vs
AppLovin Corp（APP）与Fair Isaac（FICO）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Fair Isaac的2.6倍（$1.3B vs $512.0M），AppLovin Corp净利率更高（82.7% vs 30.9%，领先51.8%），Fair Isaac同比增速更快（16.4% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 8.6%）
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。
FICO（原Fair, Isaac and Company）是美国知名数据分析企业，1956年由比尔·费尔与厄尔·艾萨克创立，总部位于蒙大拿州博兹曼市，核心业务为信用评分服务，其推出的FICO信用分是评估消费者信贷风险的重要指标，目前已被美国消费信贷行业广泛采用。
APP vs FICO — 直观对比
营收规模更大
APP
是对方的2.6倍
$512.0M
营收增速更快
FICO
高出19.3%
-2.9%
净利率更高
APP
高出51.8%
30.9%
两年增速更快
APP
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $512.0M |
| 净利润 | $1.1B | $158.4M |
| 毛利率 | 95.2% | 83.0% |
| 营业利润率 | — | 45.7% |
| 净利率 | 82.7% | 30.9% |
| 营收同比 | -2.9% | 16.4% |
| 净利润同比 | 84.0% | 3.8% |
| 每股收益（稀释后） | $3.24 | $6.61 |
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APPFICO
| Q4 25 | $1.3B | $512.0M | ||
| Q3 25 | $1.4B | $515.8M | ||
| Q2 25 | $1.3B | $536.4M | ||
| Q1 25 | $1.5B | $498.7M | ||
| Q4 24 | $1.4B | $440.0M | ||
| Q3 24 | $1.2B | $453.8M | ||
| Q2 24 | $1.1B | $447.8M | ||
| Q1 24 | $1.1B | $433.8M |
净利润APPFICO
| Q4 25 | $1.1B | $158.4M | ||
| Q3 25 | $835.5M | $155.0M | ||
| Q2 25 | $819.5M | $181.8M | ||
| Q1 25 | $576.4M | $162.6M | ||
| Q4 24 | $599.2M | $152.5M | ||
| Q3 24 | $434.4M | $135.7M | ||
| Q2 24 | $310.0M | $126.3M | ||
| Q1 24 | $236.2M | $129.8M |
毛利率APPFICO
| Q4 25 | 95.2% | 83.0% | ||
| Q3 25 | 87.6% | 82.3% | ||
| Q2 25 | 87.7% | 83.7% | ||
| Q1 25 | 81.7% | 82.4% | ||
| Q4 24 | 76.7% | 80.1% | ||
| Q3 24 | 77.5% | 80.3% | ||
| Q2 24 | 73.8% | 80.3% | ||
| Q1 24 | 72.2% | 80.0% |
营业利润率APPFICO
| Q4 25 | — | 45.7% | ||
| Q3 25 | 76.8% | 46.0% | ||
| Q2 25 | 76.1% | 48.9% | ||
| Q1 25 | 44.7% | 49.3% | ||
| Q4 24 | 44.3% | 40.8% | ||
| Q3 24 | 44.6% | 43.4% | ||
| Q2 24 | 36.2% | 42.5% | ||
| Q1 24 | 32.1% | 44.9% |
净利率APPFICO
| Q4 25 | 82.7% | 30.9% | ||
| Q3 25 | 59.5% | 30.1% | ||
| Q2 25 | 65.1% | 33.9% | ||
| Q1 25 | 38.8% | 32.6% | ||
| Q4 24 | 43.6% | 34.7% | ||
| Q3 24 | 36.3% | 29.9% | ||
| Q2 24 | 28.7% | 28.2% | ||
| Q1 24 | 22.3% | 29.9% |
每股收益（稀释后）APPFICO
| Q4 25 | $3.24 | $6.61 | ||
| Q3 25 | $2.45 | $6.41 | ||
| Q2 25 | $2.39 | $7.40 | ||
| Q1 25 | $1.67 | $6.59 | ||
| Q4 24 | $1.72 | $6.14 | ||
| Q3 24 | $1.25 | $5.44 | ||
| Q2 24 | $0.89 | $5.05 | ||
| Q1 24 | $0.67 | $5.16 |
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 | $162.0M |
| 总债务越低越好 | $3.5B | $3.2B |
| 股东权益账面价值 | $2.1B | $-1.8B |
| 总资产 | $7.3B | $1.9B |
