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ACI WORLDWIDE, INC.（ACIW）与奥多比（ADBE）财务数据对比。点击上方公司名可切换其他公司
奥多比的季度营收约是ACI WORLDWIDE, INC.的13.3倍（$6.4B vs $481.6M）。奥多比净利率更高（29.5% vs 13.4%，领先16.2%）。奥多比同比增速更快（12.0% vs 6.3%）。奥多比自由现金流更多（$2.9B vs $116.6M）。过去两年ACI WORLDWIDE, INC.的营收复合增速更高（23.4% vs 9.8%）
ACI Worldwide是全球领先的数字支付软件企业，总部位于美国内布拉斯加州埃尔克霍恩，为94个国家的客户提供服务，每日处理数十亿笔交易，总价值达数万亿美元。其智能解决方案服务于银行、金融机构、商户、账单服务商、收单机构、发卡机构及第三方支付服务商，支持全渠道搭建安全支付体系。
奥多比（Adobe Inc.）前身为奥多比系统公司，是总部位于美国加利福尼亚州圣何塞的跨国计算机软件企业。旗下产品覆盖网页设计、图像处理、矢量创作、音视频编辑、移动应用开发、印刷排版、动画制作等多个领域，是全球领先的数字创意软件服务商。
ACIW vs ADBE — 直观对比
营收规模更大
ADBE
是对方的13.3倍
$481.6M
营收增速更快
ADBE
高出5.7%
6.3%
净利率更高
ADBE
高出16.2%
13.4%
自由现金流更多
ADBE
多$2.8B
$116.6M
两年增速更快
ACIW
近两年复合增速
9.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $6.4B |
| 净利润 | $64.3M | $1.9B |
| 毛利率 | 53.0% | 89.6% |
| 营业利润率 | 22.6% | 37.8% |
| 净利率 | 13.4% | 29.5% |
| 营收同比 | 6.3% | 12.0% |
| 净利润同比 | -34.7% | 4.3% |
| 每股收益（稀释后） | $0.61 | $4.60 |
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ACIWADBE
| Q1 26 | — | $6.4B | ||
| Q4 25 | $481.6M | $6.2B | ||
| Q3 25 | $482.4M | $6.0B | ||
| Q2 25 | $401.3M | $5.9B | ||
| Q1 25 | $394.6M | $5.7B | ||
| Q4 24 | $453.0M | $5.6B | ||
| Q3 24 | $451.8M | $5.4B | ||
| Q2 24 | $373.5M | $5.3B |
净利润ACIWADBE
| Q1 26 | — | $1.9B | ||
| Q4 25 | $64.3M | $1.9B | ||
| Q3 25 | $91.3M | $1.8B | ||
| Q2 25 | $12.2M | $1.7B | ||
| Q1 25 | $58.9M | $1.8B | ||
| Q4 24 | $98.6M | $1.7B | ||
| Q3 24 | $81.4M | $1.7B | ||
| Q2 24 | $30.9M | $1.6B |
毛利率ACIWADBE
| Q1 26 | — | 89.6% | ||
| Q4 25 | 53.0% | 89.5% | ||
| Q3 25 | 53.7% | 89.3% | ||
| Q2 25 | 41.5% | 89.1% | ||
| Q1 25 | 45.9% | 89.1% | ||
| Q4 24 | 55.8% | 89.0% | ||
| Q3 24 | 56.3% | 89.8% | ||
| Q2 24 | 45.6% | 88.7% |
营业利润率ACIWADBE
| Q1 26 | — | 37.8% | ||
| Q4 25 | 22.6% | 36.5% | ||
| Q3 25 | 26.5% | 36.3% | ||
| Q2 25 | 8.7% | 35.9% | ||
| Q1 25 | 14.8% | 37.9% | ||
| Q4 24 | 27.0% | 34.9% | ||
| Q3 24 | 27.1% | 36.8% | ||
| Q2 24 | 14.4% | 35.5% |
净利率ACIWADBE
| Q1 26 | — | 29.5% | ||
| Q4 25 | 13.4% | 30.0% | ||
| Q3 25 | 18.9% | 29.6% | ||
| Q2 25 | 3.0% | 28.8% | ||
| Q1 25 | 14.9% | 31.7% | ||
| Q4 24 | 21.8% | 30.0% | ||
| Q3 24 | 18.0% | 31.1% | ||
| Q2 24 | 8.3% | 29.6% |
每股收益（稀释后）ACIWADBE
| Q1 26 | — | $4.60 | ||
| Q4 25 | $0.61 | $4.44 | ||
| Q3 25 | $0.88 | $4.18 | ||
| Q2 25 | $0.12 | $3.94 | ||
| Q1 25 | $0.55 | $4.14 | ||
| Q4 24 | $0.92 | $3.75 | ||
| Q3 24 | $0.77 | $3.76 | ||
| Q2 24 | $0.29 | $3.49 |
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 | $196.5M | $6.9B |
| 总债务越低越好 | $817.6M | $5.4B |
| 股东权益账面价值 | $1.5B | $11.4B |
| 总资产 | $3.1B | $29.7B |
| 负债/权益比越低杠杆越低 | 0.54× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资ACIWADBE
| Q1 26 | — | $6.9B | ||
| Q4 25 | $196.5M | $6.6B | ||
| Q3 25 | $199.3M | $5.9B | ||
| Q2 25 | $189.7M | $5.7B | ||
| Q1 25 | $230.1M | $7.4B | ||
| Q4 24 | $216.4M | $7.9B | ||
