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AppLovin Corp（APP）与上海建工集团（NOA）财务数据对比。点击上方公司名可切换其他公司
AppLovin Corp的季度营收约是上海建工集团的1.5倍（$1.3B vs $860.2M），AppLovin Corp净利率更高（82.7% vs 4.7%，领先78.0%），过去两年上海建工集团的营收复合增速更高（58.0% vs 12.2%）
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。
上海建工集团是中国知名建筑工程企业，凭借优异的经营规模与工程实力，在2011年以营业收入统计位居全球建筑企业第16位，业务覆盖国内外众多大型建筑工程项目领域。
APP vs NOA — 直观对比
营收规模更大
APP
是对方的1.5倍
$860.2M
净利率更高
APP
高出78.0%
4.7%
两年增速更快
NOA
近两年复合增速
12.2%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $860.2M |
| 净利润 | $1.1B | $40.5M |
| 毛利率 | 95.2% | 19.7% |
| 营业利润率 | — | 15.4% |
| 净利率 | 82.7% | 4.7% |
| 营收同比 | -2.9% | — |
| 净利润同比 | 84.0% | — |
| 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APPNOA
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | $860.2M | ||
| Q2 25 | $1.3B | $573.3M | ||
| Q1 25 | $1.5B | $297.0M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.2B | $636.4M | ||
| Q2 24 | $1.1B | $439.5M | ||
| Q1 24 | $1.1B | $244.3M |
净利润APPNOA
| Q4 25 | $1.1B | — | ||
| Q3 25 | $835.5M | $40.5M | ||
| Q2 25 | $819.5M | $26.0M | ||
| Q1 25 | $576.4M | $11.5M | ||
| Q4 24 | $599.2M | — | ||
| Q3 24 | $434.4M | $45.5M | ||
| Q2 24 | $310.0M | $34.1M | ||
| Q1 24 | $236.2M | $21.8M |
毛利率APPNOA
| Q4 25 | 95.2% | — | ||
| Q3 25 | 87.6% | 19.7% | ||
| Q2 25 | 87.7% | 18.1% | ||
| Q1 25 | 81.7% | 18.0% | ||
| Q4 24 | 76.7% | — | ||
| Q3 24 | 77.5% | 14.0% | ||
| Q2 24 | 73.8% | 14.3% | ||
| Q1 24 | 72.2% | 16.8% |
营业利润率APPNOA
| Q4 25 | — | — | ||
| Q3 25 | 76.8% | 15.4% | ||
| Q2 25 | 76.1% | 13.6% | ||
| Q1 25 | 44.7% | 13.0% | ||
| Q4 24 | 44.3% | — | ||
| Q3 24 | 44.6% | 7.9% | ||
| Q2 24 | 36.2% | 8.2% | ||
| Q1 24 | 32.1% | 10.5% |
净利率APPNOA
| Q4 25 | 82.7% | — | ||
| Q3 25 | 59.5% | 4.7% | ||
| Q2 25 | 65.1% | 4.5% | ||
| Q1 25 | 38.8% | 3.9% | ||
| Q4 24 | 43.6% | — | ||
| Q3 24 | 36.3% | 7.1% | ||
| Q2 24 | 28.7% | 7.8% | ||
| Q1 24 | 22.3% | 8.9% |
每股收益（稀释后）APPNOA
| Q4 25 | $3.24 | — | ||
| Q3 25 | $2.45 | — | ||
| Q2 25 | $2.39 | — | ||
| Q1 25 | $1.67 | — | ||
| Q4 24 | $1.72 | — | ||
| Q3 24 | $1.25 | — | ||
| Q2 24 | $0.89 | — | ||
| Q1 24 | $0.67 | — |
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 | — |
| 股东权益账面价值 | $2.1B | — |
| 总资产 | $7.3B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.65× | — |
8季度趋势，按日历期对齐
现金及短期投资APPNOA
| Q4 25 | $2.5B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $551.0M | — | ||
| Q4 24 | $741.4M | — | ||
| Q3 24 | $567.6M | — | ||
| Q2 24 | $460.4M | — | ||
| Q1 24 | $436.3M | — |
总债务APPNOA
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APPNOA
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $575.4M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $938.2M | — | ||
| Q2 24 | $814.8M | — | ||
| Q1 24 | $760.2M | — |
总资产APPNOA
| Q4 25 | $7.3B | — | ||
| Q3 25 | $6.3B | $1.7B | ||
| Q2 25 | $6.0B | $1.7B | ||
| Q1 25 | $5.7B | $1.7B | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $5.4B | $1.5B | ||
| Q2 24 | $5.3B | $1.5B | ||
| Q1 24 | $5.3B | $1.5B |
负债/权益比APPNOA
| Q4 25 | 1.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $140.7M |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | 1.19× | 3.47× |
| 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APPNOA
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | $140.7M | ||
| Q2 25 | $772.2M | $85.4M | ||
| Q1 25 | $831.7M | $19.0M | ||
| Q4 24 | $701.0M | — | ||
| Q3 24 | $550.7M | $109.5M | ||
| Q2 24 | $454.5M | $72.0M | ||
| Q1 24 | $392.8M | $31.8M |
现金转化率APPNOA
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.26× | 3.47× | ||
| Q2 25 | 0.94× | 3.28× | ||
| Q1 25 | 1.44× | 1.65× | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | 2.41× | ||
| Q2 24 | 1.47× | 2.11× | ||
| Q1 24 | 1.66× | 1.46× |
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% |
NOA
暂无分部数据
