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Digital Turbine, Inc.（APPS）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
六旗的季度营收约是Digital Turbine, Inc.的4.3倍（$650.1M vs $151.4M），Digital Turbine, Inc.净利率更高（3.4% vs -14.2%，领先17.6%）
Digital Turbine是一家全球移动广告科技企业，为移动运营商、设备厂商及应用开发者提供端到端的应用变现、用户获取和定向广告解决方案，业务覆盖北美、欧洲、亚太地区，服务电信、移动科技、消费应用等多个核心领域。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
APPS vs FUN — 直观对比
营收规模更大
FUN
是对方的4.3倍
$151.4M
净利率更高
APPS
高出17.6%
-14.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $151.4M | $650.1M |
| 净利润 | $5.1M | $-92.4M |
| 毛利率 | 57.4% | 91.4% |
| 营业利润率 | 14.3% | -3.8% |
| 净利率 | 3.4% | -14.2% |
| 营收同比 | 12.4% | — |
| 净利润同比 | 122.1% | — |
| 每股收益（稀释后） | $0.03 | $-0.93 |
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APPSFUN
| Q4 25 | $151.4M | $650.1M | ||
| Q3 25 | $140.4M | $1.3B | ||
| Q2 25 | $130.9M | $930.4M | ||
| Q1 25 | $119.2M | $202.1M | ||
| Q4 24 | $134.6M | — | ||
| Q3 24 | $118.7M | $1.3B | ||
| Q2 24 | $118.0M | $571.6M | ||
| Q1 24 | $112.2M | — |
净利润APPSFUN
| Q4 25 | $5.1M | $-92.4M | ||
| Q3 25 | $-21.4M | $-1.2B | ||
| Q2 25 | $-14.1M | $-99.6M | ||
| Q1 25 | $-18.8M | $-219.7M | ||
| Q4 24 | $-23.1M | — | ||
| Q3 24 | $-25.0M | $111.0M | ||
| Q2 24 | $-25.2M | $55.6M | ||
| Q1 24 | $-236.5M | — |
毛利率APPSFUN
| Q4 25 | 57.4% | 91.4% | ||
| Q3 25 | 55.1% | 91.6% | ||
| Q2 25 | 55.6% | 91.3% | ||
| Q1 25 | 55.4% | 89.3% | ||
| Q4 24 | 48.0% | — | ||
| Q3 24 | 52.6% | 91.9% | ||
| Q2 24 | 52.7% | 90.7% | ||
| Q1 24 | 52.3% | — |
营业利润率APPSFUN
| Q4 25 | 14.3% | -3.8% | ||
| Q3 25 | 4.7% | -83.7% | ||
| Q2 25 | -3.6% | 8.0% | ||
| Q1 25 | -9.8% | -158.9% | ||
| Q4 24 | -9.5% | — | ||
| Q3 24 | -11.4% | 19.5% | ||
| Q2 24 | -13.6% | 21.6% | ||
| Q1 24 | -185.2% | — |
净利率APPSFUN
| Q4 25 | 3.4% | -14.2% | ||
| Q3 25 | -15.2% | -90.1% | ||
| Q2 25 | -10.8% | -10.7% | ||
| Q1 25 | -15.8% | -108.7% | ||
| Q4 24 | -17.2% | — | ||
| Q3 24 | -21.0% | 8.2% | ||
| Q2 24 | -21.3% | 9.7% | ||
| Q1 24 | -210.7% | — |
每股收益（稀释后）APPSFUN
| Q4 25 | $0.03 | $-0.93 | ||
| Q3 25 | $-0.20 | $-11.77 | ||
| Q2 25 | $-0.13 | $-0.99 | ||
| Q1 25 | $-0.18 | $-2.20 | ||
| Q4 24 | $-0.22 | — | ||
| Q3 24 | $-0.24 | $1.10 | ||
| Q2 24 | $-0.25 | — | ||
| Q1 24 | $-2.33 | — |
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 | $40.2M | $91.1M |
| 总债务越低越好 | $355.0M | $5.2B |
| 股东权益账面价值 | $194.6M | $549.8M |
| 总资产 | $858.2M | $7.8B |
| 负债/权益比越低杠杆越低 | 1.82× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资APPSFUN
