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Side-by-side financial comparison of Salesforce (CRM) and Netflix (NFLX). Click either name above to swap in a different company.
Netflix is the larger business by last-quarter revenue ($12.2B vs $10.3B, roughly 1.2× Salesforce). Netflix runs the higher net margin — 43.1% vs 20.3%, a 22.8% gap on every dollar of revenue. On growth, Netflix posted the faster year-over-year revenue change (16.2% vs 8.6%). Netflix produced more free cash flow last quarter ($5.1B vs $2.2B). Over the past eight quarters, Netflix's revenue compounded faster (13.2% 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.
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
CRM vs NFLX — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $10.3B | $12.2B |
| Net Profit | $2.1B | $5.3B |
| Gross Margin | 78.0% | 51.9% |
| Operating Margin | 21.3% | 32.3% |
| Net Margin | 20.3% | 43.1% |
| Revenue YoY | 8.6% | 16.2% |
| Net Profit YoY | 36.6% | 82.8% |
| EPS (diluted) | $2.19 | $1.23 |
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 | — | $12.2B | ||
| Q4 25 | $10.3B | $12.1B | ||
| Q3 25 | $10.2B | $11.5B | ||
| Q2 25 | $9.8B | $11.1B | ||
| Q1 25 | $10.0B | $10.5B | ||
| Q4 24 | $9.4B | $10.2B | ||
| Q3 24 | $9.3B | $9.8B | ||
| Q2 24 | $9.1B | $9.6B |
| Q1 26 | — | $5.3B | ||
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $1.9B | $2.5B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.7B | $2.9B | ||
| Q4 24 | $1.5B | $1.9B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.5B | $2.1B |
| Q1 26 | — | 51.9% | ||
| Q4 25 | 78.0% | 45.9% | ||
| Q3 25 | 78.1% | 46.4% | ||
| Q2 25 | 77.0% | 51.9% | ||
| Q1 25 | 77.8% | 50.1% | ||
| Q4 24 | 77.7% | 43.7% | ||
| Q3 24 | 76.8% | 47.9% | ||
| Q2 24 | 76.3% | 45.9% |
| Q1 26 | — | 32.3% | ||
| Q4 25 | 21.3% | 24.5% | ||
| Q3 25 | 22.8% | 28.2% | ||
| Q2 25 | 19.8% | 34.1% | ||
| Q1 25 | 18.2% | 31.7% | ||
| Q4 24 | 20.0% | 22.2% | ||
| Q3 24 | 19.1% | 29.6% | ||
| Q2 24 | 18.7% | 27.2% |
| Q1 26 | — | 43.1% | ||
| Q4 25 | 20.3% | 20.1% | ||
| Q3 25 | 18.4% | 22.1% | ||
| Q2 25 | 15.7% | 28.2% | ||
| Q1 25 | 17.1% | 27.4% | ||
| Q4 24 | 16.2% | 18.2% | ||
| Q3 24 | 15.3% | 24.1% | ||
| Q2 24 | 16.8% | 22.5% |
| Q1 26 | — | $1.23 | ||
| Q4 25 | $2.19 | $-17.14 | ||
| Q3 25 | $1.96 | $5.87 | ||
| Q2 25 | $1.59 | $7.19 | ||
| Q1 25 | $1.75 | $0.66 | ||
| Q4 24 | $1.58 | $4.27 | ||
| Q3 24 | $1.47 | $5.40 | ||
| Q2 24 | $1.56 | $4.88 |
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 | $12.3B |
| Total DebtLower is stronger | $8.4B | $13.4B |
| Stockholders' EquityBook value | $60.0B | $31.1B |
| Total Assets | $95.1B | $61.0B |
| Debt / EquityLower = less leverage | 0.14× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.3B | ||
