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Adobe Inc. ADBE NDXSPXAI

Technology · Software - Application · United States
https://www.adobe.com

Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content. This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers. The Digital Experience segment provides an integrated platform; and products, services, and solutions that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers e-learning, technical document publishing, web conferencing, document and forms platform, web application development, printing, and Adobe Advertising solutions. It also provides consulting, training, customer management, technical support, and learning services. The company offers its solutions to enterprise customers, and businesses and consumers; and licenses its products to end-user customers through app stores and website at adobe.com. It markets and distributes its products through distributors, retailers, software developers, mobile app stores, systems integrators, independent software vendors, value-added resellers, and original equipment and hardware manufacturers. The company also provides an online visibility management and content marketing software-as-a-service platform. The company has a strategic alliance with HUMAIN for the development of generative AI models and AI-powered applications. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.

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$259.21
-37.55% 1Y

Market & Price

Market Cap
$104.77B
Current Price
$259.21
High / Low (52W)
$416.92 / $225.35
Beta
1.42

Valuation

Stock P/E
15.11
Industry PE
32.74
Forward P/E
9.82
PEG Ratio
0.69
Book Value
$28.16
Price to Book
9.20
P/S
4.28
EV/EBITDA
10.99
Dividend Yield
-

Profitability & Returns

ROCE
46.63%
ROE
58.77%
ROA
18.91%
Profit Margin
29.48%
Op Margin
38.76%
EPS (Latest Qtr)
$4.60
EPS (TTM)
$17.16

Balance Sheet & Liquidity

Debt/Equity
0.58
Quick Ratio
0.79
Current Ratio
0.91
Debt
$6.67B
Total Assets
$29.50B
Current Assets
$10.16B
Working Capital
$-37.00M

Ownership

Promoter Holding
0.22%
Chg in Prom Hold
-
FII / Inst Holding
86.08%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
$104.54B
Total Revenue (TTM)
$24.45B
EBITDA
$9.52B
Free Cash Flow
$9.32B
Operating Cash Flow
$10.51B
Shares Outstanding
404.20M
Gross Margin
89.40%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
10.52%
Profit 5Y
14.45%
Revenue (YoY)
12.00%
Earnings (YoY)
11.10%

PROS

  • Strong return on equity of 58.8%.
  • Healthy ROCE of 46.6%.
  • Excellent profit margin of 29.5%.
  • Compounding revenue at 10.5% over 5 years.
  • Profit CAGR of 14.5% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading 37.8% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ADBE Adobe Inc. NDXSPXAI 259.21 15.11 $104.77B - 46.63% 58.77% 10.52% 14.45%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
Ad space

Quarterly Results

Figures in USD.

Metric Aug 2015Nov 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Aug 2018Nov 2018Mar 2019May 2019Aug 2019Nov 2019Feb 2020May 2020Aug 2020Nov 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024May 2024Aug 2024Nov 2024Feb 2025May 2025Aug 2025Nov 2025Feb 2026
Revenue 1.22B1.31B1.38B1.40B1.46B1.61B1.68B1.77B1.84B2.01B2.08B2.20B2.29B2.46B2.60B2.74B2.83B2.99B3.09B3.13B3.23B3.42B3.90B3.83B3.94B4.26B4.39B4.43B4.66B4.82B4.89B5.18B5.31B--5.71B5.87B5.99B6.19B6.40B
Cost of Revenue -----------------------------------622.00M638.00M642.00M649.00M664.00M
Gross Profit 1.03B1.11B1.18B1.20B1.26B1.39B1.44B1.53B1.58B1.74B1.82B1.91B2.00B2.11B2.20B2.34B2.42B2.54B2.64B2.71B2.80B3.00B3.46B3.39B3.47B3.75B3.85B3.89B4.09B4.24B4.31B4.59B4.71B--5.09B5.24B5.35B5.54B5.73B
Operating Expenses -----------------------------------2.93B3.13B3.17B3.28B3.32B
Operating Income 246.02M-307.76M344.24M369.32M-469.00M504.08M545.67M-702.73M698.48M718.61M-695.00M750.00M854.00M-937.00M1.02B1.07B-1.45B1.41B1.44B1.58B1.53B1.48B1.59B1.62B1.70B907.00M1.89B--2.16B2.11B2.17B2.26B2.42B
EBITDA -----------------------------------2.46B2.38B2.46B2.51B2.66B
Interest Expense -----------------------------------62.00M68.00M67.00M66.00M63.00M
Pretax Income -----------------------------------2.18B2.10B2.19B2.26B2.42B
Tax Provision -----------------------------------371.00M410.00M415.00M408.00M533.00M
Net Income 174.47M222.71M254.31M244.07M270.79M399.61M398.45M374.39M419.57M501.55M583.08M663.17M666.29M678.24M674.00M633.00M793.00M852.00M955.00M1.10B955.00M2.25B1.26B1.12B1.21B1.27B1.18B1.14B1.25B1.29B1.40B620.00M1.57B--1.81B1.69B1.77B1.86B1.89B
Diluted EPS 0.340.440.500.480.540.800.800.750.841.001.171.331.341.371.361.291.611.741.962.271.974.642.612.322.522.662.492.422.712.823.051.363.49--4.143.944.184.454.60

