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奥多比（ADBE）与Builders FirstSource（BLDR）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Builders FirstSource的1.9倍（$6.4B vs $3.4B），奥多比净利率更高（29.5% vs 0.9%，领先28.6%），奥多比同比增速更快（12.0% vs -12.1%），奥多比自由现金流更多（$2.9B vs $106.7M），过去两年奥多比的营收复合增速更高（9.8% vs -7.1%）
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。
Builders FirstSource是财富500强企业，成立于1998年3月，总部位于美国得克萨斯州欧文，是美国规模最大的建筑产品、预制构件及增值服务供应商，同时生产制造建筑材料。公司在全美拥有超1.5万名员工，服务于新建住宅施工、维修及翻新领域的专业客户。
ADBE vs BLDR — 直观对比
营收规模更大
ADBE
是对方的1.9倍
$3.4B
营收增速更快
ADBE
高出24.1%
-12.1%
净利率更高
ADBE
高出28.6%
0.9%
自由现金流更多
ADBE
多$2.8B
$106.7M
两年增速更快
ADBE
近两年复合增速
-7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $3.4B |
| 净利润 | $1.9B | $31.5M |
| 毛利率 | 89.6% | 29.8% |
| 营业利润率 | 37.8% | 1.8% |
| 净利率 | 29.5% | 0.9% |
| 营收同比 | 12.0% | -12.1% |
| 净利润同比 | 4.3% | -83.5% |
| 每股收益（稀释后） | $4.60 | $0.29 |
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ADBEBLDR
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $3.4B | ||
| Q3 25 | $6.0B | $3.9B | ||
| Q2 25 | $5.9B | $4.2B | ||
| Q1 25 | $5.7B | $3.7B | ||
| Q4 24 | $5.6B | $3.8B | ||
| Q3 24 | $5.4B | $4.2B | ||
| Q2 24 | $5.3B | $4.5B |
净利润ADBEBLDR
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $31.5M | ||
| Q3 25 | $1.8B | $122.4M | ||
| Q2 25 | $1.7B | $185.0M | ||
| Q1 25 | $1.8B | $96.3M | ||
| Q4 24 | $1.7B | $190.2M | ||
| Q3 24 | $1.7B | $284.8M | ||
| Q2 24 | $1.6B | $344.1M |
毛利率ADBEBLDR
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 29.8% | ||
| Q3 25 | 89.3% | 30.4% | ||
| Q2 25 | 89.1% | 30.7% | ||
| Q1 25 | 89.1% | 30.5% | ||
| Q4 24 | 89.0% | 32.3% | ||
| Q3 24 | 89.8% | 32.8% | ||
| Q2 24 | 88.7% | 32.8% |
营业利润率ADBEBLDR
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 1.8% | ||
| Q3 25 | 36.3% | 5.8% | ||
| Q2 25 | 35.9% | 7.4% | ||
| Q1 25 | 37.9% | 5.0% | ||
| Q4 24 | 34.9% | 8.0% | ||
| Q3 24 | 36.8% | 10.1% | ||
| Q2 24 | 35.5% | 11.0% |
净利率ADBEBLDR
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 0.9% | ||
| Q3 25 | 29.6% | 3.1% | ||
| Q2 25 | 28.8% | 4.4% | ||
| Q1 25 | 31.7% | 2.6% | ||
| Q4 24 | 30.0% | 5.0% | ||
| Q3 24 | 31.1% | 6.7% | ||
| Q2 24 | 29.6% | 7.7% |
每股收益（稀释后）ADBEBLDR
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $0.29 | ||
| Q3 25 | $4.18 | $1.10 | ||
| Q2 25 | $3.94 | $1.66 | ||
| Q1 25 | $4.14 | $0.84 | ||
| Q4 24 | $3.75 | $1.65 | ||
| Q3 24 | $3.76 | $2.44 | ||
| Q2 24 | $3.49 | $2.87 |
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 | $181.8M |
| 总债务越低越好 | $5.4B | $4.4B |
| 股东权益账面价值 | $11.4B | $4.4B |
| 总资产 | $29.7B | $11.2B |
| 负债/权益比越低杠杆越低 | 0.47× | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资ADBEBLDR
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $181.8M | ||
| Q3 25 | $5.9B | $296.2M | ||
| Q2 25 | $5.7B | $87.0M | ||
| Q1 25 | $7.4B | $115.4M | ||
| Q4 24 | $7.9B | $153.6M | ||
| Q3 24 | $7.5B | $328.1M | ||
| Q2 24 | $8.1B | $75.6M |
