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奥多比（ADBE）与GRAFTECH INTERNATIONAL LTD（EAF）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GRAFTECH INTERNATIONAL LTD的54.9倍（$6.4B vs $116.5M）。奥多比净利率更高（29.5% vs -55.9%，领先85.4%）。奥多比同比增速更快（12.0% vs -13.2%）。奥多比自由现金流更多（$2.9B vs $-39.3M）。过去两年奥多比的营收复合增速更高（9.8% vs -7.7%）
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。
格瑞泰克国际有限公司是石墨电极与石油焦生产商，其产品是电弧炉炼钢及其他金属生产的核心原材料。公司总部位于俄亥俄州布鲁克林海茨，在法国加来、西班牙潘普洛纳、墨西哥蒙特雷以及美国宾夕法尼亚州圣玛丽斯均设有生产基地。
ADBE vs EAF — 直观对比
营收规模更大
ADBE
是对方的54.9倍
$116.5M
营收增速更快
ADBE
高出25.2%
-13.2%
净利率更高
ADBE
高出85.4%
-55.9%
自由现金流更多
ADBE
多$3.0B
$-39.3M
两年增速更快
ADBE
近两年复合增速
-7.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $116.5M |
| 净利润 | $1.9B | $-65.1M |
| 毛利率 | 89.6% | -20.9% |
| 营业利润率 | 37.8% | -33.6% |
| 净利率 | 29.5% | -55.9% |
| 营收同比 | 12.0% | -13.2% |
| 净利润同比 | 4.3% | -31.6% |
| 每股收益（稀释后） | $4.60 | $-6.86 |
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ADBEEAF
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $116.5M | ||
| Q3 25 | $6.0B | $144.0M | ||
| Q2 25 | $5.9B | $131.8M | ||
| Q1 25 | $5.7B | $111.8M | ||
| Q4 24 | $5.6B | $134.2M | ||
| Q3 24 | $5.4B | $130.7M | ||
| Q2 24 | $5.3B | $137.3M |
净利润ADBEEAF
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $-65.1M | ||
| Q3 25 | $1.8B | $-28.5M | ||
| Q2 25 | $1.7B | $-86.9M | ||
| Q1 25 | $1.8B | $-39.4M | ||
| Q4 24 | $1.7B | $-49.5M | ||
| Q3 24 | $1.7B | $-36.1M | ||
| Q2 24 | $1.6B | $-14.8M |
毛利率ADBEEAF
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | -20.9% | ||
| Q3 25 | 89.3% | 7.2% | ||
| Q2 25 | 89.1% | 0.0% | ||
| Q1 25 | 89.1% | -1.5% | ||
| Q4 24 | 89.0% | -7.8% | ||
| Q3 24 | 89.8% | -9.2% | ||
| Q2 24 | 88.7% | 2.9% |
营业利润率ADBEEAF
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | -33.6% | ||
| Q3 25 | 36.3% | -3.6% | ||
| Q2 25 | 35.9% | -11.0% | ||
| Q1 25 | 37.9% | -16.3% | ||
| Q4 24 | 34.9% | -18.6% | ||
| Q3 24 | 36.8% | -20.1% | ||
| Q2 24 | 35.5% | -2.0% |
净利率ADBEEAF
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | -55.9% | ||
| Q3 25 | 29.6% | -19.8% | ||
| Q2 25 | 28.8% | -65.9% | ||
| Q1 25 | 31.7% | -35.2% | ||
| Q4 24 | 30.0% | -36.9% | ||
| Q3 24 | 31.1% | -27.6% | ||
| Q2 24 | 29.6% | -10.7% |
每股收益（稀释后）ADBEEAF
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $-6.86 | ||
| Q3 25 | $4.18 | $-1.10 | ||
| Q2 25 | $3.94 | $-0.34 | ||
| Q1 25 | $4.14 | $-0.15 | ||
| Q4 24 | $3.75 | $-3.51 | ||
| Q3 24 | $3.76 | $-1.40 | ||
| Q2 24 | $3.49 | $-0.06 |
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 | — |
| 总债务越低越好 | $5.4B | $1.1B |
| 股东权益账面价值 | $11.4B | $-259.6M |
| 总资产 | $29.7B | $1.0B |
| 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ADBEEAF
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $5.7B | — | ||
| Q1 25 | $7.4B | — | ||
| Q4 24 | $7.9B | — | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $8.1B | $120.7M |
总债务ADBEEAF
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $1.1B | ||
| 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 | $929.5M | ||
| Q2 24 | $4.1B | $928.2M |
股东权益ADBEEAF
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $-259.6M | ||
| Q3 25 | $11.8B | $-194.4M | ||
| Q2 25 | $11.4B | $-168.4M | ||
| Q1 25 | $13.1B | $-105.3M | ||
| Q4 24 | $14.1B | $-78.9M | ||
| Q3 24 | $14.5B | $-9.0M | ||
| Q2 24 | $14.8B | $16.2M |
总资产ADBEEAF
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $1.0B | ||
| Q3 25 | $28.8B | $1.1B | ||
| Q2 25 | $28.1B | $1.1B | ||
| Q1 25 | $30.0B | $1.2B | ||
| Q4 24 | $30.2B | $1.2B | ||
| Q3 24 | $29.8B | $1.1B | ||
| Q2 24 | $30.0B | $1.2B |
负债/权益比ADBEEAF
| 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× | 57.16× |
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 | $-20.9M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $-39.3M |
| 自由现金流率自由现金流/营收 | 45.7% | -33.7% |
| 资本支出强度资本支出/营收 | 0.6% | 15.8% |
| 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 | $-120.5M |
8季度趋势，按日历期对齐
经营现金流ADBEEAF
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $-20.9M | ||
| Q3 25 | $2.2B | $24.7M | ||
| Q2 25 | $2.2B | $-53.2M | ||
| Q1 25 | $2.5B | $-32.2M | ||
| Q4 24 | — | $-26.4M | ||
| Q3 24 | $2.0B | $23.7M | ||
| Q2 24 | $1.9B | $-36.9M |
自由现金流ADBEEAF
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $-39.3M | ||
| Q3 25 | $2.1B | $18.4M | ||
| Q2 25 | $2.1B | $-57.1M | ||
| Q1 25 | $2.5B | $-42.5M | ||
| Q4 24 | — | $-39.2M | ||
| Q3 24 | $2.0B | $19.7M | ||
| Q2 24 | $1.9B | $-43.8M |
自由现金流率ADBEEAF
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | -33.7% | ||
| Q3 25 | 35.5% | 12.8% | ||
| Q2 25 | 36.5% | -43.3% | ||
| Q1 25 | 43.0% | -38.0% | ||
| Q4 24 | — | -29.2% | ||
| Q3 24 | 36.3% | 15.1% | ||
| Q2 24 | 35.8% | -31.9% |
资本支出强度ADBEEAF
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 15.8% | ||
| Q3 25 | 1.2% | 4.4% | ||
| Q2 25 | 0.8% | 3.0% | ||
| Q1 25 | 0.5% | 9.2% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | 1.1% | 3.1% | ||
| Q2 24 | 0.8% | 5.1% |
现金转化率ADBEEAF
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 1.24× | — | ||
| 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% |
EAF
| Graphite Electrodes | $107.0M | 92% |
| By Products And Other | $9.4M | 8% |
