ADBE
ADOBE INC.·Technology·Services-Prepackaged Software· 31,360
$263.97
+0.56%
Mkt Cap
$112.5B
Data as of Nov 28, 2025
Good Fair Concern Neutral
Composite Scores
Overall Health
75/100
Weighted composite of profitability, quality, and safety
Quality Focus
80/100
Earnings quality + cash conversion + capital efficiency
Safety Score
61/100
Balance sheet strength + debt safety + liquidity
Dilution Score
81/100
Higher = less shareholder dilution from SBC
Capital Allocation & Returns
ROIC
38.6%
>15% = high quality
Return on Invested Capital (NOPAT / IC)
ROE
61.3%
>15% = strong
Net Income / Shareholders' Equity
ROA
24.2%
>8% = efficient
Net Income / Total Assets
Reinvestment Rate
83.1%
(CapEx + R&D) / Revenue
Balance Sheet Strength
Net Debt / EBITDA
0.08x
<2x = conservative
(Total Debt - Cash) / EBITDA
Current Ratio
1.00x
>1.5x = healthy
Current Assets / Current Liabilities
Quick Ratio
1.00x
>1x = liquid
(Current Assets - Inventory) / Current Liab.
Cash Ratio
0.65x
Cash / Current Liabilities
Debt / Equity
0.53x
<0.5x = conservative
Total Debt / Shareholders' Equity
FCF Yield
55.3%
>5% = attractive
FCF / Market Cap
Earnings Quality
Accruals Ratio
-19.7%
Lower is better; >10% = flag
(Net Income - OCF) / Total Assets
Sloan Ratio
-42.6%
Cash vs accrual gap
Measures discrepancy between cash and accrual earnings
OCF / Net Income
140.7%
>100% = strong conversion
Operating CF / Net Income (%)
FCF Margin
41.5%
>15% = excellent
Free Cash Flow / Revenue
Profitability
Gross Margin
89.3%
Gross Profit / Revenue
Operating Margin
36.6%
Operating Income / Revenue
Net Margin
30.0%
Net Income / Revenue
EBITDA Margin
0.0%
EBITDA / Revenue
Owner Economics & Governance
Shareholder Yield
2500.0%
Div + Buyback yield
(Dividends + Buybacks) / Market Cap
SBC / Revenue
8.2%
<3% = reasonable
Stock-Based Compensation / Revenue
R&D / Revenue
0.0%
Investment intensity
Research & Development / Revenue
Piotroski F-Score
7/9
≥7 = strong
9-point financial strength (profitability, leverage, efficiency)
Beneish M-Score
-2.81
<-2.22 = unlikely
Probability of earnings manipulation; <-2.22 = unlikely
Altman Z-Score
7.73
>3 = safe zone
Bankruptcy risk; >3=safe, 1.8-3=grey, <1.8=distress
Fundamental Beta
0.78
Below Market
0.11.02.5
P25
percentile
-0.188
Earnings Vol
-0.006
Leverage
-0.037
Op. Leverage
-0.106
Size
+0.040
Dividend
+0.028
Growth
+0.034
Liquidity
+0.013
Cyclicality
Fundamental beta derived from 8 accounting-based risk factors (Beaver-Kettler-Scholes framework). β > 1 = riskier than market average. Positive contributions increase systematic risk exposure.
Historical Metrics Explorer
10 periods · 10-K
Income:
Margins:
Returns:
Cash Flow:
Balance Sheet:
Quality:
Current
$23.8B
Average
$14.4B
High
$23.8B
Low
$5.9B
Change
+306.0%
Revenue · Annual
2016-12 (10-K)
$5.9B
2017-12 (10-K)
$7.3B
2018-11 (10-K)
$9.0B
2019-11 (10-K)
$11.2B
2020-11 (10-K)
$12.9B
2021-12 (10-K)
$15.8B
2022-12 (10-K)
$17.6B
2023-12 (10-K)
$19.4B
2024-11 (10-K)
$21.5B
2025-11 (10-K)
$23.8B
2016-122021-122025-11
Avg: $14.4B