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AppLovin Corp（APP）与森萨塔科技（ST）财务数据对比。点击上方公司名可切换其他公司
AppLovin Corp的季度营收约是森萨塔科技的2.0倍（$1.8B vs $934.8M），AppLovin Corp净利率更高（65.5% vs 9.3%，领先56.1%），AppLovin Corp同比增速更快（59.0% vs 2.6%），AppLovin Corp自由现金流更多（$1.3B vs $104.6M），过去两年AppLovin Corp的营收复合增速更高（30.6% vs -5.0%）
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。
森萨塔科技控股有限公司是全球领先的工业科技企业，主营传感器、电气保护及控制解决方案的研发、生产与销售，产品覆盖汽车、工业、航空航天、暖通空调、电信等多个下游领域，服务全球制造类企业客户。
APP vs ST — 直观对比
营收规模更大
APP
是对方的2.0倍
$934.8M
营收增速更快
APP
高出56.4%
2.6%
净利率更高
APP
高出56.1%
9.3%
自由现金流更多
APP
多$1.2B
$104.6M
两年增速更快
APP
近两年复合增速
-5.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $934.8M |
| 净利润 | $1.2B | $87.1M |
| 毛利率 | 88.9% | 30.6% |
| 营业利润率 | 78.2% | 15.1% |
| 净利率 | 65.5% | 9.3% |
| 营收同比 | 59.0% | 2.6% |
| 净利润同比 | 109.2% | 24.6% |
| 每股收益（稀释后） | $3.56 | $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APPST
| Q1 26 | $1.8B | $934.8M | ||
| Q4 25 | $1.3B | $917.9M | ||
| Q3 25 | $1.4B | $932.0M | ||
| Q2 25 | $1.3B | $943.4M | ||
| Q1 25 | $1.5B | $911.3M | ||
| Q4 24 | $1.4B | $907.7M | ||
| Q3 24 | $1.2B | $982.8M | ||
| Q2 24 | $1.1B | $1.0B |
净利润APPST
| Q1 26 | $1.2B | $87.1M | ||
| Q4 25 | $1.1B | $63.2M | ||
| Q3 25 | $835.5M | $-162.5M | ||
| Q2 25 | $819.5M | $60.7M | ||
| Q1 25 | $576.4M | $69.9M | ||
| Q4 24 | $599.2M | $5.8M | ||
| Q3 24 | $434.4M | $-25.0M | ||
| Q2 24 | $310.0M | $71.7M |
毛利率APPST
| Q1 26 | 88.9% | 30.6% | ||
| Q4 25 | 95.2% | 29.0% | ||
| Q3 25 | 87.6% | 27.8% | ||
| Q2 25 | 87.7% | 30.3% | ||
| Q1 25 | 81.7% | 29.9% | ||
| Q4 24 | 76.7% | 27.1% | ||
| Q3 24 | 77.5% | 28.6% | ||
| Q2 24 | 73.8% | 30.0% |
营业利润率APPST
| Q1 26 | 78.2% | 15.1% | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | 76.8% | -13.2% | ||
| Q2 25 | 76.1% | 14.6% | ||
| Q1 25 | 44.7% | 13.4% | ||
| Q4 24 | 44.3% | 8.1% | ||
| Q3 24 | 44.6% | -20.3% | ||
| Q2 24 | 36.2% | 12.5% |
净利率APPST
| Q1 26 | 65.5% | 9.3% | ||
| Q4 25 | 82.7% | 6.9% | ||
| Q3 25 | 59.5% | -17.4% | ||
| Q2 25 | 65.1% | 6.4% | ||
| Q1 25 | 38.8% | 7.7% | ||
| Q4 24 | 43.6% | 0.6% | ||
| Q3 24 | 36.3% | -2.5% | ||
| Q2 24 | 28.7% | 6.9% |
每股收益（稀释后）APPST
| Q1 26 | $3.56 | $0.59 | ||
| Q4 25 | $3.24 | $0.45 | ||
| Q3 25 | $2.45 | $-1.12 | ||
| Q2 25 | $2.39 | $0.41 | ||
| Q1 25 | $1.67 | $0.47 | ||
| Q4 24 | $1.72 | $0.05 | ||
| Q3 24 | $1.25 | $-0.17 | ||
| Q2 24 | $0.89 | $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 | $2.8B | $635.1M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.4B | $2.9B |
| 总资产 | $7.7B | $6.8B |
| 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APPST
| Q1 26 | $2.8B | $635.1M | ||
| Q4 25 | $2.5B | $573.0M | ||
| Q3 25 | $1.7B | $791.3M | ||
| Q2 25 | $1.2B | $661.8M | ||
| Q1 25 | $551.0M | $588.1M | ||
| Q4 24 | $741.4M | $593.7M | ||
| Q3 24 | $567.6M | $506.2M | ||
| Q2 24 | $460.4M | $1.0B |
总债务APPST
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $2.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | $3.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APPST
| Q1 26 | $2.4B | $2.9B | ||
| Q4 25 | $2.1B | $2.8B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $575.4M | $2.8B | ||
| Q4 24 | $1.1B | $2.9B | ||
| Q3 24 | $938.2M | $3.0B | ||
| Q2 24 | $814.8M | $3.0B |
总资产APPST
| Q1 26 | $7.7B | $6.8B | ||
| Q4 25 | $7.3B | $6.8B | ||
| Q3 25 | $6.3B | $7.1B | ||
| Q2 25 | $6.0B | $7.3B | ||
| Q1 25 | $5.7B | $7.2B | ||
| Q4 24 | $5.9B | $7.1B | ||
| Q3 24 | $5.4B | $7.3B | ||
| Q2 24 | $5.3B | $8.2B |
负债/权益比APPST
| Q1 26 | 1.49× | — | ||
| Q4 25 | 1.65× | 1.02× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | 1.11× | ||
| Q3 24 | — | — | ||
| Q2 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 | $122.5M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $104.6M |
| 自由现金流率自由现金流/营收 | 69.8% | 11.2% |
| 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× | 1.41× |
| 过去12个月自由现金流最近4个季度 | — | $508.3M |
8季度趋势，按日历期对齐
经营现金流APPST
| Q1 26 | $1.3B | $122.5M | ||
| Q4 25 | $1.3B | $201.5M | ||
| Q3 25 | $1.1B | $159.9M | ||
| Q2 25 | $772.2M | $140.9M | ||
| Q1 25 | $831.7M | $119.2M | ||
| Q4 24 | $701.0M | $170.7M | ||
| Q3 24 | $550.7M | $130.9M | ||
| Q2 24 | $454.5M | $143.5M |
自由现金流APPST
| Q1 26 | $1.3B | $104.6M | ||
| Q4 25 | — | $151.9M | ||
| Q3 25 | — | $136.2M | ||
| Q2 25 | — | $115.5M | ||
| Q1 25 | — | $86.6M | ||
| Q4 24 | — | $138.9M | ||
| Q3 24 | — | $91.3M | ||
| Q2 24 | — | $98.4M |
自由现金流率APPST
| Q1 26 | 69.8% | 11.2% | ||
| Q4 25 | — | 16.6% | ||
| Q3 25 | — | 14.6% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 9.5% |
资本支出强度APPST
| Q1 26 | — | — | ||
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 4.4% |
现金转化率APPST
| Q1 26 | 1.07× | 1.41× | ||
| Q4 25 | 1.19× | 3.19× | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 0.94× | 2.32× | ||
| Q1 25 | 1.44× | 1.70× | ||
| Q4 24 | 1.17× | 29.50× | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.47× | 2.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
