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APPFOLIO INC（APPF）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是APPFOLIO INC的1.8倍（$461.6M vs $262.2M），APPFOLIO INC净利率更高（16.2% vs 14.6%，领先1.6%），APPFOLIO INC同比增速更快（20.4% vs 17.0%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
APPF vs RBC — 直观对比
营收规模更大
RBC
是对方的1.8倍
$262.2M
营收增速更快
APPF
高出3.4%
17.0%
净利率更高
APPF
高出1.6%
14.6%
两年增速更快
APPF
近两年复合增速
5.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $461.6M |
| 净利润 | $42.4M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 19.4% | 22.3% |
| 净利率 | 16.2% | 14.6% |
| 营收同比 | 20.4% | 17.0% |
| 净利润同比 | 35.2% | 16.4% |
| 每股收益（稀释后） | $1.18 | $2.13 |
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APPFRBC
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $461.6M | ||
| Q3 25 | $249.4M | $455.3M | ||
| Q2 25 | $235.6M | $436.0M | ||
| Q1 25 | $217.7M | $437.7M | ||
| Q4 24 | $203.7M | $394.4M | ||
| Q3 24 | $205.7M | $397.9M | ||
| Q2 24 | $197.4M | $406.3M |
净利润APPFRBC
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $67.4M | ||
| Q3 25 | $33.6M | $60.0M | ||
| Q2 25 | $36.0M | $68.5M | ||
| Q1 25 | $31.4M | $72.7M | ||
| Q4 24 | $102.7M | $57.9M | ||
| Q3 24 | $33.0M | $54.2M | ||
| Q2 24 | $29.7M | $61.4M |
毛利率APPFRBC
| Q1 26 | — | — | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% |
营业利润率APPFRBC
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 22.3% | ||
| Q3 25 | 14.1% | 21.5% | ||
| Q2 25 | 17.2% | 23.2% | ||
| Q1 25 | 15.5% | 23.0% | ||
| Q4 24 | 11.3% | 21.7% | ||
| Q3 24 | 20.7% | 21.6% | ||
| Q2 24 | 18.3% | 24.0% |
净利率APPFRBC
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 14.6% | ||
| Q3 25 | 13.5% | 13.2% | ||
| Q2 25 | 15.3% | 15.7% | ||
| Q1 25 | 14.4% | 16.6% | ||
| Q4 24 | 50.4% | 14.7% | ||
| Q3 24 | 16.0% | 13.6% | ||
| Q2 24 | 15.0% | 15.1% |
每股收益（稀释后）APPFRBC
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $2.13 | ||
| Q3 25 | $0.93 | $1.90 | ||
| Q2 25 | $0.99 | $2.17 | ||
| Q1 25 | $0.86 | $2.33 | ||
| Q4 24 | $2.79 | $1.82 | ||
| Q3 24 | $0.90 | $1.65 | ||
| Q2 24 | $0.81 | $1.90 |
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 | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $470.2M | $3.3B |
| 总资产 | $580.6M | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资APPFRBC
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $107.6M | ||
| Q3 25 | $76.1M | $91.2M | ||
| Q2 25 | $73.5M | $132.9M | ||
| Q1 25 | $56.9M | $36.8M | ||
| Q4 24 | $42.5M | — | ||
| Q3 24 | $62.4M | — | ||
| Q2 24 | $59.6M | $76.8M |
总债务APPFRBC
| Q1 26 | — | — | ||
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APPFRBC
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $3.3B | ||
| Q3 25 | $498.9M | $3.2B | ||
| Q2 25 | $455.6M | $3.1B | ||
| Q1 25 | $462.1M | $3.0B | ||
| Q4 24 | $519.3M | $2.9B | ||
| Q3 24 | $412.8M | $2.9B | ||
| Q2 24 | $371.4M | $2.8B |
总资产APPFRBC
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $5.1B | ||
| Q3 25 | $640.5M | $5.1B | ||
| Q2 25 | $567.4M | $4.8B | ||
| Q1 25 | $564.7M | $4.7B | ||
| Q4 24 | $626.7M | $4.7B | ||
| Q3 24 | $523.3M | $4.7B | ||
| Q2 24 | $479.3M | $4.7B |
负债/权益比APPFRBC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| 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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | 0.81× | 1.81× |
| 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APPFRBC
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $122.1M | ||
| Q3 25 | $86.0M | $88.4M | ||
| Q2 25 | $52.6M | $120.0M | ||
| Q1 25 | $38.5M | — | ||
| Q4 24 | $36.6M | $84.0M | ||
| Q3 24 | $57.8M | — | ||
| Q2 24 | $50.9M | $97.4M |
自由现金流APPFRBC
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $99.1M | ||
| Q3 25 | $84.7M | $71.7M | ||
| Q2 25 | $52.4M | $104.3M | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $36.4M | $73.6M | ||
| Q3 24 | $57.4M | — | ||
| Q2 24 | $50.8M | $88.4M |
自由现金流率APPFRBC
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 21.5% | ||
| Q3 25 | 34.0% | 15.7% | ||
| Q2 25 | 22.2% | 23.9% | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 17.9% | 18.7% | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 25.8% | 21.8% |
资本支出强度APPFRBC
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 5.0% | ||
| Q3 25 | 0.5% | 3.7% | ||
| Q2 25 | 0.1% | 3.6% | ||
| Q1 25 | 0.1% | 3.2% | ||
| Q4 24 | 0.1% | 2.6% | ||
| Q3 24 | 0.2% | 4.1% | ||
| Q2 24 | 0.0% | 2.2% |
现金转化率APPFRBC
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 1.81× | ||
| Q3 25 | 2.56× | 1.47× | ||
| Q2 25 | 1.46× | 1.75× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | 1.45× | ||
| Q3 24 | 1.75× | — | ||
| Q2 24 | 1.71× | 1.59× |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
