CRCL vs. CRM: Circle Internet vs. Salesforce Stock Comparison

November 11, 2026

How do Circle Internet (CRCL) and Salesforce (CRM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Circle Internet (CRCL) and Salesforce (CRM) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.

Salesforce (CRM) carries decades of public-market history since June 23, 2004, while Circle Internet (CRCL) listed on June 5, 2025 — long-window comparisons have far more historical data on the CRM side.

Company profile comparison for Circle Internet (CRCL) and Salesforce (CRM)
Profile Item	CRCL	CRM
Name	Circle Internet Group, Inc. Class A	Salesforce, Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Software & Services
GICS Industry	Software	Software
GICS Sub-Industry	Application Software	Application Software
Market Capitalization	17.41 billion USD	175.83 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 5, 2025	June 23, 2004
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CRCL

CRM

GSPC

Circle Internet (CRCL) vs. Salesforce (CRM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Circle Internet (CRCL) and Salesforce (CRM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Circle Internet (CRCL) and Salesforce (CRM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Circle Internet (CRCL) and Salesforce (CRM)
Metric	CRCL	CRM
Total Return (1Y)	-33.88%	-9.04%
Total Return (3Y, Annualized)	--	1.64%
Total Return (5Y, Annualized)	--	-6.57%

Risk Profile

Drawdown History

CRCL

CRM

GSPC

Circle Internet (CRCL) vs. Salesforce (CRM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Circle Internet (CRCL) and Salesforce (CRM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Circle Internet (CRCL) and Salesforce (CRM)
Metric	CRCL	CRM
Volatility (1Y, Annualized)	96.01%	47.53%
Beta (5Y)	0.84	1.24
Max Drawdown (5Y)	-80.93%	-58.67%
Avg. Volume (3M)	12.74M	11.36M

Risk-Adjusted Performance

Risk-Return Positioning

CRCL and CRM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Circle Internet (CRCL) and Salesforce (CRM)
Metric	CRCL	CRM
Sharpe Ratio (1Y)	-0.40	-0.28
Sortino Ratio (1Y)	-0.61	-0.45

Profitability

ROE (TTM)

Salesforce (CRM) at 19.38% sits in the top ROE quartile, while Circle Internet (CRCL) at 13.44% is closer to the peer norm — stronger capital efficiency for CRM.

CRCL

Software & Services industry group

13.44%

Max: 53.85%
Q3: 17.90%
CRCL: 13.44%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

CRM

Software & Services industry group

19.38%

Max: 53.85%
CRM: 19.38%
Q3: 17.90%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Salesforce (CRM) at 21.99% retains a top-quartile share of revenue as profit, ahead of Circle Internet (CRCL) at 15.28%, which keeps about the industry-typical share.

CRCL

Software & Services industry group

15.28%

Max: 41.17%
CRCL: 15.28%
Q3: 15.28%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

CRM

Software & Services industry group

21.99%

Max: 41.17%
CRM: 21.99%
Q3: 15.28%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Both Circle Internet (CRCL) at 24.09% and Salesforce (CRM) at 21.38% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

CRCL

Software & Services industry group

24.09%

Max: 46.89%
CRCL: 24.09%
Q3: 17.64%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

CRM

Software & Services industry group

21.38%

Max: 46.89%
CRM: 21.38%
Q3: 17.64%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Circle Internet (CRCL) and Salesforce (CRM)
Metric	CRCL	CRM
ROE (TTM)	13.44%	19.38%
ROA (TTM)	0.28%	5.70%
Net Margin (TTM)	15.28%	21.99%
Operating Margin (TTM)	24.09%	21.38%
Gross Margin (TTM)	26.58%	77.28%

Growth

Revenue Growth

Circle Internet (CRCL) at 63.86% clears its industry range for revenue growth, far stronger top-line momentum than Salesforce (CRM) at 9.58%, which is closer to a typical peer reading.

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Salesforce (CRM) at 22.64% is around its peer norm for EPS growth, while Circle Internet (CRCL) at -640.54% falls below its industry range, a notably weak earnings reading.

