vs
奥多比（ADBE）与ALLEGRO MICROSYSTEMS, INC.（ALGM）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ALLEGRO MICROSYSTEMS, INC.的27.9倍（$6.4B vs $229.2M）。奥多比净利率更高（29.5% vs 3.6%，领先25.9%）。ALLEGRO MICROSYSTEMS, INC.同比增速更快（28.9% vs 12.0%）。奥多比自由现金流更多（$2.9B vs $41.3M）。过去两年奥多比的营收复合增速更高（9.8% vs -2.4%）
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。
Allegro微系统是一家全球性半导体设计制造企业，专注于研发生产高性能功率与传感类集成电路，核心产品覆盖磁传感器、功率IC、运动控制解决方案，广泛服务于汽车、工业、消费电子、通信等下游领域。
ADBE vs ALGM — 直观对比
营收规模更大
ADBE
是对方的27.9倍
$229.2M
营收增速更快
ALGM
高出16.9%
12.0%
净利率更高
ADBE
高出25.9%
3.6%
自由现金流更多
ADBE
多$2.9B
$41.3M
两年增速更快
ADBE
近两年复合增速
-2.4%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $229.2M |
| 净利润 | $1.9B | $8.3M |
| 毛利率 | 89.6% | 46.7% |
| 营业利润率 | 37.8% | 4.2% |
| 净利率 | 29.5% | 3.6% |
| 营收同比 | 12.0% | 28.9% |
| 净利润同比 | 4.3% | 221.0% |
| 每股收益（稀释后） | $4.60 | $0.04 |
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ADBEALGM
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $229.2M | ||
| Q3 25 | $6.0B | $214.3M | ||
| Q2 25 | $5.9B | $203.4M | ||
| Q1 25 | $5.7B | $192.8M | ||
| Q4 24 | $5.6B | $177.9M | ||
| Q3 24 | $5.4B | $187.4M | ||
| Q2 24 | $5.3B | $166.9M |
净利润ADBEALGM
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $8.3M | ||
| Q3 25 | $1.8B | $6.5M | ||
| Q2 25 | $1.7B | $-13.2M | ||
| Q1 25 | $1.8B | $-14.8M | ||
| Q4 24 | $1.7B | $-6.9M | ||
| Q3 24 | $1.7B | $-33.7M | ||
| Q2 24 | $1.6B | $-17.7M |
毛利率ADBEALGM
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 46.7% | ||
| Q3 25 | 89.3% | 46.3% | ||
| Q2 25 | 89.1% | 44.9% | ||
| Q1 25 | 89.1% | 41.4% | ||
| Q4 24 | 89.0% | 45.7% | ||
| Q3 24 | 89.8% | 45.7% | ||
| Q2 24 | 88.7% | 44.8% |
营业利润率ADBEALGM
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 4.2% | ||
| Q3 25 | 36.3% | 2.9% | ||
| Q2 25 | 35.9% | -1.3% | ||
| Q1 25 | 37.9% | -6.8% | ||
| Q4 24 | 34.9% | -0.0% | ||
| Q3 24 | 36.8% | 2.2% | ||
| Q2 24 | 35.5% | -6.4% |
净利率ADBEALGM
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 3.6% | ||
| Q3 25 | 29.6% | 3.0% | ||
| Q2 25 | 28.8% | -6.5% | ||
| Q1 25 | 31.7% | -7.7% | ||
| Q4 24 | 30.0% | -3.9% | ||
| Q3 24 | 31.1% | -18.0% | ||
| Q2 24 | 29.6% | -10.6% |
每股收益（稀释后）ADBEALGM
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $0.04 | ||
| Q3 25 | $4.18 | $0.03 | ||
| Q2 25 | $3.94 | $-0.07 | ||
| Q1 25 | $4.14 | $-0.08 | ||
| Q4 24 | $3.75 | $-0.04 | ||
| Q3 24 | $3.76 | $-0.18 | ||
| Q2 24 | $3.49 | $-0.09 |
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 | $155.2M |
| 总债务越低越好 | $5.4B | $280.7M |
| 股东权益账面价值 | $11.4B | $962.7M |
| 总资产 | $29.7B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资ADBEALGM
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $155.2M | ||
| Q3 25 | $5.9B | $117.5M | ||
| Q2 25 | $5.7B | $129.1M | ||
