vs
奥多比（ADBE）与迈梭电子（MEI）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迈梭电子的25.9倍（$6.4B vs $246.9M）。奥多比净利率更高（29.5% vs -4.0%，领先33.5%）。奥多比同比增速更快（12.0% vs -15.6%）。奥多比自由现金流更多（$2.9B vs $-11.6M）。过去两年奥多比的营收复合增速更高（9.8% vs -2.5%）
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。
迈梭电子是一家总部位于美国伊利诺伊州芝加哥的跨国企业，主要业务涵盖工程研发、生产制造与销售服务，目前在全球14个国家设有超过35个运营网点，全球员工总数约6500人。
ADBE vs MEI — 直观对比
营收规模更大
ADBE
是对方的25.9倍
$246.9M
营收增速更快
ADBE
高出27.6%
-15.6%
净利率更高
ADBE
高出33.5%
-4.0%
自由现金流更多
ADBE
多$2.9B
$-11.6M
两年增速更快
ADBE
近两年复合增速
-2.5%
损益表 — Q1 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $246.9M |
| 净利润 | $1.9B | $-9.9M |
| 毛利率 | 89.6% | 19.3% |
| 营业利润率 | 37.8% | 1.2% |
| 净利率 | 29.5% | -4.0% |
| 营收同比 | 12.0% | -15.6% |
| 净利润同比 | 4.3% | -518.8% |
| 每股收益（稀释后） | $4.60 | $-0.28 |
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ADBEMEI
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $246.9M | ||
| Q3 25 | $6.0B | $240.5M | ||
| Q2 25 | $5.9B | $257.1M | ||
| Q1 25 | $5.7B | $239.9M | ||
| Q4 24 | $5.6B | $292.6M | ||
| Q3 24 | $5.4B | $258.5M | ||
| Q2 24 | $5.3B | $277.3M |
净利润ADBEMEI
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $-9.9M | ||
| Q3 25 | $1.8B | $-10.3M | ||
| Q2 25 | $1.7B | $-28.3M | ||
| Q1 25 | $1.8B | $-14.4M | ||
| Q4 24 | $1.7B | $-1.6M | ||
| Q3 24 | $1.7B | $-18.3M | ||
| Q2 24 | $1.6B | $-57.3M |
毛利率ADBEMEI
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 19.3% | ||
| Q3 25 | 89.3% | 18.1% | ||
| Q2 25 | 89.1% | 7.6% | ||
| Q1 25 | 89.1% | 17.2% | ||
| Q4 24 | 89.0% | 19.8% | ||
| Q3 24 | 89.8% | 17.3% | ||
| Q2 24 | 88.7% | 12.8% |
营业利润率ADBEMEI
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 1.2% | ||
| Q3 25 | 36.3% | 0.5% | ||
| Q2 25 | 35.9% | -9.2% | ||
| Q1 25 | 37.9% | -0.9% | ||
| Q4 24 | 34.9% | 3.2% | ||
| Q3 24 | 36.8% | -2.9% | ||
| Q2 24 | 35.5% | -22.2% |
净利率ADBEMEI
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | -4.0% | ||
| Q3 25 | 29.6% | -4.3% | ||
| Q2 25 | 28.8% | -11.0% | ||
| Q1 25 | 31.7% | -6.0% | ||
| Q4 24 | 30.0% | -0.5% | ||
| Q3 24 | 31.1% | -7.1% | ||
| Q2 24 | 29.6% | -20.7% |
每股收益（稀释后）ADBEMEI
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $-0.28 | ||
| Q3 25 | $4.18 | $-0.29 | ||
| Q2 25 | $3.94 | $-0.79 | ||
| Q1 25 | $4.14 | $-0.41 | ||
| Q4 24 | $3.75 | $-0.05 | ||
| Q3 24 | $3.76 | $-0.52 | ||
| Q2 24 | $3.49 | $-1.62 |
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 | $118.5M |
| 总债务越低越好 | $5.4B | $332.5M |
| 股东权益账面价值 | $11.4B | $679.3M |
| 总资产 | $29.7B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资ADBEMEI
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $118.5M | ||
