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AppLovin Corp（APP）与Take-Two Interactive（TTWO）财务数据对比。点击上方公司名可切换其他公司
Take-Two Interactive的季度营收约是AppLovin Corp的1.3倍（$1.7B vs $1.3B），AppLovin Corp净利率更高（82.7% vs -5.5%，领先88.2%），Take-Two Interactive同比增速更快（24.9% vs -2.9%），过去两年AppLovin Corp的营收复合增速更高（12.2% vs 10.2%）
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。
Take-Two Interactive是总部位于美国纽约的电子游戏控股企业，由瑞安·布兰特于1993年9月创立，在全球互动娱乐领域拥有较高影响力，业务覆盖游戏研发、发行与运营等核心环节。
APP vs TTWO — 直观对比
营收规模更大
TTWO
是对方的1.3倍
$1.3B
营收增速更快
TTWO
高出27.9%
-2.9%
净利率更高
APP
高出88.2%
-5.5%
两年增速更快
APP
近两年复合增速
10.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $1.1B | $-92.9M |
| 毛利率 | 95.2% | 55.7% |
| 营业利润率 | — | -2.3% |
| 净利率 | 82.7% | -5.5% |
| 营收同比 | -2.9% | 24.9% |
| 净利润同比 | 84.0% | 25.8% |
| 每股收益（稀释后） | $3.24 | $-0.50 |
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APPTTWO
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.1B | $1.4B |
净利润APPTTWO
| Q4 25 | $1.1B | $-92.9M | ||
| Q3 25 | $835.5M | $-133.9M | ||
| Q2 25 | $819.5M | $-11.9M | ||
| Q1 25 | $576.4M | $-3.7B | ||
| Q4 24 | $599.2M | $-125.2M | ||
| Q3 24 | $434.4M | $-365.5M | ||
| Q2 24 | $310.0M | $-262.0M | ||
| Q1 24 | $236.2M | $-2.9B |
毛利率APPTTWO
| Q4 25 | 95.2% | 55.7% | ||
| Q3 25 | 87.6% | 55.3% | ||
| Q2 25 | 87.7% | 62.8% | ||
| Q1 25 | 81.7% | 50.8% | ||
| Q4 24 | 76.7% | 55.9% | ||
| Q3 24 | 77.5% | 53.8% | ||
| Q2 24 | 73.8% | 57.6% | ||
| Q1 24 | 72.2% | 33.5% |
营业利润率APPTTWO
| Q4 25 | — | -2.3% | ||
| Q3 25 | 76.8% | -5.5% | ||
| Q2 25 | 76.1% | 1.4% | ||
| Q1 25 | 44.7% | -238.7% | ||
| Q4 24 | 44.3% | -9.7% | ||
| Q3 24 | 44.6% | -22.0% | ||
| Q2 24 | 36.2% | -13.8% | ||
| Q1 24 | 32.1% | -193.9% |
净利率APPTTWO
| Q4 25 | 82.7% | -5.5% | ||
| Q3 25 | 59.5% | -7.5% | ||
| Q2 25 | 65.1% | -0.8% | ||
| Q1 25 | 38.8% | -235.5% | ||
| Q4 24 | 43.6% | -9.2% | ||
| Q3 24 | 36.3% | -27.0% | ||
| Q2 24 | 28.7% | -19.6% | ||
| Q1 24 | 22.3% | -207.4% |
每股收益（稀释后）APPTTWO
| Q4 25 | $3.24 | $-0.50 | ||
| Q3 25 | $2.45 | $-0.73 | ||
| Q2 25 | $2.39 | $-0.07 | ||
| Q1 25 | $1.67 | $-21.27 | ||
| Q4 24 | $1.72 | $-0.71 | ||
| Q3 24 | $1.25 | $-2.08 | ||
| Q2 24 | $0.89 | $-1.52 | ||
| Q1 24 | $0.67 | $-17.05 |
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 | $2.4B |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $2.1B | $3.5B |
| 总资产 | $7.3B | $10.0B |
| 负债/权益比越低杠杆越低 | 1.65× | — |
8季度趋势，按日历期对齐
现金及短期投资APPTTWO
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $551.0M | $1.5B | ||
| Q4 24 | $741.4M | $1.2B | ||
| Q3 24 | $567.6M | $879.6M | ||
| Q2 24 | $460.4M | $1.1B | ||
| Q1 24 | $436.3M | $776.0M |
总债务APPTTWO
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APPTTWO
| Q4 25 | $2.1B | $3.5B | ||
| Q3 25 | $1.5B | $3.4B | ||
| Q2 25 | $1.2B | $3.5B | ||
| Q1 25 | $575.4M | $2.1B | ||
| Q4 24 | $1.1B | $5.7B | ||
| Q3 24 | $938.2M | $5.8B | ||
| Q2 24 | $814.8M | $6.0B | ||
| Q1 24 | $760.2M | $5.7B |
总资产APPTTWO
| Q4 25 | $7.3B | $10.0B | ||
| Q3 25 | $6.3B | $10.1B | ||
| Q2 25 | $6.0B | $9.7B | ||
| Q1 25 | $5.7B | $9.2B | ||
| Q4 24 | $5.9B | $12.7B | ||
| Q3 24 | $5.4B | $13.1B | ||
| Q2 24 | $5.3B | $12.9B | ||
| Q1 24 | $5.3B | $12.2B |
负债/权益比APPTTWO
| Q4 25 | 1.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $305.2M |
| 自由现金流经营现金流 - 资本支出 | — | $236.2M |
| 自由现金流率自由现金流/营收 | — | 13.9% |
| 资本支出强度资本支出/营收 | — | 4.1% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | — | $487.8M |
8季度趋势，按日历期对齐
经营现金流APPTTWO
| Q4 25 | $1.3B | $305.2M | ||
| Q3 25 | $1.1B | $128.4M | ||
| Q2 25 | $772.2M | $-44.7M | ||
| Q1 25 | $831.7M | $279.0M | ||
| Q4 24 | $701.0M | $-4.8M | ||
| Q3 24 | $550.7M | $-128.4M | ||
| Q2 24 | $454.5M | $-191.0M | ||
| Q1 24 | $392.8M | $-8.9M |
自由现金流APPTTWO
| Q4 25 | — | $236.2M | ||
| Q3 25 | — | $96.5M | ||
| Q2 25 | — | $-69.8M | ||
| Q1 25 | — | $224.9M | ||
| Q4 24 | — | $-48.2M | ||
| Q3 24 | — | $-165.2M | ||
| Q2 24 | — | $-226.1M | ||
| Q1 24 | — | $-55.1M |
自由现金流率APPTTWO
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | -12.2% | ||
| Q2 24 | — | -16.9% | ||
| Q1 24 | — | -3.9% |
资本支出强度APPTTWO
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 3.3% |
现金转化率APPTTWO
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 1.66× | — |
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% |
TTWO
暂无分部数据
