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AppLovin Corp（APP）与PHINIA INC.（PHIN）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PHINIA INC.的1.5倍（$1.3B vs $889.0M），PHINIA INC.同比增速更快（6.7% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 1.5%）
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。
PHINIA INC.是一家全球汽车技术供应商，主打燃油喷射系统、起动机、发电机及混动、电动汽车零部件，服务全球各主要市场的整车生产商和售后客户，覆盖乘用车、商用车及工业出行领域。
APP vs PHIN — 直观对比
营收规模更大
APP
是对方的1.5倍
$889.0M
营收增速更快
PHIN
高出9.6%
-2.9%
两年增速更快
APP
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $889.0M |
| 净利润 | $1.1B | — |
| 毛利率 | 95.2% | 21.7% |
| 营业利润率 | — | 7.8% |
| 净利率 | 82.7% | — |
| 营收同比 | -2.9% | 6.7% |
| 净利润同比 | 84.0% | — |
| 每股收益（稀释后） | $3.24 | $1.14 |
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APPPHIN
| Q4 25 | $1.3B | $889.0M | ||
| Q3 25 | $1.4B | $908.0M | ||
| Q2 25 | $1.3B | $890.0M | ||
| Q1 25 | $1.5B | $796.0M | ||
| Q4 24 | $1.4B | $833.0M | ||
| Q3 24 | $1.2B | $839.0M | ||
| Q2 24 | $1.1B | $868.0M | ||
| Q1 24 | $1.1B | $863.0M |
净利润APPPHIN
| Q4 25 | $1.1B | — | ||
| Q3 25 | $835.5M | $13.0M | ||
| Q2 25 | $819.5M | $46.0M | ||
| Q1 25 | $576.4M | $26.0M | ||
| Q4 24 | $599.2M | — | ||
| Q3 24 | $434.4M | $31.0M | ||
| Q2 24 | $310.0M | $14.0M | ||
| Q1 24 | $236.2M | $29.0M |
毛利率APPPHIN
| Q4 25 | 95.2% | 21.7% | ||
| Q3 25 | 87.6% | 22.0% | ||
| Q2 25 | 87.7% | 22.1% | ||
| Q1 25 | 81.7% | 21.6% | ||
| Q4 24 | 76.7% | 22.7% | ||
| Q3 24 | 77.5% | 22.3% | ||
| Q2 24 | 73.8% | 21.7% | ||
| Q1 24 | 72.2% | 22.2% |
营业利润率APPPHIN
| Q4 25 | — | 7.8% | ||
| Q3 25 | 76.8% | 3.7% | ||
| Q2 25 | 76.1% | 10.0% | ||
| Q1 25 | 44.7% | 7.8% | ||
| Q4 24 | 44.3% | 6.1% | ||
| Q3 24 | 44.6% | 7.9% | ||
| Q2 24 | 36.2% | 8.2% | ||
| Q1 24 | 32.1% | 8.2% |
净利率APPPHIN
| Q4 25 | 82.7% | — | ||
| Q3 25 | 59.5% | 1.4% | ||
| Q2 25 | 65.1% | 5.2% | ||
| Q1 25 | 38.8% | 3.3% | ||
| Q4 24 | 43.6% | — | ||
| Q3 24 | 36.3% | 3.7% | ||
| Q2 24 | 28.7% | 1.6% | ||
| Q1 24 | 22.3% | 3.4% |
每股收益（稀释后）APPPHIN
| Q4 25 | $3.24 | $1.14 | ||
| Q3 25 | $2.45 | $0.33 | ||
| Q2 25 | $2.39 | $1.14 | ||
| Q1 25 | $1.67 | $0.63 | ||
| Q4 24 | $1.72 | $0.13 | ||
| Q3 24 | $1.25 | $0.70 | ||
| Q2 24 | $0.89 | $0.31 | ||
| Q1 24 | $0.67 | $0.62 |
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 | $359.0M |
| 总债务越低越好 | $3.5B | $970.0M |
| 股东权益账面价值 | $2.1B | $1.6B |
| 总资产 | $7.3B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.65× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资APPPHIN
| Q4 25 | $2.5B | $359.0M | ||
| Q3 25 | $1.7B | $349.0M | ||
| Q2 25 | $1.2B | $347.0M | ||
| Q1 25 | $551.0M | $373.0M | ||
| Q4 24 | $741.4M | $484.0M | ||
| Q3 24 | $567.6M | $477.0M | ||
| Q2 24 | $460.4M | $339.0M | ||
| Q1 24 | $436.3M | $325.0M |
总债务APPPHIN
| Q4 25 | $3.5B | $970.0M | ||
| Q3 25 | — | $990.0M | ||
| Q2 25 | — | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | $3.5B | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | — | $821.0M | ||
| Q1 24 | — | $706.0M |
股东权益APPPHIN
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $575.4M | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $938.2M | $1.7B | ||
| Q2 24 | $814.8M | $1.7B | ||
| Q1 24 | $760.2M | $1.9B |
总资产APPPHIN
| Q4 25 | $7.3B | $3.8B | ||
| Q3 25 | $6.3B | $4.0B | ||
| Q2 25 | $6.0B | $3.9B | ||
| Q1 25 | $5.7B | $3.7B | ||
| Q4 24 | $5.9B | $3.8B | ||
| Q3 24 | $5.4B | $4.0B | ||
| Q2 24 | $5.3B | $3.9B | ||
| Q1 24 | $5.3B | $4.0B |
负债/权益比APPPHIN
| Q4 25 | 1.65× | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | 3.22× | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.38× |
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 | $96.0M |
| 自由现金流经营现金流 - 资本支出 | — | $67.0M |
| 自由现金流率自由现金流/营收 | — | 7.5% |
| 资本支出强度资本支出/营收 | — | 3.3% |
| 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 | — | $188.0M |
8季度趋势，按日历期对齐
经营现金流APPPHIN
| Q4 25 | $1.3B | $96.0M | ||
| Q3 25 | $1.1B | $119.0M | ||
| Q2 25 | $772.2M | $57.0M | ||
| Q1 25 | $831.7M | $40.0M | ||
| Q4 24 | $701.0M | $73.0M | ||
| Q3 24 | $550.7M | $95.0M | ||
| Q2 24 | $454.5M | $109.0M | ||
| Q1 24 | $392.8M | $31.0M |
自由现金流APPPHIN
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $93.0M | ||
| Q2 25 | — | $23.0M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | — | $92.0M | ||
| Q1 24 | — | $-12.0M |
自由现金流率APPPHIN
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | -1.4% |
资本支出强度APPPHIN
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 5.0% |
现金转化率APPPHIN
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.26× | 9.15× | ||
| Q2 25 | 0.94× | 1.24× | ||
| Q1 25 | 1.44× | 1.54× | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | 3.06× | ||
| Q2 24 | 1.47× | 7.79× | ||
| Q1 24 | 1.66× | 1.07× |
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% |
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
