ADBE - ADOBE INC.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Nov 28, 2025 10-K ↗	FY 2024 Nov 29, 2024 10-K ↗	FY 2023 Dec 1, 2023 10-K ↗	FY 2022 Dec 2, 2022 10-K ↗	FY 2021 Dec 3, 2021 10-K ↗	FY 2020 Nov 27, 2020 10-K ↗	FY 2019 Nov 29, 2019 10-K ↗	FY 2018 Nov 30, 2018 10-K ↗	FY 2017 Dec 1, 2017 10-K ↗	FY 2016 Dec 2, 2016 10-K ↗	FY 2015 Nov 27, 2015 10-K ↗	FY 2014 Nov 28, 2014 10-K ↗	FY 2013 Nov 29, 2013 10-K ↗	FY 2012 Nov 30, 2012 10-K ↗	FY 2011 Dec 2, 2011 10-K ↗	FY 2010 Dec 3, 2010 10-K ↗	FY 2009 Nov 27, 2009 10-K ↗	FY 2008 Nov 28, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Dec 1, 2006 10-K ↗
Revenue Growth YoY (%)	10.5% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-12%)	10.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-10%)	10.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-15%)	11.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	22.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+89%)	15.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+27%)	23.7% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+98%)	23.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+97%)	24.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+106%)	22.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+84%)	15.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+30%)	2.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-81%)	-7.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-166%)	4.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-63%)	11.0% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-9%)	29.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+142%)	-17.7% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-248%)	13.4% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+11%)	—	—
EPS Growth YoY (%)	34.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	4.7% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	17.2% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	0.3% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	-7.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	80.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	15.0% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	53.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	46.0% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	86.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	133.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-6.9% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-65.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	0.6% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	12.1% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	101.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-54.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	30.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	28.2% Excellent ↑ Excellent Improving Year-over-year change in net income	2.4% Caution ↑ Caution Improving Year-over-year change in net income	14.1% Fair ↓ Fair Declining Year-over-year change in net income	-1.4% Weak ↓ Weak Declining Year-over-year change in net income	-8.3% Weak ↓ Weak Declining Year-over-year change in net income	78.2% Excellent ↑ Excellent Improving Year-over-year change in net income	13.9% Fair ↓ Fair Declining Year-over-year change in net income	52.9% Excellent ↓ Excellent Declining Year-over-year change in net income	44.9% Excellent ↓ Excellent Declining Year-over-year change in net income	85.7% Excellent ↑ Excellent Improving Year-over-year change in net income	134.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-7.4% Weak ↑ Weak Improving Year-over-year change in net income	-65.2% Weak ↓ Weak Declining Year-over-year change in net income	-0.0% Weak ↓ Weak Declining Year-over-year change in net income	7.5% Fair ↓ Fair Declining Year-over-year change in net income	100.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-55.7% Weak Weak Year-over-year change in net income	20.4% Good Good Year-over-year change in net income	—	—
FCF Growth YoY (%)	31.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	15.9% Good ↑ Good Improving Year-over-year change in free cash flow	-3.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	9.3% Fair ↓ Fair Declining Year-over-year change in free cash flow	30.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	33.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	8.0% Fair ↓ Fair Declining Year-over-year change in free cash flow	38.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	38.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	55.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	12.6% Fair ↑ Fair Improving Year-over-year change in free cash flow	19.1% Good ↑ Good Improving Year-over-year change in free cash flow	-22.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	-7.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	47.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-4.5% Weak ↑ Weak Improving Year-over-year change in free cash flow	-12.2% Weak Weak Year-over-year change in free cash flow	-3.3% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	10.5% Good ↓ Good Declining Compound annual revenue growth over 3 years	10.9% Good ↓ Good Declining Compound annual revenue growth over 3 years	14.7% Good ↓ Good Declining Compound annual revenue growth over 3 years	16.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	20.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	20.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	24.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	23.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	20.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	13.0% Good ↑ Good Improving Compound annual revenue growth over 3 years	2.9% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	-0.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.2% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	14.3% Good ↑ Good Improving Compound annual revenue growth over 3 years	5.6% Fair Fair Compound annual revenue growth over 3 years	6.4% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	13.