ADOBE INC. vs Cloudflare, Inc., two Software stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where ADBE and NET diverge most: on operating margin, ADBE reads 34.8% and NET reads -29.6%; on net margin, ADBE reads 28.1% and NET reads -10.5%. 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). The bull and bear cases for each are in their full reports below.
| Metric | ADBE | NET |
|---|---|---|
| Price | $242.21 | $360.77 |
| Market cap | $95.8B | $127.8B |
| Sector | Software | Software |
| Stage | Mature | Growth |
| Implied growth (priced in) | -2.1% | — |
| P/E | 13.5 | — |
| P/B | 8.14 | — |
| P/S | 3.69 | — |
| EV/EBITDA | 10.0 | — |
| Revenue growth | +12.0% | +33.4% |
| Gross margin | 88.7% | 71.8% |
| Operating margin | 34.8% | -29.6% |
| Net margin | 28.1% | -10.5% |
| Return on equity | 61.9% | -12.7% |
| Return on assets | 24.3% | -3.2% |
| Return on invested capital | 39.6% | -7.0% |
| FCF yield | 11.1% | — |
| Debt / equity | 0.54 | 1.22 |
| Current ratio | 0.77 | 1.82 |
| Altman Z (solvency) | 6.53 | 6.29 |
| Piotroski F (quality) | 7 / 9 | 6 / 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.