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Side-by-side financial comparison of Adobe Inc. (ADBE) and Emerson Electric (EMR). Click either name above to swap in a different company.
Adobe Inc. is the larger business by last-quarter revenue ($6.4B vs $4.3B, roughly 1.5× Emerson Electric). Adobe Inc. runs the higher net margin — 29.5% vs 13.9%, a 15.6% gap on every dollar of revenue. On growth, Adobe Inc. posted the faster year-over-year revenue change (12.0% vs 4.1%). Adobe Inc. produced more free cash flow last quarter ($2.9B vs $602.0M). Over the past eight quarters, Adobe Inc.'s revenue compounded faster (9.8% CAGR vs -0.3%).
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.
Emerson ElectricEMREarnings & Financial Report
Emerson Electric Co. is an American multinational corporation headquartered in St. Louis, Missouri. The Fortune 500 company delivers a range of engineering services, manufactures industrial automation equipment, climate control systems, and precision measurement instruments, and provides software engineering for industrial, commercial, and consumer markets.
ADBE vs EMR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.4B | $4.3B |
| Net Profit | $1.9B | $605.0M |
| Gross Margin | 89.6% | 53.2% |
| Operating Margin | 37.8% | 17.8% |
| Net Margin | 29.5% | 13.9% |
| Revenue YoY | 12.0% | 4.1% |
| Net Profit YoY | 4.3% | 3.4% |
| EPS (diluted) | $4.60 | $1.07 |
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 | $4.3B | ||
| Q3 25 | $6.0B | $4.9B | ||
| Q2 25 | $5.9B | $4.6B | ||
| Q1 25 | $5.7B | $4.4B | ||
| Q4 24 | $5.6B | $4.2B | ||
| Q3 24 | $5.4B | $4.6B | ||
| Q2 24 | $5.3B | $4.4B |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $605.0M | ||
| Q3 25 | $1.8B | $637.0M | ||
| Q2 25 | $1.7B | $586.0M | ||
| Q1 25 | $1.8B | $485.0M | ||
| Q4 24 | $1.7B | $585.0M | ||
| Q3 24 | $1.7B | $996.0M | ||
| Q2 24 | $1.6B | $329.0M |
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 53.2% | ||
| Q3 25 | 89.3% | 51.9% | ||
| Q2 25 | 89.1% | 52.6% | ||
| Q1 25 | 89.1% | 53.5% | ||
| Q4 24 | 89.0% | 53.5% | ||
| Q3 24 | 89.8% | 51.3% | ||
| Q2 24 | 88.7% | 52.8% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 17.8% | ||
| Q3 25 | 36.3% | 16.4% | ||
| Q2 25 | 35.9% | 16.1% | ||
| Q1 25 | 37.9% | 14.2% | ||
| Q4 24 | 34.9% | 18.6% | ||
| Q3 24 | 36.8% | 14.7% | ||
| Q2 24 | 35.5% | 10.4% |
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 13.9% | ||
| Q3 25 | 29.6% | 13.1% | ||
| Q2 25 | 28.8% | 12.9% | ||
| Q1 25 | 31.7% | 10.9% | ||
| Q4 24 | 30.0% | 14.0% | ||
| Q3 24 | 31.1% | 21.6% | ||
| Q2 24 | 29.6% | 7.5% |
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $1.07 | ||
| Q3 25 | $4.18 | $1.12 | ||
| Q2 25 | $3.94 | $1.04 | ||
| Q1 25 | $4.14 | $0.86 | ||
| Q4 24 | $3.75 | $1.02 | ||
| Q3 24 | $3.76 | $1.74 | ||
| Q2 24 | $3.49 | $0.57 |
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 | — |
| Total DebtLower is stronger | $5.4B | $7.6B |
| Stockholders' EquityBook value | $11.4B | $20.3B |
| Total Assets | $29.7B | $41.9B |
| Debt / EquityLower = less leverage | 0.47× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $5.7B | — | ||
| Q1 25 | $7.4B | — | ||
| Q4 24 | $7.9B | — | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $8.1B | — |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | $7.6B | ||
| Q3 25 | $6.2B | $8.9B | ||
| Q2 25 | $6.2B | $8.3B | ||
| Q1 25 | $6.2B | $8.2B | ||
| Q4 24 | $4.1B | $6.6B | ||
| Q3 24 | $4.1B | $7.7B | ||
| Q2 24 | $4.1B | $7.1B |
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $20.3B | ||
| Q3 25 | $11.8B | $20.3B | ||
| Q2 25 | $11.4B | $19.9B | ||
| Q1 25 | $13.1B | $19.2B | ||
| Q4 24 | $14.1B | $20.5B | ||
| Q3 24 | $14.5B | $21.6B | ||
| Q2 24 | $14.8B | $20.8B |
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $41.9B | ||
| Q3 25 | $28.8B | $42.0B | ||
| Q2 25 | $28.1B | $42.5B | ||
| Q1 25 | $30.0B | $42.0B | ||
| Q4 24 | $30.2B | $42.6B | ||
| Q3 24 | $29.8B | $44.2B | ||
| Q2 24 | $30.0B | $45.6B |
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | 0.37× | ||
| Q3 25 | 0.53× | 0.44× | ||
| Q2 25 | 0.54× | 0.42× | ||
| Q1 25 | 0.47× | 0.42× | ||
| Q4 24 | 0.29× | 0.32× | ||
| Q3 24 | 0.28× | 0.36× | ||
| Q2 24 | 0.28× | 0.34× |
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 | $699.0M |
| Free Cash FlowOCF − Capex | $2.9B | $602.0M |
| FCF MarginFCF / Revenue | 45.7% | 13.9% |
| Capex IntensityCapex / Revenue | 0.6% | 2.2% |
| Cash ConversionOCF / Net Profit | 1.57× | 1.16× |
| TTM Free Cash FlowTrailing 4 quarters | $10.3B | $4.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $699.0M | ||
| Q3 25 | $2.2B | $3.1B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.5B | $241.0M | ||
| Q4 24 | — | $777.0M | ||
| Q3 24 | $2.0B | $3.3B | ||
| Q2 24 | $1.9B | $1.1B |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $602.0M | ||
| Q3 25 | $2.1B | $2.7B | ||
| Q2 25 | $2.1B | $977.0M | ||
| Q1 25 | $2.5B | $154.0M | ||
| Q4 24 | — | $694.0M | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $1.9B | $998.0M |
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 13.9% | ||
| Q3 25 | 35.5% | 54.9% | ||
| Q2 25 | 36.5% | 21.5% | ||
| Q1 25 | 43.0% | 3.5% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 36.3% | 63.1% | ||
| Q2 24 | 35.8% | 22.8% |
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 2.2% | ||
| Q3 25 | 1.2% | 8.9% | ||
| Q2 25 | 0.8% | 2.0% | ||
| Q1 25 | 0.5% | 2.0% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 1.1% | 9.1% | ||
| Q2 24 | 0.8% | 2.1% |
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 1.16× | ||
| Q3 25 | 1.24× | 4.86× | ||
| Q2 25 | 1.30× | 1.83× | ||
| Q1 25 | 1.37× | 0.50× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | 1.20× | 3.35× | ||
| Q2 24 | 1.23× | 3.31× |
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% |
EMR
| Other | $1.8B | 41% |
| Software And Systems | $1.0B | 24% |
| Intelligent Devices | $996.0M | 23% |
| Safety And Productivity | $503.0M | 12% |
