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奥多比（ADBE）与康宁（GLW）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康宁的1.5倍（$6.4B vs $4.2B）。奥多比净利率更高（29.5% vs 12.8%，领先16.7%）。康宁同比增速更快（20.4% vs 12.0%）。奥多比自由现金流更多（$2.9B vs $620.0M）。过去两年康宁的营收复合增速更高（19.0% 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。
康宁是1851年成立的美国跨国科技企业，主营玻璃、陶瓷及相关材料技术，产品线涵盖先进光学产品，主要应用于工业与科研领域。20世纪曾推出多款知名消费产品，包括康宁锅、Corelle餐具、Pyrex烘焙玻璃器皿等，广受市场欢迎。
ADBE vs GLW — 直观对比
营收规模更大
ADBE
是对方的1.5倍
$4.2B
营收增速更快
GLW
高出8.4%
12.0%
净利率更高
ADBE
高出16.7%
12.8%
自由现金流更多
ADBE
多$2.3B
$620.0M
两年增速更快
GLW
近两年复合增速
9.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $4.2B |
| 净利润 | $1.9B | $540.0M |
| 毛利率 | 89.6% | 35.5% |
| 营业利润率 | 37.8% | 15.9% |
| 净利率 | 29.5% | 12.8% |
| 营收同比 | 12.0% | 20.4% |
| 净利润同比 | 4.3% | 74.2% |
| 每股收益（稀释后） | $4.60 | $0.61 |
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ADBEGLW
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $4.2B | ||
| Q3 25 | $6.0B | $4.1B | ||
| Q2 25 | $5.9B | $3.9B | ||
| Q1 25 | $5.7B | $3.5B | ||
| Q4 24 | $5.6B | $3.5B | ||
| Q3 24 | $5.4B | $3.4B | ||
| Q2 24 | $5.3B | $3.3B |
净利润ADBEGLW
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $540.0M | ||
| Q3 25 | $1.8B | $430.0M | ||
| Q2 25 | $1.7B | $469.0M | ||
| Q1 25 | $1.8B | $157.0M | ||
| Q4 24 | $1.7B | $310.0M | ||
| Q3 24 | $1.7B | $-117.0M | ||
| Q2 24 | $1.6B | $104.0M |
毛利率ADBEGLW
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 35.5% | ||
| Q3 25 | 89.3% | 37.1% | ||
| Q2 25 | 89.1% | 36.0% | ||
| Q1 25 | 89.1% | 35.2% | ||
| Q4 24 | 89.0% | 34.2% | ||
| Q3 24 | 89.8% | 33.5% | ||
| Q2 24 | 88.7% | 29.2% |
营业利润率ADBEGLW
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 15.9% | ||
| Q3 25 | 36.3% | 14.4% | ||
| Q2 25 | 35.9% | 14.8% | ||
| Q1 25 | 37.9% | 12.9% | ||
| Q4 24 | 34.9% | 11.2% | ||
| Q3 24 | 36.8% | 8.9% | ||
| Q2 24 | 35.5% | 5.7% |
净利率ADBEGLW
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 12.8% | ||
| Q3 25 | 29.6% | 10.5% | ||
| Q2 25 | 28.8% | 12.1% | ||
| Q1 25 | 31.7% | 4.5% | ||
| Q4 24 | 30.0% | 8.9% | ||
| Q3 24 | 31.1% | -3.5% | ||
| Q2 24 | 29.6% | 3.2% |
每股收益（稀释后）ADBEGLW
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $0.61 | ||
| Q3 25 | $4.18 | $0.50 | ||
| Q2 25 | $3.94 | $0.54 | ||
| Q1 25 | $4.14 | $0.18 | ||
| Q4 24 | $3.75 | $0.36 | ||
| Q3 24 | $3.76 | $-0.14 | ||
| Q2 24 | $3.49 | $0.12 |
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 | $1.5B |
| 总债务越低越好 | $5.4B | $7.6B |
| 股东权益账面价值 | $11.4B | $11.8B |
| 总资产 | $29.7B | $31.0B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资ADBEGLW
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $1.5B | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $5.7B | — | ||
