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欧特克（ADSK）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是欧特克的1.4倍（$2.7B vs $2.0B），欧特克净利率更高（16.1% vs 2.5%，领先13.6%），Rocket Companies, Inc.同比增速更快（52.2% vs 19.4%），欧特克自由现金流更多（$972.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
ADSK vs RKT — 直观对比
营收规模更大
RKT
是对方的1.4倍
$2.0B
营收增速更快
RKT
高出32.8%
19.4%
净利率更高
ADSK
高出13.6%
2.5%
自由现金流更多
ADSK
多$2.2B
$-1.3B
两年增速更快
RKT
近两年复合增速
17.5%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.7B |
| 净利润 | $316.0M | $68.0M |
| 毛利率 | 91.5% | — |
| 营业利润率 | 22.0% | 6.3% |
| 净利率 | 16.1% | 2.5% |
| 营收同比 | 19.4% | 52.2% |
| 净利润同比 | 4.3% | 100.8% |
| 每股收益（稀释后） | $1.47 | $0.10 |
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ADSKRKT
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $2.7B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.6B | $1.4B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.5B | $646.9M | ||
| Q2 24 | $1.4B | $1.3B |
净利润ADSKRKT
| Q1 26 | $316.0M | — | ||
| Q4 25 | $343.0M | $68.0M | ||
| Q3 25 | $313.0M | $-123.9M | ||
| Q2 25 | $152.0M | $-1.8M | ||
| Q1 25 | $303.0M | $-10.4M | ||
| Q4 24 | $275.0M | $33.9M | ||
| Q3 24 | $282.0M | $-22.0M | ||
| Q2 24 | $252.0M | $1.3M |
毛利率ADSKRKT
| Q1 26 | 91.5% | — | ||
| Q4 25 | 91.1% | — | ||
| Q3 25 | 91.0% | — | ||
| Q2 25 | 90.2% | — | ||
| Q1 25 | 90.6% | — | ||
| Q4 24 | 90.6% | 58.9% | ||
| Q3 24 | 90.7% | -8.4% | ||
| Q2 24 | 90.3% | 47.4% |
营业利润率ADSKRKT
| Q1 26 | 22.0% | — | ||
| Q4 25 | 25.4% | 6.3% | ||
| Q3 25 | 25.2% | -11.5% | ||
| Q2 25 | 14.3% | 1.8% | ||
| Q1 25 | 22.3% | -21.5% | ||
| Q4 24 | 22.0% | 38.1% | ||
| Q3 24 | 22.8% | -76.9% | ||
| Q2 24 | 21.1% | 14.8% |
净利率ADSKRKT
| Q1 26 | 16.1% | — | ||
| Q4 25 | 18.5% | 2.5% | ||
| Q3 25 | 17.8% | -7.7% | ||
| Q2 25 | 9.3% | -0.1% | ||
| Q1 25 | 18.5% | -1.0% | ||
| Q4 24 | 17.5% | 1.9% | ||
| Q3 24 | 18.7% | -3.4% | ||
| Q2 24 | 17.8% | 0.1% |
每股收益（稀释后）ADSKRKT
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.60 | $0.10 | ||
| Q3 25 | $1.46 | $-0.06 | ||
| Q2 25 | $0.70 | $-0.01 | ||
| Q1 25 | $1.39 | $-0.08 | ||
| Q4 24 | $1.27 | $0.28 | ||
| Q3 24 | $1.30 | $-0.19 | ||
| Q2 24 | $1.16 | $0.01 |
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 | $2.7B |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $3.0B | $22.9B |
| 总资产 | $12.5B | $60.7B |
| 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ADSKRKT
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.3B | $2.7B | ||
| Q3 25 | $2.2B | $5.8B | ||
| Q2 25 | $2.0B | $5.1B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $2.0B | $1.3B |
总债务ADSKRKT
| 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ADSKRKT
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $22.9B | ||
| Q3 25 | $2.7B | $8.9B | ||
| Q2 25 | $2.6B | $7.4B | ||
| Q1 25 | $2.6B | $8.6B | ||
| Q4 24 | $2.6B | $9.0B | ||
| Q3 24 | $2.5B | $8.4B | ||
| Q2 24 | $2.2B | $8.8B |
总资产ADSKRKT
| Q1 26 | $12.5B | — | ||
| Q4 25 | $11.2B | $60.7B | ||
| Q3 25 | $10.9B | $33.6B | ||
| Q2 25 | $10.6B | $30.4B | ||
| Q1 25 | $10.8B | $25.3B | ||
| Q4 24 | $10.1B | $24.5B | ||
| Q3 24 | $10.0B | $25.1B | ||
| Q2 24 | $9.8B | $23.6B |
负债/权益比ADSKRKT
| 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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $972.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 49.7% | -47.2% |
| 资本支出强度资本支出/营收 | 0.9% | 1.5% |
| 现金转化率经营现金流/净利润 | 3.13× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $2.4B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流ADSKRKT
| Q1 26 | $989.0M | — | ||
| Q4 25 | $439.0M | $-1.2B | ||
| Q3 25 | $460.0M | $-50.3M | ||
| Q2 25 | $564.0M | $-1.9B | ||
| Q1 25 | $692.0M | $-797.0M | ||
| Q4 24 | $209.0M | $1.8B | ||
| Q3 24 | $212.0M | $-1.3B | ||
| Q2 24 | $494.0M | $-122.3M |
自由现金流ADSKRKT
| Q1 26 | $972.0M | — | ||
| Q4 25 | $430.0M | $-1.3B | ||
| Q3 25 | $451.0M | $-71.8M | ||
| Q2 25 | $556.0M | $-1.9B | ||
| Q1 25 | $678.0M | $-811.0M | ||
| Q4 24 | $199.0M | $1.8B | ||
| Q3 24 | $203.0M | $-1.4B | ||
| Q2 24 | $487.0M | $-138.3M |
自由现金流率ADSKRKT
| Q1 26 | 49.7% | — | ||
| Q4 25 | 23.2% | -47.2% | ||
| Q3 25 | 25.6% | -4.5% | ||
| Q2 25 | 34.0% | -137.2% | ||
| Q1 25 | 41.4% | -78.2% | ||
| Q4 24 | 12.7% | 103.1% | ||
| Q3 24 | 13.5% | -209.6% | ||
| Q2 24 | 34.4% | -10.6% |
资本支出强度ADSKRKT
| Q1 26 | 0.9% | — | ||
| Q4 25 | 0.5% | 1.5% | ||
| Q3 25 | 0.5% | 1.3% | ||
| Q2 25 | 0.5% | 1.1% | ||
| Q1 25 | 0.9% | 1.4% | ||
| Q4 24 | 0.6% | 1.1% | ||
| Q3 24 | 0.6% | 2.9% | ||
| Q2 24 | 0.5% | 1.2% |
现金转化率ADSKRKT
| Q1 26 | 3.13× | — | ||
| Q4 25 | 1.28× | -18.08× | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 3.71× | — | ||
| Q1 25 | 2.28× | — | ||
| Q4 24 | 0.76× | 54.42× | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | 1.96× | -94.46× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
