Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together.
It is a $188B technology company. Revenue grew 11.2% over the last year, it keeps 22¢ of every dollar of sales as profit, and its net debt equals ~0.5 years of free cash flow. It trades at 19.5× earnings — near the lowest of its own history.
- Website
- salesforce.com
- Location
- San Francisco, CA
- Employees
- 83 334
- Sector
- Technology
- Founded
- 1999
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation, growth, profitability and quality.
Valuation82
- P/E vs own history4th pct · 25/25
- FCF yield8.0% · 25/25
- P/S4.3x · 20/25
- EV/EBITDA23.4x · 12/25
Growth90
- Revenue CAGR11.9% · 20/25
- Net income CAGR50.7% · 25/25
- EPS CAGR ~5Y12.9% · 20/25
- Fwd implied growth36.1% · 25/25
Profitability77
- ROIC11.1% · 12/25
- ROE20.1% · 20/25
- Net margin22.0% · 25/25
- Operating margin18.8% · 20/25
Health51
- Altman Zn/a · 0/25
- Current ratio0.84 · 6/25
- Interest coverage19.9x · 25/25
- Net cash / debtD/A 7% · 20/25
Quality92
- Piotroski F7/9 · 22/25
- Beneish M-3.14 · 25/25
- FCF conversion157% · 25/25
- Margin stabilityσ 7.6% · 20/25
Moat55
- ROIC >12% years0/11 yrs · 0/25
- Median gross margin74.4% · 25/25
- FCF-positive years11/11 yrs · 25/25
- Worst-year net marginworst -0.7% · 5/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2026FinancialBest year on record$7.46B net income
- 2025AcquisitionSalesforce announced plans to acquire data management platform Informatica for approximately $8 billion
- 2024AcquisitionSalesforce acquired data management firm Own for $1.9 billion
- FY2023FinancialBecame debt-freecash now exceeds total debt
- Jul 21, 2021AcquisitionAcquired Slack$27.7B for the office-messaging layer
- 2020AcquisitionSalesforce announced its acquisition of Slack for $27.7 billion, the largest in company history
- 2019AcquisitionAcquired Tableau$15.7B into analytics
- 2018AcquisitionSalesforce acquired several companies, including MuleSoft, a cloud service company, for $6.5 billion
- FY2018FinancialRevenue crossed $10B$10.5B for the year
- FY2017FinancialTurned profitable$180M net income after a loss year
- 2016ProductLaunched at Dreamforce in 2016, Salesforce Einstein was the company's first artificial intelligence product
- FY2016FinancialRevenue already above $1B$6.67B in first reported year
- 2013AcquisitionSalesforce acquired ExactTarget, an email marketer, for $2.5 billion
- Jun 23, 2004IPOIPO on NYSEwent public at $11 per share
- 1999FoundedFounded in a Telegraph Hill apartmentMarc Benioff leaves Oracle; "No Software" mantra
- 1999ProductThe first prototype of Salesforce was launched in November 1999
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (77.3%)
- Strongly profitable — 22.0% net margin
- Revenue growing 11.2% year over year
- Strong cash conversion — FCF is 34.5% of revenue
- Interest covered 19.9× by operating earnings
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+11.2% YoY
- Profitable — makes more than it spends$9.66B TTM
- Profit growing — earnings are higher than last year+234.4% YoY
- Generates cash — cash left after running and investing$15.2B TTM
- Debt under control — could handle its obligations~0.5y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$188B market cap
- Not printing shares — share count not ballooning — you keep your slice-0.1% shares over ~5y
- Proven track record — years of profitability behind it10/11 profitable years
- Financially stable — balance sheet not near distresshealth score 31/100
- Pays a dividend — returns cash to shareholdersyield 0.80%
- Valuation not extreme — price not wildly above earningsP/E 19.5
Peer comparisonSalesforce, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| CRM this company | $188.3B | 19.5 | +11.2% | 22.0% | Strained |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: CRM vs NVDA · CRM vs AAPL · CRM vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2026. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/CRM
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of CRM on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $228.83 · market cap $188B.