How this CRM vs MU comparison is calculated

All metrics are based on trailing twelve months (TTM) financial data, consensus analyst estimates, and standardized valuation ratios. Data is sourced from Financial Modeling Prep and SEC EDGAR. Figures are normalized to ensure a fair comparison between Salesforce, Inc. and Micron Technology, Inc.. Analyst price targets and ratings are aggregated from Wall Street consensus as of 2026-05-26.

Quick verdict: Salesforce, Inc. vs Micron Technology, Inc. in 2026

Micron Technology, Inc. demonstrates superior growth momentum with its significant topline expansion, while Salesforce, Inc. maintains a more modest, yet stable, expansion rate. From a valuation perspective, CRM appears to offer a more compelling entry point with a lower earnings multiple and substantial implied upside. Conversely, MU outshines in profitability metrics, showcasing robust net and EBITDA margins. Wall Street analysts show a slight preference for Micron Technology, Inc. in terms of overall buy recommendations, however, Salesforce, Inc. is projected to have substantially higher price target and discounted cash flow upside. Not investment advice.

Salesforce, Inc. vs Micron Technology, Inc.: key metrics side by side

A full side-by-side look at Salesforce, Inc. (CRM) and Micron Technology, Inc. (MU) across earnings multiples, profitability, revenue momentum, and analyst sentiment — data updated 2026-05-26.

Relative valuation: CRM vs MU

When assessing the relative valuation of Salesforce, Inc. and Micron Technology, Inc., a clear divergence emerges. CRM stock trades at a price-to-earnings multiple of 22.58x, which is significantly lower than MU’s earnings multiple of 35.04x. This suggests that the market is assigning a more modest current earnings valuation to Salesforce, Inc. Furthermore, the price-to-book ratio highlights this gap even more starkly, with CRM at 2.85x compared to Micron Technology, Inc.’s considerably higher 11.66x. These figures imply that CRM could be trading at a fundamental discount relative to its asset base and earnings power compared to its semiconductor counterpart.

The discounted cash flow (DCF) analysis further reinforces this valuation outlook. Salesforce, Inc. shows a substantial DCF upside potential of +47.3%, indicating that its intrinsic value, based on future cash flows, is considerably above its current trading price. In contrast, MU stock exhibits a negative DCF upside of -40.6%, suggesting that its current market price of $751 exceeds its calculated fair value. Similarly, the Wall Street consensus price target for CRM implies an impressive upside of +59.4% to $287, while for Micron Technology, Inc., the target of $499.68 implies a downside of -33.5%. Based on current consensus data, these metrics collectively suggest that CRM carries a more attractive valuation and offers greater potential for price appreciation from its present level, appealing to value-oriented investors seeking a margin of safety.

Revenue momentum: Salesforce, Inc. vs Micron Technology, Inc.

Regarding revenue momentum, Micron Technology, Inc. stands out as the clear leader. MU has posted an impressive year-over-year topline expansion of +48.9%, a robust figure that reflects strong demand in its core memory and storage markets. This rapid increase in sales vastly outperforms the growth rate of Salesforce, Inc., which recorded a more moderate +9.6% revenue increase. The semiconductor industry, characterized by cyclical but often explosive demand, has propelled Micron Technology, Inc.’s recent financial performance, showcasing its ability to capitalize on market opportunities.

Beyond just sales growth, the operational efficiency during this expansion also differentiates the two technology giants. Micron Technology, Inc. exhibits an extraordinary EBITDA margin of 63.91%, demonstrating excellent control over its operating costs relative to its revenue. Salesforce, Inc., while maintaining a healthy EBITDA margin of 30.64%, lags behind MU in this metric. This fundamental divergence in margin performance, alongside the disparate revenue trajectories, indicates that MU currently possesses a stronger growth trajectory and superior operational leverage. While market conditions can shift rapidly, and this gap may not persist indefinitely, Micron Technology, Inc.’s recent performance indicates a significantly more dynamic growth profile.