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	14.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	16.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	19.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	21.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	21.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	21.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	17.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	10.6% Good ↑ Good Improving Compound annual revenue growth over 5 years	6.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	4.8% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.1% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	2.5% Caution Caution Compound annual revenue growth over 5 years	6.9% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	18.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	7.2% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	2.8% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	18.6% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	24.1% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	47.2% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	37.2% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	61.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	85.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	59.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-9.1% Weak → Weak Stable Compound annual EPS growth over 3 years	-31.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-27.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	31.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	1.0% Caution Caution Compound annual EPS growth over 3 years	6.3% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Nov 28, 2025 10-K ↗	FY 2024 Nov 29, 2024 10-K ↗	FY 2023 Dec 1, 2023 10-K ↗	FY 2022 Dec 2, 2022 10-K ↗	FY 2021 Dec 3, 2021 10-K ↗	FY 2020 Nov 27, 2020 10-K ↗	FY 2019 Nov 29, 2019 10-K ↗	FY 2018 Nov 30, 2018 10-K ↗	FY 2017 Dec 1, 2017 10-K ↗	FY 2016 Dec 2, 2016 10-K ↗	FY 2015 Nov 27, 2015 10-K ↗	FY 2014 Nov 28, 2014 10-K ↗	FY 2013 Nov 29, 2013 10-K ↗	FY 2012 Nov 30, 2012 10-K ↗	FY 2011 Dec 2, 2011 10-K ↗	FY 2010 Dec 3, 2010 10-K ↗	FY 2009 Nov 27, 2009 10-K ↗	FY 2008 Nov 28, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Dec 1, 2006 10-K ↗
Operating Margin (%) (%)	36.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+83%)	31.3% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+57%)	34.3% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+71%)	34.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+73%)	36.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+84%)	32.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+65%)	29.3% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+46%)	31.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+57%)	29.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+48%)	25.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	18.8% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	10.0% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	10.4% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	26.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	26.1% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+30%)	26.1% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+31%)	23.4% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+17%)	28.7% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+44%)	27.2% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+36%)	—
Effective Tax Rate (%) (%)	18.4% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.8% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.2% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.8% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.5% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-26.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	7.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	7.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.8% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.6% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.0% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	30.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+100%)	25.9% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+72%)	28.0% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+86%)	27.0% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+80%)	30.5% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+104%)	40.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+173%)	26.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+76%)	28.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+91%)	23.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+55%)	20.0% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+33%)	13.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	6.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	7.2% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	18.9% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+26%)	19.8% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+32%)	20.4% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+36%)	13.1% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	24.4% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+62%)	22.9% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+53%)	—
