vs
AppLovin Corp（APP）与AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）财务数据对比。点击上方公司名可切换其他公司
AMERICAN AXLE & MANUFACTURING HOLDINGS INC的季度营收约是AppLovin Corp的1.0倍（$1.4B vs $1.3B），AppLovin Corp净利率更高（82.7% vs -5.4%，领先88.1%），AMERICAN AXLE & MANUFACTURING HOLDINGS INC同比增速更快（0.2% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs -7.2%）
AppLovin是总部位于美国加利福尼亚州帕洛阿尔托的移动科技公司，成立于2012年，旗下拥有SSP MAX、DSP AppDiscovery营销平台及SparkLabs创意工作室，可为开发者提供应用推广、变现、分析及发行服务，同时也对多家移动游戏发行商开展投资。
美国车桥制造控股有限公司总部位于密歇根州底特律，是一家美国汽车传动轴与动力传动系统零部件及系统制造商，在汽车传动领域拥有成熟的技术与产能，为全球多家车企供应相关核心配件。
APP vs AXL — 直观对比
营收规模更大
AXL
是对方的1.0倍
$1.3B
营收增速更快
AXL
高出3.1%
-2.9%
净利率更高
APP
高出88.1%
-5.4%
两年增速更快
APP
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $1.1B | $-75.3M |
| 毛利率 | 95.2% | 10.2% |
| 营业利润率 | — | -2.4% |
| 净利率 | 82.7% | -5.4% |
| 营收同比 | -2.9% | 0.2% |
| 净利润同比 | 84.0% | -449.6% |
| 每股收益（稀释后） | $3.24 | $-0.62 |
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APPAXL
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.1B | $1.6B |
净利润APPAXL
| Q4 25 | $1.1B | $-75.3M | ||
| Q3 25 | $835.5M | $9.2M | ||
| Q2 25 | $819.5M | $39.3M | ||
| Q1 25 | $576.4M | $7.1M | ||
| Q4 24 | $599.2M | $-13.7M | ||
| Q3 24 | $434.4M | $10.0M | ||
| Q2 24 | $310.0M | $18.2M | ||
| Q1 24 | $236.2M | $20.5M |
毛利率APPAXL
| Q4 25 | 95.2% | 10.2% | ||
| Q3 25 | 87.6% | 12.6% | ||
| Q2 25 | 87.7% | 13.1% | ||
| Q1 25 | 81.7% | 12.3% | ||
| Q4 24 | 76.7% | 11.2% | ||
| Q3 24 | 77.5% | 11.4% | ||
| Q2 24 | 73.8% | 13.3% | ||
| Q1 24 | 72.2% | 12.4% |
营业利润率APPAXL
| Q4 25 | — | -2.4% | ||
| Q3 25 | 76.8% | 3.2% | ||
| Q2 25 | 76.1% | 3.6% | ||
| Q1 25 | 44.7% | 3.0% | ||
| Q4 24 | 44.3% | 2.6% | ||
| Q3 24 | 44.6% | 2.8% | ||
| Q2 24 | 36.2% | 5.3% | ||
| Q1 24 | 32.1% | 4.8% |
净利率APPAXL
| Q4 25 | 82.7% | -5.4% | ||
| Q3 25 | 59.5% | 0.6% | ||
| Q2 25 | 65.1% | 2.6% | ||
| Q1 25 | 38.8% | 0.5% | ||
| Q4 24 | 43.6% | -1.0% | ||
| Q3 24 | 36.3% | 0.7% | ||
| Q2 24 | 28.7% | 1.1% | ||
| Q1 24 | 22.3% | 1.3% |
每股收益（稀释后）APPAXL
| Q4 25 | $3.24 | $-0.62 | ||
| Q3 25 | $2.45 | $0.07 | ||
| Q2 25 | $2.39 | $0.32 | ||
| Q1 25 | $1.67 | $0.06 | ||
| Q4 24 | $1.72 | $-0.11 | ||
| Q3 24 | $1.25 | $0.08 | ||
| Q2 24 | $0.89 | $0.15 | ||
| Q1 24 | $0.67 | $0.17 |
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 | $2.5B | $708.9M |
| 总债务越低越好 | $3.5B | $4.0B |
| 股东权益账面价值 | $2.1B | $640.0M |
| 总资产 | $7.3B | $6.7B |
| 负债/权益比越低杠杆越低 | 1.65× | 6.31× |
8季度趋势，按日历期对齐
现金及短期投资APPAXL
