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奥多比（ADBE）与Arteris, Inc.（AIP）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Arteris, Inc.的317.7倍（$6.4B vs $20.1M）。奥多比净利率更高（29.5% vs -42.2%，领先71.8%）。Arteris, Inc.同比增速更快（30.0% vs 12.0%）。奥多比自由现金流更多（$2.9B vs $3.0M）。过去两年Arteris, Inc.的营收复合增速更高（24.7% vs 9.8%）
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。
Arteris公司是一家跨国科技企业，总部位于美国加利福尼亚州坎贝尔，主营片上网络（NoC）知识产权以及系统芯片（SoC）集成自动化软件的研发，产品用于各类半导体芯片与芯粒设计，客户覆盖汽车电子、人工智能、机器学习、企业计算、通信、消费电子、工业以及航空航天国防等多个领域。
ADBE vs AIP — 直观对比
营收规模更大
ADBE
是对方的317.7倍
$20.1M
营收增速更快
AIP
高出18.0%
12.0%
净利率更高
ADBE
高出71.8%
-42.2%
自由现金流更多
ADBE
多$2.9B
$3.0M
两年增速更快
AIP
近两年复合增速
9.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $20.1M |
| 净利润 | $1.9B | $-8.5M |
| 毛利率 | 89.6% | 90.8% |
| 营业利润率 | 37.8% | -42.0% |
| 净利率 | 29.5% | -42.2% |
| 营收同比 | 12.0% | 30.0% |
| 净利润同比 | 4.3% | -3.7% |
| 每股收益（稀释后） | $4.60 | $-0.19 |
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ADBEAIP
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $20.1M | ||
| Q3 25 | $6.0B | $17.4M | ||
| Q2 25 | $5.9B | $16.5M | ||
| Q1 25 | $5.7B | $16.5M | ||
| Q4 24 | $5.6B | $15.5M | ||
| Q3 24 | $5.4B | $14.7M | ||
| Q2 24 | $5.3B | $14.6M |
净利润ADBEAIP
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $-8.5M | ||
| Q3 25 | $1.8B | $-9.0M | ||
| Q2 25 | $1.7B | $-9.1M | ||
| Q1 25 | $1.8B | $-8.1M | ||
| Q4 24 | $1.7B | $-8.2M | ||
| Q3 24 | $1.7B | $-7.7M | ||
| Q2 24 | $1.6B | $-8.3M |
毛利率ADBEAIP
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 90.8% | ||
| Q3 25 | 89.3% | 89.9% | ||
| Q2 25 | 89.1% | 89.4% | ||
| Q1 25 | 89.1% | 90.8% | ||
| Q4 24 | 89.0% | 89.8% | ||
| Q3 24 | 89.8% | 90.1% | ||
| Q2 24 | 88.7% | 90.0% |
营业利润率ADBEAIP
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | -42.0% | ||
| Q3 25 | 36.3% | -50.1% | ||
| Q2 25 | 35.9% | -50.0% | ||
| Q1 25 | 37.9% | -46.6% | ||
| Q4 24 | 34.9% | -45.9% | ||
| Q3 24 | 36.8% | -53.8% | ||
| Q2 24 | 35.5% | -51.1% |
净利率ADBEAIP
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | -42.2% | ||
| Q3 25 | 29.6% | -51.6% | ||
| Q2 25 | 28.8% | -55.3% | ||
| Q1 25 | 31.7% | -49.1% | ||
| Q4 24 | 30.0% | -53.0% | ||
| Q3 24 | 31.1% | -52.2% | ||
| Q2 24 | 29.6% | -57.2% |
每股收益（稀释后）ADBEAIP
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $-0.19 | ||
| Q3 25 | $4.18 | $-0.21 | ||
| Q2 25 | $3.94 | $-0.22 | ||
| Q1 25 | $4.14 | $-0.20 | ||
| Q4 24 | $3.75 | $-0.19 | ||
| Q3 24 | $3.76 | $-0.20 | ||
| Q2 24 | $3.49 | $-0.22 |
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 | $33.9M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $-14.6M |
| 总资产 | $29.7B | $115.0M |
| 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ADBEAIP
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $33.9M | ||
| Q3 25 | $5.9B | $39.0M | ||
| Q2 25 | $5.7B | $38.0M | ||
| Q1 25 | $7.4B | $42.3M | ||
| Q4 24 | $7.9B | $43.8M | ||
| Q3 24 | $7.5B | $48.7M | ||
| Q2 24 | $8.1B | $45.8M |
总债务ADBEAIP
| 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ADBEAIP
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $-14.6M | ||
| Q3 25 | $11.8B | $-11.4M | ||
| Q2 25 | $11.4B | $-7.5M | ||
| Q1 25 | $13.1B | $-4.8M | ||
| Q4 24 | $14.1B | $-1.2M | ||
| Q3 24 | $14.5B | $2.2M | ||
| Q2 24 | $14.8B | $5.3M |
总资产ADBEAIP
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $115.0M | ||
| Q3 25 | $28.8B | $107.7M | ||
| Q2 25 | $28.1B | $106.9M | ||
| Q1 25 | $30.0B | $98.3M | ||
| Q4 24 | $30.2B | $106.1M | ||
| Q3 24 | $29.8B | $97.7M | ||
| Q2 24 | $30.0B | $96.4M |
负债/权益比ADBEAIP
| 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 | $3.2M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $3.0M |
| 自由现金流率自由现金流/营收 | 45.7% | 15.1% |
| 资本支出强度资本支出/营收 | 0.6% | 0.7% |
| 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 | $5.3M |
8季度趋势，按日历期对齐
经营现金流ADBEAIP
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $3.2M | ||
| Q3 25 | $2.2B | $3.2M | ||
| Q2 25 | $2.2B | $-2.5M | ||
| Q1 25 | $2.5B | $2.9M | ||
| Q4 24 | — | $-2.6M | ||
| Q3 24 | $2.0B | $1.1M | ||
| Q2 24 | $1.9B | $311.0K |
自由现金流ADBEAIP
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $3.0M | ||
| Q3 25 | $2.1B | $2.5M | ||
| Q2 25 | $2.1B | $-2.8M | ||
| Q1 25 | $2.5B | $2.7M | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | $2.0B | $1.1M | ||
| Q2 24 | $1.9B | $264.0K |
自由现金流率ADBEAIP
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 15.1% | ||
| Q3 25 | 35.5% | 14.2% | ||
| Q2 25 | 36.5% | -17.2% | ||
| Q1 25 | 43.0% | 16.2% | ||
| Q4 24 | — | -17.3% | ||
| Q3 24 | 36.3% | 7.4% | ||
| Q2 24 | 35.8% | 1.8% |
资本支出强度ADBEAIP
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 0.7% | ||
| Q3 25 | 1.2% | 4.1% | ||
| Q2 25 | 0.8% | 2.2% | ||
| Q1 25 | 0.5% | 1.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 1.1% | 0.2% | ||
| Q2 24 | 0.8% | 0.3% |
现金转化率ADBEAIP
| 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% |
AIP
| License And Maintenance | $17.5M | 87% |
| Variable Royalties And Other | $2.6M | 13% |
