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奥多比（ADBE）与力特（LFUS）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力特的10.8倍（$6.4B vs $593.9M）。奥多比净利率更高（29.5% vs -40.8%，领先70.3%）。力特同比增速更快（12.2% vs 12.0%）。奥多比自由现金流更多（$2.9B vs $119.7M）。过去两年奥多比的营收复合增速更高（9.8% vs 5.3%）
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。
力特是全球领先的电路保护、传感及控制组件制造商，主营保险丝、半导体保护器件、功率开关、传感器、断路器等产品，服务汽车、工业电子、消费电子、通信及可再生能源等领域，为全球客户提供提升设备安全可靠性的解决方案。
ADBE vs LFUS — 直观对比
营收规模更大
ADBE
是对方的10.8倍
$593.9M
营收增速更快
LFUS
高出0.2%
12.0%
净利率更高
ADBE
高出70.3%
-40.8%
自由现金流更多
ADBE
多$2.8B
$119.7M
两年增速更快
ADBE
近两年复合增速
5.3%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $593.9M |
| 净利润 | $1.9B | $-242.1M |
| 毛利率 | 89.6% | 38.0% |
| 营业利润率 | 37.8% | -37.5% |
| 净利率 | 29.5% | -40.8% |
| 营收同比 | 12.0% | 12.2% |
| 净利润同比 | 4.3% | -367.6% |
| 每股收益（稀释后） | $4.60 | $-9.71 |
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ADBELFUS
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $593.9M | ||
| Q3 25 | $6.0B | $624.6M | ||
| Q2 25 | $5.9B | $613.4M | ||
| Q1 25 | $5.7B | $554.3M | ||
| Q4 24 | $5.6B | $529.5M | ||
| Q3 24 | $5.4B | $567.4M | ||
| Q2 24 | $5.3B | $558.5M |
净利润ADBELFUS
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $-242.1M | ||
| Q3 25 | $1.8B | $69.5M | ||
| Q2 25 | $1.7B | $57.3M | ||
| Q1 25 | $1.8B | $43.6M | ||
| Q4 24 | $1.7B | $-51.8M | ||
| Q3 24 | $1.7B | $58.1M | ||
| Q2 24 | $1.6B | $45.5M |
毛利率ADBELFUS
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 38.0% | ||
| Q3 25 | 89.3% | 38.6% | ||
| Q2 25 | 89.1% | 37.8% | ||
| Q1 25 | 89.1% | 37.4% | ||
| Q4 24 | 89.0% | 33.4% | ||
| Q3 24 | 89.8% | 38.1% | ||
| Q2 24 | 88.7% | 37.1% |
营业利润率ADBELFUS
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | -37.5% | ||
| Q3 25 | 36.3% | 15.6% | ||
| Q2 25 | 35.9% | 15.1% | ||
| Q1 25 | 37.9% | 12.7% | ||
| Q4 24 | 34.9% | -9.3% | ||
| Q3 24 | 36.8% | 15.5% | ||
| Q2 24 | 35.5% | 11.7% |
净利率ADBELFUS
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | -40.8% | ||
| Q3 25 | 29.6% | 11.1% | ||
| Q2 25 | 28.8% | 9.3% | ||
| Q1 25 | 31.7% | 7.9% | ||
| Q4 24 | 30.0% | -9.8% | ||
| Q3 24 | 31.1% | 10.2% | ||
| Q2 24 | 29.6% | 8.1% |
每股收益（稀释后）ADBELFUS
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $-9.71 | ||
| Q3 25 | $4.18 | $2.77 | ||
| Q2 25 | $3.94 | $2.30 | ||
| Q1 25 | $4.14 | $1.75 | ||
| Q4 24 | $3.75 | $-2.07 | ||
| Q3 24 | $3.76 | $2.32 | ||
| Q2 24 | $3.49 | $1.82 |
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 | $563.7M |
| 总债务越低越好 | $5.4B | $802.6M |
| 股东权益账面价值 | $11.4B | $2.4B |
| 总资产 | $29.7B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资ADBELFUS
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $563.7M | ||
| Q3 25 | $5.9B | $815.0M | ||
| Q2 25 | $5.7B | $685.5M | ||
| Q1 25 | $7.4B | $619.7M | ||
| Q4 24 | $7.9B | $725.9M | ||
| Q3 24 | $7.5B | $630.7M | ||
| Q2 24 | $8.1B | $562.7M |
总债务ADBELFUS
