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AppLovin Corp（APP）与Regions Financial Corporation（RF）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Regions Financial Corporation的1.0倍（$1.3B vs $1.3B），AppLovin Corp净利率更高（82.7% vs 41.7%，领先41.0%），Regions Financial Corporation同比增速更快（4.1% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 4.0%）
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。
Regions Financial Corporation是美国银行控股企业，总部位于阿拉巴马州伯明翰市。公司提供零售及商业银行、信托、股票经纪、抵押贷款等服务，旗下银行业务子公司Regions Bank在美国南部和中西部15个州运营约1300家营业网点和2000台自动柜员机，服务大量当地个人及企业客户。
APP vs RF — 直观对比
营收规模更大
APP
是对方的1.0倍
$1.3B
营收增速更快
RF
高出7.1%
-2.9%
净利率更高
APP
高出41.0%
41.7%
两年增速更快
APP
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $1.1B | $534.0M |
| 毛利率 | 95.2% | — |
| 营业利润率 | — | 55.3% |
| 净利率 | 82.7% | 41.7% |
| 营收同比 | -2.9% | 4.1% |
| 净利润同比 | 84.0% | 0.0% |
| 每股收益（稀释后） | $3.24 | $0.59 |
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APPRF
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
净利润APPRF
| Q4 25 | $1.1B | $534.0M | ||
| Q3 25 | $835.5M | $569.0M | ||
| Q2 25 | $819.5M | $563.0M | ||
| Q1 25 | $576.4M | $490.0M | ||
| Q4 24 | $599.2M | $534.0M | ||
| Q3 24 | $434.4M | $490.0M | ||
| Q2 24 | $310.0M | $501.0M | ||
| Q1 24 | $236.2M | $368.0M |
毛利率APPRF
| Q4 25 | 95.2% | — | ||
| Q3 25 | 87.6% | — | ||
| Q2 25 | 87.7% | — | ||
| Q1 25 | 81.7% | — | ||
| Q4 24 | 76.7% | — | ||
| Q3 24 | 77.5% | — | ||
| Q2 24 | 73.8% | — | ||
| Q1 24 | 72.2% | — |
营业利润率APPRF
| Q4 25 | — | 55.3% | ||
| Q3 25 | 76.8% | 56.3% | ||
| Q2 25 | 76.1% | 56.1% | ||
| Q1 25 | 44.7% | 52.0% | ||
| Q4 24 | 44.3% | 53.4% | ||
| Q3 24 | 44.6% | 49.9% | ||
| Q2 24 | 36.2% | 52.7% | ||
| Q1 24 | 32.1% | 39.2% |
净利率APPRF
| Q4 25 | 82.7% | 41.7% | ||
| Q3 25 | 59.5% | 45.3% | ||
| Q2 25 | 65.1% | 44.7% | ||
| Q1 25 | 38.8% | 41.0% | ||
| Q4 24 | 43.6% | 43.4% | ||
| Q3 24 | 36.3% | 40.2% | ||
| Q2 24 | 28.7% | 42.2% | ||
| Q1 24 | 22.3% | 31.1% |
每股收益（稀释后）APPRF
| Q4 25 | $3.24 | $0.59 | ||
| Q3 25 | $2.45 | $0.61 | ||
| Q2 25 | $2.39 | $0.59 | ||
| Q1 25 | $1.67 | $0.51 | ||
| Q4 24 | $1.72 | $0.55 | ||
| Q3 24 | $1.25 | $0.49 | ||
| Q2 24 | $0.89 | $0.52 | ||
| Q1 24 | $0.67 | $0.37 |
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 | $4.1B |
| 股东权益账面价值 | $2.1B | $19.0B |
| 总资产 | $7.3B | $158.8B |
| 负债/权益比越低杠杆越低 | 1.65× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资APPRF
| 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APPRF
| Q4 25 | $3.5B | $4.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | $3.5B | $6.0B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $3.3B |
股东权益APPRF
| Q4 25 | $2.1B | $19.0B | ||
| Q3 25 | $1.5B | $19.0B | ||
| Q2 25 | $1.2B | $18.7B | ||
| Q1 25 | $575.4M | $18.5B | ||
| Q4 24 | $1.1B | $17.9B | ||
| Q3 24 | $938.2M | $18.7B | ||
| Q2 24 | $814.8M | $17.2B | ||
| Q1 24 | $760.2M | $17.0B |
总资产APPRF
| Q4 25 | $7.3B | $158.8B | ||
| Q3 25 | $6.3B | $159.9B | ||
| Q2 25 | $6.0B | $159.2B | ||
| Q1 25 | $5.7B | $159.8B | ||
| Q4 24 | $5.9B | $157.3B | ||
| Q3 24 | $5.4B | $157.4B | ||
| Q2 24 | $5.3B | $154.1B | ||
| Q1 24 | $5.3B | $154.9B |
负债/权益比APPRF
| Q4 25 | 1.65× | 0.22× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.28× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | 3.22× | 0.34× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 0.20× |
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 | $-319.0M |
| 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× | -0.60× |
| 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APPRF
| Q4 25 | $1.3B | $-319.0M | ||
| Q3 25 | $1.1B | $861.0M | ||
| Q2 25 | $772.2M | $573.0M | ||
| Q1 25 | $831.7M | $1.1B | ||
| Q4 24 | $701.0M | $-220.0M | ||
| Q3 24 | $550.7M | $1.3B | ||
| Q2 24 | $454.5M | $161.0M | ||
| Q1 24 | $392.8M | $396.0M |
现金转化率APPRF
| Q4 25 | 1.19× | -0.60× | ||
| Q3 25 | 1.26× | 1.51× | ||
| Q2 25 | 0.94× | 1.02× | ||
| Q1 25 | 1.44× | 2.18× | ||
| Q4 24 | 1.17× | -0.41× | ||
| Q3 24 | 1.27× | 2.57× | ||
| Q2 24 | 1.47× | 0.32× | ||
| Q1 24 | 1.66× | 1.08× |
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% |
RF
| Consumer Bank | $747.0M | 58% |
| Corporate Bank | $487.0M | 38% |
| Wealth Management | $47.0M | 4% |