| Q3 24 | $177.9M | $7.5B | ||
| Q2 24 | $157.0M | $8.1B |
总债务ACIWADBE
| Q1 26 | — | $5.4B | ||
| Q4 25 | $817.6M | $6.2B | ||
| Q3 25 | $867.8M | $6.2B | ||
| Q2 25 | $898.0M | $6.2B | ||
| Q1 25 | $845.9M | $6.2B | ||
| Q4 24 | $924.6M | $4.1B | ||
| Q3 24 | $994.3M | $4.1B | ||
| Q2 24 | $1.0B | $4.1B |
股东权益ACIWADBE
| Q1 26 | — | $11.4B | ||
| Q4 25 | $1.5B | $11.6B | ||
| Q3 25 | $1.5B | $11.8B | ||
| Q2 25 | $1.4B | $11.4B | ||
| Q1 25 | $1.5B | $13.1B | ||
| Q4 24 | $1.4B | $14.1B | ||
| Q3 24 | $1.3B | $14.5B | ||
| Q2 24 | $1.2B | $14.8B |
总资产ACIWADBE
| Q1 26 | — | $29.7B | ||
| Q4 25 | $3.1B | $29.5B | ||
| Q3 25 | $3.2B | $28.8B | ||
| Q2 25 | $3.1B | $28.1B | ||
| Q1 25 | $3.2B | $30.0B | ||
| Q4 24 | $3.0B | $30.2B | ||
| Q3 24 | $3.1B | $29.8B | ||
| Q2 24 | $3.4B | $30.0B |
负债/权益比ACIWADBE
| Q1 26 | — | 0.47× | ||
| Q4 25 | 0.54× | 0.53× | ||
| Q3 25 | 0.59× | 0.53× | ||
| Q2 25 | 0.64× | 0.54× | ||
| Q1 25 | 0.57× | 0.47× | ||
| Q4 24 | 0.65× | 0.29× | ||
| Q3 24 | 0.75× | 0.28× | ||
| Q2 24 | 0.82× | 0.28× |
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 | $121.8M | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $116.6M | $2.9B |
| 自由现金流率自由现金流/营收 | 24.2% | 45.7% |
| 资本支出强度资本支出/营收 | 1.1% | 0.6% |
| 现金转化率经营现金流/净利润 | 1.89× | 1.57× |
| 过去12个月自由现金流最近4个季度 | $309.9M | $10.3B |
8季度趋势，按日历期对齐
经营现金流ACIWADBE
| Q1 26 | — | $3.0B | ||
| Q4 25 | $121.8M | $3.2B | ||
| Q3 25 | $73.0M | $2.2B | ||
| Q2 25 | $49.8M | $2.2B | ||
| Q1 25 | $78.2M | $2.5B | ||
| Q4 24 | $126.5M | — | ||
| Q3 24 | $54.0M | $2.0B | ||
| Q2 24 | $55.0M | $1.9B |
自由现金流ACIWADBE
| Q1 26 | — | $2.9B | ||
| Q4 25 | $116.6M | $3.1B | ||
| Q3 25 | $69.6M | $2.1B | ||
| Q2 25 | $47.6M | $2.1B | ||
| Q1 25 | $76.1M | $2.5B | ||
| Q4 24 | $119.5M | — | ||
| Q3 24 | $50.5M | $2.0B | ||
| Q2 24 | $53.3M | $1.9B |
自由现金流率ACIWADBE
| Q1 26 | — | 45.7% | ||
| Q4 25 | 24.2% | 50.5% | ||
| Q3 25 | 14.4% | 35.5% | ||
| Q2 25 | 11.9% | 36.5% | ||
| Q1 25 | 19.3% | 43.0% | ||
| Q4 24 | 26.4% | — | ||
| Q3 24 | 11.2% | 36.3% | ||
| Q2 24 | 14.3% | 35.8% |
资本支出强度ACIWADBE
| Q1 26 | — | 0.6% | ||
| Q4 25 | 1.1% | 0.5% | ||
| Q3 25 | 0.7% | 1.2% | ||
| Q2 25 | 0.5% | 0.8% | ||
| Q1 25 | 0.5% | 0.5% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 0.8% | 1.1% | ||
| Q2 24 | 0.5% | 0.8% |
现金转化率ACIWADBE
| Q1 26 | — | 1.57× | ||
| Q4 25 | 1.89× | 1.70× | ||
| Q3 25 | 0.80× | 1.24× | ||
| Q2 25 | 4.08× | 1.30× | ||
| Q1 25 | 1.33× | 1.37× | ||
| Q4 24 | 1.28× | — | ||
| Q3 24 | 0.66× | 1.20× | ||
| Q2 24 | 1.78× | 1.23× |
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
ACIW
| Issuing And Acquiring | $183.7M | 38% |
| License | $158.3M | 33% |
| Maintenance | $50.8M | 11% |
| Software And Platform Service | $49.6M | 10% |
| Merchant Payments | $42.4M | 9% |
ADBE
| Subscription Revenue | $6.2B | 97% |
| Service Other | $110.0M | 2% |
| Products | $90.0M | 1% |
