | 41.3% | ||
| Q1 25 | 5.5% | 24.6% | ||
| Q4 24 | 6.4% | 32.7% | ||
| Q3 24 | 14.7% | 42.3% | ||
| Q2 24 | -0.5% | 35.4% | ||
| Q1 24 | 16.2% | 26.3% |
资本支出强度APOGDBX
| Q4 25 | 1.9% | 1.7% | ||
| Q3 25 | 1.3% | 1.3% | ||
| Q2 25 | 2.1% | 0.3% | ||
| Q1 25 | 3.2% | 0.0% | ||
| Q4 24 | 2.6% | 0.5% | ||
| Q3 24 | 2.5% | 0.6% | ||
| Q2 24 | 2.2% | 0.9% | ||
| Q1 24 | 4.5% | 1.5% |
现金转化率APOGDBX
| Q4 25 | 1.77× | 2.17× | ||
| Q3 25 | 2.41× | 2.44× | ||
| Q2 25 | — | 2.07× | ||
| Q1 25 | 12.08× | 1.02× | ||
| Q4 24 | 1.48× | 2.08× | ||
| Q3 24 | 1.92× | 2.57× | ||
| Q2 24 | 0.18× | 2.09× | ||
| Q1 24 | 4.76× | 1.33× |
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
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
DBX
| US | $355.3M | 56% |
| Non Us | $280.9M | 44% |
