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欧特克（ADSK）与高通（QCOM）财务数据对比。点击上方公司名可切换其他公司
高通的季度营收约是欧特克的6.3倍（$12.3B vs $2.0B），高通净利率更高（24.5% vs 16.1%，领先8.4%），欧特克同比增速更快（19.4% vs 5.0%），高通自由现金流更多（$4.4B vs $972.0M），过去两年欧特克的营收复合增速更高（17.5% vs 14.2%）
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。
高通是总部位于美国加利福尼亚州圣迭戈、在特拉华州注册的跨国企业，主营无线技术相关的半导体、软件及服务业务，持有5G、4G、CDMA2000、TD-SCDMA、WCDMA等移动通信标准的核心专利，是全球无线通信领域的核心供应商。
ADSK vs QCOM — 直观对比
营收规模更大
QCOM
是对方的6.3倍
$2.0B
营收增速更快
ADSK
高出14.4%
5.0%
净利率更高
QCOM
高出8.4%
16.1%
自由现金流更多
QCOM
多$3.4B
$972.0M
两年增速更快
ADSK
近两年复合增速
14.2%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $12.3B |
| 净利润 | $316.0M | $3.0B |
| 毛利率 | 91.5% | 54.6% |
| 营业利润率 | 22.0% | 27.5% |
| 净利率 | 16.1% | 24.5% |
| 营收同比 | 19.4% | 5.0% |
| 净利润同比 | 4.3% | -5.5% |
| 每股收益（稀释后） | $1.47 | $2.78 |
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ADSKQCOM
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $12.3B | ||
| Q3 25 | $1.8B | $11.3B | ||
| Q2 25 | $1.6B | $10.4B | ||
| Q1 25 | $1.6B | $11.0B | ||
| Q4 24 | $1.6B | $11.7B | ||
| Q3 24 | $1.5B | $10.2B | ||
| Q2 24 | $1.4B | $9.4B |
净利润ADSKQCOM
| Q1 26 | $316.0M | — | ||
| Q4 25 | $343.0M | $3.0B | ||
| Q3 25 | $313.0M | $-3.1B | ||
| Q2 25 | $152.0M | $2.7B | ||
| Q1 25 | $303.0M | $2.8B | ||
| Q4 24 | $275.0M | $3.2B | ||
| Q3 24 | $282.0M | $2.9B | ||
| Q2 24 | $252.0M | $2.1B |
毛利率ADSKQCOM
| Q1 26 | 91.5% | — | ||
| Q4 25 | 91.1% | 54.6% | ||
| Q3 25 | 91.0% | 55.3% | ||
| Q2 25 | 90.2% | 55.6% | ||
| Q1 25 | 90.6% | 55.0% | ||
| Q4 24 | 90.6% | 55.8% | ||
| Q3 24 | 90.7% | 56.4% | ||
| Q2 24 | 90.3% | 55.6% |
营业利润率ADSKQCOM
| Q1 26 | 22.0% | — | ||
| Q4 25 | 25.4% | 27.5% | ||
| Q3 25 | 25.2% | 25.9% | ||
| Q2 25 | 14.3% | 26.6% | ||
| Q1 25 | 22.3% | 28.4% | ||
| Q4 24 | 22.0% | 30.5% | ||
| Q3 24 | 22.8% | 25.2% | ||
| Q2 24 | 21.1% | 23.6% |
净利率ADSKQCOM
| Q1 26 | 16.1% | — | ||
| Q4 25 | 18.5% | 24.5% | ||
| Q3 25 | 17.8% | -27.7% | ||
| Q2 25 | 9.3% | 25.7% | ||
| Q1 25 | 18.5% | 25.6% | ||
| Q4 24 | 17.5% | 27.3% | ||
| Q3 24 | 18.7% | 28.5% | ||
| Q2 24 | 17.8% | 22.7% |
每股收益（稀释后）ADSKQCOM
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.60 | $2.78 | ||
| Q3 25 | $1.46 | $-2.77 | ||
| Q2 25 | $0.70 | $2.43 | ||
| Q1 25 | $1.39 | $2.52 | ||
| Q4 24 | $1.27 | $2.83 | ||
| Q3 24 | $1.30 | $2.57 | ||
| Q2 24 | $1.16 | $1.88 |
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 | $11.8B |
| 总债务越低越好 | $2.5B | $14.8B |
| 股东权益账面价值 | $3.0B | $23.1B |
| 总资产 | $12.5B | $53.0B |
| 负债/权益比越低杠杆越低 | 0.82× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资ADSKQCOM
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.3B | $11.8B | ||
| Q3 25 | $2.2B | $10.2B | ||
| Q2 25 | $2.0B | $10.0B | ||
| Q1 25 | $1.9B | $13.8B | ||
