Is Adobe a Better Buy Than Salesforce?

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Salesforce fell -6.1% during the past Day. You may be tempted to buy more, or may want to reduce your exposure. But there is an entirely different perspective you might be missing. Is there a better alternative? Turns out, its peer Adobe gives you more. Adobe (ADBE) stock offers superior revenue growth across key periods, better profitability, and relatively lower valuation vs Salesforce (CRM) stock, suggesting you may be better off investing in ADBE

  • ADBE’s quarterly revenue growth was 10.5%, vs. CRM’s 8.6%.
  • In addition, its Last 12 Months revenue growth came in at 10.5%, ahead of CRM’s 8.4%.
  • ADBE leads on profitability over both periods – LTM margin of 36.6% and 3-year average of 35.6%.

These differences become even clearer when you look at the financials side by side. The table highlights how CRM’s fundamentals stack up against those of ADBE on growth, margins, momentum, and valuation multiples.

Valuation & Performance Overview

  CRM ADBE Preferred
     
Valuation      
P/EBIT Ratio 22.9 14.0 ADBE
     
Revenue Growth      
Last Quarter 8.6% 10.5% ADBE
Last 12 Months 8.4% 10.5% ADBE
Last 3 Year Average 10.0% 10.5% ADBE
     
Operating Margins      
Last 12 Months 22.0% 36.6% ADBE
Last 3 Year Average 19.2% 35.6% ADBE
     
Momentum      
Last 3 Year Return 31.7% -21.3% CRM

Note: For “Last 3 Year Return” metric, preferred stock is one with higher returns unless the returns are too high (>300%) which creates risk of sell off.
See more revenue details: CRM Revenue Comparison | ADBE Revenue Comparison
See more margin details: CRM Operating Income Comparison | ADBE Operating Income Comparison

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See detailed fundamentals on Buy or Sell ADBE Stock and Buy or Sell CRM Stock. Below we compare market return and related metrics across years.

Historical Market Performance

  2021 2022 2023 2024 2025 2026 Total [1] Avg Best
Returns
CRM Return 14% -48% 98% 28% -20% -14% 4%    
ADBE Return 13% -41% 77% -25% -21% -14% -40%    
S&P 500 Return 27% -19% 24% 23% 16% 2% 86%   <===
Monthly Win Rates [3]
CRM Win Rate 58% 33% 50% 67% 42% 0%   42%  
ADBE Win Rate 67% 33% 67% 33% 25% 0%   38%  
S&P 500 Win Rate 75% 42% 67% 75% 67% 100%   71% <===
Max Drawdowns [4]
CRM Max Drawdown -8% -50% 0% -17% -32% -17%   -21%  
ADBE Max Drawdown -16% -51% -5% -27% -30% -17%   -24%  
S&P 500 Max Drawdown -1% -25% -1% -2% -15% -1%   -7% <===

[1] Cumulative total returns since the beginning of 2021
[2] 2026 data is for the year up to 1/29/2026 (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year

No matter how good the numbers, stock investment is never a smooth ride. There is a risk you must factor in. Read ADBE Dip Buyer Analyses and CRM Dip Buyer Analyses to see how these stocks have fallen and recovered in the past.

Still not sure about CRM or ADBE? Consider portfolio approach.

Stock Picking Falls Short Against Multi Asset Portfolios

Individual stocks can soar or tank but multi asset exposure steadies the ride. A spread out portfolio captures upside while limiting the damage from any one market.

The asset allocation framework of Trefis’ Boston-based, wealth management partner yielded positive returns during the 2008-09 period when the S&P lost more than 40%. Our partner’ strategy now includes Trefis High Quality Portfolio, which has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices