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AppLovin Corp（APP）与ITT INC.（ITT）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ITT INC.的1.3倍（$1.3B vs $1.1B），AppLovin Corp净利率更高（82.7% vs 12.5%，领先70.2%），ITT INC.同比增速更快（13.5% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 7.6%）
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。
ITT Inc是一家总部位于美国康涅狄格州斯坦福德的制造企业，前身为ITT集团，主要面向航空航天、交通、能源及工业领域供应特种零部件，旗下设有工业流程、运动技术、连接与控制技术三大业务板块。
APP vs ITT — 直观对比
营收规模更大
APP
是对方的1.3倍
$1.1B
营收增速更快
ITT
高出16.4%
-2.9%
净利率更高
APP
高出70.2%
12.5%
两年增速更快
APP
近两年复合增速
7.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.1B |
| 净利润 | $1.1B | $131.7M |
| 毛利率 | 95.2% | 35.5% |
| 营业利润率 | — | 17.0% |
| 净利率 | 82.7% | 12.5% |
| 营收同比 | -2.9% | 13.5% |
| 净利润同比 | 84.0% | 3.7% |
| 每股收益（稀释后） | $3.24 | $1.64 |
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APPITT
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.4B | $999.1M | ||
| Q2 25 | $1.3B | $972.4M | ||
| Q1 25 | $1.5B | $913.0M | ||
| Q4 24 | $1.4B | $929.0M | ||
| Q3 24 | $1.2B | $885.2M | ||
| Q2 24 | $1.1B | $905.9M | ||
| Q1 24 | $1.1B | $910.6M |
净利润APPITT
| Q4 25 | $1.1B | $131.7M | ||
| Q3 25 | $835.5M | $126.9M | ||
| Q2 25 | $819.5M | $121.0M | ||
| Q1 25 | $576.4M | $108.4M | ||
| Q4 24 | $599.2M | $127.0M | ||
| Q3 24 | $434.4M | $161.1M | ||
| Q2 24 | $310.0M | $119.2M | ||
| Q1 24 | $236.2M | $111.0M |
毛利率APPITT
| Q4 25 | 95.2% | 35.5% | ||
| Q3 25 | 87.6% | 35.6% | ||
| Q2 25 | 87.7% | 35.7% | ||
| Q1 25 | 81.7% | 34.6% | ||
| Q4 24 | 76.7% | 34.1% | ||
| Q3 24 | 77.5% | 35.5% | ||
| Q2 24 | 73.8% | 34.9% | ||
| Q1 24 | 72.2% | 33.0% |
营业利润率APPITT
| Q4 25 | — | 17.0% | ||
| Q3 25 | 76.8% | 18.0% | ||
| Q2 25 | 76.1% | 18.0% | ||
| Q1 25 | 44.7% | 16.5% | ||
| Q4 24 | 44.3% | 17.2% | ||
| Q3 24 | 44.6% | 23.5% | ||
| Q2 24 | 36.2% | 17.6% | ||
| Q1 24 | 32.1% | 16.4% |
净利率APPITT
| Q4 25 | 82.7% | 12.5% | ||
| Q3 25 | 59.5% | 12.7% | ||
| Q2 25 | 65.1% | 12.4% | ||
| Q1 25 | 38.8% | 11.9% | ||
| Q4 24 | 43.6% | 13.7% | ||
| Q3 24 | 36.3% | 18.2% | ||
| Q2 24 | 28.7% | 13.2% | ||
| Q1 24 | 22.3% | 12.2% |
每股收益（稀释后）APPITT
| Q4 25 | $3.24 | $1.64 | ||
| Q3 25 | $2.45 | $1.62 | ||
| Q2 25 | $2.39 | $1.52 | ||
| Q1 25 | $1.67 | $1.33 | ||
| Q4 24 | $1.72 | $1.54 | ||
| Q3 24 | $1.25 | $1.96 | ||
| Q2 24 | $0.89 | $1.45 | ||
| Q1 24 | $0.67 | $1.35 |
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 | $1.7B |
| 总债务越低越好 | $3.5B | $521.5M |
| 股东权益账面价值 | $2.1B | $4.1B |
| 总资产 | $7.3B | $6.3B |
| 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APPITT
