ADOBE INC. vs AppLovin Corporation, two Software stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where ADBE and APP diverge most: on implied growth (priced in), ADBE reads -2.1% and APP reads +34.6%; on revenue growth, ADBE reads +12.0% and APP reads +73.8%. The rest of the comparable metrics sit closer together. On valuation, today's ADBE price has a different growth bar priced in than APP (-2.1% implied for ADBE vs +34.6% for APP); the higher figure is the steeper assumption to clear, not a better or worse stock. What ADBE's price implies is a bet that sits within the historical range (whole-company basis). What APP's price implies is a bet that sits within the historical range (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | ADBE | APP |
|---|---|---|
| Price | $242.21 | $276.91 |
| Market cap | $95.8B | $93.3B |
| Sector | Software | Software |
| Stage | Mature | Growth |
| Implied growth (priced in) | -2.1% | +34.6% |
| P/E | 13.5 | 21.3 |
| P/B | 8.14 | 29.51 |
| P/S | 3.69 | 14.35 |
| EV/EBITDA | 10.0 | 17.0 |
| Revenue growth | +12.0% | +73.8% |
| Gross margin | 88.7% | — |
| Operating margin | 34.8% | 77.7% |
| Net margin | 28.1% | 67.8% |
| Return on equity | 61.9% | 139.4% |
| Return on assets | 24.3% | 53.3% |
| Return on invested capital | 39.6% | 68.8% |
| FCF yield | 11.1% | 4.8% |
| Debt / equity | 0.54 | 1.11 |
| Current ratio | 0.77 | 4.30 |
| Altman Z (solvency) | 6.53 | 8.43 |
| Piotroski F (quality) | 7 / 9 | 5 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.