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Side-by-side financial comparison of Adobe Inc. (ADBE) and C3.ai, Inc. (AI). Click either name above to swap in a different company.
Adobe Inc. is the larger business by last-quarter revenue ($6.4B vs $75.1M, roughly 85.1× C3.ai, Inc.). Adobe Inc. runs the higher net margin — 29.5% vs -139.3%, a 168.8% gap on every dollar of revenue. On growth, Adobe Inc. posted the faster year-over-year revenue change (12.0% vs -20.3%). Adobe Inc. produced more free cash flow last quarter ($2.9B vs $-46.9M). Over the past eight quarters, Adobe Inc.'s revenue compounded faster (9.8% CAGR vs -2.1%).
Adobe Inc., formerly Adobe Systems Incorporated, is an American multinational computer software company based in San Jose, California. It offers a wide range of programs from web design tools, photo manipulation, and vector creation to video and audio editing, mobile app development, print layout, and animation software.
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
ADBE vs AI — Head-to-Head
Income Statement — Q1 2026 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $6.4B | $75.1M |
| Net Profit | $1.9B | $-104.7M |
| Gross Margin | 89.6% | 40.4% |
| Operating Margin | 37.8% | -149.2% |
| Net Margin | 29.5% | -139.3% |
| Revenue YoY | 12.0% | -20.3% |
| Net Profit YoY | 4.3% | -58.7% |
| EPS (diluted) | $4.60 | $-0.75 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.2B | $75.1M | ||
| Q3 25 | $6.0B | $70.3M | ||
| Q2 25 | $5.9B | $108.7M | ||
| Q1 25 | $5.7B | $98.8M | ||
| Q4 24 | $5.6B | $94.3M | ||
| Q3 24 | $5.4B | $87.2M | ||
| Q2 24 | $5.3B | $86.6M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $-104.7M | ||
| Q3 25 | $1.8B | $-116.8M | ||
| Q2 25 | $1.7B | $-79.7M | ||
| Q1 25 | $1.8B | $-80.2M | ||
| Q4 24 | $1.7B | $-66.0M | ||
| Q3 24 | $1.7B | $-62.8M | ||
| Q2 24 | $1.6B | $-72.9M |
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 40.4% | ||
| Q3 25 | 89.3% | 37.6% | ||
| Q2 25 | 89.1% | 62.1% | ||
| Q1 25 | 89.1% | 59.1% | ||
| Q4 24 | 89.0% | 61.3% | ||
| Q3 24 | 89.8% | 59.8% | ||
| Q2 24 | 88.7% | 59.6% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | -149.2% | ||
| Q3 25 | 36.3% | -177.7% | ||
| Q2 25 | 35.9% | -81.8% | ||
| Q1 25 | 37.9% | -88.7% | ||
| Q4 24 | 34.9% | -79.8% | ||
| Q3 24 | 36.8% | -83.2% | ||
| Q2 24 | 35.5% | -95.1% |
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | -139.3% | ||
| Q3 25 | 29.6% | -166.2% | ||
| Q2 25 | 28.8% | -73.3% | ||
| Q1 25 | 31.7% | -81.2% | ||
| Q4 24 | 30.0% | -69.9% | ||
| Q3 24 | 31.1% | -72.0% | ||
| Q2 24 | 29.6% | -84.2% |
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $-0.75 | ||
| Q3 25 | $4.18 | $-0.86 | ||
| Q2 25 | $3.94 | $-0.60 | ||
| Q1 25 | $4.14 | $-0.62 | ||
| Q4 24 | $3.75 | $-0.52 | ||
| Q3 24 | $3.76 | $-0.50 | ||
| Q2 24 | $3.49 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.9B | $675.0M |
| Total DebtLower is stronger | $5.4B | — |
| Stockholders' EquityBook value | $11.4B | $771.9M |
| Total Assets | $29.7B | $961.3M |
| Debt / EquityLower = less leverage | 0.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $675.0M | ||
| Q3 25 | $5.9B | $711.9M | ||
| Q2 25 | $5.7B | $742.7M | ||
| Q1 25 | $7.4B | $724.3M | ||
| Q4 24 | $7.9B | $730.4M | ||
| Q3 24 | $7.5B | $762.5M | ||
| Q2 24 | $8.1B | $750.4M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $6.2B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — |
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $771.9M | ||
| Q3 25 | $11.8B | $798.8M | ||
| Q2 25 | $11.4B | $838.3M | ||
| Q1 25 | $13.1B | $860.2M | ||
| Q4 24 | $14.1B | $859.0M | ||
| Q3 24 | $14.5B | $874.9M | ||
| Q2 24 | $14.8B | $873.4M |
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $961.3M | ||
| Q3 25 | $28.8B | $968.7M | ||
| Q2 25 | $28.1B | $1.0B | ||
| Q1 25 | $30.0B | $1.1B | ||
| Q4 24 | $30.2B | $1.0B | ||
| Q3 24 | $29.8B | $1.1B | ||
| Q2 24 | $30.0B | $1.0B |
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.28× | — | ||
| Q2 24 | 0.28× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $-46.5M |
| Free Cash FlowOCF − Capex | $2.9B | $-46.9M |
| FCF MarginFCF / Revenue | 45.7% | -62.4% |
| Capex IntensityCapex / Revenue | 0.6% | 0.5% |
| Cash ConversionOCF / Net Profit | 1.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.3B | $-93.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $-46.5M | ||
| Q3 25 | $2.2B | $-33.5M | ||
| Q2 25 | $2.2B | $11.3M | ||
| Q1 25 | $2.5B | $-22.0M | ||
| Q4 24 | — | $-38.7M | ||
| Q3 24 | $2.0B | $8.0M | ||
| Q2 24 | $1.9B | $21.3M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $-46.9M | ||
| Q3 25 | $2.1B | $-34.3M | ||
| Q2 25 | $2.1B | $10.3M | ||
| Q1 25 | $2.5B | $-22.4M | ||
| Q4 24 | — | $-39.5M | ||
| Q3 24 | $2.0B | $7.1M | ||
| Q2 24 | $1.9B | $18.8M |
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | -62.4% | ||
| Q3 25 | 35.5% | -48.8% | ||
| Q2 25 | 36.5% | 9.5% | ||
| Q1 25 | 43.0% | -22.7% | ||
| Q4 24 | — | -41.9% | ||
| Q3 24 | 36.3% | 8.2% | ||
| Q2 24 | 35.8% | 21.7% |
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 0.5% | ||
| Q3 25 | 1.2% | 1.1% | ||
| Q2 25 | 0.8% | 0.9% | ||
| Q1 25 | 0.5% | 0.4% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | 1.1% | 1.1% | ||
| Q2 24 | 0.8% | 2.9% |
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADBE
| Subscription Revenue | $6.2B | 97% |
| Service Other | $110.0M | 2% |
| Products | $90.0M | 1% |
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
