vs
欧特克（ADSK）与DraftKings Inc.（DKNG）财务数据对比。点击上方公司名可切换其他公司
DraftKings Inc.的季度营收约是欧特克的1.0倍（$2.0B vs $2.0B），欧特克净利率更高（16.1% vs 6.9%，领先9.3%），DraftKings Inc.同比增速更快（42.8% vs 19.4%），欧特克自由现金流更多（$972.0M vs $316.5M），过去两年DraftKings Inc.的营收复合增速更高（30.1% vs 17.5%）
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。
DraftKings Inc.是总部位于美国马萨诸塞州波士顿的博彩企业，主要提供体育博彩、每日范特西体育相关服务，是全球线上博彩娱乐赛道的知名企业，业务覆盖多个国家和地区的合规消费市场。
ADSK vs DKNG — 直观对比
营收规模更大
DKNG
是对方的1.0倍
$2.0B
营收增速更快
DKNG
高出23.4%
19.4%
净利率更高
ADSK
高出9.3%
6.9%
自由现金流更多
ADSK
多$655.5M
$316.5M
两年增速更快
DKNG
近两年复合增速
17.5%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.0B |
| 净利润 | $316.0M | $136.4M |
| 毛利率 | 91.5% | 46.0% |
| 营业利润率 | 22.0% | 7.6% |
| 净利率 | 16.1% | 6.9% |
| 营收同比 | 19.4% | 42.8% |
| 净利润同比 | 4.3% | 201.2% |
| 每股收益（稀释后） | $1.47 | $0.28 |
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ADSKDKNG
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B |
净利润ADSKDKNG
| Q1 26 | $316.0M | — | ||
| Q4 25 | $343.0M | $136.4M | ||
| Q3 25 | $313.0M | $-256.8M | ||
| Q2 25 | $152.0M | $157.9M | ||
| Q1 25 | $303.0M | $-33.9M | ||
| Q4 24 | $275.0M | $-134.9M | ||
| Q3 24 | $282.0M | $-293.7M | ||
| Q2 24 | $252.0M | $63.8M |
毛利率ADSKDKNG
| Q1 26 | 91.5% | — | ||
| Q4 25 | 91.1% | 46.0% | ||
| Q3 25 | 91.0% | 31.5% | ||
| Q2 25 | 90.2% | 43.5% | ||
| Q1 25 | 90.6% | 40.1% | ||
| Q4 24 | 90.6% | 40.1% | ||
| Q3 24 | 90.7% | 32.2% | ||
| Q2 24 | 90.3% | 39.9% |
营业利润率ADSKDKNG
| Q1 26 | 22.0% | — | ||
| Q4 25 | 25.4% | 7.6% | ||
| Q3 25 | 25.2% | -23.8% | ||
| Q2 25 | 14.3% | 10.0% | ||
| Q1 25 | 22.3% | -3.3% | ||
| Q4 24 | 22.0% | -10.0% | ||
| Q3 24 | 22.8% | -27.3% | ||
| Q2 24 | 21.1% | -2.9% |
净利率ADSKDKNG
| Q1 26 | 16.1% | — | ||
| Q4 25 | 18.5% | 6.9% | ||
| Q3 25 | 17.8% | -22.4% | ||
| Q2 25 | 9.3% | 10.4% | ||
| Q1 25 | 18.5% | -2.4% | ||
| Q4 24 | 17.5% | -9.7% | ||
| Q3 24 | 18.7% | -26.8% | ||
| Q2 24 | 17.8% | 5.8% |
每股收益（稀释后）ADSKDKNG
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.60 | $0.28 | ||
| Q3 25 | $1.46 | $-0.52 | ||
| Q2 25 | $0.70 | $0.30 | ||
| Q1 25 | $1.39 | $-0.07 | ||
| Q4 24 | $1.27 | $-0.25 | ||
| Q3 24 | $1.30 | $-0.60 | ||
| Q2 24 | $1.16 | $0.10 |
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 | $1.1B |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $3.0B | $631.5M |
| 总资产 | $12.5B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.82× | — |
8季度趋势，按日历期对齐
现金及短期投资ADSKDKNG
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.3B | $1.1B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.7B | $788.3M | ||