FCF Margin (%) (%)	41.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	36.6% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	35.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	42.0% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	43.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	41.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	36.0% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	41.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	37.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	34.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	26.8% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	27.5% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	23.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	27.9% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	31.6% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	24.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	33.9% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	32.7% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	41.5% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.38x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	1.42x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	1.28x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	1.56x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.43x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.01x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.36x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.45x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.61x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.71x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.04x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	4.24x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.32x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.48x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.60x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.22x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	2.58x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.34x Good Good Free cash flow relative to reported net income Optimal: > 1x	1.81x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Nov 28, 2025 10-K ↗	FY 2024 Nov 29, 2024 10-K ↗	FY 2023 Dec 1, 2023 10-K ↗	FY 2022 Dec 2, 2022 10-K ↗	FY 2021 Dec 3, 2021 10-K ↗	FY 2020 Nov 27, 2020 10-K ↗	FY 2019 Nov 29, 2019 10-K ↗	FY 2018 Nov 30, 2018 10-K ↗	FY 2017 Dec 1, 2017 10-K ↗	FY 2016 Dec 2, 2016 10-K ↗	FY 2015 Nov 27, 2015 10-K ↗	FY 2014 Nov 28, 2014 10-K ↗	FY 2013 Nov 29, 2013 10-K ↗	FY 2012 Nov 30, 2012 10-K ↗	FY 2011 Dec 2, 2011 10-K ↗	FY 2010 Dec 3, 2010 10-K ↗	FY 2009 Nov 27, 2009 10-K ↗	FY 2008 Nov 28, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Dec 1, 2006 10-K ↗
Return on Invested Capital (%)	39.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	29.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	26.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	27.3% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	25.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	30.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	26.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	28.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	20.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	9.3% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	4.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	14.0% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	15.0% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	15.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	11.2% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	17.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	14.6% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	29.5% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	22.3% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	22.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	22.4% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	21.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	17.4% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	15.7% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	15.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.9% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.8% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	7.7% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	3.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	11.8% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	12.2% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	12.2% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	9.5% Fair Fair Operating profit relative to total assets Optimal: > 10%	17.7% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	61.3% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+232%)	39.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+113%)	32.9% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+78%)	33.8% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+83%)	32.6% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+76%)	39.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+114%)	28.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+51%)	27.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+50%)	20.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+8%)	15.7% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	9.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-51%)	4.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-79%)	4.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-77%)	12.5% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	14.4% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-22%)	14.9% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-19%)	7.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-57%)	19.8% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+7%)	15.6% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-16%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Nov 28, 2025 10-K ↗	FY 2024 Nov 29, 2024 10-K ↗	FY 2023 Dec 1, 2023 10-K ↗	FY 2022 Dec 2, 2022 10-K ↗	FY 2021 Dec 3, 2021 10-K ↗	FY 2020 Nov 27, 2020 10-K ↗	FY 2019 Nov 29, 2019 10-K ↗	FY 2018 Nov 30, 2018 10-K ↗	FY 2017 Dec 1, 2017 10-K ↗	FY 2016 Dec 2, 2016 10-K ↗	FY 2015 Nov 27, 2015 10-K ↗	FY 2014 Nov 28, 2014 10-K ↗	FY 2013 Nov 29, 2013 10-K ↗	FY 2012 Nov 30, 2012 10-K ↗	FY 2011 Dec 2, 2011 10-K ↗	FY 2010 Dec 3, 2010 10-K ↗	FY 2009 Nov 27, 2009 10-K ↗	FY 2008 Nov 28, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Dec 1, 2006 10-K ↗
