vs
奥多比（ADBE）与英美资源集团（AMSC）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英美资源集团的85.8倍（$6.4B vs $74.5M）。英美资源集团净利率更高（158.1% vs 29.5%，领先128.5%）。英美资源集团同比增速更快（21.4% vs 12.0%）。奥多比自由现金流更多（$2.9B vs $2.4M）。过去两年英美资源集团的营收复合增速更高（33.2% 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。
英美资源集团是一家总部位于英国伦敦的跨国矿业企业，是全球最大的铂金生产商，产量约占全球总产出的40%，同时也是钻石、铜、镍、铁矿石、多卤石、炼焦煤的主要供应商，业务布局覆盖非洲、亚洲、大洋洲、欧洲、南北美洲多个地区。
ADBE vs AMSC — 直观对比
营收规模更大
ADBE
是对方的85.8倍
$74.5M
营收增速更快
AMSC
高出9.4%
12.0%
净利率更高
AMSC
高出128.5%
29.5%
自由现金流更多
ADBE
多$2.9B
$2.4M
两年增速更快
AMSC
近两年复合增速
9.8%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $74.5M |
| 净利润 | $1.9B | $117.8M |
| 毛利率 | 89.6% | 30.7% |
| 营业利润率 | 37.8% | 4.5% |
| 净利率 | 29.5% | 158.1% |
| 营收同比 | 12.0% | 21.4% |
| 净利润同比 | 4.3% | 4679.1% |
| 每股收益（稀释后） | $4.60 | $2.62 |
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ADBEAMSC
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $74.5M | ||
| Q3 25 | $6.0B | $65.9M | ||
| Q2 25 | $5.9B | $72.4M | ||
| Q1 25 | $5.7B | $66.7M | ||
| Q4 24 | $5.6B | $61.4M | ||
| Q3 24 | $5.4B | $54.5M | ||
| Q2 24 | $5.3B | $40.3M |
净利润ADBEAMSC
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $117.8M | ||
| Q3 25 | $1.8B | $4.8M | ||
| Q2 25 | $1.7B | $6.7M | ||
| Q1 25 | $1.8B | $1.2M | ||
| Q4 24 | $1.7B | $2.5M | ||
| Q3 24 | $1.7B | $4.9M | ||
| Q2 24 | $1.6B | $-2.5M |
毛利率ADBEAMSC
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 30.7% | ||
| Q3 25 | 89.3% | 31.0% | ||
| Q2 25 | 89.1% | 33.8% | ||
| Q1 25 | 89.1% | 26.5% | ||
| Q4 24 | 89.0% | 26.6% | ||
| Q3 24 | 89.8% | 28.7% | ||
| Q2 24 | 88.7% | 30.3% |
营业利润率ADBEAMSC
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 4.5% | ||
| Q3 25 | 36.3% | 4.5% | ||
| Q2 25 | 35.9% | 7.8% | ||
| Q1 25 | 37.9% | 2.5% | ||
| Q4 24 | 34.9% | 2.1% | ||
| Q3 24 | 36.8% | -1.4% | ||
| Q2 24 | 35.5% | -8.2% |
净利率ADBEAMSC
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 158.1% | ||
| Q3 25 | 29.6% | 7.2% | ||
| Q2 25 | 28.8% | 9.3% | ||
| Q1 25 | 31.7% | 1.8% | ||
| Q4 24 | 30.0% | 4.0% | ||
| Q3 24 | 31.1% | 9.0% | ||
| Q2 24 | 29.6% | -6.3% |
每股收益（稀释后）ADBEAMSC
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $2.62 | ||
| Q3 25 | $4.18 | $0.11 | ||
| Q2 25 | $3.94 | $0.17 | ||
| Q1 25 | $4.14 | $0.04 | ||
| Q4 24 | $3.75 | $0.06 | ||
| Q3 24 | $3.76 | $0.13 | ||
| Q2 24 | $3.49 | $-0.07 |
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 | $141.1M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $536.8M |
| 总资产 | $29.7B | $719.5M |
| 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ADBEAMSC
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $141.1M | ||
| Q3 25 | $5.9B | $212.9M | ||
| Q2 25 | $5.7B | $207.9M | ||
| Q1 25 | $7.4B | $79.5M | ||
| Q4 24 | $7.9B | $75.2M | ||
| Q3 24 | $7.5B | $72.1M | ||
| Q2 24 | $8.1B | $93.5M |
总债务ADBEAMSC
| 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ADBEAMSC
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $536.8M | ||
| Q3 25 | $11.8B | $342.2M | ||
| Q2 25 | $11.4B | $333.1M | ||
| Q1 25 | $13.1B | $197.1M | ||
| Q4 24 | $14.1B | $192.7M | ||
| Q3 24 | $14.5B | $187.0M | ||
| Q2 24 | $14.8B | $143.3M |
总资产ADBEAMSC
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $719.5M | ||
| Q3 25 | $28.8B | $445.6M | ||
| Q2 25 | $28.1B | $452.8M | ||
| Q1 25 | $30.0B | $310.5M | ||
| Q4 24 | $30.2B | $310.3M | ||
| Q3 24 | $29.8B | $298.4M | ||
| Q2 24 | $30.0B | $240.1M |
负债/权益比ADBEAMSC
| 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 | $2.4M |
| 自由现金流率自由现金流/营收 | 45.7% | 3.2% |
| 资本支出强度资本支出/营收 | 0.6% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.57× | 0.03× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $16.0M |
8季度趋势，按日历期对齐
经营现金流ADBEAMSC
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $3.2M | ||
| Q3 25 | $2.2B | $6.5M | ||
| Q2 25 | $2.2B | $4.1M | ||
| Q1 25 | $2.5B | $6.3M | ||
| Q4 24 | — | $5.9M | ||
| Q3 24 | $2.0B | $12.7M | ||
| Q2 24 | $1.9B | $3.4M |
自由现金流ADBEAMSC
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $2.4M | ||
| Q3 25 | $2.1B | $5.1M | ||
| Q2 25 | $2.1B | $3.3M | ||
| Q1 25 | $2.5B | $5.3M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | $2.0B | $12.1M | ||
| Q2 24 | $1.9B | $3.1M |
自由现金流率ADBEAMSC
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 3.2% | ||
| Q3 25 | 35.5% | 7.7% | ||
| Q2 25 | 36.5% | 4.6% | ||
| Q1 25 | 43.0% | 7.9% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | 36.3% | 22.3% | ||
| Q2 24 | 35.8% | 7.8% |
资本支出强度ADBEAMSC
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 1.2% | ||
| Q3 25 | 1.2% | 2.1% | ||
| Q2 25 | 0.8% | 1.1% | ||
| Q1 25 | 0.5% | 1.6% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | 1.1% | 1.1% | ||
| Q2 24 | 0.8% | 0.7% |
现金转化率ADBEAMSC
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 0.03× | ||
| Q3 25 | 1.24× | 1.37× | ||
| Q2 25 | 1.30× | 0.61× | ||
| Q1 25 | 1.37× | 5.22× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | 1.20× | 2.60× | ||
| 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% |
AMSC
| Equipment And Systems | $56.0M | 75% |
| Megatran | $14.1M | 19% |
| Comtrafo Industria De Transformadores Eletricos SA | $4.6M | 6% |
