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AppLovin Corp（APP）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是AppLovin Corp的1.2倍（$1.6B vs $1.3B），AppLovin Corp净利率更高（82.7% vs -0.8%，领先83.5%）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
APP vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.2倍
$1.3B
净利率更高
APP
高出83.5%
-0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.6B |
| 净利润 | $1.1B | $-13.0M |
| 毛利率 | 95.2% | 27.7% |
| 营业利润率 | — | 1.2% |
| 净利率 | 82.7% | -0.8% |
| 营收同比 | -2.9% | — |
| 净利润同比 | 84.0% | — |
| 每股收益（稀释后） | $3.24 | $-0.03 |
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APPPRMB
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.2B | $0 | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.1B | $1.1B |
净利润APPPRMB
| Q4 25 | $1.1B | $-13.0M | ||
| Q3 25 | $835.5M | $16.8M | ||
| Q2 25 | $819.5M | $27.6M | ||
| Q1 25 | $576.4M | $28.7M | ||
| Q4 24 | $599.2M | — | ||
| Q3 24 | $434.4M | $-2.0K | ||
| Q2 24 | $310.0M | $54.5M | ||
| Q1 24 | $236.2M | $33.5M |
毛利率APPPRMB
| Q4 25 | 95.2% | 27.7% | ||
| Q3 25 | 87.6% | 29.9% | ||
| Q2 25 | 87.7% | 31.3% | ||
| Q1 25 | 81.7% | 32.3% | ||
| Q4 24 | 76.7% | — | ||
| Q3 24 | 77.5% | — | ||
| Q2 24 | 73.8% | 32.7% | ||
| Q1 24 | 72.2% | 30.4% |
营业利润率APPPRMB
| Q4 25 | — | 1.2% | ||
| Q3 25 | 76.8% | 8.3% | ||
| Q2 25 | 76.1% | 6.5% | ||
| Q1 25 | 44.7% | 9.5% | ||
| Q4 24 | 44.3% | — | ||
| Q3 24 | 44.6% | — | ||
| Q2 24 | 36.2% | 12.1% | ||
| Q1 24 | 32.1% | 11.0% |
净利率APPPRMB
| Q4 25 | 82.7% | -0.8% | ||
| Q3 25 | 59.5% | 1.0% | ||
| Q2 25 | 65.1% | 1.6% | ||
| Q1 25 | 38.8% | 1.8% | ||
| Q4 24 | 43.6% | — | ||
| Q3 24 | 36.3% | — | ||
| Q2 24 | 28.7% | 4.1% | ||
| Q1 24 | 22.3% | 2.9% |
每股收益（稀释后）APPPRMB
| Q4 25 | $3.24 | $-0.03 | ||
| Q3 25 | $2.45 | $0.04 | ||
| Q2 25 | $2.39 | $0.07 | ||
| Q1 25 | $1.67 | $0.08 | ||
| Q4 24 | $1.72 | — | ||
| Q3 24 | $1.25 | $-20.00 | ||
| Q2 24 | $0.89 | $0.25 | ||
| Q1 24 | $0.67 | $0.15 |
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 | $376.7M |
| 总债务越低越好 | $3.5B | $5.2B |
| 股东权益账面价值 | $2.1B | $3.0B |
| 总资产 | $7.3B | $10.6B |
| 负债/权益比越低杠杆越低 | 1.65× | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资APPPRMB
| Q4 25 | $2.5B | $376.7M | ||
| 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APPPRMB
| Q4 25 | $3.5B | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APPPRMB
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $1.5B | $3.2B | ||
| Q2 25 | $1.2B | $3.2B | ||
| Q1 25 | $575.4M | $3.3B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $938.2M | $-2.0K | ||
| Q2 24 | $814.8M | $-296.8M | ||
| Q1 24 | $760.2M | $-349.8M |
总资产APPPRMB
| Q4 25 | $7.3B | $10.6B | ||
| Q3 25 | $6.3B | $11.0B | ||
| Q2 25 | $6.0B | $11.0B | ||
| Q1 25 | $5.7B | $11.0B | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $5.4B | $0 | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.3B | — |
负债/权益比APPPRMB
| Q4 25 | 1.65× | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| 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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | — | $57.3M |
| 自由现金流率自由现金流/营收 | — | 3.7% |
| 资本支出强度资本支出/营收 | — | 9.4% |
| 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 | — | $302.9M |
8季度趋势，按日历期对齐
经营现金流APPPRMB
| Q4 25 | $1.3B | $203.1M | ||
| Q3 25 | $1.1B | $283.4M | ||
| Q2 25 | $772.2M | $155.0M | ||
| Q1 25 | $831.7M | $38.8M | ||
| Q4 24 | $701.0M | — | ||
| Q3 24 | $550.7M | $0 | ||
| Q2 24 | $454.5M | $102.5M | ||
| Q1 24 | $392.8M | $6.0M |
自由现金流APPPRMB
| Q4 25 | — | $57.3M | ||
| Q3 25 | — | $167.7M | ||
| Q2 25 | — | $101.1M | ||
| Q1 25 | — | $-23.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $61.4M | ||
| Q1 24 | — | $-17.5M |
自由现金流率APPPRMB
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | -1.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | -1.5% |
资本支出强度APPPRMB
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 2.1% |
现金转化率APPPRMB
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.26× | 16.87× | ||
| Q2 25 | 0.94× | 5.62× | ||
| Q1 25 | 1.44× | 1.35× | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.47× | 1.88× | ||
| Q1 24 | 1.66× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
