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APPFOLIO INC（APPF）与亚什兰（ASH）财务数据对比。点击上方公司名可切换其他公司
亚什兰的季度营收约是APPFOLIO INC的1.5倍（$386.0M vs $262.2M），APPFOLIO INC净利率更高（16.2% vs -3.1%，领先19.3%），APPFOLIO INC同比增速更快（20.4% vs -4.7%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs -18.1%）
AppFolio Inc.是一家2006年成立的美国企业，专注服务房地产行业，为客户提供软件即服务（SaaS）类应用产品及相关配套服务，助力房地产相关经营主体优化管理流程、提升运营效率。
亚什兰是一家总部位于美国特拉华州威尔明顿的化工企业，1924年始创于肯塔基州亚什兰市，最初以炼油业务起家，1994年迁至现总部。公司拥有多个业务板块，覆盖化工中间体与溶剂、复合材料、工业特种化学品、个人及家居护理、制药、食品饮料以及农业相关领域，2017年之前曾是胜牌润滑油的主要生产商。
APPF vs ASH — 直观对比
营收规模更大
ASH
是对方的1.5倍
$262.2M
营收增速更快
APPF
高出25.1%
-4.7%
净利率更高
APPF
高出19.3%
-3.1%
两年增速更快
APPF
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $386.0M |
| 净利润 | $42.4M | $-12.0M |
| 毛利率 | — | 27.2% |
| 营业利润率 | 19.4% | -1.6% |
| 净利率 | 16.2% | -3.1% |
| 营收同比 | 20.4% | -4.7% |
| 净利润同比 | 35.2% | 92.7% |
| 每股收益（稀释后） | $1.18 | $-0.26 |
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APPFASH
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $386.0M | ||
| Q3 25 | $249.4M | $477.0M | ||
| Q2 25 | $235.6M | $463.0M | ||
| Q1 25 | $217.7M | $479.0M | ||
| Q4 24 | $203.7M | $405.0M | ||
| Q3 24 | $205.7M | $521.0M | ||
| Q2 24 | $197.4M | $544.0M |
净利润APPFASH
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-12.0M | ||
| Q3 25 | $33.6M | $31.0M | ||
| Q2 25 | $36.0M | $-742.0M | ||
| Q1 25 | $31.4M | $31.0M | ||
| Q4 24 | $102.7M | $-165.0M | ||
| Q3 24 | $33.0M | $17.0M | ||
| Q2 24 | $29.7M | $6.0M |
毛利率APPFASH
| Q1 26 | — | — | ||
| Q4 25 | — | 27.2% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 28.5% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | 27.4% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 34.2% |
营业利润率APPFASH
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -1.6% | ||
| Q3 25 | 14.1% | 12.8% | ||
| Q2 25 | 17.2% | -152.9% | ||
| Q1 25 | 15.5% | 10.6% | ||
| Q4 24 | 11.3% | -44.2% | ||
| Q3 24 | 20.7% | 6.1% | ||
| Q2 24 | 18.3% | -11.2% |
净利率APPFASH
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -3.1% | ||
| Q3 25 | 13.5% | 6.5% | ||
| Q2 25 | 15.3% | -160.3% | ||
| Q1 25 | 14.4% | 6.5% | ||
| Q4 24 | 50.4% | -40.7% | ||
| Q3 24 | 16.0% | 3.3% | ||
| Q2 24 | 15.0% | 1.1% |
每股收益（稀释后）APPFASH
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.26 | ||
| Q3 25 | $0.93 | $0.83 | ||
| Q2 25 | $0.99 | $-16.21 | ||
| Q1 25 | $0.86 | $0.65 | ||
| Q4 24 | $2.79 | $-3.50 | ||
| Q3 24 | $0.90 | $0.34 | ||
| Q2 24 | $0.81 | $0.12 |
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 | $147.4M | $304.0M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $470.2M | $1.9B |
| 总资产 | $580.6M | $4.5B |
| 负债/权益比越低杠杆越低 | — | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资APPFASH
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $304.0M | ||
