ADBEADOBE INC.
Services-Prepackaged Software
- Revenue
- $23.8B
- 11% YoY
- Operating margin
- 36.6%
- 17% YoY
- EBITDA
- $9.5B
- 25% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.0×
- −$221M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear141% of net incomeCash flow under 80% of net income
- Dilutive SBCClear8% of revenueOver 10% of revenue
- Payouts exceed cash flowFired112% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired47% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $15.8B | $17.6B | $19.4B | $21.5B | $23.8B | 11% |
| Operating income | $5.8B | $6.1B | $6.7B | $6.7B | $8.7B | 29% |
| Net income | $4.8B | $4.8B | $5.4B | $5.6B | $7.1B | 28% |
| Operating cash flow | $7.2B | $7.8B | $7.3B | $8.1B | $10.0B | 25% |
| Capex | $348M | $442M | $360M | $183M | $179M | 2.2% |
| Stock-based comp | $1.1B | $1.4B | $1.7B | $1.8B | $1.9B | 5.9% |
| Buybacks | $4.0B | $6.5B | $4.4B | $9.5B | $11.3B | 19% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.