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AppLovin Corp（APP）与布鲁克菲尔德资产管理（BAM）财务数据对比。点击上方公司名可切换其他公司
AppLovin Corp的季度营收约是布鲁克菲尔德资产管理的1.4倍（$1.8B vs $1.3B），AppLovin Corp净利率更高（65.5% vs 43.8%，领先21.7%），AppLovin Corp同比增速更快（59.0% vs 23.8%），过去两年AppLovin Corp的营收复合增速更高（30.6% vs 30.5%）
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。
布鲁克菲尔德资产管理有限公司是加美两地的另类资产管理机构，2022年12月从布鲁克菲尔德集团的资管业务分拆成立，在全球范围内管理不动产、基础设施、可再生能源、私募股权及信贷市场等领域的投资。
APP vs BAM — 直观对比
营收规模更大
APP
是对方的1.4倍
$1.3B
营收增速更快
APP
高出35.2%
23.8%
净利率更高
APP
高出21.7%
43.8%
两年增速更快
APP
近两年复合增速
30.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.3B |
| 净利润 | $1.2B | $586.0M |
| 毛利率 | 88.9% | — |
| 营业利润率 | 78.2% | — |
| 净利率 | 65.5% | 43.8% |
| 营收同比 | 59.0% | 23.8% |
| 净利润同比 | 109.2% | 15.6% |
| 每股收益（稀释后） | $3.56 | $0.38 |
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APPBAM
| Q1 26 | $1.8B | $1.3B | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.4B | $974.0M | ||
| Q2 25 | $1.3B | $931.0M | ||
| Q1 25 | $1.5B | $954.0M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.2B | $873.0M | ||
| Q2 24 | $1.1B | $821.0M |
净利润APPBAM
| Q1 26 | $1.2B | $586.0M | ||
| Q4 25 | $1.1B | $615.0M | ||
| Q3 25 | $835.5M | $692.0M | ||
| Q2 25 | $819.5M | $584.0M | ||
| Q1 25 | $576.4M | $507.0M | ||
| Q4 24 | $599.2M | — | ||
| Q3 24 | $434.4M | $537.0M | ||
| Q2 24 | $310.0M | $124.0M |
毛利率APPBAM
| Q1 26 | 88.9% | — | ||
| Q4 25 | 95.2% | — | ||
| Q3 25 | 87.6% | — | ||
| Q2 25 | 87.7% | — | ||
| Q1 25 | 81.7% | — | ||
| Q4 24 | 76.7% | — | ||
| Q3 24 | 77.5% | — | ||
| Q2 24 | 73.8% | — |
营业利润率APPBAM
| Q1 26 | 78.2% | — | ||
| Q4 25 | — | 84.2% | ||
| Q3 25 | 76.8% | 79.1% | ||
| Q2 25 | 76.1% | 70.8% | ||
| Q1 25 | 44.7% | 61.0% | ||
| Q4 24 | 44.3% | — | ||
| Q3 24 | 44.6% | 72.5% | ||
| Q2 24 | 36.2% | 80.4% |
净利率APPBAM
| Q1 26 | 65.5% | 43.8% | ||
| Q4 25 | 82.7% | 56.7% | ||
| Q3 25 | 59.5% | 71.0% | ||
| Q2 25 | 65.1% | 62.7% | ||
| Q1 25 | 38.8% | 53.1% | ||
| Q4 24 | 43.6% | — | ||
| Q3 24 | 36.3% | 61.5% | ||
| Q2 24 | 28.7% | 15.1% |
每股收益（稀释后）APPBAM
| Q1 26 | $3.56 | $0.38 | ||
| Q4 25 | $3.24 | — | ||
| Q3 25 | $2.45 | — | ||
| Q2 25 | $2.39 | — | ||
| Q1 25 | $1.67 | — | ||
| Q4 24 | $1.72 | — | ||
| Q3 24 | $1.25 | — | ||
| Q2 24 | $0.89 | — |
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 | $1.0M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.4B | $8.6M |
| 总资产 | $7.7B | $17.9M |
| 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APPBAM
| Q1 26 | $2.8B | $1.0M | ||
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.2B | $480.0M | ||
| Q1 25 | $551.0M | $332.0M | ||
| Q4 24 | $741.4M | — | ||
| Q3 24 | $567.6M | — | ||
| Q2 24 | $460.4M | $10.0M |
总债务APPBAM
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APPBAM
| Q1 26 | $2.4B | $8.6M | ||
| Q4 25 | $2.1B | $8.9B | ||
| Q3 25 | $1.5B | $8.5B | ||
| Q2 25 | $1.2B | $8.5B | ||
| Q1 25 | $575.4M | $8.5B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $938.2M | $9.0B | ||
| Q2 24 | $814.8M | $3.2B |
总资产APPBAM
| Q1 26 | $7.7B | $17.9M | ||
| Q4 25 | $7.3B | $17.0B | ||
| Q3 25 | $6.3B | $16.5B | ||
| Q2 25 | $6.0B | $16.1B | ||
| Q1 25 | $5.7B | $15.0B | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.3B | $4.2B |
负债/权益比APPBAM
| Q1 26 | 1.49× | — | ||
| Q4 25 | 1.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | — | ||
| 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APPBAM
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $562.0M | ||
| Q3 25 | $1.1B | $745.0M | ||
| Q2 25 | $772.2M | $529.0M | ||
| Q1 25 | $831.7M | $265.0M | ||
| Q4 24 | $701.0M | — | ||
| Q3 24 | $550.7M | $567.0M | ||
| Q2 24 | $454.5M | $159.0M |
自由现金流APPBAM
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率APPBAM
| Q1 26 | 69.8% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率APPBAM
| Q1 26 | 1.07× | — | ||
| Q4 25 | 1.19× | 0.91× | ||
| Q3 25 | 1.26× | 1.08× | ||
| Q2 25 | 0.94× | 0.91× | ||
| Q1 25 | 1.44× | 0.52× | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | 1.06× | ||
| Q2 24 | 1.47× | 1.28× |
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
暂无分部数据
BAM
| Management and incentive fee revenues | $990.0M | 74% |
| Other revenues | $236.0M | 18% |
| Other | $112.0M | 8% |
