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奥多比（ADBE）与CHECK POINT SOFTWARE TECHNOLOGIES LTD（CHKP）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CHECK POINT SOFTWARE TECHNOLOGIES LTD的3.2倍（$6.4B vs $2.0B）。CHECK POINT SOFTWARE TECHNOLOGIES LTD净利率更高（38.0% vs 29.5%，领先8.5%）。奥多比自由现金流更多（$2.9B vs $895.5M）
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。
Check Point软件技术有限公司是以色列知名网络安全企业，业务覆盖全球60余个国家，总部位于以色列特拉维夫，在美国加利福尼亚州红木城设有重要运营据点。公司为全球超过10万家机构提供安全防护，旗下拥有专业安全研究团队，同时是世界经济论坛的合作伙伴。
ADBE vs CHKP — 直观对比
营收规模更大
ADBE
是对方的3.2倍
$2.0B
净利率更高
CHKP
高出8.5%
29.5%
自由现金流更多
ADBE
多$2.0B
$895.5M
损益表 — Q1 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $2.0B |
| 净利润 | $1.9B | $752.4M |
| 毛利率 | 89.6% | 86.7% |
| 营业利润率 | 37.8% | 30.2% |
| 净利率 | 29.5% | 38.0% |
| 营收同比 | 12.0% | — |
| 净利润同比 | 4.3% | — |
| 每股收益（稀释后） | $4.60 | $6.81 |
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ADBECHKP
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.0B | $2.0B | ||
| Q2 25 | $5.9B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.3B | — |
净利润ADBECHKP
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $752.4M | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.6B | — |
毛利率ADBECHKP
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | — | ||
| Q3 25 | 89.3% | 86.7% | ||
| Q2 25 | 89.1% | — | ||
| Q1 25 | 89.1% | — | ||
| Q4 24 | 89.0% | — | ||
| Q3 24 | 89.8% | — | ||
| Q2 24 | 88.7% | — |
营业利润率ADBECHKP
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | — | ||
| Q3 25 | 36.3% | 30.2% | ||
| Q2 25 | 35.9% | — | ||
| Q1 25 | 37.9% | — | ||
| Q4 24 | 34.9% | — | ||
| Q3 24 | 36.8% | — | ||
| Q2 24 | 35.5% | — |
净利率ADBECHKP
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | — | ||
| Q3 25 | 29.6% | 38.0% | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 31.7% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 31.1% | — | ||
| Q2 24 | 29.6% | — |
每股收益（稀释后）ADBECHKP
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | — | ||
| Q3 25 | $4.18 | $6.81 | ||
| Q2 25 | $3.94 | — | ||
| Q1 25 | $4.14 | — | ||
| Q4 24 | $3.75 | — | ||
| Q3 24 | $3.76 | — | ||
| Q2 24 | $3.49 | — |
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 | $619.9M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $3.1B |
| 总资产 | $29.7B | $5.7B |
| 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ADBECHKP
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $5.9B | $619.9M | ||
| Q2 25 | $5.7B | — | ||
| Q1 25 | $7.4B | — | ||
| Q4 24 | $7.9B | — | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $8.1B | — |
总债务ADBECHKP
| 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ADBECHKP
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | — | ||
| Q3 25 | $11.8B | $3.1B | ||
| Q2 25 | $11.4B | — | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $14.1B | — | ||
| Q3 24 | $14.5B | — | ||
| Q2 24 | $14.8B | — |
总资产ADBECHKP
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | — | ||
| Q3 25 | $28.8B | $5.7B | ||
| Q2 25 | $28.1B | — | ||
| Q1 25 | $30.0B | — | ||
| Q4 24 | $30.2B | — | ||
| Q3 24 | $29.8B | — | ||
| Q2 24 | $30.0B | — |
负债/权益比ADBECHKP
| 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 | $914.9M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $895.5M |
| 自由现金流率自由现金流/营收 | 45.7% | 45.2% |
| 资本支出强度资本支出/营收 | 0.6% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.57× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $10.3B | — |
8季度趋势，按日历期对齐
经营现金流ADBECHKP
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $2.2B | $914.9M | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
自由现金流ADBECHKP
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $2.1B | $895.5M | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
自由现金流率ADBECHKP
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | — | ||
| Q3 25 | 35.5% | 45.2% | ||
| Q2 25 | 36.5% | — | ||
| Q1 25 | 43.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.3% | — | ||
| Q2 24 | 35.8% | — |
资本支出强度ADBECHKP
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 1.2% | 1.0% | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 0.8% | — |
现金转化率ADBECHKP
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 1.24× | 1.22× | ||
| 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% |
CHKP
| Security subscriptions | $812.0M | 41% |
| Software updates and maintenance | $712.0M | 36% |
| Products and licenses | $337.3M | 17% |
| Other | $119.2M | 6% |
