ADBE vs CRM
Adobe Inc. and Salesforce, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ADBE | CRM |
|---|---|---|
| Revenue | $23.8B | $41.5B |
| Net income | $7.1B | $7.5B |
| Gross margin | 89.3% | 77.7% |
| Net margin | 30.0% | 18.0% |
| Return on equity | 55.4% | 12.4% |
| Diluted EPS | $16.70 | $7.80 |
| Dividend / share | · | · |
| Payout ratio | · | 21.3% |
| Free cash flow | $9.9B | $14.4B |
| Equity | $11.6B | $59.1B |
| Net debt / equity | 0.07× | 0.12× |
| Current ratio | 1.00× | 0.76× |
| Revenue CAGR 5y | 13.1% | 14.3% |
| Profit CAGR 5y | 6.3% | 12.9% |
CRM bills 1.7× the revenue of ADBE, and ADBE keeps more of each dollar of revenue as profit (30.0% against 18.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ADBE | CRM |
|---|---|---|
| FY2025 | $23.8B | $41.5B |
| FY2024 | $21.5B | $37.9B |
| FY2023 | $19.4B | $34.9B |
| FY2022 | $17.6B | $31.4B |
| FY2021 | $15.8B | $26.5B |
| FY2020 | $12.9B | $21.3B |
| FY2019 | $11.2B | $17.1B |
| FY2018 | $9.0B | $13.3B |
| FY2017 | $7.3B | $10.5B |
| FY2016 | $5.9B | $8.4B |
Bottom line
| Fiscal year | ADBE | CRM |
|---|---|---|
| FY2025 | $7.1B | $7.5B |
| FY2024 | $5.6B | $6.2B |
| FY2023 | $5.4B | $4.1B |
| FY2022 | $4.8B | $208.0M |
| FY2021 | $4.8B | $1.4B |
| FY2020 | $5.3B | $4.1B |
| FY2019 | $3.0B | $126.0M |
| FY2018 | $2.6B | $1.1B |
| FY2017 | $1.7B | $360.0M |
| FY2016 | $1.2B | $323.0M |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$17,756,000,000 | CRM |
| FY2024 | −$16,390,000,000 | CRM |
| FY2023 | −$15,448,000,000 | CRM |
| FY2022 | −$13,746,000,000 | CRM |
| FY2021 | −$10,707,000,000 | CRM |
| FY2020 | −$8,384,000,000 | CRM |
| FY2019 | −$5,927,000,000 | CRM |
| FY2018 | −$4,252,000,000 | CRM |
| FY2017 | −$3,238,495,000 | CRM |
| FY2016 | −$2,582,570,000 | CRM |
| FY2015 | −$1,871,705,000 | CRM |
| FY2014 | −$1,226,521,000 | CRM |
| FY2013 | −$15,763,000 | CRM |
| FY2012 | −$2,263,539,000 | CRM |
| FY2011 | +$1,949,719,000 | ADBE |
| FY2010 | +$2,142,861,000 | ADBE |
| FY2009 | +$1,640,270,000 | ADBE |
| FY2008 | +$2,503,120,000 | ADBE |
| FY2007 | +$2,409,181,000 | ADBE |
The higher-revenue side has changed between ADBE and CRM over this period. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +12.0 pp | ADBE |
| FY2024 | +9.5 pp | ADBE |
| FY2023 | +16.1 pp | ADBE |
| FY2022 | +26.4 pp | ADBE |
| FY2021 | +25.1 pp | ADBE |
| FY2020 | +21.7 pp | ADBE |
| FY2019 | +25.7 pp | ADBE |
| FY2018 | +20.3 pp | ADBE |
| FY2017 | +19.8 pp | ADBE |
| FY2016 | +16.1 pp | ADBE |
| FY2015 | +13.8 pp | ADBE |
| FY2014 | +11.4 pp | ADBE |
| FY2013 | +12.9 pp | ADBE |
| FY2012 | +23.0 pp | ADBE |
| FY2011 | +20.3 pp | ADBE |
| FY2010 | +16.2 pp | ADBE |
| FY2009 | +6.6 pp | ADBE |
| FY2008 | +19.9 pp | ADBE |
| FY2007 | +19.9 pp | ADBE |
ADBE has kept the higher net margin in every one of these 19 fiscal years.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ADBE's net margin has been more volatile than CRM's over the 19 comparable fiscal years — 8.2 percentage points of standard deviation against 7.1.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ADBE led in net margin in every one of the 19 comparable fiscal years — a structural lead, not a recent swing.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ADBE's return on equity has been more volatile than CRM's over the 19 comparable fiscal years — 13.8 percentage points of standard deviation against 6.9.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ADBE and CRM over these 19 fiscal years — ADBE led in 18 and CRM in 1.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.