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艾奕康（ACM）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艾奕康的1.7倍（$6.4B vs $3.8B），奥多比净利率更高（29.5% vs 1.9%，领先27.6%），奥多比同比增速更快（12.0% vs 1.6%），奥多比自由现金流更多（$2.9B vs $41.9M），过去两年奥多比的营收复合增速更高（9.8% vs -1.4%）
AECOM是一家总部位于美国得克萨斯州达拉斯的跨国基础设施咨询企业，业务覆盖全球多地区，为交通、建筑、水务、能源等多个领域的工程项目提供专业规划、设计、项目管理等一体化咨询解决方案，在全球基建咨询行业拥有领先的市场地位。
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。
ACM vs ADBE — 直观对比
营收规模更大
ADBE
是对方的1.7倍
$3.8B
营收增速更快
ADBE
高出10.4%
1.6%
净利率更高
ADBE
高出27.6%
1.9%
自由现金流更多
ADBE
多$2.9B
$41.9M
两年增速更快
ADBE
近两年复合增速
-1.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $6.4B |
| 净利润 | $74.5M | $1.9B |
| 毛利率 | 7.3% | 89.6% |
| 营业利润率 | 5.8% | 37.8% |
| 净利率 | 1.9% | 29.5% |
| 营收同比 | 1.6% | 12.0% |
| 净利润同比 | -48.0% | 4.3% |
| 每股收益（稀释后） | $0.56 | $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ACMADBE
| Q1 26 | $3.8B | $6.4B | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | $4.2B | $6.0B | ||
| Q2 25 | $4.2B | $5.9B | ||
| Q1 25 | $3.8B | $5.7B | ||
| Q4 24 | $4.0B | $5.6B | ||
| Q3 24 | $4.1B | $5.4B | ||
| Q2 24 | $4.2B | $5.3B |
净利润ACMADBE
| Q1 26 | $74.5M | $1.9B | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | $120.4M | $1.8B | ||
| Q2 25 | $131.0M | $1.7B | ||
| Q1 25 | $143.4M | $1.8B | ||
| Q4 24 | $167.0M | $1.7B | ||
| Q3 24 | $172.5M | $1.7B | ||
| Q2 24 | $134.3M | $1.6B |
毛利率ACMADBE
| Q1 26 | 7.3% | 89.6% | ||
| Q4 25 | — | 89.5% | ||
| Q3 25 | 7.9% | 89.3% | ||
| Q2 25 | 7.8% | 89.1% | ||
| Q1 25 | 7.7% | 89.1% | ||
| Q4 24 | 6.7% | 89.0% | ||
| Q3 24 | 7.2% | 89.8% | ||
| Q2 24 | 6.9% | 88.7% |
营业利润率ACMADBE
| Q1 26 | 5.8% | 37.8% | ||
| Q4 25 | — | 36.5% | ||
| Q3 25 | 5.7% | 36.3% | ||
| Q2 25 | 7.0% | 35.9% | ||
| Q1 25 | 6.8% | 37.9% | ||
| Q4 24 | 5.9% | 34.9% | ||
| Q3 24 | 5.8% | 36.8% | ||
| Q2 24 | 5.5% | 35.5% |
净利率ACMADBE
| Q1 26 | 1.9% | 29.5% | ||
| Q4 25 | — | 30.0% | ||
| Q3 25 | 2.9% | 29.6% | ||
| Q2 25 | 3.1% | 28.8% | ||
| Q1 25 | 3.8% | 31.7% | ||
| Q4 24 | 4.2% | 30.0% | ||
| Q3 24 | 4.2% | 31.1% | ||
| Q2 24 | 3.2% | 29.6% |
每股收益（稀释后）ACMADBE
| Q1 26 | $0.56 | $4.60 | ||
| Q4 25 | — | $4.44 | ||
| Q3 25 | $0.90 | $4.18 | ||
| Q2 25 | $0.98 | $3.94 | ||
| Q1 25 | $1.08 | $4.14 | ||
| Q4 24 | $1.25 | $3.75 | ||
| Q3 24 | $1.27 | $3.76 | ||
| Q2 24 | $0.98 | $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 | $1.2B | $6.9B |
| 总债务越低越好 | $2.6B | $5.4B |
| 股东权益账面价值 | $2.2B | $11.4B |
| 总资产 | $11.9B | $29.7B |
| 负债/权益比越低杠杆越低 | 1.18× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资ACMADBE
| Q1 26 | $1.2B | $6.9B | ||
| Q4 25 | — | $6.6B | ||
| Q3 25 | $1.6B | $5.9B | ||
| Q2 25 | $1.8B | $5.7B | ||
| Q1 25 | $1.6B | $7.4B | ||
| Q4 24 | $1.6B | $7.9B | ||
| Q3 24 | $1.6B | $7.5B | ||
