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奥多比（ADBE）与哈里伯顿（HAL）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哈里伯顿的1.2倍（$6.4B vs $5.4B），奥多比净利率更高（29.5% vs 8.6%，领先20.9%），奥多比同比增速更快（12.0% vs -4.5%），奥多比自由现金流更多（$2.9B vs $123.0M），过去两年奥多比的营收复合增速更高（9.8% vs -3.8%）
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。
哈里伯顿是源自美国的跨国企业，为全球第二大油田服务提供商，承接了全球绝大多数水力压裂作业项目。公司在美国注册，设有休斯敦与迪拜双总部，业务覆盖全球主要油气开采市场。
ADBE vs HAL — 直观对比
营收规模更大
ADBE
是对方的1.2倍
$5.4B
营收增速更快
ADBE
高出16.5%
-4.5%
净利率更高
ADBE
高出20.9%
8.6%
自由现金流更多
ADBE
多$2.8B
$123.0M
两年增速更快
ADBE
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $5.4B |
| 净利润 | $1.9B | $464.0M |
| 毛利率 | 89.6% | — |
| 营业利润率 | 37.8% | 12.6% |
| 净利率 | 29.5% | 8.6% |
| 营收同比 | 12.0% | -4.5% |
| 净利润同比 | 4.3% | -21.2% |
| 每股收益（稀释后） | $4.60 | $0.55 |
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ADBEHAL
| Q1 26 | $6.4B | $5.4B | ||
| Q4 25 | $6.2B | $5.7B | ||
| Q3 25 | $6.0B | $5.6B | ||
| Q2 25 | $5.9B | $5.5B | ||
| Q1 25 | $5.7B | $5.4B | ||
| Q4 24 | $5.6B | $5.6B | ||
| Q3 24 | $5.4B | $5.7B | ||
| Q2 24 | $5.3B | $5.8B |
净利润ADBEHAL
| Q1 26 | $1.9B | $464.0M | ||
| Q4 25 | $1.9B | $589.0M | ||
| Q3 25 | $1.8B | $18.0M | ||
| Q2 25 | $1.7B | $472.0M | ||
| Q1 25 | $1.8B | $204.0M | ||
| Q4 24 | $1.7B | $615.0M | ||
| Q3 24 | $1.7B | $571.0M | ||
| Q2 24 | $1.6B | $709.0M |
毛利率ADBEHAL
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | — | ||
| Q3 25 | 89.3% | — | ||
| 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ADBEHAL
| Q1 26 | 37.8% | 12.6% | ||
| Q4 25 | 36.5% | 13.2% | ||
| Q3 25 | 36.3% | 6.4% | ||
| Q2 25 | 35.9% | 13.2% | ||
| Q1 25 | 37.9% | 8.0% | ||
| Q4 24 | 34.9% | 16.6% | ||
| Q3 24 | 36.8% | 15.3% | ||
| Q2 24 | 35.5% | 17.7% |
净利率ADBEHAL
| Q1 26 | 29.5% | 8.6% | ||
| Q4 25 | 30.0% | 10.4% | ||
| Q3 25 | 29.6% | 0.3% | ||
| Q2 25 | 28.8% | 8.6% | ||
| Q1 25 | 31.7% | 3.8% | ||
| Q4 24 | 30.0% | 11.0% | ||
| Q3 24 | 31.1% | 10.0% | ||
| Q2 24 | 29.6% | 12.2% |
每股收益（稀释后）ADBEHAL
| Q1 26 | $4.60 | $0.55 | ||
| Q4 25 | $4.44 | — | ||
| Q3 25 | $4.18 | $0.02 | ||
| Q2 25 | $3.94 | $0.55 | ||
| Q1 25 | $4.14 | $0.24 | ||
| Q4 24 | $3.75 | — | ||
| Q3 24 | $3.76 | $650000.00 | ||
| Q2 24 | $3.49 | $800000.00 |
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 | $2.0M |
| 总债务越低越好 | $5.4B | $7.2M |
| 股东权益账面价值 | $11.4B | $10.8M |
| 总资产 | $29.7B | $25.1M |
| 负债/权益比越低杠杆越低 | 0.47× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资ADBEHAL
| Q1 26 | $6.9B | $2.0M | ||
| Q4 25 | $6.6B | $2.2B | ||
| Q3 25 | $5.9B | $2.0B | ||
| Q2 25 | $5.7B | — | ||
| Q1 25 | $7.4B | — | ||
| Q4 24 | $7.9B | $2.6B | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $8.1B | — |
