Reading the tape
NYSE: CRM
Salesforce, Inc.
Technology · Software - Application
Market Cap
$174.63B
52w High
$296.05
52w Low
$163.52
P/E
23.05
Volume
12.32M
Outstanding Shares
949.99M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -31.75%Revenue (TTM): 9.58%FCF (TTM): 15.83%P/FCF: 0th pct
What changed
The stock fell 31.75% over the last year. Revenue grew 9.58% over the trailing twelve months. Operating margin moved from 19.01% to 21.46%. Free cash flow grew 15.83% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 21.46%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
Salesforce, Inc. provides customer relationship management technology that brings companies and customers together worldwide.
CEOMarc R. Benioff
SectorTechnology
IndustrySoftware - Application
Employees76,453
IPO dateJun 23, 2004
Valuation
Forward P/E—
EV/EBITDA16.08
Enterprise value$211.52B
Stock splits
Apr 18, 2013↑ Forward
Every 1 shares became 4
Profitability & growth
Revenue growth12.09%
Gross margin77.68%▲0.63%vs FY2025
Operating margin21.46%▲12.94%vs FY2025
ROE12.61%▲24.46%vs FY2025
Analyst consensus
RatingBuy
Target price$287.00▲56.13%
74
Buy
21
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 27, 2026
Q2 FY26 · EPS est $3.12 · Revenue est $11.06B
View
Dividends
$1.69/shareQuarterlySafeCRM pays a dividend with a 0.92% dividend yield, covered 9.1× by free cash flow.
Dividend Yield
0.92%
Annual Div / Share
$1.69
CAGR
—
Payout Ratio
21.28%
Safe
Dividend Growth Rate
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$1.69+4.5%
2024$1.62—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$9/yr
$1/mo
In 5 yrs
$9/yr
$1/mo
In 10 yrs
$9/yr
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$9/yr $1/mo | $9/yr $1/mo | $9/yr $1/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 9.1× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in CRM
STOCK Act disclosures from senators and representatives.
Ro Khanna
CAhouseDemocratPurchase2026-03-30$15,001 - $50,000+10d to disclose
Julia Letlow
LAhouseRepublicanSale2026-02-02$1,001 - $15,000+39d to disclose
Markwayne Mullin
OKsenatePurchaseJoint2025-12-29$15,001 - $50,000+17d to disclose