Adobe Inc.
Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content. This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers. The Digit… Read more
Adobe Inc. (0R2Y) - Net Assets
Latest net assets as of November 2025: $11.62 Billion USD
Based on the latest financial reports, Adobe Inc. (0R2Y) has net assets worth $11.62 Billion USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.50 Billion) and total liabilities ($17.87 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.62 Billion |
| % of Total Assets | 39.41% |
| Annual Growth Rate | 18.88% |
| 5-Year Change | -17.28% |
| 10-Year Change | -12.37% |
| Growth Volatility | 35.03 |
Adobe Inc. - Net Assets Trend (1986–2025)
This chart illustrates how Adobe Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Adobe Inc. (1986–2025)
The table below shows the annual net assets of Adobe Inc. from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $11.62 Billion | -17.60% |
| 2024-11-30 | $14.11 Billion | -14.61% |
| 2023-12-01 | $16.52 Billion | 0.00% |
| 2023-11-30 | $16.52 Billion | +17.56% |
| 2022-12-02 | $14.05 Billion | 0.00% |
| 2022-11-30 | $14.05 Billion | -5.04% |
| 2021-12-03 | $14.80 Billion | 0.00% |
| 2021-11-30 | $14.80 Billion | +11.56% |
| 2020-11-30 | $13.26 Billion | 0.00% |
| 2020-11-27 | $13.26 Billion | +25.96% |
| 2019-11-30 | $10.53 Billion | 0.00% |
| 2019-11-29 | $10.53 Billion | +12.48% |
| 2018-11-30 | $9.36 Billion | +10.66% |
| 2017-12-01 | $8.46 Billion | 0.00% |
| 2017-11-30 | $8.46 Billion | +13.94% |
| 2016-12-02 | $7.42 Billion | 0.00% |
| 2016-11-30 | $7.42 Billion | +6.05% |
| 2015-11-30 | $7.00 Billion | 0.00% |
| 2015-11-27 | $7.00 Billion | +3.33% |
| 2014-11-30 | $6.78 Billion | 0.00% |
| 2014-11-28 | $6.78 Billion | +0.76% |
| 2013-11-30 | $6.72 Billion | 0.00% |
| 2013-11-29 | $6.72 Billion | +0.89% |
| 2012-11-30 | $6.67 Billion | +15.25% |
| 2011-12-02 | $5.78 Billion | +11.38% |
| 2010-12-03 | $5.19 Billion | +6.75% |
| 2009-11-27 | $4.86 Billion | +10.29% |
| 2008-11-28 | $4.41 Billion | -5.15% |
| 2007-11-30 | $4.65 Billion | -9.74% |
| 2006-12-01 | $5.15 Billion | +176.34% |
| 2005-12-02 | $1.86 Billion | +30.97% |
| 2004-12-03 | $1.42 Billion | +29.31% |
| 2003-11-28 | $1.10 Billion | +63.25% |
| 2002-11-29 | $674.32 Million | +9.30% |
| 2001-11-30 | $616.97 Million | -18.02% |
| 2000-12-01 | $752.54 Million | +46.92% |
| 1999-12-03 | $512.21 Million | -0.80% |
| 1998-11-27 | $516.37 Million | -27.82% |
| 1997-11-28 | $715.42 Million | +1.26% |
| 1996-11-29 | $706.51 Million | +1.16% |
| 1995-12-01 | $698.42 Million | +52.89% |
| 1994-11-25 | $456.80 Million | +67.76% |
| 1993-11-30 | $272.30 Million | +21.24% |
| 1992-11-30 | $224.60 Million | +22.87% |
| 1991-11-30 | $182.80 Million | +69.57% |
| 1990-11-30 | $107.80 Million | +83.33% |
| 1989-11-30 | $58.80 Million | +32.73% |
| 1988-11-30 | $44.30 Million | +88.51% |
| 1987-11-30 | $23.50 Million | +71.53% |
| 1986-11-30 | $13.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adobe Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1030672.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $45.35 Billion | 390.21% |
| Other Comprehensive Income | $-245.00 Million | -2.11% |
| Total Equity | $11.62 Billion | 100.00% |
Adobe Inc. Competitors by Market Cap
The table below lists competitors of Adobe Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Constellation Energy Corp
NASDAQ:CEG
|
$104.28 Billion |
|
Kweichow Moutai Co Ltd
SHG:600519
|
$104.84 Billion |
|
Sanofi
PINK:SNYNF
|
$104.98 Billion |
|
Agnico Eagle Mines Limited
NYSE:AEM
|
$105.00 Billion |
|
Adobe Systems Incorporated
NASDAQ:ADBE
|
$104.01 Billion |
|
Mitsui & Company Ltd
PINK:MITSY
|
$101.34 Billion |
|
T-MOBILE US INC.DL-00001
XETRA:TM5
|
$101.23 Billion |
|
Corning Incorporated
NYSE:GLW
|
$101.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adobe Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,105,000,000 to 11,623,000,000, a change of -2,482,000,000 (-17.6%).
