vs
Digital Turbine, Inc.（APPS）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是Digital Turbine, Inc.的1.5倍（$225.2M vs $151.4M），Digital Turbine, Inc.净利率更高（3.4% vs -375.6%，领先379.0%），PLUG POWER INC同比增速更快（17.6% vs 12.4%），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 16.2%）
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。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
APPS vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.5倍
$151.4M
营收增速更快
PLUG
高出5.2%
12.4%
净利率更高
APPS
高出379.0%
-375.6%
两年增速更快
PLUG
近两年复合增速
16.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $151.4M | $225.2M |
| 净利润 | $5.1M | $-846.0M |
| 毛利率 | 57.4% | 2.4% |
| 营业利润率 | 14.3% | -338.9% |
| 净利率 | 3.4% | -375.6% |
| 营收同比 | 12.4% | 17.6% |
| 净利润同比 | 122.1% | 36.7% |
| 每股收益（稀释后） | $0.03 | $-0.70 |
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APPSPLUG
| Q4 25 | $151.4M | $225.2M | ||
| Q3 25 | $140.4M | $177.1M | ||
| Q2 25 | $130.9M | $174.0M | ||
| Q1 25 | $119.2M | $133.7M | ||
| Q4 24 | $134.6M | $191.5M | ||
| Q3 24 | $118.7M | $173.7M | ||
| Q2 24 | $118.0M | $143.3M | ||
| Q1 24 | $112.2M | $120.3M |
净利润APPSPLUG
| Q4 25 | $5.1M | $-846.0M | ||
| Q3 25 | $-21.4M | $-361.9M | ||
| Q2 25 | $-14.1M | $-227.1M | ||
| Q1 25 | $-18.8M | $-196.7M | ||
| Q4 24 | $-23.1M | $-1.3B | ||
| Q3 24 | $-25.0M | $-211.2M | ||
| Q2 24 | $-25.2M | $-262.3M | ||
| Q1 24 | $-236.5M | $-295.8M |
毛利率APPSPLUG
| Q4 25 | 57.4% | 2.4% | ||
| Q3 25 | 55.1% | -67.9% | ||
| Q2 25 | 55.6% | -30.7% | ||
| Q1 25 | 55.4% | -55.3% | ||
| Q4 24 | 48.0% | -122.5% | ||
| Q3 24 | 52.6% | -57.6% | ||
| Q2 24 | 52.7% | -91.6% | ||
| Q1 24 | 52.3% | -132.3% |
营业利润率APPSPLUG
| Q4 25 | 14.3% | -338.9% | ||
| Q3 25 | 4.7% | -197.0% | ||
| Q2 25 | -3.6% | -101.7% | ||
| Q1 25 | -9.8% | -133.5% | ||
| Q4 24 | -9.5% | -678.7% | ||
| Q3 24 | -11.4% | -124.4% | ||
| Q2 24 | -13.6% | -170.7% | ||
| Q1 24 | -185.2% | -215.7% |
净利率APPSPLUG
| Q4 25 | 3.4% | -375.6% | ||
| Q3 25 | -15.2% | -204.4% | ||
| Q2 25 | -10.8% | -130.5% | ||
| Q1 25 | -15.8% | -147.1% | ||
| Q4 24 | -17.2% | -697.5% | ||
| Q3 24 | -21.0% | -121.5% | ||
| Q2 24 | -21.3% | -183.0% | ||
| Q1 24 | -210.7% | -245.9% |
每股收益（稀释后）APPSPLUG
| Q4 25 | $0.03 | $-0.70 | ||
| Q3 25 | $-0.20 | $-0.31 | ||
| Q2 25 | $-0.13 | $-0.20 | ||
| Q1 25 | $-0.18 | $-0.21 | ||
| Q4 24 | $-0.22 | $-1.61 | ||
| Q3 24 | $-0.24 | $-0.25 | ||
| Q2 24 | $-0.25 | $-0.36 | ||
| Q1 24 | $-2.33 | $-0.46 |
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 | $368.5M |
| 总债务越低越好 | $355.0M | — |
| 股东权益账面价值 | $194.6M | $978.1M |
| 总资产 | $858.2M | $2.6B |
