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APPFOLIO INC（APPF）与MARCUS CORP（MCS）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MARCUS CORP的1.4倍（$262.2M vs $193.5M），APPFOLIO INC同比增速更快（20.4% vs 2.8%），过去两年MARCUS CORP的营收复合增速更高（18.2% 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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
APPF vs MCS — 直观对比
营收规模更大
APPF
是对方的1.4倍
$193.5M
营收增速更快
APPF
高出17.7%
2.8%
两年增速更快
MCS
近两年复合增速
15.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $193.5M |
| 净利润 | $42.4M | — |
| 毛利率 | — | — |
| 营业利润率 | 19.4% | 0.9% |
| 净利率 | 16.2% | — |
| 营收同比 | 20.4% | 2.8% |
| 净利润同比 | 35.2% | — |
| 每股收益（稀释后） | $1.18 | — |
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APPFMCS
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $193.5M | ||
| Q3 25 | $249.4M | $210.2M | ||
| Q2 25 | $235.6M | $206.0M | ||
| Q1 25 | $217.7M | $148.8M | ||
| Q4 24 | $203.7M | $188.3M | ||
| Q3 24 | $205.7M | $232.7M | ||
| Q2 24 | $197.4M | $176.0M |
净利润APPFMCS
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | — | ||
| Q3 25 | $33.6M | $16.2M | ||
| Q2 25 | $36.0M | $7.3M | ||
| Q1 25 | $31.4M | $-16.8M | ||
| Q4 24 | $102.7M | $986.0K | ||
| Q3 24 | $33.0M | $23.3M | ||
| Q2 24 | $29.7M | $-20.2M |
营业利润率APPFMCS
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 0.9% | ||
| Q3 25 | 14.1% | 10.8% | ||
| Q2 25 | 17.2% | 6.3% | ||
| Q1 25 | 15.5% | -13.7% | ||
| Q4 24 | 11.3% | -1.2% | ||
| Q3 24 | 20.7% | 14.1% | ||
| Q2 24 | 18.3% | 1.3% |
净利率APPFMCS
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 13.5% | 7.7% | ||
| Q2 25 | 15.3% | 3.6% | ||
| Q1 25 | 14.4% | -11.3% | ||
| Q4 24 | 50.4% | 0.5% | ||
| Q3 24 | 16.0% | 10.0% | ||
| Q2 24 | 15.0% | -11.5% |
每股收益（稀释后）APPFMCS
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | — | ||
| Q3 25 | $0.93 | — | ||
| Q2 25 | $0.99 | — | ||
| Q1 25 | $0.86 | — | ||
| Q4 24 | $2.79 | — | ||
| Q3 24 | $0.90 | — | ||
| Q2 24 | $0.81 | — |
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 | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | $470.2M | $457.4M |
| 总资产 | $580.6M | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资APPFMCS
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $23.4M | ||
| Q3 25 | $76.1M | $7.4M | ||
| Q2 25 | $73.5M | $14.9M | ||
| Q1 25 | $56.9M | $11.9M | ||
| Q4 24 | $42.5M | $40.8M | ||
| Q3 24 | $62.4M | $28.4M | ||
| Q2 24 | $59.6M | $32.8M |
总债务APPFMCS
| Q1 26 | — | — | ||
| Q4 25 | — | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | — | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M |
股东权益APPFMCS
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $457.4M | ||
| Q3 25 | $498.9M | $454.3M | ||
| Q2 25 | $455.6M | $448.4M | ||
| Q1 25 | $462.1M | $441.8M | ||
| Q4 24 | $519.3M | $464.9M | ||
| Q3 24 | $412.8M | $462.3M | ||
| Q2 24 | $371.4M | $449.4M |
总资产APPFMCS
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $1.0B | ||
| Q3 25 | $640.5M | $1.0B | ||
| Q2 25 | $567.4M | $1.0B | ||
| Q1 25 | $564.7M | $1.0B | ||
| Q4 24 | $626.7M | $1.0B | ||
| Q3 24 | $523.3M | $1.0B | ||
| Q2 24 | $479.3M | $1.1B |
负债/权益比APPFMCS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× |
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 | $48.8M |
| 自由现金流经营现金流 - 资本支出 | — | $26.4M |
| 自由现金流率自由现金流/营收 | — | 13.6% |
| 资本支出强度资本支出/营收 | — | 11.6% |
| 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 | — | $989.0K |
8季度趋势，按日历期对齐
经营现金流APPFMCS
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $48.8M | ||
| Q3 25 | $86.0M | $39.1M | ||
| Q2 25 | $52.6M | $31.6M | ||
| Q1 25 | $38.5M | $-35.3M | ||
| Q4 24 | $36.6M | $52.6M | ||
| Q3 24 | $57.8M | $30.5M | ||
| Q2 24 | $50.9M | $36.0M |
自由现金流APPFMCS
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $26.4M | ||
| Q3 25 | $84.7M | $18.2M | ||
| Q2 25 | $52.4M | $14.7M | ||
| Q1 25 | $38.2M | $-58.3M | ||
| Q4 24 | $36.4M | $27.1M | ||
| Q3 24 | $57.4M | $12.0M | ||
| Q2 24 | $50.8M | $16.1M |
自由现金流率APPFMCS
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 13.6% | ||
| Q3 25 | 34.0% | 8.7% | ||
| Q2 25 | 22.2% | 7.1% | ||
| Q1 25 | 17.6% | -39.2% | ||
| Q4 24 | 17.9% | 14.4% | ||
| Q3 24 | 27.9% | 5.2% | ||
| Q2 24 | 25.8% | 9.2% |
资本支出强度APPFMCS
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 11.6% | ||
| Q3 25 | 0.5% | 9.9% | ||
| Q2 25 | 0.1% | 8.2% | ||
| Q1 25 | 0.1% | 15.5% | ||
| Q4 24 | 0.1% | 13.5% | ||
| Q3 24 | 0.2% | 7.9% | ||
| Q2 24 | 0.0% | 11.3% |
现金转化率APPFMCS
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | 2.41× | ||
| Q2 25 | 1.46× | 4.32× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | 53.31× | ||
| Q3 24 | 1.75× | 1.31× | ||
| 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% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
