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Side-by-side financial comparison of C3.ai, Inc. (AI) and Salesforce (CRM). Click either name above to swap in a different company.
Salesforce is the larger business by last-quarter revenue ($10.3B vs $75.1M, roughly 136.5× C3.ai, Inc.). Salesforce runs the higher net margin — 20.3% vs -139.3%, a 159.6% gap on every dollar of revenue. On growth, Salesforce posted the faster year-over-year revenue change (8.6% vs -20.3%). Salesforce produced more free cash flow last quarter ($2.2B vs $-46.9M). Over the past eight quarters, Salesforce's revenue compounded faster (5.1% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
Salesforce, Inc., is an American cloud-based software company headquartered in San Francisco, California. It provides applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, agentic AI, and application development.
AI vs CRM — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $10.3B |
| Net Profit | $-104.7M | $2.1B |
| Gross Margin | 40.4% | 78.0% |
| Operating Margin | -149.2% | 21.3% |
| Net Margin | -139.3% | 20.3% |
| Revenue YoY | -20.3% | 8.6% |
| Net Profit YoY | -58.7% | 36.6% |
| EPS (diluted) | $-0.75 | $2.19 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.1M | $10.3B | ||
| Q3 25 | $70.3M | $10.2B | ||
| Q2 25 | $108.7M | $9.8B | ||
| Q1 25 | $98.8M | $10.0B | ||
| Q4 24 | $94.3M | $9.4B | ||
| Q3 24 | $87.2M | $9.3B | ||
| Q2 24 | $86.6M | $9.1B | ||
| Q1 24 | $78.4M | $9.3B |
| Q4 25 | $-104.7M | $2.1B | ||
| Q3 25 | $-116.8M | $1.9B | ||
| Q2 25 | $-79.7M | $1.5B | ||
| Q1 25 | $-80.2M | $1.7B | ||
| Q4 24 | $-66.0M | $1.5B | ||
| Q3 24 | $-62.8M | $1.4B | ||
| Q2 24 | $-72.9M | $1.5B | ||
| Q1 24 | $-72.6M | $1.4B |
| Q4 25 | 40.4% | 78.0% | ||
| Q3 25 | 37.6% | 78.1% | ||
| Q2 25 | 62.1% | 77.0% | ||
| Q1 25 | 59.1% | 77.8% | ||
| Q4 24 | 61.3% | 77.7% | ||
| Q3 24 | 59.8% | 76.8% | ||
| Q2 24 | 59.6% | 76.3% | ||
| Q1 24 | 57.8% | 76.9% |
| Q4 25 | -149.2% | 21.3% | ||
| Q3 25 | -177.7% | 22.8% | ||
| Q2 25 | -81.8% | 19.8% | ||
| Q1 25 | -88.7% | 18.2% | ||
| Q4 24 | -79.8% | 20.0% | ||
| Q3 24 | -83.2% | 19.1% | ||
| Q2 24 | -95.1% | 18.7% | ||
| Q1 24 | -105.3% | 17.5% |
| Q4 25 | -139.3% | 20.3% | ||
| Q3 25 | -166.2% | 18.4% | ||
| Q2 25 | -73.3% | 15.7% | ||
| Q1 25 | -81.2% | 17.1% | ||
| Q4 24 | -69.9% | 16.2% | ||
| Q3 24 | -72.0% | 15.3% | ||
| Q2 24 | -84.2% | 16.8% | ||
| Q1 24 | -92.6% | 15.6% |
| Q4 25 | $-0.75 | $2.19 | ||
| Q3 25 | $-0.86 | $1.96 | ||
| Q2 25 | $-0.60 | $1.59 | ||
| Q1 25 | $-0.62 | $1.75 | ||
| Q4 24 | $-0.52 | $1.58 | ||
| Q3 24 | $-0.50 | $1.47 | ||
| Q2 24 | $-0.59 | $1.56 | ||
| Q1 24 | $-0.60 | $1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $9.0B |
| Total DebtLower is stronger | — | $8.4B |
| Stockholders' EquityBook value | $771.9M | $60.0B |
