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APPIAN CORP（APPN）与Regency Centers（REG）财务数据对比。点击上方公司名可切换其他公司
Regency Centers的季度营收约是APPIAN CORP的2.0倍（$404.2M vs $202.9M），Regency Centers净利率更高（50.1% vs -2.5%，领先52.6%），APPIAN CORP同比增速更快（21.7% vs 8.5%），过去两年APPIAN CORP的营收复合增速更高（16.4% vs 5.4%）
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。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
APPN vs REG — 直观对比
营收规模更大
REG
是对方的2.0倍
$202.9M
营收增速更快
APPN
高出13.2%
8.5%
净利率更高
REG
高出52.6%
-2.5%
两年增速更快
APPN
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $202.9M | $404.2M |
| 净利润 | $-5.1M | $202.5M |
| 毛利率 | 64.8% | — |
| 营业利润率 | -0.3% | 71.0% |
| 净利率 | -2.5% | 50.1% |
| 营收同比 | 21.7% | 8.5% |
| 净利润同比 | 62.6% | 134.1% |
| 每股收益（稀释后） | $-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APPNREG
| Q4 25 | $202.9M | $404.2M | ||
| Q3 25 | $187.0M | $387.6M | ||
| Q2 25 | $170.6M | $380.8M | ||
| Q1 25 | $166.4M | $380.9M | ||
| Q4 24 | $166.7M | $372.5M | ||
| Q3 24 | $154.1M | $360.3M | ||
| Q2 24 | $146.4M | $357.3M | ||
| Q1 24 | $149.8M | $363.9M |
净利润APPNREG
| Q4 25 | $-5.1M | $202.5M | ||
| Q3 25 | $7.8M | $109.4M | ||
| Q2 25 | $-312.0K | $106.0M | ||
| Q1 25 | $-1.2M | $109.6M | ||
| Q4 24 | $-13.6M | $86.5M | ||
| Q3 24 | $-2.1M | $101.5M | ||
| Q2 24 | $-43.6M | $102.7M | ||
| Q1 24 | $-32.9M | $109.8M |
毛利率APPNREG
| Q4 25 | 64.8% | — | ||
| Q3 25 | 75.8% | — | ||
| Q2 25 | 74.3% | — | ||
| Q1 25 | 76.6% | — | ||
| Q4 24 | 67.8% | — | ||
| Q3 24 | 75.9% | — | ||
| Q2 24 | 73.1% | — | ||
| Q1 24 | 74.6% | — |
营业利润率APPNREG
| Q4 25 | -0.3% | 71.0% | ||
| Q3 25 | 7.0% | 72.7% | ||
| Q2 25 | -6.4% | 73.8% | ||
| Q1 25 | -0.5% | 71.8% | ||
| Q4 24 | 3.0% | 71.1% | ||
| Q3 24 | -4.6% | 72.5% | ||
| Q2 24 | -26.8% | 72.3% | ||
| Q1 24 | -13.0% | 72.3% |
净利率APPNREG
| Q4 25 | -2.5% | 50.1% | ||
| Q3 25 | 4.2% | 28.2% | ||
| Q2 25 | -0.2% | 27.8% | ||
| Q1 25 | -0.7% | 28.8% | ||
| Q4 24 | -8.2% | 23.2% | ||
| Q3 24 | -1.4% | 28.2% | ||
| Q2 24 | -29.8% | 28.7% | ||
| Q1 24 | -22.0% | 30.2% |
每股收益（稀释后）APPNREG
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $0.10 | — | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $-0.60 | — | ||
| Q1 24 | $-0.45 | — |
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 | — |
| 总债务越低越好 | $240.8M | $4.7B |
| 股东权益账面价值 | $-47.0M | $6.9B |
| 总资产 | $691.4M | $13.0B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资APPNREG
| Q4 25 | $187.2M | — | ||
| Q3 25 | $191.6M | — | ||
| Q2 25 | $184.8M | — | ||
| Q1 25 | $199.7M | — | ||
| Q4 24 | $159.9M | — | ||
| Q3 24 | $99.2M | — | ||
| Q2 24 | $120.8M | — | ||
| Q1 24 | $170.1M | — |
总债务APPNREG
| Q4 25 | $240.8M | $4.7B | ||
| Q3 25 | $245.7M | $4.9B | ||
| Q2 25 | $245.6M | $4.8B | ||
| Q1 25 | $248.0M | $4.6B | ||
| Q4 24 | $250.4M | $4.4B | ||
| Q3 24 | $252.8M | $4.4B | ||
| Q2 24 | $254.0M | $4.4B | ||
| Q1 24 | $255.1M | $4.4B |
股东权益APPNREG
| Q4 25 | $-47.0M | $6.9B | ||
| Q3 25 | $-48.5M | $6.8B | ||
| Q2 25 | $-53.7M | $6.7B | ||
| Q1 25 | $-31.7M | $6.7B | ||
| Q4 24 | $-32.6M | $6.7B | ||
| Q3 24 | $-49.8M | $6.8B | ||
| Q2 24 | $-45.7M | $6.8B | ||
| Q1 24 | $-9.7M | $7.0B |
总资产APPNREG
| Q4 25 | $691.4M | $13.0B | ||
| Q3 25 | $611.7M | $13.1B | ||
| Q2 25 | $590.7M | $12.7B | ||
| Q1 25 | $592.9M | $12.6B | ||
| Q4 24 | $621.0M | $12.4B | ||
| Q3 24 | $549.9M | $12.4B | ||
| Q2 24 | $554.6M | $12.4B | ||
| Q1 24 | $595.4M | $12.7B |
负债/权益比APPNREG
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.63× |
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 | $203.9M |
| 自由现金流经营现金流 - 资本支出 | $270.0K | — |
| 自由现金流率自由现金流/营收 | 0.1% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | — | 1.01× |
| 过去12个月自由现金流最近4个季度 | $59.6M | — |
8季度趋势，按日历期对齐
经营现金流APPNREG
| Q4 25 | $1.1M | $203.9M | ||
| Q3 25 | $18.7M | $218.7M | ||
| Q2 25 | $-1.9M | $244.0M | ||
| Q1 25 | $45.0M | $161.0M | ||
| Q4 24 | $13.9M | $191.4M | ||
| Q3 24 | $-8.2M | $227.6M | ||
| Q2 24 | $-17.6M | $203.5M | ||
| Q1 24 | $18.9M | $167.8M |
自由现金流APPNREG
| Q4 25 | $270.0K | — | ||
| Q3 25 | $18.1M | — | ||
| Q2 25 | $-3.1M | — | ||
| Q1 25 | $44.3M | — | ||
| Q4 24 | $13.4M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-18.3M | — | ||
| Q1 24 | $16.7M | — |
自由现金流率APPNREG
| Q4 25 | 0.1% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | -1.8% | — | ||
| Q1 25 | 26.6% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | -5.6% | — | ||
| Q2 24 | -12.5% | — | ||
| Q1 24 | 11.1% | — |
资本支出强度APPNREG
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 1.5% | — |
现金转化率APPNREG
| Q4 25 | — | 1.01× | ||
| Q3 25 | 2.39× | 2.00× | ||
| Q2 25 | — | 2.30× | ||
| Q1 25 | — | 1.47× | ||
| Q4 24 | — | 2.21× | ||
| Q3 24 | — | 2.24× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 1.53× |
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% |
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
