Salesforce, Inc. — CRM

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$247.62$235.73B36.022.217.7%12.4%$1.66
68.0%
3.9

Revenue & Net Income

Revenue & Net Income
  Date Revenue Net Income EPS Revenue Change Net Income Change EPS Change
0 2021-01-31 $21.3B $4.1B $4.48 N/A N/A N/A
1 2022-01-31 $26.5B $1.4B $1.51 24.7% -64.5% -66.3%
2 2023-01-31 $31.4B $208.0M $0.21 18.3% -85.6% -86.1%
3 2024-01-31 $34.9B $4.1B $4.25 11.2% 1888.5% 1923.8%
4 2025-01-31 $37.9B $6.2B $6.44 8.7% 49.8% 51.5%
5 TTM 2025-04-30 $28.8B $4.7B $6.34 -24.1% -24.7% -1.6%
6 Average 7.8% 352.7% 364.3%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

CRM Year-over-Year Growth

  2020 2021 2022 2023 2024 2025 2026 2027 Average
Revenue Growth (%) inf% 24.7% 18.3% 11.2% 8.7% 8.7% 9.1% inf%
Revenue Analysts (#) 0 0 0 0 0 0 13 13
EPS Growth (%) inf% -64.5% -85.6% 1888.5% 49.8% 73.6% 11.8% inf%
EPS Analysts (#) 0 0 0 0 0 0 14 14

Expenses

Revenue vs Expenses Expenses % of Revenue
Year Revenue ($) Cost of Revenue ($) R&D ($) Sales & Marketing ($) G&A ($) SG&A ($) Facilities / D&A ($) Personnel ($)
2022 $26.5B $3.7B $4.5B $11.9B $2.6B $14.5B $3.3B $1.1B
2023 $31.4B $12.9B $5.1B $13.5B $2.6B $16.1B $3.8B $1.3B
2024 $34.9B $13.1B $4.9B $12.9B $2.5B $15.4B $4.0B $1.1B
2025 $37.9B $13.8B $5.5B $13.3B $2.8B $16.1B $3.5B $0.0
Year Revenue Change (%) Cost of Revenue Change (%) R&D Change (%) Sales & Marketing Change (%) G&A Change (%) SG&A Change (%) Facilities / D&A Change (%) Personnel Change (%)
2023 18.35 246.94 13.21 14.10 -1.73 11.25 14.80 13.77
2024 11.18 1.46 -2.95 -4.80 -0.74 -4.15 4.57 -15.45
2025 8.72 5.23 11.96 2.95 11.92 4.43 -12.17 -100.00
No unmapped expenses.

Segment Performance

SEGMENTS v2025-09-09 · 2025-09-05 14:58 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
Segment 2023 Rev ($B) 2023 OI ($B) 2024 Rev ($B) 2024 OI ($B) 2025 Rev ($B) 2025 OI ($B) TTM Rev ($B) TTM OI ($B) % of Total (TTM)
Subscriptionand Support 58.0B 0.00B 65.1B 0.00B 71.4B 0.00B 76.5B 0.00B 65.4%
Service Cloud 7.37B 0.00B 8.24B 0.00B 9.05B 0.00B 9.61B 0.00B 8.2%
Sales Cloud 6.83B 0.00B 7.58B 0.00B 8.32B 0.00B 8.85B 0.00B 7.6%
Salesforce Platformand Other 5.97B 0.00B 6.61B 0.00B 7.25B 0.00B 8.09B 0.00B 6.9%
Integration And Analytics 4.34B 0.00B 5.19B 0.00B 5.78B 0.00B 6.26B 0.00B 5.4%
Marketingand Commerce Cloud 4.52B 0.00B 4.91B 0.00B 5.28B 0.00B 5.44B 0.00B 4.7%
Professional Servicesand Other 2.33B 0.00B 2.32B 0.00B 2.22B 0.00B 2.17B 0.00B 1.9%

No segment data available for CRM (axis 2).

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $98,610M
1 Cash $10,928M
2 Total Liabilities $37,944M
3 Total Debt $11,369M
4 Total Equity $60,666M
5 Debt to Equity Ratio 0.19

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$260.63 4.4% Nicks Growth: 8%
Nick's Expected Margin: 11%
FINVIZ Growth: 13%
Nicks: 14
Finviz: 22
Nick's: 1.571 6.5 40.8
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$6.34 EPS TTM $90.52 -65.3% $139.37 -46.5%
$11.30 EPS 2026 $161.33 -38.1% $248.40 -4.7%
$12.56 EPS 2027 $179.32 -31.2% $276.10 5.9%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 19.21% 13.01% 19.38% 13.17% 0.58% 0.54% 18.25% 12.34% 8.6% 15.5%
3 Years 19.21% 13.01% 19.38% 13.17% 0.58% 0.54% 18.25% 12.34% 8.6% 15.5%
5 Years 19.21% 13.01% 19.38% 13.17% 0.58% 0.54% 18.25% 12.34% 8.6% 15.5%
10 Years 19.21% 13.01% 19.38% 13.17% 0.58% 0.54% 18.25% 12.34% 8.6% 15.5%

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