- Net income of 7,130,000,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 44,000,000.
- Other factors decreased equity by 9,568,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.13 Billion | +61.34% |
| Other Comprehensive Income | $-44.00 Million | -0.38% |
| Other Changes | $-9.57 Billion | -82.32% |
| Total Change | $- | -17.60% |
Book Value vs Market Value Analysis
This analysis compares Adobe Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.36x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4463.30x to 9.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-11-30 | $0.06 | $254.78 | x |
| 1987-11-30 | $0.08 | $254.78 | x |
| 1988-11-30 | $0.14 | $254.78 | x |
| 1989-11-30 | $0.17 | $254.78 | x |
| 1990-11-30 | $0.31 | $254.78 | x |
| 1991-11-30 | $0.51 | $254.78 | x |
| 1992-11-30 | $0.62 | $254.78 | x |
| 1993-11-30 | $0.56 | $254.78 | x |
| 1994-11-25 | $0.80 | $254.78 | x |
| 1995-12-01 | $1.16 | $254.78 | x |
| 1996-11-29 | $1.16 | $254.78 | x |
| 1997-11-28 | $1.21 | $254.78 | x |
| 1998-11-27 | $0.95 | $254.78 | x |
| 1999-12-03 | $0.99 | $254.78 | x |
| 2000-12-01 | $1.47 | $254.78 | x |
| 2001-11-30 | $1.24 | $254.78 | x |
| 2002-11-29 | $1.39 | $254.78 | x |
| 2003-11-28 | $2.28 | $254.78 | x |
| 2004-12-03 | $2.87 | $254.78 | x |
| 2005-12-02 | $3.67 | $254.78 | x |
| 2006-12-01 | $8.42 | $254.78 | x |
| 2007-11-30 | $7.77 | $254.78 | x |
| 2008-11-28 | $8.04 | $254.78 | x |
| 2009-11-27 | $9.17 | $254.78 | x |
| 2010-12-03 | $9.87 | $254.78 | x |
| 2011-12-02 | $11.48 | $254.78 | x |
| 2012-11-30 | $13.26 | $254.78 | x |
| 2013-11-29 | $12.99 | $254.78 | x |
| 2013-11-30 | $12.99 | $254.78 | x |
| 2014-11-28 | $13.33 | $254.78 | x |
| 2014-11-30 | $13.33 | $254.78 | x |
| 2015-11-27 | $13.79 | $254.78 | x |
| 2015-11-30 | $13.79 | $254.78 | x |
| 2016-11-30 | $14.72 | $254.78 | x |
| 2016-12-02 | $14.72 | $254.78 | x |
| 2017-11-30 | $16.88 | $254.78 | x |
| 2017-12-01 | $16.88 | $254.78 | x |
| 2018-11-30 | $18.81 | $254.78 | x |
| 2019-11-29 | $21.42 | $254.78 | x |
| 2019-11-30 | $21.42 | $254.78 | x |
| 2020-11-27 | $27.32 | $254.78 | x |
| 2020-11-30 | $27.32 | $254.78 | x |
| 2021-11-30 | $30.76 | $254.78 | x |
| 2021-12-03 | $30.76 | $254.78 | x |
| 2022-11-30 | $29.83 | $254.78 | x |
| 2022-12-02 | $29.83 | $254.78 | x |
| 2023-11-30 | $35.99 | $254.78 | x |
| 2023-12-01 | $35.99 | $254.78 | x |
| 2024-11-30 | $31.37 | $254.78 | x |
| 2025-11-30 | $27.22 | $254.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adobe Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 61.34%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.00%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 2.54x
- Recent ROE (61.34%) is above the historical average (25.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 26.28% | 22.36% | 0.81x | 1.46x | $2.23 Million |
| 1987 | 38.30% | 22.90% | 1.22x | 1.37x | $6.65 Million |
| 1988 | 47.63% | 25.27% | 1.27x | 1.48x | $16.67 Million |
| 1989 | 57.31% | 27.76% | 1.29x | 1.60x | $27.82 Million |
| 1990 | 37.20% | 23.77% | 1.16x | 1.35x | $29.32 Million |
| 1991 | 28.23% | 22.46% | 1.04x | 1.21x | $33.32 Million |
| 1992 | 19.41% | 16.40% | 0.95x | 1.25x | $21.14 Million |
| 1993 | 20.93% | 18.18% | 0.89x | 1.30x | $29.77 Million |
| 1994 | 1.38% | 1.05% | 0.96x | 1.37x | $-39.38 Million |
| 1995 | 13.39% | 12.26% | 0.86x | 1.27x | $23.64 Million |