Debt to Equity (x)	0.53x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+19%)	0.29x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-35%)	0.22x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-51%)	0.26x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-43%)	0.28x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-38%)	0.31x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-31%)	0.09x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-79%)	—	—	—	—	—	—	—	—	—	—	0.08x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-82%)	—	—
Interest Coverage (x)	35.39x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	47.14x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	58.85x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	54.45x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	51.35x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	36.53x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	20.82x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	31.83x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	29.14x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	21.20x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	14.07x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	6.91x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	6.26x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	17.49x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	16.42x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	17.44x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	202.67x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	102.63x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	3389.66x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$779.00M	$-3.48B	$-3.51B	$-607.00M	$279.00M	$-361.00M	$-1.66B	$-1.64B	$-2.31B	$-1.01B	$-876.56M	$-1.12B	$-834.56M	$-1.43B	$-989.50M	$-749.89M	$-999.49M	$-536.45M	$-946.42M	$-772.50M
Debt / EBITDA (x)	0.65x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.54x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.48x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.52x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.63x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.82x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.25x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	—	0.34x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Nov 28, 2025 10-K ↗	FY 2024 Nov 29, 2024 10-K ↗	FY 2023 Dec 1, 2023 10-K ↗	FY 2022 Dec 2, 2022 10-K ↗	FY 2021 Dec 3, 2021 10-K ↗	FY 2020 Nov 27, 2020 10-K ↗	FY 2019 Nov 29, 2019 10-K ↗	FY 2018 Nov 30, 2018 10-K ↗	FY 2017 Dec 1, 2017 10-K ↗	FY 2016 Dec 2, 2016 10-K ↗	FY 2015 Nov 27, 2015 10-K ↗	FY 2014 Nov 28, 2014 10-K ↗	FY 2013 Nov 29, 2013 10-K ↗	FY 2012 Nov 30, 2012 10-K ↗	FY 2011 Dec 2, 2011 10-K ↗	FY 2010 Dec 3, 2010 10-K ↗	FY 2009 Nov 27, 2009 10-K ↗	FY 2008 Nov 28, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Dec 1, 2006 10-K ↗
Revenue per Share (USD)	$55.77	$48.10	$42.46	$37.50	$33.07	$26.76	$22.97	$18.41	$14.79	$11.75	$9.61	$8.33	$8.09	$8.90	$8.48	$7.32	$5.62	$6.64	$5.41	—
Basic EPS, GAAP (USD)	$16.73	$12.43	$11.87	$10.13	$10.10	$10.94	$6.07	$5.28	$3.43	$2.35	$1.26	$0.54	$0.58	$1.68	$1.67	$1.49	$0.74	$1.62	$1.24	—
Free Cash Flow per Share (USD)	$23.12	$17.61	$15.19	$15.75	$14.42	$11.04	$8.28	$7.67	$5.54	$4.01	$2.58	$2.29	$1.92	$2.48	$2.68	$1.82	$1.90	$2.17	$2.24	—
Book Value per Share (USD)	$28.14	$31.98	$36.30	$30.41	$31.15	$27.69	$21.80	$19.20	$17.22	$15.02	$14.06	$13.62	$13.55	$13.49	$11.77	$10.35	$9.36	$8.38	$7.96	—
Tangible Book Value per Share (USD)	$-2.99	$2.99	$8.16	$2.74	$4.48	$5.27	$-0.33	$-2.50	$5.37	$4.08	$3.28	$4.13	$3.93	$5.12	$3.93	$3.09	$2.67	$4.33	$7.96	—
Basic Weighted Avg Shares (shares)	426.20M	447.10M	457.10M	469.50M	477.30M	480.90M	486.30M	490.56M	493.63M	498.35M	498.76M	497.87M	501.37M	494.73M	497.47M	519.04M	524.47M	539.37M	584.20M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Nov 28, 2025 10-K ↗	FY 2024 Nov 29, 2024 10-K ↗	FY 2023 Dec 1, 2023 10-K ↗	FY 2022 Dec 2, 2022 10-K ↗	FY 2021 Dec 3, 2021 10-K ↗	FY 2020 Nov 27, 2020 10-K ↗	FY 2019 Nov 29, 2019 10-K ↗	FY 2018 Nov 30, 2018 10-K ↗	FY 2017 Dec 1, 2017 10-K ↗	FY 2016 Dec 2, 2016 10-K ↗	FY 2015 Nov 27, 2015 10-K ↗	FY 2014 Nov 28, 2014 10-K ↗	FY 2013 Nov 29, 2013 10-K ↗	FY 2012 Nov 30, 2012 10-K ↗	FY 2011 Dec 2, 2011 10-K ↗	FY 2010 Dec 3, 2010 10-K ↗	FY 2009 Nov 27, 2009 10-K ↗	FY 2008 Nov 28, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Dec 1, 2006 10-K ↗
Working Capital (USD)	$-37.00M	$711.00M	$2.83B	$868.00M	$1.74B	$2.63B	$-1.70B	$555.91M	$3.72B	$3.03B	$2.61B	$2.11B	$2.52B	$3.13B	$2.52B	$2.15B	$1.63B	$1.97B	—	—
LT Debt (USD)	$6.21B	$4.13B	$3.63B	$3.63B	$4.12B	$4.12B	$989.00M	—	—	—	—	—	—	—	—	—	—	$350.00M	—	—
Total Equity (USD)	$11.62B	$14.11B	$16.52B	$14.05B	$14.80B	$13.26B	$10.53B	$9.36B	$8.46B	$7.42B	$7.00B	$6.78B	$6.72B	$6.67B	$5.78B	$5.19B	$4.89B	$4.41B	$4.65B	$5.15B

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Nov 28, 2025 10-K ↗	FY 2024 Nov 29, 2024 10-K ↗	FY 2023 Dec 1, 2023 10-K ↗	FY 2022 Dec 2, 2022 10-K ↗	FY 2021 Dec 3, 2021 10-K ↗	FY 2020 Nov 27, 2020 10-K ↗	FY 2019 Nov 29, 2019 10-K ↗	FY 2018 Nov 30, 2018 10-K ↗	FY 2017 Dec 1, 2017 10-K ↗	FY 2016 Dec 2, 2016 10-K ↗	FY 2015 Nov 27, 2015 10-K ↗	FY 2014 Nov 28, 2014 10-K ↗	FY 2013 Nov 29, 2013 10-K ↗	FY 2012 Nov 30, 2012 10-K ↗	FY 2011 Dec 2, 2011 10-K ↗	FY 2010 Dec 3, 2010 10-K ↗	FY 2009 Nov 27, 2009 10-K ↗	FY 2008 Nov 28, 2008 10-K ↗	FY 2007 Nov 30, 2007 10-K ↗	FY 2006 Dec 1, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$23.77B	$21.50B	$19.41B	$17.61B	$15.79B	$12.87B	$11.17B	$9.03B	$7.30B	$5.85B	$4.80B	$4.15B	$4.06B	$4.40B	$4.22B	$3.80B	$2.95B	$3.58B	$3.16B	—
Depreciation Expense (USD)	$818.00M	$857.00M	$872.00M	$856.00M	$788.00M	$757.00M	$757.00M	$346.49M	$326.00M	$331.54M	$339.47M	$313.59M	$321.23M	$299.77M	$270.20M	—	—	—	—	—
Net Income, GAAP (USD)	$7.13B	$5.56B	$5.43B	$4.76B	$4.82B	$5.26B	$2.95B	$2.59B	$1.69B	$1.17B	$629.55M	$268.39M	$289.99M	$832.77M	$832.85M	$774.68M	$386.51M	$871.81M	$723.81M	—
Operating Cash Flow (USD)	$10.03B	$8.06B	$7.30B	$7.84B	$7.23B	$5.73B	$4.42B	$4.03B	$2.91B	$2.20B	$1.47B	$1.29B	$1.15B	$1.50B	$1.54B	$1.11B	$1.12B	$1.28B	$1.44B	—

ADOBE INC.

Analytical Summary

20-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

Compare ADBE with peers