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $802.6M | ||
| Q3 25 | $6.2B | $805.8M | ||
| Q2 25 | $6.2B | $810.2M | ||
| Q1 25 | $6.2B | $805.7M | ||
| Q4 24 | $4.1B | $856.1M | ||
| Q3 24 | $4.1B | $867.7M | ||
| Q2 24 | $4.1B | $863.5M |
股东权益ADBELFUS
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $2.4B | ||
| Q3 25 | $11.8B | $2.7B | ||
| Q2 25 | $11.4B | $2.6B | ||
| Q1 25 | $13.1B | $2.5B | ||
| Q4 24 | $14.1B | $2.4B | ||
| Q3 24 | $14.5B | $2.6B | ||
| Q2 24 | $14.8B | $2.5B |
总资产ADBELFUS
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $4.0B | ||
| Q3 25 | $28.8B | $4.2B | ||
| Q2 25 | $28.1B | $4.1B | ||
| Q1 25 | $30.0B | $3.9B | ||
| Q4 24 | $30.2B | $3.9B | ||
| Q3 24 | $29.8B | $4.1B | ||
| Q2 24 | $30.0B | $3.9B |
负债/权益比ADBELFUS
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | 0.33× | ||
| Q3 25 | 0.53× | 0.30× | ||
| Q2 25 | 0.54× | 0.31× | ||
| Q1 25 | 0.47× | 0.33× | ||
| Q4 24 | 0.29× | 0.35× | ||
| Q3 24 | 0.28× | 0.34× | ||
| Q2 24 | 0.28× | 0.35× |
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 | $138.7M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $119.7M |
| 自由现金流率自由现金流/营收 | 45.7% | 20.2% |
| 资本支出强度资本支出/营收 | 0.6% | 3.2% |
| 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 | $366.1M |
8季度趋势，按日历期对齐
经营现金流ADBELFUS
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $138.7M | ||
| Q3 25 | $2.2B | $146.9M | ||
| Q2 25 | $2.2B | $82.5M | ||
| Q1 25 | $2.5B | $65.8M | ||
| Q4 24 | — | $160.6M | ||
| Q3 24 | $2.0B | $80.4M | ||
| Q2 24 | $1.9B | $69.4M |
自由现金流ADBELFUS
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $119.7M | ||
| Q3 25 | $2.1B | $131.2M | ||
| Q2 25 | $2.1B | $72.6M | ||
| Q1 25 | $2.5B | $42.7M | ||
| Q4 24 | — | $134.8M | ||
| Q3 24 | $2.0B | $65.0M | ||
| Q2 24 | $1.9B | $50.3M |
自由现金流率ADBELFUS
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 20.2% | ||
| Q3 25 | 35.5% | 21.0% | ||
| Q2 25 | 36.5% | 11.8% | ||
| Q1 25 | 43.0% | 7.7% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | 36.3% | 11.5% | ||
| Q2 24 | 35.8% | 9.0% |
资本支出强度ADBELFUS
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 3.2% | ||
| Q3 25 | 1.2% | 2.5% | ||
| Q2 25 | 0.8% | 1.6% | ||
| Q1 25 | 0.5% | 4.2% | ||
| Q4 24 | — | 4.9% | ||
| Q3 24 | 1.1% | 2.7% | ||
| Q2 24 | 0.8% | 3.4% |
现金转化率ADBELFUS
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 1.24× | 2.11× | ||
| Q2 25 | 1.30× | 1.44× | ||
| Q1 25 | 1.37× | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.20× | 1.39× | ||
| Q2 24 | 1.23× | 1.53× |
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% |
LFUS
| Electronics Passive Products And Sensors | $174.9M | 29% |
| Electronics Semiconductor | $170.3M | 29% |
| Industrial Products | $85.0M | 14% |
| Commercial Vehicle Products | $76.2M | 13% |
| Passenger Car Products | $72.8M | 12% |
| Automotive Sensors | $14.7M | 2% |
| Dortmund Fab | $12.5M | 2% |
