TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

CRM stock analysis: Salesforce

Salesforce (CRM) is an S&P 500 company in Application Software.

The model's view of CRM · subscribers

Where CRM ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with CRM · updated 2026-10-05 · from prices and SEC filings

CRM price performance

CRM against the S&P 500, one year
-40%-20%+0%+20%S&P 500 +18%CRM -5%2025-09-292026-10-05
Year to date-12.7%S&P 500 +14.5% · behind by 27.2 pts
1 year-3.6%S&P 500 +17.0% · behind by 20.6 pts
3 years+16.0%S&P 500 +89.3% · behind by 73.3 pts
5 years-13.8%S&P 500 +91.3% · behind by 105.1 pts

Total returns with dividends reinvested.

CRM factor grades

Each grade compares CRM with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B+ValueP/E 20.9x (industry 25.5x)FCF yield 8.0% (industry 5.6%)
C+GrowthRevenue growth +11% (industry +14%)EPS growth +59% (industry +35%)
C+ProfitabilityOperating margin 19.9% (industry 26.2%)ROIC 9.8% (industry 19.7%)
B-Momentum12-month change -4%From 52-wk high -13%

CRM in plain numbers

CRM key statistics

SectorInformation Technology
IndustryApplication Software
IndexS&P 500
Market value$189.1B
Revenue growth (y/y)+11%
Free-cash-flow yield8.0%
Dividend yield0.8%
Next earnings (expected)2026-12-02
Valuation measures
Market value$189.1B
Enterprise value$220.1B
P/E (trailing)20.9x
Forward P/E (Torvanta estimate)16.4x
PEG (Torvanta estimate)0.59
Price / sales4.3x
Price / book4.9x
EV / revenue5.0x
EV / EBITDA21.5x
Financial highlights
Revenue, last 12 months$43.9B
Net income, last 12 months$9.7B
EPS, last 12 months (GAAP)$10.97
Gross margin77.3%
Operating margin19.9%
Net margin22.0%
Return on equity19.4%
Return on invested capital9.8%
Cash$8.3B
Total debt$39.3B
Debt / equity1.02x
Free cash flow, last 12 months$15.2B
Interest cover8.9x
Current ratio0.84x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

CRM earnings trends

Revenue vs earnings
$0$2.8B$5.7B$8.5B$11.3BOct 2024 Revenue: $9.4BJan 2025 Revenue: $10.0BApr 2025 Revenue: $9.8BJul 2025 Revenue: $10.2BOct 2025 Revenue: $10.3BJan 2026 Revenue: $11.2BApr 2026 Revenue: $11.1BJul 2026 Revenue: $11.3BOct 2024 Net income: $1.5BJan 2025 Net income: $1.7BApr 2025 Net income: $1.5BJul 2025 Net income: $1.9BOct 2025 Net income: $2.1BJan 2026 Net income: $1.9BApr 2026 Net income: $2.1BJul 2026 Net income: $3.5BOct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026Net margin: 16.2%Net margin: 17.1%Net margin: 15.7%Net margin: 18.4%Net margin: 20.3%Net margin: 17.3%Net margin: 18.9%Net margin: 31.1%0%16%31%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$1.1$2.2$3.2$4.3Oct 2024 EPS (GAAP, diluted): $1.6Jan 2025 EPS (GAAP, diluted): $1.8Apr 2025 EPS (GAAP, diluted): $1.6Jul 2025 EPS (GAAP, diluted): $2.0Oct 2025 EPS (GAAP, diluted): $2.2Jan 2026 EPS (GAAP, diluted): $2.1Apr 2026 EPS (GAAP, diluted): $2.4Jul 2026 EPS (GAAP, diluted): $4.3Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026■ EPS (GAAP, diluted) Change from a year earlier: Oct 2025 +39% · Jan 2026 +18% · Apr 2026 +52% · Jul 2026 +119%

From the company's 10-Q and 10-K filings with the SEC.

Salesforce financials (from SEC filings)

Fiscal yearFY2022FY2023FY2024FY2025FY2026
Revenue$26.5B$31.4B$34.9B$37.9B$41.5B
Net income$1.4B$208.0M$4.1B$6.2B$7.5B
EPS (GAAP)$1.48$0.21$4.20$6.37$7.81
Free cash flow$5.3B$6.3B$9.5B$12.4B$14.4B

CRM earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-26$4.29+119%+11%+21.9%
2026-05-27$2.42+52%+13%-2.1%
2026-02-25$2.07+18%+12%+7.3%
2025-12-03$2.19+39%+9%+5.0%
2025-09-03$1.96+33%+10%-4.9%
2025-05-28$1.59+2%+8%-3.5%

About Salesforce

HeadquartersSan Francisco, CA
Industry (SEC code)Services-Prepackaged Software
Fiscal year endsJanuary 31
Incorporated inDE
Listed onNYSE
FormerlySALESFORCE.COM, INC., SALESFORCE COM INC

From the company's SEC registration record.

Companies similar to CRM

CompanyMarket valueP/ERevenue growthOperating margin12-month change
CRM Salesforce$189.1B20.9x+11%19.9%-4%
DDOG Datadog$102.6Bn/a+32%0.4%+82%compare
CDNS Cadence Design$97.5B82.4x+13%28.3%+2%compare
ADBE Adobe$94.9B13.7x+11%36.1%-31%compare
SNPS Synopsys$93.6B85.4x+46%8.5%+4%
ORCL Oracle$430.8B22.3x+22%32.1%-50%
INTU Intuit$76.1B17.2x+14%27.4%-58%

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Frequently asked questions

Is CRM stock a buy?

Torvanta does not tell individuals what to buy. Its grades for CRM are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is CRM's P/E ratio?

CRM trades at about 20.9 times its last 12 months of GAAP earnings reported to the SEC, and about 16.4 times Torvanta's own estimate of the next 12 months.

When does CRM report earnings next?

Based on its filing history, Torvanta expects Salesforce to report around 2026-12-02.

Does CRM pay a dividend?

Yes. Its dividend yield is about 0.8%, and it has raised its dividend 1 years in a row.

How has CRM performed against the S&P 500?

Over the past year CRM returned -3.6%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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