| 负债/权益比越低杠杆越低 | 1.82× | — |
8季度趋势，按日历期对齐
现金及短期投资APPSPLUG
| Q4 25 | $40.2M | $368.5M | ||
| Q3 25 | $38.8M | $165.9M | ||
| Q2 25 | $33.4M | $140.7M | ||
| Q1 25 | $39.4M | $295.8M | ||
| Q4 24 | $34.6M | $205.7M | ||
| Q3 24 | $32.1M | $93.9M | ||
| Q2 24 | $35.0M | $62.4M | ||
| Q1 24 | $32.9M | $172.9M |
总债务APPSPLUG
| Q4 25 | $355.0M | — | ||
| Q3 25 | $396.4M | — | ||
| Q2 25 | $400.5M | — | ||
| Q1 25 | $408.7M | — | ||
| Q4 24 | $408.2M | — | ||
| Q3 24 | $407.6M | $3.9M | ||
| Q2 24 | $393.8M | $3.7M | ||
| Q1 24 | $383.5M | $3.8M |
股东权益APPSPLUG
| Q4 25 | $194.6M | $978.1M | ||
| Q3 25 | $148.1M | $1.4B | ||
| Q2 25 | $152.3M | $1.7B | ||
| Q1 25 | $154.0M | $1.9B | ||
| Q4 24 | $163.6M | $1.7B | ||
| Q3 24 | $182.4M | $3.0B | ||
| Q2 24 | $196.0M | $3.0B | ||
| Q1 24 | $213.9M | $2.9B |
总资产APPSPLUG
| Q4 25 | $858.2M | $2.6B | ||
| Q3 25 | $818.7M | $3.1B | ||
| Q2 25 | $818.4M | $3.4B | ||
| Q1 25 | $812.9M | $3.6B | ||
| Q4 24 | $839.7M | $3.6B | ||
| Q3 24 | $844.5M | $4.7B | ||
| Q2 24 | $860.2M | $4.8B | ||
| Q1 24 | $865.5M | $4.8B |
负债/权益比APPSPLUG
| Q4 25 | 1.82× | — | ||
| Q3 25 | 2.68× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.65× | — | ||
| Q4 24 | 2.50× | — | ||
| Q3 24 | 2.24× | 0.00× | ||
| Q2 24 | 2.01× | 0.00× | ||
| Q1 24 | 1.79× | 0.00× |
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 | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-153.0M |
| 自由现金流率自由现金流/营收 | — | -67.9% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 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 | — | $-647.0M |
8季度趋势，按日历期对齐
经营现金流APPSPLUG
| Q4 25 | $14.2M | $-148.6M | ||
| Q3 25 | $14.5M | $-89.8M | ||
| Q2 25 | $8.8M | $-191.8M | ||
| Q1 25 | $11.9M | $-105.6M | ||
| Q4 24 | $10.4M | $-131.2M | ||
| Q3 24 | $-8.7M | $-174.9M | ||
| Q2 24 | $-1.4M | $-254.7M | ||
| Q1 24 | $28.7M | $-167.7M |
自由现金流APPSPLUG
| Q4 25 | — | $-153.0M | ||
| Q3 25 | — | $-117.5M | ||
| Q2 25 | — | $-230.4M | ||
| Q1 25 | — | $-146.0M | ||
| Q4 24 | — | $-165.2M | ||
| Q3 24 | — | $-234.2M | ||
| Q2 24 | — | $-356.0M | ||
| Q1 24 | — | $-260.3M |
自由现金流率APPSPLUG
| Q4 25 | — | -67.9% | ||
| Q3 25 | — | -66.4% | ||
| Q2 25 | — | -132.5% | ||
| Q1 25 | — | -109.2% | ||
| Q4 24 | — | -86.3% | ||
| Q3 24 | — | -134.8% | ||
| Q2 24 | — | -248.4% | ||
| Q1 24 | — | -216.5% |
资本支出强度APPSPLUG
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 15.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 34.1% | ||
| Q2 24 | — | 70.7% | ||
| Q1 24 | — | 77.0% |
现金转化率APPSPLUG
| Q4 25 | 2.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
