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AppLovin Corp（APP）与CARLISLE COMPANIES INC（CSL）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CARLISLE COMPANIES INC的1.3倍（$1.3B vs $1.1B），AppLovin Corp净利率更高（82.7% vs 12.1%，领先70.6%），AppLovin Corp同比增速更快（-2.9% vs -4.0%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs -14.8%）
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。
卡莱尔公司是专业建筑产品供应商，聚焦于提升建筑能效与稳固性，面向商业建筑领域生产销售单层屋面产品、质保系统及配套配件，旗下设有卡莱尔建筑材料、卡莱尔防水技术两大业务板块，产品涵盖防潮材料、屋面防护层等多个品类。
APP vs CSL — 直观对比
营收规模更大
APP
是对方的1.3倍
$1.1B
营收增速更快
APP
高出1.1%
-4.0%
净利率更高
APP
高出70.6%
12.1%
两年增速更快
APP
近两年复合增速
-14.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.1B |
| 净利润 | $1.1B | $127.7M |
| 毛利率 | 95.2% | 34.5% |
| 营业利润率 | — | 17.1% |
| 净利率 | 82.7% | 12.1% |
| 营收同比 | -2.9% | -4.0% |
| 净利润同比 | 84.0% | -10.9% |
| 每股收益（稀释后） | $3.24 | $3.10 |
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APPCSL
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $1.5B |
净利润APPCSL
| Q1 26 | — | $127.7M | ||
| Q4 25 | $1.1B | $127.4M | ||
| Q3 25 | $835.5M | $214.2M | ||
| Q2 25 | $819.5M | $255.8M | ||
| Q1 25 | $576.4M | $143.3M | ||
| Q4 24 | $599.2M | $162.8M | ||
| Q3 24 | $434.4M | $244.3M | ||
| Q2 24 | $310.0M | $712.4M |
毛利率APPCSL
| Q1 26 | — | 34.5% | ||
| Q4 25 | 95.2% | 33.8% | ||
| Q3 25 | 87.6% | 36.0% | ||
| Q2 25 | 87.7% | 37.3% | ||
| Q1 25 | 81.7% | 35.2% | ||
| Q4 24 | 76.7% | 36.1% | ||
| Q3 24 | 77.5% | 38.6% | ||
| Q2 24 | 73.8% | 39.2% |
营业利润率APPCSL
| Q1 26 | — | 17.1% | ||
| Q4 25 | — | 16.8% | ||
| Q3 25 | 76.8% | 21.8% | ||
| Q2 25 | 76.1% | 23.1% | ||
| Q1 25 | 44.7% | 16.8% | ||
| Q4 24 | 44.3% | 19.9% | ||
| Q3 24 | 44.6% | 23.7% | ||
| Q2 24 | 36.2% | 26.0% |
净利率APPCSL
| Q1 26 | — | 12.1% | ||
| Q4 25 | 82.7% | 11.3% | ||
| Q3 25 | 59.5% | 15.9% | ||
| Q2 25 | 65.1% | 17.6% | ||
| Q1 25 | 38.8% | 13.1% | ||
| Q4 24 | 43.6% | 14.5% | ||
| Q3 24 | 36.3% | 18.3% | ||
| Q2 24 | 28.7% | 49.1% |
每股收益（稀释后）APPCSL
| Q1 26 | — | $3.10 | ||
| Q4 25 | $3.24 | $3.06 | ||
| Q3 25 | $2.45 | $4.98 | ||
| Q2 25 | $2.39 | $5.88 | ||
| Q1 25 | $1.67 | $3.20 | ||
| Q4 24 | $1.72 | $3.76 | ||
| Q3 24 | $1.25 | $5.25 | ||
| Q2 24 | $0.89 | $14.84 |
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 | $771.3M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.1B | $1.7B |
| 总资产 | $7.3B | — |
| 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APPCSL
| Q1 26 | — | $771.3M | ||
| Q4 25 | $2.5B | $1.1B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.2B | $68.4M | ||
| Q1 25 | $551.0M | $220.2M | ||
| Q4 24 | $741.4M | $753.5M | ||
| Q3 24 | $567.6M | $1.5B | ||
| Q2 24 | $460.4M | $1.7B |
总债务APPCSL
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | $3.5B | $1.9B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益APPCSL
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.1B | $1.8B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $575.4M | $2.2B | ||
| Q4 24 | $1.1B | $2.5B | ||
| Q3 24 | $938.2M | $2.8B | ||
| Q2 24 | $814.8M | $3.0B |
总资产APPCSL
| Q1 26 | — | — | ||
| Q4 25 | $7.3B | $6.3B | ||
| Q3 25 | $6.3B | $6.5B | ||
| Q2 25 | $6.0B | $5.5B | ||
| Q1 25 | $5.7B | $5.5B | ||
| Q4 24 | $5.9B | $5.8B | ||
| Q3 24 | $5.4B | $6.5B | ||
| Q2 24 | $5.3B | $6.7B |
负债/权益比APPCSL
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 1.61× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | 3.22× | 0.77× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | 0.76× |
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 | — | $-73.0M |
| 自由现金流率自由现金流/营收 | — | -6.9% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 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 | — | $924.8M |
8季度趋势，按日历期对齐
经营现金流APPCSL
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $386.0M | ||
| Q3 25 | $1.1B | $426.9M | ||
| Q2 25 | $772.2M | $287.1M | ||
| Q1 25 | $831.7M | $1.8M | ||
| Q4 24 | $701.0M | $370.6M | ||
| Q3 24 | $550.7M | $312.8M | ||
| Q2 24 | $454.5M | $183.4M |
自由现金流APPCSL
| Q1 26 | — | $-73.0M | ||
| Q4 25 | — | $346.1M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $258.3M | ||
| Q1 25 | — | $-27.2M | ||
| Q4 24 | — | $334.0M | ||
| Q3 24 | — | $293.5M | ||
| Q2 24 | — | $158.5M |
自由现金流率APPCSL
| Q1 26 | — | -6.9% | ||
| Q4 25 | — | 30.7% | ||
| Q3 25 | — | 29.2% | ||
| Q2 25 | — | 17.8% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 29.7% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 10.9% |
资本支出强度APPCSL
| Q1 26 | — | 2.7% | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 1.7% |
现金转化率APPCSL
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | 3.03× | ||
| Q3 25 | 1.26× | 1.99× | ||
| Q2 25 | 0.94× | 1.12× | ||
| Q1 25 | 1.44× | 0.01× | ||
| Q4 24 | 1.17× | 2.28× | ||
| Q3 24 | 1.27× | 1.28× | ||
| Q2 24 | 1.47× | 0.26× |
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% |
CSL
| CCM | $758.0M | 72% |
| CWT | $294.0M | 28% |
