Return on Assets (ROA)
since 2005
Calculation
Adobe Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Nov 28, 2025 | 24.17% | = | 100 | × | 7,130) | ÷ | 29,496) |
| Nov 29, 2024 | 18.39% | = | 100 | × | 5,560) | ÷ | 30,230) |
| Dec 1, 2023 | 18.23% | = | 100 | × | 5,428) | ÷ | 29,779) |
| Dec 2, 2022 | 17.51% | = | 100 | × | 4,756) | ÷ | 27,165) |
| Dec 3, 2021 | 17.70% | = | 100 | × | 4,822) | ÷ | 27,241) |
| Nov 27, 2020 | 21.66% | = | 100 | × | 5,260) | ÷ | 24,284) |
| Nov 29, 2019 | 14.22% | = | 100 | × | 2,951) | ÷ | 20,762) |
| Nov 30, 2018 | 13.80% | = | 100 | × | 2,591) | ÷ | 18,769) |
| Dec 1, 2017 | 11.65% | = | 100 | × | 1,694) | ÷ | 14,536) |
| Dec 2, 2016 | 9.20% | = | 100 | × | 1,169) | ÷ | 12,707) |
| Nov 27, 2015 | 5.37% | = | 100 | × | 630) | ÷ | 11,726) |
| Nov 28, 2014 | 2.49% | = | 100 | × | 268) | ÷ | 10,786) |
| Nov 29, 2013 | 2.79% | = | 100 | × | 290) | ÷ | 10,380) |
| Nov 30, 2012 | 8.35% | = | 100 | × | 833) | ÷ | 9,975) |
| Dec 2, 2011 | 9.26% | = | 100 | × | 833) | ÷ | 8,991) |
| Dec 3, 2010 | 9.52% | = | 100 | × | 775) | ÷ | 8,141) |
| Nov 27, 2009 | 5.31% | = | 100 | × | 387) | ÷ | 7,282) |
| Nov 28, 2008 | 14.98% | = | 100 | × | 872) | ÷ | 5,822) |
| Nov 30, 2007 | 12.67% | = | 100 | × | 724) | ÷ | 5,714) |
| Dec 1, 2006 | 8.48% | = | 100 | × | 506) | ÷ | 5,963) |
| Dec 2, 2005 | 24.70% | = | 100 | × | 603) | ÷ | 2,440) |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
1 US$ in millions
The return on assets (ROA) exhibited considerable fluctuation over the period examined, ranging from a low of 2.49% to a high of 24.70%. An initial period of strong performance was followed by a period of volatility and then a return to robust returns in later years.
- Initial Period (2005-2006)
- The ROA began at 24.70% in 2005, representing a very strong return relative to the company’s asset base. However, a substantial decline was observed in 2006, with the ROA falling to 8.48%. This represents a significant decrease in profitability relative to assets.
- Volatility and Recovery (2007-2009)
- Following the decline, the ROA experienced a period of volatility. It increased to 12.67% in 2007 and 14.98% in 2008 before dropping sharply to 5.31% in 2009. This period suggests sensitivity to external economic factors or internal strategic shifts.
- Moderate Performance (2010-2015)
- From 2010 through 2015, the ROA remained in a relatively moderate range, fluctuating between approximately 9.52% and 5.37%. While not as high as the initial 2005 value, these returns indicate a stable, albeit not exceptional, level of profitability. A slight dip to 2.49% was observed in 2013, followed by a modest recovery.
- Strong Growth (2016-2020)
- A clear upward trend in ROA commenced in 2016, increasing from 9.20% to 21.66% by 2020. This period demonstrates a significant improvement in the company’s ability to generate profits from its assets. The ROA reached its highest point in the observed period in 2020.
- Recent Performance (2021-2025)
- The ROA experienced a slight decrease in 2021 and 2022, settling at 17.70% and 17.51% respectively. However, it rebounded strongly in the final years of the period, reaching 18.23% in 2023, 18.39% in 2024, and peaking at 24.17% in 2025. This suggests a renewed capacity for efficient asset utilization and profit generation.
