Salesforce, Inc.

CRMUS

Salesforce, Inc. is a leading provider of customer relationship management (CRM) solutions, dedicated to connecting businesses and their clientele on a global scale. At its core, the Customer 360 platform empowers organizations to create seamless, integrated experiences for their customers. The company's extensive suite of services encompasses a wide array of functionalities: Sales: Tools designed to manage sales pipelines, track leads, forecast opportunities, extract data-driven insights through analytics, and streamline the creation of quotes, contracts, and invoices. Service: Capabilities enabling companies to deliver highly personalized, trustworthy, and scalable customer support. Platform: A versatile development environment, featuring intuitive drag-and-drop tools, that allows businesses of diverse sizes, locations, and industries to build tailored applications, thereby strengthening customer relationships. Learning: An online educational platform providing accessible training to acquire sought-after Salesforce skills. Slack: A comprehensive system for team collaboration and engagement. Marketing: Solutions for strategizing, personalizing, and optimizing individual customer marketing journeys. Commerce: Offerings that unify customer interactions across various channels, including mobile, web, social media, and physical retail stores. Tableau: A complete analytics solution addressing a broad spectrum of enterprise data analysis needs. MuleSoft: An integration platform designed to unlock and connect data residing across an organization's various systems. Salesforce's offerings cater to numerous sectors, such as financial services, healthcare, life sciences, and manufacturing, among others. Beyond its core products, the company also provides professional services and conducts both in-person and online courses to certify customers and partners in the architecture, administration, deployment, and development of its services. Its solutions are distributed through direct sales channels, as well as a network of consulting firms, systems integrators, and other strategic partners. Established in 1999, Salesforce, Inc. maintains its headquarters in San Francisco, California.

Founded1999IPO year2004As of2026-08-04
Market Cap
$155.81B
Enterprise Value
$185.86B
EV / LTM Revenue
4.5x
EV / NTM Revenue
3.8x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
3.8x
Gross Profit
5.0x
EBITDA
8.3x
Classification
Sector
Application Software
Sub-sector
Customer & Revenue Applications
Listing
CRM
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY18%11%9%10%10%9%
Revenue$26.49B$31.35B$34.86B$37.90B$41.52B$45.70B$50.04B
Gross Profit$19.47B$22.99B$26.32B$29.25B$32.26B
Gross Profit Margin73.5%73.3%75.5%77.2%77.7%
EBITDA$4.77B$5.82B$9.96B$11.14B$12.72B$21.24B$23.26B
EBITDA Margin18.0%18.6%28.6%29.4%30.6%46.5%46.5%
EBIT$548M$1.03B$5.01B$7.21B$8.91B$18.93B$20.73B
Net Income$1.44B$208M$4.14B$6.20B$7.46B$13.70B$14.91B
Free Cash Flow$5.28B$6.31B$9.50B$12.43B$14.40B
FCF Margin19.9%20.1%27.2%32.8%34.7%
Short-Term Debt$4M$1.18B$999M$0M$4.00B
Long-Term Debt$10.59B$9.42B$8.43B$8.43B$10.44B
Cash & Cash Equivalents$5.46B$7.02B$8.47B$8.85B$7.33B
Net Debt$5.13B$3.58B$954M($415M)$7.11B
Net Debt / EBITDA1.1x0.6x0.1x-0.0x0.6x
Rule of 4038.5%38.4%41.5%44.3%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.