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AppLovin Corp（APP）与Taylor Morrison Home Corp（TMHC）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Taylor Morrison Home Corp的1.3倍（$1.8B vs $1.4B），AppLovin Corp净利率更高（65.5% vs 7.1%，领先58.3%），AppLovin Corp同比增速更快（59.0% vs -26.8%），过去两年AppLovin Corp的营收复合增速更高（30.6% vs -16.5%）
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。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
APP vs TMHC — 直观对比
营收规模更大
APP
是对方的1.3倍
$1.4B
营收增速更快
APP
高出85.8%
-26.8%
净利率更高
APP
高出58.3%
7.1%
两年增速更快
APP
近两年复合增速
-16.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.4B |
| 净利润 | $1.2B | $98.6M |
| 毛利率 | 88.9% | 21.0% |
| 营业利润率 | 78.2% | — |
| 净利率 | 65.5% | 7.1% |
| 营收同比 | 59.0% | -26.8% |
| 净利润同比 | 109.2% | -53.8% |
| 每股收益（稀释后） | $3.56 | $1.12 |
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APPTMHC
| Q1 26 | $1.8B | $1.4B | ||
| Q4 25 | $1.3B | $2.1B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.5B | $1.9B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.1B | $2.0B |
净利润APPTMHC
| Q1 26 | $1.2B | $98.6M | ||
| Q4 25 | $1.1B | $174.0M | ||
| Q3 25 | $835.5M | $201.4M | ||
| Q2 25 | $819.5M | $193.6M | ||
| Q1 25 | $576.4M | $213.5M | ||
| Q4 24 | $599.2M | $242.5M | ||
| Q3 24 | $434.4M | $251.1M | ||
| Q2 24 | $310.0M | $199.5M |
毛利率APPTMHC
| Q1 26 | 88.9% | 21.0% | ||
| Q4 25 | 95.2% | 22.0% | ||
| Q3 25 | 87.6% | 22.7% | ||
| Q2 25 | 87.7% | 23.0% | ||
| Q1 25 | 81.7% | 24.4% | ||
| Q4 24 | 76.7% | 23.9% | ||
| Q3 24 | 77.5% | 25.0% | ||
| Q2 24 | 73.8% | 23.7% |
营业利润率APPTMHC
| Q1 26 | 78.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 76.8% | — | ||
| Q2 25 | 76.1% | — | ||
| Q1 25 | 44.7% | — | ||
| Q4 24 | 44.3% | — | ||
| Q3 24 | 44.6% | — | ||
| Q2 24 | 36.2% | — |
净利率APPTMHC
| Q1 26 | 65.5% | 7.1% | ||
| Q4 25 | 82.7% | 8.3% | ||
| Q3 25 | 59.5% | 9.6% | ||
| Q2 25 | 65.1% | 9.5% | ||
| Q1 25 | 38.8% | 11.3% | ||
| Q4 24 | 43.6% | 10.3% | ||
| Q3 24 | 36.3% | 11.8% | ||
| Q2 24 | 28.7% | 10.0% |
每股收益（稀释后）APPTMHC
| Q1 26 | $3.56 | $1.12 | ||
| Q4 25 | $3.24 | $1.77 | ||
| Q3 25 | $2.45 | $2.01 | ||
| Q2 25 | $2.39 | $1.92 | ||
| Q1 25 | $1.67 | $2.07 | ||
| Q4 24 | $1.72 | $2.29 | ||
| Q3 24 | $1.25 | $2.37 | ||
| Q2 24 | $0.89 | $1.86 |
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 | $652.9M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.4B | $6.2B |
| 总资产 | $7.7B | $9.8B |
| 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APPTMHC
| Q1 26 | $2.8B | $652.9M | ||
| Q4 25 | $2.5B | $850.0M | ||
| Q3 25 | $1.7B | $370.6M | ||
| Q2 25 | $1.2B | $130.2M | ||
| Q1 25 | $551.0M | $377.8M | ||
| Q4 24 | $741.4M | $487.2M | ||
| Q3 24 | $567.6M | $256.4M | ||
| Q2 24 | $460.4M | $246.8M |
总债务APPTMHC
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $3.5B | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.2B |
股东权益APPTMHC
| Q1 26 | $2.4B | $6.2B | ||
| Q4 25 | $2.1B | $6.3B | ||
| Q3 25 | $1.5B | $6.2B | ||
| Q2 25 | $1.2B | $6.1B | ||
| Q1 25 | $575.4M | $6.0B | ||
| Q4 24 | $1.1B | $5.9B | ||
| Q3 24 | $938.2M | $5.7B | ||
| Q2 24 | $814.8M | $5.5B |
总资产APPTMHC
| Q1 26 | $7.7B | $9.8B | ||
| Q4 25 | $7.3B | $9.8B | ||
| Q3 25 | $6.3B | $9.6B | ||
| Q2 25 | $6.0B | $9.5B | ||
| Q1 25 | $5.7B | $9.4B | ||
| Q4 24 | $5.9B | $9.3B | ||
| Q3 24 | $5.4B | $9.3B | ||
| Q2 24 | $5.3B | $9.1B |
负债/权益比APPTMHC
| Q1 26 | 1.49× | — | ||
| Q4 25 | 1.65× | 0.36× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | 3.22× | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× |
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APPTMHC
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $646.4M | ||
| Q3 25 | $1.1B | $219.6M | ||
| Q2 25 | $772.2M | $-126.0M | ||
| Q1 25 | $831.7M | $77.2M | ||
| Q4 24 | $701.0M | $438.2M | ||
| Q3 24 | $550.7M | $135.9M | ||
| Q2 24 | $454.5M | $-233.3M |
自由现金流APPTMHC
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $635.3M | ||
| Q3 25 | — | $206.6M | ||
| Q2 25 | — | $-133.6M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | — | $428.2M | ||
| Q3 24 | — | $127.1M | ||
| Q2 24 | — | $-241.7M |
自由现金流率APPTMHC
| Q1 26 | 69.8% | — | ||
| Q4 25 | — | 30.3% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | -12.1% |
资本支出强度APPTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% |
现金转化率APPTMHC
| Q1 26 | 1.07× | — | ||
| Q4 25 | 1.19× | 3.71× | ||
| Q3 25 | 1.26× | 1.09× | ||
| Q2 25 | 0.94× | -0.65× | ||
| Q1 25 | 1.44× | 0.36× | ||
| Q4 24 | 1.17× | 1.81× | ||
| Q3 24 | 1.27× | 0.54× | ||
| Q2 24 | 1.47× | -1.17× |
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
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
