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欧特克（ADSK）与PTC Inc.（PTC）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PTC Inc.的2.9倍（$2.0B vs $685.8M），PTC Inc.净利率更高（24.3% vs 16.1%，领先8.1%），PTC Inc.同比增速更快（21.4% vs 19.4%），欧特克自由现金流更多（$972.0M vs $267.4M），过去两年欧特克的营收复合增速更高（17.5% vs 6.6%）
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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
ADSK vs PTC — 直观对比
营收规模更大
ADSK
是对方的2.9倍
$685.8M
营收增速更快
PTC
高出2.0%
19.4%
净利率更高
PTC
高出8.1%
16.1%
自由现金流更多
ADSK
多$704.6M
$267.4M
两年增速更快
ADSK
近两年复合增速
6.6%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $685.8M |
| 净利润 | $316.0M | $166.5M |
| 毛利率 | 91.5% | 82.8% |
| 营业利润率 | 22.0% | 32.2% |
| 净利率 | 16.1% | 24.3% |
| 营收同比 | 19.4% | 21.4% |
| 净利润同比 | 4.3% | 102.5% |
| 每股收益（稀释后） | $1.47 | $1.39 |
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ADSKPTC
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $685.8M | ||
| Q3 25 | $1.8B | $893.8M | ||
| Q2 25 | $1.6B | $643.9M | ||
| Q1 25 | $1.6B | $636.4M | ||
| Q4 24 | $1.6B | $565.1M | ||
| Q3 24 | $1.5B | $626.5M | ||
| Q2 24 | $1.4B | $518.6M |
净利润ADSKPTC
| Q1 26 | $316.0M | — | ||
| Q4 25 | $343.0M | $166.5M | ||
| Q3 25 | $313.0M | $347.8M | ||
| Q2 25 | $152.0M | $141.3M | ||
| Q1 25 | $303.0M | $162.6M | ||
| Q4 24 | $275.0M | $82.2M | ||
| Q3 24 | $282.0M | $126.5M | ||
| Q2 24 | $252.0M | $69.0M |
毛利率ADSKPTC
| Q1 26 | 91.5% | — | ||
| Q4 25 | 91.1% | 82.8% | ||
| Q3 25 | 91.0% | 86.9% | ||
| Q2 25 | 90.2% | 82.9% | ||
| Q1 25 | 90.6% | 83.3% | ||
| Q4 24 | 90.6% | 80.2% | ||
| Q3 24 | 90.7% | 82.0% | ||
| Q2 24 | 90.3% | 78.4% |
营业利润率ADSKPTC
| Q1 26 | 22.0% | — | ||
| Q4 25 | 25.4% | 32.2% | ||
| Q3 25 | 25.2% | 48.5% | ||
| Q2 25 | 14.3% | 32.6% | ||
| Q1 25 | 22.3% | 35.1% | ||
| Q4 24 | 22.0% | 20.4% | ||
| Q3 24 | 22.8% | 31.0% | ||
| Q2 24 | 21.1% | 18.5% |
净利率ADSKPTC
| Q1 26 | 16.1% | — | ||
| Q4 25 | 18.5% | 24.3% | ||
| Q3 25 | 17.8% | 38.9% | ||
| Q2 25 | 9.3% | 21.9% | ||
| Q1 25 | 18.5% | 25.6% | ||
| Q4 24 | 17.5% | 14.6% | ||
| Q3 24 | 18.7% | 20.2% | ||
| Q2 24 | 17.8% | 13.3% |
每股收益（稀释后）ADSKPTC
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.60 | $1.39 | ||
| Q3 25 | $1.46 | $2.88 | ||
| Q2 25 | $0.70 | $1.17 | ||
| Q1 25 | $1.39 | $1.35 | ||
| Q4 24 | $1.27 | $0.68 | ||
| Q3 24 | $1.30 | $1.05 | ||
| Q2 24 | $1.16 | $0.57 |
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 | $209.7M |
| 总债务越低越好 | $2.5B | $1.2B |
| 股东权益账面价值 | $3.0B | $3.8B |
| 总资产 | $12.5B | $6.4B |
| 负债/权益比越低杠杆越低 | 0.82× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资ADSKPTC
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.3B | $209.7M | ||
| Q3 25 | $2.2B | $184.4M | ||
| Q2 25 | $2.0B | $199.3M | ||
