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AppLovin Corp（APP）与FIVE BELOW, INC（FIVE）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FIVE BELOW, INC的1.3倍（$1.3B vs $1.0B），AppLovin Corp净利率更高（82.7% vs 3.5%，领先79.2%），FIVE BELOW, INC同比增速更快（23.1% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs -11.9%）
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。
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
APP vs FIVE — 直观对比
营收规模更大
APP
是对方的1.3倍
$1.0B
营收增速更快
FIVE
高出26.0%
-2.9%
净利率更高
APP
高出79.2%
3.5%
两年增速更快
APP
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.0B |
| 净利润 | $1.1B | $36.5M |
| 毛利率 | 95.2% | 33.8% |
| 营业利润率 | — | 4.2% |
| 净利率 | 82.7% | 3.5% |
| 营收同比 | -2.9% | 23.1% |
| 净利润同比 | 84.0% | 2063.9% |
| 每股收益（稀释后） | $3.24 | $0.66 |
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APPFIVE
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.3B | $970.5M | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.4B | $843.7M | ||
| Q3 24 | $1.2B | $830.1M | ||
| Q2 24 | $1.1B | $811.9M | ||
| Q1 24 | $1.1B | $1.3B |
净利润APPFIVE
| Q4 25 | $1.1B | $36.5M | ||
| Q3 25 | $835.5M | $42.8M | ||
| Q2 25 | $819.5M | $41.1M | ||
| Q1 25 | $576.4M | $187.5M | ||
| Q4 24 | $599.2M | $1.7M | ||
| Q3 24 | $434.4M | $33.0M | ||
| Q2 24 | $310.0M | $31.5M | ||
| Q1 24 | $236.2M | $202.2M |
毛利率APPFIVE
| Q4 25 | 95.2% | 33.8% | ||
| Q3 25 | 87.6% | 33.3% | ||
| Q2 25 | 87.7% | 33.4% | ||
| Q1 25 | 81.7% | 40.2% | ||
| Q4 24 | 76.7% | 30.6% | ||
| Q3 24 | 77.5% | 32.7% | ||
| Q2 24 | 73.8% | 32.5% | ||
| Q1 24 | 72.2% | 41.2% |
营业利润率APPFIVE
| Q4 25 | — | 4.2% | ||
| Q3 25 | 76.8% | 5.1% | ||
| Q2 25 | 76.1% | 5.2% | ||
| Q1 25 | 44.7% | 17.7% | ||
| Q4 24 | 44.3% | -0.1% | ||
| Q3 24 | 44.6% | 5.0% | ||
| Q2 24 | 36.2% | 4.5% | ||
| Q1 24 | 32.1% | 20.1% |
净利率APPFIVE
| Q4 25 | 82.7% | 3.5% | ||
| Q3 25 | 59.5% | 4.2% | ||
| Q2 25 | 65.1% | 4.2% | ||
| Q1 25 | 38.8% | 13.5% | ||
| Q4 24 | 43.6% | 0.2% | ||
| Q3 24 | 36.3% | 4.0% | ||
| Q2 24 | 28.7% | 3.9% | ||
| Q1 24 | 22.3% | 15.1% |
每股收益（稀释后）APPFIVE
| Q4 25 | $3.24 | $0.66 | ||
| Q3 25 | $2.45 | $0.77 | ||
| Q2 25 | $2.39 | $0.75 | ||
| Q1 25 | $1.67 | $3.40 | ||
| Q4 24 | $1.72 | $0.03 | ||
| Q3 24 | $1.25 | $0.60 | ||
| Q2 24 | $0.89 | $0.57 | ||
| Q1 24 | $0.67 | $3.64 |
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 | $524.5M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.1B | $2.0B |
| 总资产 | $7.3B | $4.8B |
| 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APPFIVE
| Q4 25 | $2.5B | $524.5M | ||
| Q3 25 | $1.7B | $670.2M | ||
| Q2 25 | $1.2B | $624.0M | ||
| Q1 25 | $551.0M | $528.8M | ||
| Q4 24 | $741.4M | $216.6M | ||
| Q3 24 | $567.6M | $327.7M | ||
| Q2 24 | $460.4M | $369.6M | ||
| Q1 24 | $436.3M | $460.1M |
总债务APPFIVE
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APPFIVE
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $575.4M | $1.8B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $938.2M | $1.6B | ||
| Q2 24 | $814.8M | $1.6B | ||
| Q1 24 | $760.2M | $1.6B |
总资产APPFIVE
| Q4 25 | $7.3B | $4.8B | ||
| Q3 25 | $6.3B | $4.6B | ||
| Q2 25 | $6.0B | $4.5B | ||
| Q1 25 | $5.7B | $4.3B | ||
| Q4 24 | $5.9B | $4.2B | ||
| Q3 24 | $5.4B | $4.0B | ||
| Q2 24 | $5.3B | $3.9B | ||
| Q1 24 | $5.3B | $3.9B |
负债/权益比APPFIVE
| 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 | $-80.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-133.2M |
| 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 | — | 5.1% |
| 现金转化率经营现金流/净利润 | 1.19× | -2.19× |
| 过去12个月自由现金流最近4个季度 | — | $323.0M |
8季度趋势，按日历期对齐
经营现金流APPFIVE
| Q4 25 | $1.3B | $-80.1M | ||
| Q3 25 | $1.1B | $93.0M | ||
| Q2 25 | $772.2M | $132.7M | ||
| Q1 25 | $831.7M | $363.5M | ||
| Q4 24 | $701.0M | $-30.6M | ||
| Q3 24 | $550.7M | $71.3M | ||
| Q2 24 | $454.5M | $26.4M | ||
| Q1 24 | $392.8M | $407.7M |
自由现金流APPFIVE
| Q4 25 | — | $-133.2M | ||
| Q3 25 | — | $48.3M | ||
| Q2 25 | — | $96.5M | ||
| Q1 25 | — | $311.4M | ||
| Q4 24 | — | $-111.0M | ||
| Q3 24 | — | $-32.4M | ||
| Q2 24 | — | $-61.4M | ||
| Q1 24 | — | $304.6M |
自由现金流率APPFIVE
| Q4 25 | — | -12.8% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 9.9% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | -13.2% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | -7.6% | ||
| Q1 24 | — | 22.8% |
资本支出强度APPFIVE
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 12.5% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | 7.7% |
现金转化率APPFIVE
| Q4 25 | 1.19× | -2.19× | ||
| Q3 25 | 1.26× | 2.17× | ||
| Q2 25 | 0.94× | 3.22× | ||
| Q1 25 | 1.44× | 1.94× | ||
| Q4 24 | 1.17× | -18.13× | ||
| Q3 24 | 1.27× | 2.16× | ||
| Q2 24 | 1.47× | 0.84× | ||
| Q1 24 | 1.66× | 2.02× |
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% |
FIVE
暂无分部数据
