Adobe Financial Ratios
NASDAQ: ADBETechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Adobe ratio analysis
Adobe earned a net margin of 30.0% in FY 2025, up from 25.9% a year earlier. Gross margin was 89.3% compared with a median of 86.8% over the prior 9 years. Return on equity reached 61.3%, meaning Adobe generated 0.61 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks.
Debt-to-equity stood at 0.53 versus 0.40 the year before, and the current ratio was 1.00. At the end of FY 2025, ADBE traded at 19.2 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 19.2 to 61.5, with a median of 46.1. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Adobe financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 19.17 | 41.74 | 51.82 | 33.81 | 61.53 | 44.05 | 51.59 | 48.25 | 53.11 | 42.99 |
| Price / sales | 5.74 | 10.73 | 14.42 | 9.11 | 18.64 | 17.83 | 13.47 | 13.63 | 12.14 | 8.49 |
| Price / book | 11.74 | 16.35 | 16.95 | 11.41 | 19.89 | 17.30 | 14.29 | 13.15 | 10.48 | 6.69 |
| Gross margin | 89.3% | 89.0% | 87.9% | 87.7% | 88.2% | 86.6% | 85.0% | 86.8% | 86.2% | 86.0% |
| Operating margin | 36.6% | 31.3% | 34.3% | 34.6% | 36.8% | 32.9% | 29.3% | 31.5% | 29.7% | 25.5% |
| Net margin | 30.0% | 25.9% | 28.0% | 27.0% | 30.5% | 40.9% | 26.4% | 28.7% | 23.2% | 20.0% |
| Free cash flow margin | 41.4% | 36.6% | 35.8% | 42.0% | 43.6% | 41.2% | 36.0% | 41.7% | 37.5% | 34.1% |
| Return on equity (ROE) | 61.3% | 39.4% | 32.9% | 33.8% | 32.6% | 39.7% | 28.0% | 27.7% | 20.0% | 15.7% |
| Return on assets (ROA) | 24.2% | 18.4% | 18.2% | 17.5% | 17.7% | 21.7% | 14.2% | 13.8% | 11.7% | 9.2% |
| Debt / equity | 0.53 | 0.40 | 0.22 | 0.29 | 0.28 | 0.31 | 0.39 | 0.44 | 0.22 | 0.25 |
| Current ratio | 1.00 | 1.07 | 1.34 | 1.11 | 1.25 | 1.48 | 0.79 | 1.13 | 2.05 | 2.08 |
| Revenue growth | 10.5% | 10.8% | 10.2% | 11.5% | 22.7% | 15.2% | 23.7% | 23.7% | 24.7% | 22.1% |
| EPS growth | 35.1% | 4.6% | 17.0% | 0.8% | -7.5% | 80.5% | 15.4% | 53.8% | 45.7% | 87.1% |