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Salesforce CRM Free cash flow margin

Free cash flow margin at other companies

Microsoft logo
MicrosoftMSFT
22.9%-2.8pp
Adobe logo
AdobeADBE
40.8%-1.0pp
Fair Isaac logo
Fair IsaacFICO
39.9%+1.8pp
PTC logo
PTCPTC
31%-4.0pp
Oracle logo
OracleORCL
-38.6%-49.0pp
Shopify logo
ShopifySHOP
17.1%-1.3pp

Other financials

Income statement

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Revenue$11.1B+13.3%
Gross profit$8.6B+13.2%
Operating income$2.3B+20.8%
Net income$2.1B+36.7%
EPS (diluted)$2.42+52.2%

Balance sheet

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Cash & equivalents$8.9B-18.2%
Total debt$42.5B+254%
Total equity$34.2B-43.6%
Total assets$106.68B+8.2%

Cash flow

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Operating cash flow$6.7B+3.5%
CapEx$145.0M-19.0%
Free cash flow$6.6B+4.1%

Valuation

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Market cap$124.31B-43.1%
Enterprise value$157.92B-30.2%
P/E15.5×-19.7×
P/S2.9×-2.8×

Profitability

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Gross margin77.6%+0.3pp
Operating margin20.4%+1.1pp
Net margin18.7%+2.7pp

Returns & leverage

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Return on equity16.9%+6.6pp
Debt / equity1.2×+1.0×
Current ratio0.8×-0.3×

Where this comes from

Calculated from Salesforce’s reported figures.

Based on trailing twelve months.

The official record: Salesforce’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Salesforce's free cash flow margin?
Salesforce (CRM) reported free cash flow margin of 34.2% in Q1 2026.
How has Salesforce's free cash flow margin changed year-over-year?
Salesforce's free cash flow margin increased by 4.5% year-over-year, from 32.8% to 34.2%.
What is the long-term trend for Salesforce's free cash flow margin?
Over 4 years (2022 to 2026), Salesforce's free cash flow margin has grown at a 9.8% compound annual growth rate (CAGR), from 90.3% to 131.1%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.