| Total Assets | $961.3M | $95.1B |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $9.0B | ||
| Q3 25 | $711.9M | $10.4B | ||
| Q2 25 | $742.7M | $10.9B | ||
| Q1 25 | $724.3M | $8.8B | ||
| Q4 24 | $730.4M | $8.0B | ||
| Q3 24 | $762.5M | $7.7B | ||
| Q2 24 | $750.4M | $10.0B | ||
| Q1 24 | $723.3M | $8.5B |
| Q4 25 | — | $8.4B | ||
| Q3 25 | — | $8.4B | ||
| Q2 25 | — | $8.4B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | — | $8.4B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.4B |
| Q4 25 | $771.9M | $60.0B | ||
| Q3 25 | $798.8M | $61.3B | ||
| Q2 25 | $838.3M | $60.7B | ||
| Q1 25 | $860.2M | $61.2B | ||
| Q4 24 | $859.0M | $58.5B | ||
| Q3 24 | $874.9M | $57.6B | ||
| Q2 24 | $873.4M | $59.7B | ||
| Q1 24 | $898.0M | $59.6B |
| Q4 25 | $961.3M | $95.1B | ||
| Q3 25 | $968.7M | $97.6B | ||
| Q2 25 | $1.0B | $98.6B | ||
| Q1 25 | $1.1B | $102.9B | ||
| Q4 24 | $1.0B | $91.4B | ||
| Q3 24 | $1.1B | $92.2B | ||
| Q2 24 | $1.0B | $96.2B | ||
| Q1 24 | $1.1B | $99.8B |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $2.3B |
| Free Cash FlowOCF − Capex | $-46.9M | $2.2B |
| FCF MarginFCF / Revenue | -62.4% | 21.2% |
| Capex IntensityCapex / Revenue | 0.5% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 1.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $12.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $2.3B | ||
| Q3 25 | $-33.5M | $740.0M | ||
| Q2 25 | $11.3M | $6.5B | ||
| Q1 25 | $-22.0M | $4.0B | ||
| Q4 24 | $-38.7M | $2.0B | ||
| Q3 24 | $8.0M | $892.0M | ||
| Q2 24 | $21.3M | $6.2B | ||
| Q1 24 | $-39.1M | $3.4B |
| Q4 25 | $-46.9M | $2.2B | ||
| Q3 25 | $-34.3M | $605.0M | ||
| Q2 25 | $10.3M | $6.3B | ||
| Q1 25 | $-22.4M | $3.8B | ||
| Q4 24 | $-39.5M | $1.8B | ||
| Q3 24 | $7.1M | $755.0M | ||
| Q2 24 | $18.8M | $6.1B | ||
| Q1 24 | $-45.1M | $3.3B |
| Q4 25 | -62.4% | 21.2% | ||
| Q3 25 | -48.8% | 5.9% | ||
| Q2 25 | 9.5% | 64.1% | ||
| Q1 25 | -22.7% | 38.2% | ||
| Q4 24 | -41.9% | 18.8% | ||
| Q3 24 | 8.2% | 8.1% | ||
| Q2 24 | 21.7% | 66.6% | ||
| Q1 24 | -57.6% | 35.1% |
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 1.1% | 1.3% | ||
| Q2 25 | 0.9% | 1.8% | ||
| Q1 25 | 0.4% | 1.5% | ||
| Q4 24 | 0.9% | 2.2% | ||
| Q3 24 | 1.1% | 1.5% | ||
| Q2 24 | 2.9% | 1.8% | ||
| Q1 24 | 7.8% | 1.6% |
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 4.20× | ||
| Q1 25 | — | 2.32× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 4.08× | ||
| Q1 24 | — | 2.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
CRM
| Agentforce Service | $2.5B | 24% |
| Agentforce Sales | $2.3B | 22% |
| Agentforce360Platform Slack And Other | $2.2B | 21% |
| Agentforce Integration And Agentforce Analytics | $1.4B | 14% |
| Agentforce Marketing And Agentforce Commerce | $1.4B | 13% |
| Professional Servicesand Other | $533.0M | 5% |
