Salesforce vs Oracle
Add, change or remove companies; up to four.
The short version
- Oracle is the larger business, with $67.4B of revenue in fiscal 2026 against $41.5B for Salesforce, about 1.6 times as much.
- Oracle grew revenue faster (17.4%, against 9.6%).
- Oracle kept more of each dollar of sales as operating profit (30.6% operating margin, against 20.1%).
- Salesforce turned more of its sales into free cash flow (34.7% FCF margin, against −35.2%).
- Oracle earned a higher return on the capital invested in it (14.2%, against 10.8%).
- Investors pay more for each dollar of Salesforce’s earnings: a P/E of 22.7x against 19.8x for Oracle.
| Latest fiscal year | CRM · FY26 | ORCL · FY26 |
|---|---|---|
| Size | ||
| Market cap | $204.1B | $378.5B |
| Revenue | $41.5B | $67.4B |
| Free cash flow | $14.4B | −$23.7B |
| Net income | $7.5B | $17.1B |
| Growth | ||
| Revenue growth | 9.6% | 17.4% |
| 5-year growth | 14.3% | 10.7% |
| Share count change | −1.9% | 1.7% |
| Profitability | ||
| Gross margin | 77.7% | — |
| Operating margin | 20.1% | 30.6% |
| Net margin | 18.0% | 25.4% |
| FCF margin | 34.7% | −35.2% |
| Return on capital | 10.8% | 14.2% |
| Return on equity | 12.4% | 54.3% |
| Balance sheet | ||
| Net debt | $5.4B | $105.3B |
| Net debt / EBITDA | 0.6x | 3.5x |
| Dividends and buybacks | $14.2B | $5.9B |
| Valuation & quality | ||
| P/E | 22.7x | 19.8x |
| Piotroski F-score | 7 | 5 |
Revenue
FY17
CRM $8.4B
ORCL $37.8B
FY18
CRM $10.5B
ORCL $39.4B
FY19
CRM $13.3B
ORCL $39.5B
FY20
CRM $17.1B
ORCL $39.1B
FY21
CRM $21.3B
ORCL $40.5B
FY22
CRM $26.5B
ORCL $42.4B
FY23
CRM $31.4B
ORCL $50.0B
FY24
CRM $34.9B
ORCL $53.0B
FY25
CRM $37.9B
ORCL $57.4B
FY26
CRM $41.5B
ORCL $67.4B
CRM
ORCL
Operating margin
FY17
CRM 2.6%
ORCL 34.2%
FY18
CRM 4.3%
ORCL 33.7%
FY19
CRM 4.0%
ORCL 34.3%
FY20
CRM 1.7%
ORCL 35.6%
FY21
CRM 2.1%
ORCL 37.6%
FY22
CRM 2.1%
ORCL 25.7%
FY23
CRM 3.3%
ORCL 26.2%
FY24
CRM 14.4%
ORCL 29.0%
FY25
CRM 19.0%
ORCL 30.8%
FY26
CRM 20.1%
ORCL 30.6%
CRM
ORCL
Free cash flow
FY17
CRM $1.7B
ORCL $12.1B
FY18
CRM $2.2B
ORCL $13.7B
FY19
CRM $2.8B
ORCL $12.9B
FY20
CRM $3.7B
ORCL $11.6B
FY21
CRM $4.1B
ORCL $13.8B
FY22
CRM $5.3B
ORCL $5.0B
FY23
CRM $6.3B
ORCL $8.5B
FY24
CRM $9.5B
ORCL $11.8B
FY25
CRM $12.4B
ORCL −$394M
FY26
CRM $14.4B
ORCL −$23.7B
CRM
ORCL
Return on capital
FY17
CRM 3.8%
ORCL 14.0%
FY18
CRM 5.0%
ORCL 11.3%
FY19
CRM 4.9%
ORCL 32.0%
FY20
CRM 0.7%
ORCL 28.5%
FY21
CRM 1.5%
ORCL 35.8%
FY22
CRM 1.1%
ORCL —
FY23
CRM 0.9%
ORCL 45.0%
FY24
CRM 7.4%
ORCL 16.4%
FY25
CRM 10.7%
ORCL 16.3%
FY26
CRM 10.8%
ORCL 14.2%
CRM
ORCL
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.