Adobe Inc.
ADBENASDAQ
$271.19
Last price · USD
- Market cap
- $115.8B
- P/E
- 16.2x
- EV / EBITDA
- 12.0x
- P/S
- 4.9x
- FCF yield
- 8.5%
- Div. yield
- 0.00%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Adobe Inc. key metrics & ratios
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Growth (year over year) | |||||||
| Revenue growth | 10.5% | 10.8% | 10.2% | 11.5% | — | — | |
| Operating income growth | 29.1% | 1.4% | 9.1% | 5.1% | — | — | |
| Net income growth | 28.2% | 2.4% | 14.1% | -1.4% | — | — | |
| EPS (diluted) growth | 35.1% | 4.5% | 17.1% | 0.8% | — | — | |
| Free cash flow growth | 25.9% | 12.7% | -6.1% | 7.3% | — | — | |
| Margins | |||||||
| Gross margin | 88.6% | 89.0% | 87.9% | 87.7% | 88.2% | — | |
| Operating margin | 36.6% | 31.3% | 34.3% | 34.6% | 36.8% | — | |
| EBITDA margin | 41.0% | 37.0% | 40.1% | 40.1% | 42.3% | — | |
| Net margin | 30.0% | 25.9% | 28.0% | 27.0% | 30.5% | — | |
| FCF margin | 41.4% | 36.4% | 35.8% | 42.0% | 43.7% | — | |
| Returns on capital | |||||||
| Return on equity | 61.3% | 39.4% | 32.9% | 33.8% | 32.6% | — | |
| Return on assets | 24.2% | 18.4% | 18.2% | 17.5% | 17.7% | — | |
| Return on invested capital | 55.4% | 43.1% | 39.5% | 33.4% | 31.4% | — | |
| Leverage & liquidity | |||||||
| Debt / equity | 0.57x | 0.43x | 0.25x | 0.33x | 0.32x | — | |
| Net debt / EBITDA | 0.12x | -0.20x | -0.39x | 0.06x | 0.12x | — | |
| Current ratio | 1.00x | 1.07x | 1.34x | 1.11x | 1.25x | — | |
| Interest coverage | 33.10x | 41.10x | 58.85x | 54.45x | 51.35x | — | |
| Profitability & operating | |||||||
| EBIT | 8,931 | 7,100 | 6,912 | 6,098 | 5,814 | +11.3% | |
| EBITDA | 9,749 | 7,957 | 7,784 | 7,055 | 6,675 | +9.9% | |
| Operating income | 8,706 | 6,741 | 6,650 | 6,098 | 5,802 | +10.7% | |
| Income before tax | 8,734 | 6,931 | 6,799 | 6,008 | 5,705 | +11.2% | |
| Net income | 7,130 | 5,560 | 5,428 | 4,756 | 4,822 | +10.3% | |
| Earnings per share | |||||||
| EPS (basic) | $16.73 | $12.44 | $11.88 | $10.13 | $10.10 | +13.4% | |
| EPS (diluted) | $16.70 | $12.36 | $11.83 | $10.10 | $10.02 | +13.6% | |
| Share count (millions) | |||||||
| Weighted avg shares outstanding | 426 | 447 | 457 | 470 | 477 | -2.8% | |
| Weighted avg shares outstanding (diluted) | 427 | 450 | 459 | 471 | 481 | -2.9% | |
| Balance sheet highlights | |||||||
| Net debt | 1,217 | (1,557) | (3,061) | 397 | 829 | +10.1% | |
| Total debt | 6,648 | 6,056 | 4,080 | 4,633 | 4,673 | +9.2% | |
| Total investments | 1,164 | 273 | 701 | 1,860 | 1,954 | -12.1% | |
| Total stockholders' equity | 11,623 | 14,105 | 16,518 | 14,051 | 14,797 | -5.9% | |
| Total assets | 29,496 | 30,230 | 29,779 | 27,165 | 27,241 | +2.0% | |
| Cash flow highlights | |||||||
| Free cash flow | 9,852 | 7,824 | 6,942 | 7,396 | 6,893 | +9.3% | |
| Operating cash flow | 10,031 | 8,056 | 7,302 | 7,838 | 7,223 | +8.6% | |
| Capital expenditure | (179) | (232) | (360) | (442) | (330) | — | |
| Net cash from operating activities | 10,031 | 8,056 | 7,302 | 7,838 | 7,230 | +8.5% | |
| Additional fields | |||||||
| Accrued Expenses | 0 | 751 | 679 | 643 | 551 | — | |