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APPFOLIO INC（APPF）与Rocket Lab Corp（RKLB）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Rocket Lab Corp的1.5倍（$262.2M vs $179.7M），APPFOLIO INC净利率更高（16.2% vs -29.5%，领先45.6%），Rocket Lab Corp同比增速更快（35.7% vs 20.4%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% 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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
APPF vs RKLB — 直观对比
营收规模更大
APPF
是对方的1.5倍
$179.7M
营收增速更快
RKLB
高出15.3%
20.4%
净利率更高
APPF
高出45.6%
-29.5%
两年增速更快
RKLB
近两年复合增速
15.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $179.7M |
| 净利润 | $42.4M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 19.4% | -28.4% |
| 净利率 | 16.2% | -29.5% |
| 营收同比 | 20.4% | 35.7% |
| 净利润同比 | 35.2% | -1.1% |
| 每股收益（稀释后） | $1.18 | $-0.09 |
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APPFRKLB
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $179.7M | ||
| Q3 25 | $249.4M | $155.1M | ||
| Q2 25 | $235.6M | $144.5M | ||
| Q1 25 | $217.7M | $122.6M | ||
| Q4 24 | $203.7M | $132.4M | ||
| Q3 24 | $205.7M | $104.8M | ||
| Q2 24 | $197.4M | $106.3M |
净利润APPFRKLB
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-52.9M | ||
| Q3 25 | $33.6M | $-18.3M | ||
| Q2 25 | $36.0M | $-66.4M | ||
| Q1 25 | $31.4M | $-60.6M | ||
| Q4 24 | $102.7M | $-52.3M | ||
| Q3 24 | $33.0M | $-51.9M | ||
| Q2 24 | $29.7M | $-41.6M |
毛利率APPFRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% |
营业利润率APPFRKLB
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -28.4% | ||
| Q3 25 | 14.1% | -38.0% | ||
| Q2 25 | 17.2% | -41.3% | ||
| Q1 25 | 15.5% | -48.3% | ||
| Q4 24 | 11.3% | -38.9% | ||
| Q3 24 | 20.7% | -49.5% | ||
| Q2 24 | 18.3% | -40.7% |
净利率APPFRKLB
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -29.5% | ||
| Q3 25 | 13.5% | -11.8% | ||
| Q2 25 | 15.3% | -46.0% | ||
| Q1 25 | 14.4% | -49.5% | ||
| Q4 24 | 50.4% | -39.5% | ||
| Q3 24 | 16.0% | -49.6% | ||
| Q2 24 | 15.0% | -39.2% |
每股收益（稀释后）APPFRKLB
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.09 | ||
| Q3 25 | $0.93 | $-0.03 | ||
| Q2 25 | $0.99 | $-0.13 | ||
| Q1 25 | $0.86 | $-0.12 | ||
| Q4 24 | $2.79 | $-0.11 | ||
| Q3 24 | $0.90 | $-0.10 | ||
| Q2 24 | $0.81 | $-0.08 |
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 | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $470.2M | $1.7B |
| 总资产 | $580.6M | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资APPFRKLB
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $1.0B | ||
| Q3 25 | $76.1M | $976.7M | ||
| Q2 25 | $73.5M | $688.1M | ||
| Q1 25 | $56.9M | $428.4M | ||
| Q4 24 | $42.5M | $419.0M | ||
| Q3 24 | $62.4M | $442.4M | ||
| Q2 24 | $59.6M | $496.8M |
总债务APPFRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M |
股东权益APPFRKLB
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $1.7B | ||
| Q3 25 | $498.9M | $1.3B | ||
| Q2 25 | $455.6M | $688.5M | ||
| Q1 25 | $462.1M | $431.3M | ||
| Q4 24 | $519.3M | $382.5M | ||
| Q3 24 | $412.8M | $419.8M | ||
| Q2 24 | $371.4M | $455.2M |
总资产APPFRKLB
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $2.3B | ||
| Q3 25 | $640.5M | $2.2B | ||
| Q2 25 | $567.4M | $1.6B | ||
| Q1 25 | $564.7M | $1.3B | ||
| Q4 24 | $626.7M | $1.2B | ||
| Q3 24 | $523.3M | $1.2B | ||
| Q2 24 | $479.3M | $1.2B |
负债/权益比APPFRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | — | 27.6% |
| 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 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流APPFRKLB
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $-64.5M | ||
| Q3 25 | $86.0M | $-23.5M | ||
| Q2 25 | $52.6M | $-23.2M | ||
| Q1 25 | $38.5M | $-54.2M | ||
| Q4 24 | $36.6M | $-2.4M | ||
| Q3 24 | $57.8M | $-30.9M | ||
| Q2 24 | $50.9M | $-13.0M |
自由现金流APPFRKLB
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-114.2M | ||
| Q3 25 | $84.7M | $-69.4M | ||
| Q2 25 | $52.4M | $-55.3M | ||
| Q1 25 | $38.2M | $-82.9M | ||
| Q4 24 | $36.4M | $-23.9M | ||
| Q3 24 | $57.4M | $-41.9M | ||
| Q2 24 | $50.8M | $-28.3M |
自由现金流率APPFRKLB
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -63.6% | ||
| Q3 25 | 34.0% | -44.8% | ||
| Q2 25 | 22.2% | -38.3% | ||
| Q1 25 | 17.6% | -67.6% | ||
| Q4 24 | 17.9% | -18.1% | ||
| Q3 24 | 27.9% | -40.0% | ||
| Q2 24 | 25.8% | -26.7% |
资本支出强度APPFRKLB
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 27.6% | ||
| Q3 25 | 0.5% | 29.6% | ||
| Q2 25 | 0.1% | 22.2% | ||
| Q1 25 | 0.1% | 23.4% | ||
| Q4 24 | 0.1% | 16.3% | ||
| Q3 24 | 0.2% | 10.5% | ||
| Q2 24 | 0.0% | 14.4% |
现金转化率APPFRKLB
| 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× | — |
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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