| Q4 25 | $2.5B | $708.9M | ||
| Q3 25 | $1.7B | $714.1M | ||
| Q2 25 | $1.2B | $586.5M | ||
| Q1 25 | $551.0M | $549.2M | ||
| Q4 24 | $741.4M | $552.9M | ||
| Q3 24 | $567.6M | $542.5M | ||
| Q2 24 | $460.4M | $519.9M | ||
| Q1 24 | $436.3M | $469.8M |
总债务APPAXL
| Q4 25 | $3.5B | $4.0B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $3.5B | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
股东权益APPAXL
| Q4 25 | $2.1B | $640.0M | ||
| Q3 25 | $1.5B | $718.4M | ||
| Q2 25 | $1.2B | $673.0M | ||
| Q1 25 | $575.4M | $596.3M | ||
| Q4 24 | $1.1B | $562.8M | ||
| Q3 24 | $938.2M | $616.3M | ||
| Q2 24 | $814.8M | $609.6M | ||
| Q1 24 | $760.2M | $621.4M |
总资产APPAXL
| Q4 25 | $7.3B | $6.7B | ||
| Q3 25 | $6.3B | $5.3B | ||
| Q2 25 | $6.0B | $5.3B | ||
| Q1 25 | $5.7B | $5.1B | ||
| Q4 24 | $5.9B | $5.1B | ||
| Q3 24 | $5.4B | $5.3B | ||
| Q2 24 | $5.3B | $5.3B | ||
| Q1 24 | $5.3B | $5.4B |
负债/权益比APPAXL
| Q4 25 | 1.65× | 6.31× | ||
| Q3 25 | — | 3.61× | ||
| Q2 25 | — | 3.86× | ||
| Q1 25 | — | 4.38× | ||
| Q4 24 | 3.22× | 4.58× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | — | 4.42× | ||
| Q1 24 | — | 4.40× |
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 | $1.3B | $120.5M |
| 自由现金流经营现金流 - 资本支出 | — | $54.7M |
| 自由现金流率自由现金流/营收 | — | 4.0% |
| 资本支出强度资本支出/营收 | — | 4.8% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | — | $155.1M |
8季度趋势，按日历期对齐
经营现金流APPAXL
| Q4 25 | $1.3B | $120.5M | ||
| Q3 25 | $1.1B | $143.3M | ||
| Q2 25 | $772.2M | $91.9M | ||
| Q1 25 | $831.7M | $55.9M | ||
| Q4 24 | $701.0M | $151.2M | ||
| Q3 24 | $550.7M | $143.6M | ||
| Q2 24 | $454.5M | $142.8M | ||
| Q1 24 | $392.8M | $17.8M |
自由现金流APPAXL
| Q4 25 | — | $54.7M | ||
| Q3 25 | — | $79.2M | ||
| Q2 25 | — | $34.6M | ||
| Q1 25 | — | $-13.4M | ||
| Q4 24 | — | $73.2M | ||
| Q3 24 | — | $70.4M | ||
| Q2 24 | — | $94.0M | ||
| Q1 24 | — | $-30.2M |
自由现金流率APPAXL
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | -1.9% |
资本支出强度APPAXL
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 3.0% |
现金转化率APPAXL
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.26× | 15.58× | ||
| Q2 25 | 0.94× | 2.34× | ||
| Q1 25 | 1.44× | 7.87× | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | 14.36× | ||
| Q2 24 | 1.47× | 7.85× | ||
| Q1 24 | 1.66× | 0.87× |
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
APP
| Other | $673.9M | 51% |
| US | $659.0M | 49% |
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