| Q1 25 | $1.9B | $235.2M | ||
| Q4 24 | $1.7B | $196.3M | ||
| Q3 24 | $1.9B | $265.8M | ||
| Q2 24 | $2.0B | $247.7M |
总债务ADSKPTC
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $1.2B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.3B | $1.2B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.3B | $1.3B |
股东权益ADSKPTC
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $3.8B | ||
| Q3 25 | $2.7B | $3.8B | ||
| Q2 25 | $2.6B | $3.5B | ||
| Q1 25 | $2.6B | $3.4B | ||
| Q4 24 | $2.6B | $3.2B | ||
| Q3 24 | $2.5B | $3.2B | ||
| Q2 24 | $2.2B | $3.0B |
总资产ADSKPTC
| Q1 26 | $12.5B | — | ||
| Q4 25 | $11.2B | $6.4B | ||
| Q3 25 | $10.9B | $6.6B | ||
| Q2 25 | $10.6B | $6.2B | ||
| Q1 25 | $10.8B | $6.2B | ||
| Q4 24 | $10.1B | $6.1B | ||
| Q3 24 | $10.0B | $6.4B | ||
| Q2 24 | $9.8B | $6.1B |
负债/权益比ADSKPTC
| Q1 26 | 0.82× | — | ||
| Q4 25 | 0.86× | 0.31× | ||
| Q3 25 | 0.92× | 0.31× | ||
| Q2 25 | 0.88× | 0.34× | ||
| Q1 25 | 0.88× | 0.40× | ||
| Q4 24 | 0.88× | 0.32× | ||
| Q3 24 | 0.93× | 0.38× | ||
| Q2 24 | 1.06× | 0.43× |
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 | $269.7M |
| 自由现金流经营现金流 - 资本支出 | $972.0M | $267.4M |
| 自由现金流率自由现金流/营收 | 49.7% | 39.0% |
| 资本支出强度资本支出/营收 | 0.9% | 0.3% |
| 现金转化率经营现金流/净利润 | 3.13× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $2.4B | $888.4M |
8季度趋势，按日历期对齐
经营现金流ADSKPTC
| Q1 26 | $989.0M | — | ||
| Q4 25 | $439.0M | $269.7M | ||
| Q3 25 | $460.0M | $104.0M | ||
| Q2 25 | $564.0M | $243.9M | ||
| Q1 25 | $692.0M | $281.3M | ||
| Q4 24 | $209.0M | $238.4M | ||
| Q3 24 | $212.0M | $98.1M | ||
| Q2 24 | $494.0M | $213.8M |
自由现金流ADSKPTC
| Q1 26 | $972.0M | — | ||
| Q4 25 | $430.0M | $267.4M | ||
| Q3 25 | $451.0M | $100.5M | ||
| Q2 25 | $556.0M | $242.0M | ||
| Q1 25 | $678.0M | $278.5M | ||
| Q4 24 | $199.0M | $235.7M | ||
| Q3 24 | $203.0M | $93.6M | ||
| Q2 24 | $487.0M | $212.2M |
自由现金流率ADSKPTC
| Q1 26 | 49.7% | — | ||
| Q4 25 | 23.2% | 39.0% | ||
| Q3 25 | 25.6% | 11.2% | ||
| Q2 25 | 34.0% | 37.6% | ||
| Q1 25 | 41.4% | 43.8% | ||
| Q4 24 | 12.7% | 41.7% | ||
| Q3 24 | 13.5% | 14.9% | ||
| Q2 24 | 34.4% | 40.9% |
资本支出强度ADSKPTC
| Q1 26 | 0.9% | — | ||
| Q4 25 | 0.5% | 0.3% | ||
| Q3 25 | 0.5% | 0.4% | ||
| Q2 25 | 0.5% | 0.3% | ||
| Q1 25 | 0.9% | 0.4% | ||
| Q4 24 | 0.6% | 0.5% | ||
| Q3 24 | 0.6% | 0.7% | ||
| Q2 24 | 0.5% | 0.3% |
现金转化率ADSKPTC
| Q1 26 | 3.13× | — | ||
| Q4 25 | 1.28× | 1.62× | ||
| Q3 25 | 1.47× | 0.30× | ||
| Q2 25 | 3.71× | 1.73× | ||
| Q1 25 | 2.28× | 1.73× | ||
| Q4 24 | 0.76× | 2.90× | ||
| Q3 24 | 0.75× | 0.78× | ||
| Q2 24 | 1.96× | 3.10× |
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% |
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
