ADBE vs XYZ
Adobe Inc. and Block, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ADBE | XYZ |
|---|---|---|
| Revenue | $23.8B | $24.2B |
| Net income | $7.1B | $1.3B |
| Gross margin | 89.3% | 42.8% |
| Net margin | 30.0% | 5.4% |
| Return on equity | 55.4% | 6.0% |
| Diluted EPS | $16.70 | $2.10 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $9.9B | $2.4B |
| Equity | $11.6B | $22.2B |
| Net debt / equity | 0.07× | · |
| Current ratio | 1.00× | 2.20× |
| Revenue CAGR 5y | 13.1% | 20.6% |
| Profit CAGR 5y | 6.3% | 43.7% |
ADBE and XYZ book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (30.0% against 5.4%).
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 | XYZ |
|---|---|---|
| FY2025 | $23.8B | $24.2B |
| FY2024 | $21.5B | $24.1B |
| FY2023 | $19.4B | $21.9B |
| FY2022 | $17.6B | $17.5B |
| FY2021 | $15.8B | $17.7B |
| FY2020 | $12.9B | $9.5B |
| FY2019 | $11.2B | $4.7B |
| FY2018 | $9.0B | $3.3B |
| FY2017 | $7.3B | $2.2B |
| FY2016 | $5.9B | $1.7B |
Bottom line
| Fiscal year | ADBE | XYZ |
|---|---|---|
| FY2025 | $7.1B | $1.3B |
| FY2024 | $5.6B | $2.9B |
| FY2023 | $5.4B | $9.8M |
| FY2022 | $4.8B | $-540.7M |
| FY2021 | $4.8B | $166.3M |
| FY2020 | $5.3B | $213.1M |
| FY2019 | $3.0B | $375.4M |
| FY2018 | $2.6B | $-38.5M |
| FY2017 | $1.7B | $-62.8M |
| FY2016 | $1.2B | $-171.6M |
12 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$424,683,000 | XYZ |
| FY2024 | −$2,616,053,000 | XYZ |
| FY2023 | −$2,506,623,000 | XYZ |
| FY2022 | +$74,413,000 | ADBE |
| FY2021 | −$1,876,203,000 | XYZ |
| FY2020 | +$3,370,422,000 | ADBE |
| FY2019 | +$6,457,500,000 | ADBE |
| FY2018 | +$5,731,823,000 | ADBE |
| FY2017 | +$5,087,252,000 | ADBE |
| FY2016 | +$4,145,709,000 | ADBE |
| FY2015 | +$3,528,393,000 | ADBE |
| FY2014 | +$3,296,873,000 | ADBE |
The higher-revenue side has changed between ADBE and XYZ over this period. The gap has narrowed since the earliest year compared.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.
12 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +24.6 pp | ADBE |
| FY2024 | +14.0 pp | ADBE |
| FY2023 | +28.1 pp | ADBE |
| FY2022 | +30.2 pp | ADBE |
| FY2021 | +29.6 pp | ADBE |
| FY2020 | +38.6 pp | ADBE |
| FY2019 | +18.5 pp | ADBE |
| FY2018 | +29.9 pp | ADBE |
| FY2017 | +26.0 pp | ADBE |
| FY2016 | +30.0 pp | ADBE |
| FY2015 | +27.3 pp | ADBE |
| FY2014 | +24.6 pp | ADBE |
ADBE has kept the higher net margin in every one of these 12 fiscal years.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
XYZ's net margin has been more volatile than ADBE's over the 12 comparable fiscal years — 8.4 percentage points of standard deviation against 8.4.
12 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 12 comparable fiscal years — a structural lead, not a recent swing.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
XYZ's return on equity has been more volatile than ADBE's over the 12 comparable fiscal years — 23.8 percentage points of standard deviation against 13.9.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ADBE led in return on equity in every one of the 12 comparable fiscal years — a structural lead, not a recent swing.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.