ADOBE INC. vs AppLovin Corp, 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 p/b, ADBE reads 7.87 and APP reads 56.15; on revenue growth, ADBE reads +11.5% and APP reads +79.8%. The rest of the comparable metrics sit closer together. What ADBE's price implies is a bet that sits within the historical range (whole-company basis). What APP's price implies is a somewhat stretched bet versus history (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | ADBE | APP |
|---|---|---|
| Price | $225.11 | $391.76 |
| Market cap | $90.6B | $132.7B |
| Sector | Software | Software |
| Stage | Mature | Growth |
| Implied growth (priced in) | +1.8% | — |
| P/E | 12.9 | 33.7 |
| P/B | 7.87 | 56.15 |
| P/S | 3.60 | 22.73 |
| EV/EBITDA | 9.9 | 26.9 |
| Revenue growth | +11.5% | +79.8% |
| Gross margin | 89.2% | — |
| Operating margin | 33.8% | 78.2% |
| Net margin | 28.7% | 67.9% |
| Return on equity | 62.8% | 167.7% |
| Return on assets | 24.1% | 51.4% |
| Return on invested capital | 38.3% | 70.6% |
| FCF yield | 11.3% | 3.3% |
| Debt / equity | 0.58 | 1.49 |
| Current ratio | 0.75 | 3.24 |
| Altman Z (solvency) | 6.20 | 8.25 |
| Piotroski F (quality) | 7 / 9 | 7 / 9 |
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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.