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AppLovin Corp（APP）与TUTOR PERINI CORP（TPC）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TUTOR PERINI CORP的1.2倍（$1.8B vs $1.5B），AppLovin Corp净利率更高（65.5% vs 1.9%，领先63.5%），AppLovin Corp同比增速更快（59.0% vs 41.2%），AppLovin Corp自由现金流更多（$1.3B vs $98.7M），过去两年AppLovin Corp的营收复合增速更高（30.6% vs 19.9%）
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。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
APP vs TPC — 直观对比
营收规模更大
APP
是对方的1.2倍
$1.5B
营收增速更快
APP
高出17.8%
41.2%
净利率更高
APP
高出63.5%
1.9%
自由现金流更多
APP
多$1.2B
$98.7M
两年增速更快
APP
近两年复合增速
19.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.5B |
| 净利润 | $1.2B | $28.8M |
| 毛利率 | 88.9% | 9.8% |
| 营业利润率 | 78.2% | 3.3% |
| 净利率 | 65.5% | 1.9% |
| 营收同比 | 59.0% | 41.2% |
| 净利润同比 | 109.2% | 136.3% |
| 每股收益（稀释后） | $3.56 | $0.53 |
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APPTPC
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
净利润APPTPC
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.1B | $28.8M | ||
| Q3 25 | $835.5M | $3.6M | ||
| Q2 25 | $819.5M | $20.0M | ||
| Q1 25 | $576.4M | $28.0M | ||
| Q4 24 | $599.2M | $-79.4M | ||
| Q3 24 | $434.4M | $-100.9M | ||
| Q2 24 | $310.0M | $812.0K |
毛利率APPTPC
| Q1 26 | 88.9% | — | ||
| Q4 25 | 95.2% | 9.8% | ||
| Q3 25 | 87.6% | 12.0% | ||
| Q2 25 | 87.7% | 14.3% | ||
| Q1 25 | 81.7% | 10.8% | ||
| Q4 24 | 76.7% | -0.9% | ||
| Q3 24 | 77.5% | -2.4% | ||
| Q2 24 | 73.8% | 10.4% |
营业利润率APPTPC
| Q1 26 | 78.2% | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | 76.8% | 2.8% | ||
| Q2 25 | 76.1% | 5.6% | ||
| Q1 25 | 44.7% | 5.2% | ||
| Q4 24 | 44.3% | -8.1% | ||
| Q3 24 | 44.6% | -9.9% | ||
| Q2 24 | 36.2% | 3.6% |
净利率APPTPC
| Q1 26 | 65.5% | — | ||
| Q4 25 | 82.7% | 1.9% | ||
| Q3 25 | 59.5% | 0.3% | ||
| Q2 25 | 65.1% | 1.5% | ||
| Q1 25 | 38.8% | 2.2% | ||
| Q4 24 | 43.6% | -7.4% | ||
| Q3 24 | 36.3% | -9.3% | ||
| Q2 24 | 28.7% | 0.1% |
每股收益（稀释后）APPTPC
| Q1 26 | $3.56 | — | ||
| Q4 25 | $3.24 | $0.53 | ||
| Q3 25 | $2.45 | $0.07 | ||
| Q2 25 | $2.39 | $0.38 | ||
| Q1 25 | $1.67 | $0.53 | ||
| Q4 24 | $1.72 | $-1.53 | ||
| Q3 24 | $1.25 | $-1.92 | ||
| Q2 24 | $0.89 | $0.02 |
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 | $734.6M |
| 总债务越低越好 | $3.5B | $407.4M |
| 股东权益账面价值 | $2.4B | $1.2B |
| 总资产 | $7.7B | $5.2B |
| 负债/权益比越低杠杆越低 | 1.49× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资APPTPC
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.5B | $734.6M | ||
| Q3 25 | $1.7B | $695.7M | ||
| Q2 25 | $1.2B | $526.1M | ||
| Q1 25 | $551.0M | $276.5M | ||
| Q4 24 | $741.4M | $455.1M | ||
| Q3 24 | $567.6M | $287.4M | ||
| Q2 24 | $460.4M | $267.1M |
总债务APPTPC
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $407.4M | ||
| Q3 25 | — | $413.1M | ||
| Q2 25 | — | $419.4M | ||
| Q1 25 | — | $405.6M | ||
| Q4 24 | $3.5B | $534.1M | ||
| Q3 24 | — | $681.4M | ||
| Q2 24 | — | $676.4M |
股东权益APPTPC
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $575.4M | $1.2B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $938.2M | $1.2B | ||
| Q2 24 | $814.8M | $1.3B |
总资产APPTPC
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.3B | $5.2B | ||
| Q3 25 | $6.3B | $5.2B | ||
| Q2 25 | $6.0B | $4.9B | ||
| Q1 25 | $5.7B | $4.5B | ||
| Q4 24 | $5.9B | $4.2B | ||
| Q3 24 | $5.4B | $4.4B | ||
| Q2 24 | $5.3B | $4.3B |
负债/权益比APPTPC
| Q1 26 | 1.49× | — | ||
| Q4 25 | 1.65× | 0.33× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | 3.22× | 0.47× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 0.52× |
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 | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $98.7M |
| 自由现金流率自由现金流/营收 | 69.8% | 6.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | 1.07× | 6.02× |
| 过去12个月自由现金流最近4个季度 | — | $567.2M |
8季度趋势，按日历期对齐
经营现金流APPTPC
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $173.7M | ||
| Q3 25 | $1.1B | $289.1M | ||
| Q2 25 | $772.2M | $262.4M | ||
| Q1 25 | $831.7M | $22.9M | ||
| Q4 24 | $701.0M | $329.6M | ||
| Q3 24 | $550.7M | $22.6M | ||
| Q2 24 | $454.5M | $53.1M |
自由现金流APPTPC
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $98.7M | ||
| Q3 25 | — | $240.2M | ||
| Q2 25 | — | $235.6M | ||
| Q1 25 | — | $-7.2M | ||
| Q4 24 | — | $320.4M | ||
| Q3 24 | — | $15.6M | ||
| Q2 24 | — | $42.2M |
自由现金流率APPTPC
| Q1 26 | 69.8% | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | -0.6% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 3.7% |
资本支出强度APPTPC
| Q1 26 | — | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% |
现金转化率APPTPC
| Q1 26 | 1.07× | — | ||
| Q4 25 | 1.19× | 6.02× | ||
| Q3 25 | 1.26× | 79.63× | ||
| Q2 25 | 0.94× | 13.14× | ||
| Q1 25 | 1.44× | 0.82× | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.47× | 65.44× |
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
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