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $1.7B | $516.4M | ||
| Q2 25 | $1.2B | $467.9M | ||
| Q1 25 | $551.0M | $439.8M | ||
| Q4 24 | $741.4M | $439.3M | ||
| Q3 24 | $567.6M | $460.9M | ||
| Q2 24 | $460.4M | $425.5M | ||
| Q1 24 | $436.3M | $423.0M |
总债务APPITT
| Q4 25 | $3.5B | $521.5M | ||
| Q3 25 | — | $577.7M | ||
| Q2 25 | — | $622.5M | ||
| Q1 25 | — | $4.5M | ||
| Q4 24 | $3.5B | $232.6M | ||
| Q3 24 | — | $467.8M | ||
| Q2 24 | — | $190.0M | ||
| Q1 24 | — | $230.5M |
股东权益APPITT
| Q4 25 | $2.1B | $4.1B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $575.4M | $2.8B | ||
| Q4 24 | $1.1B | $2.8B | ||
| Q3 24 | $938.2M | $2.7B | ||
| Q2 24 | $814.8M | $2.6B | ||
| Q1 24 | $760.2M | $2.6B |
总资产APPITT
| Q4 25 | $7.3B | $6.3B | ||
| Q3 25 | $6.3B | $5.1B | ||
| Q2 25 | $6.0B | $5.0B | ||
| Q1 25 | $5.7B | $4.8B | ||
| Q4 24 | $5.9B | $4.7B | ||
| Q3 24 | $5.4B | $4.9B | ||
| Q2 24 | $5.3B | $4.4B | ||
| Q1 24 | $5.3B | $4.4B |
负债/权益比APPITT
| Q4 25 | 1.65× | 0.13× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 3.22× | 0.08× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.09× |
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 | $227.8M |
| 自由现金流经营现金流 - 资本支出 | — | $187.4M |
| 自由现金流率自由现金流/营收 | — | 17.8% |
| 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× | 1.73× |
| 过去12个月自由现金流最近4个季度 | — | $547.5M |
8季度趋势，按日历期对齐
经营现金流APPITT
| Q4 25 | $1.3B | $227.8M | ||
| Q3 25 | $1.1B | $173.9M | ||
| Q2 25 | $772.2M | $153.7M | ||
| Q1 25 | $831.7M | $113.4M | ||
| Q4 24 | $701.0M | $223.2M | ||
| Q3 24 | $550.7M | $123.9M | ||
| Q2 24 | $454.5M | $157.7M | ||
| Q1 24 | $392.8M | $57.8M |
自由现金流APPITT
| Q4 25 | — | $187.4M | ||
| Q3 25 | — | $146.2M | ||
| Q2 25 | — | $137.3M | ||
| Q1 25 | — | $76.6M | ||
| Q4 24 | — | $186.8M | ||
| Q3 24 | — | $87.3M | ||
| Q2 24 | — | $134.5M | ||
| Q1 24 | — | $30.1M |
自由现金流率APPITT
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 14.6% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | 8.4% | ||
| Q4 24 | — | 20.1% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 14.8% | ||
| Q1 24 | — | 3.3% |
资本支出强度APPITT
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 3.0% |
现金转化率APPITT
| Q4 25 | 1.19× | 1.73× | ||
| Q3 25 | 1.26× | 1.37× | ||
| Q2 25 | 0.94× | 1.27× | ||
| Q1 25 | 1.44× | 1.05× | ||
| Q4 24 | 1.17× | 1.76× | ||
| Q3 24 | 1.27× | 0.77× | ||
| Q2 24 | 1.47× | 1.32× | ||
| Q1 24 | 1.66× | 0.52× |
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% |
ITT
| Industrial Process | $423.1M | 40% |
| Motion Technologies | $360.8M | 34% |
| Connect Control Technologies | $271.2M | 26% |
