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奥多比（ADBE）与安富利（AVT）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安富利的1.0倍（$6.4B vs $6.3B），奥多比净利率更高（29.5% vs 1.0%，领先28.5%），奥多比同比增速更快（12.0% vs 11.6%），奥多比自由现金流更多（$2.9B vs $192.9M），过去两年奥多比的营收复合增速更高（9.8% vs 5.7%）
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。
安富利是全球知名的电子元器件分销商，总部位于美国亚利桑那州凤凰城，由查尔斯·安富利于1921年创立，最初起步于曼哈顿无线电街。1955年公司正式注册成立，1961年在纽约证券交易所上市，2018年5月8日转至纳斯达克挂牌交易，股票代码仍为AVT。
ADBE vs AVT — 直观对比
营收规模更大
ADBE
是对方的1.0倍
$6.3B
营收增速更快
ADBE
高出0.4%
11.6%
净利率更高
ADBE
高出28.5%
1.0%
自由现金流更多
ADBE
多$2.7B
$192.9M
两年增速更快
ADBE
近两年复合增速
5.7%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $6.3B |
| 净利润 | $1.9B | $61.7M |
| 毛利率 | 89.6% | 10.5% |
| 营业利润率 | 37.8% | 2.3% |
| 净利率 | 29.5% | 1.0% |
| 营收同比 | 12.0% | 11.6% |
| 净利润同比 | 4.3% | -29.2% |
| 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ADBEAVT
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $6.3B | ||
| Q3 25 | $6.0B | $5.9B | ||
| Q2 25 | $5.9B | $5.6B | ||
| Q1 25 | $5.7B | $5.3B | ||
| Q4 24 | $5.6B | $5.7B | ||
| Q3 24 | $5.4B | $5.6B | ||
| Q2 24 | $5.3B | $5.6B |
净利润ADBEAVT
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $61.7M | ||
| Q3 25 | $1.8B | $51.7M | ||
| Q2 25 | $1.7B | $6.1M | ||
| Q1 25 | $1.8B | $87.9M | ||
| Q4 24 | $1.7B | $87.3M | ||
| Q3 24 | $1.7B | $59.0M | ||
| Q2 24 | $1.6B | $82.7M |
毛利率ADBEAVT
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 10.5% | ||
| Q3 25 | 89.3% | 10.4% | ||
| Q2 25 | 89.1% | 10.6% | ||
| Q1 25 | 89.1% | 11.1% | ||
| Q4 24 | 89.0% | 10.5% | ||
| Q3 24 | 89.8% | 10.8% | ||
| Q2 24 | 88.7% | 11.6% |
营业利润率ADBEAVT
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 2.3% | ||
| Q3 25 | 36.3% | 2.4% | ||
| Q2 25 | 35.9% | 1.3% | ||
| Q1 25 | 37.9% | 2.7% | ||
| Q4 24 | 34.9% | 2.7% | ||
| Q3 24 | 36.8% | 2.5% | ||
| Q2 24 | 35.5% | 3.0% |
净利率ADBEAVT
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 1.0% | ||
| Q3 25 | 29.6% | 0.9% | ||
| Q2 25 | 28.8% | 0.1% | ||
| Q1 25 | 31.7% | 1.7% | ||
| Q4 24 | 30.0% | 1.5% | ||
| Q3 24 | 31.1% | 1.1% | ||
| Q2 24 | 29.6% | 1.5% |
每股收益（稀释后）ADBEAVT
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $0.75 | ||
| Q3 25 | $4.18 | $0.61 | ||
| Q2 25 | $3.94 | $0.09 | ||
| Q1 25 | $4.14 | $1.01 | ||
| Q4 24 | $3.75 | $0.99 | ||
| Q3 24 | $3.76 | $0.66 | ||
| Q2 24 | $3.49 | $0.93 |
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 | $286.5M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $4.9B |
| 总资产 | $29.7B | $13.2B |
| 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ADBEAVT
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $286.5M | ||
| Q3 25 | $5.9B | $175.5M | ||
| Q2 25 | $5.7B | $192.4M | ||
| Q1 25 | $7.4B | $188.9M | ||
| Q4 24 | $7.9B | $172.1M | ||
| Q3 24 | $7.5B | $267.5M | ||
| Q2 24 | $8.1B | $310.9M |
总债务ADBEAVT
| 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ADBEAVT
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $4.9B | ||
| Q3 25 | $11.8B | $4.8B | ||
| Q2 25 | $11.4B | $5.0B | ||
| Q1 25 | $13.1B | $4.9B | ||
| Q4 24 | $14.1B | $4.8B | ||
| Q3 24 | $14.5B | $5.0B | ||
| Q2 24 | $14.8B | $4.9B |
总资产ADBEAVT
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $13.2B | ||
| Q3 25 | $28.8B | $12.4B | ||
| Q2 25 | $28.1B | $12.1B | ||
| Q1 25 | $30.0B | $11.7B | ||
| Q4 24 | $30.2B | $11.9B | ||
| Q3 24 | $29.8B | $12.6B | ||
| Q2 24 | $30.0B | $12.2B |
负债/权益比ADBEAVT
| 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 | $208.2M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $192.9M |
| 自由现金流率自由现金流/营收 | 45.7% | 3.1% |
| 资本支出强度资本支出/营收 | 0.6% | 0.2% |
| 现金转化率经营现金流/净利润 | 1.57× | 3.37× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $217.7M |
8季度趋势，按日历期对齐
经营现金流ADBEAVT
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $208.2M | ||
| Q3 25 | $2.2B | $-144.6M | ||
| Q2 25 | $2.2B | $139.5M | ||
| Q1 25 | $2.5B | $140.9M | ||
| Q4 24 | — | $337.8M | ||
| Q3 24 | $2.0B | $106.3M | ||
| Q2 24 | $1.9B | $274.3M |
自由现金流ADBEAVT
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $192.9M | ||
| Q3 25 | $2.1B | $-169.2M | ||
| Q2 25 | $2.1B | $79.9M | ||
| Q1 25 | $2.5B | $114.1M | ||
| Q4 24 | — | $308.5M | ||
| Q3 24 | $2.0B | $74.5M | ||
| Q2 24 | $1.9B | $248.0M |
自由现金流率ADBEAVT
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 3.1% | ||
| Q3 25 | 35.5% | -2.9% | ||
| Q2 25 | 36.5% | 1.4% | ||
| Q1 25 | 43.0% | 2.1% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | 36.3% | 1.3% | ||
| Q2 24 | 35.8% | 4.5% |
资本支出强度ADBEAVT
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 0.2% | ||
| Q3 25 | 1.2% | 0.4% | ||
| Q2 25 | 0.8% | 1.1% | ||
| Q1 25 | 0.5% | 0.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 1.1% | 0.6% | ||
| Q2 24 | 0.8% | 0.5% |
现金转化率ADBEAVT
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 3.37× | ||
| Q3 25 | 1.24× | -2.79× | ||
| Q2 25 | 1.30× | 22.91× | ||
| Q1 25 | 1.37× | 1.60× | ||
| Q4 24 | — | 3.87× | ||
| Q3 24 | 1.20× | 1.80× | ||
| Q2 24 | 1.23× | 3.32× |
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% |
AVT
| Electronic Components | $5.9B | 93% |
| Premier Farnell | $427.1M | 7% |
