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Side-by-side financial comparison of Salesforce (CRM) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Salesforce is the larger business by last-quarter revenue ($10.3B vs $1.2B, roughly 8.5× Snowflake Inc.). Salesforce runs the higher net margin — 20.3% vs -24.2%, a 44.6% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs 8.6%). Salesforce produced more free cash flow last quarter ($2.2B vs $113.6M). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% 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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
CRM vs SNOW — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $10.3B | $1.2B |
| Net Profit | $2.1B | $-294.0M |
| Gross Margin | 78.0% | 67.8% |
| Operating Margin | 21.3% | -27.2% |
| Net Margin | 20.3% | -24.2% |
| Revenue YoY | 8.6% | 28.7% |
| Net Profit YoY | 36.6% | 9.4% |
| EPS (diluted) | $2.19 | $-0.87 |
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 | $1.2B | ||
| Q3 25 | $10.2B | $1.1B | ||
| Q2 25 | $9.8B | $1.0B | ||
| Q1 25 | $10.0B | $986.8M | ||
| Q4 24 | $9.4B | $942.1M | ||
| Q3 24 | $9.3B | $868.8M | ||
| Q2 24 | $9.1B | $828.7M | ||
| Q1 24 | $9.3B | $774.7M |
| Q4 25 | $2.1B | $-294.0M | ||
| Q3 25 | $1.9B | $-298.0M | ||
| Q2 25 | $1.5B | $-430.1M | ||
| Q1 25 | $1.7B | $-327.5M | ||
| Q4 24 | $1.5B | $-324.3M | ||
| Q3 24 | $1.4B | $-316.9M | ||
| Q2 24 | $1.5B | $-317.0M | ||
| Q1 24 | $1.4B | $-169.4M |
| Q4 25 | 78.0% | 67.8% | ||
| Q3 25 | 78.1% | 67.5% | ||
| Q2 25 | 77.0% | 66.5% | ||
| Q1 25 | 77.8% | 66.2% | ||
| Q4 24 | 77.7% | 65.9% | ||
| Q3 24 | 76.8% | 66.8% | ||
| Q2 24 | 76.3% | 67.1% | ||
| Q1 24 | 76.9% | 68.8% |
| Q4 25 | 21.3% | -27.2% | ||
| Q3 25 | 22.8% | -29.7% | ||
| Q2 25 | 19.8% | -42.9% | ||
| Q1 25 | 18.2% | -39.2% | ||
| Q4 24 | 20.0% | -38.8% | ||
| Q3 24 | 19.1% | -40.9% | ||
| Q2 24 | 18.7% | -42.1% | ||
| Q1 24 | 17.5% | -35.6% |
| Q4 25 | 20.3% | -24.2% | ||
| Q3 25 | 18.4% | -26.0% | ||
| Q2 25 | 15.7% | -41.3% | ||
| Q1 25 | 17.1% | -33.2% | ||
| Q4 24 | 16.2% | -34.4% | ||
| Q3 24 | 15.3% | -36.5% | ||
| Q2 24 | 16.8% | -38.3% | ||
| Q1 24 | 15.6% | -21.9% |
| Q4 25 | $2.19 | $-0.87 | ||
| Q3 25 | $1.96 | $-0.89 | ||
| Q2 25 | $1.59 | $-1.29 | ||
| Q1 25 | $1.75 | $-0.98 | ||
| Q4 24 | $1.58 | $-0.98 | ||
| Q3 24 | $1.47 | $-0.95 | ||
| Q2 24 | $1.56 | $-0.95 | ||
| Q1 24 | $1.47 | $-0.51 |
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 | $1.9B |
| Total DebtLower is stronger | $8.4B | — |
| Stockholders' EquityBook value | $60.0B | $2.1B |
| Total Assets | $95.1B | $8.2B |
| Debt / EquityLower = less leverage | 0.14× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.0B | $1.9B | ||
| Q3 25 | $10.4B | $1.9B | ||
| Q2 25 | $10.9B | $2.2B | ||
| Q1 25 | $8.8B | $2.6B | ||
| Q4 24 | $8.0B | $2.1B | ||
| Q3 24 | $7.7B | $1.3B | ||
| Q2 24 | $10.0B | $1.3B | ||
| Q1 24 | $8.5B | $1.8B |
| 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 24 | $9.4B | — |
| Q4 25 | $60.0B | $2.1B | ||
| Q3 25 | $61.3B | $2.4B | ||
| Q2 25 | $60.7B | $2.4B | ||
| Q1 25 | $61.2B | $3.0B | ||
| Q4 24 | $58.5B | $2.9B | ||
| Q3 24 | $57.6B | $4.1B | ||
| Q2 24 | $59.7B | $4.6B | ||
| Q1 24 | $59.6B | $5.2B |
| Q4 25 | $95.1B | $8.2B | ||
| Q3 25 | $97.6B | $8.2B | ||
| Q2 25 | $98.6B | $8.2B | ||
| Q1 25 | $102.9B | $9.0B | ||
| Q4 24 | $91.4B | $8.2B | ||
| Q3 24 | $92.2B | $6.9B | ||
| Q2 24 | $96.2B | $7.3B | ||
| Q1 24 | $99.8B | $8.2B |
| 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 | $2.3B | $137.5M |
| Free Cash FlowOCF − Capex | $2.2B | $113.6M |
| FCF MarginFCF / Revenue | 21.2% | 9.4% |
| Capex IntensityCapex / Revenue | 1.4% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.9B | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $137.5M | ||
| Q3 25 | $740.0M | $74.9M | ||
| Q2 25 | $6.5B | $228.4M | ||
| Q1 25 | $4.0B | $432.7M | ||
| Q4 24 | $2.0B | $101.7M | ||
| Q3 24 | $892.0M | $69.9M | ||
| Q2 24 | $6.2B | $355.5M | ||
| Q1 24 | $3.4B | $344.6M |
| Q4 25 | $2.2B | $113.6M | ||
| Q3 25 | $605.0M | $58.2M | ||
| Q2 25 | $6.3B | $183.4M | ||
| Q1 25 | $3.8B | $421.4M | ||
| Q4 24 | $1.8B | $88.3M | ||
| Q3 24 | $755.0M | $64.8M | ||
| Q2 24 | $6.1B | $338.9M | ||
| Q1 24 | $3.3B | $331.5M |
| Q4 25 | 21.2% | 9.4% | ||
| Q3 25 | 5.9% | 5.1% | ||
| Q2 25 | 64.1% | 17.6% | ||
| Q1 25 | 38.2% | 42.7% | ||
| Q4 24 | 18.8% | 9.4% | ||
| Q3 24 | 8.1% | 7.5% | ||
| Q2 24 | 66.6% | 40.9% | ||
| Q1 24 | 35.1% | 42.8% |
| Q4 25 | 1.4% | 2.0% | ||
| Q3 25 | 1.3% | 1.5% | ||
| Q2 25 | 1.8% | 4.3% | ||
| Q1 25 | 1.5% | 1.1% | ||
| Q4 24 | 2.2% | 1.4% | ||
| Q3 24 | 1.5% | 0.6% | ||
| Q2 24 | 1.8% | 2.0% | ||
| Q1 24 | 1.6% | 1.7% |
| 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
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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
