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AppLovin Corp（APP）与LCI INDUSTRIES（LCII）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LCI INDUSTRIES的1.4倍（$1.3B vs $932.7M），AppLovin Corp净利率更高（82.7% vs 2.0%，领先80.7%），LCI INDUSTRIES同比增速更快（16.1% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs -1.8%）
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。
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
APP vs LCII — 直观对比
营收规模更大
APP
是对方的1.4倍
$932.7M
营收增速更快
LCII
高出19.0%
-2.9%
净利率更高
APP
高出80.7%
2.0%
两年增速更快
APP
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $932.7M |
| 净利润 | $1.1B | $18.7M |
| 毛利率 | 95.2% | 22.1% |
| 营业利润率 | — | 3.8% |
| 净利率 | 82.7% | 2.0% |
| 营收同比 | -2.9% | 16.1% |
| 净利润同比 | 84.0% | 95.7% |
| 每股收益（稀释后） | $3.24 | $0.79 |
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APPLCII
| Q4 25 | $1.3B | $932.7M | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.4B | $803.1M | ||
| Q3 24 | $1.2B | $915.5M | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.1B | $968.0M |
净利润APPLCII
| Q4 25 | $1.1B | $18.7M | ||
| Q3 25 | $835.5M | $62.5M | ||
| Q2 25 | $819.5M | $57.6M | ||
| Q1 25 | $576.4M | $49.4M | ||
| Q4 24 | $599.2M | $9.5M | ||
| Q3 24 | $434.4M | $35.6M | ||
| Q2 24 | $310.0M | $61.2M | ||
| Q1 24 | $236.2M | $36.5M |
毛利率APPLCII
| Q4 25 | 95.2% | 22.1% | ||
| Q3 25 | 87.6% | 24.4% | ||
| Q2 25 | 87.7% | 24.4% | ||
| Q1 25 | 81.7% | 24.1% | ||
| Q4 24 | 76.7% | 21.1% | ||
| Q3 24 | 77.5% | 24.0% | ||
| Q2 24 | 73.8% | 25.3% | ||
| Q1 24 | 72.2% | 23.1% |
营业利润率APPLCII
| Q4 25 | — | 3.8% | ||
| Q3 25 | 76.8% | 7.3% | ||
| Q2 25 | 76.1% | 7.9% | ||
| Q1 25 | 44.7% | 7.8% | ||
| Q4 24 | 44.3% | 2.0% | ||
| Q3 24 | 44.6% | 5.9% | ||
| Q2 24 | 36.2% | 8.6% | ||
| Q1 24 | 32.1% | 6.0% |
净利率APPLCII
| Q4 25 | 82.7% | 2.0% | ||
| Q3 25 | 59.5% | 6.0% | ||
| Q2 25 | 65.1% | 5.2% | ||
| Q1 25 | 38.8% | 4.7% | ||
| Q4 24 | 43.6% | 1.2% | ||
| Q3 24 | 36.3% | 3.9% | ||
| Q2 24 | 28.7% | 5.8% | ||
| Q1 24 | 22.3% | 3.8% |
每股收益（稀释后）APPLCII
| Q4 25 | $3.24 | $0.79 | ||
| Q3 25 | $2.45 | $2.55 | ||
| Q2 25 | $2.39 | $2.29 | ||
| Q1 25 | $1.67 | $1.94 | ||
| Q4 24 | $1.72 | $0.37 | ||
| Q3 24 | $1.25 | $1.39 | ||
| Q2 24 | $0.89 | $2.40 | ||
| Q1 24 | $0.67 | $1.44 |
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 | $222.6M |
| 总债务越低越好 | $3.5B | $945.2M |
| 股东权益账面价值 | $2.1B | $1.4B |
| 总资产 | $7.3B | $3.2B |
| 负债/权益比越低杠杆越低 | 1.65× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资APPLCII
| Q4 25 | $2.5B | $222.6M | ||
| Q3 25 | $1.7B | $199.7M | ||
| Q2 25 | $1.2B | $191.9M | ||
| Q1 25 | $551.0M | $231.2M | ||
| Q4 24 | $741.4M | $165.8M | ||
| Q3 24 | $567.6M | $161.2M | ||
| Q2 24 | $460.4M | $130.4M | ||
| Q1 24 | $436.3M | $22.6M |
总债务APPLCII
| Q4 25 | $3.5B | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | $3.5B | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M | ||
| Q1 24 | — | $855.3M |
股东权益APPLCII
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $575.4M | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $938.2M | $1.4B | ||
| Q2 24 | $814.8M | $1.4B | ||
| Q1 24 | $760.2M | $1.4B |
总资产APPLCII
| Q4 25 | $7.3B | $3.2B | ||
| Q3 25 | $6.3B | $3.2B | ||
| Q2 25 | $6.0B | $3.2B | ||
| Q1 25 | $5.7B | $3.1B | ||
| Q4 24 | $5.9B | $2.9B | ||
| Q3 24 | $5.4B | $3.0B | ||
| Q2 24 | $5.3B | $3.0B | ||
| Q1 24 | $5.3B | $3.0B |
负债/权益比APPLCII
| Q4 25 | 1.65× | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 3.22× | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $78.9M |
| 自由现金流经营现金流 - 资本支出 | — | $64.3M |
| 自由现金流率自由现金流/营收 | — | 6.9% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | 1.19× | 4.22× |
| 过去12个月自由现金流最近4个季度 | — | $278.3M |
8季度趋势，按日历期对齐
经营现金流APPLCII
| Q4 25 | $1.3B | $78.9M | ||
| Q3 25 | $1.1B | $97.2M | ||
| Q2 25 | $772.2M | $112.2M | ||
| Q1 25 | $831.7M | $42.7M | ||
| Q4 24 | $701.0M | $106.6M | ||
| Q3 24 | $550.7M | $78.4M | ||
| Q2 24 | $454.5M | $192.9M | ||
| Q1 24 | $392.8M | $-7.7M |
自由现金流APPLCII
| Q4 25 | — | $64.3M | ||
| Q3 25 | — | $80.9M | ||
| Q2 25 | — | $99.5M | ||
| Q1 25 | — | $33.7M | ||
| Q4 24 | — | $95.7M | ||
| Q3 24 | — | $68.3M | ||
| Q2 24 | — | $180.2M | ||
| Q1 24 | — | $-16.3M |
自由现金流率APPLCII
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 17.1% | ||
| Q1 24 | — | -1.7% |
资本支出强度APPLCII
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 0.9% |
现金转化率APPLCII
| Q4 25 | 1.19× | 4.22× | ||
| Q3 25 | 1.26× | 1.55× | ||
| Q2 25 | 0.94× | 1.95× | ||
| Q1 25 | 1.44× | 0.86× | ||
| Q4 24 | 1.17× | 11.17× | ||
| Q3 24 | 1.27× | 2.20× | ||
| Q2 24 | 1.47× | 3.15× | ||
| Q1 24 | 1.66× | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
