Adobe Inc.
—- Market cap
- —
- Debt
- +$6.21B
- Cash
- −$6.60B
Complete market value, debt and cash evidence is required for enterprise value.
Quick read
Fair value engine
Each company valued on the other's multiple, then compared with the market price.
ADBE · price snapshot
—Price unavailable
Implied fair value · at CRM's multiple
—
Needs CRM P/E.
CRM · price snapshot
—Price unavailable
Implied fair value · at ADBE's multiple
—
Needs ADBE P/E.
Metric by metric
Smart diff
Where each company leads, and how wide the gap is.
6 metrics shown
MetricADBECRMDifference (ADBE − CRM)
Revenue growth (YoY)
Growth edge
10.5%
9.6%
ADBE: higher Revenue growth (YoY) by 0.9 percentage points
Gross margin
Pricing power
89.3%
77.7%
ADBE: higher Gross margin by 11.6 percentage points
EBITDA margin
Operating leverage
39.1%
23.6%
ADBE: higher EBITDA margin by 15.5 percentage points
EV/Revenue
Lower is better
N/M
N/M
Insufficient data
P/E
Not comparable
N/M
N/M
Not comparable
Net debt / EBITDA
Lower leverage
-0.0
1.1
ADBE: lower Net debt / EBITDA by 1.2
Statements
Side-by-side financials
Core statements aligned to each company's latest fiscal year.
Income statement · USDADBE · FY 2025CRM · FY 2026Delta
Revenue$23.77B$41.53B−$17.76B
Gross profit$21.22B$32.26B−$11.04B
Operating income$8.71B$8.33B+$375.00M
EBITDA$9.29B$9.80B−$506.00M
Net income$7.13B$7.46B−$327.00M
EPS16.77.8+8.9
Revenue growth10.5%9.6%+0.9 pp
Gross margin89.3%77.7%+11.6 pp
Operating margin36.6%20.1%+16.6 pp
EBITDA margin39.1%23.6%+15.5 pp
Net margin30.0%18.0%+12.0 pp
SEC periods: ADBE FY 2025 (ended Nov 28, 2025) · CRM FY 2026 (ended Jan 31, 2026). Fiscal years are not aligned.
Trendline
Historical trends
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
ADBECRM
Price framework
Enterprise value
Market cap plus debt, less cash.
Salesforce, Inc.
—Price framework
Intrinsic value (DCF)
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
ADOBE INC. · implied price per share
$306.53
$130.89B equity value÷427.00M shares=$306.53
Bear
$260.76
Base
$306.53
Bull
$366.14
Cash-flow base$9B
Growth10.0%
Discount rate10.5%
Balance sheet health
Solvency
Financial health checks to separate durable balance sheets from potential value traps.
Piotroski F-Score
Financial strength on a 0–9 scale.
7/ 9 · ADBEStrong
7/ 9 · CRMStrong
Altman Z-Score
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Comparable set
Relative positioning
Where the pair sits against the wider comparable set.
Keep comparing
More comparisons
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
