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APPIAN CORP（APPN）与Ecovyst Inc.（ECVT）财务数据对比。点击上方公司名可切换其他公司
APPIAN CORP的季度营收约是Ecovyst Inc.的1.0倍（$202.9M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 21.7%），Ecovyst Inc.自由现金流更多（$22.9M vs $270.0K），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 16.4%）
Appian是总部位于美国弗吉尼亚州麦克莱恩的云计算与企业软件厂商，身处杜勒斯科技走廊产业带。公司提供平台即服务（PaaS）产品，支持企业级软件开发，业务覆盖北美、欧洲、中东及东南亚市场，深耕低代码开发、流程挖掘、业务流程管理和案例管理领域。
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
APPN vs ECVT — 直观对比
营收规模更大
APPN
是对方的1.0倍
$199.4M
营收增速更快
ECVT
高出12.3%
21.7%
自由现金流更多
ECVT
多$22.7M
$270.0K
两年增速更快
ECVT
近两年复合增速
16.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $202.9M | $199.4M |
| 净利润 | $-5.1M | — |
| 毛利率 | 64.8% | 23.4% |
| 营业利润率 | -0.3% | 10.9% |
| 净利率 | -2.5% | — |
| 营收同比 | 21.7% | 34.0% |
| 净利润同比 | 62.6% | — |
| 每股收益（稀释后） | $-0.06 | $0.06 |
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APPNECVT
| Q4 25 | $202.9M | $199.4M | ||
| Q3 25 | $187.0M | $204.9M | ||
| Q2 25 | $170.6M | $176.1M | ||
| Q1 25 | $166.4M | $143.1M | ||
| Q4 24 | $166.7M | $148.9M | ||
| Q3 24 | $154.1M | $153.9M | ||
| Q2 24 | $146.4M | $154.0M | ||
| Q1 24 | $149.8M | $141.6M |
净利润APPNECVT
| Q4 25 | $-5.1M | — | ||
| Q3 25 | $7.8M | $-79.3M | ||
| Q2 25 | $-312.0K | $6.0M | ||
| Q1 25 | $-1.2M | $-3.6M | ||
| Q4 24 | $-13.6M | — | ||
| Q3 24 | $-2.1M | $14.3M | ||
| Q2 24 | $-43.6M | $8.3M | ||
| Q1 24 | $-32.9M | $1.2M |
毛利率APPNECVT
| Q4 25 | 64.8% | 23.4% | ||
| Q3 25 | 75.8% | 25.4% | ||
| Q2 25 | 74.3% | 22.8% | ||
| Q1 25 | 76.6% | 13.3% | ||
| Q4 24 | 67.8% | 28.9% | ||
| Q3 24 | 75.9% | 29.3% | ||
| Q2 24 | 73.1% | 27.3% | ||
| Q1 24 | 74.6% | 23.5% |
营业利润率APPNECVT
| Q4 25 | -0.3% | 10.9% | ||
| Q3 25 | 7.0% | 13.8% | ||
| Q2 25 | -6.4% | 9.0% | ||
| Q1 25 | -0.5% | -0.7% | ||
| Q4 24 | 3.0% | 15.1% | ||
| Q3 24 | -4.6% | 17.9% | ||
| Q2 24 | -26.8% | 14.1% | ||
| Q1 24 | -13.0% | 9.5% |
净利率APPNECVT
| Q4 25 | -2.5% | — | ||
| Q3 25 | 4.2% | -38.7% | ||
| Q2 25 | -0.2% | 3.4% | ||
| Q1 25 | -0.7% | -2.5% | ||
| Q4 24 | -8.2% | — | ||
| Q3 24 | -1.4% | 9.3% | ||
| Q2 24 | -29.8% | 5.4% | ||
| Q1 24 | -22.0% | 0.9% |
每股收益（稀释后）APPNECVT
| Q4 25 | $-0.06 | $0.06 | ||
| Q3 25 | $0.10 | $-0.69 | ||
| Q2 25 | $0.00 | $0.05 | ||
| Q1 25 | $-0.02 | $-0.03 | ||
| Q4 24 | $-0.18 | $-0.26 | ||
| Q3 24 | $-0.03 | $0.12 | ||
| Q2 24 | $-0.60 | $0.07 | ||
| Q1 24 | $-0.45 | $0.01 |
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 | $187.2M | $197.2M |
| 总债务越低越好 | $240.8M | $392.6M |
| 股东权益账面价值 | $-47.0M | $603.4M |
| 总资产 | $691.4M | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资APPNECVT
| Q4 25 | $187.2M | $197.2M | ||
| Q3 25 | $191.6M | $82.0M | ||
