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奥多比（ADBE）与UNIVERSAL DISPLAY CORP \PA\（OLED）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UNIVERSAL DISPLAY CORP \PA\的37.0倍（$6.4B vs $172.9M）。UNIVERSAL DISPLAY CORP \PA\净利率更高（38.4% vs 29.5%，领先8.8%）。奥多比同比增速更快（12.0% vs 6.6%）。奥多比自由现金流更多（$2.9B vs $15.1M）。过去两年奥多比的营收复合增速更高（9.8% vs 2.3%）
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。
Universal Display Corporation（股票代码OLED）是有机发光二极管（OLED）技术及材料的研发与生产企业，拥有深厚的技术积累，面向显示、照明两大领域提供相关配套服务，是全球OLED上游产业链的核心供应商之一。
ADBE vs OLED — 直观对比
营收规模更大
ADBE
是对方的37.0倍
$172.9M
营收增速更快
ADBE
高出5.4%
6.6%
净利率更高
OLED
高出8.8%
29.5%
自由现金流更多
ADBE
多$2.9B
$15.1M
两年增速更快
ADBE
近两年复合增速
2.3%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $172.9M |
| 净利润 | $1.9B | $66.3M |
| 毛利率 | 89.6% | 76.1% |
| 营业利润率 | 37.8% | 38.9% |
| 净利率 | 29.5% | 38.4% |
| 营收同比 | 12.0% | 6.6% |
| 净利润同比 | 4.3% | 44.2% |
| 每股收益（稀释后） | $4.60 | $1.40 |
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ADBEOLED
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $172.9M | ||
| Q3 25 | $6.0B | $139.6M | ||
| Q2 25 | $5.9B | $171.8M | ||
| Q1 25 | $5.7B | $166.3M | ||
| Q4 24 | $5.6B | $162.3M | ||
| Q3 24 | $5.4B | $161.6M | ||
| Q2 24 | $5.3B | $158.5M |
净利润ADBEOLED
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $66.3M | ||
| Q3 25 | $1.8B | $44.0M | ||
| Q2 25 | $1.7B | $67.3M | ||
| Q1 25 | $1.8B | $64.4M | ||
| Q4 24 | $1.7B | $46.0M | ||
| Q3 24 | $1.7B | $66.9M | ||
| Q2 24 | $1.6B | $52.3M |
毛利率ADBEOLED
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 76.1% | ||
| Q3 25 | 89.3% | 74.6% | ||
| Q2 25 | 89.1% | 77.2% | ||
| Q1 25 | 89.1% | 77.1% | ||
| Q4 24 | 89.0% | 77.0% | ||
| Q3 24 | 89.8% | 77.8% | ||
| Q2 24 | 88.7% | 75.8% |
营业利润率ADBEOLED
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 38.9% | ||
| Q3 25 | 36.3% | 30.9% | ||
| Q2 25 | 35.9% | 39.9% | ||
| Q1 25 | 37.9% | 41.9% | ||
| Q4 24 | 34.9% | 32.3% | ||
| Q3 24 | 36.8% | 41.5% | ||
| Q2 24 | 35.5% | 35.6% |
净利率ADBEOLED
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 38.4% | ||
| Q3 25 | 29.6% | 31.5% | ||
| Q2 25 | 28.8% | 39.2% | ||
| Q1 25 | 31.7% | 38.8% | ||
| Q4 24 | 30.0% | 28.4% | ||
| Q3 24 | 31.1% | 41.4% | ||
| Q2 24 | 29.6% | 33.0% |
每股收益（稀释后）ADBEOLED
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $1.40 | ||
| Q3 25 | $4.18 | $0.92 | ||
| Q2 25 | $3.94 | $1.41 | ||
| Q1 25 | $4.14 | $1.35 | ||
| Q4 24 | $3.75 | $0.96 | ||
| Q3 24 | $3.76 | $1.40 | ||
| Q2 24 | $3.49 | $1.10 |
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 | $602.4M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $1.8B |
| 总资产 | $29.7B | $2.0B |
| 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ADBEOLED
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $602.4M | ||
| Q3 25 | $5.9B | $603.0M | ||
| Q2 25 | $5.7B | $525.2M | ||
| Q1 25 | $7.4B | $571.3M | ||
| Q4 24 | $7.9B | $492.7M | ||
| Q3 24 | $7.5B | $551.6M | ||
| Q2 24 | $8.1B | $530.5M |
总债务ADBEOLED
| 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ADBEOLED
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $1.8B | ||
| Q3 25 | $11.8B | $1.7B | ||
| Q2 25 | $11.4B | $1.7B | ||
| Q1 25 | $13.1B | $1.7B | ||
| Q4 24 | $14.1B | $1.6B | ||
| Q3 24 | $14.5B | $1.6B | ||
| Q2 24 | $14.8B | $1.5B |
总资产ADBEOLED
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $2.0B | ||
| Q3 25 | $28.8B | $1.9B | ||
| Q2 25 | $28.1B | $1.9B | ||
| Q1 25 | $30.0B | $1.9B | ||
| Q4 24 | $30.2B | $1.8B | ||
| Q3 24 | $29.8B | $1.8B | ||
| Q2 24 | $30.0B | $1.8B |
负债/权益比ADBEOLED
| 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 | $31.1M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $15.1M |
| 自由现金流率自由现金流/营收 | 45.7% | 8.7% |
| 资本支出强度资本支出/营收 | 0.6% | 9.3% |
| 现金转化率经营现金流/净利润 | 1.57× | 0.47× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $154.4M |
8季度趋势，按日历期对齐
经营现金流ADBEOLED
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $31.1M | ||
| Q3 25 | $2.2B | $97.2M | ||
| Q2 25 | $2.2B | $51.9M | ||
| Q1 25 | $2.5B | $30.6M | ||
| Q4 24 | — | $34.7M | ||
| Q3 24 | $2.0B | $79.9M | ||
| Q2 24 | $1.9B | $67.0M |
自由现金流ADBEOLED
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $15.1M | ||
| Q3 25 | $2.1B | $84.3M | ||
| Q2 25 | $2.1B | $37.5M | ||
| Q1 25 | $2.5B | $17.5M | ||
| Q4 24 | — | $22.0M | ||
| Q3 24 | $2.0B | $66.2M | ||
| Q2 24 | $1.9B | $57.9M |
自由现金流率ADBEOLED
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 8.7% | ||
| Q3 25 | 35.5% | 60.4% | ||
| Q2 25 | 36.5% | 21.8% | ||
| Q1 25 | 43.0% | 10.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 36.3% | 41.0% | ||
| Q2 24 | 35.8% | 36.5% |
资本支出强度ADBEOLED
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 9.3% | ||
| Q3 25 | 1.2% | 9.2% | ||
| Q2 25 | 0.8% | 8.4% | ||
| Q1 25 | 0.5% | 7.9% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 1.1% | 8.4% | ||
| Q2 24 | 0.8% | 5.8% |
现金转化率ADBEOLED
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 0.47× | ||
| Q3 25 | 1.24× | 2.21× | ||
| Q2 25 | 1.30× | 0.77× | ||
| Q1 25 | 1.37× | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | 1.20× | 1.19× | ||
| Q2 24 | 1.23× | 1.28× |
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% |
OLED
| Material Sales | $95.5M | 55% |
| Other | $72.6M | 42% |
| Contract Research Services | $4.8M | 3% |
