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AppLovin Corp（APP）与TechnipFMC plc（FTI）财务数据对比。点击上方公司名可切换其他公司
TechnipFMC plc的季度营收约是AppLovin Corp的1.9倍（$2.5B vs $1.3B），AppLovin Corp净利率更高（82.7% vs 9.6%，领先73.1%），TechnipFMC plc同比增速更快（6.3% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 11.0%）
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。
TechnipFMC是一家注册地位于英国的全球能源服务商，兼具法国与美国企业背景，核心业务为油气领域提供专业技术与服务支持。公司由美国FMC科技与法国Technip于2016年宣布合并，2017年正式完成组建，业务覆盖全球主要能源市场。
APP vs FTI — 直观对比
营收规模更大
FTI
是对方的1.9倍
$1.3B
营收增速更快
FTI
高出9.2%
-2.9%
净利率更高
APP
高出73.1%
9.6%
两年增速更快
APP
近两年复合增速
11.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.5B |
| 净利润 | $1.1B | $242.7M |
| 毛利率 | 95.2% | — |
| 营业利润率 | — | 12.6% |
| 净利率 | 82.7% | 9.6% |
| 营收同比 | -2.9% | 6.3% |
| 净利润同比 | 84.0% | 8.0% |
| 每股收益（稀释后） | $3.24 | $0.58 |
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APPFTI
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.5B | $2.2B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.2B | $2.3B | ||
| Q2 24 | $1.1B | $2.3B | ||
| Q1 24 | $1.1B | $2.0B |
净利润APPFTI
| Q4 25 | $1.1B | $242.7M | ||
| Q3 25 | $835.5M | $309.7M | ||
| Q2 25 | $819.5M | $269.5M | ||
| Q1 25 | $576.4M | $142.0M | ||
| Q4 24 | $599.2M | $224.7M | ||
| Q3 24 | $434.4M | $274.6M | ||
| Q2 24 | $310.0M | $186.5M | ||
| Q1 24 | $236.2M | $157.1M |
毛利率APPFTI
| Q4 25 | 95.2% | — | ||
| Q3 25 | 87.6% | — | ||
| Q2 25 | 87.7% | 23.1% | ||
| Q1 25 | 81.7% | 20.5% | ||
| Q4 24 | 76.7% | — | ||
| Q3 24 | 77.5% | — | ||
| Q2 24 | 73.8% | 21.2% | ||
| Q1 24 | 72.2% | 16.4% |
营业利润率APPFTI
| Q4 25 | — | 12.6% | ||
| Q3 25 | 76.8% | 16.5% | ||
| Q2 25 | 76.1% | 15.9% | ||
| Q1 25 | 44.7% | 12.5% | ||
| Q4 24 | 44.3% | 11.3% | ||
| Q3 24 | 44.6% | 13.7% | ||
| Q2 24 | 36.2% | 13.3% | ||
| Q1 24 | 32.1% | 12.7% |
净利率APPFTI
| Q4 25 | 82.7% | 9.6% | ||
| Q3 25 | 59.5% | 11.7% | ||
| Q2 25 | 65.1% | 10.6% | ||
| Q1 25 | 38.8% | 6.4% | ||
| Q4 24 | 43.6% | 9.5% | ||
| Q3 24 | 36.3% | 11.7% | ||
| Q2 24 | 28.7% | 8.0% | ||
| Q1 24 | 22.3% | 7.7% |
每股收益（稀释后）APPFTI
| Q4 25 | $3.24 | $0.58 | ||
| Q3 25 | $2.45 | $0.75 | ||
| Q2 25 | $2.39 | $0.64 | ||
| Q1 25 | $1.67 | $0.33 | ||
| Q4 24 | $1.72 | $0.51 | ||
| Q3 24 | $1.25 | $0.63 | ||
| Q2 24 | $0.89 | $0.42 | ||
| Q1 24 | $0.67 | $0.35 |
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 | $1.0B |
| 总债务越低越好 | $3.5B | $430.0M |
| 股东权益账面价值 | $2.1B | $3.4B |
| 总资产 | $7.3B | $10.1B |
| 负债/权益比越低杠杆越低 | 1.65× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资APPFTI