| Q2 25 | $184.8M | $69.6M | ||
| Q1 25 | $199.7M | $127.5M | ||
| Q4 24 | $159.9M | $131.4M | ||
| Q3 24 | $99.2M | $123.5M | ||
| Q2 24 | $120.8M | $83.3M | ||
| Q1 24 | $170.1M | $103.1M |
总债务APPNECVT
| Q4 25 | $240.8M | $392.6M | ||
| Q3 25 | $245.7M | $854.8M | ||
| Q2 25 | $245.6M | $856.6M | ||
| Q1 25 | $248.0M | $859.0M | ||
| Q4 24 | $250.4M | $860.8M | ||
| Q3 24 | $252.8M | $862.7M | ||
| Q2 24 | $254.0M | $862.4M | ||
| Q1 24 | $255.1M | $866.2M |
股东权益APPNECVT
| Q4 25 | $-47.0M | $603.4M | ||
| Q3 25 | $-48.5M | $607.9M | ||
| Q2 25 | $-53.7M | $692.4M | ||
| Q1 25 | $-31.7M | $698.7M | ||
| Q4 24 | $-32.6M | $700.5M | ||
| Q3 24 | $-49.8M | $729.4M | ||
| Q2 24 | $-45.7M | $717.3M | ||
| Q1 24 | $-9.7M | $711.4M |
总资产APPNECVT
| Q4 25 | $691.4M | $1.3B | ||
| Q3 25 | $611.7M | $1.7B | ||
| Q2 25 | $590.7M | $1.8B | ||
| Q1 25 | $592.9M | $1.8B | ||
| Q4 24 | $621.0M | $1.8B | ||
| Q3 24 | $549.9M | $1.8B | ||
| Q2 24 | $554.6M | $1.8B | ||
| Q1 24 | $595.4M | $1.8B |
负债/权益比APPNECVT
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 1.22× |
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 | $1.1M | $41.8M |
| 自由现金流经营现金流 - 资本支出 | $270.0K | $22.9M |
| 自由现金流率自由现金流/营收 | 0.1% | 11.5% |
| 资本支出强度资本支出/营收 | 0.4% | 9.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $59.6M | $69.9M |
8季度趋势，按日历期对齐
经营现金流APPNECVT
| Q4 25 | $1.1M | $41.8M | ||
| Q3 25 | $18.7M | $55.3M | ||
| Q2 25 | $-1.9M | $33.0M | ||
| Q1 25 | $45.0M | $10.3M | ||
| Q4 24 | $13.9M | $43.5M | ||
| Q3 24 | $-8.2M | $59.9M | ||
| Q2 24 | $-17.6M | $10.0M | ||
| Q1 24 | $18.9M | $36.5M |
自由现金流APPNECVT
| Q4 25 | $270.0K | $22.9M | ||
| Q3 25 | $18.1M | $53.2M | ||
| Q2 25 | $-3.1M | $7.8M | ||
| Q1 25 | $44.3M | $-14.0M | ||
| Q4 24 | $13.4M | $30.9M | ||
| Q3 24 | $-8.6M | $53.6M | ||
| Q2 24 | $-18.3M | $-9.3M | ||
| Q1 24 | $16.7M | $19.1M |
自由现金流率APPNECVT
| Q4 25 | 0.1% | 11.5% | ||
| Q3 25 | 9.7% | 26.0% | ||
| Q2 25 | -1.8% | 4.4% | ||
| Q1 25 | 26.6% | -9.8% | ||
| Q4 24 | 8.0% | 20.7% | ||
| Q3 24 | -5.6% | 34.9% | ||
| Q2 24 | -12.5% | -6.1% | ||
| Q1 24 | 11.1% | 13.5% |
资本支出强度APPNECVT
| Q4 25 | 0.4% | 9.4% | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | 0.7% | 14.4% | ||
| Q1 25 | 0.4% | 16.9% | ||
| Q4 24 | 0.3% | 8.5% | ||
| Q3 24 | 0.2% | 4.1% | ||
| Q2 24 | 0.5% | 12.5% | ||
| Q1 24 | 1.5% | 12.3% |
现金转化率APPNECVT
| Q4 25 | — | — | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | — | 5.52× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.21× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 29.90× |
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
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
