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欧特克（ADSK）与QVC INC（QVCD）财务数据对比。点击上方公司名可切换其他公司
QVC INC的季度营收约是欧特克的1.2倍（$2.4B vs $2.0B），欧特克净利率更高（16.1% vs 1.5%，领先14.6%），欧特克同比增速更快（19.4% vs -8.9%），过去两年欧特克的营收复合增速更高（17.5% vs 7.1%）
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。
QVC集团是一家美国媒体 conglomerate，由公司董事长约翰·C·马龙控股，马龙持有该集团多数有表决权股份，业务覆盖媒体相关领域，是美国颇具影响力的传媒企业集团。
ADSK vs QVCD — 直观对比
营收规模更大
QVCD
是对方的1.2倍
$2.0B
营收增速更快
ADSK
高出28.3%
-8.9%
净利率更高
ADSK
高出14.6%
1.5%
两年增速更快
ADSK
近两年复合增速
7.1%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.4B |
| 净利润 | $316.0M | $37.0M |
| 毛利率 | 91.5% | 32.5% |
| 营业利润率 | 22.0% | 5.6% |
| 净利率 | 16.1% | 1.5% |
| 营收同比 | 19.4% | -8.9% |
| 净利润同比 | 4.3% | 103.0% |
| 每股收益（稀释后） | $1.47 | — |
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ADSKQVCD
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $1.8B | $2.0B | ||
| Q2 25 | $1.6B | $2.0B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.6B | $2.7B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.4B | $2.1B |
净利润ADSKQVCD
| Q1 26 | $316.0M | — | ||
| Q4 25 | $343.0M | $37.0M | ||
| Q3 25 | $313.0M | $2.0M | ||
| Q2 25 | $152.0M | $-2.2B | ||
| Q1 25 | $303.0M | $-42.0M | ||
| Q4 24 | $275.0M | $-1.2B | ||
| Q3 24 | $282.0M | $51.0M | ||
| Q2 24 | $252.0M | $53.0M |
毛利率ADSKQVCD
| Q1 26 | 91.5% | — | ||
| Q4 25 | 91.1% | 32.5% | ||
| Q3 25 | 91.0% | 33.6% | ||
| Q2 25 | 90.2% | 35.4% | ||
| Q1 25 | 90.6% | 33.3% | ||
| Q4 24 | 90.6% | 32.6% | ||
| Q3 24 | 90.7% | 34.7% | ||
| Q2 24 | 90.3% | 35.6% |
营业利润率ADSKQVCD
| Q1 26 | 22.0% | — | ||
| Q4 25 | 25.4% | 5.6% | ||
| Q3 25 | 25.2% | 4.6% | ||
| Q2 25 | 14.3% | -114.5% | ||
| Q1 25 | 22.3% | 1.5% | ||
| Q4 24 | 22.0% | -47.1% | ||
| Q3 24 | 22.8% | 7.8% | ||
| Q2 24 | 21.1% | 7.6% |
净利率ADSKQVCD
| Q1 26 | 16.1% | — | ||
| Q4 25 | 18.5% | 1.5% | ||
| Q3 25 | 17.8% | 0.1% | ||
| Q2 25 | 9.3% | -109.1% | ||
| Q1 25 | 18.5% | -2.2% | ||
| Q4 24 | 17.5% | -46.0% | ||
| Q3 24 | 18.7% | 2.4% | ||
| Q2 24 | 17.8% | 2.5% |
每股收益（稀释后）ADSKQVCD
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.60 | — | ||
| Q3 25 | $1.46 | — | ||
| Q2 25 | $0.70 | — | ||
| Q1 25 | $1.39 | — | ||
| Q4 24 | $1.27 | — | ||
| Q3 24 | $1.30 | — | ||
| Q2 24 | $1.16 | — |
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 | $1.5B |
| 总债务越低越好 | $2.5B | $1.0M |
| 股东权益账面价值 | $3.0B | $1.2B |
| 总资产 | $12.5B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.82× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ADSKQVCD
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.3B | $1.5B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.7B | $297.0M | ||
| Q3 24 | $1.9B | $297.0M | ||
| Q2 24 | $2.0B | $315.0M |
总债务ADSKQVCD
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $1.0M | ||
| Q3 25 | $2.5B | $5.0B | ||
| Q2 25 | $2.3B | $4.0B | ||
| Q1 25 | $2.3B | $4.0B | ||
| Q4 24 | $2.3B | $3.3B | ||
| Q3 24 | $2.3B | $3.4B | ||
| Q2 24 | $2.3B | $3.7B |
股东权益ADSKQVCD
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | $2.7B | $1.2B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.6B | $3.3B | ||
| Q4 24 | $2.6B | $3.3B | ||
| Q3 24 | $2.5B | $4.6B | ||
| Q2 24 | $2.2B | $4.3B |
总资产ADSKQVCD
| Q1 26 | $12.5B | — | ||
| Q4 25 | $11.2B | $8.5B | ||
| Q3 25 | $10.9B | $8.3B | ||
| Q2 25 | $10.6B | $7.4B | ||
| Q1 25 | $10.8B | $9.7B | ||
| Q4 24 | $10.1B | $9.9B | ||
| Q3 24 | $10.0B | $9.9B | ||
| Q2 24 | $9.8B | $11.2B |
负债/权益比ADSKQVCD
| Q1 26 | 0.82× | — | ||
| Q4 25 | 0.86× | 0.00× | ||
| Q3 25 | 0.92× | 4.30× | ||
| Q2 25 | 0.88× | 3.42× | ||
| Q1 25 | 0.88× | 1.22× | ||
| Q4 24 | 0.88× | 1.01× | ||
| Q3 24 | 0.93× | 0.73× | ||
| Q2 24 | 1.06× | 0.87× |
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 | $245.0M |
| 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× | 6.62× |
| 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ADSKQVCD
| Q1 26 | $989.0M | — | ||
| Q4 25 | $439.0M | $245.0M | ||
| Q3 25 | $460.0M | $76.0M | ||
| Q2 25 | $564.0M | $52.0M | ||
| Q1 25 | $692.0M | $46.0M | ||
| Q4 24 | $209.0M | $189.0M | ||
| Q3 24 | $212.0M | $98.0M | ||
| Q2 24 | $494.0M | $164.0M |
自由现金流ADSKQVCD
| 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ADSKQVCD
| 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ADSKQVCD
| 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ADSKQVCD
| Q1 26 | 3.13× | — | ||
| Q4 25 | 1.28× | 6.62× | ||
| Q3 25 | 1.47× | 38.00× | ||
| Q2 25 | 3.71× | — | ||
| Q1 25 | 2.28× | — | ||
| Q4 24 | 0.76× | — | ||
| Q3 24 | 0.75× | 1.92× | ||
| Q2 24 | 1.96× | 3.09× |
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% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
