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AppLovin Corp（APP）与Broadridge Financial Solutions（BR）财务数据对比。点击上方公司名可切换其他公司
Broadridge Financial Solutions的季度营收约是AppLovin Corp的1.3倍（$1.7B vs $1.3B），AppLovin Corp净利率更高（82.7% vs 16.6%，领先66.1%），AppLovin Corp同比增速更快（-2.9% vs -5.4%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 10.4%）
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。
Broadridge Financial Solutions是2007年从自动数据处理公司（ADP）分拆成立的上市企业服务及金融科技企业，总部位于纽约莱克萨克塞斯，为金融行业客户提供股东委托书、年报等金融单证服务，以及线上年会等股东沟通解决方案。
APP vs BR — 直观对比
营收规模更大
BR
是对方的1.3倍
$1.3B
营收增速更快
APP
高出2.5%
-5.4%
净利率更高
APP
高出66.1%
16.6%
两年增速更快
APP
近两年复合增速
10.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $1.1B | $284.6M |
| 毛利率 | 95.2% | 27.6% |
| 营业利润率 | — | 12.0% |
| 净利率 | 82.7% | 16.6% |
| 营收同比 | -2.9% | -5.4% |
| 净利润同比 | 84.0% | 17.1% |
| 每股收益（稀释后） | $3.24 | $2.42 |
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APPBR
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.1B | $1.7B |
净利润APPBR
| Q4 25 | $1.1B | $284.6M | ||
| Q3 25 | $835.5M | — | ||
| Q2 25 | $819.5M | $374.2M | ||
| Q1 25 | $576.4M | $243.1M | ||
| Q4 24 | $599.2M | $142.4M | ||
| Q3 24 | $434.4M | $79.8M | ||
| Q2 24 | $310.0M | $323.2M | ||
| Q1 24 | $236.2M | $213.7M |
毛利率APPBR
| Q4 25 | 95.2% | 27.6% | ||
| Q3 25 | 87.6% | — | ||
| Q2 25 | 87.7% | 37.3% | ||
| Q1 25 | 81.7% | 31.8% | ||
| Q4 24 | 76.7% | 27.9% | ||
| Q3 24 | 77.5% | 24.5% | ||
| Q2 24 | 73.8% | 35.5% | ||
| Q1 24 | 72.2% | 31.2% |
营业利润率APPBR
| Q4 25 | — | 12.0% | ||
| Q3 25 | 76.8% | — | ||
| Q2 25 | 76.1% | 24.1% | ||
| Q1 25 | 44.7% | 19.0% | ||
| Q4 24 | 44.3% | 13.3% | ||
| Q3 24 | 44.6% | 9.4% | ||
| Q2 24 | 36.2% | 22.7% | ||
| Q1 24 | 32.1% | 17.5% |
净利率APPBR
| Q4 25 | 82.7% | 16.6% | ||
| Q3 25 | 59.5% | — | ||
| Q2 25 | 65.1% | 18.1% | ||
| Q1 25 | 38.8% | 13.4% | ||
| Q4 24 | 43.6% | 9.0% | ||
| Q3 24 | 36.3% | 5.6% | ||
| Q2 24 | 28.7% | 16.6% | ||
| Q1 24 | 22.3% | 12.4% |
每股收益（稀释后）APPBR
| Q4 25 | $3.24 | $2.42 | ||
| Q3 25 | $2.45 | — | ||
| Q2 25 | $2.39 | $3.17 | ||
| Q1 25 | $1.67 | $2.05 | ||
| Q4 24 | $1.72 | $1.20 | ||
| Q3 24 | $1.25 | $0.68 | ||
| Q2 24 | $0.89 | $2.72 | ||
| Q1 24 | $0.67 | $1.79 |
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 | $371.5M |
| 总债务越低越好 | $3.5B | $3.2B |
| 股东权益账面价值 | $2.1B | $2.9B |
| 总资产 | $7.3B | $8.6B |
| 负债/权益比越低杠杆越低 | 1.65× | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资APPBR
| Q4 25 | $2.5B | $371.5M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.2B | $562.2M | ||
| Q1 25 | $551.0M | $317.9M | ||
| Q4 24 | $741.4M | $290.6M | ||
| Q3 24 | $567.6M | $293.5M | ||
| Q2 24 | $460.4M | $305.2M | ||
| Q1 24 | $436.3M | $236.4M |
总债务APPBR
| Q4 25 | $3.5B | $3.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | $3.5B | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.5B |
股东权益APPBR
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.2B | $2.7B | ||
| Q1 25 | $575.4M | $2.4B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $938.2M | $2.2B | ||
| Q2 24 | $814.8M | $2.2B | ||
| Q1 24 | $760.2M | $2.3B |
总资产APPBR
| Q4 25 | $7.3B | $8.6B | ||
| Q3 25 | $6.3B | — | ||
| Q2 25 | $6.0B | $8.5B | ||
| Q1 25 | $5.7B | $8.3B | ||
| Q4 24 | $5.9B | $8.2B | ||
| Q3 24 | $5.4B | $8.0B | ||
| Q2 24 | $5.3B | $8.2B | ||
| Q1 24 | $5.3B | $8.2B |
负债/权益比APPBR
| Q4 25 | 1.65× | 1.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | 3.22× | 1.64× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 1.55× |
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 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | 1.19× | — |
| 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APPBR
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $772.2M | $699.7M | ||
| Q1 25 | $831.7M | $360.4M | ||
| Q4 24 | $701.0M | $236.7M | ||
| Q3 24 | $550.7M | $-125.5M | ||
| Q2 24 | $454.5M | $721.0M | ||
| Q1 24 | $392.8M | $207.4M |
自由现金流APPBR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $684.1M | ||
| Q1 25 | — | $348.9M | ||
| Q4 24 | — | $227.9M | ||
| Q3 24 | — | $-133.4M | ||
| Q2 24 | — | $703.2M | ||
| Q1 24 | — | $184.6M |
自由现金流率APPBR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | -9.4% | ||
| Q2 24 | — | 36.2% | ||
| Q1 24 | — | 10.7% |
资本支出强度APPBR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.3% |
现金转化率APPBR
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 0.94× | 1.87× | ||
| Q1 25 | 1.44× | 1.48× | ||
| Q4 24 | 1.17× | 1.66× | ||
| Q3 24 | 1.27× | -1.57× | ||
| Q2 24 | 1.47× | 2.23× | ||
| Q1 24 | 1.66× | 0.97× |
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% |
BR
| Recurring Fee Revenue Investor Communication Solutions | $589.5M | 34% |
| Recurring Fee Revenue Capital Markets | $300.9M | 18% |
| Recurring Fee Revenue Regulatory | $248.7M | 15% |
| Recurring Fee Revenue Customer Communications | $189.2M | 11% |
| Recurring Fee Revenue Wealth And Investment Management | $179.7M | 10% |
| Recurring Fee Revenue Data Driven Fund Solutions | $112.7M | 7% |
| Event Driven Revenue Mutual Funds | $51.4M | 3% |
| Event Driven Revenue Equity And Other | $39.2M | 2% |
| Global Technology And Operations | $7.5M | 0% |
