Head-to-head · free
Adobe vs Microsoft
ADBE vs MSFT — return on capital, cash generation, margins and balance sheet side by side.
ADBE
6 / 11
measures where ADBE leads
MSFT
5 / 11
measures where MSFT leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | ADBE · FY2025 | MSFT · FY2026 |
|---|---|---|
| Revenue | $23.8B | $331.8B |
| Net income | $7.1B | $133.7B |
| Revenue growth (yearly, multi-year) | 10.8% | 13.7% |
| Free cash flow | $9.9B | $67.0B |
| Free cash flow margin | 41.4% | 20.2% |
| Net cash / (debt) | (1.2B) | (107.9B) |
| ROIC | 36.3% | 27.5% |
| Return on equity | 55.4% | 34.0% |
| Gross margin | 89.3% | 67.9% |
| Operating margin | 36.6% | 46.8% |
| Net debt / EBITDA | 0.08x | 0.10x |
Figures are as reported by each company; latest fiscal year shown.
Where Adobe's cash went (FY2025)
- Capital spending
- $179.0M
- Buybacks
- $11.3B
- Dividends
- $0
- Acquisitions
- $17.0M
- Net debt issued / (repaid)
- $497.0M
Where Microsoft's cash went (FY2026)
- Capital spending
- $115.9B
- Buybacks
- $22.3B
- Dividends
- $26.4B
- Acquisitions
- $1.7B
- Net debt issued / (repaid)
- (3.0B)
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
Compare them free