Salesforce, Inc.CRM
NYSE•Technology•Software - Application
Salesforce, Inc. provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific. The company offers Agentforce, which enables customers to build, deploy, and manage enterprise-grade, autonomous AI agents at scale, enabling humans and agents to work together; Agentforce Sales, an integrated platform that brings together the power of humans with AI agents to help sales teams for selling, managing, and automating entire sales processes; Agentforce Service, which enables companies in every industry to bring all of their customer, employee, IT, and field service needs onto one integrated AI-powered platform; Data 360, a data engine that gives AI agents their context and serves as the foundation for how customers unify service offerings, making their data actionable for both humans and agents; Informatica, an AI-powered data management platform that enables customers to discover, integrate, govern, and deliver trusted data at scale across hybrid and multi-cloud environments; and Slack, a conversational interface for the agentic enterprise where people and agents work together, connecting knowledge, actions, and data in real time. It also provides marketing platforms; commerce services, which empower shopping experiences across various customer touchpoints; integration and analytics solutions; Salesforce Starter, a suite for small and medium-sized businesses that brings sales, service, marketing, and commerce together; and a field service solution that enables companies to connect service agents, dispatchers, and mobile employees through one centralized platform to schedule and dispatch work, as well as track and manage jobs. It serves financial services, healthcare and life sciences, manufacturing, automotive, and government sectors. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.
Salesforce, Inc. (CRM) reported trailing twelve months revenue of $42.83B as of April 2026, a 11.0% increase year-over-year. Quarterly revenue reached $11.13B, reflecting continued top-line momentum.
Salesforce, Inc. generated $8.02B in TTM net income, with quarterly EBITDA of $3.33B. The operating margin expanded from 19.8% to 21.1%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (21.1%) and net margin (18.9%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 15.7% a year ago, signaling stronger bottom-line efficiency.
CRM trades at a P/E of 19.6x (in line with broad market averages) and a P/S of 3.7x. The price-to-book ratio of 4.6x reflects a moderate premium to book value.
The company generated $6.56B in free cash flow over the trailing twelve months, a 4.1% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $106.68B in total assets with $39.28B in long-term debt against $34.23B in stockholders equity for a debt-to-equity ratio of 1.1. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~19.9%, suggesting durable pricing power and cost discipline.
ROE is positive at ~12.4% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~17.5% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~20.5% — no sign of cost or pricing stress.
FCF covers net income by 1.9x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 725.2% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 10.0% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation