ADBE

ADBE·Technology

www.adobe.com

Adobe Inc. operates as a technology company worldwide.

$266.51

▼ -$19.24 (-6.73%)Today

Open

$274.46

High

$275.91

Low

$263.96

Volume

6.6M

$190.1252-Week Range$370.86

Current: $266.51 · Mid Range

MARKET CAP

$105.9B

P/E (TTM)

15.2x

P/B RATIO

9.2x

ROE

63.0%

EPS (TTM)▲ 12.7% Rev YoY

$17.48

DIVIDEND YIELD

N/A

BETA

1.42

Market-correlated

Company Info

Industry

Software - Application

Country

United States

Leadership

Mr. Shantanu Narayen

Chief Executive Officer

Stock Score

High Quality

53/ 100

Val

Grw

Qly

Value 40%·Growth 35%·Quality 25%

Price History

$266.51▼ $-92.15 (-25.69%)

Overlays

Oscillators

Generating analysis...

01 / Income Statement

Income Statement

Revenue & Margin Trend

Period	Revenue	OpEx	EBITDA	Net Income	EPS
2022	$17.61B	$9.34B	$6.98B	$4.76B	$10.10
2023	$19.41B▲	$10.40B	$7.78B	$5.43B▲	$11.82
2024	$21.50B▲	$11.41B	$7.96B	$5.56B▲	$12.36
2025	$23.77B▲	$12.51B	$9.81B	$7.13B▲	$16.70

02 / Balance Sheet

Balance Sheet

Cash & Equivalents

$5.43B

Total Debt

$6.65B

Assets Distribution

Current Assets

Non-Current Assets

Liabilities & Equity

Current Liabilities

Non-Current Liabilities

Equity

03 / Cash Flow

Cash Flow

Positive free cash flow of $9.9B — 98% of operating cash flow.

Operating CF

$10B

Free Cash Flow

$9.9B

Investing CF

-$1.2B

Financing CF

-$11.1B

Cash Flow Mix

Operating Cash$10B

Investing Cash-$1.2B

Financing Cash-$11.1B

Net Change-$2.2B

FCF Generation

The company converts 98% of operating cash flow into free cash flow, providing ample flexibility for capital allocation.

CapEx Burden

Capital expenditures consume $1.2B of operating cash. Monitor for maintenance vs. growth CapEx split.

Is the cash flow sustainable?

Positive Free Cash Flow

The company has flexibility for dividends, buybacks, debt reduction, or reinvestment in growth opportunities.

04 / Financial Ratios

Financial Ratios

Profitability

Gross Margin

89.3%

Gross Profit / Revenue

Operating Margin

36.6%

Op. Income / Revenue

Net Margin

30.0%

Net Income / Revenue

ROIC

39.0%

Return on Invested Capital

Liquidity & Leverage

Current Ratio

1.00x

Current Assets / Current Liab.

Cash Ratio

0.53x

Cash / Current Liab.

Debt-to-Equity

0.57

Total Debt / Equity

Asset Turnover

0.81

Revenue / Total Assets

Returns

ROE

63.0%

Return on Equity

ROA

19.9%

Return on Assets

EPS (TTM)

$17.48

Earnings Per Share

06 / Historical Trends

Historical Trends

Revenue

+10.5% CAGR

Net Income

+14.5% CAGR

EPS

+18.2% CAGR

Institutional Ownership

Moderate Institutional Support

Top 3 institutional holders control 22.1% of shares, providing a stable foundation of institutional capital.

Retail Influence

Lower institutional concentration means retail sentiment and broader market trends may drive price action more noticeably.

Top Institutional Holders

Blackrock Inc.10.35%

41.16M shares

Vanguard Capital Management LLC6.64%

26.41M shares

State Street Corporation5.16%

20.52M shares

Invesco Ltd.3.69%

14.65M shares

Geode Capital Management, LLC2.92%

11.62M shares

Top ETFs Holding

VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund3.23%

12.83M shares

VANGUARD INDEX FUNDS-Vanguard 500 Index Fund2.63%

10.47M shares

Invesco QQQ Trust, Series 12.11%

8.37M shares

iShares Trust-iShares Core S&P 500 ETF1.40%

5.56M shares

Fidelity Concord Street Trust-Fidelity 500 Index Fund1.31%

5.23M shares

07 / Market Events

Market Events

Upcoming Earnings

SEP

10THU

DateSep 10, 2026

DayThursday

Revenue Est.$6.7B

EPS Est.$6.09

Split Record

Date	Type	Ratio
2005-05-24	Forward	2:1
2000-10-25	Forward	2:1
1999-10-27	Forward	2:1
1993-08-11	Forward	2:1
1988-11-23	Forward	2:1

08 / Market Intelligence

Market Intelligence

Analyst Consensus

Consensus (40 Ratings)

Hold

Strong Buy

Buy

Hold

Sell

Strong Sell

Recent Insider Trades

DAY STEVEN

Chief Financial Officer

Sale

58 shs

FORUSZ JILLIAN

Officer

Sale

416 shs

PENTLAND ADELE LOUISE

Officer

Sale

1,308 shs

CHEN GLORIA T

Officer

Sale

3,245 shs

Price Targets

Upside to Mean+3.8%

$190$277$380

Low

$190.00

Mean

$276.58

Median

$255.00

High

$380.00

Earnings History

Beat Rate

4/4

Avg Surprise

+2.5%

Period	Est. EPS	Act. EPS	Surprise
2025-08	$5.18	$5.31	+2.5%
2025-11	$5.40	$5.50	+1.9%
2026-02	$5.87	$6.06	+3.2%
2026-05	$5.81	$5.96	+2.5%