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AppLovin Corp（APP）与DigitalOcean Holdings, Inc.（DOCN）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DigitalOcean Holdings, Inc.的5.5倍（$1.3B vs $242.4M）。AppLovin Corp净利率更高（82.7% vs 10.6%，领先72.1%）。DigitalOcean Holdings, Inc.同比增速更快（18.3% vs -2.9%）。过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 12.2%）
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。
DigitalOcean Holdings, Inc.是美国跨国科技企业及云服务提供商，总部位于美国科罗拉多州布鲁姆菲尔德，在全球布局15个数据中心，面向开发者、初创企业及中小微企业提供稳定易用的云基础设施即服务平台，助力各类技术团队高效开展业务。
APP vs DOCN — 直观对比
营收规模更大
APP
是对方的5.5倍
$242.4M
营收增速更快
DOCN
高出21.2%
-2.9%
净利率更高
APP
高出72.1%
10.6%
两年增速更快
DOCN
近两年复合增速
12.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $242.4M |
| 净利润 | $1.1B | $25.7M |
| 毛利率 | 95.2% | 58.7% |
| 营业利润率 | — | 16.0% |
| 净利率 | 82.7% | 10.6% |
| 营收同比 | -2.9% | 18.3% |
| 净利润同比 | 84.0% | 40.5% |
| 每股收益（稀释后） | $3.24 | $0.23 |
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APPDOCN
| Q4 25 | $1.3B | $242.4M | ||
| Q3 25 | $1.4B | $229.6M | ||
| Q2 25 | $1.3B | $218.7M | ||
| Q1 25 | $1.5B | $210.7M | ||
| Q4 24 | $1.4B | $204.9M | ||
| Q3 24 | $1.2B | $198.5M | ||
| Q2 24 | $1.1B | $192.5M | ||
| Q1 24 | $1.1B | $184.7M |
净利润APPDOCN
| Q4 25 | $1.1B | $25.7M | ||
| Q3 25 | $835.5M | $158.4M | ||
| Q2 25 | $819.5M | $37.0M | ||
| Q1 25 | $576.4M | $38.2M | ||
| Q4 24 | $599.2M | $18.3M | ||
| Q3 24 | $434.4M | $32.9M | ||
| Q2 24 | $310.0M | $19.1M | ||
| Q1 24 | $236.2M | $14.1M |
毛利率APPDOCN
| Q4 25 | 95.2% | 58.7% | ||
| Q3 25 | 87.6% | 59.6% | ||
| Q2 25 | 87.7% | 59.9% | ||
| Q1 25 | 81.7% | 61.4% | ||
| Q4 24 | 76.7% | 57.1% | ||
| Q3 24 | 77.5% | 60.2% | ||
| Q2 24 | 73.8% | 61.0% | ||
| Q1 24 | 72.2% | 60.7% |
营业利润率APPDOCN
| Q4 25 | — | 16.0% | ||
| Q3 25 | 76.8% | 19.6% | ||
| Q2 25 | 76.1% | 16.3% | ||
| Q1 25 | 44.7% | 17.9% | ||
| Q4 24 | 44.3% | 15.9% | ||
| Q3 24 | 44.6% | 12.4% | ||
| Q2 24 | 36.2% | 11.6% | ||
| Q1 24 | 32.1% | 6.2% |
净利率APPDOCN
| Q4 25 | 82.7% | 10.6% | ||
| Q3 25 | 59.5% | 69.0% | ||
| Q2 25 | 65.1% | 16.9% | ||
| Q1 25 | 38.8% | 18.1% | ||
| Q4 24 | 43.6% | 8.9% | ||
| Q3 24 | 36.3% | 16.6% | ||
| Q2 24 | 28.7% | 9.9% | ||
| Q1 24 | 22.3% | 7.7% |
每股收益（稀释后）APPDOCN
| Q4 25 | $3.24 | $0.23 | ||
| Q3 25 | $2.45 | $1.51 | ||
| Q2 25 | $2.39 | $0.39 | ||
| Q1 25 | $1.67 | $0.39 | ||
| Q4 24 | $1.72 | $0.21 | ||
| Q3 24 | $1.25 | $0.33 | ||
| Q2 24 | $0.89 | $0.20 | ||
| Q1 24 | $0.67 | $0.15 |
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 | $254.5M |
