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APPFOLIO INC（APPF）与Ecovyst Inc.（ECVT）财务数据对比。点击上方公司名可切换其他公司
APPFOLIO INC的季度营收约是Ecovyst Inc.的1.3倍（$262.2M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 20.4%），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 15.3%）
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。
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
APPF vs ECVT — 直观对比
营收规模更大
APPF
是对方的1.3倍
$199.4M
营收增速更快
ECVT
高出13.5%
20.4%
两年增速更快
ECVT
近两年复合增速
15.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $199.4M |
| 净利润 | $42.4M | — |
| 毛利率 | — | 23.4% |
| 营业利润率 | 19.4% | 10.9% |
| 净利率 | 16.2% | — |
| 营收同比 | 20.4% | 34.0% |
| 净利润同比 | 35.2% | — |
| 每股收益（稀释后） | $1.18 | $0.06 |
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APPFECVT
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $199.4M | ||
| Q3 25 | $249.4M | $204.9M | ||
| Q2 25 | $235.6M | $176.1M | ||
| Q1 25 | $217.7M | $143.1M | ||
| Q4 24 | $203.7M | $148.9M | ||
| Q3 24 | $205.7M | $153.9M | ||
| Q2 24 | $197.4M | $154.0M |
净利润APPFECVT
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | — | ||
| Q3 25 | $33.6M | $-79.3M | ||
| Q2 25 | $36.0M | $6.0M | ||
| Q1 25 | $31.4M | $-3.6M | ||
| Q4 24 | $102.7M | — | ||
| Q3 24 | $33.0M | $14.3M | ||
| Q2 24 | $29.7M | $8.3M |
毛利率APPFECVT
| Q1 26 | — | — | ||
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 25.4% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 13.3% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | — | 27.3% |
营业利润率APPFECVT
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 10.9% | ||
| Q3 25 | 14.1% | 13.8% | ||
| Q2 25 | 17.2% | 9.0% | ||
| Q1 25 | 15.5% | -0.7% | ||
| Q4 24 | 11.3% | 15.1% | ||
| Q3 24 | 20.7% | 17.9% | ||
| Q2 24 | 18.3% | 14.1% |
净利率APPFECVT
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 13.5% | -38.7% | ||
| Q2 25 | 15.3% | 3.4% | ||
| Q1 25 | 14.4% | -2.5% | ||
| Q4 24 | 50.4% | — | ||
| Q3 24 | 16.0% | 9.3% | ||
| Q2 24 | 15.0% | 5.4% |
每股收益（稀释后）APPFECVT
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.06 | ||
| Q3 25 | $0.93 | $-0.69 | ||
| Q2 25 | $0.99 | $0.05 | ||
| Q1 25 | $0.86 | $-0.03 | ||
| Q4 24 | $2.79 | $-0.26 | ||
| Q3 24 | $0.90 | $0.12 | ||
| Q2 24 | $0.81 | $0.07 |
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 | $197.2M |
| 总债务越低越好 | — | $392.6M |
| 股东权益账面价值 | $470.2M | $603.4M |
| 总资产 | $580.6M | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资APPFECVT
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $197.2M | ||
| Q3 25 | $76.1M | $82.0M | ||
| Q2 25 | $73.5M | $69.6M | ||
| Q1 25 | $56.9M | $127.5M | ||
| Q4 24 | $42.5M | $131.4M | ||
| Q3 24 | $62.4M | $123.5M | ||
| Q2 24 | $59.6M | $83.3M |
总债务APPFECVT
| Q1 26 | — | — | ||
| Q4 25 | — | $392.6M | ||
| Q3 25 | — | $854.8M | ||
| Q2 25 | — | $856.6M | ||
| Q1 25 | — | $859.0M | ||
| Q4 24 | — | $860.8M | ||
| Q3 24 | — | $862.7M | ||
| Q2 24 | — | $862.4M |
股东权益APPFECVT
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $603.4M | ||
| Q3 25 | $498.9M | $607.9M | ||
| Q2 25 | $455.6M | $692.4M | ||
| Q1 25 | $462.1M | $698.7M | ||
| Q4 24 | $519.3M | $700.5M | ||
| Q3 24 | $412.8M | $729.4M | ||
| Q2 24 | $371.4M | $717.3M |
总资产APPFECVT
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $1.3B | ||
| Q3 25 | $640.5M | $1.7B | ||
| Q2 25 | $567.4M | $1.8B | ||
| Q1 25 | $564.7M | $1.8B | ||
| Q4 24 | $626.7M | $1.8B | ||
| Q3 24 | $523.3M | $1.8B | ||
| Q2 24 | $479.3M | $1.8B |
负债/权益比APPFECVT
| Q1 26 | — | — | ||
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.20× |
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 | $41.8M |
| 自由现金流经营现金流 - 资本支出 | — | $22.9M |
| 自由现金流率自由现金流/营收 | — | 11.5% |
| 资本支出强度资本支出/营收 | — | 9.4% |
| 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 | — | $69.9M |
8季度趋势，按日历期对齐
经营现金流APPFECVT
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $41.8M | ||
| Q3 25 | $86.0M | $55.3M | ||
| Q2 25 | $52.6M | $33.0M | ||
| Q1 25 | $38.5M | $10.3M | ||
| Q4 24 | $36.6M | $43.5M | ||
| Q3 24 | $57.8M | $59.9M | ||
| Q2 24 | $50.9M | $10.0M |
自由现金流APPFECVT
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $22.9M | ||
| Q3 25 | $84.7M | $53.2M | ||
| Q2 25 | $52.4M | $7.8M | ||
| Q1 25 | $38.2M | $-14.0M | ||
| Q4 24 | $36.4M | $30.9M | ||
| Q3 24 | $57.4M | $53.6M | ||
| Q2 24 | $50.8M | $-9.3M |
自由现金流率APPFECVT
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 11.5% | ||
| Q3 25 | 34.0% | 26.0% | ||
| Q2 25 | 22.2% | 4.4% | ||
| Q1 25 | 17.6% | -9.8% | ||
| Q4 24 | 17.9% | 20.7% | ||
| Q3 24 | 27.9% | 34.9% | ||
| Q2 24 | 25.8% | -6.1% |
资本支出强度APPFECVT
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 9.4% | ||
| Q3 25 | 0.5% | 1.0% | ||
| Q2 25 | 0.1% | 14.4% | ||
| Q1 25 | 0.1% | 16.9% | ||
| Q4 24 | 0.1% | 8.5% | ||
| Q3 24 | 0.2% | 4.1% | ||
| Q2 24 | 0.0% | 12.5% |
现金转化率APPFECVT
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | 5.52× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | 4.21× | ||
| Q2 24 | 1.71× | 1.20× |
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% |
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
