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奥多比（ADBE）与Woodward, Inc.（WWD）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Woodward, Inc.的6.4倍（$6.4B vs $996.5M）。奥多比净利率更高（29.5% vs 13.4%，领先16.1%）。Woodward, Inc.同比增速更快（29.0% vs 12.0%）。奥多比自由现金流更多（$2.9B vs $70.3M）。过去两年奥多比的营收复合增速更高（9.8% vs 9.2%）
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。
伍德沃德（Woodward, Inc.）是美国的控制系统及组件供应商，业务涵盖产品设计、制造与全链条服务，产品广泛应用于飞机、航空发动机、工业发动机与轮机、发电及移动工业设备领域，同时为国防领域供应军用装置及其他配套设备。
ADBE vs WWD — 直观对比
营收规模更大
ADBE
是对方的6.4倍
$996.5M
营收增速更快
WWD
高出17.0%
12.0%
净利率更高
ADBE
高出16.1%
13.4%
自由现金流更多
ADBE
多$2.9B
$70.3M
两年增速更快
ADBE
近两年复合增速
9.2%
损益表 — Q1 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $996.5M |
| 净利润 | $1.9B | $133.7M |
| 毛利率 | 89.6% | 29.3% |
| 营业利润率 | 37.8% | 17.0% |
| 净利率 | 29.5% | 13.4% |
| 营收同比 | 12.0% | 29.0% |
| 净利润同比 | 4.3% | 53.5% |
| 每股收益（稀释后） | $4.60 | $2.17 |
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ADBEWWD
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $996.5M | ||
| Q3 25 | $6.0B | $995.3M | ||
| Q2 25 | $5.9B | $915.4M | ||
| Q1 25 | $5.7B | $883.6M | ||
| Q4 24 | $5.6B | $772.7M | ||
| Q3 24 | $5.4B | $854.5M | ||
| Q2 24 | $5.3B | $847.7M |
净利润ADBEWWD
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $133.7M | ||
| Q3 25 | $1.8B | $137.6M | ||
| Q2 25 | $1.7B | $108.4M | ||
| Q1 25 | $1.8B | $108.9M | ||
| Q4 24 | $1.7B | $87.1M | ||
| Q3 24 | $1.7B | $83.3M | ||
| Q2 24 | $1.6B | $102.1M |
毛利率ADBEWWD
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 29.3% | ||
| Q3 25 | 89.3% | 27.9% | ||
| Q2 25 | 89.1% | 27.2% | ||
| Q1 25 | 89.1% | 27.2% | ||
| Q4 24 | 89.0% | 24.5% | ||
| Q3 24 | 89.8% | 24.3% | ||
| Q2 24 | 88.7% | 27.1% |
营业利润率ADBEWWD
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 17.0% | ||
| Q3 25 | 36.3% | 16.1% | ||
| Q2 25 | 35.9% | 13.9% | ||
| Q1 25 | 37.9% | 15.0% | ||
| Q4 24 | 34.9% | 13.2% | ||
| Q3 24 | 36.8% | 11.9% | ||
| Q2 24 | 35.5% | 14.4% |
净利率ADBEWWD
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 13.4% | ||
| Q3 25 | 29.6% | 13.8% | ||
| Q2 25 | 28.8% | 11.8% | ||
| Q1 25 | 31.7% | 12.3% | ||
| Q4 24 | 30.0% | 11.3% | ||
| Q3 24 | 31.1% | 9.7% | ||
| Q2 24 | 29.6% | 12.0% |
每股收益（稀释后）ADBEWWD
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $2.17 | ||
| Q3 25 | $4.18 | $2.23 | ||
| Q2 25 | $3.94 | $1.76 | ||
| Q1 25 | $4.14 | $1.78 | ||
| Q4 24 | $3.75 | $1.42 | ||
| Q3 24 | $3.76 | $1.36 | ||
| Q2 24 | $3.49 | $1.63 |
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 | $454.2M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $11.4B | $2.6B |
| 总资产 | $29.7B | $4.7B |
| 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ADBEWWD
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $454.2M | ||
| Q3 25 | $5.9B | $327.4M | ||
| Q2 25 | $5.7B | $473.2M | ||
| Q1 25 | $7.4B | $364.1M | ||
