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Side-by-side financial comparison of Salesforce (CRM) and Coca-Cola Company (The) (KO). Click either name above to swap in a different company.
Coca-Cola Company (The) is the larger business by last-quarter revenue ($11.8B vs $10.3B, roughly 1.2× Salesforce). Salesforce runs the higher net margin — 20.3% vs 19.2%, a 1.1% gap on every dollar of revenue. On growth, Salesforce posted the faster year-over-year revenue change (8.6% vs 2.4%). Coca-Cola Company (The) produced more free cash flow last quarter ($2.9B vs $2.2B). Over the past eight quarters, Salesforce's revenue compounded faster (5.1% CAGR vs 2.3%).
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.
The Coca-Cola Company is an American multinational corporation founded in 1892 headquartered in Atlanta, Georgia. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is listed on the New York Stock Exchange and is a component of the DJIA and the S&P 500 and S&P 100 indices.
CRM vs KO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.3B | $11.8B |
| Net Profit | $2.1B | $2.3B |
| Gross Margin | 78.0% | 60.0% |
| Operating Margin | 21.3% | 15.6% |
| Net Margin | 20.3% | 19.2% |
| Revenue YoY | 8.6% | 2.4% |
| Net Profit YoY | 36.6% | 3.5% |
| EPS (diluted) | $2.19 | $0.53 |
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 | $10.3B | $11.8B | ||
| Q3 25 | $10.2B | $12.5B | ||
| Q2 25 | $9.8B | $12.5B | ||
| Q1 25 | $10.0B | $11.1B | ||
| Q4 24 | $9.4B | $11.5B | ||
| Q3 24 | $9.3B | $11.9B | ||
| Q2 24 | $9.1B | $12.4B | ||
| Q1 24 | $9.3B | $11.3B |
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $1.9B | $3.7B | ||
| Q2 25 | $1.5B | $3.8B | ||
| Q1 25 | $1.7B | $3.3B | ||
| Q4 24 | $1.5B | $2.2B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.5B | $2.4B | ||
| Q1 24 | $1.4B | $3.2B |
| Q4 25 | 78.0% | 60.0% | ||
| Q3 25 | 78.1% | 61.5% | ||
| Q2 25 | 77.0% | 62.4% | ||
| Q1 25 | 77.8% | 62.6% | ||
| Q4 24 | 77.7% | 60.0% | ||
| Q3 24 | 76.8% | 60.7% | ||
| Q2 24 | 76.3% | 61.1% | ||
| Q1 24 | 76.9% | 62.5% |
| Q4 25 | 21.3% | 15.6% | ||
| Q3 25 | 22.8% | 32.0% | ||
| Q2 25 | 19.8% | 34.1% | ||
| Q1 25 | 18.2% | 32.9% | ||
| Q4 24 | 20.0% | 23.5% | ||
| Q3 24 | 19.1% | 21.2% | ||
| Q2 24 | 18.7% | 21.3% | ||
| Q1 24 | 17.5% | 18.9% |
| Q4 25 | 20.3% | 19.2% | ||
| Q3 25 | 18.4% | 29.7% | ||
| Q2 25 | 15.7% | 30.4% | ||
| Q1 25 | 17.1% | 29.9% | ||
| Q4 24 | 16.2% | 19.0% | ||
| Q3 24 | 15.3% | 24.0% | ||
| Q2 24 | 16.8% | 19.5% | ||
| Q1 24 | 15.6% | 28.1% |
| Q4 25 | $2.19 | $0.53 | ||
| Q3 25 | $1.96 | $0.86 | ||
| Q2 25 | $1.59 | $0.88 | ||
| Q1 25 | $1.75 | $0.77 | ||
| Q4 24 | $1.58 | $0.50 | ||
| Q3 24 | $1.47 | $0.66 | ||
| Q2 24 | $1.56 | $0.56 | ||
| Q1 24 | $1.47 | $0.74 |
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 | $10.3B |
| Total DebtLower is stronger | $8.4B | $42.1B |
| Stockholders' EquityBook value | $60.0B | $32.2B |
| Total Assets | $95.1B | $104.8B |
