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APOGEE ENTERPRISES, INC.（APOG）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是APOGEE ENTERPRISES, INC.的2.0倍（$685.8M vs $348.6M），PTC Inc.净利率更高（24.3% vs 4.7%，领先19.5%），PTC Inc.同比增速更快（21.4% vs 2.1%），PTC Inc.自由现金流更多（$267.4M vs $22.9M），过去两年PTC Inc.的营收复合增速更高（6.6% 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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
APOG vs PTC — 直观对比
营收规模更大
PTC
是对方的2.0倍
$348.6M
营收增速更快
PTC
高出19.2%
2.1%
净利率更高
PTC
高出19.5%
4.7%
自由现金流更多
PTC
多$244.6M
$22.9M
两年增速更快
PTC
近两年复合增速
-1.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $348.6M | $685.8M |
| 净利润 | $16.5M | $166.5M |
| 毛利率 | 23.8% | 82.8% |
| 营业利润率 | 7.1% | 32.2% |
| 净利率 | 4.7% | 24.3% |
| 营收同比 | 2.1% | 21.4% |
| 净利润同比 | -21.2% | 102.5% |
| 每股收益（稀释后） | $0.77 | $1.39 |
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APOGPTC
| Q4 25 | $348.6M | $685.8M | ||
| Q3 25 | $358.2M | $893.8M | ||
| Q2 25 | $346.6M | $643.9M | ||
| Q1 25 | $345.7M | $636.4M | ||
| Q4 24 | $341.3M | $565.1M | ||
| Q3 24 | $342.4M | $626.5M | ||
| Q2 24 | $331.5M | $518.6M | ||
| Q1 24 | $361.8M | $603.1M |
净利润APOGPTC
| Q4 25 | $16.5M | $166.5M | ||
| Q3 25 | $23.6M | $347.8M | ||
| Q2 25 | $-2.7M | $141.3M | ||
| Q1 25 | $2.5M | $162.6M | ||
| Q4 24 | $21.0M | $82.2M | ||
| Q3 24 | $30.6M | $126.5M | ||
| Q2 24 | $31.0M | $69.0M | ||
| Q1 24 | $15.7M | $114.4M |
毛利率APOGPTC
| Q4 25 | 23.8% | 82.8% | ||
| Q3 25 | 23.1% | 86.9% | ||
| Q2 25 | 21.7% | 82.9% | ||
| Q1 25 | 21.6% | 83.3% | ||
| Q4 24 | 26.1% | 80.2% | ||
| Q3 24 | 28.4% | 82.0% | ||
| Q2 24 | 29.8% | 78.4% | ||
| Q1 24 | 24.4% | 81.8% |
营业利润率APOGPTC
| Q4 25 | 7.1% | 32.2% | ||
| Q3 25 | 7.5% | 48.5% | ||
| Q2 25 | 2.0% | 32.6% | ||
| Q1 25 | 1.8% | 35.1% | ||
| Q4 24 | 8.4% | 20.4% | ||
| Q3 24 | 12.3% | 31.0% | ||
| Q2 24 | 12.5% | 18.5% | ||
| Q1 24 | 6.0% | 29.8% |
净利率APOGPTC
| Q4 25 | 4.7% | 24.3% | ||
| Q3 25 | 6.6% | 38.9% | ||
| Q2 25 | -0.8% | 21.9% | ||
| Q1 25 | 0.7% | 25.6% | ||
| Q4 24 | 6.1% | 14.6% | ||
| Q3 24 | 8.9% | 20.2% | ||
| Q2 24 | 9.4% | 13.3% | ||
| Q1 24 | 4.3% | 19.0% |
每股收益（稀释后）APOGPTC
| Q4 25 | $0.77 | $1.39 | ||
| Q3 25 | $1.10 | $2.88 | ||
| Q2 25 | $-0.13 | $1.17 | ||
| Q1 25 | $0.12 | $1.35 | ||
| Q4 24 | $0.96 | $0.68 | ||
| Q3 24 | $1.40 | $1.05 | ||
| Q2 24 | $1.41 | $0.57 | ||
| Q1 24 | $0.71 | $0.95 |
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 | $209.7M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $512.3M | $3.8B |
| 总资产 | $1.1B | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资APOGPTC
| Q4 25 | $41.3M | $209.7M | ||
| Q3 25 | $39.5M | $184.4M | ||
| Q2 25 | $32.8M | $199.3M | ||
