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奥多比（ADBE）与Atlassian Corp（TEAM）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Atlassian Corp的4.0倍（$6.4B vs $1.6B），奥多比净利率更高（29.5% vs -2.7%，领先32.2%），Atlassian Corp同比增速更快（23.3% vs 12.0%），奥多比自由现金流更多（$2.9B vs $168.5M）
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。
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
ADBE vs TEAM — 直观对比
营收规模更大
ADBE
是对方的4.0倍
$1.6B
营收增速更快
TEAM
高出11.3%
12.0%
净利率更高
ADBE
高出32.2%
-2.7%
自由现金流更多
ADBE
多$2.8B
$168.5M
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $1.6B |
| 净利润 | $1.9B | $-42.6M |
| 毛利率 | 89.6% | 85.0% |
| 营业利润率 | 37.8% | -3.0% |
| 净利率 | 29.5% | -2.7% |
| 营收同比 | 12.0% | 23.3% |
| 净利润同比 | 4.3% | -11.6% |
| 每股收益（稀释后） | $4.60 | $-0.16 |
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ADBETEAM
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $1.6B | ||
| Q3 25 | $6.0B | $1.4B | ||
| Q2 25 | $5.9B | $1.4B | ||
| Q1 25 | $5.7B | $1.4B | ||
| Q4 24 | $5.6B | $1.3B | ||
| Q3 24 | $5.4B | $1.2B | ||
| Q2 24 | $5.3B | — |
净利润ADBETEAM
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $-42.6M | ||
| Q3 25 | $1.8B | $-51.9M | ||
| Q2 25 | $1.7B | $-23.9M | ||
| Q1 25 | $1.8B | $-70.8M | ||
| Q4 24 | $1.7B | $-38.2M | ||
| Q3 24 | $1.7B | $-123.8M | ||
| Q2 24 | $1.6B | — |
毛利率ADBETEAM
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 85.0% | ||
| Q3 25 | 89.3% | 82.0% | ||
| Q2 25 | 89.1% | 83.1% | ||
| Q1 25 | 89.1% | 83.8% | ||
| Q4 24 | 89.0% | 82.7% | ||
| Q3 24 | 89.8% | 81.7% | ||
| Q2 24 | 88.7% | — |
营业利润率ADBETEAM
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | -3.0% | ||
| Q3 25 | 36.3% | -6.7% | ||
| Q2 25 | 35.9% | -2.1% | ||
| Q1 25 | 37.9% | -0.9% | ||
| Q4 24 | 34.9% | -4.5% | ||
| Q3 24 | 36.8% | -2.7% | ||
| Q2 24 | 35.5% | — |
净利率ADBETEAM
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | -2.7% | ||
| Q3 25 | 29.6% | -3.6% | ||
| Q2 25 | 28.8% | -1.7% | ||
| Q1 25 | 31.7% | -5.2% | ||
| Q4 24 | 30.0% | -3.0% | ||
| Q3 24 | 31.1% | -10.4% | ||
| Q2 24 | 29.6% | — |
每股收益（稀释后）ADBETEAM
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $-0.16 | ||
| Q3 25 | $4.18 | $-0.20 | ||
| Q2 25 | $3.94 | $-0.08 | ||
| Q1 25 | $4.14 | $-0.27 | ||
| Q4 24 | $3.75 | $-0.15 | ||
| Q3 24 | $3.76 | $-0.48 | ||
| Q2 24 | $3.49 | — |
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 | $1.6B |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $1.6B |
| 总资产 | $29.7B | $6.2B |
| 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ADBETEAM
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $1.6B | ||
| Q3 25 | $5.9B | $2.8B | ||
| Q2 25 | $5.7B | $2.9B | ||
| Q1 25 | $7.4B | $3.0B | ||
| Q4 24 | $7.9B | $2.5B | ||
| Q3 24 | $7.5B | $2.2B | ||
| Q2 24 | $8.1B | — |
总债务ADBETEAM
| 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ADBETEAM
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $1.6B | ||
| Q3 25 | $11.8B | $1.4B | ||
| Q2 25 | $11.4B | $1.3B | ||
| Q1 25 | $13.1B | $1.4B | ||
| Q4 24 | $14.1B | $1.2B | ||
| Q3 24 | $14.5B | $1.0B | ||
| Q2 24 | $14.8B | — |
总资产ADBETEAM
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $6.2B | ||
| Q3 25 | $28.8B | $5.7B | ||
| Q2 25 | $28.1B | $6.0B | ||
| Q1 25 | $30.0B | $5.9B | ||
| Q4 24 | $30.2B | $5.4B | ||
| Q3 24 | $29.8B | $5.0B | ||
| Q2 24 | $30.0B | — |
负债/权益比ADBETEAM
| 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 | $177.8M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $168.5M |
| 自由现金流率自由现金流/营收 | 45.7% | 10.6% |
| 资本支出强度资本支出/营收 | 0.6% | 0.6% |
| 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 | $1.3B |
8季度趋势，按日历期对齐
经营现金流ADBETEAM
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $177.8M | ||
| Q3 25 | $2.2B | $128.7M | ||
| Q2 25 | $2.2B | $375.3M | ||
| Q1 25 | $2.5B | $652.7M | ||
| Q4 24 | — | $351.9M | ||
| Q3 24 | $2.0B | $80.5M | ||
| Q2 24 | $1.9B | — |
自由现金流ADBETEAM
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $168.5M | ||
| Q3 25 | $2.1B | $114.6M | ||
| Q2 25 | $2.1B | $360.3M | ||
| Q1 25 | $2.5B | $638.3M | ||
| Q4 24 | — | $342.6M | ||
| Q3 24 | $2.0B | $74.3M | ||
| Q2 24 | $1.9B | — |
自由现金流率ADBETEAM
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 10.6% | ||
| Q3 25 | 35.5% | 8.0% | ||
| Q2 25 | 36.5% | 26.0% | ||
| Q1 25 | 43.0% | 47.0% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | 36.3% | 6.3% | ||
| Q2 24 | 35.8% | — |
资本支出强度ADBETEAM
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 0.6% | ||
| Q3 25 | 1.2% | 1.0% | ||
| Q2 25 | 0.8% | 1.1% | ||
| Q1 25 | 0.5% | 1.1% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 1.1% | 0.5% | ||
| Q2 24 | 0.8% | — |
现金转化率ADBETEAM
| 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% |
TEAM
| Cloud Deployment Services | $1.1B | 67% |
| Data Center Deployment | $435.6M | 27% |
| Marketplace And Services Deployment | $83.7M | 5% |