| Debt / EquityLower = less leverage | 0.14× | 1.31× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.0B | $10.3B | ||
| Q3 25 | $10.4B | $12.7B | ||
| Q2 25 | $10.9B | $9.6B | ||
| Q1 25 | $8.8B | $8.4B | ||
| Q4 24 | $8.0B | $10.8B | ||
| Q3 24 | $7.7B | $13.9B | ||
| Q2 24 | $10.0B | $13.7B | ||
| Q1 24 | $8.5B | $10.4B |
| Q4 25 | $8.4B | $42.1B | ||
| Q3 25 | $8.4B | $43.2B | ||
| Q2 25 | $8.4B | $45.0B | ||
| Q1 25 | $8.4B | $43.5B | ||
| Q4 24 | $8.4B | $42.4B | ||
| Q3 24 | $8.4B | $43.0B | ||
| Q2 24 | $9.4B | $38.1B | ||
| Q1 24 | $9.4B | $36.5B |
| Q4 25 | $60.0B | $32.2B | ||
| Q3 25 | $61.3B | $31.2B | ||
| Q2 25 | $60.7B | $28.6B | ||
| Q1 25 | $61.2B | $26.2B | ||
| Q4 24 | $58.5B | $24.9B | ||
| Q3 24 | $57.6B | $26.5B | ||
| Q2 24 | $59.7B | $25.9B | ||
| Q1 24 | $59.6B | $26.4B |
| Q4 25 | $95.1B | $104.8B | ||
| Q3 25 | $97.6B | $106.0B | ||
| Q2 25 | $98.6B | $104.3B | ||
| Q1 25 | $102.9B | $101.7B | ||
| Q4 24 | $91.4B | $100.5B | ||
| Q3 24 | $92.2B | $106.3B | ||
| Q2 24 | $96.2B | $101.2B | ||
| Q1 24 | $99.8B | $99.4B |
| Q4 25 | 0.14× | 1.31× | ||
| Q3 25 | 0.14× | 1.38× | ||
| Q2 25 | 0.14× | 1.57× | ||
| Q1 25 | 0.14× | 1.66× | ||
| Q4 24 | 0.14× | 1.70× | ||
| Q3 24 | 0.15× | 1.62× | ||
| Q2 24 | 0.16× | 1.47× | ||
| Q1 24 | 0.16× | 1.38× |
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 | $3.8B |
| Free Cash FlowOCF − Capex | $2.2B | $2.9B |
| FCF MarginFCF / Revenue | 21.2% | 24.3% |
| Capex IntensityCapex / Revenue | 1.4% | 7.5% |
| Cash ConversionOCF / Net Profit | 1.11× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9B | $5.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $3.8B | ||
| Q3 25 | $740.0M | $5.0B | ||
| Q2 25 | $6.5B | $3.8B | ||
| Q1 25 | $4.0B | $-5.2B | ||
| Q4 24 | $2.0B | $4.0B | ||
| Q3 24 | $892.0M | $-1.3B | ||
| Q2 24 | $6.2B | $3.6B | ||
| Q1 24 | $3.4B | $528.0M |
| Q4 25 | $2.2B | $2.9B | ||
| Q3 25 | $605.0M | $4.6B | ||
| Q2 25 | $6.3B | $3.4B | ||
| Q1 25 | $3.8B | $-5.5B | ||
| Q4 24 | $1.8B | $3.1B | ||
| Q3 24 | $755.0M | $-1.7B | ||
| Q2 24 | $6.1B | $3.2B | ||
| Q1 24 | $3.3B | $158.0M |
| Q4 25 | 21.2% | 24.3% | ||
| Q3 25 | 5.9% | 36.6% | ||
| Q2 25 | 64.1% | 26.9% | ||
| Q1 25 | 38.2% | -49.5% | ||
| Q4 24 | 18.8% | 27.3% | ||
| Q3 24 | 8.1% | -14.6% | ||
| Q2 24 | 66.6% | 25.6% | ||
| Q1 24 | 35.1% | 1.4% |
| Q4 25 | 1.4% | 7.5% | ||
| Q3 25 | 1.3% | 3.8% | ||
| Q2 25 | 1.8% | 3.5% | ||
| Q1 25 | 1.5% | 2.8% | ||
| Q4 24 | 2.2% | 7.0% | ||
| Q3 24 | 1.5% | 4.0% | ||
| Q2 24 | 1.8% | 3.4% | ||
| Q1 24 | 1.6% | 3.3% |
| Q4 25 | 1.11× | 1.65× | ||
| Q3 25 | 0.39× | 1.36× | ||
| Q2 25 | 4.20× | 1.00× | ||
| Q1 25 | 2.32× | -1.56× | ||
| Q4 24 | 1.30× | 1.80× | ||
| Q3 24 | 0.62× | -0.44× | ||
| Q2 24 | 4.08× | 1.49× | ||
| Q1 24 | 2.35× | 0.17× |
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% |
KO
| Other | $7.0B | 59% |
| Finished Product Operations | $2.4B | 21% |
| Concentrate Operations | $2.4B | 20% |