| Q1 25 | $41.4M | $235.2M | ||
| Q4 24 | $43.9M | $196.3M | ||
| Q3 24 | $51.0M | $265.8M | ||
| Q2 24 | $30.4M | $247.7M | ||
| Q1 24 | $37.2M | $249.0M |
总债务APOGPTC
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $285.0M | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | $62.0M | $1.5B |
股东权益APOGPTC
| Q4 25 | $512.3M | $3.8B | ||
| Q3 25 | $500.2M | $3.8B | ||
| Q2 25 | $481.8M | $3.5B | ||
| Q1 25 | $487.9M | $3.4B | ||
| Q4 24 | $522.1M | $3.2B | ||
| Q3 24 | $506.4M | $3.2B | ||
| Q2 24 | $480.0M | $3.0B | ||
| Q1 24 | $471.0M | $2.9B |
总资产APOGPTC
| Q4 25 | $1.1B | $6.4B | ||
| Q3 25 | $1.2B | $6.6B | ||
| Q2 25 | $1.2B | $6.2B | ||
| Q1 25 | $1.2B | $6.2B | ||
| Q4 24 | $1.2B | $6.1B | ||
| Q3 24 | $917.1M | $6.4B | ||
| Q2 24 | $889.0M | $6.1B | ||
| Q1 24 | $884.1M | $6.2B |
负债/权益比APOGPTC
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | 0.58× | 0.40× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | 0.13× | 0.51× |
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 | $269.7M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $267.4M |
| 自由现金流率自由现金流/营收 | 6.6% | 39.0% |
| 资本支出强度资本支出/营收 | 1.9% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.77× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $67.4M | $888.4M |
8季度趋势，按日历期对齐
经营现金流APOGPTC
| Q4 25 | $29.3M | $269.7M | ||
| Q3 25 | $57.1M | $104.0M | ||
| Q2 25 | $-19.8M | $243.9M | ||
| Q1 25 | $30.0M | $281.3M | ||
| Q4 24 | $31.0M | $238.4M | ||
| Q3 24 | $58.7M | $98.1M | ||
| Q2 24 | $5.5M | $213.8M | ||
| Q1 24 | $74.9M | $250.7M |
自由现金流APOGPTC
| Q4 25 | $22.9M | $267.4M | ||
| Q3 25 | $52.4M | $100.5M | ||
| Q2 25 | $-26.9M | $242.0M | ||
| Q1 25 | $19.1M | $278.5M | ||
| Q4 24 | $22.0M | $235.7M | ||
| Q3 24 | $50.2M | $93.6M | ||
| Q2 24 | $-1.8M | $212.2M | ||
| Q1 24 | $58.7M | $247.1M |
自由现金流率APOGPTC
| Q4 25 | 6.6% | 39.0% | ||
| Q3 25 | 14.6% | 11.2% | ||
| Q2 25 | -7.8% | 37.6% | ||
| Q1 25 | 5.5% | 43.8% | ||
| Q4 24 | 6.4% | 41.7% | ||
| Q3 24 | 14.7% | 14.9% | ||
| Q2 24 | -0.5% | 40.9% | ||
| Q1 24 | 16.2% | 41.0% |
资本支出强度APOGPTC
| Q4 25 | 1.9% | 0.3% | ||
| Q3 25 | 1.3% | 0.4% | ||
| Q2 25 | 2.1% | 0.3% | ||
| Q1 25 | 3.2% | 0.4% | ||
| Q4 24 | 2.6% | 0.5% | ||
| Q3 24 | 2.5% | 0.7% | ||
| Q2 24 | 2.2% | 0.3% | ||
| Q1 24 | 4.5% | 0.6% |
现金转化率APOGPTC
| Q4 25 | 1.77× | 1.62× | ||
| Q3 25 | 2.41× | 0.30× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | 12.08× | 1.73× | ||
| Q4 24 | 1.48× | 2.90× | ||
| Q3 24 | 1.92× | 0.78× | ||
| Q2 24 | 0.18× | 3.10× | ||
| Q1 24 | 4.76× | 2.19× |
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% |
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
