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奥多比（ADBE）与Cellebrite DI Ltd.（CLBT）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Cellebrite DI Ltd.的21.9倍（$6.4B vs $292.2M）。奥多比净利率更高（29.5% vs -103.5%，领先133.0%）。奥多比自由现金流更多（$2.9B vs $60.8M）。过去两年Cellebrite DI Ltd.的营收复合增速更高（72.8% 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。
Cellebrite DI Ltd.是一家总部位于以色列佩塔提克瓦的数字取证企业，为执法机构、企业及服务供应商提供数字数据的采集、审阅、分析与管理工具，旗下核心产品系列为Cellebrite UFED。
ADBE vs CLBT — 直观对比
营收规模更大
ADBE
是对方的21.9倍
$292.2M
净利率更高
ADBE
高出133.0%
-103.5%
自由现金流更多
ADBE
多$2.9B
$60.8M
两年增速更快
CLBT
近两年复合增速
9.8%
损益表 — Q1 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $292.2M |
| 净利润 | $1.9B | $-302.3M |
| 毛利率 | 89.6% | 84.6% |
| 营业利润率 | 37.8% | 14.1% |
| 净利率 | 29.5% | -103.5% |
| 营收同比 | 12.0% | — |
| 净利润同比 | 4.3% | — |
| 每股收益（稀释后） | $4.60 | $-1.50 |
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ADBECLBT
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.0B | $292.2M | ||
| Q2 25 | $5.9B | $220.8M | ||
| Q1 25 | $5.7B | $89.6M | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $5.4B | $232.1M | ||
| Q2 24 | $5.3B | $185.3M |
净利润ADBECLBT
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $-302.3M | ||
| Q2 25 | $1.7B | $36.9M | ||
| Q1 25 | $1.8B | $-71.4M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.6B | $-95.2M |
毛利率ADBECLBT
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | — | ||
| Q3 25 | 89.3% | 84.6% | ||
| Q2 25 | 89.1% | 84.1% | ||
| Q1 25 | 89.1% | 85.2% | ||
| Q4 24 | 89.0% | — | ||
| Q3 24 | 89.8% | 83.5% | ||
| Q2 24 | 88.7% | 84.1% |
营业利润率ADBECLBT
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | — | ||
| Q3 25 | 36.3% | 14.1% | ||
| Q2 25 | 35.9% | 12.1% | ||
| Q1 25 | 37.9% | 10.3% | ||
| Q4 24 | 34.9% | — | ||
| Q3 24 | 36.8% | 7.9% | ||
| Q2 24 | 35.5% | 11.7% |
净利率ADBECLBT
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | — | ||
| Q3 25 | 29.6% | -103.5% | ||
| Q2 25 | 28.8% | 16.7% | ||
| Q1 25 | 31.7% | -79.7% | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 31.1% | — | ||
| Q2 24 | 29.6% | -51.4% |
每股收益（稀释后）ADBECLBT
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | — | ||
| Q3 25 | $4.18 | $-1.50 | ||
| Q2 25 | $3.94 | $0.15 | ||
| Q1 25 | $4.14 | $-0.36 | ||
| Q4 24 | $3.75 | — | ||
| Q3 24 | $3.76 | $-0.35 | ||
| Q2 24 | $3.49 | $-0.48 |
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 | $191.7M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $336.0M |
| 总资产 | $29.7B | $690.6M |
| 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ADBECLBT
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $5.9B | $191.7M | ||
| Q2 25 | $5.7B | $326.1M | ||
| Q1 25 | $7.4B | $191.7M | ||
| Q4 24 | $7.9B | — | ||
| Q3 24 | $7.5B | $189.5M | ||
| Q2 24 | $8.1B | $178.6M |
总债务ADBECLBT
| 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ADBECLBT
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | — | ||
| Q3 25 | $11.8B | $336.0M | ||
| Q2 25 | $11.4B | $408.4M | ||
| Q1 25 | $13.1B | $336.0M | ||
| Q4 24 | $14.1B | — | ||
| Q3 24 | $14.5B | $34.2M | ||
| Q2 24 | $14.8B | $-40.2M |
总资产ADBECLBT
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | — | ||
| Q3 25 | $28.8B | $690.6M | ||
| Q2 25 | $28.1B | $787.4M | ||
| Q1 25 | $30.0B | $690.6M | ||
| Q4 24 | $30.2B | — | ||
| Q3 24 | $29.8B | $532.9M | ||
| Q2 24 | $30.0B | $556.6M |
负债/权益比ADBECLBT
| 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 | $66.2M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $60.8M |
| 自由现金流率自由现金流/营收 | 45.7% | 20.8% |
| 资本支出强度资本支出/营收 | 0.6% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.57× | — |
| 过去12个月自由现金流最近4个季度 | $10.3B | $172.1M |
8季度趋势，按日历期对齐
经营现金流ADBECLBT
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $2.2B | $66.2M | ||
| Q2 25 | $2.2B | $53.5M | ||
| Q1 25 | $2.5B | $10.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.0B | $58.2M | ||
| Q2 24 | $1.9B | $24.6M |
自由现金流ADBECLBT
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $2.1B | $60.8M | ||
| Q2 25 | $2.1B | $47.5M | ||
| Q1 25 | $2.5B | $8.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.0B | $55.3M | ||
| Q2 24 | $1.9B | $21.0M |
自由现金流率ADBECLBT
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | — | ||
| Q3 25 | 35.5% | 20.8% | ||
| Q2 25 | 36.5% | 21.5% | ||
| Q1 25 | 43.0% | 9.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.3% | 23.8% | ||
| Q2 24 | 35.8% | 11.3% |
资本支出强度ADBECLBT
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 1.2% | 1.8% | ||
| Q2 25 | 0.8% | 2.7% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.1% | 1.3% | ||
| Q2 24 | 0.8% | 1.9% |
现金转化率ADBECLBT
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.30× | 1.45× | ||
| 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% |
CLBT
| Subscription services | $197.2M | 67% |
| Term-license | $60.8M | 21% |
| Professional services | $23.2M | 8% |
| Other non-recurring | $11.0M | 4% |