| Q4 24 | $1.7B | $14.3B | ||
| Q3 24 | $1.9B | $13.3B | ||
| Q2 24 | $2.0B | $13.0B |
总债务ADSKQCOM
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $14.8B | ||
| Q3 25 | $2.5B | $14.8B | ||
| Q2 25 | $2.3B | $14.8B | ||
| Q1 25 | $2.3B | $13.3B | ||
| Q4 24 | $2.3B | $13.2B | ||
| Q3 24 | $2.3B | $13.3B | ||
| Q2 24 | $2.3B | $13.2B |
股东权益ADSKQCOM
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $23.1B | ||
| Q3 25 | $2.7B | $21.2B | ||
| Q2 25 | $2.6B | $27.2B | ||
| Q1 25 | $2.6B | $27.7B | ||
| Q4 24 | $2.6B | $26.9B | ||
| Q3 24 | $2.5B | $26.3B | ||
| Q2 24 | $2.2B | $24.7B |
总资产ADSKQCOM
| Q1 26 | $12.5B | — | ||
| Q4 25 | $11.2B | $53.0B | ||
| Q3 25 | $10.9B | $50.1B | ||
| Q2 25 | $10.6B | $54.9B | ||
| Q1 25 | $10.8B | $55.4B | ||
| Q4 24 | $10.1B | $55.6B | ||
| Q3 24 | $10.0B | $55.2B | ||
| Q2 24 | $9.8B | $52.7B |
负债/权益比ADSKQCOM
| Q1 26 | 0.82× | — | ||
| Q4 25 | 0.86× | 0.64× | ||
| Q3 25 | 0.92× | 0.70× | ||
| Q2 25 | 0.88× | 0.54× | ||
| Q1 25 | 0.88× | 0.48× | ||
| Q4 24 | 0.88× | 0.49× | ||
| Q3 24 | 0.93× | 0.51× | ||
| Q2 24 | 1.06× | 0.53× |
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 | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $972.0M | $4.4B |
| 自由现金流率自由现金流/营收 | 49.7% | 36.0% |
| 资本支出强度资本支出/营收 | 0.9% | 4.5% |
| 现金转化率经营现金流/净利润 | 3.13× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $2.4B | $12.9B |
8季度趋势，按日历期对齐
经营现金流ADSKQCOM
| Q1 26 | $989.0M | — | ||
| Q4 25 | $439.0M | $5.0B | ||
| Q3 25 | $460.0M | $4.0B | ||
| Q2 25 | $564.0M | $2.9B | ||
| Q1 25 | $692.0M | $2.6B | ||
| Q4 24 | $209.0M | $4.6B | ||
| Q3 24 | $212.0M | $2.6B | ||
| Q2 24 | $494.0M | $3.1B |
自由现金流ADSKQCOM
| Q1 26 | $972.0M | — | ||
| Q4 25 | $430.0M | $4.4B | ||
| Q3 25 | $451.0M | $3.6B | ||
| Q2 25 | $556.0M | $2.6B | ||
| Q1 25 | $678.0M | $2.3B | ||
| Q4 24 | $199.0M | $4.3B | ||
| Q3 24 | $203.0M | $2.4B | ||
| Q2 24 | $487.0M | $2.7B |
自由现金流率ADSKQCOM
| Q1 26 | 49.7% | — | ||
| Q4 25 | 23.2% | 36.0% | ||
| Q3 25 | 25.6% | 31.8% | ||
| Q2 25 | 34.0% | 24.9% | ||
| Q1 25 | 41.4% | 21.3% | ||
| Q4 24 | 12.7% | 36.9% | ||
| Q3 24 | 13.5% | 23.3% | ||
| Q2 24 | 34.4% | 28.4% |
资本支出强度ADSKQCOM
| Q1 26 | 0.9% | — | ||
| Q4 25 | 0.5% | 4.5% | ||
| Q3 25 | 0.5% | 3.6% | ||
| Q2 25 | 0.5% | 2.8% | ||
| Q1 25 | 0.9% | 1.9% | ||
| Q4 24 | 0.6% | 2.4% | ||
| Q3 24 | 0.6% | 2.5% | ||
| Q2 24 | 0.5% | 4.1% |
现金转化率ADSKQCOM
| Q1 26 | 3.13× | — | ||
| Q4 25 | 1.28× | 1.65× | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 3.71× | 1.08× | ||
| Q1 25 | 2.28× | 0.91× | ||
| Q4 24 | 0.76× | 1.44× | ||
| Q3 24 | 0.75× | 0.91× | ||
| Q2 24 | 1.96× | 1.43× |
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% |
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
