vs
欧特克（ADSK）与Coinbase（COIN）财务数据对比。点击上方公司名可切换其他公司
欧特克的季度营收约是Coinbase的1.1倍（$2.0B vs $1.8B），欧特克净利率更高（16.1% vs -37.4%，领先53.6%），欧特克同比增速更快（19.4% vs -21.6%），过去两年欧特克的营收复合增速更高（17.5% vs 4.3%）
欧特克是美国跨国软件企业，总部位于加利福尼亚州旧金山，在全球各地设有办事处，美国境内亦于俄勒冈、科罗拉多、得克萨斯、密歇根等多州布局办公网点，为建筑、工程、施工、制造、传媒、教育、娱乐等多领域客户提供专业软件产品及配套服务。
Coinbase是美国知名加密货币交易所，2012年由布莱恩·阿姆斯特朗与弗雷德·埃尔萨姆联合创立。截至2024年，平台拥有超1亿用户，业务覆盖100多个国家，是美国最大加密货币交易所、全球最大比特币托管机构，托管总资产近5160亿美元，持有约12%的流通比特币及11%的质押以太币。
ADSK vs COIN — 直观对比
营收规模更大
ADSK
是对方的1.1倍
$1.8B
营收增速更快
ADSK
高出41.0%
-21.6%
净利率更高
ADSK
高出53.6%
-37.4%
两年增速更快
ADSK
近两年复合增速
4.3%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.8B |
| 净利润 | $316.0M | $-666.7M |
| 毛利率 | 91.5% | — |
| 营业利润率 | 22.0% | 15.4% |
| 净利率 | 16.1% | -37.4% |
| 营收同比 | 19.4% | -21.6% |
| 净利润同比 | 4.3% | -151.6% |
| 每股收益（稀释后） | $1.47 | $-2.43 |
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ADSKCOIN
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.8B | $1.9B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.4B |
净利润ADSKCOIN
| Q1 26 | $316.0M | — | ||
| Q4 25 | $343.0M | $-666.7M | ||
| Q3 25 | $313.0M | $432.6M | ||
| Q2 25 | $152.0M | $1.4B | ||
| Q1 25 | $303.0M | $65.6M | ||
| Q4 24 | $275.0M | $1.3B | ||
| Q3 24 | $282.0M | $75.5M | ||
| Q2 24 | $252.0M | $36.1M |
毛利率ADSKCOIN
| Q1 26 | 91.5% | — | ||
| Q4 25 | 91.1% | — | ||
| Q3 25 | 91.0% | — | ||
| Q2 25 | 90.2% | — | ||
| Q1 25 | 90.6% | — | ||
| Q4 24 | 90.6% | — | ||
| Q3 24 | 90.7% | — | ||
| Q2 24 | 90.3% | — |
营业利润率ADSKCOIN
| Q1 26 | 22.0% | — | ||
| Q4 25 | 25.4% | 15.4% | ||
| Q3 25 | 25.2% | 25.7% | ||
| Q2 25 | 14.3% | -1.6% | ||
| Q1 25 | 22.3% | 34.7% | ||
| Q4 24 | 22.0% | 45.5% | ||
| Q3 24 | 22.8% | 14.1% | ||
| Q2 24 | 21.1% | 23.7% |
净利率ADSKCOIN
| Q1 26 | 16.1% | — | ||
| Q4 25 | 18.5% | -37.4% | ||
| Q3 25 | 17.8% | 23.1% | ||
| Q2 25 | 9.3% | 95.4% | ||
| Q1 25 | 18.5% | 3.2% | ||
| Q4 24 | 17.5% | 56.8% | ||
| Q3 24 | 18.7% | 6.3% | ||
| Q2 24 | 17.8% | 2.5% |
每股收益（稀释后）ADSKCOIN
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.60 | $-2.43 | ||
| Q3 25 | $1.46 | $1.50 | ||
| Q2 25 | $0.70 | $5.14 | ||
| Q1 25 | $1.39 | $0.24 | ||
| Q4 24 | $1.27 | $4.66 | ||
| Q3 24 | $1.30 | $0.28 | ||
| Q2 24 | $1.16 | $0.14 |
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 | $2.6B | $11.6B |
| 总债务越低越好 | $2.5B | $7.2B |
| 股东权益账面价值 | $3.0B | $14.8B |
| 总资产 | $12.5B | $29.7B |
| 负债/权益比越低杠杆越低 | 0.82× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资ADSKCOIN
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.3B | $11.6B | ||
| Q3 25 | $2.2B | $9.8B | ||
| Q2 25 | $2.0B | $7.5B | ||
| Q1 25 | $1.9B | $8.1B | ||
| Q4 24 | $1.7B | $8.5B | ||
| Q3 24 | $1.9B | $7.7B | ||
| Q2 24 | $2.0B | $7.2B |
总债务ADSKCOIN
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $7.2B | ||
| Q3 25 | $2.5B | $7.2B | ||
