Salesforce CRM Ratios & Valuation
| Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 77.6%+0.3pp | 77.7%+0.5pp | 77.7%+0.8pp | 77.6%+1.3pp | 77.3%+1.3pp | |
| Operating margin | 20.4%+1.1pp | 20.1%+1.0pp | 20.5%+1.7pp | 20.2%+2.1pp | 19.3%+1.6pp | |
| Net margin | 18.7%+2.7pp | 18%+1.6pp | 17.9%+2.0pp | 16.9%+1.4pp | 16.1%+0.8pp | |
| Returns | ||||||
| Return on equity | 16.9%+6.6pp | 12.4%+2.1pp | 12.2%+2.0pp | 11.2%+1.5pp | 10.3%+1.0pp | |
| Return on invested capital | 10.5%+0.8pp | 9.5%+0.2pp | 10.7%+1.7pp | 10.5%+2.0pp | 9.7%+1.3pp | |
| Efficiency | ||||||
| Asset turnover | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.8×-0.3× | 0.8×-0.3× | 1×-0.1× | 1.1×+0.1× | 1.1×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1.2×+1.0× | 0.4×+0.2× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Net debt / EBITDA | 2.7×+2.6× | 1.2×+0.9× | 0.2×-0.2× | 0.1×-0.3× | 0.1×-0.3× | |
| Per Share | ||||||
| Book value per share | $39.31-37.2% | $61.86-1.5% | $63.05+4.0% | $63.75+7.6% | $62.54+3.2% | |
| Valuation | ||||||
| Market capitalization | $144.41B-43.1% | $198.92B-39.2% | $247.91B-11.0% | $246.96B-1.5% | $253.97B-2.6% | |
| Price / earnings | 18×-22.9× | 26.7×-26.1× | 34.3×-12.6× | 37.1×-7.5× | 40.9×-6.8× | |
| Price / sales | 3.4×-3.2× | 4.8×-3.8× | 6.1×-1.3× | 6.3×-0.6× | 6.6×-0.7× | |
| Price / book | 4.2×0.0× | 3.4×-2.0× | 4.1×-0.6× | 4×-0.3× | 4.2×-0.2× | |
| EV / EBITDA | 14.2×-9.2× | 17.8×-13.1× | 21.5×-5.3× | 21.9×-3.1× | 23.4×-3.4× | |
| Dividend yield | 1.1%+0.5pp | 0.8%+0.3pp | 0.6%+0.2pp | 0.6%+0.3pp | 0.6%+0.5pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Salesforce's profit margins?
- Salesforce (CRM) runs a 77.6% gross margin and a 20.4% operating margin, with a 18.7% net margin.
- Where do Salesforce's ratios come from?
- Every ratio is computed from Salesforce's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
