vs
AppLovin Corp（APP）与Burlington Stores, Inc.（BURL）财务数据对比。点击上方公司名可切换其他公司
Burlington Stores, Inc.的季度营收约是AppLovin Corp的1.6倍（$2.7B vs $1.7B），AppLovin Corp净利率更高（66.5% vs 3.9%，领先62.6%），AppLovin Corp同比增速更快（66.0% vs 7.1%），AppLovin Corp自由现金流更多（$1.3B vs $-109.6M），过去两年AppLovin Corp的营收复合增速更高（23.9% vs -6.9%）
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。
伯灵顿百货（前身为伯灵顿大衣厂）是美国知名全国性折扣零售商，在全美46个州及波多黎各拥有超过1138家门店，总部位于新泽西州伯灵顿镇。2007年公司被贝恩资本收购，2008年汤姆·金斯伯里出任总裁兼首席执行官，2013年重新上市，现为美国第三大折扣零售企业。
APP vs BURL — 直观对比
营收规模更大
BURL
是对方的1.6倍
$1.7B
营收增速更快
APP
高出58.9%
7.1%
净利率更高
APP
高出62.6%
3.9%
自由现金流更多
APP
多$1.4B
$-109.6M
两年增速更快
APP
近两年复合增速
-6.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.7B |
| 净利润 | $1.1B | $104.8M |
| 毛利率 | 88.9% | 44.2% |
| 营业利润率 | 76.9% | 5.1% |
| 净利率 | 66.5% | 3.9% |
| 营收同比 | 66.0% | 7.1% |
| 净利润同比 | 84.0% | 15.6% |
| 每股收益（稀释后） | $3.24 | $1.63 |
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APPBURL
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.3B | $2.7B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.5B | $3.3B | ||
| Q4 24 | $1.4B | $2.5B | ||
| Q3 24 | $1.2B | $2.5B | ||
| Q2 24 | $1.1B | $2.4B |
净利润APPBURL
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $104.8M | ||
| Q3 25 | $835.5M | $94.2M | ||
| Q2 25 | $819.5M | $100.8M | ||
| Q1 25 | $576.4M | $260.8M | ||
| Q4 24 | $599.2M | $90.6M | ||
| Q3 24 | $434.4M | $73.8M | ||
| Q2 24 | $310.0M | $78.5M |
毛利率APPBURL
| Q1 26 | 88.9% | — | ||
| Q4 25 | 95.2% | 44.2% | ||
| Q3 25 | 87.6% | 43.7% | ||
| Q2 25 | 87.7% | 43.8% | ||
| Q1 25 | 81.7% | 42.9% | ||
| Q4 24 | 76.7% | 43.9% | ||
| Q3 24 | 77.5% | 42.8% | ||
| Q2 24 | 73.8% | 43.5% |
营业利润率APPBURL
| Q1 26 | 76.9% | — | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | 76.8% | 4.7% | ||
| Q2 25 | 76.1% | 5.3% | ||
| Q1 25 | 44.7% | 10.6% | ||
| Q4 24 | 44.3% | 4.7% | ||
| Q3 24 | 44.6% | 4.0% | ||
| Q2 24 | 36.2% | 4.7% |
净利率APPBURL
| Q1 26 | 66.5% | — | ||
| Q4 25 | 82.7% | 3.9% | ||
| Q3 25 | 59.5% | 3.5% | ||
| Q2 25 | 65.1% | 4.0% | ||
| Q1 25 | 38.8% | 8.0% | ||
| Q4 24 | 43.6% | 3.6% | ||
| Q3 24 | 36.3% | 3.0% | ||
| Q2 24 | 28.7% | 3.3% |
每股收益（稀释后）APPBURL
| Q1 26 | $3.24 | — | ||
| Q4 25 | $3.24 | $1.63 | ||
| Q3 25 | $2.45 | $1.47 | ||
| Q2 25 | $2.39 | $1.58 | ||
| Q1 25 | $1.67 | $4.03 | ||
| Q4 24 | $1.72 | $1.40 | ||
| Q3 24 | $1.25 | $1.15 | ||
| Q2 24 | $0.89 | $1.22 |
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 | $584.1M |
| 总债务越低越好 | $3.5B | $2.0B |
| 股东权益账面价值 | $2.1B | $1.5B |
| 总资产 | $7.3B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.65× | 1.32× |
8季度趋势，按日历期对齐
现金及短期投资APPBURL
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $584.1M | ||
| Q3 25 | $1.7B | $747.6M | ||
| Q2 25 | $1.2B | $371.1M | ||
| Q1 25 | $551.0M | $994.7M | ||
| Q4 24 | $741.4M | $857.8M | ||
| Q3 24 | $567.6M | $659.9M | ||
| Q2 24 | $460.4M | $742.3M |
总债务APPBURL
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $3.5B | $1.5B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
股东权益APPBURL
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $575.4M | $1.4B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $938.2M | $1.1B | ||
| Q2 24 | $814.8M | $1.0B |
总资产APPBURL
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.3B | $9.6B | ||
| Q3 25 | $6.3B | $9.3B | ||
| Q2 25 | $6.0B | $8.5B | ||
| Q1 25 | $5.7B | $8.8B | ||
| Q4 24 | $5.9B | $8.4B | ||
| Q3 24 | $5.4B | $7.8B | ||
| Q2 24 | $5.3B | $7.7B |
负债/权益比APPBURL
| Q1 26 | 1.65× | — | ||
| Q4 25 | 1.65× | 1.32× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 3.22× | 1.35× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.20× |
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 | $4.0B | $143.3M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-109.6M |
| 自由现金流率自由现金流/营收 | 79.0% | -4.1% |
| 资本支出强度资本支出/营收 | — | 9.3% |
| 现金转化率经营现金流/净利润 | 3.60× | 1.37× |
| 过去12个月自由现金流最近4个季度 | — | $-358.5M |
8季度趋势，按日历期对齐
经营现金流APPBURL
| Q1 26 | $4.0B | — | ||
| Q4 25 | $1.3B | $143.3M | ||
| Q3 25 | $1.1B | $179.4M | ||
| Q2 25 | $772.2M | $-28.9M | ||
| Q1 25 | $831.7M | $543.2M | ||
| Q4 24 | $701.0M | $110.4M | ||
| Q3 24 | $550.7M | $160.4M | ||
| Q2 24 | $454.5M | $49.4M |
自由现金流APPBURL
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $-109.6M | ||
| Q3 25 | — | $-101.0K | ||
| Q2 25 | — | $-438.6M | ||
| Q1 25 | — | $189.8M | ||
| Q4 24 | — | $-56.2M | ||
| Q3 24 | — | $-35.2M | ||
| Q2 24 | — | $-115.5M |
自由现金流率APPBURL
| Q1 26 | 79.0% | — | ||
| Q4 25 | — | -4.1% | ||
| Q3 25 | — | -0.0% | ||
| Q2 25 | — | -17.5% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | — | -2.2% | ||
| Q3 24 | — | -1.4% | ||
| Q2 24 | — | -4.9% |
资本支出强度APPBURL
| Q1 26 | — | — | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 16.4% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 7.0% |
现金转化率APPBURL
| Q1 26 | 3.60× | — | ||
| Q4 25 | 1.19× | 1.37× | ||
| Q3 25 | 1.26× | 1.91× | ||
| Q2 25 | 0.94× | -0.29× | ||
| Q1 25 | 1.44× | 2.08× | ||
| Q4 24 | 1.17× | 1.22× | ||
| Q3 24 | 1.27× | 2.18× | ||
| Q2 24 | 1.47× | 0.63× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
