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AppLovin Corp（APP）与Intuit（INTU）财务数据对比。点击上方公司名可切换其他公司
Intuit的季度营收约是AppLovin Corp的2.9倍（$3.9B vs $1.3B），AppLovin Corp净利率更高（82.7% vs 11.5%，领先71.2%），Intuit同比增速更快（18.3% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 7.1%）
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。
Intuit是总部位于美国加利福尼亚州山景城的跨国商业软件企业，专注于财务软件领域，现任首席执行官为萨桑·古达齐。旗下核心产品包括报税软件TurboTax、小微企业会计软件QuickBooks、信用监测及个人理财服务Credit Karma、邮件营销平台Mailchimp，服务覆盖个人及企业财税、营销等多个场景。
APP vs INTU — 直观对比
营收规模更大
INTU
是对方的2.9倍
$1.3B
营收增速更快
INTU
高出21.2%
-2.9%
净利率更高
APP
高出71.2%
11.5%
两年增速更快
APP
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $3.9B |
| 净利润 | $1.1B | $446.0M |
| 毛利率 | 95.2% | — |
| 营业利润率 | — | 13.7% |
| 净利率 | 82.7% | 11.5% |
| 营收同比 | -2.9% | 18.3% |
| 净利润同比 | 84.0% | 126.4% |
| 每股收益（稀释后） | $3.24 | $1.59 |
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APPINTU
| Q4 25 | $1.3B | $3.9B | ||
| Q3 25 | $1.4B | $3.8B | ||
| Q2 25 | $1.3B | $7.8B | ||
| Q1 25 | $1.5B | $4.0B | ||
| Q4 24 | $1.4B | $3.3B | ||
| Q3 24 | $1.2B | $3.2B | ||
| Q2 24 | $1.1B | $6.7B | ||
| Q1 24 | $1.1B | $3.4B |
净利润APPINTU
| Q4 25 | $1.1B | $446.0M | ||
| Q3 25 | $835.5M | $381.0M | ||
| Q2 25 | $819.5M | $2.8B | ||
| Q1 25 | $576.4M | $471.0M | ||
| Q4 24 | $599.2M | $197.0M | ||
| Q3 24 | $434.4M | $-20.0M | ||
| Q2 24 | $310.0M | $2.4B | ||
| Q1 24 | $236.2M | $353.0M |
毛利率APPINTU
| 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% | — | ||
| Q1 24 | 72.2% | — |
营业利润率APPINTU
| Q4 25 | — | 13.7% | ||
| Q3 25 | 76.8% | 8.8% | ||
| Q2 25 | 76.1% | 48.0% | ||
| Q1 25 | 44.7% | 15.0% | ||
| Q4 24 | 44.3% | 8.3% | ||
| Q3 24 | 44.6% | -4.7% | ||
| Q2 24 | 36.2% | 46.1% | ||
| Q1 24 | 32.1% | 10.9% |
净利率APPINTU
| Q4 25 | 82.7% | 11.5% | ||
| Q3 25 | 59.5% | 9.9% | ||
| Q2 25 | 65.1% | 36.4% | ||
| Q1 25 | 38.8% | 11.9% | ||
| Q4 24 | 43.6% | 6.0% | ||
| Q3 24 | 36.3% | -0.6% | ||
| Q2 24 | 28.7% | 35.5% | ||
| Q1 24 | 22.3% | 10.4% |
每股收益（稀释后）APPINTU
| Q4 25 | $3.24 | $1.59 | ||
| Q3 25 | $2.45 | $1.28 | ||
| Q2 25 | $2.39 | $10.02 | ||
| Q1 25 | $1.67 | $1.67 | ||
| Q4 24 | $1.72 | $0.70 | ||
| Q3 24 | $1.25 | $-0.09 | ||
| Q2 24 | $0.89 | $8.42 | ||
| Q1 24 | $0.67 | $1.25 |
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 | $3.5B |
| 总债务越低越好 | $3.5B | $6.1B |
| 股东权益账面价值 | $2.1B | $19.3B |
| 总资产 | $7.3B | $33.2B |
| 负债/权益比越低杠杆越低 | 1.65× | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资APPINTU
| Q4 25 | $2.5B | $3.5B | ||
| Q3 25 | $1.7B | $2.9B | ||
| Q2 25 | $1.2B | $5.4B | ||
| Q1 25 | $551.0M | $2.4B | ||
