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AppLovin Corp（APP）与STIFEL FINANCIAL CORP（SF）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STIFEL FINANCIAL CORP的1.1倍（$1.8B vs $1.7B），AppLovin Corp净利率更高（65.5% vs 15.1%，领先50.4%），AppLovin Corp同比增速更快（59.0% vs 17.7%），过去两年STIFEL FINANCIAL CORP的营收复合增速更高（44.4% vs 30.6%）
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。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
APP vs SF — 直观对比
营收规模更大
APP
是对方的1.1倍
$1.7B
营收增速更快
APP
高出41.2%
17.7%
净利率更高
APP
高出50.4%
15.1%
两年增速更快
SF
近两年复合增速
30.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.7B |
| 净利润 | $1.2B | $251.4M |
| 毛利率 | 88.9% | — |
| 营业利润率 | 78.2% | 30.8% |
| 净利率 | 65.5% | 15.1% |
| 营收同比 | 59.0% | 17.7% |
| 净利润同比 | 109.2% | 374.4% |
| 每股收益（稀释后） | $3.56 | $1.48 |
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APPSF
| Q1 26 | $1.8B | $1.7B | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.4B | $962.6M | ||
| Q2 25 | $1.3B | $838.9M | ||
| Q1 25 | $1.5B | $842.5M | ||
| Q4 24 | $1.4B | $916.0M | ||
| Q3 24 | $1.2B | $810.9M | ||
| Q2 24 | $1.1B | $798.9M |
净利润APPSF
| Q1 26 | $1.2B | $251.4M | ||
| Q4 25 | $1.1B | $264.4M | ||
| Q3 25 | $835.5M | $211.4M | ||
| Q2 25 | $819.5M | $155.1M | ||
| Q1 25 | $576.4M | $53.0M | ||
| Q4 24 | $599.2M | $244.0M | ||
| Q3 24 | $434.4M | $158.5M | ||
| Q2 24 | $310.0M | $165.3M |
毛利率APPSF
| Q1 26 | 88.9% | — | ||
| 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% | — |
营业利润率APPSF
| Q1 26 | 78.2% | 30.8% | ||
| Q4 25 | — | 27.3% | ||
| Q3 25 | 76.8% | 29.7% | ||
| Q2 25 | 76.1% | 25.5% | ||
| Q1 25 | 44.7% | 7.5% | ||
| Q4 24 | 44.3% | 29.1% | ||
| Q3 24 | 44.6% | 26.7% | ||
| Q2 24 | 36.2% | 28.4% |
净利率APPSF
| Q1 26 | 65.5% | 15.1% | ||
| Q4 25 | 82.7% | 23.5% | ||
| Q3 25 | 59.5% | 22.0% | ||
| Q2 25 | 65.1% | 18.5% | ||
| Q1 25 | 38.8% | 6.3% | ||
| Q4 24 | 43.6% | 26.6% | ||
| Q3 24 | 36.3% | 19.5% | ||
| Q2 24 | 28.7% | 20.7% |
每股收益（稀释后）APPSF
| Q1 26 | $3.56 | $1.48 | ||
| Q4 25 | $3.24 | $2.30 | ||
| Q3 25 | $2.45 | $1.84 | ||
| Q2 25 | $2.39 | $1.34 | ||
| Q1 25 | $1.67 | $0.39 | ||
| Q4 24 | $1.72 | $2.10 | ||
| Q3 24 | $1.25 | $1.34 | ||
| Q2 24 | $0.89 | $1.41 |
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 | $2.8B | — |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.4B | $332.3M |
| 总资产 | $7.7B | $42.9B |
| 负债/权益比越低杠杆越低 | 1.49× | — |
8季度趋势，按日历期对齐
现金及短期投资APPSF
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.5B | $2.3B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $551.0M | $2.7B | ||
| Q4 24 | $741.4M | $2.6B | ||
| Q3 24 | $567.6M | $1.9B | ||
| Q2 24 | $460.4M | $2.6B |
总债务APPSF
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $617.4M | ||
| Q3 25 | — | $617.2M | ||
| Q2 25 | — | $617.0M | ||
| Q1 25 | — | $616.8M | ||
| Q4 24 | $3.5B | $616.6M | ||
| Q3 24 | — | $616.4M | ||
| Q2 24 | — | $1.1B |
股东权益APPSF
| Q1 26 | $2.4B | $332.3M | ||
| Q4 25 | $2.1B | $6.0B | ||
| Q3 25 | $1.5B | $5.8B | ||
| Q2 25 | $1.2B | $5.6B | ||
| Q1 25 | $575.4M | $5.5B | ||
| Q4 24 | $1.1B | $5.7B | ||
| Q3 24 | $938.2M | $5.6B | ||
| Q2 24 | $814.8M | $5.4B |
总资产APPSF
| Q1 26 | $7.7B | $42.9B | ||
| Q4 25 | $7.3B | $41.3B | ||
| Q3 25 | $6.3B | $41.7B | ||
| Q2 25 | $6.0B | $39.9B | ||
| Q1 25 | $5.7B | $40.4B | ||
| Q4 24 | $5.9B | $39.9B | ||
| Q3 24 | $5.4B | $38.9B | ||
| Q2 24 | $5.3B | $37.8B |
负债/权益比APPSF
| Q1 26 | 1.49× | — | ||
| Q4 25 | 1.65× | 0.10× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | 3.22× | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.21× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.3B | — |
| 自由现金流率自由现金流/营收 | 69.8% | — |
| 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 | 1.07× | — |
| 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APPSF
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $382.4M | ||
| Q3 25 | $1.1B | $338.3M | ||
| Q2 25 | $772.2M | $607.5M | ||
| Q1 25 | $831.7M | $-211.2M | ||
| Q4 24 | $701.0M | $694.6M | ||
| Q3 24 | $550.7M | $198.3M | ||
| Q2 24 | $454.5M | $207.2M |
自由现金流APPSF
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $369.0M | ||
| Q3 25 | — | $321.1M | ||
| Q2 25 | — | $592.7M | ||
| Q1 25 | — | $-227.8M | ||
| Q4 24 | — | $677.2M | ||
| Q3 24 | — | $185.6M | ||
| Q2 24 | — | $173.3M |
自由现金流率APPSF
| Q1 26 | 69.8% | — | ||
| Q4 25 | — | 32.7% | ||
| Q3 25 | — | 33.4% | ||
| Q2 25 | — | 70.6% | ||
| Q1 25 | — | -27.0% | ||
| Q4 24 | — | 73.9% | ||
| Q3 24 | — | 22.9% | ||
| Q2 24 | — | 21.7% |
资本支出强度APPSF
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 4.2% |
现金转化率APPSF
| Q1 26 | 1.07× | — | ||
| Q4 25 | 1.19× | 1.45× | ||
| Q3 25 | 1.26× | 1.60× | ||
| Q2 25 | 0.94× | 3.92× | ||
| Q1 25 | 1.44× | -3.99× | ||
| Q4 24 | 1.17× | 2.85× | ||
| Q3 24 | 1.27× | 1.25× | ||
| Q2 24 | 1.47× | 1.25× |
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
暂无分部数据
SF
| Other | $506.7M | 30% |
| Asset management | $459.5M | 28% |
| Investment banking | $341.4M | 20% |
| Commissions | $207.8M | 12% |
| Principal transactions | $150.2M | 9% |