| 1996 | 21.69% | 19.49% | 0.78x | 1.43x | $82.63 Million |
| 1997 | 26.12% | 20.49% | 0.97x | 1.31x | $115.29 Million |
| 1998 | 20.36% | 11.75% | 1.17x | 1.49x | $53.51 Million |
| 1999 | 46.42% | 23.41% | 1.26x | 1.57x | $186.53 Million |
| 2000 | 38.24% | 22.73% | 1.18x | 1.42x | $212.55 Million |
| 2001 | 33.33% | 16.72% | 1.32x | 1.51x | $143.95 Million |
| 2002 | 28.38% | 16.43% | 1.11x | 1.56x | $123.97 Million |
| 2003 | 24.20% | 20.57% | 0.83x | 1.41x | $156.26 Million |
| 2004 | 31.64% | 27.03% | 0.85x | 1.38x | $308.05 Million |
| 2005 | 32.34% | 30.66% | 0.81x | 1.31x | $416.41 Million |
| 2006 | 9.82% | 19.64% | 0.43x | 1.16x | $-9.38 Million |
| 2007 | 15.57% | 22.92% | 0.55x | 1.23x | $258.81 Million |
| 2008 | 19.77% | 24.35% | 0.61x | 1.32x | $430.78 Million |
| 2009 | 7.95% | 13.12% | 0.41x | 1.49x | $-99.91 Million |
| 2010 | 14.92% | 20.39% | 0.47x | 1.57x | $255.44 Million |
| 2011 | 14.40% | 19.75% | 0.47x | 1.55x | $254.54 Million |
| 2012 | 12.49% | 18.91% | 0.44x | 1.51x | $166.26 Million |
| 2013 | 4.31% | 7.15% | 0.39x | 1.54x | $-382.48 Million |
| 2013 | 4.31% | 7.15% | 0.39x | 1.54x | $-382.48 Million |
| 2014 | 3.96% | 6.47% | 0.38x | 1.59x | $-409.20 Million |
| 2014 | 3.96% | 6.47% | 0.38x | 1.59x | $-409.20 Million |
| 2015 | 8.99% | 13.13% | 0.41x | 1.67x | $-70.61 Million |
| 2015 | 8.99% | 13.13% | 0.41x | 1.67x | $-70.61 Million |
| 2016 | 15.74% | 20.03% | 0.45x | 1.75x | $426.30 Million |
| 2016 | 15.74% | 20.03% | 0.45x | 1.75x | $426.30 Million |
| 2017 | 20.02% | 23.30% | 0.49x | 1.75x | $847.97 Million |
| 2017 | 20.02% | 23.30% | 0.49x | 1.75x | $847.97 Million |
| 2018 | 27.67% | 28.85% | 0.47x | 2.06x | $1.65 Billion |
| 2019 | 28.03% | 26.51% | 0.52x | 2.01x | $1.90 Billion |
| 2019 | 28.03% | 26.51% | 0.52x | 2.01x | $1.90 Billion |
| 2020 | 39.66% | 40.89% | 0.53x | 1.83x | $3.93 Billion |
| 2020 | 39.66% | 40.89% | 0.53x | 1.83x | $3.93 Billion |
| 2021 | 32.59% | 30.52% | 0.58x | 1.84x | $3.34 Billion |
| 2021 | 32.59% | 30.52% | 0.58x | 1.84x | $3.34 Billion |
| 2022 | 33.85% | 27.29% | 0.64x | 1.93x | $3.35 Billion |
| 2022 | 33.85% | 27.29% | 0.64x | 1.93x | $3.35 Billion |
| 2023 | 32.86% | 28.03% | 0.65x | 1.80x | $3.78 Billion |
| 2023 | 32.86% | 27.97% | 0.65x | 1.80x | $3.78 Billion |
| 2024 | 39.42% | 25.83% | 0.71x | 2.14x | $4.15 Billion |
| 2025 | 61.34% | 30.00% | 0.81x | 2.54x | $5.97 Billion |
Industry Comparison
This section compares Adobe Inc.'s net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adobe Inc. (0R2Y) | $11.62 Billion | 26.28% | 1.54x | $104.26 Billion |
| Nyfosa AB (0A0K) | $2.92 Billion | 39.50% | 2.88x | $973.31 Million |
| High Templar Tech Limited (0A2T) | $12.52 Billion | 4.70% | 0.13x | $255.82 Million |
| Strategy Inc (0A7O) | $51.04 Billion | -7.54% | 0.21x | $40.17 Billion |
| NACON SASU (0A9N) | $67.54 Million | 15.85% | 1.20x | $7.64 Million |
| Antin Infrastructure Partners (0AA5) | $23.79 Million | 108.98% | 1.09x | $573.10 Million |
| Truecaller AB Series B (0AA7) | $1.41 Billion | 18.30% | 0.20x | $281.60 Million |
| Brockhaus Technologies AG (0AAW) | $254.92 Million | -6.23% | 1.68x | $74.40 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $48.06 Million | -24.09% | 0.32x | $71.96 Million |
| Kalray S.A. (0ABT) | $28.43 Million | -41.56% | 0.67x | $33.84 Million |
| Webuild S.p.A. (0BJP) | $1.43 Billion | 10.29% | 7.14x | $1.13 Billion |