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奥多比（ADBE）与艾昆纬（IQV）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艾昆纬的1.5倍（$6.4B vs $4.4B），奥多比净利率更高（29.5% vs 11.8%，领先17.7%），奥多比同比增速更快（12.0% vs 10.3%），奥多比自由现金流更多（$2.9B vs $561.0M），过去两年奥多比的营收复合增速更高（9.8% vs 8.1%）
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。
艾昆纬控股（IQVIA Holdings Inc.）总部位于美国北卡罗来纳州达勒姆，是专注于医疗信息技术与临床研究领域的知名企业。公司依托专业技术优势与行业资源积累，为医疗健康、医药研发等领域客户提供专业解决方案与服务支持，助力产业创新发展。
ADBE vs IQV — 直观对比
营收规模更大
ADBE
是对方的1.5倍
$4.4B
营收增速更快
ADBE
高出1.7%
10.3%
净利率更高
ADBE
高出17.7%
11.8%
自由现金流更多
ADBE
多$2.4B
$561.0M
两年增速更快
ADBE
近两年复合增速
8.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $4.4B |
| 净利润 | $1.9B | $514.0M |
| 毛利率 | 89.6% | — |
| 营业利润率 | 37.8% | 14.4% |
| 净利率 | 29.5% | 11.8% |
| 营收同比 | 12.0% | 10.3% |
| 净利润同比 | 4.3% | 17.6% |
| 每股收益（稀释后） | $4.60 | $2.97 |
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ADBEIQV
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $4.4B | ||
| Q3 25 | $6.0B | $4.1B | ||
| Q2 25 | $5.9B | $4.0B | ||
| Q1 25 | $5.7B | $3.8B | ||
| Q4 24 | $5.6B | $4.0B | ||
| Q3 24 | $5.4B | $3.9B | ||
| Q2 24 | $5.3B | $3.8B |
净利润ADBEIQV
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $514.0M | ||
| Q3 25 | $1.8B | $331.0M | ||
| Q2 25 | $1.7B | $266.0M | ||
| Q1 25 | $1.8B | $249.0M | ||
| Q4 24 | $1.7B | $437.0M | ||
| Q3 24 | $1.7B | $285.0M | ||
| Q2 24 | $1.6B | $363.0M |
毛利率ADBEIQV
| 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% | 23.5% | ||
| Q2 24 | 88.7% | 22.6% |
营业利润率ADBEIQV
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 14.4% | ||
| Q3 25 | 36.3% | 13.5% | ||
| Q2 25 | 35.9% | 12.6% | ||
| Q1 25 | 37.9% | 13.0% | ||
| Q4 24 | 34.9% | 15.8% | ||
| Q3 24 | 36.8% | 14.1% | ||
| Q2 24 | 35.5% | 13.6% |
净利率ADBEIQV
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 11.8% | ||
| Q3 25 | 29.6% | 8.1% | ||
| Q2 25 | 28.8% | 6.6% | ||
| Q1 25 | 31.7% | 6.5% | ||
| Q4 24 | 30.0% | 11.0% | ||
| Q3 24 | 31.1% | 7.3% | ||
| Q2 24 | 29.6% | 9.5% |
每股收益（稀释后）ADBEIQV
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $2.97 | ||
| Q3 25 | $4.18 | $1.93 | ||
| Q2 25 | $3.94 | $1.54 | ||
| Q1 25 | $4.14 | $1.40 | ||
| Q4 24 | $3.75 | $2.41 | ||
| Q3 24 | $3.76 | $1.55 | ||
| Q2 24 | $3.49 | $1.97 |
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 | $2.1B |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $6.5B |
| 总资产 | $29.7B | $29.9B |
| 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ADBEIQV
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $2.1B | ||
| Q3 25 | $5.9B | $2.0B | ||
| Q2 25 | $5.7B | $2.2B | ||
| Q1 25 | $7.4B | $1.9B | ||
| Q4 24 | $7.9B | $1.8B | ||
| Q3 24 | $7.5B | $1.7B | ||
| Q2 24 | $8.1B | $1.7B |
总债务ADBEIQV
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $6.2B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — |
股东权益ADBEIQV
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $6.5B | ||
| Q3 25 | $11.8B | $6.2B | ||
| Q2 25 | $11.4B | $5.8B | ||
| Q1 25 | $13.1B | $6.0B | ||
| Q4 24 | $14.1B | $6.1B | ||
| Q3 24 | $14.5B | $7.0B | ||
| Q2 24 | $14.8B | $6.7B |
总资产ADBEIQV
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $29.9B | ||
| Q3 25 | $28.8B | $28.7B | ||
| Q2 25 | $28.1B | $28.6B | ||
| Q1 25 | $30.0B | $27.3B | ||
| Q4 24 | $30.2B | $26.9B | ||
| Q3 24 | $29.8B | $27.2B | ||
| Q2 24 | $30.0B | $26.4B |
负债/权益比ADBEIQV
| 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× | — |
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 | $735.0M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $561.0M |
| 自由现金流率自由现金流/营收 | 45.7% | 12.9% |
| 资本支出强度资本支出/营收 | 0.6% | 4.0% |
| 现金转化率经营现金流/净利润 | 1.57× | 1.43× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $2.1B |
8季度趋势，按日历期对齐
经营现金流ADBEIQV
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $735.0M | ||
| Q3 25 | $2.2B | $908.0M | ||
| Q2 25 | $2.2B | $443.0M | ||
| Q1 25 | $2.5B | $568.0M | ||
| Q4 24 | — | $885.0M | ||
| Q3 24 | $2.0B | $721.0M | ||
| Q2 24 | $1.9B | $588.0M |
自由现金流ADBEIQV
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $561.0M | ||
| Q3 25 | $2.1B | $772.0M | ||
| Q2 25 | $2.1B | $292.0M | ||
| Q1 25 | $2.5B | $426.0M | ||
| Q4 24 | — | $721.0M | ||
| Q3 24 | $2.0B | $571.0M | ||
| Q2 24 | $1.9B | $445.0M |
自由现金流率ADBEIQV
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 12.9% | ||
| Q3 25 | 35.5% | 18.8% | ||
| Q2 25 | 36.5% | 7.3% | ||
| Q1 25 | 43.0% | 11.1% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | 36.3% | 14.7% | ||
| Q2 24 | 35.8% | 11.7% |
资本支出强度ADBEIQV
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 4.0% | ||
| Q3 25 | 1.2% | 3.3% | ||
| Q2 25 | 0.8% | 3.8% | ||
| Q1 25 | 0.5% | 3.7% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | 1.1% | 3.9% | ||
| Q2 24 | 0.8% | 3.7% |
现金转化率ADBEIQV
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 1.43× | ||
| Q3 25 | 1.24× | 2.74× | ||
| Q2 25 | 1.30× | 1.67× | ||
| Q1 25 | 1.37× | 2.28× | ||
| Q4 24 | — | 2.03× | ||
| Q3 24 | 1.20× | 2.53× | ||
| Q2 24 | 1.23× | 1.62× |
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% |
IQV
暂无分部数据
