vs
AppLovin Corp（APP）与CRACKER BARREL OLD COUNTRY STORE, INC（CBRL）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CRACKER BARREL OLD COUNTRY STORE, INC的1.7倍（$1.3B vs $797.2M），AppLovin Corp净利率更高（82.7% vs -3.1%，领先85.8%），AppLovin Corp同比增速更快（-2.9% vs -10.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs -2.4%）
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。
Cracker Barrel是源自美国南方乡村风格的连锁餐厅与礼品店品牌，1969年由丹·埃文斯与汤米·洛创立，总部位于田纳西州黎巴嫩。品牌最初门店多开设在美国东南部和中西部的高速公路出口附近，于上世纪90年代至21世纪初逐步扩张至全美各地。
APP vs CBRL — 直观对比
营收规模更大
APP
是对方的1.7倍
$797.2M
营收增速更快
APP
高出8.0%
-10.9%
净利率更高
APP
高出85.8%
-3.1%
两年增速更快
APP
近两年复合增速
-2.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $797.2M |
| 净利润 | $1.1B | $-24.6M |
| 毛利率 | 95.2% | 68.8% |
| 营业利润率 | — | -4.1% |
| 净利率 | 82.7% | -3.1% |
| 营收同比 | -2.9% | -10.9% |
| 净利润同比 | 84.0% | -235.7% |
| 每股收益（稀释后） | $3.24 | $-1.10 |
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APPCBRL
| Q4 25 | $1.3B | $797.2M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.3B | $821.1M | ||
| Q1 25 | $1.5B | $949.4M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.2B | $894.4M | ||
| Q2 24 | $1.1B | $817.1M | ||
| Q1 24 | $1.1B | $935.4M |
净利润APPCBRL
| Q4 25 | $1.1B | $-24.6M | ||
| Q3 25 | $835.5M | — | ||
| Q2 25 | $819.5M | $12.6M | ||
| Q1 25 | $576.4M | $22.2M | ||
| Q4 24 | $599.2M | — | ||
| Q3 24 | $434.4M | $18.1M | ||
| Q2 24 | $310.0M | $-9.2M | ||
| Q1 24 | $236.2M | $26.5M |
毛利率APPCBRL
| Q4 25 | 95.2% | 68.8% | ||
| Q3 25 | 87.6% | — | ||
| Q2 25 | 87.7% | 69.9% | ||
| Q1 25 | 81.7% | 67.4% | ||
| Q4 24 | 76.7% | — | ||
| Q3 24 | 77.5% | 69.6% | ||
| Q2 24 | 73.8% | 70.0% | ||
| Q1 24 | 72.2% | 66.3% |
营业利润率APPCBRL
| Q4 25 | — | -4.1% | ||
| Q3 25 | 76.8% | — | ||
| Q2 25 | 76.1% | 1.8% | ||
| Q1 25 | 44.7% | 3.1% | ||
| Q4 24 | 44.3% | — | ||
| Q3 24 | 44.6% | 2.5% | ||
| Q2 24 | 36.2% | -2.4% | ||
| Q1 24 | 32.1% | 3.3% |
净利率APPCBRL
| Q4 25 | 82.7% | -3.1% | ||
| Q3 25 | 59.5% | — | ||
| Q2 25 | 65.1% | 1.5% | ||
| Q1 25 | 38.8% | 2.3% | ||
| Q4 24 | 43.6% | — | ||
| Q3 24 | 36.3% | 2.0% | ||
| Q2 24 | 28.7% | -1.1% | ||
| Q1 24 | 22.3% | 2.8% |
每股收益（稀释后）APPCBRL
| Q4 25 | $3.24 | $-1.10 | ||
| Q3 25 | $2.45 | — | ||
| Q2 25 | $2.39 | $0.56 | ||
| Q1 25 | $1.67 | $0.99 | ||
| Q4 24 | $1.72 | — | ||
| Q3 24 | $1.25 | $0.80 | ||
| Q2 24 | $0.89 | $-0.41 | ||
| Q1 24 | $0.67 | $1.19 |
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 | $8.9M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.1B | $428.8M |
| 总资产 | $7.3B | $2.2B |
| 负债/权益比越低杠杆越低 | 1.65× | — |
8季度趋势，按日历期对齐
现金及短期投资APPCBRL
| Q4 25 | $2.5B | $8.9M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.2B | $9.8M | ||
| Q1 25 | $551.0M | $10.3M | ||
| Q4 24 | $741.4M | — | ||
| Q3 24 | $567.6M | $12.0M | ||
| Q2 24 | $460.4M | $11.9M | ||
| Q1 24 | $436.3M | $12.6M |
总债务APPCBRL
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APPCBRL
| Q4 25 | $2.1B | $428.8M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.2B | $469.3M | ||
| Q1 25 | $575.4M | $460.9M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $938.2M | $440.1M | ||
| Q2 24 | $814.8M | $426.6M | ||
| Q1 24 | $760.2M | $462.0M |
总资产APPCBRL
| Q4 25 | $7.3B | $2.2B | ||
| Q3 25 | $6.3B | — | ||
| Q2 25 | $6.0B | $2.1B | ||
| Q1 25 | $5.7B | $2.1B | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $5.4B | $2.2B | ||
| Q2 24 | $5.3B | $2.2B | ||
| Q1 24 | $5.3B | $2.2B |
负债/权益比APPCBRL
| Q4 25 | 1.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-53.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-88.9M |
| 自由现金流率自由现金流/营收 | — | -11.2% |
| 资本支出强度资本支出/营收 | — | 4.5% |
| 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APPCBRL
| Q4 25 | $1.3B | $-53.4M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $772.2M | $23.0M | ||
| Q1 25 | $831.7M | — | ||
| Q4 24 | $701.0M | — | ||
| Q3 24 | $550.7M | $69.5M | ||
| Q2 24 | $454.5M | $37.6M | ||
| Q1 24 | $392.8M | $77.7M |
自由现金流APPCBRL
| Q4 25 | — | $-88.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-13.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $22.1M | ||
| Q2 24 | — | $8.2M | ||
| Q1 24 | — | $50.9M |
自由现金流率APPCBRL
| Q4 25 | — | -11.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -1.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 5.4% |
资本支出强度APPCBRL
| Q4 25 | — | 4.5% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.6% | ||
| Q1 24 | — | 2.9% |
现金转化率APPCBRL
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 0.94× | 1.83× | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | 3.83× | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 1.66× | 2.93× |
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% |
CBRL
| Restaurant | $650.6M | 82% |
| Retail | $146.6M | 18% |
