Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Salesforce

CRM stock analysis · Information Technology · Application Software

FY 2026-01-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$156.66HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$128.3B

Price × SEC outstanding shares. Shares measured 2026-05-21. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$267.09

Equity cash-flow scenario · SEC outstanding shares at 2026-05-21 · 70.5% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

-7.3%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

130.0%

13 industry peers · median 39.6×

How this is calculated ↗
Valuation

Historical multiples

77.4×

7 annual observations · snapshot P/E 17.2× · -77.8% versus history

How this is calculated ↗
Valuation

Free cash flow yield

11.2%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

10.4%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

89/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

9.1%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

10.2%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-7.0%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

4.1%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 15B2021-01-31: cfo $4,801,000,000.002021-01-31: capex $710,000,000.0020212022-01-31: cfo $6,000,000,000.002022-01-31: capex $717,000,000.0020222023-01-31: cfo $7,111,000,000.002023-01-31: capex $798,000,000.0020232024-01-31: cfo $10,234,000,000.002024-01-31: capex $736,000,000.0020242025-01-31: cfo $13,092,000,000.002025-01-31: capex $658,000,000.0020252026-01-31: cfo $14,996,000,000.002026-01-31: capex $594,000,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$335.00$365.52$398.34
10.0%$245.49$267.09$290.28
12.0%$193.67$210.15$227.82

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-01-3141.5B7.5B15B594M112.3B
2025-01-3137.9B6.2B13.1B658M102.9B
2024-01-3134.9B4.1B10.2B736M99.8B
2023-01-3131.4B208M7.1B798M98.8B
2022-01-3126.5B1.4B6B717M95.2B
2021-01-3121.3B4.1B4.8B710M66.3B
2020-01-3117.1B126M4.3B643M55.1B
2019-01-3113.3B1.1B3.4B595M30.7B
2018-01-3110.5B360M2.7B534M22B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue41.5BRevenueFromContractWithCustomerExcludingAssessedTax2026-03-02
netIncome7.5BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-03-02
Parent/common earnings proxy7.5BNetIncomeLoss2026-03-02
cfo15BNetCashProvidedByUsedInOperatingActivities2026-03-02
capex594MPaymentsToAcquirePropertyPlantAndEquipment2026-03-02
operatingIncome8.3BOperatingIncomeLoss2026-03-02
assets112.3BAssets2026-03-02
equity59.1BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-03-02
Parent book equity proxy59.1BStockholdersEquity2026-03-02
debt14.4BLongTermDebt2026-03-02
shortDebtNot reported under a supported tag
cash7.3BCashAndCashEquivalentsAtCarryingValue2026-03-02
shares956MWeightedAverageNumberOfDilutedSharesOutstanding2026-03-02
dividends1.6BPaymentsOfDividends2026-03-02
buybacks12.6BPaymentsForRepurchaseOfCommonStock2026-03-02
issuance1BReviewed manual correction
Bounded FY2026-01-31 consolidated financing-statement extraction. Proceeds from employee stock plans: 1039000000 USD [us-gaap:ProceedsFromStockPlans]. All 7 financing lines reconcile exactly to reported financing cash flow -8079000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: issuance follows the separately reported common cash-inflow lines; it is not an independent verification of every gross equity transaction.
2026-03-02