| Q4 24 | $7.9B | $283.7M | ||
| Q3 24 | $7.5B | $282.3M | ||
| Q2 24 | $8.1B | $308.3M |
总债务ADBEWWD
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.2B | $579.9M | ||
| Q2 25 | $6.2B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.1B | $655.5M | ||
| Q2 24 | $4.1B | — |
股东权益ADBEWWD
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $2.6B | ||
| Q3 25 | $11.8B | $2.6B | ||
| Q2 25 | $11.4B | $2.5B | ||
| Q1 25 | $13.1B | $2.3B | ||
| Q4 24 | $14.1B | $2.2B | ||
| Q3 24 | $14.5B | $2.2B | ||
| Q2 24 | $14.8B | $2.2B |
总资产ADBEWWD
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $4.7B | ||
| Q3 25 | $28.8B | $4.6B | ||
| Q2 25 | $28.1B | $4.7B | ||
| Q1 25 | $30.0B | $4.5B | ||
| Q4 24 | $30.2B | $4.3B | ||
| Q3 24 | $29.8B | $4.4B | ||
| Q2 24 | $30.0B | $4.3B |
负债/权益比ADBEWWD
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | — | ||
| Q3 25 | 0.53× | 0.23× | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.28× | 0.30× | ||
| 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 | $114.4M |
| 自由现金流经营现金流 - 资本支出 | $2.9B | $70.3M |
| 自由现金流率自由现金流/营收 | 45.7% | 7.1% |
| 资本支出强度资本支出/营收 | 0.6% | 4.4% |
| 现金转化率经营现金流/净利润 | 1.57× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $10.3B | $409.7M |
8季度趋势，按日历期对齐
经营现金流ADBEWWD
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $114.4M | ||
| Q3 25 | $2.2B | $233.3M | ||
| Q2 25 | $2.2B | $125.6M | ||
| Q1 25 | $2.5B | $77.8M | ||
| Q4 24 | — | $34.5M | ||
| Q3 24 | $2.0B | $141.8M | ||
| Q2 24 | $1.9B | $153.2M |
自由现金流ADBEWWD
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $70.3M | ||
| Q3 25 | $2.1B | $180.9M | ||
| Q2 25 | $2.1B | $99.1M | ||
| Q1 25 | $2.5B | $59.4M | ||
| Q4 24 | — | $942.0K | ||
| Q3 24 | $2.0B | $117.7M | ||
| Q2 24 | $1.9B | $137.3M |
自由现金流率ADBEWWD
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 7.1% | ||
| Q3 25 | 35.5% | 18.2% | ||
| Q2 25 | 36.5% | 10.8% | ||
| Q1 25 | 43.0% | 6.7% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 36.3% | 13.8% | ||
| Q2 24 | 35.8% | 16.2% |
资本支出强度ADBEWWD
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 4.4% | ||
| Q3 25 | 1.2% | 5.3% | ||
| Q2 25 | 0.8% | 2.9% | ||
| Q1 25 | 0.5% | 2.1% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | 1.1% | 2.8% | ||
| Q2 24 | 0.8% | 1.9% |
现金转化率ADBEWWD
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 0.86× | ||
| Q3 25 | 1.24× | 1.70× | ||
| Q2 25 | 1.30× | 1.16× | ||
| Q1 25 | 1.37× | 0.71× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | 1.20× | 1.70× | ||
| Q2 24 | 1.23× | 1.50× |
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% |
WWD
| Transferred At Point In Time | $253.6M | 25% |
| Commercial OEM | $187.9M | 19% |
| Transportation | $166.3M | 17% |
| Defense OEM | $138.2M | 14% |
| Power Generation | $122.8M | 12% |
| Oil And Gas | $72.4M | 7% |
| Defense Aftermarket | $63.8M | 6% |
