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AppLovin Corp（APP）与Virtu Financial, Inc.（VIRT）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Virtu Financial, Inc.的1.4倍（$1.3B vs $969.9M），AppLovin Corp净利率更高（82.7% vs 14.4%，领先68.3%），Virtu Financial, Inc.同比增速更快（16.3% vs -2.9%），过去两年Virtu Financial, Inc.的营收复合增速更高（22.8% vs 12.2%）
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。
Virtu Financial, Inc.是一家总部位于美国的高频交易企业，专注于金融市场的自动化交易业务，拥有行业领先的交易技术研发与落地能力，于2015年在纳斯达克证券交易所正式挂牌上市。
APP vs VIRT — 直观对比
营收规模更大
APP
是对方的1.4倍
$969.9M
营收增速更快
VIRT
高出19.2%
-2.9%
净利率更高
APP
高出68.3%
14.4%
两年增速更快
VIRT
近两年复合增速
12.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $969.9M |
| 净利润 | $1.1B | $139.9M |
| 毛利率 | 95.2% | — |
| 营业利润率 | — | 35.4% |
| 净利率 | 82.7% | 14.4% |
| 营收同比 | -2.9% | 16.3% |
| 净利润同比 | 84.0% | 48.7% |
| 每股收益（稀释后） | $3.24 | $1.54 |
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APPVIRT
| Q4 25 | $1.3B | $969.9M | ||
| Q3 25 | $1.4B | $824.8M | ||
| Q2 25 | $1.3B | $999.6M | ||
| Q1 25 | $1.5B | $837.9M | ||
| Q4 24 | $1.4B | $834.3M | ||
| Q3 24 | $1.2B | $706.8M | ||
| Q2 24 | $1.1B | $693.0M | ||
| Q1 24 | $1.1B | $642.8M |
净利润APPVIRT
| Q4 25 | $1.1B | $139.9M | ||
| Q3 25 | $835.5M | $77.6M | ||
| Q2 25 | $819.5M | $151.2M | ||
| Q1 25 | $576.4M | $99.7M | ||
| Q4 24 | $599.2M | $94.1M | ||
| Q3 24 | $434.4M | $60.0M | ||
| Q2 24 | $310.0M | $66.6M | ||
| Q1 24 | $236.2M | $55.8M |
毛利率APPVIRT
| 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% | — | ||
| Q1 24 | 72.2% | — |
营业利润率APPVIRT
| Q4 25 | — | 35.4% | ||
| Q3 25 | 76.8% | 21.8% | ||
| Q2 25 | 76.1% | 34.7% | ||
| Q1 25 | 44.7% | 26.7% | ||
| Q4 24 | 44.3% | 24.3% | ||
| Q3 24 | 44.6% | 20.8% | ||
| Q2 24 | 36.2% | 22.4% | ||
| Q1 24 | 32.1% | 21.8% |
净利率APPVIRT
| Q4 25 | 82.7% | 14.4% | ||
| Q3 25 | 59.5% | 9.4% | ||
| Q2 25 | 65.1% | 15.1% | ||
| Q1 25 | 38.8% | 11.9% | ||
| Q4 24 | 43.6% | 11.3% | ||
| Q3 24 | 36.3% | 8.5% | ||
| Q2 24 | 28.7% | 9.6% | ||
| Q1 24 | 22.3% | 8.7% |
每股收益（稀释后）APPVIRT
| Q4 25 | $3.24 | $1.54 | ||
| Q3 25 | $2.45 | $0.86 | ||
| Q2 25 | $2.39 | $1.65 | ||
| Q1 25 | $1.67 | $1.08 | ||
| Q4 24 | $1.72 | $1.03 | ||
| Q3 24 | $1.25 | $0.64 | ||
| Q2 24 | $0.89 | $0.71 | ||
| Q1 24 | $0.67 | $0.59 |
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 | $1.1B |
| 总债务越低越好 | $3.5B | $2.0B |
| 股东权益账面价值 | $2.1B | $1.6B |
| 总资产 | $7.3B | $20.2B |
| 负债/权益比越低杠杆越低 | 1.65× | 1.29× |
8季度趋势，按日历期对齐
现金及短期投资APPVIRT
| Q4 25 | $2.5B | $1.1B | ||
| Q3 25 | $1.7B | $707.9M | ||
| Q2 25 | $1.2B | $752.1M | ||
| Q1 25 | $551.0M | $723.6M | ||
| Q4 24 | $741.4M | $872.5M | ||
| Q3 24 | $567.6M | $701.4M | ||
| Q2 24 | $460.4M | $684.8M | ||
| Q1 24 | $436.3M | $399.6M |
总债务APPVIRT
| Q4 25 | $3.5B | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $3.5B | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
股东权益APPVIRT
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $575.4M | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $938.2M | $1.2B | ||
| Q2 24 | $814.8M | $1.2B | ||
| Q1 24 | $760.2M | $1.2B |
总资产APPVIRT
| Q4 25 | $7.3B | $20.2B | ||
| Q3 25 | $6.3B | $21.3B | ||
| Q2 25 | $6.0B | $19.3B | ||
| Q1 25 | $5.7B | $17.5B | ||
| Q4 24 | $5.9B | $15.4B | ||
| Q3 24 | $5.4B | $14.4B | ||
| Q2 24 | $5.3B | $13.9B | ||
| Q1 24 | $5.3B | $12.8B |
负债/权益比APPVIRT
| Q4 25 | 1.65× | 1.29× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.33× | ||
| Q4 24 | 3.22× | 1.39× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | — | 1.42× |
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 | $518.4M |
| 自由现金流经营现金流 - 资本支出 | — | $495.6M |
| 自由现金流率自由现金流/营收 | — | 51.1% |
| 资本支出强度资本支出/营收 | — | 2.4% |
| 现金转化率经营现金流/净利润 | 1.19× | 3.71× |
| 过去12个月自由现金流最近4个季度 | — | $485.6M |
8季度趋势，按日历期对齐
经营现金流APPVIRT
| Q4 25 | $1.3B | $518.4M | ||
| Q3 25 | $1.1B | $-68.7M | ||
| Q2 25 | $772.2M | $62.8M | ||
| Q1 25 | $831.7M | $15.0M | ||
| Q4 24 | $701.0M | $599.0M | ||
| Q3 24 | $550.7M | $112.1M | ||
| Q2 24 | $454.5M | $490.8M | ||
| Q1 24 | $392.8M | $-395.4M |
自由现金流APPVIRT
| Q4 25 | — | $495.6M | ||
| Q3 25 | — | $-76.7M | ||
| Q2 25 | — | $57.6M | ||
| Q1 25 | — | $9.2M | ||
| Q4 24 | — | $586.6M | ||
| Q3 24 | — | $106.2M | ||
| Q2 24 | — | $486.9M | ||
| Q1 24 | — | $-398.2M |
自由现金流率APPVIRT
| Q4 25 | — | 51.1% | ||
| Q3 25 | — | -9.3% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 70.3% | ||
| Q1 24 | — | -61.9% |
资本支出强度APPVIRT
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.4% |
现金转化率APPVIRT
| Q4 25 | 1.19× | 3.71× | ||
| Q3 25 | 1.26× | -0.89× | ||
| Q2 25 | 0.94× | 0.42× | ||
| Q1 25 | 1.44× | 0.15× | ||
| Q4 24 | 1.17× | 6.37× | ||
| Q3 24 | 1.27× | 1.87× | ||
| Q2 24 | 1.47× | 7.37× | ||
| Q1 24 | 1.66× | -7.08× |
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% |
VIRT
暂无分部数据
