vs
AppLovin Corp（APP）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是AppLovin Corp的1.4倍（$1.9B vs $1.3B），AppLovin Corp净利率更高（82.7% vs 8.4%，领先74.3%），RPM INTERNATIONAL INC同比增速更快（3.5% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 12.0%）
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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
APP vs RPM — 直观对比
营收规模更大
RPM
是对方的1.4倍
$1.3B
营收增速更快
RPM
高出6.4%
-2.9%
净利率更高
APP
高出74.3%
8.4%
两年增速更快
APP
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.9B |
| 净利润 | $1.1B | $161.2M |
| 毛利率 | 95.2% | 40.8% |
| 营业利润率 | — | 11.0% |
| 净利率 | 82.7% | 8.4% |
| 营收同比 | -2.9% | 3.5% |
| 净利润同比 | 84.0% | -12.0% |
| 每股收益（稀释后） | $3.24 | $1.26 |
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APPRPM
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.1B | $1.5B |
净利润APPRPM
| Q4 25 | $1.1B | $161.2M | ||
| Q3 25 | $835.5M | $227.6M | ||
| Q2 25 | $819.5M | $225.8M | ||
| Q1 25 | $576.4M | $52.0M | ||
| Q4 24 | $599.2M | $183.2M | ||
| Q3 24 | $434.4M | $227.7M | ||
| Q2 24 | $310.0M | $180.6M | ||
| Q1 24 | $236.2M | $61.2M |
毛利率APPRPM
| Q4 25 | 95.2% | 40.8% | ||
| Q3 25 | 87.6% | 42.3% | ||
| Q2 25 | 87.7% | 42.4% | ||
| Q1 25 | 81.7% | 38.4% | ||
| Q4 24 | 76.7% | 41.4% | ||
| Q3 24 | 77.5% | 42.5% | ||
| Q2 24 | 73.8% | 41.4% | ||
| Q1 24 | 72.2% | 39.9% |
营业利润率APPRPM
| Q4 25 | — | 11.0% | ||
| Q3 25 | 76.8% | 14.1% | ||
| Q2 25 | 76.1% | 11.9% | ||
| Q1 25 | 44.7% | 2.8% | ||
| Q4 24 | 44.3% | 11.5% | ||
| Q3 24 | 44.6% | 14.8% | ||
| Q2 24 | 36.2% | 11.9% | ||
| Q1 24 | 32.1% | 5.5% |
净利率APPRPM
| Q4 25 | 82.7% | 8.4% | ||
| Q3 25 | 59.5% | 10.8% | ||
| Q2 25 | 65.1% | 10.8% | ||
| Q1 25 | 38.8% | 3.5% | ||
| Q4 24 | 43.6% | 9.9% | ||
| Q3 24 | 36.3% | 11.6% | ||
| Q2 24 | 28.7% | 9.0% | ||
| Q1 24 | 22.3% | 4.0% |
每股收益（稀释后）APPRPM
| Q4 25 | $3.24 | $1.26 | ||
| Q3 25 | $2.45 | $1.77 | ||
| Q2 25 | $2.39 | $1.76 | ||
| Q1 25 | $1.67 | $0.40 | ||
| Q4 24 | $1.72 | $1.42 | ||
| Q3 24 | $1.25 | $1.77 | ||
| Q2 24 | $0.89 | $1.40 | ||
| Q1 24 | $0.67 | $0.47 |
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 | $316.6M |
| 总债务越低越好 | $3.5B | $2.5B |
| 股东权益账面价值 | $2.1B | $3.1B |
| 总资产 | $7.3B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.65× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资APPRPM
| Q4 25 | $2.5B | $316.6M | ||
| Q3 25 | $1.7B | $297.1M | ||
| Q2 25 | $1.2B | $302.1M | ||
| Q1 25 | $551.0M | $241.9M | ||
| Q4 24 | $741.4M | $268.7M | ||
| Q3 24 | $567.6M | $231.6M | ||
| Q2 24 | $460.4M | $237.4M | ||
| Q1 24 | $436.3M | $248.9M |
总债务APPRPM
| Q4 25 | $3.5B | $2.5B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $3.5B | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益APPRPM
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $1.5B | $3.1B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $575.4M | $2.7B | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | $938.2M | $2.6B | ||
| Q2 24 | $814.8M | $2.5B | ||
| Q1 24 | $760.2M | $2.3B |
总资产APPRPM
| Q4 25 | $7.3B | $7.9B | ||
| Q3 25 | $6.3B | $7.9B | ||
| Q2 25 | $6.0B | $7.8B | ||
| Q1 25 | $5.7B | $6.6B | ||
| Q4 24 | $5.9B | $6.7B | ||
| Q3 24 | $5.4B | $6.6B | ||
| Q2 24 | $5.3B | $6.6B | ||
| Q1 24 | $5.3B | $6.4B |
负债/权益比APPRPM
| Q4 25 | 1.65× | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 3.22× | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | — | $296.4M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | 1.19× | 2.14× |
| 过去12个月自由现金流最近4个季度 | — | $582.9M |
8季度趋势，按日历期对齐
经营现金流APPRPM
| Q4 25 | $1.3B | $345.7M | ||
| Q3 25 | $1.1B | $237.5M | ||
| Q2 25 | $772.2M | $149.2M | ||
| Q1 25 | $831.7M | $91.5M | ||
| Q4 24 | $701.0M | $279.4M | ||
| Q3 24 | $550.7M | $248.1M | ||
| Q2 24 | $454.5M | $181.2M | ||
| Q1 24 | $392.8M | $173.4M |
自由现金流APPRPM
| Q4 25 | — | $296.4M | ||
| Q3 25 | — | $175.0M | ||
| Q2 25 | — | $78.2M | ||
| Q1 25 | — | $33.3M | ||
| Q4 24 | — | $229.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $105.3M | ||
| Q1 24 | — | $124.6M |
自由现金流率APPRPM
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | — | 10.0% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 8.2% |
资本支出强度APPRPM
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 3.2% |
现金转化率APPRPM
| Q4 25 | 1.19× | 2.14× | ||
| Q3 25 | 1.26× | 1.04× | ||
| Q2 25 | 0.94× | 0.66× | ||
| Q1 25 | 1.44× | 1.76× | ||
| Q4 24 | 1.17× | 1.53× | ||
| Q3 24 | 1.27× | 1.09× | ||
| Q2 24 | 1.47× | 1.00× | ||
| Q1 24 | 1.66× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
