Salesforce, Inc. (CRM)
Information Technology · Application Software · US stock · S&P 500 component
$240.70
▼ -6.04 (2.45%)
Fair valueOvervalued
$153 −36.3% to fair value
$77fair band $92–$215$230
Day's range
$237.26 – $251.94
52-week range
$146.06 – $267.80
About Salesforce, Inc.
Salesforce provides cloud software for managing customer relationships, including sales, service, marketing, commerce and analytics products, as well as the Slack workplace tool and the Tableau data platform. Businesses pay recurring subscription fees to use these applications, and the company also earns revenue from professional services. It has been adding artificial intelligence agents to its products, and acquisitions have been a regular part of its growth.
Over the latest twelve months the company reported revenue of $43.9 billion, with growth of 9.8% a year across three years. It reports an operating margin of 19.9%, with return on invested capital of 10%. Leverage, measured as net debt to EBITDA, is 3.0 times. A dividend is paid, with a yield of 0.7%. Overall, it receives an X-Ray Score of 50 out of 100. These figures describe past results and the present financial position only.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $146.06 – $267.80Volume 8,339,700Daily, split-adjusted
Vitals
Market cap$197.6B
52-week range$146.06 – $267.80
Volume (last day)8,339,700
P/E (TTM)22.4
EBIT / EV yield3.8%
Free-cash-flow yield7.7%
Dividend yield0.7%
Revenue (TTM)$43.9B
Net income (TTM)$9.7B
Operating margin19.9%
Return on capital9.9%
Debt incl. leases$41.7B
Cash & securities$11.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$153model spread $145 – $162
Overvalued
−36.3% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.45x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $241
Undervalued < $92Fair $92 – $215Overvalued > $215
10-year DCF (market-scaled)
$149
Peer multiples
$181
Earnings power floor (not blended)
$12
Fundamentals-adjusted multiple
$130
Growth the price implies
23.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Fair
57/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield3.8%
Free-cash-flow yield7.7%
Fair value vs price0.6×
Growth
Fair
69/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)9.8%
EPS growth (3y)233.7%
Growth consistency100%
Profitability
Weak
40/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital9.9%
Operating margin19.9%
Gross profitability31.0%
Financial health
Weak
33/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA3.0×
Interest cover8.9×
Dividends
Weak
48/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.7%
Dividends vs free cash flow9%
Quarterly results: last 6 quarters
+7.6%
Apr '25
+9.8%
Jul '25
+8.6%
Oct '25
+12.1%
Jan '26
+13.3%
Apr '26
+10.8%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $11.3B, diluted EPS $4.29.
Compare with peers
ADBE Adobe Inc.77 INTU Intuit Inc.72 FICO Fair Isaac Corp70 ADSK Autodesk, Inc.67Other Application Software companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 6 Average · ● 5 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 52/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $26.5B | $31.4B | $34.9B | $37.9B | $41.5B |
| Operating income | $548M | $1.0B | $5.0B | $7.2B | $8.3B |
| Net income | $1.4B | $208M | $4.1B | $6.2B | $7.5B |
| Operating cash flow | $6.0B | $7.1B | $10.2B | $13.1B | $15.0B |
| Operating margin | 2.1% | 3.3% | 14.4% | 19.0% | 20.1% |
| Free cash flow | $5.3B | $6.3B | $9.5B | $12.4B | $14.4B |
| Diluted EPS | $1.48 | $0.21 | $4.20 | $6.36 | $7.80 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 3 neutral · 1 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 233.2 | Bullish |
| EMA 10 | 236.3 | Bullish |
| SMA 20 | 233.2 | Bullish |
| EMA 20 | 235.0 | Bullish |
| SMA 50 | 229.9 | Bullish |
| EMA 50 | 225.9 | Bullish |
| SMA 100 | 200.7 | Bullish |
| EMA 100 | 213.3 | Bullish |
| SMA 200 | 198.3 | Bullish |
| EMA 200 | 211.0 | Bullish |
Oscillators (daily)
| RSI (14) | 55.84 | Neutral |
| MACD (12, 26) | 1.94 | Bullish |
| Momentum (12) | 4.85 | Bullish |
| Stochastic %K (14) | 64.49 | Neutral |
| Williams %R (14) | -35.51 | Neutral |
| CCI (20) | 124.9 | Bearish |
Pivot points (classic, last session)
S3 220.0 | S2 228.6 | S1 234.7 | Pivot 243.3 | R1 249.3 | R2 258.0 | R3 264.0 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.74 USD
Yield on today's price
0.72%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 17 Sep 2026 | 0.4400 |
| 11 Jun 2026 | 0.4400 |
| 9 Apr 2026 | 0.4400 |
| 18 Dec 2025 | 0.4160 |
| 17 Sep 2025 | 0.4160 |
| 18 Jun 2025 | 0.4160 |
| 10 Apr 2025 | 0.4160 |
| 18 Dec 2024 | 0.4000 |
| 18 Sep 2024 | 0.4000 |
| 9 Jul 2024 | 0.4000 |
| 13 Mar 2024 | 0.4000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
CRM SEC filings
17 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure
4 Sep 2026
8-KSEC EDGAR
Director or officer change
27 Aug 2026
10-QSEC EDGAR
Quarterly report
26 Aug 2026
8-KSEC EDGAR
Results of operations
5 Aug 2026
8-KSEC EDGAR
Director or officer change
2 Jun 2026
8-KSEC EDGAR
Director or officer change
1 Jun 2026
8-KSEC EDGAR
Director or officer change
28 May 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.