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AppLovin Corp（APP）与Veralto（VLTO）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Veralto的1.3倍（$1.8B vs $1.4B），AppLovin Corp净利率更高（65.5% vs 17.0%，领先48.4%），AppLovin Corp同比增速更快（59.0% vs 4.4%），AppLovin Corp自由现金流更多（$1.3B vs $258.0M），过去两年AppLovin Corp的营收复合增速更高（30.6% vs 5.8%）
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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
APP vs VLTO — 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54.6%
4.4%
净利率更高
APP
高出48.4%
17.0%
自由现金流更多
APP
多$1.0B
$258.0M
两年增速更快
APP
近两年复合增速
5.8%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.4B |
| 净利润 | $1.2B | $239.0M |
| 毛利率 | 88.9% | 60.1% |
| 营业利润率 | 78.2% | 23.2% |
| 净利率 | 65.5% | 17.0% |
| 营收同比 | 59.0% | 4.4% |
| 净利润同比 | 109.2% | 5.3% |
| 每股收益（稀释后） | $3.56 | $0.95 |
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APPVLTO
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B |
净利润APPVLTO
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.1B | $239.0M | ||
| Q3 25 | $835.5M | $222.0M | ||
| Q2 25 | $819.5M | $225.0M | ||
| Q1 25 | $576.4M | — | ||
| Q4 24 | $599.2M | $227.0M | ||
| Q3 24 | $434.4M | $219.0M | ||
| Q2 24 | $310.0M | $203.0M |
毛利率APPVLTO
| Q1 26 | 88.9% | — | ||
| Q4 25 | 95.2% | 60.1% | ||
| Q3 25 | 87.6% | 60.0% | ||
| Q2 25 | 87.7% | 60.4% | ||
| Q1 25 | 81.7% | — | ||
| Q4 24 | 76.7% | 59.6% | ||
| Q3 24 | 77.5% | 59.6% | ||
| Q2 24 | 73.8% | 60.1% |
营业利润率APPVLTO
| Q1 26 | 78.2% | — | ||
| Q4 25 | — | 23.2% | ||
| Q3 25 | 76.8% | 22.8% | ||
| Q2 25 | 76.1% | 24.2% | ||
| Q1 25 | 44.7% | — | ||
| Q4 24 | 44.3% | 22.9% | ||
| Q3 24 | 44.6% | 23.4% | ||
| Q2 24 | 36.2% | 23.2% |
净利率APPVLTO
| Q1 26 | 65.5% | — | ||
| Q4 25 | 82.7% | 17.0% | ||
| Q3 25 | 59.5% | 16.2% | ||
| Q2 25 | 65.1% | 16.9% | ||
| Q1 25 | 38.8% | — | ||
| Q4 24 | 43.6% | 16.9% | ||
| Q3 24 | 36.3% | 16.7% | ||
| Q2 24 | 28.7% | 15.8% |
每股收益（稀释后）APPVLTO
| Q1 26 | $3.56 | — | ||
| Q4 25 | $3.24 | $0.95 | ||
| Q3 25 | $2.45 | $0.89 | ||
| Q2 25 | $2.39 | $0.90 | ||
| Q1 25 | $1.67 | — | ||
| Q4 24 | $1.72 | $0.91 | ||
| Q3 24 | $1.25 | $0.88 | ||
| Q2 24 | $0.89 | $0.81 |
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 | $1.8B |
| 总债务越低越好 | $3.5B | $2.7B |
| 股东权益账面价值 | $2.4B | $2.8B |
| 总资产 | $7.7B | $7.4B |
| 负债/权益比越低杠杆越低 | 1.49× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资APPVLTO
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.5B | $1.8B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $551.0M | — | ||
| Q4 24 | $741.4M | $1.1B | ||
| Q3 24 | $567.6M | $1.3B | ||
| Q2 24 | $460.4M | $1.0B |
总债务APPVLTO
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B |
股东权益APPVLTO
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.1B | $2.8B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $575.4M | — | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $938.2M | $2.0B | ||
| Q2 24 | $814.8M | $1.7B |
总资产APPVLTO
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.3B | $7.4B | ||
| Q3 25 | $6.3B | $7.2B | ||
| Q2 25 | $6.0B | $6.6B | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.9B | $6.4B | ||
| Q3 24 | $5.4B | $6.3B | ||
| Q2 24 | $5.3B | $5.9B |
负债/权益比APPVLTO
| Q1 26 | 1.49× | — | ||
| Q4 25 | 1.65× | 0.94× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | 1.28× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.57× |
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 | $270.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $258.0M |
| 自由现金流率自由现金流/营收 | 69.8% | 18.4% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $986.0M |
8季度趋势，按日历期对齐
经营现金流APPVLTO
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $270.0M | ||
| Q3 25 | $1.1B | $339.0M | ||
| Q2 25 | $772.2M | $157.0M | ||
| Q1 25 | $831.7M | — | ||
| Q4 24 | $701.0M | $285.0M | ||
| Q3 24 | $550.7M | $224.0M | ||
| Q2 24 | $454.5M | $251.0M |
自由现金流APPVLTO
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $258.0M | ||
| Q3 25 | — | $323.0M | ||
| Q2 25 | — | $142.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $263.0M | ||
| Q3 24 | — | $215.0M | ||
| Q2 24 | — | $240.0M |
自由现金流率APPVLTO
| Q1 26 | 69.8% | — | ||
| Q4 25 | — | 18.4% | ||
| Q3 25 | — | 23.6% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 18.6% |
资本支出强度APPVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.9% |
现金转化率APPVLTO
| Q1 26 | 1.07× | — | ||
| Q4 25 | 1.19× | 1.13× | ||
| Q3 25 | 1.26× | 1.53× | ||
| Q2 25 | 0.94× | 0.70× | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.17× | 1.26× | ||
| Q3 24 | 1.27× | 1.02× | ||
| Q2 24 | 1.47× | 1.24× |
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
VLTO
| Product Quality And Innovation Segment | $548.0M | 39% |
| Revenuefrom Contractwith Customer Measurement Recurring | $521.0M | 37% |
| Revenuefrom Contractwith Customer Measurement Nonrecurring | $335.0M | 24% |
