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AppLovin Corp（APP）与Axon Enterprise（AXON）财务数据对比。点击上方公司名可切换其他公司
AppLovin Corp的季度营收约是Axon Enterprise的2.3倍（$1.8B vs $807.3M），AppLovin Corp净利率更高（65.5% vs 21.0%，领先44.5%），AppLovin Corp同比增速更快（59.0% vs 33.7%），过去两年AppLovin Corp的营收复合增速更高（30.6% vs 26.6%）
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。
Axon Enterprise是总部位于美国亚利桑那州斯科茨代尔的企业，面向军队、执法部门及民用市场开发各类武器装备与相关技术产品，业务覆盖公共安全、国防及民用消费等多个领域，为不同用户群体提供适配的产品解决方案。
APP vs AXON — 直观对比
营收规模更大
APP
是对方的2.3倍
$807.3M
营收增速更快
APP
高出25.2%
33.7%
净利率更高
APP
高出44.5%
21.0%
两年增速更快
APP
近两年复合增速
26.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $807.3M |
| 净利润 | $1.2B | $169.3M |
| 毛利率 | 88.9% | 59.1% |
| 营业利润率 | 78.2% | 44.5% |
| 净利率 | 65.5% | 21.0% |
| 营收同比 | 59.0% | 33.7% |
| 净利润同比 | 109.2% | — |
| 每股收益（稀释后） | $3.56 | $2.05 |
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APPAXON
| Q1 26 | $1.8B | $807.3M | ||
| Q4 25 | $1.3B | $796.7M | ||
| Q3 25 | $1.4B | $710.6M | ||
| Q2 25 | $1.3B | $668.5M | ||
| Q1 25 | $1.5B | $603.6M | ||
| Q4 24 | $1.4B | $573.4M | ||
| Q3 24 | $1.2B | $544.3M | ||
| Q2 24 | $1.1B | $504.1M |
净利润APPAXON
| Q1 26 | $1.2B | $169.3M | ||
| Q4 25 | $1.1B | $2.7M | ||
| Q3 25 | $835.5M | $-2.2M | ||
| Q2 25 | $819.5M | $36.1M | ||
| Q1 25 | $576.4M | $88.0M | ||
| Q4 24 | $599.2M | $136.0M | ||
| Q3 24 | $434.4M | $67.0M | ||
| Q2 24 | $310.0M | $40.8M |
毛利率APPAXON
| Q1 26 | 88.9% | 59.1% | ||
| Q4 25 | 95.2% | 57.9% | ||
| Q3 25 | 87.6% | 60.1% | ||
| Q2 25 | 87.7% | 60.4% | ||
| Q1 25 | 81.7% | 60.6% | ||
| Q4 24 | 76.7% | 60.5% | ||
| Q3 24 | 77.5% | 60.8% | ||
| Q2 24 | 73.8% | 60.3% |
营业利润率APPAXON
| Q1 26 | 78.2% | 44.5% | ||
| Q4 25 | — | -6.3% | ||
| Q3 25 | 76.8% | -0.3% | ||
| Q2 25 | 76.1% | -0.2% | ||
| Q1 25 | 44.7% | -1.5% | ||
| Q4 24 | 44.3% | -2.6% | ||
| Q3 24 | 44.6% | 4.4% | ||
| Q2 24 | 36.2% | 6.5% |
净利率APPAXON
| Q1 26 | 65.5% | 21.0% | ||
| Q4 25 | 82.7% | 0.3% | ||
| Q3 25 | 59.5% | -0.3% | ||
| Q2 25 | 65.1% | 5.4% | ||
| Q1 25 | 38.8% | 14.6% | ||
| Q4 24 | 43.6% | 23.7% | ||
| Q3 24 | 36.3% | 12.3% | ||
| Q2 24 | 28.7% | 8.1% |
每股收益（稀释后）APPAXON
| Q1 26 | $3.56 | $2.05 | ||
| Q4 25 | $3.24 | $0.02 | ||
| Q3 25 | $2.45 | $-0.03 | ||
| Q2 25 | $2.39 | $0.44 | ||
| Q1 25 | $1.67 | $1.08 | ||
| Q4 24 | $1.72 | $1.68 | ||
| Q3 24 | $1.25 | $0.86 | ||
| Q2 24 | $0.89 | $0.53 |
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 | $2.8B | $718.9M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.4B | $3.5B |
| 总资产 | $7.7B | $7.1B |
| 负债/权益比越低杠杆越低 | 1.49× | — |
8季度趋势，按日历期对齐
现金及短期投资APPAXON
| Q1 26 | $2.8B | $718.9M | ||
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $1.7B | $2.4B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $551.0M | $2.2B | ||
| Q4 24 | $741.4M | $788.1M | ||
| Q3 24 | $567.6M | $1.0B | ||
| Q2 24 | $460.4M | $968.9M |
总债务APPAXON
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $1.8B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $3.5B | $680.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APPAXON
| Q1 26 | $2.4B | $3.5B | ||
| Q4 25 | $2.1B | $3.2B | ||
| Q3 25 | $1.5B | $3.0B | ||
| Q2 25 | $1.2B | $2.7B | ||
| Q1 25 | $575.4M | $2.6B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $938.2M | $2.1B | ||
| Q2 24 | $814.8M | $1.9B |
总资产APPAXON
| Q1 26 | $7.7B | $7.1B | ||
| Q4 25 | $7.3B | $7.0B | ||
| Q3 25 | $6.3B | $6.7B | ||
| Q2 25 | $6.0B | $6.2B | ||
| Q1 25 | $5.7B | $6.1B | ||
| Q4 24 | $5.9B | $4.5B | ||
| Q3 24 | $5.4B | $4.0B | ||
| Q2 24 | $5.3B | $3.7B |
负债/权益比APPAXON
| Q1 26 | 1.49× | — | ||
| Q4 25 | 1.65× | 0.56× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.79× | ||
| Q4 24 | 3.22× | 0.29× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.3B | — |
| 自由现金流率自由现金流/营收 | 69.8% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.07× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APPAXON
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $217.2M | ||
| Q3 25 | $1.1B | $60.0M | ||
| Q2 25 | $772.2M | $-91.7M | ||
| Q1 25 | $831.7M | $25.8M | ||
| Q4 24 | $701.0M | $250.2M | ||
| Q3 24 | $550.7M | $91.3M | ||
| Q2 24 | $454.5M | $82.8M |
自由现金流APPAXON
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $155.4M | ||
| Q3 25 | — | $33.4M | ||
| Q2 25 | — | $-114.7M | ||
| Q1 25 | — | $932.0K | ||
| Q4 24 | — | $225.4M | ||
| Q3 24 | — | $64.8M | ||
| Q2 24 | — | $71.4M |
自由现金流率APPAXON
| Q1 26 | 69.8% | — | ||
| Q4 25 | — | 19.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | -17.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 39.3% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | — | 14.2% |
资本支出强度APPAXON
| Q1 26 | — | — | ||
| Q4 25 | — | 7.8% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 2.2% |
现金转化率APPAXON
| Q1 26 | 1.07× | — | ||
| Q4 25 | 1.19× | 79.14× | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 0.94× | -2.54× | ||
| Q1 25 | 1.44× | 0.29× | ||
| Q4 24 | 1.17× | 1.84× | ||
| Q3 24 | 1.27× | 1.36× | ||
| Q2 24 | 1.47× | 2.03× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
