Salesforce (CRM) valuation

Run six valuation models on Salesforce with live data: DCF, Reverse DCF, Graham number, Monte Carlo, scenarios and sum-of-the-parts (NAV).

CRM
CRM

Salesforce

CRM · Technology

Current price

192,58 USD

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Valuation

Market cap
PE (TTM | NTM | +1y)
22.32 | 12.41 | 12.41
Price / Sales
EV / EBITDA
14.92
Price / Book
4.61

Cash flow

FCF yield
SBC-adjusted FCF yield
SBC impact

Margins & growth

Profit margin
+18.73%
Operating margin
+21.8%
Quarterly earnings (YoY)
Quarterly revenue (YoY)

Balance

Cash
$11.84B
Debt
$42.55B
Net position
-$30.71B

Dividend

Dividend yield
+0.89%
Payout ratio
+19.56%
Next payout
7/2/2026

Price (1 year)

-20.57%
$266.08

Revenue

estimate
Q3 23: $8.6BQ3 23Q4 23: $8.72BQ1 24: $9.29BQ1 24Q2 24: $9.13BQ3 24: $9.33BQ3 24Q2 25: $9.83BQ3 25: $10.24BQ3 25Q4 25: $10.26BQ1 26: $11.2BQ2 26: $11.13BQ2 26Q3 26 · estimate: $11.31BQ3 26$11.31B

EBITDA

Q2 25: $2.89BQ2 25Q3 25: $3.15BQ3 25Q4 25: $3.3BQ4 25Q1 26: $3.28BQ1 26Q2 26: $4.02BQ2 26$4.02B

Net income

Q3 23: $1.27BQ3 23Q4 23: $1.22BQ1 24: $1.45BQ1 24Q2 24: $1.53BQ3 24: $1.43BQ3 24Q2 25: $1.54BQ3 25: $1.89BQ3 25Q4 25: $2.09BQ1 26: $1.94BQ2 26: $2.11BQ2 26$2.11B

Free cash flow

Q3 23: $628MQ3 23Q4 23: $1.37BQ1 24: $3.26BQ1 24Q2 24: $6.08BQ3 24: $755MQ3 24Q2 25: $6.3BQ3 25: $605MQ3 25Q4 25: $2.18BQ1 26: $5.32BQ2 26: $6.56BQ2 26$6.56B

EPS

estimate
Q3 23: 1.28Q3 23Q4 23: 1.25Q1 24: 1.47Q1 24Q2 24: 1.56Q3 24: 1.47Q3 24Q2 25: 1.59Q3 25: 1.96Q3 25Q4 25: 2.19Q1 26: 2.07Q2 26: 2.42Q2 26Q3 26 · estimate: 3.27Q3 263.27

Cash & debt

CashDebt
Q3 23 · Cash: $6.77BQ3 23Q4 23 · Cash: $6.45BQ1 24 · Cash: $8.47BQ1 24Q2 24 · Cash: $9.96BQ3 24 · Cash: $7.68BQ3 24Q2 25 · Cash: $10.93BQ2 25 · Debt: $11.37BQ3 25 · Cash: $10.37BQ3 25 · Debt: $11.24BQ3 25Q4 25 · Cash: $8.98BQ4 25 · Debt: $11.14BQ1 26 · Cash: $7.33BQ1 26 · Debt: $17.18BQ2 26 · Cash: $8.94BQ2 26 · Debt: $41.88BQ2 26$41.88B

Return of capital

DividendsBuybacks
Q3 23 · Dividends: $0Q3 23 · Buybacks: $1.95BQ3 23Q4 23 · Dividends: $0Q4 23 · Buybacks: $1.93BQ1 24 · Dividends: $0Q1 24 · Buybacks: $1.69BQ1 24Q2 24 · Dividends: $388MQ2 24 · Buybacks: $2.13BQ3 24 · Dividends: $384MQ3 24 · Buybacks: $4.34BQ3 24Q2 25 · Dividends: $402MQ2 25 · Buybacks: $2.63BQ3 25 · Dividends: $399MQ3 25 · Buybacks: $2.23BQ3 25Q4 25 · Dividends: $395MQ4 25 · Buybacks: $3.8BQ1 26 · Dividends: $391MQ1 26 · Buybacks: $3.94BQ2 26 · Dividends: $365MQ2 26 · Buybacks: $27.25BQ2 26$27.61B

Shares outstanding

Q3 23: 973MQ3 23Q4 23: 968MQ1 24: 971MQ1 24: 970MQ1 24Q2 24: 969MQ3 24: 956MQ4 24: 957MQ4 24Q1 25: 961MQ2 25: 958MQ2 25: 956MQ2 25Q3 25: 955MQ3 25: 952MQ4 25: 942MQ4 25Q4 25: 937MQ1 26: 929MQ1 26: 923MQ1 26Q2 26: 819MQ2 26: 819MQ2 26973M

Stock-based compensation

Q3 23: $724MQ3 23Q4 23: $693MQ1 24: $674MQ1 24Q2 24: $750MQ3 24: $810MQ3 24Q2 25: $814MQ3 25: $793MQ3 25Q4 25: $819MQ1 26: $1.08BQ2 26: $857MQ2 26$1.08B

Operating expenses

R&DSG&A
Q3 23 · R&D: $1.22BQ3 23 · SG&A: $632MQ3 23Q4 23 · R&D: $1.2BQ4 23 · SG&A: $632MQ1 24 · R&D: $1.28BQ1 24 · SG&A: $632MQ1 24Q2 24 · R&D: $1.37BQ2 24 · SG&A: $647MQ3 24 · R&D: $1.35BQ3 24 · SG&A: $711MQ3 24Q2 25 · R&D: $1.46BQ2 25 · SG&A: $3.89BQ3 25 · R&D: $1.48BQ3 25 · SG&A: $4.18BQ3 25Q4 25 · R&D: $1.43BQ4 25 · SG&A: $4.12BQ1 26 · R&D: $1.62BQ1 26 · SG&A: $3.92BQ2 26 · R&D: $1.63BQ2 26 · SG&A: $4.19BQ2 26$5.82B

Source: Yahoo Finance. Quarterly history grows automatically over time as new quarters are published.

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