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Adobe ADBE Return on invested capital

Return on invested capital at other companies

Autodesk logo
AutodeskADSK
39.4%+8.6pp
Fair Isaac logo
Fair IsaacFICO
66.4%+13.8pp
Salesforce logo
SalesforceCRM
10.5%+0.8pp
Oracle logo
OracleORCL
30.6%+13.6pp
Twilio logo
TwilioTWLO
2.9%+2.7pp
Shopify logo
ShopifySHOP
15.2%

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 trailing twelve months.

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 return on invested capital?
Adobe (ADBE) reported return on invested capital of 53.9% in Q1 2026.
How has Adobe's return on invested capital changed year-over-year?
Adobe's return on invested capital increased by 4.7% year-over-year, from 51.5% to 53.9%.
What is the long-term trend for Adobe's return on invested capital?
Over 4 years (2021 to 2025), Adobe's return on invested capital has grown at a 9.2% compound annual growth rate (CAGR), from 147.5% to 209.6%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.