Where Does Salesforce Stock Rank Among Competitors?
Salesforce‘s (CRM) stock has underperformed over the past year, but how does it truly stack up against peers rapidly scaling in cloud and AI? A closer look reveals solid free cash flow and a moderate valuation. However, its growth trails most peers, and operating margins are lower than hyperscale leaders, suggesting limited upside as intense AI competition with tech giants continues to shape the enterprise software landscape.
- CRM’s 22.0% operating margin, high yet below MSFT’s 46.7%, suggests less platform leverage versus MSFT’s diversified cloud dominance.
- CRM’s 8.4% revenue growth trails peers, signaling market saturation or intense competition, especially with slower AI monetization affecting core CRM.
- CRM stock’s 42.5% drop and 24.7 PE reflect investor concern over future AI growth and competitive pressures in enterprise software.
Here’s how Salesforce stacks up across size, valuation, and profitability versus key peers.
| CRM | MSFT | ORCL | ADBE | NOW | HUBS | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 178.0 | 2,969.4 | 447.3 | 109.7 | 112.0 | 13.1 |
| Revenue ($ Bil) | 40.3 | 305.5 | 61.0 | 23.8 | 13.3 | 3.1 |
| PE Ratio | 24.7 | 24.9 | 29.0 | 15.4 | 64.1 | 285.8 |
| LTM Revenue Growth | 8.4% | 16.7% | 11.1% | 10.5% | 20.9% | 19.2% |
| LTM Operating Margin | 22.0% | 46.7% | 31.9% | 36.6% | 13.7% | 0.4% |
| LTM FCF Margin | 32.0% | 25.3% | -21.6% | 41.4% | 34.1% | 18.4% |
| 12M Market Return | -42.5% | -1.7% | -12.3% | -43.3% | -46.0% | -68.9% |
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 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| CRM | 8.4% | 8.7% | 11.2% | 18.3% |
| 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 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| CRM | 22.0% | 20.2% | 17.2% | 5.9% |
| 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 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| CRM | 24.7 | 41.1 | 78.7 | 1255.0 |
| MSFT | 24.9 | 35.3 | 35.5 | 38.7 |
| ORCL | 29.0 | 43.7 | 43.7 | 33.4 |
| ADBE | 15.4 | 20.9 | 35.8 | 50.2 |
| NOW | 64.1 | 90.9 | 153.1 | 83.3 |
| HUBS | 285.8 | 458.5 | 7705.1 | -176.0 |
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