vs
奥多比（ADBE）与奥的斯（OTIS）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奥的斯的1.8倍（$6.4B vs $3.6B），奥多比净利率更高（29.5% vs 9.5%，领先20.0%），奥多比同比增速更快（12.0% vs 1.0%），奥多比自由现金流更多（$2.9B vs $380.0M），过去两年奥多比的营收复合增速更高（9.8% vs -0.5%）
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。
奥的斯（Otis Worldwide）是总部位于美国的知名垂直交通解决方案提供商，专业从事电梯、自动扶梯、自动人行道及相关配套设备的研发、生产与销售业务，产品覆盖全球各地区的商业楼宇、公共设施、住宅等多元场景。
ADBE vs OTIS — 直观对比
营收规模更大
ADBE
是对方的1.8倍
$3.6B
营收增速更快
ADBE
高出11.0%
1.0%
净利率更高
ADBE
高出20.0%
9.5%
自由现金流更多
ADBE
多$2.5B
$380.0M
两年增速更快
ADBE
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $3.6B |
| 净利润 | $1.9B | $340.0M |
| 毛利率 | 89.6% | — |
| 营业利润率 | 37.8% | 15.1% |
| 净利率 | 29.5% | 9.5% |
| 营收同比 | 12.0% | 1.0% |
| 净利润同比 | 4.3% | 750.0% |
| 每股收益（稀释后） | $4.60 | $0.87 |
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ADBEOTIS
| Q1 26 | $6.4B | $3.6B | ||
| Q4 25 | $6.2B | $3.8B | ||
| Q3 25 | $6.0B | $3.7B | ||
| Q2 25 | $5.9B | $3.6B | ||
| Q1 25 | $5.7B | $3.4B | ||
| Q4 24 | $5.6B | $3.7B | ||
| Q3 24 | $5.4B | $3.5B | ||
| Q2 24 | $5.3B | $3.6B |
净利润ADBEOTIS
| Q1 26 | $1.9B | $340.0M | ||
| Q4 25 | $1.9B | $374.0M | ||
| Q3 25 | $1.8B | $374.0M | ||
| Q2 25 | $1.7B | $393.0M | ||
| Q1 25 | $1.8B | $243.0M | ||
| Q4 24 | $1.7B | $337.0M | ||
| Q3 24 | $1.7B | $540.0M | ||
| Q2 24 | $1.6B | $415.0M |
毛利率ADBEOTIS
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | — | ||
| Q3 25 | 89.3% | — | ||
| Q2 25 | 89.1% | — | ||
| Q1 25 | 89.1% | — | ||
| Q4 24 | 89.0% | — | ||
| Q3 24 | 89.8% | — | ||
| Q2 24 | 88.7% | — |
营业利润率ADBEOTIS
| Q1 26 | 37.8% | 15.1% | ||
| Q4 25 | 36.5% | 15.5% | ||
| Q3 25 | 36.3% | 15.9% | ||
| Q2 25 | 35.9% | 15.2% | ||
| Q1 25 | 37.9% | 12.3% | ||
| Q4 24 | 34.9% | 14.4% | ||
| Q3 24 | 36.8% | 10.2% | ||
| Q2 24 | 35.5% | 15.8% |
净利率ADBEOTIS
| Q1 26 | 29.5% | 9.5% | ||
| Q4 25 | 30.0% | 9.9% | ||
| Q3 25 | 29.6% | 10.1% | ||
| Q2 25 | 28.8% | 10.9% | ||
| Q1 25 | 31.7% | 7.3% | ||
| Q4 24 | 30.0% | 9.2% | ||
| Q3 24 | 31.1% | 15.2% | ||
| Q2 24 | 29.6% | 11.5% |
每股收益（稀释后）ADBEOTIS
| Q1 26 | $4.60 | $0.87 | ||
| Q4 25 | $4.44 | $0.95 | ||
| Q3 25 | $4.18 | $0.95 | ||
| Q2 25 | $3.94 | $0.99 | ||
| Q1 25 | $4.14 | $0.61 | ||
| Q4 24 | $3.75 | $0.85 | ||
| Q3 24 | $3.76 | $1.34 | ||
| Q2 24 | $3.49 | $1.02 |
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 | $834.0M |
| 总债务越低越好 | $5.4B | $6.9B |
| 股东权益账面价值 | $11.4B | — |
| 总资产 | $29.7B | $10.5B |
| 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ADBEOTIS
| Q1 26 | $6.9B | $834.0M | ||
| Q4 25 | $6.6B | $1.1B | ||
| Q3 25 | $5.9B | $840.0M | ||
