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欧特克（ADSK）与利氏兄弟拍卖行（RBA）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利氏兄弟拍卖行的1.6倍（$2.0B vs $1.2B），欧特克净利率更高（16.1% vs 9.1%，领先7.0%），欧特克同比增速更快（19.4% vs 5.4%），欧特克自由现金流更多（$972.0M vs $186.5M），过去两年欧特克的营收复合增速更高（17.5% vs 6.3%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
ADSK vs RBA — 直观对比
营收规模更大
ADSK
是对方的1.6倍
$1.2B
营收增速更快
ADSK
高出14.0%
5.4%
净利率更高
ADSK
高出7.0%
9.1%
自由现金流更多
ADSK
多$785.5M
$186.5M
两年增速更快
ADSK
近两年复合增速
6.3%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $316.0M | $109.7M |
| 毛利率 | 91.5% | — |
| 营业利润率 | 22.0% | 14.7% |
| 净利率 | 16.1% | 9.1% |
| 营收同比 | 19.4% | 5.4% |
| 净利润同比 | 4.3% | -7.4% |
| 每股收益（稀释后） | $1.47 | $0.53 |
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ADSKRBA
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.5B | $981.8M | ||
| Q2 24 | $1.4B | $1.1B |
净利润ADSKRBA
| Q1 26 | $316.0M | — | ||
| Q4 25 | $343.0M | $109.7M | ||
| Q3 25 | $313.0M | $95.5M | ||
| Q2 25 | $152.0M | $109.8M | ||
| Q1 25 | $303.0M | $113.4M | ||
| Q4 24 | $275.0M | $118.5M | ||
| Q3 24 | $282.0M | $76.1M | ||
| Q2 24 | $252.0M | $111.1M |
毛利率ADSKRBA
| 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ADSKRBA
| Q1 26 | 22.0% | — | ||
| Q4 25 | 25.4% | 14.7% | ||
| Q3 25 | 25.2% | 14.5% | ||
| Q2 25 | 14.3% | 15.9% | ||
| Q1 25 | 22.3% | 17.1% | ||
| Q4 24 | 22.0% | 18.1% | ||
| Q3 24 | 22.8% | 15.6% | ||
| Q2 24 | 21.1% | 18.4% |
净利率ADSKRBA
| Q1 26 | 16.1% | — | ||
| Q4 25 | 18.5% | 9.1% | ||
| Q3 25 | 17.8% | 8.7% | ||
| Q2 25 | 9.3% | 9.3% | ||
| Q1 25 | 18.5% | 10.2% | ||
| Q4 24 | 17.5% | 10.4% | ||
| Q3 24 | 18.7% | 7.8% | ||
| Q2 24 | 17.8% | 10.1% |
每股收益（稀释后）ADSKRBA
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.60 | $0.53 | ||
| Q3 25 | $1.46 | $0.43 | ||
| Q2 25 | $0.70 | $0.53 | ||
| Q1 25 | $1.39 | $0.55 | ||
| Q4 24 | $1.27 | $0.58 | ||
| Q3 24 | $1.30 | $0.36 | ||
| Q2 24 | $1.16 | $0.54 |
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 | $531.5M |
| 总债务越低越好 | $2.5B | $2.3B |
| 股东权益账面价值 | $3.0B | $5.6B |
| 总资产 | $12.5B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.82× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资ADSKRBA
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.3B | $531.5M | ||
| Q3 25 | $2.2B | $674.7M | ||
| Q2 25 | $2.0B | $710.2M | ||
| Q1 25 | $1.9B | $578.1M | ||
| Q4 24 | $1.7B | $533.9M | ||
| Q3 24 | $1.9B | $650.7M | ||
| Q2 24 | $2.0B | $599.5M |
总债务ADSKRBA
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $2.3B | ||