| Q4 25 | $2.5B | $1.0B | ||
| Q3 25 | $1.7B | $876.6M | ||
| Q2 25 | $1.2B | $950.0M | ||
| Q1 25 | $551.0M | $1.2B | ||
| Q4 24 | $741.4M | $1.2B | ||
| Q3 24 | $567.6M | — | ||
| Q2 24 | $460.4M | — | ||
| Q1 24 | $436.3M | — |
总债务APPFTI
| Q4 25 | $3.5B | $430.0M | ||
| Q3 25 | — | $438.0M | ||
| Q2 25 | — | $696.3M | ||
| Q1 25 | — | $904.9M | ||
| Q4 24 | $3.5B | $885.2M | ||
| Q3 24 | — | $966.7M | ||
| Q2 24 | — | $968.4M | ||
| Q1 24 | — | $1.0B |
股东权益APPFTI
| Q4 25 | $2.1B | $3.4B | ||
| Q3 25 | $1.5B | $3.3B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $575.4M | $3.1B | ||
| Q4 24 | $1.1B | $3.1B | ||
| Q3 24 | $938.2M | $3.3B | ||
| Q2 24 | $814.8M | $3.0B | ||
| Q1 24 | $760.2M | $3.0B |
总资产APPFTI
| Q4 25 | $7.3B | $10.1B | ||
| Q3 25 | $6.3B | $10.3B | ||
| Q2 25 | $6.0B | $10.1B | ||
| Q1 25 | $5.7B | $10.0B | ||
| Q4 24 | $5.9B | $9.9B | ||
| Q3 24 | $5.4B | $9.7B | ||
| Q2 24 | $5.3B | $9.2B | ||
| Q1 24 | $5.3B | $9.1B |
负债/权益比APPFTI
| Q4 25 | 1.65× | 0.13× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | 3.22× | 0.29× | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
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 | $453.6M |
| 自由现金流经营现金流 - 资本支出 | — | $359.1M |
| 自由现金流率自由现金流/营收 | — | 14.3% |
| 资本支出强度资本支出/营收 | — | 3.8% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.87× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流APPFTI
| Q4 25 | $1.3B | $453.6M | ||
| Q3 25 | $1.1B | $525.1M | ||
| Q2 25 | $772.2M | $344.2M | ||
| Q1 25 | $831.7M | $441.7M | ||
| Q4 24 | $701.0M | $578.9M | ||
| Q3 24 | $550.7M | $277.9M | ||
| Q2 24 | $454.5M | $230.9M | ||
| Q1 24 | $392.8M | $-126.7M |
自由现金流APPFTI
| Q4 25 | — | $359.1M | ||
| Q3 25 | — | $447.8M | ||
| Q2 25 | — | $260.6M | ||
| Q1 25 | — | $379.9M | ||
| Q4 24 | — | $452.7M | ||
| Q3 24 | — | $225.3M | ||
| Q2 24 | — | $180.1M | ||
| Q1 24 | — | $-178.7M |
自由现金流率APPFTI
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | -8.8% |
资本支出强度APPFTI
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 2.5% |
现金转化率APPFTI
| Q4 25 | 1.19× | 1.87× | ||
| Q3 25 | 1.26× | 1.70× | ||
| Q2 25 | 0.94× | 1.28× | ||
| Q1 25 | 1.44× | 3.11× | ||
| Q4 24 | 1.17× | 2.58× | ||
| Q3 24 | 1.27× | 1.01× | ||
| Q2 24 | 1.47× | 1.24× | ||
| Q1 24 | 1.66× | -0.81× |
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% |
FTI
| Services | $1.3B | 52% |
| Products | $1.1B | 44% |
| Other | $55.1M | 2% |
| Surface Technologies | $22.4M | 1% |
