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AppLovin Corp（APP）与Post Holdings, Inc.（POST）财务数据对比。点击上方公司名可切换其他公司
Post Holdings, Inc.的季度营收约是AppLovin Corp的1.6倍（$2.2B vs $1.3B），AppLovin Corp净利率更高（82.7% vs 4.5%，领先78.2%），Post Holdings, Inc.同比增速更快（10.1% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 4.3%）
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。
Post Holdings, Inc.是美国头部包装消费品食品生产商，旗下拥有知名食品业务板块Post Consumer Brands，总部坐落于明尼苏达州莱克维尔，其生产的食品类快消品覆盖北美及全球多个市场，深受消费者喜爱。
APP vs POST — 直观对比
营收规模更大
POST
是对方的1.6倍
$1.3B
营收增速更快
POST
高出13.0%
-2.9%
净利率更高
APP
高出78.2%
4.5%
两年增速更快
APP
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.2B |
| 净利润 | $1.1B | $96.8M |
| 毛利率 | 95.2% | 29.4% |
| 营业利润率 | — | 11.0% |
| 净利率 | 82.7% | 4.5% |
| 营收同比 | -2.9% | 10.1% |
| 净利润同比 | 84.0% | -14.6% |
| 每股收益（稀释后） | $3.24 | $1.71 |
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APPPOST
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.5B | $2.0B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.1B | $2.0B |
净利润APPPOST
| Q4 25 | $1.1B | $96.8M | ||
| Q3 25 | $835.5M | $51.0M | ||
| Q2 25 | $819.5M | $108.8M | ||
| Q1 25 | $576.4M | $62.6M | ||
| Q4 24 | $599.2M | $113.3M | ||
| Q3 24 | $434.4M | $81.6M | ||
| Q2 24 | $310.0M | $99.8M | ||
| Q1 24 | $236.2M | $97.2M |
毛利率APPPOST
| Q4 25 | 95.2% | 29.4% | ||
| Q3 25 | 87.6% | 26.8% | ||
| Q2 25 | 87.7% | 30.0% | ||
| Q1 25 | 81.7% | 28.0% | ||
| Q4 24 | 76.7% | 30.1% | ||
| Q3 24 | 77.5% | 28.6% | ||
| Q2 24 | 73.8% | 29.6% | ||
| Q1 24 | 72.2% | 29.0% |
营业利润率APPPOST
| Q4 25 | — | 11.0% | ||
| Q3 25 | 76.8% | 7.5% | ||
| Q2 25 | 76.1% | 11.8% | ||
| Q1 25 | 44.7% | 9.3% | ||
| Q4 24 | 44.3% | 10.8% | ||
| Q3 24 | 44.6% | 9.5% | ||
| Q2 24 | 36.2% | 10.4% | ||
| Q1 24 | 32.1% | 9.5% |
净利率APPPOST
| Q4 25 | 82.7% | 4.5% | ||
| Q3 25 | 59.5% | 2.3% | ||
| Q2 25 | 65.1% | 5.5% | ||
| Q1 25 | 38.8% | 3.2% | ||
| Q4 24 | 43.6% | 5.7% | ||
| Q3 24 | 36.3% | 4.1% | ||
| Q2 24 | 28.7% | 5.1% | ||
| Q1 24 | 22.3% | 4.9% |
每股收益（稀释后）APPPOST
| Q4 25 | $3.24 | $1.71 | ||
| Q3 25 | $2.45 | $0.91 | ||
| Q2 25 | $2.39 | $1.79 | ||
| Q1 25 | $1.67 | $1.03 | ||
| Q4 24 | $1.72 | $1.78 | ||
| Q3 24 | $1.25 | $1.28 | ||
| Q2 24 | $0.89 | $1.53 | ||
| Q1 24 | $0.67 | $1.48 |
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 | $279.3M |
| 总债务越低越好 | $3.5B | $7.5B |
| 股东权益账面价值 | $2.1B | $3.5B |
| 总资产 | $7.3B | $13.0B |
| 负债/权益比越低杠杆越低 | 1.65× | 2.16× |
8季度趋势，按日历期对齐
现金及短期投资APPPOST
| Q4 25 | $2.5B | $279.3M | ||
| Q3 25 | $1.7B | $176.7M | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $551.0M | $617.6M | ||
| Q4 24 | $741.4M | $872.9M | ||
