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欧特克（ADSK）与TRINET GROUP, INC.（TNET）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TRINET GROUP, INC.的1.6倍（$2.0B vs $1.2B），欧特克同比增速更快（19.4% vs -2.2%），欧特克自由现金流更多（$972.0M vs $43.0M），过去两年欧特克的营收复合增速更高（17.5% vs -0.6%）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
ADSK vs TNET — 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21.6%
-2.2%
自由现金流更多
ADSK
多$929.0M
$43.0M
两年增速更快
ADSK
近两年复合增速
-0.6%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $316.0M | — |
| 毛利率 | 91.5% | — |
| 营业利润率 | 22.0% | 0.1% |
| 净利率 | 16.1% | — |
| 营收同比 | 19.4% | -2.2% |
| 净利润同比 | 4.3% | — |
| 每股收益（稀释后） | $1.47 | $0.02 |
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ADSKTNET
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B |
净利润ADSKTNET
| Q1 26 | $316.0M | — | ||
| Q4 25 | $343.0M | — | ||
| Q3 25 | $313.0M | $34.0M | ||
| Q2 25 | $152.0M | $37.0M | ||
| Q1 25 | $303.0M | $85.0M | ||
| Q4 24 | $275.0M | — | ||
| Q3 24 | $282.0M | $45.0M | ||
| Q2 24 | $252.0M | $60.0M |
毛利率ADSKTNET
| 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ADSKTNET
| Q1 26 | 22.0% | — | ||
| Q4 25 | 25.4% | 0.1% | ||
| Q3 25 | 25.2% | 4.1% | ||
| Q2 25 | 14.3% | 4.1% | ||
| Q1 25 | 22.3% | 8.9% | ||
| Q4 24 | 22.0% | -2.9% | ||
| Q3 24 | 22.8% | 4.7% | ||
| Q2 24 | 21.1% | 6.5% |
净利率ADSKTNET
| Q1 26 | 16.1% | — | ||
| Q4 25 | 18.5% | — | ||
| Q3 25 | 17.8% | 2.8% | ||
| Q2 25 | 9.3% | 3.0% | ||
| Q1 25 | 18.5% | 6.6% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 18.7% | 3.6% | ||
| Q2 24 | 17.8% | 4.9% |
每股收益（稀释后）ADSKTNET
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.60 | $0.02 | ||
| Q3 25 | $1.46 | $0.70 | ||
| Q2 25 | $0.70 | $0.77 | ||
| Q1 25 | $1.39 | $1.71 | ||
| Q4 24 | $1.27 | $-0.44 | ||
| Q3 24 | $1.30 | $0.89 | ||
| Q2 24 | $1.16 | $1.20 |
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 | $287.0M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $3.0B | $54.0M |
| 总资产 | $12.5B | $3.8B |
| 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ADSKTNET
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.3B | $287.0M | ||
| Q3 25 | $2.2B | $321.0M | ||
| Q2 25 | $2.0B | $407.0M | ||
| Q1 25 | $1.9B | $349.0M | ||
| Q4 24 | $1.7B | $360.0M | ||
| Q3 24 | $1.9B | $301.0M | ||
| Q2 24 | $2.0B | $249.0M |
总债务ADSKTNET
| 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ADSKTNET
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $54.0M | ||
| Q3 25 | $2.7B | $110.0M | ||
| Q2 25 | $2.6B | $107.0M | ||
| Q1 25 | $2.6B | $63.0M | ||
| Q4 24 | $2.6B | $69.0M | ||
| Q3 24 | $2.5B | $129.0M | ||
| Q2 24 | $2.2B | $100.0M |
总资产ADSKTNET
| Q1 26 | $12.5B | — | ||
| Q4 25 | $11.2B | $3.8B | ||
| Q3 25 | $10.9B | $3.4B | ||
| Q2 25 | $10.6B | $3.7B | ||
| Q1 25 | $10.8B | $3.8B | ||
| Q4 24 | $10.1B | $4.1B | ||
| Q3 24 | $10.0B | $3.7B | ||
| Q2 24 | $9.8B | $3.7B |
负债/权益比ADSKTNET
| 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 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $972.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 49.7% | 3.4% |
| 资本支出强度资本支出/营收 | 0.9% | 1.4% |
| 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 | $234.0M |
8季度趋势，按日历期对齐
经营现金流ADSKTNET
| Q1 26 | $989.0M | — | ||
| Q4 25 | $439.0M | $61.0M | ||
| Q3 25 | $460.0M | $72.0M | ||
| Q2 25 | $564.0M | $75.0M | ||
| Q1 25 | $692.0M | $95.0M | ||
| Q4 24 | $209.0M | $65.0M | ||
| Q3 24 | $212.0M | $84.0M | ||
| Q2 24 | $494.0M | $39.0M |
自由现金流ADSKTNET
| Q1 26 | $972.0M | — | ||
| Q4 25 | $430.0M | $43.0M | ||
| Q3 25 | $451.0M | $55.0M | ||
| Q2 25 | $556.0M | $57.0M | ||
| Q1 25 | $678.0M | $79.0M | ||
| Q4 24 | $199.0M | $47.0M | ||
| Q3 24 | $203.0M | $59.0M | ||
| Q2 24 | $487.0M | $22.0M |
自由现金流率ADSKTNET
| Q1 26 | 49.7% | — | ||
| Q4 25 | 23.2% | 3.4% | ||
| Q3 25 | 25.6% | 4.5% | ||
| Q2 25 | 34.0% | 4.6% | ||
| Q1 25 | 41.4% | 6.1% | ||
| Q4 24 | 12.7% | 3.7% | ||
| Q3 24 | 13.5% | 4.8% | ||
| Q2 24 | 34.4% | 1.8% |
资本支出强度ADSKTNET
| Q1 26 | 0.9% | — | ||
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 0.5% | 1.4% | ||
| Q2 25 | 0.5% | 1.5% | ||
| Q1 25 | 0.9% | 1.2% | ||
| Q4 24 | 0.6% | 1.4% | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 0.5% | 1.4% |
现金转化率ADSKTNET
| Q1 26 | 3.13× | — | ||
| Q4 25 | 1.28× | — | ||
| Q3 25 | 1.47× | 2.12× | ||
| Q2 25 | 3.71× | 2.03× | ||
| Q1 25 | 2.28× | 1.12× | ||
| Q4 24 | 0.76× | — | ||
| Q3 24 | 0.75× | 1.87× | ||
| Q2 24 | 1.96× | 0.65× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
