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AppLovin Corp（APP）与COMFORT SYSTEMS USA INC（FIX）财务数据对比。点击上方公司名可切换其他公司
COMFORT SYSTEMS USA INC的季度营收约是AppLovin Corp的1.4倍（$2.6B vs $1.8B），AppLovin Corp净利率更高（65.5% vs 12.5%，领先53.0%），AppLovin Corp同比增速更快（59.0% vs 41.7%），AppLovin Corp自由现金流更多（$1.3B vs $402.4M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 30.6%）
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。
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
APP vs FIX — 直观对比
营收规模更大
FIX
是对方的1.4倍
$1.8B
营收增速更快
APP
高出17.3%
41.7%
净利率更高
APP
高出53.0%
12.5%
自由现金流更多
APP
多$884.3M
$402.4M
两年增速更快
FIX
近两年复合增速
30.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.6B |
| 净利润 | $1.2B | $330.8M |
| 毛利率 | 88.9% | 25.5% |
| 营业利润率 | 78.2% | 16.1% |
| 净利率 | 65.5% | 12.5% |
| 营收同比 | 59.0% | 41.7% |
| 净利润同比 | 109.2% | 126.8% |
| 每股收益（稀释后） | $3.56 | $9.35 |
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APPFIX
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.3B | $2.6B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.1B | $1.8B |
净利润APPFIX
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.1B | $330.8M | ||
| Q3 25 | $835.5M | $291.6M | ||
| Q2 25 | $819.5M | $230.8M | ||
| Q1 25 | $576.4M | $169.3M | ||
| Q4 24 | $599.2M | $145.9M | ||
| Q3 24 | $434.4M | $146.2M | ||
| Q2 24 | $310.0M | $134.0M |
毛利率APPFIX
| Q1 26 | 88.9% | — | ||
| Q4 25 | 95.2% | 25.5% | ||
| Q3 25 | 87.6% | 24.8% | ||
| Q2 25 | 87.7% | 23.5% | ||
| Q1 25 | 81.7% | 22.0% | ||
| Q4 24 | 76.7% | 23.2% | ||
| Q3 24 | 77.5% | 21.1% | ||
| Q2 24 | 73.8% | 20.1% |
营业利润率APPFIX
| Q1 26 | 78.2% | — | ||
| Q4 25 | — | 16.1% | ||
| Q3 25 | 76.8% | 15.5% | ||
| Q2 25 | 76.1% | 13.8% | ||
| Q1 25 | 44.7% | 11.4% | ||
| Q4 24 | 44.3% | 12.1% | ||
| Q3 24 | 44.6% | 11.2% | ||
| Q2 24 | 36.2% | 10.2% |
净利率APPFIX
| Q1 26 | 65.5% | — | ||
| Q4 25 | 82.7% | 12.5% | ||
| Q3 25 | 59.5% | 11.9% | ||
| Q2 25 | 65.1% | 10.6% | ||
| Q1 25 | 38.8% | 9.2% | ||
| Q4 24 | 43.6% | 7.8% | ||
| Q3 24 | 36.3% | 8.1% | ||
| Q2 24 | 28.7% | 7.4% |
每股收益（稀释后）APPFIX
| Q1 26 | $3.56 | — | ||
| Q4 25 | $3.24 | $9.35 | ||
| Q3 25 | $2.45 | $8.25 | ||
| Q2 25 | $2.39 | $6.53 | ||
| Q1 25 | $1.67 | $4.75 | ||
| Q4 24 | $1.72 | $4.08 | ||
| Q3 24 | $1.25 | $4.09 | ||
| Q2 24 | $0.89 | $3.74 |
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 | $981.9M |
| 总债务越低越好 | $3.5B | $145.2M |
| 股东权益账面价值 | $2.4B | $2.4B |
| 总资产 | $7.7B | $6.4B |
| 负债/权益比越低杠杆越低 | 1.49× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资APPFIX
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.5B | $981.9M | ||
| Q3 25 | $1.7B | $860.5M | ||
| Q2 25 | $1.2B | $331.7M | ||
| Q1 25 | $551.0M | $204.8M | ||
| Q4 24 | $741.4M | $549.9M | ||
| Q3 24 | $567.6M | $415.6M | ||
| Q2 24 | $460.4M | $199.4M |
总债务APPFIX
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $145.2M | ||
| Q3 25 | — | $136.0M | ||
| Q2 25 | — | $73.0M | ||
| Q1 25 | — | $67.8M | ||
| Q4 24 | $3.5B | $68.3M | ||
| Q3 24 | — | $62.3M | ||
| Q2 24 | — | $73.4M |
股东权益APPFIX
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $575.4M | $1.8B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $938.2M | $1.6B | ||
| Q2 24 | $814.8M | $1.5B |
总资产APPFIX
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.3B | $6.4B | ||
| Q3 25 | $6.3B | $5.8B | ||
| Q2 25 | $6.0B | $5.1B | ||
| Q1 25 | $5.7B | $4.6B | ||
| Q4 24 | $5.9B | $4.7B | ||
| Q3 24 | $5.4B | $4.4B | ||
| Q2 24 | $5.3B | $4.2B |
负债/权益比APPFIX
| Q1 26 | 1.49× | — | ||
| Q4 25 | 1.65× | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | 3.22× | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.05× |
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 | $468.5M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $402.4M |
| 自由现金流率自由现金流/营收 | 69.8% | 15.2% |
| 资本支出强度资本支出/营收 | — | 2.5% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流APPFIX
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $468.5M | ||
| Q3 25 | $1.1B | $553.3M | ||
| Q2 25 | $772.2M | $252.5M | ||
| Q1 25 | $831.7M | $-88.0M | ||
| Q4 24 | $701.0M | $210.5M | ||
| Q3 24 | $550.7M | $302.2M | ||
| Q2 24 | $454.5M | $189.9M |
自由现金流APPFIX
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $402.4M | ||
| Q3 25 | — | $517.9M | ||
| Q2 25 | — | $221.2M | ||
| Q1 25 | — | $-110.2M | ||
| Q4 24 | — | $169.8M | ||
| Q3 24 | — | $280.1M | ||
| Q2 24 | — | $166.5M |
自由现金流率APPFIX
| Q1 26 | 69.8% | — | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 21.1% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | -6.0% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 9.2% |
资本支出强度APPFIX
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.3% |
现金转化率APPFIX
| Q1 26 | 1.07× | — | ||
| Q4 25 | 1.19× | 1.42× | ||
| Q3 25 | 1.26× | 1.90× | ||
| Q2 25 | 0.94× | 1.09× | ||
| Q1 25 | 1.44× | -0.52× | ||
| Q4 24 | 1.17× | 1.44× | ||
| Q3 24 | 1.27× | 2.07× | ||
| Q2 24 | 1.47× | 1.42× |
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
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