| 总债务越低越好 | $3.5B | $1.3B |
| 股东权益账面价值 | $2.1B | $-28.7M |
| 总资产 | $7.3B | $1.8B |
| 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APPDOCN
| Q4 25 | $2.5B | $254.5M | ||
| Q3 25 | $1.7B | $236.6M | ||
| Q2 25 | $1.2B | $387.7M | ||
| Q1 25 | $551.0M | $360.4M | ||
| Q4 24 | $741.4M | $428.4M | ||
| Q3 24 | $567.6M | $439.9M | ||
| Q2 24 | $460.4M | $443.1M | ||
| Q1 24 | $436.3M | $419.1M |
总债务APPDOCN
| Q4 25 | $3.5B | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APPDOCN
| Q4 25 | $2.1B | $-28.7M | ||
| Q3 25 | $1.5B | $-69.6M | ||
| Q2 25 | $1.2B | $-175.2M | ||
| Q1 25 | $575.4M | $-210.7M | ||
| Q4 24 | $1.1B | $-203.0M | ||
| Q3 24 | $938.2M | $-211.7M | ||
| Q2 24 | $814.8M | $-253.8M | ||
| Q1 24 | $760.2M | $-286.1M |
总资产APPDOCN
| Q4 25 | $7.3B | $1.8B | ||
| Q3 25 | $6.3B | $1.7B | ||
| Q2 25 | $6.0B | $1.7B | ||
| Q1 25 | $5.7B | $1.6B | ||
| Q4 24 | $5.9B | $1.6B | ||
| Q3 24 | $5.4B | $1.5B | ||
| Q2 24 | $5.3B | $1.5B | ||
| Q1 24 | $5.3B | $1.5B |
负债/权益比APPDOCN
| 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 | $57.3M |
| 自由现金流经营现金流 - 资本支出 | — | $31.1M |
| 自由现金流率自由现金流/营收 | — | 12.8% |
| 资本支出强度资本支出/营收 | — | 10.8% |
| 现金转化率经营现金流/净利润 | 1.19× | 2.23× |
| 过去12个月自由现金流最近4个季度 | — | $180.5M |
8季度趋势，按日历期对齐
经营现金流APPDOCN
| Q4 25 | $1.3B | $57.3M | ||
| Q3 25 | $1.1B | $95.8M | ||
| Q2 25 | $772.2M | $92.4M | ||
| Q1 25 | $831.7M | $64.1M | ||
| Q4 24 | $701.0M | $71.3M | ||
| Q3 24 | $550.7M | $73.4M | ||
| Q2 24 | $454.5M | $71.3M | ||
| Q1 24 | $392.8M | $66.7M |
自由现金流APPDOCN
| Q4 25 | — | $31.1M | ||
| Q3 25 | — | $88.0M | ||
| Q2 25 | — | $59.3M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $26.1M | ||
| Q3 24 | — | $16.0M | ||
| Q2 24 | — | $39.5M | ||
| Q1 24 | — | $23.0M |
自由现金流率APPDOCN
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 38.3% | ||
| Q2 25 | — | 27.1% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 20.5% | ||
| Q1 24 | — | 12.5% |
资本支出强度APPDOCN
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | — | 23.6% |
现金转化率APPDOCN
| Q4 25 | 1.19× | 2.23× | ||
| Q3 25 | 1.26× | 0.60× | ||
| Q2 25 | 0.94× | 2.50× | ||
| Q1 25 | 1.44× | 1.68× | ||
| Q4 24 | 1.17× | 3.91× | ||
| Q3 24 | 1.27× | 2.23× | ||
| Q2 24 | 1.47× | 3.73× | ||
| Q1 24 | 1.66× | 4.72× |
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
暂无分部数据
DOCN
| Scalers | $84.3M | 35% |
| Scalers Plus | $69.9M | 29% |
| Builders | $64.1M | 26% |
| Learners Testers And Other | $24.1M | 10% |
