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AppLovin Corp（APP）与CSX Corporation（CSX）财务数据对比。点击上方公司名可切换其他公司
CSX Corporation的季度营收约是AppLovin Corp的1.9倍（$3.5B vs $1.8B），AppLovin Corp净利率更高（65.5% vs 23.2%，领先42.3%），AppLovin Corp同比增速更快（59.0% vs 1.7%），AppLovin Corp自由现金流更多（$1.3B vs $793.0M），过去两年AppLovin Corp的营收复合增速更高（30.6% vs -3.0%）
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。
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
APP vs CSX — 直观对比
营收规模更大
CSX
是对方的1.9倍
$1.8B
营收增速更快
APP
高出57.2%
1.7%
净利率更高
APP
高出42.3%
23.2%
自由现金流更多
APP
多$493.7M
$793.0M
两年增速更快
APP
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $3.5B |
| 净利润 | $1.2B | $807.0M |
| 毛利率 | 88.9% | — |
| 营业利润率 | 78.2% | 36.0% |
| 净利率 | 65.5% | 23.2% |
| 营收同比 | 59.0% | 1.7% |
| 净利润同比 | 109.2% | 24.9% |
| 每股收益（稀释后） | $3.56 | — |
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APPCSX
| Q1 26 | $1.8B | $3.5B | ||
| Q4 25 | $1.3B | $3.5B | ||
| Q3 25 | $1.4B | $3.6B | ||
| Q2 25 | $1.3B | $3.6B | ||
| Q1 25 | $1.5B | $3.4B | ||
| Q4 24 | $1.4B | $3.5B | ||
| Q3 24 | $1.2B | $3.6B | ||
| Q2 24 | $1.1B | $3.7B |
净利润APPCSX
| Q1 26 | $1.2B | $807.0M | ||
| Q4 25 | $1.1B | $720.0M | ||
| Q3 25 | $835.5M | $694.0M | ||
| Q2 25 | $819.5M | $829.0M | ||
| Q1 25 | $576.4M | $646.0M | ||
| Q4 24 | $599.2M | $720.0M | ||
| Q3 24 | $434.4M | $894.0M | ||
| Q2 24 | $310.0M | $963.0M |
毛利率APPCSX
| 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APPCSX
| Q1 26 | 78.2% | 36.0% | ||
| Q4 25 | — | 31.6% | ||
| Q3 25 | 76.8% | 30.3% | ||
| Q2 25 | 76.1% | 35.9% | ||
| Q1 25 | 44.7% | 30.4% | ||
| Q4 24 | 44.3% | 30.8% | ||
| Q3 24 | 44.6% | 37.4% | ||
| Q2 24 | 36.2% | 39.1% |
净利率APPCSX
| Q1 26 | 65.5% | 23.2% | ||
| Q4 25 | 82.7% | 20.5% | ||
| Q3 25 | 59.5% | 19.3% | ||
| Q2 25 | 65.1% | 23.2% | ||
| Q1 25 | 38.8% | 18.9% | ||
| Q4 24 | 43.6% | 20.3% | ||
| Q3 24 | 36.3% | 24.7% | ||
| Q2 24 | 28.7% | 26.0% |
每股收益（稀释后）APPCSX
| Q1 26 | $3.56 | — | ||
| Q4 25 | $3.24 | $0.39 | ||
| Q3 25 | $2.45 | $0.37 | ||
| Q2 25 | $2.39 | $0.44 | ||
| Q1 25 | $1.67 | $0.34 | ||
| Q4 24 | $1.72 | $0.38 | ||
| Q3 24 | $1.25 | $0.46 | ||
| Q2 24 | $0.89 | $0.49 |
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 | $1.1B |
| 总债务越低越好 | $3.5B | $18.9B |
| 股东权益账面价值 | $2.4B | $13.6B |
| 总资产 | $7.7B | $44.2B |
| 负债/权益比越低杠杆越低 | 1.49× | 1.39× |
8季度趋势，按日历期对齐
现金及短期投资APPCSX
| Q1 26 | $2.8B | $1.1B | ||
| Q4 25 | $2.5B | $5.0M | ||
| Q3 25 | $1.7B | $6.0M | ||
| Q2 25 | $1.2B | $6.0M | ||
