Technology • Enterprise Application Software & Agentic CRM • SIC 7372
$229.17 ▼ -1.73
(-0.75%)
MKT CAP: $191.96B • VOL: 7.89M
52W L $146 52W H $269
CRM // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>)
SOURCE: Form 10-K (FY2026) // Item 1 Hyperforce Public Cloud Architecture
01 // UPSTREAM SUPPLIERS & FOUNDRIES
AMZN <GO>
CRITICAL
Amazon Web Services (AWS Hyperforce)
FOUNDRY / INFRA • Primary Public Cloud Hosting Backbone for Hyperforce & Data Cloud
EST. COGS / CAPEX SHARE 60%
EVIDENCE: 10-K Note 13 Multi-Year Public Cloud Infrastructure Commitments
GOOGL <GO>
HIGH
Google Cloud Platform (GCP)
FOUNDRY / INFRA • Secondary Hyperforce Cloud Hosting & Vertex Model Integration
EST. COGS / CAPEX SHARE 20%
EVIDENCE: 10-K Public Cloud Hosting & AI Partnership Disclosures
CORE VALUE-CHAIN HUB NYSE
CRM // Salesforce, Inc.
GROSS MARGIN
77.3%
OP MARGIN
19.9%
ROIC %
9.9%
MKT CAP
$191.96B
UPSTREAM INPUTS ──► CRM OPERATING ENGINE ──► CUSTOMER REVENUE
03 // DOWNSTREAM REVENUE CUSTOMERS
JPM <GO>
REV SHARE: ~22%
Global Financial Services Cloud Enterprises
CUSTOMER • Wealth Management, Retail Banking CRM & MuleSoft APIs
EVIDENCE: 10-K Subscription & Support Vertical Industry Mix
WMT <GO>
REV SHARE: ~28%
Retail, Consumer & Healthcare Enterprise Accounts
CUSTOMER • Commerce Cloud, Service Cloud & Agentforce Seat Subscriptions
EVIDENCE: 10-K Remaining Performance Obligations ($63B+ Total RPO)
DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX
LIVE DB CROSS-COMPARISON
| TICKER | COMPANY | LAST | MKT CAP | GROSS MGN | OP MGN | ROIC % | EV/EBITDA | REV YOY | HEAD-TO-HEAD |
|---|---|---|---|---|---|---|---|---|---|
| CRM ★ | Salesforce, Inc. | $229.17 | $191.96B | 77.3% | 19.9% | 9.9% | 19.0x | +11.2% | SUBJECT ISSUER |
| MSFT | Microsoft Corporation | $521.91 | $3.88T | 67.7% | 47.1% | 26.5% | 19.9x | +17.9% | CRM VS MSFT <GO> |
| ORCL | Oracle Corporation | $130.67 | $405.97B | — | 32.1% | 11.4% | 17.9x | +21.6% | CRM VS ORCL <GO> |
| AAPL | Apple Inc. | $344.63 | $5.07T | 48.6% | 33.2% | 81.4% | 30.3x | +14.2% | CRM VS AAPL <GO> |
| NVDA | NVIDIA Corporation | $204.64 | $4.98T | 74.7% | 65.2% | 65.1% | 23.4x | +83.4% | CRM VS NVDA <GO> |
| AVGO | Broadcom Inc. | $326.08 | $1.55T | 68.8% | 48.0% | 24.7% | 34.1x | +48.7% | CRM VS AVGO <GO> |
| AMD | Advanced Micro Devices, Inc. | $504.80 | $811.65B | 53.2% | 15.7% | 7.8% | 113.5x | +39.5% | CRM VS AMD <GO> |