| Q3 24 | $567.6M | $787.4M | ||
| Q2 24 | $460.4M | $333.8M | ||
| Q1 24 | $436.3M | $333.4M |
总债务APPPOST
| Q4 25 | $3.5B | $7.5B | ||
| Q3 25 | — | $7.4B | ||
| Q2 25 | — | $7.3B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | $3.5B | $6.9B | ||
| Q3 24 | — | $6.8B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $6.4B |
股东权益APPPOST
| Q4 25 | $2.1B | $3.5B | ||
| Q3 25 | $1.5B | $3.8B | ||
| Q2 25 | $1.2B | $4.0B | ||
| Q1 25 | $575.4M | $3.8B | ||
| Q4 24 | $1.1B | $3.9B | ||
| Q3 24 | $938.2M | $4.1B | ||
| Q2 24 | $814.8M | $3.9B | ||
| Q1 24 | $760.2M | $4.0B |
总资产APPPOST
| Q4 25 | $7.3B | $13.0B | ||
| Q3 25 | $6.3B | $13.5B | ||
| Q2 25 | $6.0B | $13.4B | ||
| Q1 25 | $5.7B | $12.8B | ||
| Q4 24 | $5.9B | $12.8B | ||
| Q3 24 | $5.4B | $12.9B | ||
| Q2 24 | $5.3B | $12.1B | ||
| Q1 24 | $5.3B | $12.2B |
负债/权益比APPPOST
| Q4 25 | 1.65× | 2.16× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 1.84× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | 3.22× | 1.79× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 1.61× |
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 | $235.7M |
| 自由现金流经营现金流 - 资本支出 | — | $119.3M |
| 自由现金流率自由现金流/营收 | — | 5.5% |
| 资本支出强度资本支出/营收 | — | 5.4% |
| 现金转化率经营现金流/净利润 | 1.19× | 2.43× |
| 过去12个月自由现金流最近4个季度 | — | $436.0M |
8季度趋势，按日历期对齐
经营现金流APPPOST
| Q4 25 | $1.3B | $235.7M | ||
| Q3 25 | $1.1B | $301.3M | ||
| Q2 25 | $772.2M | $225.9M | ||
| Q1 25 | $831.7M | $160.7M | ||
| Q4 24 | $701.0M | $310.4M | ||
| Q3 24 | $550.7M | $235.4M | ||
| Q2 24 | $454.5M | $272.3M | ||
| Q1 24 | $392.8M | $249.6M |
自由现金流APPPOST
| Q4 25 | — | $119.3M | ||
| Q3 25 | — | $151.6M | ||
| Q2 25 | — | $94.9M | ||
| Q1 25 | — | $70.2M | ||
| Q4 24 | — | $171.4M | ||
| Q3 24 | — | $96.2M | ||
| Q2 24 | — | $161.5M | ||
| Q1 24 | — | $150.9M |
自由现金流率APPPOST
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 8.3% | ||
| Q1 24 | — | 7.5% |
资本支出强度APPPOST
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | 4.9% |
现金转化率APPPOST
| Q4 25 | 1.19× | 2.43× | ||
| Q3 25 | 1.26× | 5.91× | ||
| Q2 25 | 0.94× | 2.08× | ||
| Q1 25 | 1.44× | 2.57× | ||
| Q4 24 | 1.17× | 2.74× | ||
| Q3 24 | 1.27× | 2.88× | ||
| Q2 24 | 1.47× | 2.73× | ||
| Q1 24 | 1.66× | 2.57× |
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% |
POST
| Post Consumer Brands Segment | $1.1B | 51% |
| Pet Food | $360.4M | 17% |
| Side Dishes | $221.5M | 10% |
| Weetabix | $137.9M | 6% |
| Other | $122.1M | 6% |
| Nut Butters | $105.8M | 5% |
| Sausage | $53.1M | 2% |
| Cheeseand Dairy | $41.3M | 2% |
| Protein Based Shakes | $29.3M | 1% |
| Bell Ring | $18.1M | 1% |
