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AppLovin Corp（APP）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
AppLovin Corp的季度营收约是罗致恒富的1.0倍（$1.3B vs $1.3B），AppLovin Corp同比增速更快（-2.9% vs -5.8%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs -6.1%）
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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
APP vs RHI — 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
APP
高出2.9%
-5.8%
两年增速更快
APP
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $1.1B | — |
| 毛利率 | 95.2% | 37.6% |
| 营业利润率 | — | 1.7% |
| 净利率 | 82.7% | — |
| 营收同比 | -2.9% | -5.8% |
| 净利润同比 | 84.0% | — |
| 每股收益（稀释后） | $3.24 | $0.32 |
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APPRHI
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
净利润APPRHI
| Q4 25 | $1.1B | — | ||
| Q3 25 | $835.5M | $42.9M | ||
| Q2 25 | $819.5M | $41.0M | ||
| Q1 25 | $576.4M | $17.4M | ||
| Q4 24 | $599.2M | — | ||
| Q3 24 | $434.4M | $65.5M | ||
| Q2 24 | $310.0M | $68.2M | ||
| Q1 24 | $236.2M | $63.7M |
毛利率APPRHI
| Q4 25 | 95.2% | 37.6% | ||
| Q3 25 | 87.6% | 37.2% | ||
| Q2 25 | 87.7% | 37.2% | ||
| Q1 25 | 81.7% | 36.9% | ||
| Q4 24 | 76.7% | 38.8% | ||
| Q3 24 | 77.5% | 39.0% | ||
| Q2 24 | 73.8% | 39.2% | ||
| Q1 24 | 72.2% | 38.1% |
营业利润率APPRHI
| Q4 25 | — | 1.7% | ||
| Q3 25 | 76.8% | 1.0% | ||
| Q2 25 | 76.1% | 0.1% | ||
| Q1 25 | 44.7% | 2.9% | ||
| Q4 24 | 44.3% | 4.7% | ||
| Q3 24 | 44.6% | 4.1% | ||
| Q2 24 | 36.2% | 5.1% | ||
| Q1 24 | 32.1% | 2.8% |
净利率APPRHI
| Q4 25 | 82.7% | — | ||
| Q3 25 | 59.5% | 3.2% | ||
| Q2 25 | 65.1% | 3.0% | ||
| Q1 25 | 38.8% | 1.3% | ||
| Q4 24 | 43.6% | — | ||
| Q3 24 | 36.3% | 4.5% | ||
| Q2 24 | 28.7% | 4.6% | ||
| Q1 24 | 22.3% | 4.3% |
每股收益（稀释后）APPRHI
| Q4 25 | $3.24 | $0.32 | ||
| Q3 25 | $2.45 | $0.43 | ||
| Q2 25 | $2.39 | $0.41 | ||
| Q1 25 | $1.67 | $0.17 | ||
| Q4 24 | $1.72 | $0.53 | ||
| Q3 24 | $1.25 | $0.64 | ||
| Q2 24 | $0.89 | $0.66 | ||
| Q1 24 | $0.67 | $0.61 |
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 | $464.4M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.1B | $1.3B |
| 总资产 | $7.3B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.65× | — |
8季度趋势，按日历期对齐
现金及短期投资APPRHI
| Q4 25 | $2.5B | $464.4M | ||
| Q3 25 | $1.7B | $365.3M | ||
| Q2 25 | $1.2B | $380.5M | ||
| Q1 25 | $551.0M | $342.5M | ||
| Q4 24 | $741.4M | $537.6M | ||
| Q3 24 | $567.6M | $570.5M | ||
| Q2 24 | $460.4M | $547.4M | ||
| Q1 24 | $436.3M | $540.9M |
总债务APPRHI
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APPRHI
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $575.4M | $1.3B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $938.2M | $1.5B | ||
| Q2 24 | $814.8M | $1.5B | ||
| Q1 24 | $760.2M | $1.5B |
总资产APPRHI
| Q4 25 | $7.3B | $2.9B | ||
| Q3 25 | $6.3B | $2.8B | ||
| Q2 25 | $6.0B | $2.8B | ||
| Q1 25 | $5.7B | $2.7B | ||
| Q4 24 | $5.9B | $2.9B | ||
| Q3 24 | $5.4B | $3.0B | ||
| Q2 24 | $5.3B | $2.9B | ||
| Q1 24 | $5.3B | $2.9B |
负债/权益比APPRHI
| Q4 25 | 1.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | — | $170.8M |
| 自由现金流率自由现金流/营收 | — | 13.1% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 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 | — | $266.8M |
8季度趋势，按日历期对齐
经营现金流APPRHI
| Q4 25 | $1.3B | $182.5M | ||
| Q3 25 | $1.1B | $77.4M | ||
| Q2 25 | $772.2M | $119.4M | ||
| Q1 25 | $831.7M | $-59.3M | ||
| Q4 24 | $701.0M | $154.8M | ||
| Q3 24 | $550.7M | $129.6M | ||
| Q2 24 | $454.5M | $142.0M | ||
| Q1 24 | $392.8M | $-15.9M |
自由现金流APPRHI
| Q4 25 | — | $170.8M | ||
| Q3 25 | — | $63.6M | ||
| Q2 25 | — | $104.2M | ||
| Q1 25 | — | $-71.7M | ||
| Q4 24 | — | $140.5M | ||
| Q3 24 | — | $111.8M | ||
| Q2 24 | — | $129.6M | ||
| Q1 24 | — | $-27.7M |
自由现金流率APPRHI
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | -1.9% |
资本支出强度APPRHI
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.8% |
现金转化率APPRHI
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.26× | 1.80× | ||
| Q2 25 | 0.94× | 2.91× | ||
| Q1 25 | 1.44× | -3.42× | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | 1.98× | ||
| Q2 24 | 1.47× | 2.08× | ||
| Q1 24 | 1.66× | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
