COMP <GO>
ADBE vs NET // EV/EBITDA & P/E VALUATION
Adobe Inc. (NASDAQ) VS. Cloudflare Inc. (NYSE) • 15-METRIC TALLY: ADBE 9
— NET 3
■ METRIC PARITY
LAST: $250.23 (+0.85%) • MKT CAP: $96.57B
valuation
11.1x
LAST: $280.70 (-9.54%) • MKT CAP: $110.49B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ADBE VS. NET)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | ADBE | NET | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 89.30% | 74.50% | +14.80 | ADBE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 50.20% | -1.90% | +52.10 | ADBE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 11.1x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 10.20% | 0.26% | +9.94 | ADBE | /fcf-yield <GO> |
| Operating Margin | 36.60% | -9.60% | +46.20 | ADBE | /operating-margins <GO> |
| Net Profit Margin | 30.00% | -4.70% | +34.70 | ADBE | /net-margins <GO> |
| Revenue Growth (YoY) | 10.50% | 29.80% | -19.30 | NET | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 7.17 | 14.91 | -7.74 | NET | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 6/9 | +2.00 | ADBE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 48.7 | 47.0 | +1.70 | ADBE | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.28 | 1.21 | +0.07 | ADBE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 12.6x | 30.0x | -17.40 | ADBE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $96.57B | $110.49B | -$13.92B | NET | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | ADBE REV | NET REV | ADBE GROSS % | NET GROSS % | ADBE FCF | NET FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $23.77B | $2.17B | 89.3% | 74.5% | $9.85B | $287.5M |
| FY 2024 | $21.50B | $1.67B | 89.0% | 77.3% | $7.87B | $195.4M |
| FY 2023 | $19.41B | $1.30B | — | — | $6.43B | $196.1M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
ADBE // BETA 1.28
NET // BETA 1.21