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AppLovin Corp（APP）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是AppLovin Corp的1.4倍（$1.9B vs $1.3B），AppLovin Corp净利率更高（82.7% vs 11.9%，领先70.8%），Masco同比增速更快（6.5% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs -4.2%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
APP vs MAS — 直观对比
营收规模更大
MAS
是对方的1.4倍
$1.3B
营收增速更快
MAS
高出9.4%
-2.9%
净利率更高
APP
高出70.8%
11.9%
两年增速更快
APP
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.9B |
| 净利润 | $1.1B | $228.0M |
| 毛利率 | 95.2% | 35.8% |
| 营业利润率 | — | 16.5% |
| 净利率 | 82.7% | 11.9% |
| 营收同比 | -2.9% | 6.5% |
| 净利润同比 | 84.0% | 14.5% |
| 每股收益（稀释后） | $3.24 | — |
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APPMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.1B | $2.1B |
净利润APPMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $1.1B | $165.0M | ||
| Q3 25 | $835.5M | $189.0M | ||
| Q2 25 | $819.5M | $270.0M | ||
| Q1 25 | $576.4M | $186.0M | ||
| Q4 24 | $599.2M | $182.0M | ||
| Q3 24 | $434.4M | $167.0M | ||
| Q2 24 | $310.0M | $258.0M |
毛利率APPMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | 95.2% | 33.9% | ||
| Q3 25 | 87.6% | 34.2% | ||
| Q2 25 | 87.7% | 37.6% | ||
| Q1 25 | 81.7% | 35.8% | ||
| Q4 24 | 76.7% | 34.8% | ||
| Q3 24 | 77.5% | 36.6% | ||
| Q2 24 | 73.8% | 37.5% |
营业利润率APPMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | — | 13.8% | ||
| Q3 25 | 76.8% | 15.8% | ||
| Q2 25 | 76.1% | 20.1% | ||
| Q1 25 | 44.7% | 15.9% | ||
| Q4 24 | 44.3% | 15.9% | ||
| Q3 24 | 44.6% | 18.0% | ||
| Q2 24 | 36.2% | 19.0% |
净利率APPMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 82.7% | 9.2% | ||
| Q3 25 | 59.5% | 9.9% | ||
| Q2 25 | 65.1% | 13.2% | ||
| Q1 25 | 38.8% | 10.3% | ||
| Q4 24 | 43.6% | 10.0% | ||
| Q3 24 | 36.3% | 8.4% | ||
| Q2 24 | 28.7% | 12.3% |
每股收益（稀释后）APPMAS
| Q1 26 | — | — | ||
| Q4 25 | $3.24 | $0.81 | ||
| Q3 25 | $2.45 | $0.90 | ||
| Q2 25 | $2.39 | $1.28 | ||
| Q1 25 | $1.67 | $0.87 | ||
| Q4 24 | $1.72 | $0.85 | ||
| Q3 24 | $1.25 | $0.77 | ||
| Q2 24 | $0.89 | $1.17 |
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 | — |
| 总债务越低越好 | $3.5B | $2.9B |
| 股东权益账面价值 | $2.1B | $27.0M |
| 总资产 | $7.3B | $5.2B |
| 负债/权益比越低杠杆越低 | 1.65× | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资APPMAS
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $647.0M | ||
| Q3 25 | $1.7B | $559.0M | ||
| Q2 25 | $1.2B | $390.0M | ||
| Q1 25 | $551.0M | $377.0M | ||
| Q4 24 | $741.4M | $634.0M | ||
| Q3 24 | $567.6M | $646.0M | ||
| Q2 24 | $460.4M | $398.0M |
总债务APPMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $3.5B | $2.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APPMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $2.1B | $-185.0M | ||
| Q3 25 | $1.5B | $-78.0M | ||
| Q2 25 | $1.2B | $-84.0M | ||
| Q1 25 | $575.4M | $-254.0M | ||
| Q4 24 | $1.1B | $-279.0M | ||
| Q3 24 | $938.2M | $-88.0M | ||
| Q2 24 | $814.8M | $-26.0M |
总资产APPMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $7.3B | $5.2B | ||
| Q3 25 | $6.3B | $5.3B | ||
| Q2 25 | $6.0B | $5.3B | ||
| Q1 25 | $5.7B | $5.1B | ||
| Q4 24 | $5.9B | $5.0B | ||
| Q3 24 | $5.4B | $5.3B | ||
| Q2 24 | $5.3B | $5.4B |
负债/权益比APPMAS
| Q1 26 | — | 109.07× | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 1.8% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 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APPMAS
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $418.0M | ||
| Q3 25 | $1.1B | $456.0M | ||
| Q2 25 | $772.2M | $306.0M | ||
| Q1 25 | $831.7M | $-158.0M | ||
| Q4 24 | $701.0M | $407.0M | ||
| Q3 24 | $550.7M | $416.0M | ||
| Q2 24 | $454.5M | $346.0M |
自由现金流APPMAS
| Q1 26 | — | — | ||
| Q4 25 | — | $371.0M | ||
| Q3 25 | — | $415.0M | ||
| Q2 25 | — | $270.0M | ||
| Q1 25 | — | $-190.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $378.0M | ||
| Q2 24 | — | $303.0M |
自由现金流率APPMAS
| Q1 26 | — | — | ||
| Q4 25 | — | 20.7% | ||
| Q3 25 | — | 21.6% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | -10.5% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 19.1% | ||
| Q2 24 | — | 14.5% |
资本支出强度APPMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.1% |
现金转化率APPMAS
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | 2.53× | ||
| Q3 25 | 1.26× | 2.41× | ||
| Q2 25 | 0.94× | 1.13× | ||
| Q1 25 | 1.44× | -0.85× | ||
| Q4 24 | 1.17× | 2.24× | ||
| Q3 24 | 1.27× | 2.49× | ||
| Q2 24 | 1.47× | 1.34× |
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% |
MAS
暂无分部数据
