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AppLovin Corp（APP）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
AppLovin Corp的季度营收约是美森的1.6倍（$1.3B vs $851.9M），AppLovin Corp净利率更高（82.7% vs 16.8%，领先65.9%），AppLovin Corp同比增速更快（-2.9% vs -4.3%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 8.6%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
APP vs MATX — 直观对比
营收规模更大
APP
是对方的1.6倍
$851.9M
营收增速更快
APP
高出1.4%
-4.3%
净利率更高
APP
高出65.9%
16.8%
两年增速更快
APP
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $851.9M |
| 净利润 | $1.1B | $143.1M |
| 毛利率 | 95.2% | — |
| 营业利润率 | — | 16.9% |
| 净利率 | 82.7% | 16.8% |
| 营收同比 | -2.9% | -4.3% |
| 净利润同比 | 84.0% | 11.8% |
| 每股收益（稀释后） | $3.24 | $4.47 |
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APPMATX
| Q4 25 | $1.3B | $851.9M | ||
| Q3 25 | $1.4B | $880.1M | ||
| Q2 25 | $1.3B | $830.5M | ||
| Q1 25 | $1.5B | $782.0M | ||
| Q4 24 | $1.4B | $890.3M | ||
| Q3 24 | $1.2B | $962.0M | ||
| Q2 24 | $1.1B | $847.4M | ||
| Q1 24 | $1.1B | $722.1M |
净利润APPMATX
| Q4 25 | $1.1B | $143.1M | ||
| Q3 25 | $835.5M | $134.7M | ||
| Q2 25 | $819.5M | $94.7M | ||
| Q1 25 | $576.4M | $72.3M | ||
| Q4 24 | $599.2M | $128.0M | ||
| Q3 24 | $434.4M | $199.1M | ||
| Q2 24 | $310.0M | $113.2M | ||
| Q1 24 | $236.2M | $36.1M |
毛利率APPMATX
| 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APPMATX
| Q4 25 | — | 16.9% | ||
| Q3 25 | 76.8% | 18.3% | ||
| Q2 25 | 76.1% | 13.6% | ||
| Q1 25 | 44.7% | 10.5% | ||
| Q4 24 | 44.3% | 16.6% | ||
| Q3 24 | 44.6% | 25.2% | ||
| Q2 24 | 36.2% | 14.7% | ||
| Q1 24 | 32.1% | 5.1% |
净利率APPMATX
| Q4 25 | 82.7% | 16.8% | ||
| Q3 25 | 59.5% | 15.3% | ||
| Q2 25 | 65.1% | 11.4% | ||
| Q1 25 | 38.8% | 9.2% | ||
| Q4 24 | 43.6% | 14.4% | ||
| Q3 24 | 36.3% | 20.7% | ||
| Q2 24 | 28.7% | 13.4% | ||
| Q1 24 | 22.3% | 5.0% |
每股收益（稀释后）APPMATX
| Q4 25 | $3.24 | $4.47 | ||
| Q3 25 | $2.45 | $4.24 | ||
| Q2 25 | $2.39 | $2.92 | ||
| Q1 25 | $1.67 | $2.18 | ||
| Q4 24 | $1.72 | $3.69 | ||
| Q3 24 | $1.25 | $5.89 | ||
| Q2 24 | $0.89 | $3.31 | ||
| Q1 24 | $0.67 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | $3.5B | $361.2M |
| 股东权益账面价值 | $2.1B | $2.8B |
| 总资产 | $7.3B | $4.6B |
| 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APPMATX
| Q4 25 | $2.5B | $141.9M | ||
| Q3 25 | $1.7B | $92.7M | ||
| Q2 25 | $1.2B | $59.1M | ||
| Q1 25 | $551.0M | $122.0M | ||
| Q4 24 | $741.4M | $266.8M | ||
| Q3 24 | $567.6M | $270.3M | ||
| Q2 24 | $460.4M | $168.2M | ||
| Q1 24 | $436.3M | $25.9M |
总债务APPMATX
| Q4 25 | $3.5B | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | $3.5B | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益APPMATX
| Q4 25 | $2.1B | $2.8B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $575.4M | $2.6B | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | $938.2M | $2.6B | ||
| Q2 24 | $814.8M | $2.4B | ||
| Q1 24 | $760.2M | $2.4B |
总资产APPMATX
| Q4 25 | $7.3B | $4.6B | ||
| Q3 25 | $6.3B | $4.6B | ||
| Q2 25 | $6.0B | $4.5B | ||
| Q1 25 | $5.7B | $4.5B | ||
| Q4 24 | $5.9B | $4.6B | ||
| Q3 24 | $5.4B | $4.4B | ||
| Q2 24 | $5.3B | $4.3B | ||
| Q1 24 | $5.3B | $4.2B |
负债/权益比APPMATX
| Q4 25 | 1.65× | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 3.22× | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | — | $42.2M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | — | 15.8% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $153.7M |
8季度趋势，按日历期对齐
经营现金流APPMATX
| Q4 25 | $1.3B | $176.9M | ||
| Q3 25 | $1.1B | $175.6M | ||
| Q2 25 | $772.2M | $105.6M | ||
| Q1 25 | $831.7M | $89.0M | ||
| Q4 24 | $701.0M | $174.7M | ||
| Q3 24 | $550.7M | $248.6M | ||
| Q2 24 | $454.5M | $307.9M | ||
| Q1 24 | $392.8M | $36.6M |
自由现金流APPMATX
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $92.4M | ||
| Q2 25 | — | $19.3M | ||
| Q1 25 | — | $-200.0K | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | — | $189.0M | ||
| Q2 24 | — | $238.1M | ||
| Q1 24 | — | $-18.7M |
自由现金流率APPMATX
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -0.0% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | — | -2.6% |
资本支出强度APPMATX
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 7.7% |
现金转化率APPMATX
| Q4 25 | 1.19× | 1.24× | ||
| Q3 25 | 1.26× | 1.30× | ||
| Q2 25 | 0.94× | 1.12× | ||
| Q1 25 | 1.44× | 1.23× | ||
| Q4 24 | 1.17× | 1.36× | ||
| Q3 24 | 1.27× | 1.25× | ||
| Q2 24 | 1.47× | 2.72× | ||
| Q1 24 | 1.66× | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
