Salesforce, Inc.
CRM· NYSE· Services-Prepackaged Software
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 34.7%
- ROIC, 5 yr avg
- 6.0%
- Revenue, 5 yr CAGR
- +14.3%
We record prices for the companies we cover; CRM is not one of them yet.
Company statistics
Profile · FY2026
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 956.0M
- Revenue
- $41.5B
- Free cash flow
- $14.4B
- Owner earnings
- $10.9B
Valuation · FY2026
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2026
- Gross
- 77.7%
- Operating
- 20.1%
- Net
- 18.0%
- Free cash flow
- 34.7%
- Owner earnings
- 26.2%
- Stock pay
- 8.5%
Returns
- ROIC, FY2026
- 10.2%
- ROIC, 5 yr avg
- 6.0%
- ROE, FY2026
- 12.6%
- ROE, 5 yr avg
- 6.5%
Growth (CAGR)
- Revenue, 3 yr
- 9.8%
- Revenue, 5 yr
- 14.3%
- Revenue, 9 yr
- 19.4%
- Diluted EPS, 3 yr
- 233.7%
- Diluted EPS, 5 yr
- 12.2%
- Diluted EPS, 9 yr
- 37.0%
- Free cash flow, 3 yr
- 31.6%
- Free cash flow, 5 yr
- 28.6%
- Free cash flow, 9 yr
- 26.8%
Financial health · FY2026
- Cash and investments
- $9.6B
- Total debt
- $14.4B
- Net debt
- $4.9B
- Debt/Equity
- 0.2x
- Debt/FCF
- 1.0x
Shareholder returns · FY2026
- Dividend yield
- –
- Payout ratio
- 21.3%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 0.6%
Financials: ten years from the 10-Ks
Revenue
$41.5B
+19.4% a year over 9 years
FY2017FY2026
Margins
Gross77.7%Operating20.1%Net18.0%
FY2026
FY2017FY2026
Free cash flow and owner earnings
Free cash flow$14.4BOwner earnings$10.9B
Free cash flow +26.8% a year
FY2017FY2026
Diluted shares
956.0M
+36.6% over 9 years, net dilution
FY2017FY2026
Return on invested capital
10.2%
FY2026
FY2017FY2026
Net debt (below zero)
-$4.9B
$4.9B more debt than cash
FY2017FY2026
Every figure, year by year
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $8.4B | $10.5B | $13.3B | $17.1B | $21.3B | $26.5B | $31.4B | $34.9B | $37.9B | $41.5B |
| Revenue growth | 26.5% | 24.9% | 26.0% | 28.7% | 24.3% | 24.7% | 18.3% | 11.2% | 8.7% | 9.6% |
| Gross margin | 73.5% | 73.7% | 74.0% | 75.2% | 74.4% | 73.5% | 73.3% | 75.5% | 77.2% | 77.7% |
| Operating margin | 2.6% | 4.3% | 4.0% | 1.7% | 2.1% | 2.1% | 3.3% | 14.4% | 19.0% | 20.1% |
| Net income | $323.0M | $360.0M | $1.1B | $126.0M | $4.1B | $1.4B | $208.0M | $4.1B | $6.2B | $7.5B |
| Net margin | 3.8% | 3.4% | 8.4% | 0.7% | 19.2% | 5.5% | 0.7% | 11.9% | 16.4% | 18.0% |
| Diluted EPS | $0.46 | $0.49 | $1.43 | $0.15 | $4.38 | $1.48 | $0.21 | $4.20 | $6.36 | $7.80 |
| Return on invested capital? | – | 5.1% | – | 0.2% | – | 0.9% | 0.6% | 7.6% | 10.8% | 10.2% |
| Cash | ||||||||||
| Operating cash flow | $2.2B | $2.7B | $3.4B | $4.3B | $4.8B | $6.0B | $7.1B | $10.2B | $13.1B | $15.0B |
| Capital expenditure | $464.0M | $534.0M | $595.0M | $643.0M | $710.0M | $717.0M | $798.0M | $736.0M | $658.0M | $594.0M |
| Free cash flow | $1.7B | $2.2B | $2.8B | $3.7B | $4.1B | $5.3B | $6.3B | $9.5B | $12.4B | $14.4B |
| Stock-based compensation | $820.0M | $997.0M | $1.3B | $1.8B | $2.2B | $2.8B | $3.3B | $2.8B | $3.2B | $3.5B |
| Owner earnings? | $878.0M | $1.2B | $1.5B | $1.9B | $1.9B | $2.5B | $3.0B | $6.7B | $9.3B | $10.9B |
| Free cash flow per share | $2.43 | $3.00 | $3.62 | $4.34 | $4.40 | $5.42 | $6.33 | $9.65 | $12.77 | $15.06 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | $0 | $0 | $1.5B | $1.6B |
| Share repurchases | – | – | – | – | $0 | $0 | $4.0B | $7.6B | $7.8B | $12.6B |
| Diluted shares | 700.0M | 735.0M | 775.0M | 850.0M | 930.0M | 974.0M | 997.0M | 984.0M | 974.0M | 956.0M |
| Share count change? | 5.8% | 5.0% | 5.4% | 9.7% | 9.4% | 4.7% | 2.4% | -1.3% | -1.0% | -1.8% |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.6B | $2.5B | $2.7B | $4.1B | $6.2B | $5.5B | $7.0B | $8.5B | $8.8B | $7.3B |
| Short-term investments | $602.3M | $2.0B | $1.7B | $3.8B | $5.8B | $5.1B | $5.5B | $5.7B | $5.2B | $2.2B |
| Total debt | $2.0B | $1.7B | $3.2B | $2.7B | $2.7B | $10.6B | $10.6B | $9.4B | $8.4B | $14.4B |
| Net debt | -$200.9M | -$2.8B | -$1.2B | -$5.3B | -$9.3B | $59.0M | -$1.9B | -$4.8B | -$5.6B | $4.9B |
| Shareholders' equity | $8.2B | $10.4B | $15.6B | $33.9B | $41.5B | $58.1B | $58.4B | $59.6B | $61.2B | $59.1B |
Latest filings
| 2026-08-27 | 10-Q | Quarterly report |
| 2026-08-26 | 8-K | Earnings release |
| 2026-05-28 | 10-Q | Quarterly report |
| 2026-05-27 | 8-K | Earnings release |
| 2026-04-16 | DEF 14A | Proxy statement |
| 2026-03-02 | 10-K | Annual report |
| 2026-02-25 | 8-K | Earnings release |
| 2025-12-04 | 10-Q | Quarterly report |
| 2025-12-03 | 8-K | Earnings release |
| 2025-09-04 | 10-Q | Quarterly report |
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