Profit & Loss (Annual)

Figures in USD.

Metric Nov 2007Nov 2008Nov 2009Dec 2010Dec 2011Nov 2012Nov 2013Nov 2014Nov 2015Dec 2016Dec 2017Nov 2018Nov 2019Nov 2020Dec 2021Nov 2022Dec 2022Nov 2023Dec 2023Nov 2024Nov 2025
Revenue 3.16B3.58B2.95B3.80B4.22B4.40B4.06B4.15B4.80B5.85B7.30B9.03B11.17B12.87B15.79B17.61B17.61B19.41B19.41B21.50B23.77B
Cost of Revenue ---------------2.17B-2.35B-2.36B2.55B
Gross Profit 2.80B3.22B2.65B3.40B3.78B3.92B3.47B3.52B4.05B5.03B6.29B7.83B9.50B11.15B13.92B15.44B15.44B17.05B17.05B19.15B21.22B
Operating Expenses ---------------9.34B-10.40B-11.41B12.51B
Operating Income 857.59M1.03B690.51M993.07M1.10B1.18B422.72M412.69M903.10M1.49B2.17B2.84B3.27B4.24B5.80B6.10B6.10B6.65B6.65B7.74B8.71B
EBITDA ---------------6.98B-7.78B-7.96B9.81B
Interest Expense ---------------112.00M-113.00M-169.00M263.00M
Pretax Income ---------------6.01B-6.80B-6.93B8.73B
Tax Provision ---------------1.25B-1.37B-1.37B1.60B
Net Income 723.81M871.81M386.51M774.68M832.85M832.77M289.99M268.39M629.55M1.17B1.69B2.59B2.95B5.26B4.82B4.76B4.76B5.43B5.43B5.56B7.13B
Diluted EPS 1.211.590.731.471.651.660.560.531.242.323.385.206.0010.8310.0210.1010.1011.8211.8212.3616.70

Compounded Sales Growth

5 Years:10.52%
1 Year:12.00%

Compounded Profit Growth

5 Years:14.45%
1 Year:11.10%

Stock Price Performance

1 Year:-37.55%
6 Months:-18.88%
3 Months:-1.22%
1 Month:+6.42%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2006Nov 2007Nov 2008Nov 2009Dec 2010Dec 2011Nov 2012Nov 2013Nov 2014Nov 2015Dec 2016Dec 2017Nov 2018Nov 2019Nov 2020Nov 2021Dec 2021Nov 2022Dec 2022Nov 2023Dec 2023Nov 2024Nov 2025
Total Assets --5.82B7.28B8.14B8.99B10.04B10.38B10.79B11.73B12.70B14.54B18.77B20.76B24.28B-27.24B27.16B27.16B29.78B29.78B30.23B29.50B
Current Assets -----------------9.00B-11.08B-11.23B10.16B
Cash & Equivalents 772.50M946.42M886.45M999.49M749.89M989.50M1.43B834.56M1.12B876.56M1.01B2.31B1.64B2.65B4.48B-3.84B4.24B4.24B7.14B7.14B7.61B5.43B
Inventory -----------------------
Receivables -----------------2.06B-2.22B-2.07B2.34B
Total Liabilities --1.41B2.39B2.95B3.21B3.38B3.66B4.01B4.72B5.27B6.08B9.41B10.23B11.02B-12.44B13.11B13.11B13.26B13.26B16.12B17.87B
Current Liabilities --762.60M844.55M1.07B1.25B1.27B1.53B2.49B2.21B2.81B3.53B4.30B8.19B5.51B-6.93B8.13B8.13B8.25B8.25B10.52B10.20B
Long Term Debt --350.00M1.00B-------------3.63B-3.63B-4.13B6.21B
Total Debt -----------------4.63B-4.08B-6.06B6.65B
Total Equity 5.15B4.65B4.41B4.89B5.19B5.78B6.67B6.72B6.78B7.00B7.42B8.46B9.36B10.53B13.26B-14.80B14.05B14.05B16.52B16.52B14.11B11.62B
Shares Outstanding -----------------601.00M-601.00M-601.00M601.00M

Cash Flows (Annual)

Figures in USD.

