vs
奥多比（ADBE）与nCino, Inc.（NCNO）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nCino, Inc.的42.0倍（$6.4B vs $152.2M），奥多比净利率更高（29.5% vs 4.3%，领先25.2%），奥多比同比增速更快（12.0% vs 9.6%），奥多比自由现金流更多（$2.9B vs $4.9M），过去两年nCino, Inc.的营收复合增速更高（10.9% vs 9.8%）
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。
nCino, Inc.是一家总部位于美国北卡罗来纳州威尔明顿的全球金融科技企业，专注于提供云原生银行软件与核心银行平台，服务覆盖银行、信用合作社及各类大型金融机构，助力金融机构实现数字化运营升级。
ADBE vs NCNO — 直观对比
营收规模更大
ADBE
是对方的42.0倍
$152.2M
营收增速更快
ADBE
高出2.3%
9.6%
净利率更高
ADBE
高出25.2%
4.3%
自由现金流更多
ADBE
多$2.9B
$4.9M
两年增速更快
NCNO
近两年复合增速
9.8%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $152.2M |
| 净利润 | $1.9B | $6.5M |
| 毛利率 | 89.6% | 61.6% |
| 营业利润率 | 37.8% | 7.7% |
| 净利率 | 29.5% | 4.3% |
| 营收同比 | 12.0% | 9.6% |
| 净利润同比 | 4.3% | 224.5% |
| 每股收益（稀释后） | $4.60 | $0.06 |
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ADBENCNO
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $152.2M | ||
| Q3 25 | $6.0B | $148.8M | ||
| Q2 25 | $5.9B | $144.1M | ||
| Q1 25 | $5.7B | $141.4M | ||
| Q4 24 | $5.6B | $138.8M | ||
| Q3 24 | $5.4B | $132.4M | ||
| Q2 24 | $5.3B | $128.1M |
净利润ADBENCNO
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $6.5M | ||
| Q3 25 | $1.8B | $-15.3M | ||
| Q2 25 | $1.7B | $5.6M | ||
| Q1 25 | $1.8B | $-18.6M | ||
| Q4 24 | $1.7B | $-5.3M | ||
| Q3 24 | $1.7B | $-11.0M | ||
| Q2 24 | $1.6B | $-3.0M |
毛利率ADBENCNO
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 61.6% | ||
| Q3 25 | 89.3% | 59.2% | ||
| Q2 25 | 89.1% | 60.0% | ||
| Q1 25 | 89.1% | 59.7% | ||
| Q4 24 | 89.0% | 61.3% | ||
| Q3 24 | 89.8% | 59.3% | ||
| Q2 24 | 88.7% | 60.0% |
营业利润率ADBENCNO
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 7.7% | ||
| Q3 25 | 36.3% | -6.2% | ||
| Q2 25 | 35.9% | -1.0% | ||
| Q1 25 | 37.9% | -4.1% | ||
| Q4 24 | 34.9% | -0.6% | ||
| Q3 24 | 36.8% | -6.0% | ||
| Q2 24 | 35.5% | -2.9% |
净利率ADBENCNO
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 4.3% | ||
| Q3 25 | 29.6% | -10.3% | ||
| Q2 25 | 28.8% | 3.9% | ||
| Q1 25 | 31.7% | -13.2% | ||
| Q4 24 | 30.0% | -3.8% | ||
| Q3 24 | 31.1% | -8.3% | ||
| Q2 24 | 29.6% | -2.3% |
每股收益（稀释后）ADBENCNO
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $0.06 | ||
| Q3 25 | $4.18 | $-0.13 | ||
| Q2 25 | $3.94 | $0.05 | ||
| Q1 25 | $4.14 | $-0.15 | ||
| Q4 24 | $3.75 | $-0.05 | ||
| Q3 24 | $3.76 | $-0.10 | ||
| Q2 24 | $3.49 | $-0.03 |
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 | $87.6M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $1.0B |
| 总资产 | $29.7B | $1.6B |
| 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ADBENCNO
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $87.6M | ||
| Q3 25 | $5.9B | $122.9M | ||
| Q2 25 | $5.7B | $133.2M | ||
| Q1 25 | $7.4B | $120.9M | ||
| Q4 24 | $7.9B | $257.9M | ||
| Q3 24 | $7.5B | $121.4M | ||
| Q2 24 | $8.1B | $129.5M |
总债务ADBENCNO
| 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ADBENCNO
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $1.0B | ||
| Q3 25 | $11.8B | $1.1B | ||
| Q2 25 | $11.4B | $1.1B | ||
| Q1 25 | $13.1B | $1.1B | ||
| Q4 24 | $14.1B | $1.1B | ||
| Q3 24 | $14.5B | $1.1B | ||
| Q2 24 | $14.8B | $1.1B |
总资产ADBENCNO
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $1.6B | ||
| Q3 25 | $28.8B | $1.6B | ||
| Q2 25 | $28.1B | $1.7B | ||
| Q1 25 | $30.0B | $1.6B | ||
| Q4 24 | $30.2B | $1.5B | ||
| Q3 24 | $29.8B | $1.4B | ||
| Q2 24 | $30.0B | $1.4B |
负债/权益比ADBENCNO
| 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 | $5.1M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $4.9M |
| 自由现金流率自由现金流/营收 | 45.7% | 3.2% |
| 资本支出强度资本支出/营收 | 0.6% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.57× | 0.78× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $59.7M |
8季度趋势，按日历期对齐
经营现金流ADBENCNO
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $5.1M | ||
| Q3 25 | $2.2B | $17.7M | ||
| Q2 25 | $2.2B | $54.3M | ||
| Q1 25 | $2.5B | $-10.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $2.0B | $5.0M | ||
| Q2 24 | $1.9B | $54.4M |
自由现金流ADBENCNO
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $4.9M | ||
| Q3 25 | $2.1B | $12.6M | ||
| Q2 25 | $2.1B | $52.6M | ||
| Q1 25 | $2.5B | $-10.4M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | $2.0B | $4.6M | ||
| Q2 24 | $1.9B | $54.1M |
自由现金流率ADBENCNO
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 3.2% | ||
| Q3 25 | 35.5% | 8.5% | ||
| Q2 25 | 36.5% | 36.5% | ||
| Q1 25 | 43.0% | -7.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 36.3% | 3.4% | ||
| Q2 24 | 35.8% | 42.2% |
资本支出强度ADBENCNO
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 1.2% | 3.5% | ||
| Q2 25 | 0.8% | 1.2% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 1.1% | 0.3% | ||
| Q2 24 | 0.8% | 0.3% |
现金转化率ADBENCNO
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 0.78× | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.30× | 9.77× | ||
| 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% |
NCNO
| License And Service | $133.4M | 88% |
| Professional Services | $18.8M | 12% |
