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Side-by-side financial comparison of Salesforce (CRM) and General Dynamics (GD). Click either name above to swap in a different company.
General Dynamics is the larger business by last-quarter revenue ($13.5B vs $10.3B, roughly 1.3× Salesforce). Salesforce runs the higher net margin — 20.3% vs 8.3%, a 12.0% gap on every dollar of revenue. On growth, General Dynamics posted the faster year-over-year revenue change (10.3% vs 8.6%). Salesforce produced more free cash flow last quarter ($2.2B vs $2.0B). Over the past eight quarters, General Dynamics's revenue compounded faster (6.1% CAGR vs 5.1%).
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.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S.
CRM vs GD — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $10.3B | $13.5B |
| Net Profit | $2.1B | $1.1B |
| Gross Margin | 78.0% | — |
| Operating Margin | 21.3% | 10.5% |
| Net Margin | 20.3% | 8.3% |
| Revenue YoY | 8.6% | 10.3% |
| Net Profit YoY | 36.6% | 13.2% |
| EPS (diluted) | $2.19 | $4.10 |
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.
| Q1 26 | — | $13.5B | ||
| Q4 25 | $10.3B | $14.4B | ||
| Q3 25 | $10.2B | $12.9B | ||
| Q2 25 | $9.8B | $13.0B | ||
| Q1 25 | $10.0B | $12.2B | ||
| Q4 24 | $9.4B | $13.3B | ||
| Q3 24 | $9.3B | $11.7B | ||
| Q2 24 | $9.1B | $12.0B |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.7B | $994.0M | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.4B | $930.0M | ||
| Q2 24 | $1.5B | $905.0M |
| Q1 26 | — | — | ||
| Q4 25 | 78.0% | — | ||
| Q3 25 | 78.1% | — | ||
| Q2 25 | 77.0% | — | ||
| Q1 25 | 77.8% | — | ||
| Q4 24 | 77.7% | — | ||
| Q3 24 | 76.8% | — | ||
| Q2 24 | 76.3% | — |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 21.3% | 10.1% | ||
| Q3 25 | 22.8% | 10.3% | ||
| Q2 25 | 19.8% | 10.0% | ||
| Q1 25 | 18.2% | 10.4% | ||
| Q4 24 | 20.0% | 10.7% | ||
| Q3 24 | 19.1% | 10.1% | ||
| Q2 24 | 18.7% | 9.7% |
| Q1 26 | — | 8.3% | ||
| Q4 25 | 20.3% | 7.9% | ||
| Q3 25 | 18.4% | 8.2% | ||
| Q2 25 | 15.7% | 7.8% | ||
| Q1 25 | 17.1% | 8.1% | ||
| Q4 24 | 16.2% | 8.6% | ||
| Q3 24 | 15.3% | 8.0% | ||
| Q2 24 | 16.8% | 7.6% |
| Q1 26 | — | $4.10 | ||
| Q4 25 | $2.19 | — | ||
| Q3 25 | $1.96 | — | ||
| Q2 25 | $1.59 | — | ||
| Q1 25 | $1.75 | — | ||
| Q4 24 | $1.58 | — | ||
| Q3 24 | $1.47 | — | ||
| Q2 24 | $1.56 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $9.0B | $3.7B |
| Total DebtLower is stronger | $8.4B | $6.3B |
| Stockholders' EquityBook value | $60.0B | $26.1B |
| Total Assets | $95.1B | $59.0B |
| Debt / EquityLower = less leverage | 0.14× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.7B | ||
| Q4 25 | $9.0B | $2.3B | ||
| Q3 25 | $10.4B | $2.5B | ||
| Q2 25 | $10.9B | $1.5B | ||
| Q1 25 | $8.8B | $1.2B | ||
| Q4 24 | $8.0B | $1.7B | ||
| Q3 24 | $7.7B | $2.1B | ||
| Q2 24 | $10.0B | $1.4B |
| Q1 26 | — | $6.3B | ||
| Q4 25 | $8.4B | $8.1B | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $8.4B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.4B | $8.8B | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $9.4B | — |
| Q1 26 | — | $26.1B | ||
| Q4 25 | $60.0B | $25.6B | ||
| Q3 25 | $61.3B | $24.4B | ||
| Q2 25 | $60.7B | $23.6B | ||
| Q1 25 | $61.2B | $22.2B | ||
| Q4 24 | $58.5B | $22.1B | ||
| Q3 24 | $57.6B | $23.0B | ||
| Q2 24 | $59.7B | $22.0B |
| Q1 26 | — | $59.0B | ||
| Q4 25 | $95.1B | $57.2B | ||
| Q3 25 | $97.6B | $57.6B | ||
| Q2 25 | $98.6B | $56.9B | ||
| Q1 25 | $102.9B | $56.6B | ||
| Q4 24 | $91.4B | $55.9B | ||
| Q3 24 | $92.2B | $57.3B | ||
| Q2 24 | $96.2B | $55.4B |
| Q1 26 | — | 0.24× | ||
| Q4 25 | 0.14× | 0.32× | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | 0.40× | ||
| Q3 24 | 0.15× | — | ||
| Q2 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 | $2.3B | — |
| Free Cash FlowOCF − Capex | $2.2B | $2.0B |
| FCF MarginFCF / Revenue | 21.2% | 14.5% |
| Capex IntensityCapex / Revenue | 1.4% | 1.5% |
| Cash ConversionOCF / Net Profit | 1.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.9B | $6.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $740.0M | $2.1B | ||
| Q2 25 | $6.5B | $1.6B | ||
| Q1 25 | $4.0B | $-148.0M | ||
| Q4 24 | $2.0B | $2.2B | ||
| Q3 24 | $892.0M | $1.4B | ||
| Q2 24 | $6.2B | $814.0M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.2B | $952.0M | ||
| Q3 25 | $605.0M | $1.9B | ||
| Q2 25 | $6.3B | $1.4B | ||
| Q1 25 | $3.8B | $-290.0M | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $755.0M | $1.2B | ||
| Q2 24 | $6.1B | $613.0M |
| Q1 26 | — | 14.5% | ||
| Q4 25 | 21.2% | 6.6% | ||
| Q3 25 | 5.9% | 14.7% | ||
| Q2 25 | 64.1% | 10.7% | ||
| Q1 25 | 38.2% | -2.4% | ||
| Q4 24 | 18.8% | 13.5% | ||
| Q3 24 | 8.1% | 10.4% | ||
| Q2 24 | 66.6% | 5.1% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 1.4% | 4.2% | ||
| Q3 25 | 1.3% | 1.6% | ||
| Q2 25 | 1.8% | 1.5% | ||
| Q1 25 | 1.5% | 1.2% | ||
| Q4 24 | 2.2% | 2.7% | ||
| Q3 24 | 1.5% | 1.7% | ||
| Q2 24 | 1.8% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 1.37× | ||
| Q3 25 | 0.39× | 1.99× | ||
| Q2 25 | 4.20× | 1.58× | ||
| Q1 25 | 2.32× | -0.15× | ||
| Q4 24 | 1.30× | 1.88× | ||
| Q3 24 | 0.62× | 1.52× | ||
| Q2 24 | 4.08× | 0.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
GD
Segment breakdown not available.
