ATLAS
Enterprise AI applications·US·San Jose, CA·#5 / 31 in segment·0.6% of segment mcap
$253.37
-66.0% vs S&P 12m

Creative + Document Cloud + Experience Cloud; Firefly, Acrobat AI, and AI Assistant features rolling across the suite.

Strong AI productivity upside in creative workflows; faces real competition from native AI tools (Midjourney, Runway, Canva).

Products
  • Creative Cloud
  • Document Cloud
  • Experience Cloud
  • Firefly
Customers (2)
  • Creators
  • Enterprises
Competitors (3)

Composite score

Higher = stronger overall research case

66
Fundamental76
Technical30
Valuation88
AI relevance70
Risk-adjusted (higher = safer)49
Segment-relative fundamental percentile: 100

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: -10.5%6M RS: -33.4%12M RS: -66.0%Vol30d: 44%DD52w: -39.2%

Financial summary

Curated, illustrative

Revenue
$24.45B
Growth (YoY)
12.0%
Gross margin
89.4%
Operating margin
38.8%
FCF
$9.32B
Capex
$1.19B
Net cash / (debt)
$229.00M
ROIC
18.9%
Customer conc.
Medium

Valuation

Market cap
$102.41B
Enterprise value
$102.18B
P/E (TTM)
14.8x
Forward P/E
9.6x
EV / Sales
4.2x
EV / EBITDA
10.7x
P / FCF
11.0x
PEG
0.7x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 4
    Native AI creative competition
  • 3
    AI monetization framework

Score components

What drove the composite

Growth54
Profitability93
Cash generation96
Balance sheet79
Moat / AI relevance75
Capital intensity (higher = lighter)73
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)29
Momentum (3/6/12m)34
Relative strength15
Realized vol (higher = lower vol)48