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Side-by-side financial comparison of Salesforce (CRM) and Molina Healthcare (MOH). Click either name above to swap in a different company.
Molina Healthcare is the larger business by last-quarter revenue ($10.8B vs $10.3B, roughly 1.1× Salesforce). Salesforce runs the higher net margin — 20.3% vs 0.1%, a 20.2% gap on every dollar of revenue. On growth, Salesforce posted the faster year-over-year revenue change (8.6% vs -3.1%). Over the past eight quarters, Salesforce's revenue compounded faster (5.1% CAGR vs 4.5%).
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.
Molina Healthcare, Inc. is a managed care company headquartered in Long Beach, California, United States. The company provides health insurance to individuals through government programs such as Medicaid and Medicare.
CRM vs MOH — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $10.3B | $10.8B |
| Net Profit | $2.1B | $14.0M |
| Gross Margin | 78.0% | — |
| Operating Margin | 21.3% | 0.8% |
| Net Margin | 20.3% | 0.1% |
| Revenue YoY | 8.6% | -3.1% |
| Net Profit YoY | 36.6% | -64.0% |
| EPS (diluted) | $2.19 | $0.27 |
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 | — | $10.8B | ||
| Q4 25 | $10.3B | $11.4B | ||
| Q3 25 | $10.2B | $11.5B | ||
| Q2 25 | $9.8B | $11.4B | ||
| Q1 25 | $10.0B | $11.1B | ||
| Q4 24 | $9.4B | $10.5B | ||
| Q3 24 | $9.3B | $10.3B | ||
| Q2 24 | $9.1B | $9.9B |
| Q1 26 | — | $14.0M | ||
| Q4 25 | $2.1B | $-160.0M | ||
| Q3 25 | $1.9B | $79.0M | ||
| Q2 25 | $1.5B | $255.0M | ||
| Q1 25 | $1.7B | $298.0M | ||
| Q4 24 | $1.5B | $251.0M | ||
| Q3 24 | $1.4B | $326.0M | ||
| Q2 24 | $1.5B | $301.0M |
| Q1 26 | — | — | ||
| Q4 25 | 78.0% | 10.9% | ||
| Q3 25 | 78.1% | 12.5% | ||
| Q2 25 | 77.0% | 14.0% | ||
| Q1 25 | 77.8% | 15.0% | ||
| Q4 24 | 77.7% | 14.2% | ||
| Q3 24 | 76.8% | 16.4% | ||
| Q2 24 | 76.3% | 15.3% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | 21.3% | -1.4% | ||
| Q3 25 | 22.8% | 1.2% | ||
| Q2 25 | 19.8% | 3.3% | ||
| Q1 25 | 18.2% | 3.9% | ||
| Q4 24 | 20.0% | 3.6% | ||
| Q3 24 | 19.1% | 4.5% | ||
| Q2 24 | 18.7% | 4.4% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 20.3% | -1.4% | ||
| Q3 25 | 18.4% | 0.7% | ||
| Q2 25 | 15.7% | 2.2% | ||
| Q1 25 | 17.1% | 2.7% | ||
| Q4 24 | 16.2% | 2.4% | ||
| Q3 24 | 15.3% | 3.2% | ||
| Q2 24 | 16.8% | 3.0% |
| Q1 26 | — | $0.27 | ||
| Q4 25 | $2.19 | $-2.79 | ||
| Q3 25 | $1.96 | $1.51 | ||
| Q2 25 | $1.59 | $4.75 | ||
| Q1 25 | $1.75 | $5.45 | ||
| Q4 24 | $1.58 | $4.43 | ||
| Q3 24 | $1.47 | $5.65 | ||
| Q2 24 | $1.56 | $5.17 |
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 | $5.3B |
| Total DebtLower is stronger | $8.4B | $3.8B |
| Stockholders' EquityBook value | $60.0B | $4.1B |
| Total Assets | $95.1B | $16.4B |
| Debt / EquityLower = less leverage | 0.14× | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.3B | ||
| Q4 25 | $9.0B | $8.3B | ||
| Q3 25 | $10.4B | $8.4B | ||
| Q2 25 | $10.9B | $8.8B | ||
| Q1 25 | $8.8B | $9.3B | ||
| Q4 24 | $8.0B | $9.0B | ||
| Q3 24 | $7.7B | $9.2B | ||
| Q2 24 | $10.0B | $8.7B |
| Q1 26 | — | $3.8B | ||
| 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 26 | — | $4.1B | ||
| Q4 25 | $60.0B | $4.1B | ||
| Q3 25 | $61.3B | $4.2B | ||
| Q2 25 | $60.7B | $4.6B | ||
| Q1 25 | $61.2B | $4.3B | ||
| Q4 24 | $58.5B | $4.5B | ||
| Q3 24 | $57.6B | $4.8B | ||
| Q2 24 | $59.7B | $4.8B |
| Q1 26 | — | $16.4B | ||
| Q4 25 | $95.1B | $15.6B | ||
| Q3 25 | $97.6B | $15.7B | ||
| Q2 25 | $98.6B | $16.2B | ||
| Q1 25 | $102.9B | $16.4B | ||
| Q4 24 | $91.4B | $15.6B | ||
| Q3 24 | $92.2B | $15.8B | ||
| Q2 24 | $96.2B | $15.2B |
| Q1 26 | — | 0.92× | ||
| 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× | — |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $2.2B | — |
| FCF MarginFCF / Revenue | 21.2% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | 1.11× | 77.29× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.3B | $-298.0M | ||
| Q3 25 | $740.0M | $-125.0M | ||
| Q2 25 | $6.5B | $-302.0M | ||
| Q1 25 | $4.0B | $190.0M | ||
| Q4 24 | $2.0B | $-224.0M | ||
| Q3 24 | $892.0M | $873.0M | ||
| Q2 24 | $6.2B | $-219.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $-299.0M | ||
| Q3 25 | $605.0M | $-163.0M | ||
| Q2 25 | $6.3B | $-344.0M | ||
| Q1 25 | $3.8B | $168.0M | ||
| Q4 24 | $1.8B | $-235.0M | ||
| Q3 24 | $755.0M | $838.0M | ||
| Q2 24 | $6.1B | $-246.0M |
| Q1 26 | — | — | ||
| Q4 25 | 21.2% | -2.6% | ||
| Q3 25 | 5.9% | -1.4% | ||
| Q2 25 | 64.1% | -3.0% | ||
| Q1 25 | 38.2% | 1.5% | ||
| Q4 24 | 18.8% | -2.2% | ||
| Q3 24 | 8.1% | 8.1% | ||
| Q2 24 | 66.6% | -2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 0.0% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 1.8% | 0.4% | ||
| Q1 25 | 1.5% | 0.2% | ||
| Q4 24 | 2.2% | 0.1% | ||
| Q3 24 | 1.5% | 0.3% | ||
| Q2 24 | 1.8% | 0.3% |
| Q1 26 | — | 77.29× | ||
| Q4 25 | 1.11× | — | ||
| Q3 25 | 0.39× | -1.58× | ||
| Q2 25 | 4.20× | -1.18× | ||
| Q1 25 | 2.32× | 0.64× | ||
| Q4 24 | 1.30× | -0.89× | ||
| Q3 24 | 0.62× | 2.68× | ||
| Q2 24 | 4.08× | -0.73× |
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% |
MOH
| Premium revenue | $10.2B | 94% |
| Premium tax revenue | $504.0M | 5% |
| Investment income | $98.0M | 1% |
| Other revenue | $22.0M | 0% |