| Q1 25 | $7.4B | — | ||
| Q4 24 | $7.9B | $1.8B | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $8.1B | — |
总债务ADBEGLW
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $7.6B | ||
| Q3 25 | $6.2B | $7.4B | ||
| Q2 25 | $6.2B | $6.7B | ||
| Q1 25 | $6.2B | $7.0B | ||
| Q4 24 | $4.1B | $6.9B | ||
| Q3 24 | $4.1B | $7.1B | ||
| Q2 24 | $4.1B | $6.9B |
股东权益ADBEGLW
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $11.8B | ||
| Q3 25 | $11.8B | $11.5B | ||
| Q2 25 | $11.4B | $11.1B | ||
| Q1 25 | $13.1B | $10.7B | ||
| Q4 24 | $14.1B | $10.7B | ||
| Q3 24 | $14.5B | $11.1B | ||
| Q2 24 | $14.8B | $10.6B |
总资产ADBEGLW
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $31.0B | ||
| Q3 25 | $28.8B | $29.9B | ||
| Q2 25 | $28.1B | $28.7B | ||
| Q1 25 | $30.0B | $27.4B | ||
| Q4 24 | $30.2B | $27.7B | ||
| Q3 24 | $29.8B | $28.3B | ||
| Q2 24 | $30.0B | $27.2B |
负债/权益比ADBEGLW
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | 0.65× | ||
| Q3 25 | 0.53× | 0.64× | ||
| Q2 25 | 0.54× | 0.60× | ||
| Q1 25 | 0.47× | 0.65× | ||
| Q4 24 | 0.29× | 0.64× | ||
| Q3 24 | 0.28× | 0.64× | ||
| Q2 24 | 0.28× | 0.65× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $620.0M |
| 自由现金流率自由现金流/营收 | 45.7% | 14.7% |
| 资本支出强度资本支出/营收 | 0.6% | 10.2% |
| 现金转化率经营现金流/净利润 | 1.57× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $1.4B |
8季度趋势，按日历期对齐
经营现金流ADBEGLW
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $1.1B | ||
| Q3 25 | $2.2B | $784.0M | ||
| Q2 25 | $2.2B | $708.0M | ||
| Q1 25 | $2.5B | $151.0M | ||
| Q4 24 | — | $623.0M | ||
| Q3 24 | $2.0B | $699.0M | ||
| Q2 24 | $1.9B | $521.0M |
自由现金流ADBEGLW
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $620.0M | ||
| Q3 25 | $2.1B | $450.0M | ||
| Q2 25 | $2.1B | $400.0M | ||
| Q1 25 | $2.5B | $-57.0M | ||
| Q4 24 | — | $369.0M | ||
| Q3 24 | $2.0B | $482.0M | ||
| Q2 24 | $1.9B | $279.0M |
自由现金流率ADBEGLW
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 14.7% | ||
| Q3 25 | 35.5% | 11.0% | ||
| Q2 25 | 36.5% | 10.4% | ||
| Q1 25 | 43.0% | -1.7% | ||
| Q4 24 | — | 10.5% | ||
| Q3 24 | 36.3% | 14.2% | ||
| Q2 24 | 35.8% | 8.6% |
资本支出强度ADBEGLW
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 10.2% | ||
| Q3 25 | 1.2% | 8.1% | ||
| Q2 25 | 0.8% | 8.0% | ||
| Q1 25 | 0.5% | 6.0% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 1.1% | 6.4% | ||
| Q2 24 | 0.8% | 7.4% |
现金转化率ADBEGLW
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 1.95× | ||
| Q3 25 | 1.24× | 1.82× | ||
| Q2 25 | 1.30× | 1.51× | ||
| Q1 25 | 1.37× | 0.96× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.23× | 5.01× |
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% |
GLW
暂无分部数据
