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欧特克（ADSK）与Taylor Morrison Home Corp（TMHC）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Taylor Morrison Home Corp的1.4倍（$2.0B vs $1.4B），欧特克净利率更高（16.1% vs 7.1%，领先9.0%），欧特克同比增速更快（19.4% vs -26.8%），过去两年欧特克的营收复合增速更高（17.5% vs -16.5%）
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。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
ADSK vs TMHC — 直观对比
营收规模更大
ADSK
是对方的1.4倍
$1.4B
营收增速更快
ADSK
高出46.2%
-26.8%
净利率更高
ADSK
高出9.0%
7.1%
两年增速更快
ADSK
近两年复合增速
-16.5%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.4B |
| 净利润 | $316.0M | $98.6M |
| 毛利率 | 91.5% | 21.0% |
| 营业利润率 | 22.0% | — |
| 净利率 | 16.1% | 7.1% |
| 营收同比 | 19.4% | -26.8% |
| 净利润同比 | 4.3% | -53.8% |
| 每股收益（稀释后） | $1.47 | $1.12 |
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ADSKTMHC
| Q1 26 | $2.0B | $1.4B | ||
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $1.6B | $2.0B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B |
净利润ADSKTMHC
| Q1 26 | $316.0M | $98.6M | ||
| Q4 25 | $343.0M | $174.0M | ||
| Q3 25 | $313.0M | $201.4M | ||
| Q2 25 | $152.0M | $193.6M | ||
| Q1 25 | $303.0M | $213.5M | ||
| Q4 24 | $275.0M | $242.5M | ||
| Q3 24 | $282.0M | $251.1M | ||
| Q2 24 | $252.0M | $199.5M |
毛利率ADSKTMHC
| Q1 26 | 91.5% | 21.0% | ||
| Q4 25 | 91.1% | 22.0% | ||
| Q3 25 | 91.0% | 22.7% | ||
| Q2 25 | 90.2% | 23.0% | ||
| Q1 25 | 90.6% | 24.4% | ||
| Q4 24 | 90.6% | 23.9% | ||
| Q3 24 | 90.7% | 25.0% | ||
| Q2 24 | 90.3% | 23.7% |
营业利润率ADSKTMHC
| Q1 26 | 22.0% | — | ||
| Q4 25 | 25.4% | — | ||
| Q3 25 | 25.2% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | 22.3% | — | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 22.8% | — | ||
| Q2 24 | 21.1% | — |
净利率ADSKTMHC
| Q1 26 | 16.1% | 7.1% | ||
| Q4 25 | 18.5% | 8.3% | ||
| Q3 25 | 17.8% | 9.6% | ||
| Q2 25 | 9.3% | 9.5% | ||
| Q1 25 | 18.5% | 11.3% | ||
| Q4 24 | 17.5% | 10.3% | ||
| Q3 24 | 18.7% | 11.8% | ||
| Q2 24 | 17.8% | 10.0% |
每股收益（稀释后）ADSKTMHC
| Q1 26 | $1.47 | $1.12 | ||
| Q4 25 | $1.60 | $1.77 | ||
| Q3 25 | $1.46 | $2.01 | ||
| Q2 25 | $0.70 | $1.92 | ||
| Q1 25 | $1.39 | $2.07 | ||
| Q4 24 | $1.27 | $2.29 | ||
| Q3 24 | $1.30 | $2.37 | ||
| Q2 24 | $1.16 | $1.86 |
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 | $652.9M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $3.0B | $6.2B |
| 总资产 | $12.5B | $9.8B |
| 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ADSKTMHC
| Q1 26 | $2.6B | $652.9M | ||
| Q4 25 | $2.3B | $850.0M | ||
| Q3 25 | $2.2B | $370.6M | ||
| Q2 25 | $2.0B | $130.2M | ||
| Q1 25 | $1.9B | $377.8M | ||