| Q3 25 | $5.9B | $121.1M | ||
| Q2 25 | $5.7B | $103.6M | ||
| Q1 25 | $7.4B | $103.8M | ||
| Q4 24 | $7.9B | $97.0M | ||
| Q3 24 | $7.5B | $111.3M | ||
| Q2 24 | $8.1B | $161.5M |
总债务ADBEMEI
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $332.5M | ||
| Q3 25 | $6.2B | $323.4M | ||
| Q2 25 | $6.2B | $317.6M | ||
| Q1 25 | $6.2B | $327.9M | ||
| Q4 24 | $4.1B | $340.6M | ||
| Q3 24 | $4.1B | $296.0M | ||
| Q2 24 | $4.1B | $330.9M |
股东权益ADBEMEI
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $679.3M | ||
| Q3 25 | $11.8B | $688.1M | ||
| Q2 25 | $11.4B | $693.3M | ||
| Q1 25 | $13.1B | $704.3M | ||
| Q4 24 | $14.1B | $738.3M | ||
| Q3 24 | $14.5B | $744.4M | ||
| Q2 24 | $14.8B | $766.0M |
总资产ADBEMEI
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $1.3B | ||
| Q3 25 | $28.8B | $1.3B | ||
| Q2 25 | $28.1B | $1.3B | ||
| Q1 25 | $30.0B | $1.3B | ||
| Q4 24 | $30.2B | $1.4B | ||
| Q3 24 | $29.8B | $1.4B | ||
| Q2 24 | $30.0B | $1.4B |
负债/权益比ADBEMEI
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | 0.49× | ||
| Q3 25 | 0.53× | 0.47× | ||
| Q2 25 | 0.54× | 0.46× | ||
| Q1 25 | 0.47× | 0.47× | ||
| Q4 24 | 0.29× | 0.46× | ||
| Q3 24 | 0.28× | 0.40× | ||
| Q2 24 | 0.28× | 0.43× |
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 | $-7.4M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $-11.6M |
| 自由现金流率自由现金流/营收 | 45.7% | -4.7% |
| 资本支出强度资本支出/营收 | 0.6% | 1.7% |
| 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 | $52.3M |
8季度趋势，按日历期对齐
经营现金流ADBEMEI
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $-7.4M | ||
| Q3 25 | $2.2B | $25.1M | ||
| Q2 25 | $2.2B | $35.4M | ||
| Q1 25 | $2.5B | $28.1M | ||
| Q4 24 | — | $-48.0M | ||
| Q3 24 | $2.0B | $10.9M | ||
| Q2 24 | $1.9B | $24.9M |
自由现金流ADBEMEI
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $-11.6M | ||
| Q3 25 | $2.1B | $18.0M | ||
| Q2 25 | $2.1B | $26.3M | ||
| Q1 25 | $2.5B | $19.6M | ||
| Q4 24 | — | $-58.4M | ||
| Q3 24 | $2.0B | $-2.7M | ||
| Q2 24 | $1.9B | $15.8M |
自由现金流率ADBEMEI
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | -4.7% | ||
| Q3 25 | 35.5% | 7.5% | ||
| Q2 25 | 36.5% | 10.2% | ||
| Q1 25 | 43.0% | 8.2% | ||
| Q4 24 | — | -20.0% | ||
| Q3 24 | 36.3% | -1.0% | ||
| Q2 24 | 35.8% | 5.7% |
资本支出强度ADBEMEI
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 1.7% | ||
| Q3 25 | 1.2% | 3.0% | ||
| Q2 25 | 0.8% | 3.5% | ||
| Q1 25 | 0.5% | 3.5% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | 1.1% | 5.3% | ||
| Q2 24 | 0.8% | 3.3% |
现金转化率ADBEMEI
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.30× | — | ||
| 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% |
MEI
暂无分部数据
