FUNDAMENTAL ANALYSIS
ADBE
Adobe Inc.
FUNDAMENTAL RATING
FUNDAMENTAL SCORE
80 / 100
Summary
Adobe Inc. grew revenue at a 10.5% CAGR (compound annual growth rate) over three years while net income compounded at 14.5% a year. Latest annual revenue rose 10.5% (YoY (year-over-year)) and net income rose 28.2%, and the most recent quarter reported $1.83B in net income, a 6.7% QoQ (quarter-over-quarter) improvement. Assets exceed liabilities by 1.65 times, providing a clear balance-sheet cushion. The Altman Z-score of 7.38 sits in the safe zone, which the model defines with a distress threshold of 1.81 and a safe threshold of 2.99. A Piotroski F-Score of 7 on a 0 to 9 quality scale is a strong earnings-quality reading. The price-to-earnings ratio of 15.8 is below the S&P 500 average, which leaves room for continued earnings delivery. The next earnings report must show whether net income growth and margins hold at these levels or soften.
Revenue — Annual Comparison
Net Income — Annual Comparison
Quarterly Detail Charts
Quarterly Revenue
Quarterly Net Income
Piotroski F-Score Breakdown
7/9 · Neutral
Profitability — Net income positive this fiscal year
Pass
Return on Assets — Return on Assets improved year-over-year
Pass
Cash flow positive — Cash from operations positive this fiscal year
Pass
Earnings quality — Cash from operations exceeds net income
Pass
Leverage down — Long-term debt / total assets improved
Fail
Liquidity up — Current ratio improved year-over-year
Fail
No share dilution — Share count did not increase year-over-year
Pass
Margin up — Gross margin expanded year-over-year
Pass
Asset efficiency — Asset turnover improved year-over-year
Pass
Data Source
This dashboard applies a modified 9-signal Piotroski F-Score (Piotroski, 2000) and Altman Z-Score models. Fundamental filing data is sourced from the SEC's EDGAR XBRL database (primary), with API Ninjas as backup for freshly-filed 10-Ks not yet in SEC. Live price, market cap, and EPS display use Tiingo end-of-day data. This page is informational analysis, not investment advice. See Financial Disclaimer.
Recent Filings
Formula & Methodology
Trend inputAnnual revenue and net income year-over-year direction contributes 20% of the score.
Piotroski inputModified 9-test Piotroski F-Score (Quality) contributes 40% of the score.
Altman inputAltman Z-Score (Distress) contributes 40% of the score.
Rating ruleFormula: Trend (20%) + Piotroski F-Score (40%) + Altman Z-Score (40%). Trend blends annual revenue and net income year-over-year direction. Piotroski is the modified 9-test variant (7 classic + 2 cash-flow tests). Altman uses the 1968 Z-Score with Safe/Grey/Distress zones. Combined blend uses ±0.45 thresholds: Bullish at +0.45 or higher, Bearish at -0.45 or lower, Neutral in between. Missing sub-signals count as Neutral (0) and weights are not re-normalized — a company with fewer available signals must earn its rating from stronger reads on the remaining pillars.