| Q3 25 | $2.5B | $2.6B | ||
| Q2 25 | $2.3B | $2.6B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.3B | $2.7B | ||
| Q2 24 | $2.3B | $2.8B |
股东权益ADSKRBA
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $5.6B | ||
| Q3 25 | $2.7B | $5.5B | ||
| Q2 25 | $2.6B | $5.5B | ||
| Q1 25 | $2.6B | $5.3B | ||
| Q4 24 | $2.6B | $5.2B | ||
| Q3 24 | $2.5B | $5.2B | ||
| Q2 24 | $2.2B | $5.2B |
总资产ADSKRBA
| Q1 26 | $12.5B | — | ||
| Q4 25 | $11.2B | $12.1B | ||
| Q3 25 | $10.9B | $12.2B | ||
| Q2 25 | $10.6B | $12.2B | ||
| Q1 25 | $10.8B | $11.9B | ||
| Q4 24 | $10.1B | $11.8B | ||
| Q3 24 | $10.0B | $11.9B | ||
| Q2 24 | $9.8B | $12.1B |
负债/权益比ADSKRBA
| Q1 26 | 0.82× | — | ||
| Q4 25 | 0.86× | 0.42× | ||
| Q3 25 | 0.92× | 0.47× | ||
| Q2 25 | 0.88× | 0.47× | ||
| Q1 25 | 0.88× | 0.50× | ||
| Q4 24 | 0.88× | 0.50× | ||
| Q3 24 | 0.93× | 0.52× | ||
| Q2 24 | 1.06× | 0.55× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $972.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 49.7% | 15.5% |
| 资本支出强度资本支出/营收 | 0.9% | 5.7% |
| 现金转化率经营现金流/净利润 | 3.13× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $2.4B | $719.2M |
8季度趋势，按日历期对齐
经营现金流ADSKRBA
| Q1 26 | $989.0M | — | ||
| Q4 25 | $439.0M | $255.2M | ||
| Q3 25 | $460.0M | $239.7M | ||
| Q2 25 | $564.0M | $326.5M | ||
| Q1 25 | $692.0M | $156.8M | ||
| Q4 24 | $209.0M | $184.5M | ||
| Q3 24 | $212.0M | $285.4M | ||
| Q2 24 | $494.0M | $337.3M |
自由现金流ADSKRBA
| Q1 26 | $972.0M | — | ||
| Q4 25 | $430.0M | $186.5M | ||
| Q3 25 | $451.0M | $188.5M | ||
| Q2 25 | $556.0M | $241.7M | ||
| Q1 25 | $678.0M | $102.5M | ||
| Q4 24 | $199.0M | $127.9M | ||
| Q3 24 | $203.0M | $248.5M | ||
| Q2 24 | $487.0M | $308.6M |
自由现金流率ADSKRBA
| Q1 26 | 49.7% | — | ||
| Q4 25 | 23.2% | 15.5% | ||
| Q3 25 | 25.6% | 17.3% | ||
| Q2 25 | 34.0% | 20.4% | ||
| Q1 25 | 41.4% | 9.2% | ||
| Q4 24 | 12.7% | 11.2% | ||
| Q3 24 | 13.5% | 25.3% | ||
| Q2 24 | 34.4% | 28.2% |
资本支出强度ADSKRBA
| Q1 26 | 0.9% | — | ||
| Q4 25 | 0.5% | 5.7% | ||
| Q3 25 | 0.5% | 4.7% | ||
| Q2 25 | 0.5% | 7.2% | ||
| Q1 25 | 0.9% | 4.9% | ||
| Q4 24 | 0.6% | 5.0% | ||
| Q3 24 | 0.6% | 3.8% | ||
| Q2 24 | 0.5% | 2.6% |
现金转化率ADSKRBA
| Q1 26 | 3.13× | — | ||
| Q4 25 | 1.28× | 2.33× | ||
| Q3 25 | 1.47× | 2.51× | ||
| Q2 25 | 3.71× | 2.97× | ||
| Q1 25 | 2.28× | 1.38× | ||
| Q4 24 | 0.76× | 1.56× | ||
| Q3 24 | 0.75× | 3.75× | ||
| Q2 24 | 1.96× | 3.04× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