| Q4 25 | $9.0B | $9.1B | ||
| Q3 25 | $10.4B | $9.3B | ||
| Q2 25 | $10.9B | $8.4B | ||
| Q1 25 | $8.8B | $8.4B | ||
| Q4 24 | $8.0B | $9.6B | ||
| Q3 24 | $7.7B | $9.2B | ||
| Q2 24 | $10.0B | $6.7B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $8.4B | $13.5B | ||
| Q3 25 | $8.4B | $14.5B | ||
| Q2 25 | $8.4B | $14.5B | ||
| Q1 25 | $8.4B | $14.0B | ||
| Q4 24 | $8.4B | $13.8B | ||
| Q3 24 | $8.4B | $14.2B | ||
| Q2 24 | $9.4B | $12.2B |
| Q1 26 | — | $31.1B | ||
| Q4 25 | $60.0B | $26.6B | ||
| Q3 25 | $61.3B | $26.0B | ||
| Q2 25 | $60.7B | $25.0B | ||
| Q1 25 | $61.2B | $24.0B | ||
| Q4 24 | $58.5B | $24.7B | ||
| Q3 24 | $57.6B | $22.7B | ||
| Q2 24 | $59.7B | $22.1B |
| Q1 26 | — | $61.0B | ||
| Q4 25 | $95.1B | $55.6B | ||
| Q3 25 | $97.6B | $54.9B | ||
| Q2 25 | $98.6B | $53.1B | ||
| Q1 25 | $102.9B | $52.1B | ||
| Q4 24 | $91.4B | $53.6B | ||
| Q3 24 | $92.2B | $52.3B | ||
| Q2 24 | $96.2B | $49.1B |
| Q1 26 | — | 0.43× | ||
| Q4 25 | 0.14× | 0.51× | ||
| Q3 25 | 0.14× | 0.56× | ||
| Q2 25 | 0.14× | 0.58× | ||
| Q1 25 | 0.14× | 0.58× | ||
| Q4 24 | 0.14× | 0.56× | ||
| Q3 24 | 0.15× | 0.62× | ||
| Q2 24 | 0.16× | 0.55× |
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 | $5.3B |
| Free Cash FlowOCF − Capex | $2.2B | $5.1B |
| FCF MarginFCF / Revenue | 21.2% | 41.6% |
| Capex IntensityCapex / Revenue | 1.4% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.11× | 1.00× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9B | $11.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.3B | ||
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $740.0M | $2.8B | ||
| Q2 25 | $6.5B | $2.4B | ||
| Q1 25 | $4.0B | $2.8B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $892.0M | $2.3B | ||
| Q2 24 | $6.2B | $1.3B |
| Q1 26 | — | $5.1B | ||
| Q4 25 | $2.2B | $1.9B | ||
| Q3 25 | $605.0M | $2.7B | ||
| Q2 25 | $6.3B | $2.3B | ||
| Q1 25 | $3.8B | $2.7B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $755.0M | $2.2B | ||
| Q2 24 | $6.1B | $1.2B |
| Q1 26 | — | 41.6% | ||
| Q4 25 | 21.2% | 15.5% | ||
| Q3 25 | 5.9% | 23.1% | ||
| Q2 25 | 64.1% | 20.5% | ||
| Q1 25 | 38.2% | 25.2% | ||
| Q4 24 | 18.8% | 13.5% | ||
| Q3 24 | 8.1% | 22.3% | ||
| Q2 24 | 66.6% | 12.7% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | 1.4% | 2.0% | ||
| Q3 25 | 1.3% | 1.4% | ||
| Q2 25 | 1.8% | 1.4% | ||
| Q1 25 | 1.5% | 1.2% | ||
| Q4 24 | 2.2% | 1.5% | ||
| Q3 24 | 1.5% | 1.3% | ||
| Q2 24 | 1.8% | 0.8% |
| Q1 26 | — | 1.00× | ||
| Q4 25 | 1.11× | 0.87× | ||
| Q3 25 | 0.39× | 1.11× | ||
| Q2 25 | 4.20× | 0.78× | ||
| Q1 25 | 2.32× | 0.97× | ||
| Q4 24 | 1.30× | 0.82× | ||
| Q3 24 | 0.62× | 0.98× | ||
| Q2 24 | 4.08× | 0.60× |
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% |
NFLX
Segment breakdown not available.
