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AppLovin Corp（APP）与亨廷顿·英格尔斯工业（HII）财务数据对比。点击上方公司名可切换其他公司
AppLovin Corp的季度营收约是亨廷顿·英格尔斯工业的1.1倍（$1.8B vs $1.7B），AppLovin Corp净利率更高（65.5% vs 8.9%，领先56.5%），AppLovin Corp同比增速更快（59.0% vs 13.8%），AppLovin Corp自由现金流更多（$1.3B vs $-461.0M），过去两年AppLovin Corp的营收复合增速更高（30.6% vs -25.2%）
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。
亨廷顿·英格尔斯工业（简称HII）是美国规模最大的军用造船企业，同时面向政府及行业合作伙伴提供专业服务。公司于2011年3月31日从诺斯罗普·格鲁曼公司分拆成立，在防务装备建造及配套服务领域拥有深厚技术积累与行业资源。
APP vs HII — 直观对比
营收规模更大
APP
是对方的1.1倍
$1.7B
营收增速更快
APP
高出45.2%
13.8%
净利率更高
APP
高出56.5%
8.9%
自由现金流更多
APP
多$1.7B
$-461.0M
两年增速更快
APP
近两年复合增速
-25.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.7B |
| 净利润 | $1.2B | $149.0M |
| 毛利率 | 88.9% | — |
| 营业利润率 | 78.2% | 9.3% |
| 净利率 | 65.5% | 8.9% |
| 营收同比 | 59.0% | 13.8% |
| 净利润同比 | 109.2% | — |
| 每股收益（稀释后） | $3.56 | $3.79 |
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APPHII
| Q1 26 | $1.8B | $1.7B | ||
| Q4 25 | $1.3B | $3.5B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.3B | $3.1B | ||
| Q1 25 | $1.5B | $2.7B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.2B | $2.7B | ||
| Q2 24 | $1.1B | $3.0B |
净利润APPHII
| Q1 26 | $1.2B | $149.0M | ||
| Q4 25 | $1.1B | $159.0M | ||
| Q3 25 | $835.5M | $145.0M | ||
| Q2 25 | $819.5M | $152.0M | ||
| Q1 25 | $576.4M | $149.0M | ||
| Q4 24 | $599.2M | $123.0M | ||
| Q3 24 | $434.4M | $101.0M | ||
| Q2 24 | $310.0M | $173.0M |
毛利率APPHII
| Q1 26 | 88.9% | — | ||
| Q4 25 | 95.2% | — | ||
| Q3 25 | 87.6% | — | ||
| Q2 25 | 87.7% | — | ||
| Q1 25 | 81.7% | — | ||
| Q4 24 | 76.7% | — | ||
| Q3 24 | 77.5% | — | ||
| Q2 24 | 73.8% | — |
营业利润率APPHII
| Q1 26 | 78.2% | 9.3% | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | 76.8% | 5.0% | ||
| Q2 25 | 76.1% | 5.3% | ||
| Q1 25 | 44.7% | 5.9% | ||
| Q4 24 | 44.3% | 3.7% | ||
| Q3 24 | 44.6% | 3.0% | ||
| Q2 24 | 36.2% | 6.3% |
净利率APPHII
| Q1 26 | 65.5% | 8.9% | ||
| Q4 25 | 82.7% | 4.6% | ||
| Q3 25 | 59.5% | 4.5% | ||
| Q2 25 | 65.1% | 4.9% | ||
| Q1 25 | 38.8% | 5.4% | ||
| Q4 24 | 43.6% | 4.1% | ||
| Q3 24 | 36.3% | 3.7% | ||
| Q2 24 | 28.7% | 5.8% |
每股收益（稀释后）APPHII
| Q1 26 | $3.56 | $3.79 | ||
| Q4 25 | $3.24 | $4.06 | ||
| Q3 25 | $2.45 | $3.68 | ||
| Q2 25 | $2.39 | $3.86 | ||
| Q1 25 | $1.67 | $3.79 | ||
| Q4 24 | $1.72 | $3.15 | ||
| Q3 24 | $1.25 | $2.56 | ||
| Q2 24 | $0.89 | $4.38 |
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 | $216.0M |
| 总债务越低越好 | $3.5B | $2.7B |
| 股东权益账面价值 | $2.4B | $5.1B |
| 总资产 | $7.7B | $12.5B |
| 负债/权益比越低杠杆越低 | 1.49× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资APPHII
| Q1 26 | $2.8B | $216.0M | ||
| 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 | — |
总债务APPHII
| Q1 26 | $3.5B | $2.7B | ||
| Q4 25 | $3.5B | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APPHII
| Q1 26 | $2.4B | $5.1B | ||
| Q4 25 | $2.1B | $5.1B | ||
| Q3 25 | $1.5B | $5.0B | ||
| Q2 25 | $1.2B | $4.9B | ||
| Q1 25 | $575.4M | $4.8B | ||
| Q4 24 | $1.1B | $4.7B | ||
| Q3 24 | $938.2M | $4.2B | ||
| Q2 24 | $814.8M | $4.2B |
总资产APPHII
| Q1 26 | $7.7B | $12.5B | ||
| Q4 25 | $7.3B | $12.7B | ||
| Q3 25 | $6.3B | $12.3B | ||
| Q2 25 | $6.0B | $12.1B | ||
| Q1 25 | $5.7B | $12.1B | ||
| Q4 24 | $5.9B | $12.1B | ||
| Q3 24 | $5.4B | $11.1B | ||
| Q2 24 | $5.3B | $11.3B |
负债/权益比APPHII
| Q1 26 | 1.49× | 0.52× | ||
| Q4 25 | 1.65× | 0.53× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 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 | $-390.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-461.0M |
| 自由现金流率自由现金流/营收 | 69.8% | -27.7% |
| 资本支出强度资本支出/营收 | — | 4.4% |
| 现金转化率经营现金流/净利润 | 1.07× | -2.62× |
| 过去12个月自由现金流最近4个季度 | — | $795.0M |
8季度趋势，按日历期对齐
经营现金流APPHII
| Q1 26 | $1.3B | $-390.0M | ||
| Q4 25 | $1.3B | $650.0M | ||
| Q3 25 | $1.1B | $118.0M | ||
| Q2 25 | $772.2M | $823.0M | ||
| Q1 25 | $831.7M | $-395.0M | ||
| Q4 24 | $701.0M | $391.0M | ||
| Q3 24 | $550.7M | $213.0M | ||
| Q2 24 | $454.5M | $-9.0M |
自由现金流APPHII
| Q1 26 | $1.3B | $-461.0M | ||
| Q4 25 | — | $516.0M | ||
| Q3 25 | — | $13.0M | ||
| Q2 25 | — | $727.0M | ||
| Q1 25 | — | $-462.0M | ||
| Q4 24 | — | $277.0M | ||
| Q3 24 | — | $125.0M | ||
| Q2 24 | — | $-99.0M |
自由现金流率APPHII
| Q1 26 | 69.8% | -27.7% | ||
| Q4 25 | — | 14.8% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | -16.9% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | -3.3% |
资本支出强度APPHII
| Q1 26 | — | 4.4% | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.0% |
现金转化率APPHII
| Q1 26 | 1.07× | -2.62× | ||
| Q4 25 | 1.19× | 4.09× | ||
| Q3 25 | 1.26× | 0.81× | ||
| Q2 25 | 0.94× | 5.41× | ||
| Q1 25 | 1.44× | -2.65× | ||
| Q4 24 | 1.17× | 3.18× | ||
| Q3 24 | 1.27× | 2.11× | ||
| Q2 24 | 1.47× | -0.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