| Q3 24 | $1.9B | $877.8M | ||
| Q2 24 | $2.0B | $815.9M |
总债务ADSKDKNG
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益ADSKDKNG
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $631.5M | ||
| Q3 25 | $2.7B | $732.3M | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | $2.6B | $872.9M | ||
| Q4 24 | $2.6B | $1.0B | ||
| Q3 24 | $2.5B | $1.1B | ||
| Q2 24 | $2.2B | $1.3B |
总资产ADSKDKNG
| Q1 26 | $12.5B | — | ||
| Q4 25 | $11.2B | $4.5B | ||
| Q3 25 | $10.9B | $4.6B | ||
| Q2 25 | $10.6B | $4.5B | ||
| Q1 25 | $10.8B | $4.5B | ||
| Q4 24 | $10.1B | $4.3B | ||
| Q3 24 | $10.0B | $4.3B | ||
| Q2 24 | $9.8B | $4.2B |
负债/权益比ADSKDKNG
| Q1 26 | 0.82× | — | ||
| Q4 25 | 0.86× | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 1.06× | — |
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 | $320.5M |
| 自由现金流经营现金流 - 资本支出 | $972.0M | $316.5M |
| 自由现金流率自由现金流/营收 | 49.7% | 15.9% |
| 资本支出强度资本支出/营收 | 0.9% | 0.2% |
| 现金转化率经营现金流/净利润 | 3.13× | 2.35× |
| 过去12个月自由现金流最近4个季度 | $2.4B | $647.5M |
8季度趋势，按日历期对齐
经营现金流ADSKDKNG
| Q1 26 | $989.0M | — | ||
| Q4 25 | $439.0M | $320.5M | ||
| Q3 25 | $460.0M | $287.5M | ||
| Q2 25 | $564.0M | $173.9M | ||
| Q1 25 | $692.0M | $-119.0M | ||
| Q4 24 | $209.0M | $325.2M | ||
| Q3 24 | $212.0M | $133.6M | ||
| Q2 24 | $494.0M | $29.4M |
自由现金流ADSKDKNG
| Q1 26 | $972.0M | — | ||
| Q4 25 | $430.0M | $316.5M | ||
| Q3 25 | $451.0M | $283.0M | ||
| Q2 25 | $556.0M | $169.6M | ||
| Q1 25 | $678.0M | $-121.7M | ||
| Q4 24 | $199.0M | $323.2M | ||
| Q3 24 | $203.0M | $130.9M | ||
| Q2 24 | $487.0M | $27.0M |
自由现金流率ADSKDKNG
| Q1 26 | 49.7% | — | ||
| Q4 25 | 23.2% | 15.9% | ||
| Q3 25 | 25.6% | 24.7% | ||
| Q2 25 | 34.0% | 11.2% | ||
| Q1 25 | 41.4% | -8.6% | ||
| Q4 24 | 12.7% | 23.2% | ||
| Q3 24 | 13.5% | 11.9% | ||
| Q2 24 | 34.4% | 2.4% |
资本支出强度ADSKDKNG
| Q1 26 | 0.9% | — | ||
| Q4 25 | 0.5% | 0.2% | ||
| Q3 25 | 0.5% | 0.4% | ||
| Q2 25 | 0.5% | 0.3% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 0.6% | 0.1% | ||
| Q3 24 | 0.6% | 0.2% | ||
| Q2 24 | 0.5% | 0.2% |
现金转化率ADSKDKNG
| Q1 26 | 3.13× | — | ||
| Q4 25 | 1.28× | 2.35× | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 3.71× | 1.10× | ||
| Q1 25 | 2.28× | — | ||
| Q4 24 | 0.76× | — | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | 1.96× | 0.46× |
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% |
DKNG
| Sportsbook | $1.4B | 68% |
| I Gaming | $500.2M | 25% |
| Other | $137.9M | 7% |