| Q1 25 | $7.4B | $121.3M | ||
| Q4 24 | $7.9B | $138.5M | ||
| Q3 24 | $7.5B | $188.8M | ||
| Q2 24 | $8.1B | $173.1M |
总债务ADBEALGM
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $280.7M | ||
| Q3 25 | $6.2B | $280.4M | ||
| Q2 25 | $6.2B | $304.8M | ||
| Q1 25 | $6.2B | $338.9M | ||
| Q4 24 | $4.1B | $368.7M | ||
| Q3 24 | $4.1B | $393.0M | ||
| Q2 24 | $4.1B | $195.8M |
股东权益ADBEALGM
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $962.7M | ||
| Q3 25 | $11.8B | $944.2M | ||
| Q2 25 | $11.4B | $922.7M | ||
| Q1 25 | $13.1B | $929.6M | ||
| Q4 24 | $14.1B | $933.0M | ||
| Q3 24 | $14.5B | $937.3M | ||
| Q2 24 | $14.8B | $1.1B |
总资产ADBEALGM
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $1.4B | ||
| Q3 25 | $28.8B | $1.4B | ||
| Q2 25 | $28.1B | $1.4B | ||
| Q1 25 | $30.0B | $1.4B | ||
| Q4 24 | $30.2B | $1.4B | ||
| Q3 24 | $29.8B | $1.5B | ||
| Q2 24 | $30.0B | $1.4B |
负债/权益比ADBEALGM
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | 0.29× | ||
| Q3 25 | 0.53× | 0.30× | ||
| Q2 25 | 0.54× | 0.33× | ||
| Q1 25 | 0.47× | 0.36× | ||
| Q4 24 | 0.29× | 0.40× | ||
| Q3 24 | 0.28× | 0.42× | ||
| Q2 24 | 0.28× | 0.18× |
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 | $45.4M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $41.3M |
| 自由现金流率自由现金流/营收 | 45.7% | 18.0% |
| 资本支出强度资本支出/营收 | 0.6% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.57× | 5.47× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $121.2M |
8季度趋势，按日历期对齐
经营现金流ADBEALGM
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $45.4M | ||
| Q3 25 | $2.2B | $20.4M | ||
| Q2 25 | $2.2B | $61.6M | ||
| Q1 25 | $2.5B | $20.4M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | $2.0B | $15.5M | ||
| Q2 24 | $1.9B | $34.2M |
自由现金流ADBEALGM
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $41.3M | ||
| Q3 25 | $2.1B | $13.9M | ||
| Q2 25 | $2.1B | $51.0M | ||
| Q1 25 | $2.5B | $15.0M | ||
| Q4 24 | — | $-21.8M | ||
| Q3 24 | $2.0B | $5.6M | ||
| Q2 24 | $1.9B | $23.2M |
自由现金流率ADBEALGM
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 18.0% | ||
| Q3 25 | 35.5% | 6.5% | ||
| Q2 25 | 36.5% | 25.1% | ||
| Q1 25 | 43.0% | 7.8% | ||
| Q4 24 | — | -12.3% | ||
| Q3 24 | 36.3% | 3.0% | ||
| Q2 24 | 35.8% | 13.9% |
资本支出强度ADBEALGM
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 1.8% | ||
| Q3 25 | 1.2% | 3.0% | ||
| Q2 25 | 0.8% | 5.2% | ||
| Q1 25 | 0.5% | 2.8% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | 1.1% | 5.3% | ||
| Q2 24 | 0.8% | 6.6% |
现金转化率ADBEALGM
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 5.47× | ||
| Q3 25 | 1.24× | 3.12× | ||
| 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% |
ALGM
| Automotive End Market | $164.5M | 72% |
| Industrial And Other End Market | $64.7M | 28% |
