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AppLovin Corp（APP）与OCEANEERING INTERNATIONAL INC（OII）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OCEANEERING INTERNATIONAL INC的1.9倍（$1.3B vs $692.4M），AppLovin Corp净利率更高（82.7% vs 5.2%，领先77.5%），OCEANEERING INTERNATIONAL INC同比增速更快（2.7% 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。
奥什科什国际（Oceaneering International）是一家总部位于美国得克萨斯州休斯敦的水下工程及应用技术企业，为海洋、航天及其他特殊作业场景的客户提供定制化工程服务与硬件设备，在极端环境工程领域拥有深厚的技术积累。
APP vs OII — 直观对比
营收规模更大
APP
是对方的1.9倍
$692.4M
营收增速更快
OII
高出5.6%
-2.9%
净利率更高
APP
高出77.5%
5.2%
两年增速更快
APP
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $692.4M |
| 净利润 | $1.1B | $36.1M |
| 毛利率 | 95.2% | — |
| 营业利润率 | — | — |
| 净利率 | 82.7% | 5.2% |
| 营收同比 | -2.9% | 2.7% |
| 净利润同比 | 84.0% | -79.7% |
| 每股收益（稀释后） | $3.24 | $0.36 |
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APPOII
| Q1 26 | — | $692.4M | ||
| Q4 25 | $1.3B | $668.6M | ||
| Q3 25 | $1.4B | $742.9M | ||
| Q2 25 | $1.3B | $698.2M | ||
| Q1 25 | $1.5B | $674.5M | ||
| Q4 24 | $1.4B | $713.5M | ||
| Q3 24 | $1.2B | $679.8M | ||
| Q2 24 | $1.1B | $668.8M |
净利润APPOII
| Q1 26 | — | $36.1M | ||
| Q4 25 | $1.1B | $177.7M | ||
| Q3 25 | $835.5M | $71.3M | ||
| Q2 25 | $819.5M | $54.4M | ||
| Q1 25 | $576.4M | $50.4M | ||
| Q4 24 | $599.2M | $56.1M | ||
| Q3 24 | $434.4M | $41.2M | ||
| Q2 24 | $310.0M | $35.0M |
毛利率APPOII
| Q1 26 | — | — | ||
| Q4 25 | 95.2% | 19.8% | ||
| Q3 25 | 87.6% | 20.6% | ||
| Q2 25 | 87.7% | 21.3% | ||
| Q1 25 | 81.7% | 20.0% | ||
| Q4 24 | 76.7% | 19.9% | ||
| Q3 24 | 77.5% | 19.3% | ||
| Q2 24 | 73.8% | 18.0% |
营业利润率APPOII
| Q1 26 | — | — | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | 76.8% | 11.6% | ||
| Q2 25 | 76.1% | 11.3% | ||
| Q1 25 | 44.7% | 10.9% | ||
| Q4 24 | 44.3% | 10.9% | ||
| Q3 24 | 44.6% | 10.5% | ||
| Q2 24 | 36.2% | 9.0% |
净利率APPOII
| Q1 26 | — | 5.2% | ||
| Q4 25 | 82.7% | 26.6% | ||
| Q3 25 | 59.5% | 9.6% | ||
| Q2 25 | 65.1% | 7.8% | ||
| Q1 25 | 38.8% | 7.5% | ||
| Q4 24 | 43.6% | 7.9% | ||
| Q3 24 | 36.3% | 6.1% | ||
| Q2 24 | 28.7% | 5.2% |
每股收益（稀释后）APPOII
| Q1 26 | — | $0.36 | ||
| Q4 25 | $3.24 | $1.75 | ||
| Q3 25 | $2.45 | $0.71 | ||
| Q2 25 | $2.39 | $0.54 | ||
| Q1 25 | $1.67 | $0.49 | ||
| Q4 24 | $1.72 | $0.55 | ||
| Q3 24 | $1.25 | $0.40 | ||
| Q2 24 | $0.89 | $0.34 |
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 | $488.8M |
| 股东权益账面价值 | $2.1B | $1.1B |
| 总资产 | $7.3B | $2.6B |
| 负债/权益比越低杠杆越低 | 1.65× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资APPOII
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $695.9M | ||
| Q3 25 | $1.7B | $7.0M | ||
| Q2 25 | $1.2B | $7.0M | ||
| Q1 25 | $551.0M | $7.0M | ||
| Q4 24 | $741.4M | $504.5M | ||
| Q3 24 | $567.6M | — | ||
| Q2 24 | $460.4M | — |
总债务APPOII
| Q1 26 | — | $488.8M | ||
| Q4 25 | $3.5B | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APPOII
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $1.5B | $907.7M | ||
| Q2 25 | $1.2B | $842.1M | ||
| Q1 25 | $575.4M | $773.1M | ||
| Q4 24 | $1.1B | $714.3M | ||
| Q3 24 | $938.2M | $698.0M | ||
| Q2 24 | $814.8M | $651.0M |
总资产APPOII
| Q1 26 | — | $2.6B | ||
| Q4 25 | $7.3B | $2.7B | ||
| Q3 25 | $6.3B | $2.5B | ||
| Q2 25 | $6.0B | $2.3B | ||
| Q1 25 | $5.7B | $2.3B | ||
| Q4 24 | $5.9B | $2.3B | ||
| Q3 24 | $5.4B | $2.4B | ||
| Q2 24 | $5.3B | $2.3B |
负债/权益比APPOII
| Q1 26 | — | 0.44× | ||
| Q4 25 | 1.65× | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | 0.67× | ||
| 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 | — | $-76.5M |
| 自由现金流率自由现金流/营收 | — | -11.1% |
| 资本支出强度资本支出/营收 | — | 2.5% |
| 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 | — | $238.1M |
8季度趋势，按日历期对齐
经营现金流APPOII
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $221.1M | ||
| Q3 25 | $1.1B | $101.3M | ||
| Q2 25 | $772.2M | $77.2M | ||
| Q1 25 | $831.7M | $-80.7M | ||
| Q4 24 | $701.0M | $128.4M | ||
| Q3 24 | $550.7M | $91.9M | ||
| Q2 24 | $454.5M | $52.6M |
自由现金流APPOII
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | — | $46.9M | ||
| Q1 25 | — | $-106.8M | ||
| Q4 24 | — | $94.5M | ||
| Q3 24 | — | $67.0M | ||
| Q2 24 | — | $29.8M |
自由现金流率APPOII
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | -15.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 4.5% |
资本支出强度APPOII
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.4% |
现金转化率APPOII
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | 1.24× | ||
| Q3 25 | 1.26× | 1.42× | ||
| Q2 25 | 0.94× | 1.42× | ||
| Q1 25 | 1.44× | -1.60× | ||
| Q4 24 | 1.17× | 2.29× | ||
| Q3 24 | 1.27× | 2.23× | ||
| Q2 24 | 1.47× | 1.50× |
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% |
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
