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奥多比（ADBE）与Jacobs Solutions（J）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Jacobs Solutions的1.9倍（$6.4B vs $3.3B），奥多比净利率更高（29.5% vs 3.8%，领先25.7%），Jacobs Solutions同比增速更快（12.3% vs 12.0%），奥多比自由现金流更多（$2.9B vs $364.9M），过去两年奥多比的营收复合增速更高（9.8% vs -12.2%）
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。
Jacobs Solutions是总部位于美国得克萨斯州达拉斯市的国际技术专业服务企业，面向全球各类企业、社会组织及政府机构客户，提供工程、技术、专业及施工服务，同时开展科学研究与专项咨询业务，在所属行业长期处于领先地位。
ADBE vs J — 直观对比
营收规模更大
ADBE
是对方的1.9倍
$3.3B
营收增速更快
J
高出0.3%
12.0%
净利率更高
ADBE
高出25.7%
3.8%
自由现金流更多
ADBE
多$2.6B
$364.9M
两年增速更快
ADBE
近两年复合增速
-12.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $3.3B |
| 净利润 | $1.9B | $125.5M |
| 毛利率 | 89.6% | 23.2% |
| 营业利润率 | 37.8% | 7.1% |
| 净利率 | 29.5% | 3.8% |
| 营收同比 | 12.0% | 12.3% |
| 净利润同比 | 4.3% | 792.3% |
| 每股收益（稀释后） | $4.60 | $1.12 |
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ADBEJ
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $3.3B | ||
| Q3 25 | $6.0B | $3.2B | ||
| Q2 25 | $5.9B | $3.0B | ||
| Q1 25 | $5.7B | $2.9B | ||
| Q4 24 | $5.6B | $2.9B | ||
| Q3 24 | $5.4B | $-1.2B | ||
| Q2 24 | $5.3B | $4.2B |
净利润ADBEJ
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $125.5M | ||
| Q3 25 | $1.8B | $122.2M | ||
| Q2 25 | $1.7B | $179.6M | ||
| Q1 25 | $1.8B | $5.6M | ||
| Q4 24 | $1.7B | $-18.1M | ||
| Q3 24 | $1.7B | $325.4M | ||
| Q2 24 | $1.6B | $146.9M |
毛利率ADBEJ
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 23.2% | ||
| Q3 25 | 89.3% | 24.3% | ||
| Q2 25 | 89.1% | 25.0% | ||
| Q1 25 | 89.1% | 25.4% | ||
| Q4 24 | 89.0% | 24.6% | ||
| Q3 24 | 89.8% | — | ||
| Q2 24 | 88.7% | 21.7% |
营业利润率ADBEJ
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 7.1% | ||
| Q3 25 | 36.3% | 6.7% | ||
| Q2 25 | 35.9% | 7.8% | ||
| Q1 25 | 37.9% | 7.2% | ||
| Q4 24 | 34.9% | 7.1% | ||
| Q3 24 | 36.8% | — | ||
| Q2 24 | 35.5% | 6.2% |
净利率ADBEJ
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 3.8% | ||
| Q3 25 | 29.6% | 3.9% | ||
| Q2 25 | 28.8% | 5.9% | ||
| Q1 25 | 31.7% | 0.2% | ||
| Q4 24 | 30.0% | -0.6% | ||
| Q3 24 | 31.1% | -28.1% | ||
| Q2 24 | 29.6% | 3.5% |
每股收益（稀释后）ADBEJ
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $1.12 | ||
| Q3 25 | $4.18 | $0.88 | ||
| Q2 25 | $3.94 | $1.55 | ||
| Q1 25 | $4.14 | $0.06 | ||
| Q4 24 | $3.75 | $-0.11 | ||
| Q3 24 | $3.76 | $2.50 | ||
| Q2 24 | $3.49 | $1.17 |
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 | $1.6B |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $3.4B |
| 总资产 | $29.7B | $11.6B |
| 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ADBEJ
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $1.6B | ||
| Q3 25 | $5.9B | $1.2B | ||
| Q2 25 | $5.7B | $1.3B | ||
| Q1 25 | $7.4B | $1.2B | ||
| Q4 24 | $7.9B | $1.3B | ||
| Q3 24 | $7.5B | $1.1B | ||
| Q2 24 | $8.1B | $1.2B |
总债务ADBEJ
| 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ADBEJ
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $3.4B | ||
| Q3 25 | $11.8B | $3.6B | ||
| Q2 25 | $11.4B | $3.8B | ||
| Q1 25 | $13.1B | $3.9B | ||
| Q4 24 | $14.1B | $4.2B | ||
| Q3 24 | $14.5B | $4.5B | ||
| Q2 24 | $14.8B | $6.6B |
总资产ADBEJ
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $11.6B | ||
| Q3 25 | $28.8B | $11.3B | ||
| Q2 25 | $28.1B | $11.4B | ||
| Q1 25 | $30.0B | $11.2B | ||
| Q4 24 | $30.2B | $11.6B | ||
| Q3 24 | $29.8B | $11.8B | ||
| Q2 24 | $30.0B | $15.0B |
负债/权益比ADBEJ
| 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 | $380.8M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $364.9M |
| 自由现金流率自由现金流/营收 | 45.7% | 11.1% |
| 资本支出强度资本支出/营收 | 0.6% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.57× | 3.03× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $875.3M |
8季度趋势，按日历期对齐
经营现金流ADBEJ
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $380.8M | ||
| Q3 25 | $2.2B | $383.1M | ||
| Q2 25 | $2.2B | $292.6M | ||
| Q1 25 | $2.5B | $-96.4M | ||
| Q4 24 | — | $107.5M | ||
| Q3 24 | $2.0B | $196.5M | ||
| Q2 24 | $1.9B | $482.6M |
自由现金流ADBEJ
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $364.9M | ||
| Q3 25 | $2.1B | $353.5M | ||
| Q2 25 | $2.1B | $270.5M | ||
| Q1 25 | $2.5B | $-113.7M | ||
| Q4 24 | — | $97.1M | ||
| Q3 24 | $2.0B | $158.2M | ||
| Q2 24 | $1.9B | $444.9M |
自由现金流率ADBEJ
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 11.1% | ||
| Q3 25 | 35.5% | 11.2% | ||
| Q2 25 | 36.5% | 8.9% | ||
| Q1 25 | 43.0% | -3.9% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 36.3% | -13.6% | ||
| Q2 24 | 35.8% | 10.5% |
资本支出强度ADBEJ
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 0.5% | ||
| Q3 25 | 1.2% | 0.9% | ||
| Q2 25 | 0.8% | 0.7% | ||
| Q1 25 | 0.5% | 0.6% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 1.1% | -3.3% | ||
| Q2 24 | 0.8% | 0.9% |
现金转化率ADBEJ
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 3.03× | ||
| Q3 25 | 1.24× | 3.13× | ||
| Q2 25 | 1.30× | 1.63× | ||
| Q1 25 | 1.37× | -17.18× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.20× | 0.60× | ||
| Q2 24 | 1.23× | 3.28× |
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% |
J
| Infrastructure Advanced Facilities | $2.9B | 89% |
| PA Consulting | $354.4M | 11% |
