Aureus
AExcellent

Salesforce, Inc.(CRM)

A

Financial data as of Jan 31, 2026Improving · Technology

FCF Margin26.2%Free Cash Flow / Revenue
Cash Conversion201.1%Operating CF / Net Income
Free Cash Flow$14.4B
Revenue$41.5B
Net Cash-$9.8BNet debt position
Debt / FCF1.6xManageable debt load
Current Ratio0.76Tight short-term liquidity
YoY FCF Growth+40.7%4 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (26.2%, 1.6x)
→
-0.5Current ratio below 1.0 (0.76) (reduced — strong FCF covers short-term obligations)
→
+1Strong YoY FCF growth (40.7% YoY)
→
+1Very low debt-to-FCF ratio (1.6x)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (26.2%)
  • Excellent cash conversion (201%)
  • Very low debt relative to cash flow (1.6x)
  • Strong YoY FCF growth (+40.7%)

Concerns

  • Net debt position ($9.8B) — 1.6x FCF, manageable
  • Current ratio below 1.0 — tight short-term liquidity
SBC-adjusted FCF used — $3.5B stock-based compensation (24% of reported FCF) subtracted

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin26.2%
Net Margin18.0%
Operating CF Margin36.1%
CapEx Ratio1.4%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$9.8BNet debt position
Debt / FCF1.6xManageable debt load
Current Ratio0.76Tight liquidity
Debt / Equity0.29Low leverage

Quarterly FCF Trend

+40.7% YoYImproving (+40.7%)

Free cash flow per quarter

Sector Comparison — Technology

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameSalesforce, Inc.
SectorTechnology
Free Cash Flow$14.4B
Revenue$41.5B
Net Income$7.5B
Operating Cash Flow$15.0B
Capital Expenditure$594.0M
FCF Margin26.2%
Cash Conversion Rate201.1%
Net Margin18.0%
Total Debt$17.2B
Total Cash$7.3B
Net Cash-$9.8B
Current Ratio0.76
Debt / Equity0.29
Debt / FCF1.6x
YoY FCF Growth+40.7%
Positive Quarters4 of 5
Trend DirectionImproving
Report DateJan 31, 2026
GradeA
Data SourceYahoo Finance

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