| 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APPFICO
| Q4 25 | $2.5B | $162.0M | ||
| Q3 25 | $1.7B | $134.1M | ||
| Q2 25 | $1.2B | $189.0M | ||
| Q1 25 | $551.0M | $146.6M | ||
| Q4 24 | $741.4M | $184.3M | ||
| Q3 24 | $567.6M | $150.7M | ||
| Q2 24 | $460.4M | $156.0M | ||
| Q1 24 | $436.3M | $135.7M |
总债务APPFICO
| Q4 25 | $3.5B | $3.2B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $3.5B | $2.4B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.0B |
股东权益APPFICO
| Q4 25 | $2.1B | $-1.8B | ||
| Q3 25 | $1.5B | $-1.7B | ||
| Q2 25 | $1.2B | $-1.4B | ||
| Q1 25 | $575.4M | $-1.1B | ||
| Q4 24 | $1.1B | $-1.1B | ||
| Q3 24 | $938.2M | $-962.7M | ||
| Q2 24 | $814.8M | $-829.3M | ||
| Q1 24 | $760.2M | $-735.7M |
总资产APPFICO
| Q4 25 | $7.3B | $1.9B | ||
| Q3 25 | $6.3B | $1.9B | ||
| Q2 25 | $6.0B | $1.9B | ||
| Q1 25 | $5.7B | $1.8B | ||
| Q4 24 | $5.9B | $1.7B | ||
| Q3 24 | $5.4B | $1.7B | ||
| Q2 24 | $5.3B | $1.7B | ||
| Q1 24 | $5.3B | $1.7B |
负债/权益比APPFICO
| 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 | $174.1M |
| 自由现金流经营现金流 - 资本支出 | — | $173.9M |
| 自由现金流率自由现金流/营收 | — | 34.0% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.10× |
| 过去12个月自由现金流最近4个季度 | — | $750.6M |
8季度趋势，按日历期对齐
经营现金流APPFICO
| Q4 25 | $1.3B | $174.1M | ||
| Q3 25 | $1.1B | $223.7M | ||
| Q2 25 | $772.2M | $286.2M | ||
| Q1 25 | $831.7M | $74.9M | ||
| Q4 24 | $701.0M | $194.0M | ||
| Q3 24 | $550.7M | $226.5M | ||
| Q2 24 | $454.5M | $213.3M | ||
| Q1 24 | $392.8M | $71.0M |
自由现金流APPFICO
| Q4 25 | — | $173.9M | ||
| Q3 25 | — | $219.5M | ||
| Q2 25 | — | $284.4M | ||
| Q1 25 | — | $72.8M | ||
| Q4 24 | — | $193.2M | ||
| Q3 24 | — | $224.7M | ||
| Q2 24 | — | $211.6M | ||
| Q1 24 | — | $67.0M |
自由现金流率APPFICO
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | 42.6% | ||
| Q2 25 | — | 53.0% | ||
| Q1 25 | — | 14.6% | ||
| Q4 24 | — | 43.9% | ||
| Q3 24 | — | 49.5% | ||
| Q2 24 | — | 47.2% | ||
| Q1 24 | — | 15.4% |
资本支出强度APPFICO
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
现金转化率APPFICO
| Q4 25 | 1.19× | 1.10× | ||
| Q3 25 | 1.26× | 1.44× | ||
| Q2 25 | 0.94× | 1.57× | ||
| Q1 25 | 1.44× | 0.46× | ||
| Q4 24 | 1.17× | 1.27× | ||
| Q3 24 | 1.27× | 1.67× | ||
| Q2 24 | 1.47× | 1.69× | ||
| Q1 24 | 1.66× | 0.55× |
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% |
FICO
| Business To Business Scores | $248.6M | 49% |
| Saa S Products | $115.7M | 23% |
| Platform Software | $73.9M | 14% |
| Business To Consumer Scores | $55.9M | 11% |
| Technology Service | $19.2M | 4% |