| Q4 24 | $1.7B | $487.2M | ||
| Q3 24 | $1.9B | $256.4M | ||
| Q2 24 | $2.0B | $246.8M |
总债务ADSKTMHC
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $2.3B | ||
| Q3 25 | $2.5B | $2.2B | ||
| Q2 25 | $2.3B | $2.1B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.3B | $2.1B | ||
| Q3 24 | $2.3B | $2.1B | ||
| Q2 24 | $2.3B | $2.2B |
股东权益ADSKTMHC
| Q1 26 | $3.0B | $6.2B | ||
| Q4 25 | $2.9B | $6.3B | ||
| Q3 25 | $2.7B | $6.2B | ||
| Q2 25 | $2.6B | $6.1B | ||
| Q1 25 | $2.6B | $6.0B | ||
| Q4 24 | $2.6B | $5.9B | ||
| Q3 24 | $2.5B | $5.7B | ||
| Q2 24 | $2.2B | $5.5B |
总资产ADSKTMHC
| Q1 26 | $12.5B | $9.8B | ||
| Q4 25 | $11.2B | $9.8B | ||
| Q3 25 | $10.9B | $9.6B | ||
| Q2 25 | $10.6B | $9.5B | ||
| Q1 25 | $10.8B | $9.4B | ||
| Q4 24 | $10.1B | $9.3B | ||
| Q3 24 | $10.0B | $9.3B | ||
| Q2 24 | $9.8B | $9.1B |
负债/权益比ADSKTMHC
| Q1 26 | 0.82× | — | ||
| Q4 25 | 0.86× | 0.36× | ||
| Q3 25 | 0.92× | 0.35× | ||
| Q2 25 | 0.88× | 0.35× | ||
| Q1 25 | 0.88× | 0.35× | ||
| Q4 24 | 0.88× | 0.36× | ||
| Q3 24 | 0.93× | 0.37× | ||
| Q2 24 | 1.06× | 0.39× |
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 | — |
| 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× | — |
| 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ADSKTMHC
| Q1 26 | $989.0M | — | ||
| Q4 25 | $439.0M | $646.4M | ||
| Q3 25 | $460.0M | $219.6M | ||
| Q2 25 | $564.0M | $-126.0M | ||
| Q1 25 | $692.0M | $77.2M | ||
| Q4 24 | $209.0M | $438.2M | ||
| Q3 24 | $212.0M | $135.9M | ||
| Q2 24 | $494.0M | $-233.3M |
自由现金流ADSKTMHC
| Q1 26 | $972.0M | — | ||
| Q4 25 | $430.0M | $635.3M | ||
| Q3 25 | $451.0M | $206.6M | ||
| Q2 25 | $556.0M | $-133.6M | ||
| Q1 25 | $678.0M | $68.7M | ||
| Q4 24 | $199.0M | $428.2M | ||
| Q3 24 | $203.0M | $127.1M | ||
| Q2 24 | $487.0M | $-241.7M |
自由现金流率ADSKTMHC
| Q1 26 | 49.7% | — | ||
| Q4 25 | 23.2% | 30.3% | ||
| Q3 25 | 25.6% | 9.9% | ||
| Q2 25 | 34.0% | -6.6% | ||
| Q1 25 | 41.4% | 3.6% | ||
| Q4 24 | 12.7% | 18.2% | ||
| Q3 24 | 13.5% | 6.0% | ||
| Q2 24 | 34.4% | -12.1% |
资本支出强度ADSKTMHC
| Q1 26 | 0.9% | — | ||
| Q4 25 | 0.5% | 0.5% | ||
| Q3 25 | 0.5% | 0.6% | ||
| Q2 25 | 0.5% | 0.4% | ||
| Q1 25 | 0.9% | 0.4% | ||
| Q4 24 | 0.6% | 0.4% | ||
| Q3 24 | 0.6% | 0.4% | ||
| Q2 24 | 0.5% | 0.4% |
现金转化率ADSKTMHC
| Q1 26 | 3.13× | — | ||
| Q4 25 | 1.28× | 3.71× | ||
| Q3 25 | 1.47× | 1.09× | ||
| Q2 25 | 3.71× | -0.65× | ||
| Q1 25 | 2.28× | 0.36× | ||
| Q4 24 | 0.76× | 1.81× | ||
| Q3 24 | 0.75× | 0.54× | ||
| Q2 24 | 1.96× | -1.17× |
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% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
