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奥多比（ADBE）与Bloom Energy Corp（BE）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Bloom Energy Corp的8.3倍（$6.4B vs $772.8M）。奥多比净利率更高（29.5% vs 0.2%，领先29.3%）。Bloom Energy Corp同比增速更快（36.3% vs 12.0%）。奥多比自由现金流更多（$2.9B vs $395.1M）。过去两年Bloom Energy Corp的营收复合增速更高（84.9% 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。
Bloom Energy Corp是一家能源技术企业，由印裔美国工程师、发明家、企业家KR·斯里达尔创立，他同时担任公司董事长兼首席执行官。斯里达尔此前曾任亚利桑那大学航空航天与机械工程教授、空间技术实验室主任，曾为NASA提供顾问服务，现为美国国家工程院院士。
ADBE vs BE — 直观对比
营收规模更大
ADBE
是对方的8.3倍
$772.8M
营收增速更快
BE
高出24.3%
12.0%
净利率更高
ADBE
高出29.3%
0.2%
自由现金流更多
ADBE
多$2.5B
$395.1M
两年增速更快
BE
近两年复合增速
9.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $772.8M |
| 净利润 | $1.9B | $1.4M |
| 毛利率 | 89.6% | 31.0% |
| 营业利润率 | 37.8% | 11.3% |
| 净利率 | 29.5% | 0.2% |
| 营收同比 | 12.0% | 36.3% |
| 净利润同比 | 4.3% | -98.6% |
| 每股收益（稀释后） | $4.60 | $99.91 |
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ADBEBE
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $772.8M | ||
| Q3 25 | $6.0B | $513.3M | ||
| Q2 25 | $5.9B | $396.3M | ||
| Q1 25 | $5.7B | $319.3M | ||
| Q4 24 | $5.6B | $567.0M | ||
| Q3 24 | $5.4B | $321.8M | ||
| Q2 24 | $5.3B | $326.5M |
净利润ADBEBE
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $1.4M | ||
| Q3 25 | $1.8B | $-23.0M | ||
| Q2 25 | $1.7B | $-42.2M | ||
| Q1 25 | $1.8B | $-23.4M | ||
| Q4 24 | $1.7B | $105.2M | ||
| Q3 24 | $1.7B | $-14.6M | ||
| Q2 24 | $1.6B | $-61.2M |
毛利率ADBEBE
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 31.0% | ||
| Q3 25 | 89.3% | 29.5% | ||
| Q2 25 | 89.1% | 27.0% | ||
| Q1 25 | 89.1% | 27.8% | ||
| Q4 24 | 89.0% | 38.7% | ||
| Q3 24 | 89.8% | 24.5% | ||
| Q2 24 | 88.7% | 21.0% |
营业利润率ADBEBE
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 11.3% | ||
| Q3 25 | 36.3% | 1.5% | ||
| Q2 25 | 35.9% | -0.9% | ||
| Q1 25 | 37.9% | -6.0% | ||
| Q4 24 | 34.9% | 18.5% | ||
| Q3 24 | 36.8% | -3.0% | ||
| Q2 24 | 35.5% | -7.1% |
净利率ADBEBE
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 0.2% | ||
| Q3 25 | 29.6% | -4.5% | ||
| Q2 25 | 28.8% | -10.6% | ||
| Q1 25 | 31.7% | -7.3% | ||
| Q4 24 | 30.0% | 18.5% | ||
| Q3 24 | 31.1% | -4.5% | ||
| Q2 24 | 29.6% | -18.7% |
每股收益（稀释后）ADBEBE
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $99.91 | ||
| Q3 25 | $4.18 | $-100.00 | ||
| Q2 25 | $3.94 | $-0.18 | ||
| Q1 25 | $4.14 | $-0.10 | ||
| Q4 24 | $3.75 | $0.45 | ||
| Q3 24 | $3.76 | $-0.06 | ||
| Q2 24 | $3.49 | $-0.27 |
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 | $2.5B |
| 总债务越低越好 | $5.4B | $2.6B |
| 股东权益账面价值 | $11.4B | $768.6M |
| 总资产 | $29.7B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.47× | 3.41× |
8季度趋势，按日历期对齐
现金及短期投资ADBEBE
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $2.5B | ||
| Q3 25 | $5.9B | $595.1M | ||
| Q2 25 | $5.7B | $574.8M | ||
