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奥多比（ADBE）与C3.ai, Inc.（AI）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C3.ai, Inc.的85.1倍（$6.4B vs $75.1M）。奥多比净利率更高（29.5% vs -139.3%，领先168.8%）。奥多比同比增速更快（12.0% vs -20.3%）。奥多比自由现金流更多（$2.9B vs $-46.9M）。过去两年奥多比的营收复合增速更高（9.8% vs -2.1%）
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。
C3.ai是全球领先的企业级人工智能软件供应商，主要开发销售可扩展的AI应用、平台工具及垂直行业定制解决方案，服务覆盖制造、能源、金融、医疗、公共部门等领域，助力客户优化运营、降本增效、管控风险，实现数据驱动的业务决策。
ADBE vs AI — 直观对比
营收规模更大
ADBE
是对方的85.1倍
$75.1M
营收增速更快
ADBE
高出32.3%
-20.3%
净利率更高
ADBE
高出168.8%
-139.3%
自由现金流更多
ADBE
多$3.0B
$-46.9M
两年增速更快
ADBE
近两年复合增速
-2.1%
损益表 — Q1 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $75.1M |
| 净利润 | $1.9B | $-104.7M |
| 毛利率 | 89.6% | 40.4% |
| 营业利润率 | 37.8% | -149.2% |
| 净利率 | 29.5% | -139.3% |
| 营收同比 | 12.0% | -20.3% |
| 净利润同比 | 4.3% | -58.7% |
| 每股收益（稀释后） | $4.60 | $-0.75 |
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ADBEAI
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $75.1M | ||
| Q3 25 | $6.0B | $70.3M | ||
| Q2 25 | $5.9B | $108.7M | ||
| Q1 25 | $5.7B | $98.8M | ||
| Q4 24 | $5.6B | $94.3M | ||
| Q3 24 | $5.4B | $87.2M | ||
| Q2 24 | $5.3B | $86.6M |
净利润ADBEAI
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $-104.7M | ||
| Q3 25 | $1.8B | $-116.8M | ||
| Q2 25 | $1.7B | $-79.7M | ||
| Q1 25 | $1.8B | $-80.2M | ||
| Q4 24 | $1.7B | $-66.0M | ||
| Q3 24 | $1.7B | $-62.8M | ||
| Q2 24 | $1.6B | $-72.9M |
毛利率ADBEAI
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 40.4% | ||
| Q3 25 | 89.3% | 37.6% | ||
| Q2 25 | 89.1% | 62.1% | ||
| Q1 25 | 89.1% | 59.1% | ||
| Q4 24 | 89.0% | 61.3% | ||
| Q3 24 | 89.8% | 59.8% | ||
| Q2 24 | 88.7% | 59.6% |
营业利润率ADBEAI
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | -149.2% | ||
| Q3 25 | 36.3% | -177.7% | ||
| Q2 25 | 35.9% | -81.8% | ||
| Q1 25 | 37.9% | -88.7% | ||
| Q4 24 | 34.9% | -79.8% | ||
| Q3 24 | 36.8% | -83.2% | ||
| Q2 24 | 35.5% | -95.1% |
净利率ADBEAI
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | -139.3% | ||
| Q3 25 | 29.6% | -166.2% | ||
| Q2 25 | 28.8% | -73.3% | ||
| Q1 25 | 31.7% | -81.2% | ||
| Q4 24 | 30.0% | -69.9% | ||
| Q3 24 | 31.1% | -72.0% | ||
| Q2 24 | 29.6% | -84.2% |
每股收益（稀释后）ADBEAI
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $-0.75 | ||
| Q3 25 | $4.18 | $-0.86 | ||
| Q2 25 | $3.94 | $-0.60 | ||
| Q1 25 | $4.14 | $-0.62 | ||
| Q4 24 | $3.75 | $-0.52 | ||
| Q3 24 | $3.76 | $-0.50 | ||
| Q2 24 | $3.49 | $-0.59 |
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 | $6.9B | $675.0M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $771.9M |
| 总资产 | $29.7B | $961.3M |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资ADBEAI
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $675.0M | ||
| Q3 25 | $5.9B | $711.9M | ||
| Q2 25 | $5.7B | $742.7M | ||
| Q1 25 | $7.4B | $724.3M | ||
| Q4 24 | $7.9B | $730.4M | ||
| Q3 24 | $7.5B | $762.5M | ||
| Q2 24 | $8.1B | $750.4M |
总债务ADBEAI
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $6.2B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — |
股东权益ADBEAI
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $771.9M | ||
| Q3 25 | $11.8B | $798.8M | ||
| Q2 25 | $11.4B | $838.3M | ||
| Q1 25 | $13.1B | $860.2M | ||
| Q4 24 | $14.1B | $859.0M | ||
| Q3 24 | $14.5B | $874.9M | ||
| Q2 24 | $14.8B | $873.4M |
总资产ADBEAI
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $961.3M | ||
| Q3 25 | $28.8B | $968.7M | ||
| Q2 25 | $28.1B | $1.0B | ||
| Q1 25 | $30.0B | $1.1B | ||
| Q4 24 | $30.2B | $1.0B | ||
| Q3 24 | $29.8B | $1.1B | ||
| Q2 24 | $30.0B | $1.0B |
负债/权益比ADBEAI
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.28× | — | ||
| Q2 24 | 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 | $3.0B | $-46.5M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $-46.9M |
| 自由现金流率自由现金流/营收 | 45.7% | -62.4% |
| 资本支出强度资本支出/营收 | 0.6% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.57× | — |
| 过去12个月自由现金流最近4个季度 | $10.3B | $-93.2M |
8季度趋势，按日历期对齐
经营现金流ADBEAI
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $-46.5M | ||
| Q3 25 | $2.2B | $-33.5M | ||
| Q2 25 | $2.2B | $11.3M | ||
| Q1 25 | $2.5B | $-22.0M | ||
| Q4 24 | — | $-38.7M | ||
| Q3 24 | $2.0B | $8.0M | ||
| Q2 24 | $1.9B | $21.3M |
自由现金流ADBEAI
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $-46.9M | ||
| Q3 25 | $2.1B | $-34.3M | ||
| Q2 25 | $2.1B | $10.3M | ||
| Q1 25 | $2.5B | $-22.4M | ||
| Q4 24 | — | $-39.5M | ||
| Q3 24 | $2.0B | $7.1M | ||
| Q2 24 | $1.9B | $18.8M |
自由现金流率ADBEAI
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | -62.4% | ||
| Q3 25 | 35.5% | -48.8% | ||
| Q2 25 | 36.5% | 9.5% | ||
| Q1 25 | 43.0% | -22.7% | ||
| Q4 24 | — | -41.9% | ||
| Q3 24 | 36.3% | 8.2% | ||
| Q2 24 | 35.8% | 21.7% |
资本支出强度ADBEAI
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 0.5% | ||
| Q3 25 | 1.2% | 1.1% | ||
| Q2 25 | 0.8% | 0.9% | ||
| Q1 25 | 0.5% | 0.4% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | 1.1% | 1.1% | ||
| Q2 24 | 0.8% | 2.9% |
现金转化率ADBEAI
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 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
ADBE
| Subscription Revenue | $6.2B | 97% |
| Service Other | $110.0M | 2% |
| Products | $90.0M | 1% |
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
