← BackSalesforce, Inc. · SoftwareCRM
The short versionA high-quality, profitable business with growing sales. Institutions are trimming.
Going well
- Sales up 11% in the latest quarter vs a year ago
- Profitable every year for 10 years
- Brings in more cash than it spends
Money moves
- No insider buying or selling in the last 30 days
- Institutions cut 3.6% from their holdings in the quarter ending June 2026 (963 bought, 1603 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$247.57-0.4% that day
- Company value
- $203.8B
- Share price times all shares
- Price vs profit (P/E)
- 22.6x
- You pay about $23 for each $1 of yearly profit
- Price vs sales
- 4.6x
- Company value is 4.6 times a year of sales
- Cash vs value
- 4%
- Cash as a share of company value
- Debt vs value
- 7%
- Debt as a share of company value
From CRM's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jul '26$11.3B+11% vs a year earlier
Oct '23Tap a barJul '26
Last 12 months: $43.9B, up 11% from the 12 months before. Over 5 years, sales grew about 14% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.4%
- PassDebt under half of equityNot relying on borrowed money.0.24x equity
- PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.18.0%
- PassProfitable every yearSteady profits, not one good year.10 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$14.4B
- PassShare count not growingNot diluting owners. Falling means buybacks.-4.1% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.77.7%
- Revenue
- $41.5B
- +9.6% vs prior year
- 5-year growth
- +14.3%/yr
- revenue, per year
- Total debt
- $14.4B
- 0.24x equity
- Current ratio
- 0.76x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jul 31, 2026- Revenue
- $11.3B
- +10.8% YoY
- EPS
- $4.29
- vs $1.96
- Op. margin
- 20.5%
- -2.3 pts
- Gross margin
- 76.7%
- -1.4 pts
- Free cash flow
- $1.1B
- Share count
- -14.7%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
29/ 100
- This week
- 1
- Normal week
- 2.5
- vs normal
- 0.4x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-3.6%Institutions cut 3.6% from their holdings. 963 bought, 1603 sold. 2 quarters of net selling in a row.
Shares held by institutions708.8M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-5.5%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
1.0x · $39.3B debtShares outstandingLatest reported
823MNext reportAround Dec 2 (est.)Estimated from the same quarter last year
- Results filedAug 26
- Results filedMay 27
- Results filedFeb 25
- Results filedDec 3, 2025
- Results filedSep 3, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Option exerciseParker HarrisCo-Founder, Director
1,785 shares
- +1% of holdings
- Now owns 166,353 shares
- Filed 1 day after trade
- Also: Shares withheld for taxes
Option exerciseMiguel MilanoPresident and COO
2,541 shares
- +8% of holdings
- Now owns 34,360 shares
- 2 transactions
- Filed 1 day after trade
- Also: Shares withheld for taxes
Option exerciseSabastian NilesPresident and CLO
2,032 shares
- +12% of holdings
- Now owns 19,634 shares
- 2 transactions
- Filed 1 day after trade
- Also: Shares withheld for taxes
Option exerciseRobin L WashingtonPresident and COFO, Director
1,831 shares
- +4% of holdings
- Now owns 50,658 shares
- Filed 1 day after trade
- Also: Shares withheld for taxes
Option exerciseParker HarrisCo-Founder, Director
2,541 shares
- +2% of holdings
- Now owns 165,199 shares
- 2 transactions
- Filed 1 day after trade
- Also: Shares withheld for taxes
BoughtDavid Blair KirkDirector
4,176 shares at $239.33 · $999K
- +29% of holdings
- Now owns 18,748 shares
- Filed 3 days after trade