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Adobe ADBE Net debt / EBITDA

Net debt / EBITDA at other companies

Autodesk logo
AutodeskADSK
0.3×-0.2×
Fair Isaac logo
Fair IsaacFICO
+0.1×
Salesforce logo
SalesforceCRM
2.7×+2.6×
Oracle logo
OracleORCL
-0.4×-4.0×
Twilio logo
TwilioTWLO
1.2×-2.1×
Shopify logo
ShopifySHOP
-1×-1.2×

Other financials

Income statement

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Revenue$6.6B+12.7%
Gross profit$5.9B+12.8%
Operating income$2.2B+6.1%
Net income$1.7B+1.2%
EPS (diluted)$4.25+7.9%

Balance sheet

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Cash & equivalents$4.9B-0.2%
Total debt$7.1B+7.6%
Total equity$11.5B+0.6%
Total assets$29.9B+6.5%

Cash flow

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Operating cash flow$2.2B-1.2%
CapEx$58.0M+23.4%
Free cash flow$2.1B-1.7%

Valuation

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Market cap$78.02B-40.5%
Enterprise value$80.17B-39.8%
P/E10.8×-8.3×
P/S3.1×-2.7×

Profitability

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Gross margin89.4%+0.2pp
Operating margin36.1%-0.3pp
Net margin28.7%-1.7pp

Returns & leverage

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Return on equity63%+10.7pp
Debt / equity0.6×0.0×
Current ratio0.8×-0.2×

Where this comes from

Calculated from Adobe’s reported figures.

Based on the most recent quarter.

The official record: Adobe’s 10-Q, filed June 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Adobe's net debt / EBITDA?
Adobe (ADBE) reported net debt / EBITDA of 0.2× in Q1 2026.
How has Adobe's net debt / EBITDA changed year-over-year?
Adobe's net debt / EBITDA increased by 21.2% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for Adobe's net debt / EBITDA?
Over 4 years (2021 to 2025), Adobe's net debt / EBITDA has grown at a 1.5% compound annual growth rate (CAGR), from 0.4× to 0.5×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.