| Q4 24 | $741.4M | $2.9B | ||
| Q3 24 | $567.6M | $3.6B | ||
| Q2 24 | $460.4M | $4.2B | ||
| Q1 24 | $436.3M | $1.5B |
总债务APPINTU
| Q4 25 | $3.5B | $6.1B | ||
| Q3 25 | — | $6.0B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.3B | ||
| Q4 24 | $3.5B | $6.1B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $6.0B | ||
| Q1 24 | — | $6.0B |
股东权益APPINTU
| Q4 25 | $2.1B | $19.3B | ||
| Q3 25 | $1.5B | $19.7B | ||
| Q2 25 | $1.2B | $20.1B | ||
| Q1 25 | $575.4M | $17.9B | ||
| Q4 24 | $1.1B | $18.1B | ||
| Q3 24 | $938.2M | $18.4B | ||
| Q2 24 | $814.8M | $18.8B | ||
| Q1 24 | $760.2M | $16.9B |
总资产APPINTU
| Q4 25 | $7.3B | $33.2B | ||
| Q3 25 | $6.3B | $37.0B | ||
| Q2 25 | $6.0B | $36.6B | ||
| Q1 25 | $5.7B | $31.7B | ||
| Q4 24 | $5.9B | $33.2B | ||
| Q3 24 | $5.4B | $32.1B | ||
| Q2 24 | $5.3B | $31.6B | ||
| Q1 24 | $5.3B | $29.7B |
负债/权益比APPINTU
| Q4 25 | 1.65× | 0.32× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | 3.22× | 0.34× | ||
| Q3 24 | — | 0.33× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.35× |
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 | $637.0M |
| 自由现金流经营现金流 - 资本支出 | — | $599.0M |
| 自由现金流率自由现金流/营收 | — | 15.4% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.43× |
| 过去12个月自由现金流最近4个季度 | — | $6.4B |
8季度趋势，按日历期对齐
经营现金流APPINTU
| Q4 25 | $1.3B | $637.0M | ||
| Q3 25 | $1.1B | $381.0M | ||
| Q2 25 | $772.2M | $4.4B | ||
| Q1 25 | $831.7M | $1.1B | ||
| Q4 24 | $701.0M | $362.0M | ||
| Q3 24 | $550.7M | $417.0M | ||
| Q2 24 | $454.5M | $4.0B | ||
| Q1 24 | $392.8M | $613.0M |
自由现金流APPINTU
| Q4 25 | — | $599.0M | ||
| Q3 25 | — | $366.0M | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $329.0M | ||
| Q3 24 | — | $400.0M | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $550.0M |
自由现金流率APPINTU
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | — | 56.2% | ||
| Q1 25 | — | 26.2% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 57.7% | ||
| Q1 24 | — | 16.2% |
资本支出强度APPINTU
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.9% |
现金转化率APPINTU
| Q4 25 | 1.19× | 1.43× | ||
| Q3 25 | 1.26× | 1.00× | ||
| Q2 25 | 0.94× | 1.56× | ||
| Q1 25 | 1.44× | 2.27× | ||
| Q4 24 | 1.17× | 1.84× | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.47× | 1.65× | ||
| Q1 24 | 1.66× | 1.74× |
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% |
INTU
| Quick Books Online Accounting | $1.2B | 32% |
| Product And Other | $779.0M | 20% |
| Credit Karma | $616.0M | 16% |
| Turbo Tax | $581.0M | 15% |
| Quick Books Desktop Accounting | $408.0M | 11% |
| Pro Tax | $290.0M | 7% |