| Q2 25 | $2.3B | $4.2B | ||
| Q1 25 | $2.3B | $4.2B | ||
| Q4 24 | $2.3B | $4.2B | ||
| Q3 24 | $2.3B | $4.2B | ||
| Q2 24 | $2.3B | $4.2B |
股东权益ADSKCOIN
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $14.8B | ||
| Q3 25 | $2.7B | $16.0B | ||
| Q2 25 | $2.6B | $12.1B | ||
| Q1 25 | $2.6B | $10.5B | ||
| Q4 24 | $2.6B | $10.3B | ||
| Q3 24 | $2.5B | $8.7B | ||
| Q2 24 | $2.2B | $8.4B |
总资产ADSKCOIN
| Q1 26 | $12.5B | — | ||
| Q4 25 | $11.2B | $29.7B | ||
| Q3 25 | $10.9B | $31.4B | ||
| Q2 25 | $10.6B | $23.5B | ||
| Q1 25 | $10.8B | $21.7B | ||
| Q4 24 | $10.1B | $22.5B | ||
| Q3 24 | $10.0B | $290.6B | ||
| Q2 24 | $9.8B | $287.0B |
负债/权益比ADSKCOIN
| Q1 26 | 0.82× | — | ||
| Q4 25 | 0.86× | 0.49× | ||
| Q3 25 | 0.92× | 0.45× | ||
| Q2 25 | 0.88× | 0.35× | ||
| Q1 25 | 0.88× | 0.40× | ||
| Q4 24 | 0.88× | 0.41× | ||
| Q3 24 | 0.93× | 0.48× | ||
| Q2 24 | 1.06× | 0.51× |
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 | $989.0M | $3.1B |
| 自由现金流经营现金流 - 资本支出 | $972.0M | — |
| 自由现金流率自由现金流/营收 | 49.7% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 3.13× | — |
| 过去12个月自由现金流最近4个季度 | $2.4B | — |
8季度趋势，按日历期对齐
经营现金流ADSKCOIN
| Q1 26 | $989.0M | — | ||
| Q4 25 | $439.0M | $3.1B | ||
| Q3 25 | $460.0M | $-784.5M | ||
| Q2 25 | $564.0M | $328.5M | ||
| Q1 25 | $692.0M | $-182.7M | ||
| Q4 24 | $209.0M | $964.6M | ||
| Q3 24 | $212.0M | $696.5M | ||
| Q2 24 | $494.0M | $484.2M |
自由现金流ADSKCOIN
| Q1 26 | $972.0M | — | ||
| Q4 25 | $430.0M | — | ||
| Q3 25 | $451.0M | — | ||
| Q2 25 | $556.0M | — | ||
| Q1 25 | $678.0M | — | ||
| Q4 24 | $199.0M | — | ||
| Q3 24 | $203.0M | — | ||
| Q2 24 | $487.0M | — |
自由现金流率ADSKCOIN
| Q1 26 | 49.7% | — | ||
| Q4 25 | 23.2% | — | ||
| Q3 25 | 25.6% | — | ||
| Q2 25 | 34.0% | — | ||
| Q1 25 | 41.4% | — | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 13.5% | — | ||
| Q2 24 | 34.4% | — |
资本支出强度ADSKCOIN
| Q1 26 | 0.9% | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.5% | — |
现金转化率ADSKCOIN
| Q1 26 | 3.13× | — | ||
| Q4 25 | 1.28× | — | ||
| Q3 25 | 1.47× | -1.81× | ||
| Q2 25 | 3.71× | 0.23× | ||
| Q1 25 | 2.28× | -2.79× | ||
| Q4 24 | 0.76× | 0.75× | ||
| Q3 24 | 0.75× | 9.23× | ||
| Q2 24 | 1.96× | 13.39× |
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
ADSK
| Sales Channel Through Intermediary | $602.0M | 31% |
| Auto CA Dand Auto CADLT Family | $478.0M | 24% |
| Manufacturing | $381.0M | 19% |
| Make | $218.0M | 11% |
| Other | $130.0M | 7% |
| Other Research And Development | $129.0M | 7% |
| Maintenance | $8.0M | 0% |
COIN
| Bank Servicing Consumer Net | $733.9M | 41% |
| Subscription And Circulation | $727.4M | 41% |
| Bank Servicing Institutional | $185.0M | 10% |
| Other Revenue | $71.1M | 4% |
| Bank Servicing Other | $63.8M | 4% |
| Related Party | $1.3M | 0% |