Overall, the ROA demonstrates a cyclical pattern with periods of high performance, decline, and recovery. The most recent trend indicates a return to strong profitability, exceeding the initial high observed in 2005.
Comparison to Competitors
Adobe Inc., ROA, long-term trends, comparison to competitors
| Adobe Inc. | Accenture PLC | AppLovin Corp. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 28, 2025 | 24.17% | 11.74% | — | — | -0.22% | — | — | 10.47% | 16.45% | 7.39% | — | 4.81% | 6.02% | — | 2.76% | 2.93% |
| Nov 29, 2024 | 18.39% | 12.99% | 26.92% | 11.76% | 1.34% | 3.18% | 4.39% | 9.22% | 17.21% | 7.42% | 7.29% | 12.89% | 4.14% | 6.99% | 17.31% | 8.39% |
| Dec 1, 2023 | 18.23% | 13.41% | 6.66% | 18.36% | -3.65% | 1.23% | 5.55% | 8.58% | 17.56% | 6.33% | 4.64% | 3.03% | 0.21% | 9.96% | 11.90% | -2.72% |
| Dec 2, 2022 | 17.51% | 14.55% | -3.30% | 16.53% | -6.49% | -1.67% | 1.29% | 7.45% | 19.94% | 6.15% | -10.80% | -2.18% | 1.52% | 2.44% | 10.45% | 0.28% |
| Dec 3, 2021 | 17.70% | 13.68% | 0.58% | 15.87% | -3.39% | -0.87% | 4.35% | 13.29% | 18.36% | 10.48% | -16.02% | -4.87% | 6.14% | 2.13% | 8.66% | -3.24% |
| Nov 27, 2020 | 21.66% | 13.78% | — | 14.95% | -10.09% | -1.30% | 3.58% | 16.70% | 14.70% | 8.78% | -43.35% | -2.95% | 0.23% | 1.36% | 8.27% | -7.05% |
| Nov 29, 2019 | 14.22% | 16.04% | — | 29.46% | — | -1.61% | 6.20% | 24.78% | 13.69% | 10.20% | — | -1.24% | 3.61% | 10.41% | 8.31% | -7.58% |
| Nov 30, 2018 | 13.80% | 16.61% | — | 14.01% | — | — | 7.07% | 23.39% | 6.40% | 2.79% | — | -2.54% | 0.61% | -0.69% | 7.04% | -6.49% |
| Dec 1, 2017 | 11.65% | 15.18% | — | 8.44% | — | — | 4.59% | 23.87% | 8.80% | 6.92% | — | -6.30% | 1.02% | -4.39% | 2.53% | -12.89% |
| Dec 2, 2016 | 9.20% | 19.95% | — | 9.69% | — | — | 10.11% | 23.04% | 8.67% | 7.93% | — | -8.18% | -0.37% | -22.22% | 5.09% | -10.62% |
| Nov 27, 2015 | 5.37% | 16.72% | — | 10.74% | — | — | 11.94% | 7.35% | 6.92% | 8.96% | — | -8.40% | -2.46% | -10.98% | 4.48% | -10.51% |
| Nov 28, 2014 | 2.49% | 16.41% | — | 4.95% | — | — | 10.23% | 17.44% | 12.81% | 12.13% | — | -15.32% | -2.54% | -12.59% | 5.43% | -7.93% |
| Nov 29, 2013 | 2.79% | 19.46% | — | 6.76% | — | — | 13.06% | 15.64% | 15.35% | 13.35% | — | -4.99% | -4.89% | -6.31% | 5.68% | -12.43% |
| Nov 30, 2012 | 8.35% | 15.32% | — | 19.24% | — | — | 13.93% | 16.91% | 14.00% | 12.74% | — | 0.18% | -0.28% | -7.81% | 4.40% | — |
| Dec 2, 2011 | 9.26% | 14.48% | — | 4.10% | — | — | 13.62% | 12.41% | 21.30% | 11.62% | — | — | 2.09% | — | 6.57% | — |
| Dec 3, 2010 | 9.52% | 13.87% | — | 7.31% | — | — | 13.07% | 11.04% | 21.79% | 9.96% | — | — | 3.28% | — | 7.21% | — |
