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Side-by-side financial comparison of Adobe Inc. (ADBE) and Carnival (CCL). Click either name above to swap in a different company.
Adobe Inc. is the larger business by last-quarter revenue ($6.4B vs $6.3B, roughly 1.0× Carnival). Adobe Inc. runs the higher net margin — 29.5% vs 6.6%, a 22.9% gap on every dollar of revenue. On growth, Adobe Inc. posted the faster year-over-year revenue change (12.0% vs 6.6%). Adobe Inc. produced more free cash flow last quarter ($2.9B vs $12.0M). Over the past eight quarters, Adobe Inc.'s revenue compounded faster (9.8% CAGR vs 8.2%).
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.
CarnivalCCLEarnings & Financial Report
Carnival is the world's largest leisure travel group specializing in cruise operations. It owns multiple globally recognized cruise brands, serving millions of passengers yearly, offering all-inclusive vacation experiences covering accommodation, catering, entertainment, and shore excursions across global popular destinations.
ADBE vs CCL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.4B | $6.3B |
| Net Profit | $1.9B | $421.0M |
| Gross Margin | 89.6% | — |
| Operating Margin | 37.8% | 11.6% |
| Net Margin | 29.5% | 6.6% |
| Revenue YoY | 12.0% | 6.6% |
| Net Profit YoY | 4.3% | 38.9% |
| EPS (diluted) | $4.60 | $0.33 |
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 | $6.3B | ||
| Q3 25 | $6.0B | $8.2B | ||
| Q2 25 | $5.9B | $6.3B | ||
| Q1 25 | $5.7B | $5.8B | ||
| Q4 24 | $5.6B | $5.9B | ||
| Q3 24 | $5.4B | $7.9B | ||
| Q2 24 | $5.3B | $5.8B |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $421.0M | ||
| Q3 25 | $1.8B | $1.9B | ||
| Q2 25 | $1.7B | $565.0M | ||
| Q1 25 | $1.8B | $-78.0M | ||
| Q4 24 | $1.7B | $303.0M | ||
| Q3 24 | $1.7B | $1.7B | ||
| Q2 24 | $1.6B | $92.0M |
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | — | ||
| Q3 25 | 89.3% | 46.2% | ||
| Q2 25 | 89.1% | 38.6% | ||
| Q1 25 | 89.1% | 35.2% | ||
| Q4 24 | 89.0% | 35.5% | ||
| Q3 24 | 89.8% | 45.5% | ||
| Q2 24 | 88.7% | 34.3% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 11.6% | ||
| Q3 25 | 36.3% | 27.9% | ||
| Q2 25 | 35.9% | 14.8% | ||
| Q1 25 | 37.9% | 9.3% | ||
| Q4 24 | 34.9% | 9.4% | ||
| Q3 24 | 36.8% | 27.6% | ||
| Q2 24 | 35.5% | 9.7% |
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 6.6% | ||
| Q3 25 | 29.6% | 22.7% | ||
| Q2 25 | 28.8% | 8.9% | ||
| Q1 25 | 31.7% | -1.3% | ||
| Q4 24 | 30.0% | 5.1% | ||
| Q3 24 | 31.1% | 22.0% | ||
| Q2 24 | 29.6% | 1.6% |
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $0.33 | ||
| Q3 25 | $4.18 | $1.33 | ||
| Q2 25 | $3.94 | $0.42 | ||
| Q1 25 | $4.14 | $-0.06 | ||
| Q4 24 | $3.75 | $0.28 | ||
| Q3 24 | $3.76 | $1.26 | ||
| Q2 24 | $3.49 | $0.07 |
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 | $1.9B |
| Total DebtLower is stronger | $5.4B | $27.4B |
| Stockholders' EquityBook value | $11.4B | $12.3B |
| Total Assets | $29.7B | $51.7B |
| Debt / EquityLower = less leverage | 0.47× | 2.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $1.9B | ||
| Q3 25 | $5.9B | $1.8B | ||
| Q2 25 | $5.7B | $2.1B | ||
| Q1 25 | $7.4B | $833.0M | ||
| Q4 24 | $7.9B | $1.2B | ||
| Q3 24 | $7.5B | $1.5B | ||
| Q2 24 | $8.1B | $1.6B |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $27.4B | ||
| Q3 25 | $6.2B | $27.2B | ||
| Q2 25 | $6.2B | $28.0B | ||
| Q1 25 | $6.2B | $27.7B | ||
| Q4 24 | $4.1B | $28.2B | ||
| Q3 24 | $4.1B | $29.6B | ||
| Q2 24 | $4.1B | $30.2B |
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $12.3B | ||
| Q3 25 | $11.8B | $11.9B | ||
| Q2 25 | $11.4B | $10.0B | ||
| Q1 25 | $13.1B | $9.2B | ||
| Q4 24 | $14.1B | $9.3B | ||
| Q3 24 | $14.5B | $8.6B | ||
| Q2 24 | $14.8B | $6.8B |
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $51.7B | ||
| Q3 25 | $28.8B | $50.8B | ||
| Q2 25 | $28.1B | $51.2B | ||
| Q1 25 | $30.0B | $48.5B | ||
| Q4 24 | $30.2B | $49.1B | ||
| Q3 24 | $29.8B | $49.8B | ||
| Q2 24 | $30.0B | $49.6B |
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | 2.23× | ||
| Q3 25 | 0.53× | 2.28× | ||
| Q2 25 | 0.54× | 2.79× | ||
| Q1 25 | 0.47× | 3.02× | ||
| Q4 24 | 0.29× | 3.05× | ||
| Q3 24 | 0.28× | 3.45× | ||
| Q2 24 | 0.28× | 4.43× |
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 | $1.5B |
| Free Cash FlowOCF − Capex | $2.9B | $12.0M |
| FCF MarginFCF / Revenue | 45.7% | 0.2% |
| Capex IntensityCapex / Revenue | 0.6% | 23.8% |
| Cash ConversionOCF / Net Profit | 1.57× | 3.61× |
| TTM Free Cash FlowTrailing 4 quarters | $10.3B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.2B | $2.4B | ||
| Q1 25 | $2.5B | $925.0M | ||
| Q4 24 | — | $911.0M | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.9B | $2.0B |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $12.0M | ||
| Q3 25 | $2.1B | $736.0M | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.5B | $318.0M | ||
| Q4 24 | — | $319.0M | ||
| Q3 24 | $2.0B | $628.0M | ||
| Q2 24 | $1.9B | $720.0M |
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 0.2% | ||
| Q3 25 | 35.5% | 9.0% | ||
| Q2 25 | 36.5% | 24.4% | ||
| Q1 25 | 43.0% | 5.5% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | 36.3% | 8.0% | ||
| Q2 24 | 35.8% | 12.5% |
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 23.8% | ||
| Q3 25 | 1.2% | 7.9% | ||
| Q2 25 | 0.8% | 13.4% | ||
| Q1 25 | 0.5% | 10.4% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | 1.1% | 7.3% | ||
| Q2 24 | 0.8% | 22.8% |
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 3.61× | ||
| Q3 25 | 1.24× | 0.75× | ||
| Q2 25 | 1.30× | 4.23× | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | — | 3.01× | ||
| Q3 24 | 1.20× | 0.69× | ||
| Q2 24 | 1.23× | 22.16× |
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% |
CCL
| Cruise Passenger Ticket | $4.1B | 64% |
| Other | $2.2B | 34% |
| Cruise | $90.0M | 1% |
| Tour And Other | $29.0M | 0% |
