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APPFOLIO INC（APPF）与SSR MINING INC.（SSRM）财务数据对比。点击上方公司名可切换其他公司
SSR MINING INC.的季度营收约是APPFOLIO INC的2.0倍（$521.7M vs $262.2M），SSR MINING INC.净利率更高（34.8% vs 16.2%，领先18.6%），SSR MINING INC.同比增速更快（61.4% vs 20.4%），过去两年SSR MINING INC.的营收复合增速更高（50.5% 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。
SSR Mining Inc.（前身为白银标准资源公司）总部位于美国科罗拉多州丹佛，主营金、银、铜、铅、锌矿产开采，拥有阿根廷最大的银矿，同时在美洲全境及土耳其开展矿产勘探业务。2020年与阿拉瑟黄金合并后迁至丹佛，现任总裁兼首席执行官为罗德尼·P·安塔尔。
APPF vs SSRM — 直观对比
营收规模更大
SSRM
是对方的2.0倍
$262.2M
营收增速更快
SSRM
高出41.0%
20.4%
净利率更高
SSRM
高出18.6%
16.2%
两年增速更快
SSRM
近两年复合增速
15.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $521.7M |
| 净利润 | $42.4M | $181.5M |
| 毛利率 | — | — |
| 营业利润率 | 19.4% | 38.8% |
| 净利率 | 16.2% | 34.8% |
| 营收同比 | 20.4% | 61.4% |
| 净利润同比 | 35.2% | 3166.6% |
| 每股收益（稀释后） | $1.18 | $0.84 |
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APPFSSRM
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $521.7M | ||
| Q3 25 | $249.4M | $385.8M | ||
| Q2 25 | $235.6M | $405.5M | ||
| Q1 25 | $217.7M | $316.6M | ||
| Q4 24 | $203.7M | $323.2M | ||
| Q3 24 | $205.7M | $257.4M | ||
| Q2 24 | $197.4M | $184.8M |
净利润APPFSSRM
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $181.5M | ||
| Q3 25 | $33.6M | $65.4M | ||
| Q2 25 | $36.0M | $90.1M | ||
| Q1 25 | $31.4M | $58.8M | ||
| Q4 24 | $102.7M | $5.6M | ||
| Q3 24 | $33.0M | $10.6M | ||
| Q2 24 | $29.7M | $9.7M |
营业利润率APPFSSRM
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 38.8% | ||
| Q3 25 | 14.1% | 21.6% | ||
| Q2 25 | 17.2% | 26.9% | ||
| Q1 25 | 15.5% | 21.1% | ||
| Q4 24 | 11.3% | 10.6% | ||
| Q3 24 | 20.7% | 3.5% | ||
| Q2 24 | 18.3% | 5.8% |
净利率APPFSSRM
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 34.8% | ||
| Q3 25 | 13.5% | 17.0% | ||
| Q2 25 | 15.3% | 22.2% | ||
| Q1 25 | 14.4% | 18.6% | ||
| Q4 24 | 50.4% | 1.7% | ||
| Q3 24 | 16.0% | 4.1% | ||
| Q2 24 | 15.0% | 5.2% |
每股收益（稀释后）APPFSSRM
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.84 | ||
| Q3 25 | $0.93 | $0.31 | ||
| Q2 25 | $0.99 | $0.42 | ||
| Q1 25 | $0.86 | $0.28 | ||
| Q4 24 | $2.79 | $0.03 | ||
| Q3 24 | $0.90 | $0.05 | ||
| Q2 24 | $0.81 | $0.05 |
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 | $575.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $470.2M | $3.5B |
| 总资产 | $580.6M | $6.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APPFSSRM
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $575.6M | ||
| Q3 25 | $76.1M | $445.4M | ||
| Q2 25 | $73.5M | $438.5M | ||
| Q1 25 | $56.9M | $341.3M | ||
| Q4 24 | $42.5M | $417.3M | ||
| Q3 24 | $62.4M | $365.8M | ||
| Q2 24 | $59.6M | $384.4M |
总债务APPFSSRM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $228.6M | ||
| Q3 24 | — | $228.3M | ||
| Q2 24 | — | $228.0M |
股东权益APPFSSRM
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $3.5B | ||
| Q3 25 | $498.9M | $3.3B | ||
| Q2 25 | $455.6M | $3.3B | ||
| Q1 25 | $462.1M | $3.2B | ||
| Q4 24 | $519.3M | $3.1B | ||
| Q3 24 | $412.8M | $3.1B | ||
| Q2 24 | $371.4M | $3.1B |
总资产APPFSSRM
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $6.1B | ||
| Q3 25 | $640.5M | $5.9B | ||
| Q2 25 | $567.4M | $5.8B | ||
| Q1 25 | $564.7M | $5.6B | ||
| Q4 24 | $626.7M | $5.2B | ||
| Q3 24 | $523.3M | $5.1B | ||
| Q2 24 | $479.3M | $5.2B |
负债/权益比APPFSSRM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | $172.1M |
| 自由现金流经营现金流 - 资本支出 | — | $106.4M |
| 自由现金流率自由现金流/营收 | — | 20.4% |
| 资本支出强度资本支出/营收 | — | 12.6% |
| 现金转化率经营现金流/净利润 | 0.81× | 0.95× |
| 过去12个月自由现金流最近4个季度 | — | $241.6M |
8季度趋势，按日历期对齐
经营现金流APPFSSRM
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $172.1M | ||
| Q3 25 | $86.0M | $57.2M | ||
| Q2 25 | $52.6M | $157.8M | ||
| Q1 25 | $38.5M | $84.8M | ||
| Q4 24 | $36.6M | $95.0M | ||
| Q3 24 | $57.8M | $-1.3M | ||
| Q2 24 | $50.9M | $-78.1M |
自由现金流APPFSSRM
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $106.4M | ||
| Q3 25 | $84.7M | $-2.4M | ||
| Q2 25 | $52.4M | $98.4M | ||
| Q1 25 | $38.2M | $39.3M | ||
| Q4 24 | $36.4M | $56.4M | ||
| Q3 24 | $57.4M | $-34.1M | ||
| Q2 24 | $50.8M | $-116.3M |
自由现金流率APPFSSRM
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 20.4% | ||
| Q3 25 | 34.0% | -0.6% | ||
| Q2 25 | 22.2% | 24.3% | ||
| Q1 25 | 17.6% | 12.4% | ||
| Q4 24 | 17.9% | 17.5% | ||
| Q3 24 | 27.9% | -13.2% | ||
| Q2 24 | 25.8% | -62.9% |
资本支出强度APPFSSRM
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 12.6% | ||
| Q3 25 | 0.5% | 15.4% | ||
| Q2 25 | 0.1% | 14.7% | ||
| Q1 25 | 0.1% | 14.4% | ||
| Q4 24 | 0.1% | 11.9% | ||
| Q3 24 | 0.2% | 12.7% | ||
| Q2 24 | 0.0% | 20.7% |
现金转化率APPFSSRM
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 0.95× | ||
| Q3 25 | 2.56× | 0.87× | ||
| Q2 25 | 1.46× | 1.75× | ||
| Q1 25 | 1.23× | 1.44× | ||
| Q4 24 | 0.36× | 17.10× | ||
| Q3 24 | 1.75× | -0.13× | ||
| Q2 24 | 1.71× | -8.06× |
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% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