| Q2 25 | $5.7B | $688.0M | ||
| Q1 25 | $7.4B | $1.9B | ||
| Q4 24 | $7.9B | $2.3B | ||
| Q3 24 | $7.5B | $827.0M | ||
| Q2 24 | $8.1B | $942.0M |
总债务ADBEOTIS
| Q1 26 | $5.4B | $6.9B | ||
| Q4 25 | $6.2B | $7.8B | ||
| Q3 25 | $6.2B | $7.7B | ||
| Q2 25 | $6.2B | $7.2B | ||
| Q1 25 | $6.2B | $8.4B | ||
| Q4 24 | $4.1B | $8.3B | ||
| Q3 24 | $4.1B | $6.9B | ||
| Q2 24 | $4.1B | $6.8B |
股东权益ADBEOTIS
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $-5.4B | ||
| Q3 25 | $11.8B | $-5.4B | ||
| Q2 25 | $11.4B | $-5.4B | ||
| Q1 25 | $13.1B | $-5.1B | ||
| Q4 24 | $14.1B | $-4.8B | ||
| Q3 24 | $14.5B | $-4.9B | ||
| Q2 24 | $14.8B | $-5.0B |
总资产ADBEOTIS
| Q1 26 | $29.7B | $10.5B | ||
| Q4 25 | $29.5B | $10.7B | ||
| Q3 25 | $28.8B | $10.8B | ||
| Q2 25 | $28.1B | $10.5B | ||
| Q1 25 | $30.0B | $11.2B | ||
| Q4 24 | $30.2B | $11.3B | ||
| Q3 24 | $29.8B | $10.3B | ||
| Q2 24 | $30.0B | $9.9B |
负债/权益比ADBEOTIS
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $380.0M |
| 自由现金流率自由现金流/营收 | 45.7% | 10.7% |
| 资本支出强度资本支出/营收 | 0.6% | 0.9% |
| 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 | $1.7B |
8季度趋势，按日历期对齐
经营现金流ADBEOTIS
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $817.0M | ||
| Q3 25 | $2.2B | $374.0M | ||
| Q2 25 | $2.2B | $215.0M | ||
| Q1 25 | $2.5B | $190.0M | ||
| Q4 24 | — | $690.0M | ||
| Q3 24 | $2.0B | $394.0M | ||
| Q2 24 | $1.9B | $308.0M |
自由现金流ADBEOTIS
| Q1 26 | $2.9B | $380.0M | ||
| Q4 25 | $3.1B | $772.0M | ||
| Q3 25 | $2.1B | $337.0M | ||
| Q2 25 | $2.1B | $179.0M | ||
| Q1 25 | $2.5B | $156.0M | ||
| Q4 24 | — | $651.0M | ||
| Q3 24 | $2.0B | $362.0M | ||
| Q2 24 | $1.9B | $284.0M |
自由现金流率ADBEOTIS
| Q1 26 | 45.7% | 10.7% | ||
| Q4 25 | 50.5% | 20.3% | ||
| Q3 25 | 35.5% | 9.1% | ||
| Q2 25 | 36.5% | 5.0% | ||
| Q1 25 | 43.0% | 4.7% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | 36.3% | 10.2% | ||
| Q2 24 | 35.8% | 7.9% |
资本支出强度ADBEOTIS
| Q1 26 | 0.6% | 0.9% | ||
| Q4 25 | 0.5% | 1.2% | ||
| Q3 25 | 1.2% | 1.0% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | 0.5% | 1.0% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 1.1% | 0.9% | ||
| Q2 24 | 0.8% | 0.7% |
现金转化率ADBEOTIS
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 2.18× | ||
| Q3 25 | 1.24× | 1.00× | ||
| Q2 25 | 1.30× | 0.55× | ||
| Q1 25 | 1.37× | 0.78× | ||
| Q4 24 | — | 2.05× | ||
| Q3 24 | 1.20× | 0.73× | ||
| Q2 24 | 1.23× | 0.74× |
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% |
OTIS
| Service | $2.2B | 61% |
| New Equipment | $1.1B | 32% |
| Other | $230.0M | 6% |