| Nov 27, 2009 | 5.31% | 12.97% | — | -10.62% | — | — | 12.31% | 9.26% | 18.71% | 11.80% | — | — | 2.93% | — | 5.71% | — |
| Nov 28, 2008 | 14.98% | 13.64% | — | -110.44% | — | — | 11.26% | 10.22% | 24.29% | 11.68% | — | — | 1.68% | — | 6.93% | — |
| Nov 30, 2007 | 12.67% | 11.57% | — | 7.65% | — | — | 8.65% | 10.35% | 22.26% | 12.36% | — | — | 0.07% | — | 4.99% | — |
| Dec 1, 2006 | 8.48% | 10.33% | — | 4.14% | — | — | 9.19% | 15.05% | 18.10% | 11.65% | — | — | 6.55% | — | 1.15% | — |
| Dec 2, 2005 | 24.70% | 10.50% | — | 1.45% | — | — | 7.50% | 14.05% | 17.30% | 13.95% | — | — | 2.62% | — | -0.72% | — |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
Comparison to Sector (Software & Services)
Adobe Inc., ROA, long-term trends, comparison to sector (software & services)
| Adobe Inc. | Software & Services | |
|---|---|---|
| Nov 28, 2025 | 24.17% | — |
| Nov 29, 2024 | 18.39% | 12.19% |
| Dec 1, 2023 | 18.23% | 11.12% |
| Dec 2, 2022 | 17.51% | 11.25% |
| Dec 3, 2021 | 17.70% | 12.14% |
| Nov 27, 2020 | 21.66% | 9.64% |
| Nov 29, 2019 | 14.22% | 10.81% |
| Nov 30, 2018 | 13.80% | 6.11% |
| Dec 1, 2017 | 11.65% | 7.29% |
| Dec 2, 2016 | 9.20% | 8.86% |
| Nov 27, 2015 | 5.37% | 8.53% |
| Nov 28, 2014 | 2.49% | 11.18% |
| Nov 29, 2013 | 2.79% | 13.46% |
| Nov 30, 2012 | 8.35% | 13.36% |
| Dec 2, 2011 | 9.26% | 15.34% |
| Dec 3, 2010 | 9.52% | 14.69% |
| Nov 27, 2009 | 5.31% | 13.64% |
| Nov 28, 2008 | 14.98% | 14.32% |
| Nov 30, 2007 | 12.67% | 12.84% |
| Dec 1, 2006 | 8.48% | 12.19% |
| Dec 2, 2005 | 24.70% | 11.53% |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
Comparison to Industry (Information Technology)
Adobe Inc., ROA, long-term trends, comparison to industry (information technology)
| Adobe Inc. | Information Technology | |
|---|---|---|
| Nov 28, 2025 | 24.17% | — |
| Nov 29, 2024 | 18.39% | 11.95% |
| Dec 1, 2023 | 18.23% | 12.47% |
| Dec 2, 2022 | 17.51% | 14.49% |
| Dec 3, 2021 | 17.70% | 14.60% |
| Nov 27, 2020 | 21.66% | 11.43% |
| Nov 29, 2019 | 14.22% | 11.77% |
| Nov 30, 2018 | 13.80% | 10.94% |
| Dec 1, 2017 | 11.65% | 9.05% |
| Dec 2, 2016 | 9.20% | 9.79% |
| Nov 27, 2015 | 5.37% | 11.53% |
| Nov 28, 2014 | 2.49% | 12.37% |
| Nov 29, 2013 | 2.79% | 13.26% |
| Nov 30, 2012 | 8.35% | 14.08% |
| Dec 2, 2011 | 9.26% | 15.12% |
| Dec 3, 2010 | 9.52% | 14.52% |
| Nov 27, 2009 | 5.31% | 10.09% |
| Nov 28, 2008 | 14.98% | 12.00% |
| Nov 30, 2007 | 12.67% | 12.05% |
| Dec 1, 2006 | 8.48% | 12.22% |
| Dec 2, 2005 | 24.70% | 12.77% |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).