Adobe vs Salesforce (ADBE vs CRM)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Salesforce is the larger company by revenue ($41.5B vs $23.8B) and market value ($133.8B vs $88.9B). Salesforce has grown revenue faster over the last 4 fiscal years (+56.7% cumulative vs +50.6%). Adobe runs the higher operating margin (36.6% vs 20.1%). Adobe trades at the lower trailing P/E (12.8x vs 18.9x).
About Adobe
Adobe Inc. develops software platforms and tools that support creativity, productivity, and personalized customer experiences. Its products serve business professionals, consumers, creators, creative professionals, and marketing professionals by providing AI-powered applications for content creation, document management, and digital marketing. Adobe offers integrated solutions that cover the entire content lifecycle, from ideation to delivery, across desktop, web, and mobile environments.
About Salesforce
Salesforce, Inc. provides customer relationship management technology through its AI-powered Agentforce 360 Platform, which integrates sales, service, marketing, commerce, collaboration, data management, and analytics on a unified platform. The company offers solutions such as Agentforce Sales and Agentforce Service to help businesses automate processes, improve productivity, and deliver personalized customer experiences. Salesforce serves organizations worldwide across various industries, primarily through subscription-based sales and partnerships.
Head to head (ADBE FY2025 vs CRM FY2025)
| Metric | ADBEFY2025 | CRMFY2025 |
|---|---|---|
| Revenue | $23.77B | $41.52B |
| Revenue growth (YoY) | 10.5% | 9.6% |
| Gross margin | 89.3% | 77.7% |
| Operating margin | 36.6% | 20.1% |
| Net margin | 30.0% | 18.0% |
| Net income | $7.13B | $7.46B |
| Diluted EPS | $16.70 | $7.80 |
| FCF margin | 41.4% | 34.7% |
| ROE | 61.3% | 12.6% |
| Debt / equity | 0.5× | 0.2× |
| Market cap | $88.90B | $133.76B |
| P/E (TTM) | 12.8× | 18.9× |
Fundamentals are from each company’s SEC filings (ADBE FY2025, CRM FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| ADBE | $15.79B | $17.61B | $19.41B | $21.50B | $23.77B |
| CRM | $26.49B | $31.35B | $34.86B | $37.90B | $41.52B |
Peer standing
Where each company ranks among the 330 software companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | ADBE | CRM |
|---|---|---|
| Gross margin | 89.3%98th percentile of 261 | 77.7%77th percentile of 261 |
| Operating margin | 36.6%97th percentile of 302 | 20.1%84th percentile of 302 |
| Net margin | 30.0%91st percentile of 306 | 18.0%80th percentile of 306 |
| FCF margin | 41.4%98th percentile of 283 | 34.7%94th percentile of 283 |
| Revenue growth (YoY) | +10.5%50th percentile of 323 | +9.6%47th percentile of 323 |
| ROE | 61.3%94th percentile of 283 | 12.6%67th percentile of 283 |
| P/E (TTM) | 12.8×23rd percentile of 171 | 18.9×41st percentile of 171 |
| Debt / equity | 0.53×58th percentile of 125 | 0.18×30th percentile of 125 |
| Short interest (days to cover) | 2.32d37th percentile of 329 | 2.44d40th percentile of 329 |
Short interest
| FINRA settlement data | ADBE | CRM |
|---|---|---|
| Shares sold short | 19.6M | 50.6M |
| Change vs prior settlement | -6.1% | -14.3% |
| Days to cover | 2.32 | 2.44 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | ADBE | CRM |
|---|---|---|
| Buys | 1 ($1.9M) | — |
| Sells | 5 ($18.8M) | — |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
8 tracked 13F managers hold both Adobe and Salesforce as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Harris Associates (Oakmark), Millennium Management, Polen Capital Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
Go deeper
Track ADBE and CRM
Get an alert when either company files something material, see which superinvestors own them, and ask their filings a question with cited answers.
Start monitoring freeIncludes one free filing-grounded research answer. Or check your whole portfolio, no account needed.
Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.