Salesforce, Inc.

CRM

CIK 0001108524 · Quarterly mode · latest period FY2026 (Q4) (ending 2026-01-31) · sourced from SEC EDGAR

At a glance · FY2026 (Q4)

Revenue
$11.20B
↑+12.1% +$1.21Bvs FY2025 (Q4)
Operating Income
$1.87B
↑+2.7% +$49Mvs FY2025 (Q4)
Net Income
$1.06B
↓-37.8% -$646Mvs FY2025 (Q4)
Gross Profit
$8.69B
↑+11.8% +$917Mvs FY2025 (Q4)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Weak
44/100
  • Profitability
    21ROIC 9.1% (10% = solid, 20%+ = moat)
  • Liquidity
    13Current Ratio 0.76 (above 1.5 = solid)
  • Leverage
    88D/E 0.24 (under 0.5 = conservative)
  • Efficiency
    14Asset Turnover 0.39x (1.0+ = capital-efficient)
  • Growth
    57Revenue YoY +12.1% (10% = solid, 25%+ = elite)
  • Margin Trend
    69Op Margin 16.7% · trend +1.1pts (4Q avg vs prior 4Q)

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project CRM's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

25%

Trailing 3-yr CAGR was 31.6%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$502.48
Total enterprise IV
$480.37B
Diluted shares
0.96B
Terminal PV
$372.97B (78% of total)
Year-5 FCF
$43.95B
YearProjected FCFDiscounted PV
+1$18.00B$16.37B
+2$22.50B$18.60B
+3$28.13B$21.13B
+4$35.16B$24.02B
+5$43.95B$27.29B
Terminal$600.67B$372.97B

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Capex (TTM)
$594M
investment in PP&E
Dividends paid (TTM)
$1.59B
cash returned to holders
Stock buybacks (TTM)
$12.60B
share count reduction
Stock-based comp (TTM)
$3.51B
non-cash dilution

Balance sheet · 2026-01-31

latest filed snapshot
Total assets
$112.31B
everything owned
Total liabilities
$53.16B
everything owed
Stockholders' equity
$59.14B
shareholder claim
Net debt
$7.11B
LT debt minus cash

Recent performance · 71 quarters

Revenue↑+12.1% +$1.21B
$11.20B
Net Income↑+13.8% +$235M
$1.94B
Free Cash Flow↑+39.5% +$1.51B
$5.32B
Operating Margin↓-1.5pts
16.7%

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