| Q2 24 | $1.6B | $8.1B |
总债务ACMADBE
| Q1 26 | $2.6B | $5.4B | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | $2.6B | $6.2B | ||
| Q2 25 | $2.5B | $6.2B | ||
| Q1 25 | $2.5B | $6.2B | ||
| Q4 24 | $2.5B | $4.1B | ||
| Q3 24 | $2.5B | $4.1B | ||
| Q2 24 | $2.5B | $4.1B |
股东权益ACMADBE
| Q1 26 | $2.2B | $11.4B | ||
| Q4 25 | — | $11.6B | ||
| Q3 25 | $2.5B | $11.8B | ||
| Q2 25 | $2.5B | $11.4B | ||
| Q1 25 | $2.3B | $13.1B | ||
| Q4 24 | $2.2B | $14.1B | ||
| Q3 24 | $2.2B | $14.5B | ||
| Q2 24 | $2.3B | $14.8B |
总资产ACMADBE
| Q1 26 | $11.9B | $29.7B | ||
| Q4 25 | — | $29.5B | ||
| Q3 25 | $12.2B | $28.8B | ||
| Q2 25 | $12.3B | $28.1B | ||
| Q1 25 | $11.8B | $30.0B | ||
| Q4 24 | $11.8B | $30.2B | ||
| Q3 24 | $12.1B | $29.8B | ||
| Q2 24 | $12.0B | $30.0B |
负债/权益比ACMADBE
| Q1 26 | 1.18× | 0.47× | ||
| Q4 25 | — | 0.53× | ||
| Q3 25 | 1.06× | 0.53× | ||
| Q2 25 | 0.99× | 0.54× | ||
| Q1 25 | 1.07× | 0.47× | ||
| Q4 24 | 1.11× | 0.29× | ||
| Q3 24 | 1.12× | 0.28× | ||
| Q2 24 | 1.07× | 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 | $70.2M | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $41.9M | $2.9B |
| 自由现金流率自由现金流/营收 | 1.1% | 45.7% |
| 资本支出强度资本支出/营收 | 0.7% | 0.6% |
| 现金转化率经营现金流/净利润 | 0.94× | 1.57× |
| 过去12个月自由现金流最近4个季度 | $616.0M | $10.3B |
8季度趋势，按日历期对齐
经营现金流ACMADBE
| Q1 26 | $70.2M | $3.0B | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | $196.1M | $2.2B | ||
| Q2 25 | $283.7M | $2.2B | ||
| Q1 25 | $190.7M | $2.5B | ||
| Q4 24 | $151.1M | — | ||
| Q3 24 | $298.8M | $2.0B | ||
| Q2 24 | $291.3M | $1.9B |
自由现金流ACMADBE
| Q1 26 | $41.9M | $2.9B | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | $134.1M | $2.1B | ||
| Q2 25 | $261.7M | $2.1B | ||
| Q1 25 | $178.3M | $2.5B | ||
| Q4 24 | $110.9M | — | ||
| Q3 24 | $274.5M | $2.0B | ||
| Q2 24 | $272.8M | $1.9B |
自由现金流率ACMADBE
| Q1 26 | 1.1% | 45.7% | ||
| Q4 25 | — | 50.5% | ||
| Q3 25 | 3.2% | 35.5% | ||
| Q2 25 | 6.3% | 36.5% | ||
| Q1 25 | 4.7% | 43.0% | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 6.7% | 36.3% | ||
| Q2 24 | 6.6% | 35.8% |
资本支出强度ACMADBE
| Q1 26 | 0.7% | 0.6% | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | 1.5% | 1.2% | ||
| Q2 25 | 0.5% | 0.8% | ||
| Q1 25 | 0.3% | 0.5% | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 0.6% | 1.1% | ||
| Q2 24 | 0.4% | 0.8% |
现金转化率ACMADBE
| Q1 26 | 0.94× | 1.57× | ||
| Q4 25 | — | 1.70× | ||
| Q3 25 | 1.63× | 1.24× | ||
| Q2 25 | 2.17× | 1.30× | ||
| Q1 25 | 1.33× | 1.37× | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 1.73× | 1.20× | ||
| Q2 24 | 2.17× | 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
ACM
暂无分部数据
ADBE
| Subscription Revenue | $6.2B | 97% |
| Service Other | $110.0M | 2% |
| Products | $90.0M | 1% |
