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奥多比（ADBE）与哈特福德（HIG）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特福德的1.6倍（$6.4B vs $4.1B），奥多比净利率更高（29.5% vs 13.2%，领先16.4%），奥多比同比增速更快（12.0% vs -43.7%），过去两年奥多比的营收复合增速更高（9.8% vs -20.8%）
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。
哈特福德（The Hartford）是美国头部保险企业，位列2024年《财富》世界500强第162位，总部位于康涅狄格州哈特福德市。集团拥有200余年行业经验，在财产意外险、员工福利及共同基金领域处于领先地位，凭借优质服务、可持续运营与诚信经营广受认可。
ADBE vs HIG — 直观对比
营收规模更大
ADBE
是对方的1.6倍
$4.1B
营收增速更快
ADBE
高出55.6%
-43.7%
净利率更高
ADBE
高出16.4%
13.2%
两年增速更快
ADBE
近两年复合增速
-20.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $4.1B |
| 净利润 | $1.9B | $536.0M |
| 毛利率 | 89.6% | — |
| 营业利润率 | 37.8% | — |
| 净利率 | 29.5% | 13.2% |
| 营收同比 | 12.0% | -43.7% |
| 净利润同比 | 4.3% | 12.0% |
| 每股收益（稀释后） | $4.60 | — |
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ADBEHIG
| Q1 26 | $6.4B | $4.1B | ||
| Q4 25 | $6.2B | $7.3B | ||
| Q3 25 | $6.0B | $7.2B | ||
| Q2 25 | $5.9B | $7.0B | ||
| Q1 25 | $5.7B | $6.8B | ||
| Q4 24 | $5.6B | $6.9B | ||
| Q3 24 | $5.4B | $6.8B | ||
| Q2 24 | $5.3B | $6.5B |
净利润ADBEHIG
| Q1 26 | $1.9B | $536.0M | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.7B | $995.0M | ||
| Q1 25 | $1.8B | $630.0M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $767.0M | ||
| Q2 24 | $1.6B | $738.0M |
毛利率ADBEHIG
| 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ADBEHIG
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 19.3% | ||
| Q3 25 | 36.3% | 18.2% | ||
| Q2 25 | 35.9% | 17.8% | ||
| Q1 25 | 37.9% | 11.5% | ||
| Q4 24 | 34.9% | 15.6% | ||
| Q3 24 | 36.8% | 14.1% | ||
| Q2 24 | 35.5% | 14.1% |
净利率ADBEHIG
| Q1 26 | 29.5% | 13.2% | ||
| Q4 25 | 30.0% | — | ||
| Q3 25 | 29.6% | 14.9% | ||
| Q2 25 | 28.8% | 14.2% | ||
| Q1 25 | 31.7% | 9.3% | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 31.1% | 11.4% | ||
| Q2 24 | 29.6% | 11.4% |
每股收益（稀释后）ADBEHIG
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $3.96 | ||
| Q3 25 | $4.18 | $3.77 | ||
| Q2 25 | $3.94 | $3.44 | ||
| Q1 25 | $4.14 | $2.15 | ||
| Q4 24 | $3.75 | $2.88 | ||
| Q3 24 | $3.76 | $2.56 | ||
| Q2 24 | $3.49 | $2.44 |
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 | $1.7M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $16.8M |
| 总资产 | $29.7B | $86.3M |
| 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ADBEHIG
| Q1 26 | $6.9B | $1.7M | ||
| 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 | — |
总债务ADBEHIG
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $4.4B | ||
| Q3 25 | $6.2B | $4.4B | ||
| Q2 25 | $6.2B | $4.4B | ||
| Q1 25 | $6.2B | $4.4B | ||
| Q4 24 | $4.1B | $4.4B | ||
| Q3 24 | $4.1B | $4.4B | ||
| Q2 24 | $4.1B | $4.4B |
股东权益ADBEHIG
| Q1 26 | $11.4B | $16.8M | ||
| Q4 25 | $11.6B | $19.0B | ||
| Q3 25 | $11.8B | $18.4B | ||
| Q2 25 | $11.4B | $17.5B | ||
| Q1 25 | $13.1B | $16.8B | ||
| Q4 24 | $14.1B | $16.4B | ||
| Q3 24 | $14.5B | $17.0B | ||
| Q2 24 | $14.8B | $15.7B |
总资产ADBEHIG
| Q1 26 | $29.7B | $86.3M | ||
| Q4 25 | $29.5B | $86.0B | ||
| Q3 25 | $28.8B | $85.0B | ||
| Q2 25 | $28.1B | $83.6B | ||
| Q1 25 | $30.0B | $82.3B | ||
| Q4 24 | $30.2B | $80.9B | ||
| Q3 24 | $29.8B | $81.2B | ||
| Q2 24 | $30.0B | $79.0B |
负债/权益比ADBEHIG
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | 0.23× | ||
| Q3 25 | 0.53× | 0.24× | ||
| Q2 25 | 0.54× | 0.25× | ||
| Q1 25 | 0.47× | 0.26× | ||
| Q4 24 | 0.29× | 0.27× | ||
| Q3 24 | 0.28× | 0.26× | ||
| Q2 24 | 0.28× | 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 | — |
| 自由现金流经营现金流 - 资本支出 | $2.9B | — |
| 自由现金流率自由现金流/营收 | 45.7% | — |
| 资本支出强度资本支出/营收 | 0.6% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ADBEHIG
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $5.9B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.5B | $985.0M | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $1.9B | $1.3B |
自由现金流ADBEHIG
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $5.8B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.5B | $947.0M | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $1.9B | $1.2B |
自由现金流率ADBEHIG
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 78.4% | ||
| Q3 25 | 35.5% | 24.8% | ||
| Q2 25 | 36.5% | 17.9% | ||
| Q1 25 | 43.0% | 13.9% | ||
| Q4 24 | — | 83.8% | ||
| Q3 24 | 36.3% | 24.0% | ||
| Q2 24 | 35.8% | 18.5% |
资本支出强度ADBEHIG
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 2.3% | ||
| Q3 25 | 1.2% | 0.6% | ||
| Q2 25 | 0.8% | 0.6% | ||
| Q1 25 | 0.5% | 0.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 1.1% | 0.9% | ||
| Q2 24 | 0.8% | 0.9% |
现金转化率ADBEHIG
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 1.24× | 1.70× | ||
| Q2 25 | 1.30× | 1.30× | ||
| Q1 25 | 1.37× | 1.56× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.20× | 2.19× | ||
| Q2 24 | 1.23× | 1.71× |
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% |
HIG
| Earned premiums | $3.6B | 88% |
| Other | $486.0M | 12% |
| Fee income | $12.0M | 0% |
