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APPFOLIO INC（APPF）与MACERICH CO（MAC）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MACERICH CO的1.0倍（$262.2M vs $261.7M），APPFOLIO INC净利率更高（16.2% vs -7.2%，领先23.3%），APPFOLIO INC同比增速更快（20.4% vs -4.4%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs 12.0%）
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。
Macerich是一家专注于购物中心投资的房地产投资信托基金，为美国第三大购物中心持有及运营商。截至2024年12月31日，公司共持有43处物业的权益，可租赁总面积达4300万平方英尺，公司名称由创始人Mace Siegel与Richard Cohen的名字组合而来。
APPF vs MAC — 直观对比
营收规模更大
APPF
是对方的1.0倍
$261.7M
营收增速更快
APPF
高出24.8%
-4.4%
净利率更高
APPF
高出23.3%
-7.2%
两年增速更快
APPF
近两年复合增速
12.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $261.7M |
| 净利润 | $42.4M | $-18.8M |
| 毛利率 | — | — |
| 营业利润率 | 19.4% | — |
| 净利率 | 16.2% | -7.2% |
| 营收同比 | 20.4% | -4.4% |
| 净利润同比 | 35.2% | 91.1% |
| 每股收益（稀释后） | $1.18 | $-0.08 |
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APPFMAC
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $261.7M | ||
| Q3 25 | $249.4M | $253.3M | ||
| Q2 25 | $235.6M | $249.8M | ||
| Q1 25 | $217.7M | $249.2M | ||
| Q4 24 | $203.7M | $273.7M | ||
| Q3 24 | $205.7M | $220.2M | ||
| Q2 24 | $197.4M | $215.5M |
净利润APPFMAC
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-18.8M | ||
| Q3 25 | $33.6M | $-87.4M | ||
| Q2 25 | $36.0M | $-40.9M | ||
| Q1 25 | $31.4M | $-50.1M | ||
| Q4 24 | $102.7M | $-211.2M | ||
| Q3 24 | $33.0M | $-108.2M | ||
| Q2 24 | $29.7M | $252.0M |
营业利润率APPFMAC
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 17.2% | — | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 20.7% | — | ||
| Q2 24 | 18.3% | — |
净利率APPFMAC
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -7.2% | ||
| Q3 25 | 13.5% | -34.5% | ||
| Q2 25 | 15.3% | -16.4% | ||
| Q1 25 | 14.4% | -20.1% | ||
| Q4 24 | 50.4% | -77.2% | ||
| Q3 24 | 16.0% | -49.1% | ||
| Q2 24 | 15.0% | 116.9% |
每股收益（稀释后）APPFMAC
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.08 | ||
| Q3 25 | $0.93 | $-0.34 | ||
| Q2 25 | $0.99 | $-0.16 | ||
| Q1 25 | $0.86 | $-0.20 | ||
| Q4 24 | $2.79 | $-0.95 | ||
| Q3 24 | $0.90 | $-0.50 | ||
| Q2 24 | $0.81 | $1.16 |
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 | $280.2M |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | $470.2M | $2.4B |
| 总资产 | $580.6M | $8.4B |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资APPFMAC
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $280.2M | ||
| Q3 25 | $76.1M | $290.2M | ||
| Q2 25 | $73.5M | $131.1M | ||
| Q1 25 | $56.9M | $253.2M | ||
| Q4 24 | $42.5M | $89.9M | ||
| Q3 24 | $62.4M | $116.5M | ||
| Q2 24 | $59.6M | $70.7M |
总债务APPFMAC
| Q1 26 | — | — | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.2B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B |
股东权益APPFMAC
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $2.4B | ||
| Q3 25 | $498.9M | $2.5B | ||
| Q2 25 | $455.6M | $2.6B | ||
| Q1 25 | $462.1M | $2.7B | ||
| Q4 24 | $519.3M | $2.8B | ||
| Q3 24 | $412.8M | $2.5B | ||
| Q2 24 | $371.4M | $2.5B |
总资产APPFMAC
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $8.4B | ||
| Q3 25 | $640.5M | $8.4B | ||
| Q2 25 | $567.4M | $8.7B | ||
| Q1 25 | $564.7M | $8.7B | ||
| Q4 24 | $626.7M | $8.6B | ||
| Q3 24 | $523.3M | $7.6B | ||
| Q2 24 | $479.3M | $7.8B |
负债/权益比APPFMAC
| Q1 26 | — | — | ||
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 2.02× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | 1.96× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.73× | ||
| Q2 24 | — | 1.75× |
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 | $50.2M |
| 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× | — |
| 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APPFMAC
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $50.2M | ||
| Q3 25 | $86.0M | $112.4M | ||
| Q2 25 | $52.6M | $70.5M | ||
| Q1 25 | $38.5M | $88.5M | ||
| Q4 24 | $36.6M | $54.9M | ||
| Q3 24 | $57.8M | $100.0M | ||
| Q2 24 | $50.9M | $67.4M |
自由现金流APPFMAC
| 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APPFMAC
| 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APPFMAC
| 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APPFMAC
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | — | ||
| Q2 24 | 1.71× | 0.27× |
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% |
MAC
暂无分部数据
