Adobe Inc.
ADBE Technology Software Application
Adobe Inc.’s revenue for fiscal 2025 (year ended November 2025) was $23.8 billion, up 10.5% from fiscal 2024. In the quarter to August 2026, revenue grew 12.9%, EPS grew 10.8%, free cash flow grew 14.7% and total debt rose 2.63%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years; insiders bought in the last twelve months.
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Adobe Inc. (ADBE) Price to free cash flow
As of 16 October 2026, Adobe Inc. (ADBE) trades at a price to free cash flow of 9.1×. Over the past ten years it has ranged from 7.6× (June 2026) to 57.3× (August 2020); the current reading is higher than 2% of that period. That is below the Software Application industry median of 17.6× and below the Technology sector median of 20.0×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 14.0× | (52.37%) |
| FY2024 | 29.3× | (27.14%) |
| FY2023 | 40.2× | 83.50% |
| FY2022 | 21.9× | (52.79%) |
| FY2021 | 46.4× | 7.08% |
| FY2020 | 43.4× | 18.67% |
| FY2019 | 36.5× | 11.58% |
| FY2018 | 32.7× | (0.03%) |
| FY2017 | 32.8× | 27.61% |
| FY2016 | 25.7× | (24.46%) |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Aug 2026 | 10.9× | 1.89% |
| May 2026 | 10.7× | 3.36% |
| Feb 2026 | 10.4× | (25.73%) |
| Nov 2025 | 14.0× | (8.34%) |
| 43 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| MSTR Strategy Inc compare | n/m |
| ADBE Adobe Inc. | 9.1× |
| INTU Intuit Inc. compare | 10.4× |
| UBER Uber Technologies, Inc. compare | 14.2× |
| ADP Automatic Data Processing, Inc. compare | 24.3× |
| NOW ServiceNow, Inc. compare | 32.3× |
| CDNS Cadence Design Systems, Inc. compare | 52.4× |
| DDOG Datadog, Inc. compare | 82.1× |
| SNOW Snowflake Inc. compare | 89.6× |
| Software Application industry median | 17.6× |
| Technology sector median | 20.0× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on ADBE
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement