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AppLovin Corp（APP）与诺唯真游轮控股（LINE）财务数据对比。点击上方公司名可切换其他公司
AppLovin Corp的季度营收约是诺唯真游轮控股的1.4倍（$1.8B vs $1.3B），AppLovin Corp净利率更高（65.5% vs -3.9%，领先69.4%），AppLovin Corp同比增速更快（59.0% vs 0.4%），过去两年AppLovin Corp的营收复合增速更高（30.6% vs -1.2%）
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。
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
APP vs LINE — 直观对比
营收规模更大
APP
是对方的1.4倍
$1.3B
营收增速更快
APP
高出58.6%
0.4%
净利率更高
APP
高出69.4%
-3.9%
两年增速更快
APP
近两年复合增速
-1.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.3B |
| 净利润 | $1.2B | $-51.0M |
| 毛利率 | 88.9% | — |
| 营业利润率 | 78.2% | 2.8% |
| 净利率 | 65.5% | -3.9% |
| 营收同比 | 59.0% | 0.4% |
| 净利润同比 | 109.2% | — |
| 每股收益（稀释后） | $3.56 | $-0.18 |
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APPLINE
| Q1 26 | $1.8B | $1.3B | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B |
净利润APPLINE
| Q1 26 | $1.2B | $-51.0M | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $835.5M | $-100.0M | ||
| Q2 25 | $819.5M | $-6.0M | ||
| Q1 25 | $576.4M | $0 | ||
| Q4 24 | $599.2M | $-71.0M | ||
| Q3 24 | $434.4M | $-485.0M | ||
| Q2 24 | $310.0M | $-68.0M |
毛利率APPLINE
| Q1 26 | 88.9% | — | ||
| Q4 25 | 95.2% | — | ||
| Q3 25 | 87.6% | 32.3% | ||
| Q2 25 | 87.7% | 31.9% | ||
| Q1 25 | 81.7% | 32.2% | ||
| Q4 24 | 76.7% | 32.3% | ||
| Q3 24 | 77.5% | 32.8% | ||
| Q2 24 | 73.8% | 33.4% |
营业利润率APPLINE
| Q1 26 | 78.2% | 2.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | 76.8% | 2.5% | ||
| Q2 25 | 76.1% | 1.7% | ||
| Q1 25 | 44.7% | 4.3% | ||
| Q4 24 | 44.3% | -1.6% | ||
| Q3 24 | 44.6% | -38.6% | ||
| Q2 24 | 36.2% | 5.5% |
净利率APPLINE
| Q1 26 | 65.5% | -3.9% | ||
| Q4 25 | 82.7% | — | ||
| Q3 25 | 59.5% | -7.3% | ||
| Q2 25 | 65.1% | -0.4% | ||
| Q1 25 | 38.8% | — | ||
| Q4 24 | 43.6% | -5.3% | ||
| Q3 24 | 36.3% | -36.3% | ||
| Q2 24 | 28.7% | -5.1% |
每股收益（稀释后）APPLINE
| Q1 26 | $3.56 | $-0.18 | ||
| Q4 25 | $3.24 | — | ||
| Q3 25 | $2.45 | $-0.44 | ||
| Q2 25 | $2.39 | $-0.03 | ||
| Q1 25 | $1.67 | $0.01 | ||
| Q4 24 | $1.72 | $-0.52 | ||
| Q3 24 | $1.25 | $-2.44 | ||
| Q2 24 | $0.89 | $-0.46 |
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 | — |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.4B | $8.1B |
| 总资产 | $7.7B | $19.0B |
| 负债/权益比越低杠杆越低 | 1.49× | — |
8季度趋势，按日历期对齐
现金及短期投资APPLINE
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $551.0M | — | ||
| Q4 24 | $741.4M | $173.0M | ||
| Q3 24 | $567.6M | $409.0M | ||
| Q2 24 | $460.4M | $73.0M |
总债务APPLINE
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APPLINE
| Q1 26 | $2.4B | $8.1B | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.5B | $8.4B | ||
| Q2 25 | $1.2B | $8.6B | ||
| Q1 25 | $575.4M | $8.6B | ||
| Q4 24 | $1.1B | $8.6B | ||
| Q3 24 | $938.2M | $9.0B | ||
| Q2 24 | $814.8M | $4.9B |
总资产APPLINE
| Q1 26 | $7.7B | $19.0B | ||
| Q4 25 | $7.3B | — | ||
| Q3 25 | $6.3B | $19.2B | ||
| Q2 25 | $6.0B | $19.4B | ||
| Q1 25 | $5.7B | $18.8B | ||
| Q4 24 | $5.9B | $18.7B | ||
| Q3 24 | $5.4B | $19.3B | ||
| Q2 24 | $5.3B | $18.8B |
负债/权益比APPLINE
| Q1 26 | 1.49× | — | ||
| Q4 25 | 1.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | — | ||
| 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 | $130.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | — |
| 自由现金流率自由现金流/营收 | 69.8% | — |
| 资本支出强度资本支出/营收 | — | 2.4% |
| 现金转化率经营现金流/净利润 | 1.07× | — |
| 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APPLINE
| Q1 26 | $1.3B | $130.0M | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | $230.0M | ||
| Q2 25 | $772.2M | $258.0M | ||
| Q1 25 | $831.7M | $139.0M | ||
| Q4 24 | $701.0M | — | ||
| Q3 24 | $550.7M | $186.0M | ||
| Q2 24 | $454.5M | $155.0M |
自由现金流APPLINE
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $95.0M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $-31.0M |
自由现金流率APPLINE
| Q1 26 | 69.8% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | -2.3% |
资本支出强度APPLINE
| Q1 26 | — | 2.4% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 13.9% |
现金转化率APPLINE
| Q1 26 | 1.07× | — | ||
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
