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APPFOLIO INC（APPF）与FirstCash Holdings, Inc.（FCFS）财务数据对比。点击上方公司名可切换其他公司
FirstCash Holdings, Inc.的季度营收约是APPFOLIO INC的1.9倍（$501.3M vs $262.2M），FirstCash Holdings, Inc.净利率更高（20.8% vs 16.2%，领先4.6%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 20.4%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% 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。
FirstCash Holdings, Inc.是总部位于美国得克萨斯州沃斯堡的典当企业，在美国及拉丁美洲多地运营线下典当零售门店，为纳斯达克证券交易所公开上市企业，在美洲典当服务领域拥有成熟的业务布局与完善的运营网络。
APPF vs FCFS — 直观对比
营收规模更大
FCFS
是对方的1.9倍
$262.2M
营收增速更快
FCFS
高出0.7%
20.4%
净利率更高
FCFS
高出4.6%
16.2%
两年增速更快
FCFS
近两年复合增速
15.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $501.3M |
| 净利润 | $42.4M | $104.2M |
| 毛利率 | — | — |
| 营业利润率 | 19.4% | 28.5% |
| 净利率 | 16.2% | 20.8% |
| 营收同比 | 20.4% | 21.2% |
| 净利润同比 | 35.2% | 24.7% |
| 每股收益（稀释后） | $1.18 | $2.35 |
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APPFFCFS
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $501.3M | ||
| Q3 25 | $249.4M | $411.0M | ||
| Q2 25 | $235.6M | $385.1M | ||
| Q1 25 | $217.7M | $371.1M | ||
| Q4 24 | $203.7M | $413.7M | ||
| Q3 24 | $205.7M | $363.1M | ||
| Q2 24 | $197.4M | $363.5M |
净利润APPFFCFS
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $104.2M | ||
| Q3 25 | $33.6M | $82.8M | ||
| Q2 25 | $36.0M | $59.8M | ||
| Q1 25 | $31.4M | $83.6M | ||
| Q4 24 | $102.7M | $83.5M | ||
| Q3 24 | $33.0M | $64.8M | ||
| Q2 24 | $29.7M | $49.1M |
营业利润率APPFFCFS
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 28.5% | ||
| Q3 25 | 14.1% | 27.4% | ||
| Q2 25 | 17.2% | 21.1% | ||
| Q1 25 | 15.5% | 30.0% | ||
| Q4 24 | 11.3% | 26.5% | ||
| Q3 24 | 20.7% | 23.5% | ||
| Q2 24 | 18.3% | 18.2% |
净利率APPFFCFS
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 20.8% | ||
| Q3 25 | 13.5% | 20.1% | ||
| Q2 25 | 15.3% | 15.5% | ||
| Q1 25 | 14.4% | 22.5% | ||
| Q4 24 | 50.4% | 20.2% | ||
| Q3 24 | 16.0% | 17.9% | ||
| Q2 24 | 15.0% | 13.5% |
每股收益（稀释后）APPFFCFS
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $2.35 | ||
| Q3 25 | $0.93 | $1.86 | ||
| Q2 25 | $0.99 | $1.34 | ||
| Q1 25 | $0.86 | $1.87 | ||
| Q4 24 | $2.79 | $1.86 | ||
| Q3 24 | $0.90 | $1.44 | ||
| Q2 24 | $0.81 | $1.08 |
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 | $125.2M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $470.2M | $2.3B |
| 总资产 | $580.6M | $5.3B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资APPFFCFS
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $125.2M | ||
| Q3 25 | $76.1M | $130.2M | ||
| Q2 25 | $73.5M | $101.5M | ||
| Q1 25 | $56.9M | $146.0M | ||
| Q4 24 | $42.5M | $175.1M | ||
| Q3 24 | $62.4M | $106.3M | ||
| Q2 24 | $59.6M | $113.7M |
总债务APPFFCFS
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
股东权益APPFFCFS
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $2.3B | ||
| Q3 25 | $498.9M | $2.2B | ||
| Q2 25 | $455.6M | $2.1B | ||
| Q1 25 | $462.1M | $2.1B | ||
| Q4 24 | $519.3M | $2.1B | ||
| Q3 24 | $412.8M | $2.0B | ||
| Q2 24 | $371.4M | $2.0B |
总资产APPFFCFS
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $5.3B | ||
| Q3 25 | $640.5M | $5.2B | ||
| Q2 25 | $567.4M | $4.5B | ||
| Q1 25 | $564.7M | $4.4B | ||
| Q4 24 | $626.7M | $4.5B | ||
| Q3 24 | $523.3M | $4.4B | ||
| Q2 24 | $479.3M | $4.3B |
负债/权益比APPFFCFS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 0.85× |
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 | $206.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.81× | 1.98× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APPFFCFS
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $206.6M | ||
| Q3 25 | $86.0M | $135.8M | ||
| Q2 25 | $52.6M | $116.9M | ||
| Q1 25 | $38.5M | $126.6M | ||
| Q4 24 | $36.6M | $198.1M | ||
| Q3 24 | $57.8M | $113.1M | ||
| Q2 24 | $50.9M | $106.2M |
自由现金流APPFFCFS
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $36.4M | — | ||
| Q3 24 | $57.4M | — | ||
| Q2 24 | $50.8M | — |
自由现金流率APPFFCFS
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 25.8% | — |
资本支出强度APPFFCFS
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | — |
现金转化率APPFFCFS
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 1.98× | ||
| Q3 25 | 2.56× | 1.64× | ||
| Q2 25 | 1.46× | 1.95× | ||
| Q1 25 | 1.23× | 1.51× | ||
| Q4 24 | 0.36× | 2.37× | ||
| Q3 24 | 1.75× | 1.74× | ||
| Q2 24 | 1.71× | 2.16× |
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% |
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