Profitability and cash generation: CRM vs MU

When examining profitability, Micron Technology, Inc. demonstrates superior efficiency in converting revenue into profit. MU reports an impressive net margin of 41.49%, signifying that a substantial portion of its revenue trickles down to the bottom line after all expenses. This strong profitability is a testament to Micron Technology, Inc.’s cost management and pricing power within its specialized semiconductor segments. Salesforce, Inc., while still profitable, has a net margin of 17.96%. Although a solid figure for a software company, it indicates that CRM’s operational profitability, after all deductions, is less than half that of its peer.

Shifting focus to cash generation, the picture changes, with Salesforce, Inc. showcasing a stronger free cash flow yield. CRM commands an 8.42% free cash flow yield, meaning it generates a healthy amount of cash relative to its enterprise value, which is crucial for reinvestment, debt repayment, or potential shareholder returns. In contrast, MU’s free cash flow yield stands at a considerably lower 1.21%. This suggests that despite its higher net and EBITDA margins, Micron Technology, Inc. is less efficient at converting its earnings into readily available cash that can be freely deployed by the business, perhaps due to higher capital expenditure requirements inherent in the semiconductor manufacturing industry. While the return on equity (ROE) for both companies is currently not available, CRM’s superior cash conversion positions it favorably for investors prioritizing free cash flow generation.

Wall Street view: Salesforce, Inc. vs Micron Technology, Inc. analyst ratings

The sentiment among Wall Street analysts provides another layer of insight into Salesforce, Inc. and Micron Technology, Inc. For CRM, a significant majority of analysts, specifically 76.3%, have issued a “Buy” rating on the stock. Their collective conviction is reflected in a consensus price target of $287, which represents a substantial implied upside of +59.4% from its current price of $180.07. This strong endorsement and aggressive price target suggest that analysts perceive considerable untapped value or growth potential in Salesforce, Inc., anticipating a robust appreciation in its share price.

Micron Technology, Inc., on the other hand, garners an even higher percentage of “Buy” ratings from analysts, with 81.4% recommending the purchase of MU stock. This indicates a very positive view on the underlying business fundamentals and market positioning of Micron Technology, Inc. However, despite the higher percentage of buy recommendations, the consensus price target for MU is $499.68, which implies a notable downside of -33.5% from its current price of $751. This intriguing dichotomy suggests that while analysts are broadly optimistic about Micron Technology, Inc.’s long-term prospects, they may believe its current share price has run ahead of its near-term intrinsic value or is reflecting an overly optimistic future outlook. It is important to note that these targets may vary depending on future estimate revisions and market dynamics.

Which investor profile fits CRM vs MU?

For the **growth investor**, Micron Technology, Inc. (MU) presents a more compelling narrative based on recent performance. Its impressive +48.9% year-over-year revenue growth far outpaces Salesforce, Inc.’s (CRM) +9.6% expansion. This indicates that Micron Technology, Inc. is currently operating in a higher-growth segment or effectively capturing market share, making it potentially more appealing for those prioritizing rapid topline expansion and market dynamism. While CRM’s growth is respectable, MU’s trajectory positions it more firmly as a growth-centric investment.

For the **value investor**, Salesforce, Inc. appears to offer a more attractive proposition. CRM stock trades at a price-to-earnings multiple of 22.58x, which is significantly lower than MU’s P/E of 35.04x. This suggests that Salesforce, Inc. is valued more conservatively relative to its current earnings. Crucially, the discounted cash flow (DCF) analysis implies a substantial +47.3% upside for CRM, with an intrinsic value of $265.18, compared to a negative -40.6% downside for MU, where its DCF value stands at $445.97. These metrics collectively signal that CRM might be trading at a more advantageous entry point for investors seeking undervalued assets.

Regarding the **income investor**, neither Salesforce, Inc. nor Micron Technology, Inc. are particularly strong candidates. CRM stock offers a negligible dividend yield of 0.01%, essentially making it a non-factor for income generation. MU, on the other hand, currently provides a 0.0% dividend yield, meaning it distributes no profits back to shareholders in the form of dividends. Therefore, investors primarily seeking regular income streams would likely need to look elsewhere, as both companies focus on reinvesting profits for growth rather than returning capital through dividends. This is not investment advice. Always do your own research.

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