How Does Salesforce Stock Stack Up Against Its Peers?
Salesforce‘s stock has faced a notable decline over the past year, lagging behind some major tech peers. While demonstrating robust free cash flow generation and a moderate valuation compared to its industry, its revenue growth and operating margins trail several rapidly scaling cloud and enterprise software rivals.
- CRM’s 21.5% operating margin, while solid, trails MSFT’s 46.7%, indicating less mature offerings or higher growth investments.
- CRM’s 9.6% revenue growth lags peers, suggesting saturation in its core market or stronger competition from diversified software giants.
- CRM’s 30.6% stock drop and 25.3 PE reflect investor concerns over future growth against MSFT and ORCL’s stronger performance.
Here’s how Salesforce stacks up across size, valuation, and profitability versus key peers.
| CRM | MSFT | ORCL | ADBE | NOW | HUBS | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 188.3 | 3,051.8 | 443.3 | 117.5 | 125.1 | 15.3 |
| Revenue ($ Bil) | 41.5 | 305.5 | 61.0 | 23.8 | 13.3 | 3.1 |
| PE Ratio | 25.3 | 25.6 | 28.7 | 16.5 | 71.6 | 333.0 |
| LTM Revenue Growth | 9.6% | 16.7% | 11.1% | 10.5% | 20.9% | 19.2% |
| LTM Operating Margin | 21.5% | 46.7% | 31.9% | 36.6% | 13.7% | 0.4% |
| LTM FCF Margin | 34.7% | 25.3% | -21.6% | 41.4% | 34.1% | 18.4% |
| 12M Market Return | -30.6% | 3.2% | -3.2% | -37.6% | -34.3% | -58.3% |
For more details on Salesforce, read Buy or Sell CRM Stock. Below we compare CRM’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2026 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|---|
| CRM | 9.6% | 9.6% | 8.7% | 11.2% | |
| MSFT | 16.7% | – | 14.9% | 15.7% | 6.9% |
| ORCL | 11.1% | – | 8.4% | 6.0% | 17.7% |
| ADBE | 10.5% | – | 10.5% | 10.8% | 10.2% |
| NOW | 20.9% | – | 20.9% | 22.4% | 23.8% |
| HUBS | 19.2% | – | 19.2% | 21.1% | 25.4% |
Operating Margin Comparison
| LTM | 2026 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|---|
| CRM | 21.5% | 21.5% | 20.2% | 17.2% | |
| MSFT | 46.7% | – | 45.6% | 44.6% | 41.8% |
| ORCL | 31.9% | – | 31.5% | 30.3% | 27.6% |
| ADBE | 36.6% | – | 36.6% | 36.0% | 34.3% |
| NOW | 13.7% | – | 13.7% | 12.4% | 8.5% |
| HUBS | 0.4% | – | 0.4% | -2.4% | -4.8% |
PE Ratio Comparison
| LTM | 2026 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|---|
| CRM | 25.3 | 33.7 | 51.9 | 62.0 | |
| MSFT | 25.6 | – | 35.3 | 35.5 | 38.7 |
| ORCL | 28.7 | – | 43.7 | 43.7 | 33.4 |
| ADBE | 16.5 | – | 20.9 | 35.8 | 50.2 |
| NOW | 71.6 | – | 90.9 | 153.1 | 83.3 |
| HUBS | 333.0 | – | 458.5 | 7705.1 | -176.0 |
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