总债务ADBEHAL
| Q1 26 | $5.4B | $7.2M | ||
| Q4 25 | $6.2B | $7.2B | ||
| Q3 25 | $6.2B | $7.2B | ||
| Q2 25 | $6.2B | $7.2B | ||
| Q1 25 | $6.2B | $7.2B | ||
| Q4 24 | $4.1B | $7.2B | ||
| Q3 24 | $4.1B | $7.6B | ||
| Q2 24 | $4.1B | $7.6B |
股东权益ADBEHAL
| Q1 26 | $11.4B | $10.8M | ||
| Q4 25 | $11.6B | $10.5B | ||
| Q3 25 | $11.8B | $10.2B | ||
| Q2 25 | $11.4B | $10.5B | ||
| Q1 25 | $13.1B | $10.4B | ||
| Q4 24 | $14.1B | $10.5B | ||
| Q3 24 | $14.5B | $10.3B | ||
| Q2 24 | $14.8B | $10.0B |
总资产ADBEHAL
| Q1 26 | $29.7B | $25.1M | ||
| Q4 25 | $29.5B | $25.0B | ||
| Q3 25 | $28.8B | $25.2B | ||
| Q2 25 | $28.1B | $25.4B | ||
| Q1 25 | $30.0B | $25.2B | ||
| Q4 24 | $30.2B | $25.6B | ||
| Q3 24 | $29.8B | $25.3B | ||
| Q2 24 | $30.0B | $25.2B |
负债/权益比ADBEHAL
| Q1 26 | 0.47× | 0.66× | ||
| Q4 25 | 0.53× | 0.68× | ||
| Q3 25 | 0.53× | 0.70× | ||
| Q2 25 | 0.54× | 0.68× | ||
| Q1 25 | 0.47× | 0.69× | ||
| Q4 24 | 0.29× | 0.68× | ||
| Q3 24 | 0.28× | 0.74× | ||
| Q2 24 | 0.28× | 0.76× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $123.0M |
| 自由现金流率自由现金流/营收 | 45.7% | 2.3% |
| 资本支出强度资本支出/营收 | 0.6% | 3.6% |
| 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 | $1.7B |
8季度趋势，按日历期对齐
经营现金流ADBEHAL
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $2.2B | $488.0M | ||
| Q2 25 | $2.2B | $896.0M | ||
| Q1 25 | $2.5B | $377.0M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $2.0B | $841.0M | ||
| Q2 24 | $1.9B | $1.1B |
自由现金流ADBEHAL
| Q1 26 | $2.9B | $123.0M | ||
| Q4 25 | $3.1B | $828.0M | ||
| Q3 25 | $2.1B | $227.0M | ||
| Q2 25 | $2.1B | $542.0M | ||
| Q1 25 | $2.5B | $75.0M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $2.0B | $502.0M | ||
| Q2 24 | $1.9B | $734.0M |
自由现金流率ADBEHAL
| Q1 26 | 45.7% | 2.3% | ||
| Q4 25 | 50.5% | 14.6% | ||
| Q3 25 | 35.5% | 4.1% | ||
| Q2 25 | 36.5% | 9.8% | ||
| Q1 25 | 43.0% | 1.4% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | 36.3% | 8.8% | ||
| Q2 24 | 35.8% | 12.6% |
资本支出强度ADBEHAL
| Q1 26 | 0.6% | 3.6% | ||
| Q4 25 | 0.5% | 6.0% | ||
| Q3 25 | 1.2% | 4.7% | ||
| Q2 25 | 0.8% | 6.4% | ||
| Q1 25 | 0.5% | 5.6% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | 1.1% | 6.0% | ||
| Q2 24 | 0.8% | 5.9% |
现金转化率ADBEHAL
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 1.98× | ||
| Q3 25 | 1.24× | 27.11× | ||
| Q2 25 | 1.30× | 1.90× | ||
| Q1 25 | 1.37× | 1.85× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | 1.20× | 1.47× | ||
| Q2 24 | 1.23× | 1.52× |
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% |
HAL
| Completion and Production | $3.0B | 56% |
| Middle East/Asia | $1.3B | 24% |
| Europe/Africa/CIS | $858.0M | 16% |
| Other | $210.0M | 4% |
