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奥多比（ADBE）与IAC Inc.（IAC）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IAC Inc.的9.9倍（$6.4B vs $646.0M）。奥多比净利率更高（29.5% vs -11.9%，领先41.4%）。奥多比同比增速更快（12.0% vs -10.5%）。奥多比自由现金流更多（$2.9B vs $31.4M）。过去两年奥多比的营收复合增速更高（9.8% vs 1.7%）
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。
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
ADBE vs IAC — 直观对比
营收规模更大
ADBE
是对方的9.9倍
$646.0M
营收增速更快
ADBE
高出22.4%
-10.5%
净利率更高
ADBE
高出41.4%
-11.9%
自由现金流更多
ADBE
多$2.9B
$31.4M
两年增速更快
ADBE
近两年复合增速
1.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $646.0M |
| 净利润 | $1.9B | $-76.8M |
| 毛利率 | 89.6% | 69.8% |
| 营业利润率 | 37.8% | -17.5% |
| 净利率 | 29.5% | -11.9% |
| 营收同比 | 12.0% | -10.5% |
| 净利润同比 | 4.3% | 61.4% |
| 每股收益（稀释后） | $4.60 | $-0.96 |
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ADBEIAC
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $646.0M | ||
| Q3 25 | $6.0B | $589.8M | ||
| Q2 25 | $5.9B | $586.9M | ||
| Q1 25 | $5.7B | $570.5M | ||
| Q4 24 | $5.6B | $721.4M | ||
| Q3 24 | $5.4B | $642.0M | ||
| Q2 24 | $5.3B | $634.4M |
净利润ADBEIAC
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $-76.8M | ||
| Q3 25 | $1.8B | $-21.9M | ||
| Q2 25 | $1.7B | $211.5M | ||
| Q1 25 | $1.8B | $-216.8M | ||
| Q4 24 | $1.7B | $-199.0M | ||
| Q3 24 | $1.7B | $-243.7M | ||
| Q2 24 | $1.6B | $-142.2M |
毛利率ADBEIAC
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 69.8% | ||
| Q3 25 | 89.3% | 64.8% | ||
| Q2 25 | 89.1% | 65.6% | ||
| Q1 25 | 89.1% | 64.0% | ||
| Q4 24 | 89.0% | 65.8% | ||
| Q3 24 | 89.8% | 62.1% | ||
| Q2 24 | 88.7% | 60.1% |
营业利润率ADBEIAC
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | -17.5% | ||
| Q3 25 | 36.3% | -3.5% | ||
| Q2 25 | 35.9% | 0.1% | ||
| Q1 25 | 37.9% | 6.3% | ||
| Q4 24 | 34.9% | 6.7% | ||
| Q3 24 | 36.8% | 1.3% | ||
| Q2 24 | 35.5% | -3.4% |
净利率ADBEIAC
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | -11.9% | ||
| Q3 25 | 29.6% | -3.7% | ||
| Q2 25 | 28.8% | 36.0% | ||
| Q1 25 | 31.7% | -38.0% | ||
| Q4 24 | 30.0% | -27.6% | ||
| Q3 24 | 31.1% | -38.0% | ||
| Q2 24 | 29.6% | -22.4% |
每股收益（稀释后）ADBEIAC
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $-0.96 | ||
| Q3 25 | $4.18 | $-0.27 | ||
| Q2 25 | $3.94 | $2.57 | ||
| Q1 25 | $4.14 | $-2.64 | ||
| Q4 24 | $3.75 | $-2.36 | ||
| Q3 24 | $3.76 | $-2.93 | ||
| Q2 24 | $3.49 | $-1.71 |
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 | $960.2M |
| 总债务越低越好 | $5.4B | $1.4B |
| 股东权益账面价值 | $11.4B | $4.7B |
| 总资产 | $29.7B | $7.1B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资ADBEIAC
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $960.2M | ||
| Q3 25 | $5.9B | $1.0B | ||
| Q2 25 | $5.7B | $1.1B | ||
| Q1 25 | $7.4B | $1.2B | ||
| Q4 24 | $7.9B | $1.4B | ||
| Q3 24 | $7.5B | $1.3B | ||
| Q2 24 | $8.1B | $1.3B |
总债务ADBEIAC
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $1.4B | ||
| Q3 25 | $6.2B | $1.4B | ||
| Q2 25 | $6.2B | $1.4B | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — |
股东权益ADBEIAC
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $4.7B | ||
| Q3 25 | $11.8B | $4.8B | ||
| Q2 25 | $11.4B | $4.9B | ||
| Q1 25 | $13.1B | $4.7B | ||
| Q4 24 | $14.1B | $5.6B | ||
| Q3 24 | $14.5B | $5.8B | ||
| Q2 24 | $14.8B | $6.0B |
总资产ADBEIAC
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $7.1B | ||
| Q3 25 | $28.8B | $7.2B | ||
| Q2 25 | $28.1B | $7.4B | ||
| Q1 25 | $30.0B | $7.2B | ||
| Q4 24 | $30.2B | $9.7B | ||
| Q3 24 | $29.8B | $9.8B | ||
| Q2 24 | $30.0B | $10.2B |
负债/权益比ADBEIAC
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | 0.30× | ||
| Q3 25 | 0.53× | 0.30× | ||
| Q2 25 | 0.54× | 0.30× | ||
| 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 | $36.6M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $31.4M |
| 自由现金流率自由现金流/营收 | 45.7% | 4.9% |
| 资本支出强度资本支出/营收 | 0.6% | 0.8% |
| 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 | $44.8M |
8季度趋势，按日历期对齐
经营现金流ADBEIAC
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $36.6M | ||
| Q3 25 | $2.2B | $30.1M | ||
| Q2 25 | $2.2B | $-2.8M | ||
| Q1 25 | $2.5B | $63.0K | ||
| Q4 24 | — | $110.1M | ||
| Q3 24 | $2.0B | $95.3M | ||
| Q2 24 | $1.9B | $85.0M |
自由现金流ADBEIAC
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $31.4M | ||
| Q3 25 | $2.1B | $25.3M | ||
| Q2 25 | $2.1B | $-7.2M | ||
| Q1 25 | $2.5B | $-4.6M | ||
| Q4 24 | — | $104.8M | ||
| Q3 24 | $2.0B | $92.0M | ||
| Q2 24 | $1.9B | $81.6M |
自由现金流率ADBEIAC
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 4.9% | ||
| Q3 25 | 35.5% | 4.3% | ||
| Q2 25 | 36.5% | -1.2% | ||
| Q1 25 | 43.0% | -0.8% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | 36.3% | 14.3% | ||
| Q2 24 | 35.8% | 12.9% |
资本支出强度ADBEIAC
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 0.8% | ||
| Q3 25 | 1.2% | 0.8% | ||
| Q2 25 | 0.8% | 0.8% | ||
| Q1 25 | 0.5% | 0.8% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 1.1% | 0.5% | ||
| Q2 24 | 0.8% | 0.5% |
现金转化率ADBEIAC
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.30× | -0.01× | ||
| 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% |
IAC
| $168.5M | 26% | |
| Performance Marketing | $101.2M | 16% |
| Care.com | $85.7M | 13% |
| Subscription | $69.5M | 11% |
| Licensing And Other | $43.8M | 7% |
| Consumer Revenue | $43.2M | 7% |
| Advertising | $35.9M | 6% |
| Project And Other Print | $33.6M | 5% |
| Advertising Google | $28.9M | 4% |
| Newsstand | $22.4M | 3% |
| Emerging Other | $19.6M | 3% |