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Circle Internet (CRCL) and Salesforce (CRM)
Metric	CRCL	CRM
Revenue Growth (YoY)	63.86%	9.58%
Revenue Growth (3Y CAGR)	52.66%	9.82%
EPS Growth (YoY)	-640.54%	22.64%
EPS Growth (3Y CAGR)	--	233.65%

Financial Strength

Current Ratio (MRQ)

Circle Internet (CRCL) at 1.04 keeps current ratio within its industry’s typical mid-range, while Salesforce (CRM) at 0.84 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CRM.

CRCL

Software & Services industry group

1.04

Max: 5.11
Q3: 2.77
Median: 1.67
CRCL: 1.04
Q1: 1.01
Min: 0.03

CRM

Software & Services industry group

0.84

Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
CRM: 0.84
Min: 0.03

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Circle Internet (CRCL) at 0.00 keeps leverage in the lower industry quartile, while Salesforce (CRM) at 1.10 runs a more typical debt-to-equity mix.

CRCL

Software & Services industry group

0.00

Max: 2.52
Q3: 1.13
Median: 0.40
Q1: 0.07
CRCL: 0.00
Min: 0.00

CRM

Software & Services industry group

1.10

Max: 2.52
Q3: 1.13
CRM: 1.10
Median: 0.40
Q1: 0.07
Min: 0.00

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Circle Internet (CRCL) and Salesforce (CRM)
Metric	CRCL	CRM
Current Ratio (MRQ)	1.04	0.84
Debt / Equity (MRQ)	0.00	1.10
Net Debt / EBITDA	-4.68	2.40

Dividends

Dividend Yield (TTM)

Circle Internet (CRCL) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Salesforce (CRM) reports a yield of 0.77%, ranking against industry peers normally.

CRCL

Software & Services industry group

0.00%

CRCL: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CRM

Software & Services industry group

0.77%

CRM: 0.77%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Circle Internet (CRCL) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Salesforce (CRM) reports a payout of 15.66%, ranking against industry peers normally.

CRCL

Software & Services industry group

0.00%

CRCL: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CRM

Software & Services industry group

15.66%

CRM: 15.66%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Circle Internet (CRCL) and Salesforce (CRM)
Metric	CRCL	CRM
Dividend Yield (TTM)	0.00%	0.77%
Dividend Payout Ratio (TTM)	0.00%	15.66%

Valuation

P/E Ratio (TTM)

Both Circle Internet (CRCL) at 40.89 and Salesforce (CRM) at 19.55 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CRCL

Software & Services industry group

40.89

Max: 112.94
Q3: 60.32
CRCL: 40.89
Median: 32.91
Q1: 18.77
Min: 6.69

CRM

Software & Services industry group

19.55

Max: 112.94
Q3: 60.32
Median: 32.91
CRM: 19.55
Q1: 18.77
Min: 6.69

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their P/E ratio against the Software & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Circle Internet (CRCL) at 5.75 and Salesforce (CRM) at 4.00 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CRCL

Software & Services industry group

5.75

Max: 17.91
Q3: 8.78
CRCL: 5.75
Median: 4.25
Q1: 2.23
Min: 0.02

CRM

Software & Services industry group

4.00

Max: 17.91
Q3: 8.78
Median: 4.25
CRM: 4.00
Q1: 2.23
Min: 0.02

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Circle Internet (CRCL) at 4.50 and Salesforce (CRM) at 4.58 are valued close to their industries’ norm against book — neither stands out from peers.

CRCL

Software & Services industry group

4.50

Max: 16.63
Q3: 8.50
CRCL: 4.50
Median: 4.30
Q1: 1.92
Min: -3.90

CRM

Software & Services industry group

4.58

Max: 16.63
Q3: 8.50
CRM: 4.58
Median: 4.30
Q1: 1.92
Min: -3.90

Circle Internet (CRCL) vs. Salesforce (CRM): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Circle Internet (CRCL) and Salesforce (CRM)
Metric	CRCL	CRM
P/E Ratio (TTM)	40.89	19.55
P/S Ratio (TTM)	5.75	4.00
P/B Ratio (MRQ)	4.50	4.58
Free Cash Flow Yield (TTM)	1.43%	10.08%