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奥多比（ADBE）与Thermon Group Holdings, Inc.（THR）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Thermon Group Holdings, Inc.的43.4倍（$6.4B vs $147.3M）。奥多比净利率更高（29.5% vs 12.4%，领先17.1%）。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 $13.1M）
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。
Thermon Group Holdings是全球专业热管理解决方案供应商，主打伴热系统、加热电缆、温控监测设备及相关安装支持服务，服务油气、化工、发电、食品饮料等核心工业领域，业务覆盖北美、欧洲、亚太、拉美等全球主要市场。
ADBE vs THR — 直观对比
营收规模更大
ADBE
是对方的43.4倍
$147.3M
营收增速更快
ADBE
高出2.3%
9.6%
净利率更高
ADBE
高出17.1%
12.4%
自由现金流更多
ADBE
多$2.9B
$13.1M
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $147.3M |
| 净利润 | $1.9B | $18.3M |
| 毛利率 | 89.6% | 46.6% |
| 营业利润率 | 37.8% | 18.1% |
| 净利率 | 29.5% | 12.4% |
| 营收同比 | 12.0% | 9.6% |
| 净利润同比 | 4.3% | -1.3% |
| 每股收益（稀释后） | $4.60 | $0.55 |
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ADBETHR
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $147.3M | ||
| Q3 25 | $6.0B | $131.7M | ||
| Q2 25 | $5.9B | $108.9M | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.3B | — |
净利润ADBETHR
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $18.3M | ||
| Q3 25 | $1.8B | $15.0M | ||
| Q2 25 | $1.7B | $8.6M | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.6B | — |
毛利率ADBETHR
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 46.6% | ||
| Q3 25 | 89.3% | 46.4% | ||
| Q2 25 | 89.1% | 44.1% | ||
| Q1 25 | 89.1% | — | ||
| Q4 24 | 89.0% | — | ||
| Q3 24 | 89.8% | — | ||
| Q2 24 | 88.7% | — |
营业利润率ADBETHR
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 18.1% | ||
| Q3 25 | 36.3% | 16.4% | ||
| Q2 25 | 35.9% | 10.8% | ||
| Q1 25 | 37.9% | — | ||
| Q4 24 | 34.9% | — | ||
| Q3 24 | 36.8% | — | ||
| Q2 24 | 35.5% | — |
净利率ADBETHR
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 12.4% | ||
| Q3 25 | 29.6% | 11.4% | ||
| Q2 25 | 28.8% | 7.9% | ||
| Q1 25 | 31.7% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 31.1% | — | ||
| Q2 24 | 29.6% | — |
每股收益（稀释后）ADBETHR
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $0.55 | ||
| Q3 25 | $4.18 | $0.45 | ||
| Q2 25 | $3.94 | $0.26 | ||
| Q1 25 | $4.14 | — | ||
| Q4 24 | $3.75 | — | ||
| Q3 24 | $3.76 | — | ||
| 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 | $46.9M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $538.7M |
| 总资产 | $29.7B | $816.7M |
| 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ADBETHR
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $46.9M | ||
| Q3 25 | $5.9B | $29.7M | ||
| Q2 25 | $5.7B | $36.5M | ||
| Q1 25 | $7.4B | — | ||
| Q4 24 | $7.9B | — | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $8.1B | — |
总债务ADBETHR
| 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ADBETHR
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $538.7M | ||
| Q3 25 | $11.8B | $515.2M | ||
| Q2 25 | $11.4B | $509.3M | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $14.1B | — | ||
| Q3 24 | $14.5B | — | ||
| Q2 24 | $14.8B | — |
总资产ADBETHR
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $816.7M | ||
| Q3 25 | $28.8B | $778.2M | ||
| Q2 25 | $28.1B | $765.3M | ||
| Q1 25 | $30.0B | — | ||
| Q4 24 | $30.2B | — | ||
| Q3 24 | $29.8B | — | ||
| Q2 24 | $30.0B | — |
负债/权益比ADBETHR
| 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 | $18.0M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $13.1M |
| 自由现金流率自由现金流/营收 | 45.7% | 8.9% |
| 资本支出强度资本支出/营收 | 0.6% | 3.3% |
| 现金转化率经营现金流/净利润 | 1.57× | 0.98× |
| 过去12个月自由现金流最近4个季度 | $10.3B | — |
8季度趋势，按日历期对齐
经营现金流ADBETHR
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $18.0M | ||
| Q3 25 | $2.2B | $7.4M | ||
| Q2 25 | $2.2B | $10.7M | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
自由现金流ADBETHR
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $13.1M | ||
| Q3 25 | $2.1B | $4.4M | ||
| Q2 25 | $2.1B | $8.3M | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
自由现金流率ADBETHR
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 8.9% | ||
| Q3 25 | 35.5% | 3.3% | ||
| Q2 25 | 36.5% | 7.6% | ||
| Q1 25 | 43.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.3% | — | ||
| Q2 24 | 35.8% | — |
资本支出强度ADBETHR
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 3.3% | ||
| Q3 25 | 1.2% | 2.3% | ||
| Q2 25 | 0.8% | 2.2% | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 0.8% | — |
现金转化率ADBETHR
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 0.98× | ||
| Q3 25 | 1.24× | 0.50× | ||
| Q2 25 | 1.30× | 1.25× | ||
| 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% |
THR
| Other | $73.7M | 50% |
| Transferred At Point In Time | $56.1M | 38% |
| Transferred Over Time | $17.5M | 12% |