| Q4 25 | $40.2M | $91.1M | ||
| Q3 25 | $38.8M | $70.7M | ||
| Q2 25 | $33.4M | $107.4M | ||
| Q1 25 | $39.4M | $61.5M | ||
| Q4 24 | $34.6M | — | ||
| Q3 24 | $32.1M | $89.7M | ||
| Q2 24 | $35.0M | $52.9M | ||
| Q1 24 | $32.9M | — |
总债务APPSFUN
| Q4 25 | $355.0M | $5.2B | ||
| Q3 25 | $396.4M | $5.0B | ||
| Q2 25 | $400.5M | $5.3B | ||
| Q1 25 | $408.7M | $5.0B | ||
| Q4 24 | $408.2M | — | ||
| Q3 24 | $407.6M | $4.6B | ||
| Q2 24 | $393.8M | $2.3B | ||
| Q1 24 | $383.5M | — |
股东权益APPSFUN
| Q4 25 | $194.6M | $549.8M | ||
| Q3 25 | $148.1M | $614.3M | ||
| Q2 25 | $152.3M | $1.8B | ||
| Q1 25 | $154.0M | $1.8B | ||
| Q4 24 | $163.6M | — | ||
| Q3 24 | $182.4M | $2.3B | ||
| Q2 24 | $196.0M | — | ||
| Q1 24 | $213.9M | — |
总资产APPSFUN
| Q4 25 | $858.2M | $7.8B | ||
| Q3 25 | $818.7M | $7.9B | ||
| Q2 25 | $818.4M | $9.5B | ||
| Q1 25 | $812.9M | $9.2B | ||
| Q4 24 | $839.7M | — | ||
| Q3 24 | $844.5M | $9.4B | ||
| Q2 24 | $860.2M | $2.3B | ||
| Q1 24 | $865.5M | — |
负债/权益比APPSFUN
| Q4 25 | 1.82× | 9.40× | ||
| Q3 25 | 2.68× | 8.16× | ||
| Q2 25 | 2.63× | 2.97× | ||
| Q1 25 | 2.65× | 2.75× | ||
| Q4 24 | 2.50× | — | ||
| Q3 24 | 2.24× | 1.95× | ||
| Q2 24 | 2.01× | — | ||
| Q1 24 | 1.79× | — |
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 | $14.2M | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-109.3M |
| 自由现金流率自由现金流/营收 | — | -16.8% |
| 资本支出强度资本支出/营收 | — | 11.0% |
| 现金转化率经营现金流/净利润 | 2.78× | — |
| 过去12个月自由现金流最近4个季度 | — | $-152.2M |
8季度趋势，按日历期对齐
经营现金流APPSFUN
| Q4 25 | $14.2M | $-37.7M | ||
| Q3 25 | $14.5M | $356.2M | ||
| Q2 25 | $8.8M | $187.0M | ||
| Q1 25 | $11.9M | $-178.0M | ||
| Q4 24 | $10.4M | — | ||
| Q3 24 | $-8.7M | $337.4M | ||
| Q2 24 | $-1.4M | — | ||
| Q1 24 | $28.7M | — |
自由现金流APPSFUN
| Q4 25 | — | $-109.3M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | — | $18.8M | ||
| Q1 25 | — | $-318.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $227.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率APPSFUN
| Q4 25 | — | -16.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | -157.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度APPSFUN
| Q4 25 | — | 11.0% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率APPSFUN
| Q4 25 | 2.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.04× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
APPS
| On Device Solutions | $99.6M | 66% |
| App Growth Platform | $52.6M | 35% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
