vs
APPFOLIO INC（APPF）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
APPFOLIO INC的季度营收约是百胜餐饮集团的1.3倍（$262.2M vs $204.1M），APPFOLIO INC净利率更高（16.2% vs 8.9%，领先7.3%），APPFOLIO INC同比增速更快（20.4% vs -5.2%），过去两年百胜餐饮集团的营收复合增速更高（19.8% 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。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
APPF vs LCUT — 直观对比
营收规模更大
APPF
是对方的1.3倍
$204.1M
营收增速更快
APPF
高出25.6%
-5.2%
净利率更高
APPF
高出7.3%
8.9%
两年增速更快
LCUT
近两年复合增速
15.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $204.1M |
| 净利润 | $42.4M | $18.2M |
| 毛利率 | — | 38.6% |
| 营业利润率 | 19.4% | 9.8% |
| 净利率 | 16.2% | 8.9% |
| 营收同比 | 20.4% | -5.2% |
| 净利润同比 | 35.2% | 103.5% |
| 每股收益（稀释后） | $1.18 | $0.83 |
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APPFLCUT
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $204.1M | ||
| Q3 25 | $249.4M | $171.9M | ||
| Q2 25 | $235.6M | $131.9M | ||
| Q1 25 | $217.7M | $140.1M | ||
| Q4 24 | $203.7M | $215.2M | ||
| Q3 24 | $205.7M | $183.8M | ||
| Q2 24 | $197.4M | $141.7M |
净利润APPFLCUT
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $18.2M | ||
| Q3 25 | $33.6M | $-1.2M | ||
| Q2 25 | $36.0M | $-39.7M | ||
| Q1 25 | $31.4M | $-4.2M | ||
| Q4 24 | $102.7M | $8.9M | ||
| Q3 24 | $33.0M | $344.0K | ||
| Q2 24 | $29.7M | $-18.2M |
毛利率APPFLCUT
| Q1 26 | — | — | ||
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 38.6% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.7% | ||
| Q2 24 | — | 38.5% |
营业利润率APPFLCUT
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 9.8% | ||
| Q3 25 | 14.1% | 3.9% | ||
| Q2 25 | 17.2% | -28.2% | ||
| Q1 25 | 15.5% | 0.8% | ||
| Q4 24 | 11.3% | 7.2% | ||
| Q3 24 | 20.7% | 4.7% | ||
| Q2 24 | 18.3% | 0.8% |
净利率APPFLCUT
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 8.9% | ||
| Q3 25 | 13.5% | -0.7% | ||
| Q2 25 | 15.3% | -30.1% | ||
| Q1 25 | 14.4% | -3.0% | ||
| Q4 24 | 50.4% | 4.1% | ||
| Q3 24 | 16.0% | 0.2% | ||
| Q2 24 | 15.0% | -12.8% |
每股收益（稀释后）APPFLCUT
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.83 | ||
| Q3 25 | $0.93 | $-0.05 | ||
| Q2 25 | $0.99 | $-1.83 | ||
| Q1 25 | $0.86 | $-0.19 | ||
| Q4 24 | $2.79 | $0.41 | ||
| Q3 24 | $0.90 | $0.02 | ||
| Q2 24 | $0.81 | $-0.85 |
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 | $4.3M |
| 总债务越低越好 | — | $135.0M |
| 股东权益账面价值 | $470.2M | $202.3M |
| 总资产 | $580.6M | $572.6M |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资APPFLCUT
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $4.3M | ||
| Q3 25 | $76.1M | $12.1M | ||
| Q2 25 | $73.5M | $12.0M | ||
| Q1 25 | $56.9M | $10.4M | ||
| Q4 24 | $42.5M | $2.9M | ||
| Q3 24 | $62.4M | $6.0M | ||
| Q2 24 | $59.6M | $3.4M |
总债务APPFLCUT
| Q1 26 | — | — | ||
| Q4 25 | — | $135.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APPFLCUT
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $202.3M | ||
| Q3 25 | $498.9M | $184.6M | ||
| Q2 25 | $455.6M | $185.8M | ||
| Q1 25 | $462.1M | $225.7M | ||
| Q4 24 | $519.3M | $229.9M | ||
| Q3 24 | $412.8M | $220.9M | ||
| Q2 24 | $371.4M | $219.8M |
总资产APPFLCUT
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $572.6M | ||
| Q3 25 | $640.5M | $581.1M | ||
| Q2 25 | $567.4M | $551.9M | ||
| Q1 25 | $564.7M | $594.6M | ||
| Q4 24 | $626.7M | $634.3M | ||
| Q3 24 | $523.3M | $668.7M | ||
| Q2 24 | $479.3M | $617.0M |
负债/权益比APPFLCUT
| Q1 26 | — | — | ||
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $3.7M |
| 自由现金流经营现金流 - 资本支出 | — | $2.6M |
| 自由现金流率自由现金流/营收 | — | 1.3% |
| 资本支出强度资本支出/营收 | — | 0.6% |
| 现金转化率经营现金流/净利润 | 0.81× | 0.21× |
| 过去12个月自由现金流最近4个季度 | — | $3.3M |
8季度趋势，按日历期对齐
经营现金流APPFLCUT
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $3.7M | ||
| Q3 25 | $86.0M | $-22.2M | ||
| Q2 25 | $52.6M | $9.3M | ||
| Q1 25 | $38.5M | $16.7M | ||
| Q4 24 | $36.6M | $20.3M | ||
| Q3 24 | $57.8M | $-22.7M | ||
| Q2 24 | $50.9M | $10.4M |
自由现金流APPFLCUT
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $2.6M | ||
| Q3 25 | $84.7M | $-22.7M | ||
| Q2 25 | $52.4M | $8.2M | ||
| Q1 25 | $38.2M | $15.1M | ||
| Q4 24 | $36.4M | $19.7M | ||
| Q3 24 | $57.4M | $-23.2M | ||
| Q2 24 | $50.8M | $9.9M |
自由现金流率APPFLCUT
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 1.3% | ||
| Q3 25 | 34.0% | -13.2% | ||
| Q2 25 | 22.2% | 6.2% | ||
| Q1 25 | 17.6% | 10.8% | ||
| Q4 24 | 17.9% | 9.1% | ||
| Q3 24 | 27.9% | -12.6% | ||
| Q2 24 | 25.8% | 7.0% |
资本支出强度APPFLCUT
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.6% | ||
| Q3 25 | 0.5% | 0.3% | ||
| Q2 25 | 0.1% | 0.9% | ||
| Q1 25 | 0.1% | 1.1% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 0.0% | 0.4% |
现金转化率APPFLCUT
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 0.21× | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | 2.28× | ||
| Q3 24 | 1.75× | -65.89× | ||
| Q2 24 | 1.71× | — |
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% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
