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AppLovin Corp（APP）与艾玛迪斯（GDS）财务数据对比。点击上方公司名可切换其他公司
AppLovin Corp的季度营收约是艾玛迪斯的3.3倍（$1.3B vs $405.6M）。AppLovin Corp净利率更高（82.7% vs -0.1%，领先82.8%）
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。
西班牙跨国科技企业艾玛迪斯是全球领先的旅游技术服务商，面向航空、酒店、旅行社等各类旅游相关企业提供定制化软件解决方案，业务覆盖全球市场，助力旅游行业客户优化运营效率、提升服务体验。
APP vs GDS — 直观对比
营收规模更大
APP
是对方的3.3倍
$405.6M
净利率更高
APP
高出82.8%
-0.1%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $405.6M |
| 净利润 | $1.1B | $-373.0K |
| 毛利率 | 95.2% | 22.1% |
| 营业利润率 | — | — |
| 净利率 | 82.7% | -0.1% |
| 营收同比 | -2.9% | — |
| 净利润同比 | 84.0% | — |
| 每股收益（稀释后） | $3.24 | — |
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APPGDS
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | $405.6M | ||
| Q2 25 | $1.3B | $404.9M | ||
| Q1 25 | $1.5B | $375.3M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.2B | $422.6M | ||
| Q2 24 | $1.1B | $388.9M | ||
| Q1 24 | $1.1B | $363.9M |
净利润APPGDS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $835.5M | $-373.0K | ||
| Q2 25 | $819.5M | $-240.0K | ||
| Q1 25 | $576.4M | $-145.0K | ||
| Q4 24 | $599.2M | — | ||
| Q3 24 | $434.4M | $-32.9M | ||
| Q2 24 | $310.0M | $-31.9M | ||
| Q1 24 | $236.2M | $-47.8M |
毛利率APPGDS
| Q4 25 | 95.2% | — | ||
| Q3 25 | 87.6% | 22.1% | ||
| Q2 25 | 87.7% | 23.8% | ||
| Q1 25 | 81.7% | 23.7% | ||
| Q4 24 | 76.7% | — | ||
| Q3 24 | 77.5% | 22.2% | ||
| Q2 24 | 73.8% | 22.6% | ||
| Q1 24 | 72.2% | 21.8% |
营业利润率APPGDS
| Q4 25 | — | — | ||
| Q3 25 | 76.8% | — | ||
| Q2 25 | 76.1% | — | ||
| Q1 25 | 44.7% | — | ||
| Q4 24 | 44.3% | — | ||
| Q3 24 | 44.6% | 10.8% | ||
| Q2 24 | 36.2% | 11.2% | ||
| Q1 24 | 32.1% | 8.3% |
净利率APPGDS
| Q4 25 | 82.7% | — | ||
| Q3 25 | 59.5% | -0.1% | ||
| Q2 25 | 65.1% | -0.1% | ||
| Q1 25 | 38.8% | -0.0% | ||
| Q4 24 | 43.6% | — | ||
| Q3 24 | 36.3% | -7.8% | ||
| Q2 24 | 28.7% | -8.2% | ||
| Q1 24 | 22.3% | -13.1% |
每股收益（稀释后）APPGDS
| Q4 25 | $3.24 | — | ||
| Q3 25 | $2.45 | — | ||
| Q2 25 | $2.39 | — | ||
| Q1 25 | $1.67 | — | ||
| Q4 24 | $1.72 | — | ||
| Q3 24 | $1.25 | — | ||
| Q2 24 | $0.89 | — | ||
| Q1 24 | $0.67 | — |
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 | — |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.1B | $3.6B |
| 总资产 | $7.3B | $11.0B |
| 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APPGDS
| Q4 25 | $2.5B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $551.0M | — | ||
| Q4 24 | $741.4M | — | ||
| Q3 24 | $567.6M | — | ||
| Q2 24 | $460.4M | — | ||
| Q1 24 | $436.3M | — |
总债务APPGDS
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APPGDS
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.5B | $3.6B | ||
| Q2 25 | $1.2B | $3.4B | ||
| Q1 25 | $575.4M | $3.2B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $938.2M | $2.7B | ||
| Q2 24 | $814.8M | $2.6B | ||
| Q1 24 | $760.2M | $2.6B |
总资产APPGDS
| Q4 25 | $7.3B | — | ||
| Q3 25 | $6.3B | $11.0B | ||
| Q2 25 | $6.0B | $11.1B | ||
| Q1 25 | $5.7B | $10.1B | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $5.4B | $11.7B | ||
| Q2 24 | $5.3B | $10.9B | ||
| Q1 24 | $5.3B | $10.5B |
负债/权益比APPGDS
| 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 | $103.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-96.3M |
| 自由现金流率自由现金流/营收 | — | -23.7% |
| 资本支出强度资本支出/营收 | — | 49.2% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APPGDS
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | $103.5M | ||
| Q2 25 | $772.2M | $120.8M | ||
| Q1 25 | $831.7M | — | ||
| Q4 24 | $701.0M | — | ||
| Q3 24 | $550.7M | $91.4M | ||
| Q2 24 | $454.5M | — | ||
| Q1 24 | $392.8M | — |
自由现金流APPGDS
| Q4 25 | — | — | ||
| Q3 25 | — | $-96.3M | ||
| Q2 25 | — | $-55.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-321.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率APPGDS
| Q4 25 | — | — | ||
| Q3 25 | — | -23.7% | ||
| Q2 25 | — | -13.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -76.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度APPGDS
| Q4 25 | — | — | ||
| Q3 25 | — | 49.2% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 97.7% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率APPGDS
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 1.66× | — |
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
GDS
| Service revenue | $405.5M | 100% |
| Equipment sales | $2.8M | 1% |