| Q3 25 | $76.1M | $215.0M | ||
| Q2 25 | $73.5M | $207.0M | ||
| Q1 25 | $56.9M | $168.0M | ||
| Q4 24 | $42.5M | $219.0M | ||
| Q3 24 | $62.4M | $300.0M | ||
| Q2 24 | $59.6M | $399.0M |
总债务APPFASH
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B |
股东权益APPFASH
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $1.9B | ||
| Q3 25 | $498.9M | $1.9B | ||
| Q2 25 | $455.6M | $1.9B | ||
| Q1 25 | $462.1M | $2.6B | ||
| Q4 24 | $519.3M | $2.6B | ||
| Q3 24 | $412.8M | $2.9B | ||
| Q2 24 | $371.4M | $3.0B |
总资产APPFASH
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $4.5B | ||
| Q3 25 | $640.5M | $4.6B | ||
| Q2 25 | $567.4M | $4.6B | ||
| Q1 25 | $564.7M | $5.2B | ||
| Q4 24 | $626.7M | $5.2B | ||
| Q3 24 | $523.3M | $5.6B | ||
| Q2 24 | $479.3M | $5.7B |
负债/权益比APPFASH
| Q1 26 | — | — | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.45× |
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 | $34.3M | $125.0M |
| 自由现金流经营现金流 - 资本支出 | — | $111.0M |
| 自由现金流率自由现金流/营收 | — | 28.8% |
| 资本支出强度资本支出/营收 | — | 3.6% |
| 现金转化率经营现金流/净利润 | 0.81× | — |
| 过去12个月自由现金流最近4个季度 | — | $200.0M |
8季度趋势，按日历期对齐
经营现金流APPFASH
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $125.0M | ||
| Q3 25 | $86.0M | $40.0M | ||
| Q2 25 | $52.6M | $115.0M | ||
| Q1 25 | $38.5M | $9.0M | ||
| Q4 24 | $36.6M | $-30.0M | ||
| Q3 24 | $57.8M | $80.0M | ||
| Q2 24 | $50.9M | $127.0M |
自由现金流APPFASH
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $111.0M | ||
| Q3 25 | $84.7M | $6.0M | ||
| Q2 25 | $52.4M | $95.0M | ||
| Q1 25 | $38.2M | $-12.0M | ||
| Q4 24 | $36.4M | $-53.0M | ||
| Q3 24 | $57.4M | $42.0M | ||
| Q2 24 | $50.8M | $98.0M |
自由现金流率APPFASH
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 28.8% | ||
| Q3 25 | 34.0% | 1.3% | ||
| Q2 25 | 22.2% | 20.5% | ||
| Q1 25 | 17.6% | -2.5% | ||
| Q4 24 | 17.9% | -13.1% | ||
| Q3 24 | 27.9% | 8.1% | ||
| Q2 24 | 25.8% | 18.0% |
资本支出强度APPFASH
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 3.6% | ||
| Q3 25 | 0.5% | 7.1% | ||
| Q2 25 | 0.1% | 4.3% | ||
| Q1 25 | 0.1% | 4.4% | ||
| Q4 24 | 0.1% | 5.7% | ||
| Q3 24 | 0.2% | 7.3% | ||
| Q2 24 | 0.0% | 5.3% |
现金转化率APPFASH
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | 1.29× | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.23× | 0.29× | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | 4.71× | ||
| Q2 24 | 1.71× | 21.17× |
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
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
ASH
| Personal Care And Household | $123.0M | 32% |
| Other | $120.0M | 31% |
| Specialty Additives | $36.0M | 9% |
| Intermediates And Solvents | $31.0M | 8% |
| Personal Care | $30.0M | 8% |
| Life Sciences | $27.0M | 7% |
| Intermediates | $19.0M | 5% |
