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奥多比（ADBE）与ALKAMI TECHNOLOGY, INC.（ALKT）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ALKAMI TECHNOLOGY, INC.的53.0倍（$6.4B vs $120.8M）。ALKAMI TECHNOLOGY, INC.同比增速更快（34.7% vs 12.0%）。奥多比自由现金流更多（$2.9B vs $16.2M）。过去两年ALKAMI TECHNOLOGY, INC.的营收复合增速更高（26.0% 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。
Alkami科技是一家面向美国市场的云原生数字银行解决方案提供商，主要为社区银行、信用合作社等金融机构提供在线及移动银行系统、支付处理工具、数据分析模块与客户互动功能，助力合作机构优化终端用户的数字银行使用体验。
ADBE vs ALKT — 直观对比
营收规模更大
ADBE
是对方的53.0倍
$120.8M
营收增速更快
ALKT
高出22.8%
12.0%
自由现金流更多
ADBE
多$2.9B
$16.2M
两年增速更快
ALKT
近两年复合增速
9.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $120.8M |
| 净利润 | $1.9B | — |
| 毛利率 | 89.6% | 57.2% |
| 营业利润率 | 37.8% | -7.9% |
| 净利率 | 29.5% | — |
| 营收同比 | 12.0% | 34.7% |
| 净利润同比 | 4.3% | — |
| 每股收益（稀释后） | $4.60 | $-0.11 |
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ADBEALKT
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $120.8M | ||
| Q3 25 | $6.0B | $113.0M | ||
| Q2 25 | $5.9B | $112.1M | ||
| Q1 25 | $5.7B | $97.8M | ||
| Q4 24 | $5.6B | $89.7M | ||
| Q3 24 | $5.4B | $85.9M | ||
| Q2 24 | $5.3B | $82.2M |
净利润ADBEALKT
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $-14.8M | ||
| Q2 25 | $1.7B | $-13.6M | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $-9.4M | ||
| Q2 24 | $1.6B | $-12.3M |
毛利率ADBEALKT
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 57.2% | ||
| Q3 25 | 89.3% | 56.8% | ||
| Q2 25 | 89.1% | 58.6% | ||
| Q1 25 | 89.1% | 59.0% | ||
| Q4 24 | 89.0% | 59.3% | ||
| Q3 24 | 89.8% | 58.9% | ||
| Q2 24 | 88.7% | 59.4% |
营业利润率ADBEALKT
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | -7.9% | ||
| Q3 25 | 36.3% | -11.4% | ||
| Q2 25 | 35.9% | -14.2% | ||
| Q1 25 | 37.9% | -15.7% | ||
| Q4 24 | 34.9% | -9.6% | ||
| Q3 24 | 36.8% | -12.1% | ||
| Q2 24 | 35.5% | -16.1% |
净利率ADBEALKT
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | — | ||
| Q3 25 | 29.6% | -13.1% | ||
| Q2 25 | 28.8% | -12.1% | ||
| Q1 25 | 31.7% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 31.1% | -11.0% | ||
| Q2 24 | 29.6% | -15.0% |
每股收益（稀释后）ADBEALKT
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $-0.11 | ||
| Q3 25 | $4.18 | $-0.14 | ||
| Q2 25 | $3.94 | $-0.13 | ||
| Q1 25 | $4.14 | $-0.08 | ||
| Q4 24 | $3.75 | $-0.07 | ||
| Q3 24 | $3.76 | $-0.09 | ||
| Q2 24 | $3.49 | $-0.13 |
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 | $63.5M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $362.0M |
| 总资产 | $29.7B | $847.2M |
| 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ADBEALKT
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $63.5M | ||
| Q3 25 | $5.9B | $57.3M | ||
| Q2 25 | $5.7B | $52.4M | ||
| Q1 25 | $7.4B | $61.7M | ||
| Q4 24 | $7.9B | $94.4M | ||
| Q3 24 | $7.5B | $81.0M | ||
| Q2 24 | $8.1B | $61.4M |
总债务ADBEALKT
| 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ADBEALKT
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $362.0M | ||
| Q3 25 | $11.8B | $350.1M | ||
| Q2 25 | $11.4B | $344.0M | ||
| Q1 25 | $13.1B | $334.0M | ||
| Q4 24 | $14.1B | $357.0M | ||
| Q3 24 | $14.5B | $338.5M | ||
| Q2 24 | $14.8B | $327.2M |
总资产ADBEALKT
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $847.2M | ||
| Q3 25 | $28.8B | $835.2M | ||
| Q2 25 | $28.1B | $840.4M | ||
| Q1 25 | $30.0B | $837.2M | ||
| Q4 24 | $30.2B | $437.3M | ||
| Q3 24 | $29.8B | $422.2M | ||
| Q2 24 | $30.0B | $403.9M |
负债/权益比ADBEALKT
| 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 | $16.6M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $16.2M |
| 自由现金流率自由现金流/营收 | 45.7% | 13.4% |
| 资本支出强度资本支出/营收 | 0.6% | 0.3% |
| 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 | $41.4M |
8季度趋势，按日历期对齐
经营现金流ADBEALKT
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $16.6M | ||
| Q3 25 | $2.2B | $30.8M | ||
| Q2 25 | $2.2B | $1.2M | ||
| Q1 25 | $2.5B | $-5.7M | ||
| Q4 24 | — | $6.1M | ||
| Q3 24 | $2.0B | $11.0M | ||
| Q2 24 | $1.9B | $548.0K |
自由现金流ADBEALKT
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $16.2M | ||
| Q3 25 | $2.1B | $30.5M | ||
| Q2 25 | $2.1B | $760.0K | ||
| Q1 25 | $2.5B | $-6.1M | ||
| Q4 24 | — | $6.0M | ||
| Q3 24 | $2.0B | $10.7M | ||
| Q2 24 | $1.9B | $123.0K |
自由现金流率ADBEALKT
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 13.4% | ||
| Q3 25 | 35.5% | 27.0% | ||
| Q2 25 | 36.5% | 0.7% | ||
| Q1 25 | 43.0% | -6.3% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 36.3% | 12.4% | ||
| Q2 24 | 35.8% | 0.1% |
资本支出强度ADBEALKT
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 0.3% | ||
| Q3 25 | 1.2% | 0.2% | ||
| Q2 25 | 0.8% | 0.4% | ||
| Q1 25 | 0.5% | 0.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 1.1% | 0.4% | ||
| Q2 24 | 0.8% | 0.5% |
现金转化率ADBEALKT
| 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% |
ALKT
| Saa S Subscription Services | $115.1M | 95% |
| Implementation Services | $3.6M | 3% |
| Service Other | $2.1M | 2% |