总债务ADBEBLDR
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $4.4B | ||
| Q3 25 | $6.2B | $4.4B | ||
| Q2 25 | $6.2B | $4.7B | ||
| Q1 25 | $6.2B | $4.5B | ||
| Q4 24 | $4.1B | $3.7B | ||
| Q3 24 | $4.1B | $3.7B | ||
| Q2 24 | $4.1B | $3.8B |
股东权益ADBEBLDR
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $4.4B | ||
| Q3 25 | $11.8B | $4.3B | ||
| Q2 25 | $11.4B | $4.2B | ||
| Q1 25 | $13.1B | $4.4B | ||
| Q4 24 | $14.1B | $4.3B | ||
| Q3 24 | $14.5B | $4.4B | ||
| Q2 24 | $14.8B | $4.3B |
总资产ADBEBLDR
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $11.2B | ||
| Q3 25 | $28.8B | $11.4B | ||
| Q2 25 | $28.1B | $11.5B | ||
| Q1 25 | $30.0B | $11.4B | ||
| Q4 24 | $30.2B | $10.6B | ||
| Q3 24 | $29.8B | $10.9B | ||
| Q2 24 | $30.0B | $10.7B |
负债/权益比ADBEBLDR
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | 1.02× | ||
| Q3 25 | 0.53× | 1.03× | ||
| Q2 25 | 0.54× | 1.12× | ||
| Q1 25 | 0.47× | 1.02× | ||
| Q4 24 | 0.29× | 0.86× | ||
| Q3 24 | 0.28× | 0.83× | ||
| Q2 24 | 0.28× | 0.88× |
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 | $194.8M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $106.7M |
| 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% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.57× | 6.19× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $853.3M |
8季度趋势，按日历期对齐
经营现金流ADBEBLDR
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $194.8M | ||
| Q3 25 | $2.2B | $547.7M | ||
| Q2 25 | $2.2B | $341.0M | ||
| Q1 25 | $2.5B | $132.3M | ||
| Q4 24 | — | $373.5M | ||
| Q3 24 | $2.0B | $730.0M | ||
| Q2 24 | $1.9B | $452.1M |
自由现金流ADBEBLDR
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $106.7M | ||
| Q3 25 | $2.1B | $461.9M | ||
| Q2 25 | $2.1B | $252.3M | ||
| Q1 25 | $2.5B | $32.4M | ||
| Q4 24 | — | $273.8M | ||
| Q3 24 | $2.0B | $630.4M | ||
| Q2 24 | $1.9B | $364.0M |
自由现金流率ADBEBLDR
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 3.2% | ||
| Q3 25 | 35.5% | 11.7% | ||
| Q2 25 | 36.5% | 6.0% | ||
| Q1 25 | 43.0% | 0.9% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | 36.3% | 14.9% | ||
| Q2 24 | 35.8% | 8.2% |
资本支出强度ADBEBLDR
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 2.6% | ||
| Q3 25 | 1.2% | 2.2% | ||
| Q2 25 | 0.8% | 2.1% | ||
| Q1 25 | 0.5% | 2.7% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 1.1% | 2.4% | ||
| Q2 24 | 0.8% | 2.0% |
现金转化率ADBEBLDR
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 6.19× | ||
| Q3 25 | 1.24× | 4.48× | ||
| Q2 25 | 1.30× | 1.84× | ||
| Q1 25 | 1.37× | 1.37× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | 1.20× | 2.56× | ||
| Q2 24 | 1.23× | 1.31× |
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% |
BLDR
| Specialty Building Products And Services | $949.0M | 28% |
| Windows Doors And Millwork | $893.5M | 27% |
| Lumber And Lumber Sheet Goods | $772.6M | 23% |
| Manufactured Products | $742.8M | 22% |