Metric Nov 2007Nov 2008Nov 2009Dec 2010Dec 2011Nov 2012Nov 2013Nov 2014Nov 2015Dec 2016Dec 2017Nov 2018Nov 2019Nov 2020Nov 2021Dec 2021Nov 2022Dec 2022Nov 2023Dec 2023Nov 2024Nov 2025
Operating Cash Flow 1.44B1.28B1.12B1.11B1.54B1.50B1.15B1.29B1.47B2.20B2.91B4.03B4.42B5.73B-7.23B7.84B7.84B7.30B7.30B8.06B10.03B
Investing Cash Flow 81.54M-304.68M-1.50B-1.16B-757.40M-834.66M-1.18B-490.71M-1.49B-960.03M-442.88M-4.68B-456.00M-414.00M--3.54B-570.00M-570.00M776.00M776.00M149.00M-1.19B
Financing Cash Flow -1.35B-1.02B477.64M-215.26M-550.36M-234.72M-559.14M-507.28M-200.69M-1.09B-1.18B-5.00M-2.95B-3.49B--4.30B-6.83B-6.83B-5.18B-5.18B-7.72B-11.06B
Capital Expenditure -132.07M-111.79M-119.59M-169.64M-210.29M-271.08M-188.36M-148.33M-184.94M-203.81M-178.12M-267.00M-395.00M-419.00M--348.00M-442.00M-442.00M-360.00M-360.00M-183.00M-179.00M
Free Cash Flow 1.31B1.17B998.20M943.35M1.33B1.23B963.33M1.14B1.28B2.00B2.73B3.76B4.03B5.31B-6.88B7.40B7.40B6.94B6.94B7.87B9.85B
Net Change in Cash ----------------443.00M-2.90B-481.00M-2.22B
Share Buybacks 1.95B1.72B350.01M850.02M695.01M405.00M1.10B600.00M625.00M1.07B1.10B2.05B2.75B3.05B-3.95B-6.55B-4.40B9.50B11.28B

Ratios (Annual)

Figures in %.

Metric Nov 2007Nov 2008Nov 2009Dec 2010Dec 2011Nov 2012Nov 2013Nov 2014Nov 2015Dec 2016Dec 2017Nov 2018Nov 2019Nov 2020Dec 2021Nov 2022Dec 2022Nov 2023Dec 2023Nov 2024Nov 2025
Gross Margin % 88.8%89.9%89.9%89.4%89.6%89.0%85.5%85.0%84.5%86.0%86.2%86.8%85.0%86.6%88.2%87.7%87.7%87.9%87.9%89.0%89.3%
Operating Margin % 27.2%28.7%23.4%26.1%26.1%26.8%10.4%10.0%18.8%25.5%29.7%31.5%29.3%32.9%36.8%34.6%34.6%34.3%34.3%36.0%36.6%
Net Margin % 22.9%24.4%13.1%20.4%19.8%18.9%7.2%6.5%13.1%20.0%23.2%28.7%26.4%40.9%30.5%27.0%27.0%28.0%28.0%25.9%30.0%
ROE % 15.6%19.8%7.9%14.9%14.4%12.5%4.3%4.0%9.0%15.7%20.0%27.7%28.0%39.7%32.6%33.8%33.8%32.9%32.9%39.4%61.3%
ROCE % -20.3%10.7%14.0%14.2%13.5%4.8%5.0%9.5%15.1%19.7%19.6%26.0%22.6%28.6%32.0%32.0%30.9%30.9%39.3%45.1%

Shareholding Pattern

Insiders
0.22%
Institutions
86.08%
Public Float
86.27%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 10.10% 40.81M $10.58B
2 Vanguard Capital Management LLC 6.60% 26.68M $6.92B
3 State Street Corporation 4.93% 19.91M $5.16B
4 Geode Capital Management, LLC 2.90% 11.73M $3.04B
5 Vanguard Portfolio Management LLC 2.47% 9.97M $2.59B
6 Arrowstreet Capital, Limited Partnership 1.68% 6.79M $1.76B
7 Morgan Stanley 1.40% 5.68M $1.47B
8 Invesco Ltd. 1.38% 5.57M $1.44B
9 Bank Of New York Mellon Corporation 1.29% 5.21M $1.35B
10 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 1.24% 5.03M $1.30B

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