ADBE vs MSFT
Adobe Inc. and Microsoft Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ADBE | MSFT |
|---|---|---|
| Revenue | $23.8B | $331.8B |
| Net income | $7.1B | $133.7B |
| Gross margin | 89.3% | 67.9% |
| Net margin | 30.0% | 40.3% |
| Return on equity | 55.4% | 34.0% |
| Diluted EPS | $16.70 | $17.95 |
| Dividend / share | · | $3.64 |
| Payout ratio | · | 19.8% |
| Free cash flow | $9.9B | $67.0B |
| Equity | $11.6B | $442.4B |
| Net debt / equity | 0.07× | 0.04× |
| Current ratio | 1.00× | 1.23× |
| Revenue CAGR 5y | 13.1% | 14.6% |
| Profit CAGR 5y | 6.3% | 16.9% |
MSFT bills 14.0× the revenue of ADBE, and keeps more of each dollar of revenue as profit (40.3% against 30.0%).
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 | MSFT |
|---|---|---|
| FY2025 | $23.8B | $331.8B |
| FY2024 | $21.5B | $281.7B |
| FY2023 | $19.4B | $245.1B |
| FY2022 | $17.6B | $211.9B |
| FY2021 | $15.8B | $198.3B |
| FY2020 | $12.9B | $168.1B |
| FY2019 | $11.2B | $143.0B |
| FY2018 | $9.0B | $125.8B |
| FY2017 | $7.3B | $110.4B |
| FY2016 | $5.9B | $96.6B |
Bottom line
| Fiscal year | ADBE | MSFT |
|---|---|---|
| FY2025 | $7.1B | $133.7B |
| FY2024 | $5.6B | $101.8B |
| FY2023 | $5.4B | $88.1B |
| FY2022 | $4.8B | $72.4B |
| FY2021 | $4.8B | $72.7B |
| FY2020 | $5.3B | $61.3B |
| FY2019 | $3.0B | $44.3B |
| FY2018 | $2.6B | $39.2B |
| FY2017 | $1.7B | $16.6B |
| FY2016 | $1.2B | $25.5B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$308,070,000,000 | MSFT |
| FY2024 | −$260,219,000,000 | MSFT |
| FY2023 | −$225,713,000,000 | MSFT |
| FY2022 | −$194,309,000,000 | MSFT |
| FY2021 | −$182,485,000,000 | MSFT |
| FY2020 | −$155,220,000,000 | MSFT |
| FY2019 | −$131,844,000,000 | MSFT |
| FY2018 | −$116,813,000,000 | MSFT |
| FY2017 | −$103,058,495,000 | MSFT |
| FY2016 | −$90,716,570,000 | MSFT |
| FY2015 | −$86,358,489,000 | MSFT |
| FY2014 | −$89,432,935,000 | MSFT |
| FY2013 | −$82,777,760,000 | MSFT |
| FY2012 | −$73,445,323,000 | MSFT |
| FY2011 | −$69,506,742,000 | MSFT |
| FY2010 | −$66,143,000,000 | MSFT |
| FY2009 | −$59,538,147,000 | MSFT |
| FY2008 | −$54,857,111,000 | MSFT |
| FY2007 | −$57,262,119,000 | MSFT |
MSFT has reported the higher revenue in every one of these 19 fiscal years. 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 | −10.3 pp | MSFT |
| FY2024 | −10.3 pp | MSFT |
| FY2023 | −8.0 pp | MSFT |
| FY2022 | −7.1 pp | MSFT |
| FY2021 | −6.1 pp | MSFT |
| FY2020 | +4.4 pp | ADBE |
| FY2019 | −4.5 pp | MSFT |
| FY2018 | −2.5 pp | MSFT |
| FY2017 | +8.2 pp | ADBE |
| FY2016 | −6.4 pp | MSFT |
| FY2015 | −9.4 pp | MSFT |
| FY2014 | −6.6 pp | MSFT |
| FY2013 | −18.3 pp | MSFT |
| FY2012 | −9.2 pp | MSFT |
| FY2011 | −3.3 pp | MSFT |
| FY2010 | −12.7 pp | MSFT |
| FY2009 | −16.9 pp | MSFT |
| FY2008 | −0.6 pp | MSFT |
| FY2007 | −6.3 pp | MSFT |
The higher net margin has changed hands between ADBE and MSFT over this period.
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 MSFT'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
The lead in net margin changed hands between ADBE and MSFT over these 19 fiscal years — ADBE led in 2 and MSFT in 17.
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 MSFT's over the 19 comparable fiscal years — 13.8 percentage points of standard deviation against 9.5.
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 MSFT over these 19 fiscal years — ADBE led in 3 and MSFT in 16.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.