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奥多比（ADBE）与帕兰提尔科技（PLTR）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帕兰提尔科技的4.5倍（$6.4B vs $1.4B），帕兰提尔科技净利率更高（43.3% vs 29.5%，领先13.7%），帕兰提尔科技同比增速更快（70.0% vs 12.0%），奥多比自由现金流更多（$2.9B vs $764.0M），过去两年帕兰提尔科技的营收复合增速更高（48.9% 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。
帕兰提尔科技是美国上市企业，专注研发数据集成与分析平台，为政府机构、军方及各行业企业提供多源数据整合分析能力。旗下核心产品Gotham与Foundry可打通相互孤立的数据库，广泛支撑情报作业、反恐分析、执法工作及企业级数据分析场景。
ADBE vs PLTR — 直观对比
营收规模更大
ADBE
是对方的4.5倍
$1.4B
营收增速更快
PLTR
高出58.0%
12.0%
净利率更高
PLTR
高出13.7%
29.5%
自由现金流更多
ADBE
多$2.2B
$764.0M
两年增速更快
PLTR
近两年复合增速
9.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $1.4B |
| 净利润 | $1.9B | $608.7M |
| 毛利率 | 89.6% | 84.6% |
| 营业利润率 | 37.8% | 40.9% |
| 净利率 | 29.5% | 43.3% |
| 营收同比 | 12.0% | 70.0% |
| 净利润同比 | 4.3% | 670.4% |
| 每股收益（稀释后） | $4.60 | $0.24 |
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ADBEPLTR
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $1.4B | ||
| Q3 25 | $6.0B | $1.2B | ||
| Q2 25 | $5.9B | $1.0B | ||
| Q1 25 | $5.7B | $883.9M | ||
| Q4 24 | $5.6B | $827.5M | ||
| Q3 24 | $5.4B | $725.5M | ||
| Q2 24 | $5.3B | $678.1M |
净利润ADBEPLTR
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $608.7M | ||
| Q3 25 | $1.8B | $475.6M | ||
| Q2 25 | $1.7B | $326.7M | ||
| Q1 25 | $1.8B | $214.0M | ||
| Q4 24 | $1.7B | $79.0M | ||
| Q3 24 | $1.7B | $143.5M | ||
| Q2 24 | $1.6B | $134.1M |
毛利率ADBEPLTR
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 84.6% | ||
| Q3 25 | 89.3% | 82.4% | ||
| Q2 25 | 89.1% | 80.8% | ||
| Q1 25 | 89.1% | 80.4% | ||
| Q4 24 | 89.0% | 78.9% | ||
| Q3 24 | 89.8% | 79.8% | ||
| Q2 24 | 88.7% | 81.0% |
营业利润率ADBEPLTR
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 40.9% | ||
| Q3 25 | 36.3% | 33.3% | ||
| Q2 25 | 35.9% | 26.8% | ||
| Q1 25 | 37.9% | 19.9% | ||
| Q4 24 | 34.9% | 1.3% | ||
| Q3 24 | 36.8% | 15.6% | ||
| Q2 24 | 35.5% | 15.5% |
净利率ADBEPLTR
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 43.3% | ||
| Q3 25 | 29.6% | 40.3% | ||
| Q2 25 | 28.8% | 32.6% | ||
| Q1 25 | 31.7% | 24.2% | ||
| Q4 24 | 30.0% | 9.5% | ||
| Q3 24 | 31.1% | 19.8% | ||
| Q2 24 | 29.6% | 19.8% |
每股收益（稀释后）ADBEPLTR
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $0.24 | ||
| Q3 25 | $4.18 | $0.18 | ||
| Q2 25 | $3.94 | $0.13 | ||
| Q1 25 | $4.14 | $0.08 | ||
| Q4 24 | $3.75 | $0.03 | ||
| Q3 24 | $3.76 | $0.06 | ||
| Q2 24 | $3.49 | $0.06 |
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 | $7.2B |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $7.4B |
| 总资产 | $29.7B | $8.9B |
| 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ADBEPLTR
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $7.2B | ||
| Q3 25 | $5.9B | $6.4B | ||
| Q2 25 | $5.7B | $6.0B | ||
| Q1 25 | $7.4B | $5.4B | ||
| Q4 24 | $7.9B | $5.2B | ||
| Q3 24 | $7.5B | $4.6B | ||
| Q2 24 | $8.1B | $4.0B |
总债务ADBEPLTR
| 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ADBEPLTR
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $7.4B | ||
| Q3 25 | $11.8B | $6.6B | ||
| Q2 25 | $11.4B | $5.9B | ||
| Q1 25 | $13.1B | $5.4B | ||
| Q4 24 | $14.1B | $5.0B | ||
| Q3 24 | $14.5B | $4.5B | ||
| Q2 24 | $14.8B | $4.1B |
总资产ADBEPLTR
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $8.9B | ||
| Q3 25 | $28.8B | $8.1B | ||
| Q2 25 | $28.1B | $7.4B | ||
| Q1 25 | $30.0B | $6.7B | ||
| Q4 24 | $30.2B | $6.3B | ||
| Q3 24 | $29.8B | $5.8B | ||
| Q2 24 | $30.0B | $5.2B |
负债/权益比ADBEPLTR
| 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 | $777.3M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $764.0M |
| 自由现金流率自由现金流/营收 | 45.7% | 54.3% |
| 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× | 1.28× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $2.1B |
8季度趋势，按日历期对齐
经营现金流ADBEPLTR
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $777.3M | ||
| Q3 25 | $2.2B | $507.7M | ||
| Q2 25 | $2.2B | $539.3M | ||
| Q1 25 | $2.5B | $310.3M | ||
| Q4 24 | — | $460.3M | ||
| Q3 24 | $2.0B | $419.8M | ||
| Q2 24 | $1.9B | $144.2M |
自由现金流ADBEPLTR
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $764.0M | ||
| Q3 25 | $2.1B | $500.9M | ||
| Q2 25 | $2.1B | $531.6M | ||
| Q1 25 | $2.5B | $304.1M | ||
| Q4 24 | — | $457.2M | ||
| Q3 24 | $2.0B | $415.8M | ||
| Q2 24 | $1.9B | $141.3M |
自由现金流率ADBEPLTR
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 54.3% | ||
| Q3 25 | 35.5% | 42.4% | ||
| Q2 25 | 36.5% | 53.0% | ||
| Q1 25 | 43.0% | 34.4% | ||
| Q4 24 | — | 55.3% | ||
| Q3 24 | 36.3% | 57.3% | ||
| Q2 24 | 35.8% | 20.8% |
资本支出强度ADBEPLTR
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 0.9% | ||
| Q3 25 | 1.2% | 0.6% | ||
| Q2 25 | 0.8% | 0.8% | ||
| Q1 25 | 0.5% | 0.7% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 1.1% | 0.5% | ||
| Q2 24 | 0.8% | 0.4% |
现金转化率ADBEPLTR
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 1.28× | ||
| Q3 25 | 1.24× | 1.07× | ||
| Q2 25 | 1.30× | 1.65× | ||
| Q1 25 | 1.37× | 1.45× | ||
| Q4 24 | — | 5.83× | ||
| Q3 24 | 1.20× | 2.92× | ||
| Q2 24 | 1.23× | 1.08× |
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% |
PLTR
| Geographic Concentration Risk | $1.1B | 77% |
| Other | $330.4M | 23% |