| Q1 25 | $7.4B | $794.8M | ||
| Q4 24 | $7.9B | $802.9M | ||
| Q3 24 | $7.5B | $495.7M | ||
| Q2 24 | $8.1B | $581.7M |
总债务ADBEBE
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $2.6B | ||
| Q3 25 | $6.2B | $1.1B | ||
| Q2 25 | $6.2B | $1.1B | ||
| Q1 25 | $6.2B | $1.1B | ||
| Q4 24 | $4.1B | $1.1B | ||
| Q3 24 | $4.1B | $1.1B | ||
| Q2 24 | $4.1B | $1.1B |
股东权益ADBEBE
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $768.6M | ||
| Q3 25 | $11.8B | $653.1M | ||
| Q2 25 | $11.4B | $594.6M | ||
| Q1 25 | $13.1B | $578.3M | ||
| Q4 24 | $14.1B | $562.5M | ||
| Q3 24 | $14.5B | $430.9M | ||
| Q2 24 | $14.8B | $423.3M |
总资产ADBEBE
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $4.4B | ||
| Q3 25 | $28.8B | $2.6B | ||
| Q2 25 | $28.1B | $2.5B | ||
| Q1 25 | $30.0B | $2.6B | ||
| Q4 24 | $30.2B | $2.7B | ||
| Q3 24 | $29.8B | $2.6B | ||
| Q2 24 | $30.0B | $2.5B |
负债/权益比ADBEBE
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | 3.41× | ||
| Q3 25 | 0.53× | 1.73× | ||
| Q2 25 | 0.54× | 1.91× | ||
| Q1 25 | 0.47× | 1.96× | ||
| Q4 24 | 0.29× | 2.01× | ||
| Q3 24 | 0.28× | 2.62× | ||
| Q2 24 | 0.28× | 2.66× |
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 | $418.1M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $395.1M |
| 自由现金流率自由现金流/营收 | 45.7% | 51.1% |
| 资本支出强度资本支出/营收 | 0.6% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.57× | 293.18× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $57.2M |
8季度趋势，按日历期对齐
经营现金流ADBEBE
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $418.1M | ||
| Q3 25 | $2.2B | $19.7M | ||
| Q2 25 | $2.2B | $-213.1M | ||
| Q1 25 | $2.5B | $-110.7M | ||
| Q4 24 | — | $484.2M | ||
| Q3 24 | $2.0B | $-69.5M | ||
| Q2 24 | $1.9B | $-175.5M |
自由现金流ADBEBE
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $395.1M | ||
| Q3 25 | $2.1B | $7.4M | ||
| Q2 25 | $2.1B | $-220.4M | ||
| Q1 25 | $2.5B | $-124.9M | ||
| Q4 24 | — | $473.1M | ||
| Q3 24 | $2.0B | $-83.8M | ||
| Q2 24 | $1.9B | $-187.5M |
自由现金流率ADBEBE
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 51.1% | ||
| Q3 25 | 35.5% | 1.4% | ||
| Q2 25 | 36.5% | -55.6% | ||
| Q1 25 | 43.0% | -39.1% | ||
| Q4 24 | — | 83.4% | ||
| Q3 24 | 36.3% | -26.0% | ||
| Q2 24 | 35.8% | -57.4% |
资本支出强度ADBEBE
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 3.0% | ||
| Q3 25 | 1.2% | 2.4% | ||
| Q2 25 | 0.8% | 1.8% | ||
| Q1 25 | 0.5% | 4.5% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 1.1% | 4.4% | ||
| Q2 24 | 0.8% | 3.7% |
现金转化率ADBEBE
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 293.18× | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | — | 4.60× | ||
| 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% |
BE
| Products | $638.5M | 83% |
| Installation | $67.3M | 9% |
| Services | $61.7M | 8% |
| Electricity | $10.2M | 1% |