| Q1 25 | $551.0M | $8.0M | ||
| Q4 24 | $741.4M | $72.0M | ||
| Q3 24 | $567.6M | $12.0M | ||
| Q2 24 | $460.4M | $4.0M |
总债务APPCSX
| Q1 26 | $3.5B | $18.9B | ||
| Q4 25 | $3.5B | $18.2B | ||
| Q3 25 | — | $18.6B | ||
| Q2 25 | — | $18.6B | ||
| Q1 25 | — | $18.5B | ||
| Q4 24 | $3.5B | $17.9B | ||
| Q3 24 | — | $18.5B | ||
| Q2 24 | — | $18.0B |
股东权益APPCSX
| Q1 26 | $2.4B | $13.6B | ||
| Q4 25 | $2.1B | $13.2B | ||
| Q3 25 | $1.5B | $12.8B | ||
| Q2 25 | $1.2B | $12.4B | ||
| Q1 25 | $575.4M | $12.2B | ||
| Q4 24 | $1.1B | $12.5B | ||
| Q3 24 | $938.2M | $12.9B | ||
| Q2 24 | $814.8M | $12.6B |
总资产APPCSX
| Q1 26 | $7.7B | $44.2B | ||
| Q4 25 | $7.3B | $43.7B | ||
| Q3 25 | $6.3B | $43.3B | ||
| Q2 25 | $6.0B | $42.9B | ||
| Q1 25 | $5.7B | $43.2B | ||
| Q4 24 | $5.9B | $42.8B | ||
| Q3 24 | $5.4B | $43.1B | ||
| Q2 24 | $5.3B | $42.4B |
负债/权益比APPCSX
| Q1 26 | 1.49× | 1.39× | ||
| Q4 25 | 1.65× | 1.38× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.50× | ||
| Q1 25 | — | 1.52× | ||
| Q4 24 | 3.22× | 1.43× | ||
| Q3 24 | — | 1.43× | ||
| Q2 24 | — | 1.42× |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $793.0M |
| 自由现金流率自由现金流/营收 | 69.8% | 22.8% |
| 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× | 1.58× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流APPCSX
| Q1 26 | $1.3B | $1.3B | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $772.2M | $635.0M | ||
| Q1 25 | $831.7M | $1.3B | ||
| Q4 24 | $701.0M | $1.4B | ||
| Q3 24 | $550.7M | $1.7B | ||
| Q2 24 | $454.5M | $1.1B |
自由现金流APPCSX
| Q1 26 | $1.3B | $793.0M | ||
| Q4 25 | — | $709.0M | ||
| Q3 25 | — | $607.0M | ||
| Q2 25 | — | $-141.0M | ||
| Q1 25 | — | $536.0M | ||
| Q4 24 | — | $550.0M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $547.0M |
自由现金流率APPCSX
| Q1 26 | 69.8% | 22.8% | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | -3.9% | ||
| Q1 25 | — | 15.7% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | — | 14.8% |
资本支出强度APPCSX
| Q1 26 | — | — | ||
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 20.4% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 23.7% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 14.6% |
现金转化率APPCSX
| Q1 26 | 1.07× | 1.58× | ||
| Q4 25 | 1.19× | 1.93× | ||
| Q3 25 | 1.26× | 1.93× | ||
| Q2 25 | 0.94× | 0.77× | ||
| Q1 25 | 1.44× | 1.94× | ||
| Q4 24 | 1.17× | 1.93× | ||
| Q3 24 | 1.27× | 1.89× | ||
| Q2 24 | 1.47× | 1.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
