CXM vs SAP vs FRSH Stock Comparison

Sprinklr, Sap Se and Freshworks Prices as of Nov 3, 2026 Peers: Industry group
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CXM Sprinklr, Inc.
$6.72 +29.2% 1M -13.0% 1Y
Market cap
$1.62B
P/E
69.8x
Revenue (TTM)
$872.88M
Div. yield
–
CRM and Sales Software Technology
1 win
SAP Sap Se
$230.25 +10.4% 1M -12.8% 1Y
Market cap
$279.58B
P/E
29.3x
Revenue (TTM)
$45.76B
Div. yield
–
ERP Software Technology
3 wins
FRSH Freshworks Inc.
$14.15 +10.7% 1M +26.6% 1Y
Market cap
$3.49B
P/E
16.7x
Revenue (TTM)
$934.18M
Div. yield
–
CRM and Sales Software Technology
5 wins

Head to Head

9 decided of 12

Freshworks leads on 5 of the 12 questions below (Freshworks 5, Sap Se 3, Sprinklr 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCXMSAPFRSHLeader
Larger companyMarket capitalisation $1.62B $279.58B $3.49B SAP
Cheaper on earningsLower P/E, profitable companies only 69.8x 29.3x 16.7x FRSH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.7x 27.0x 20.5x CXM
Faster revenue growthRevenue growth, trailing twelve months +6.3% +13.5% +15.2% FRSH
More profitableNet margin, trailing twelve months 2.7% 20.8% 22.3% FRSH
Better return on capitalReturn on invested capital — 35.6% — –
Less leveragedLower net debt / EBITDA — -0.4x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -13.0% -12.8% +26.6% FRSH
Better 5-year returnAnnualised price return, 5 years -17.6%/yr +9.1%/yr -18.6%/yr SAP
Less volatileAnnualised volatility, 1 year 44.8% 39.1% 50.7% SAP
Higher overall scoreMean of the five percentile scores vs peers 66/100 63/100 79/100 FRSH

Percentile Scorecard

CXMSAPFRSH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCXMSAPFRSH
Valuation 80 #21 of 100 51 #50 of 100 73 #28 of 100
Growth 47 #53 of 99 66 #34 of 99 93 #8 of 99
Profitability 63 #36 of 96 92 #9 of 96 79 #21 of 96
Financial Health 62 #43 of 112 79 #24 of 112 78 #26 of 112
Shareholder Returns 80 #14 of 67 27 #49 of 67 71 #20 of 67
Overall 66 63 79
  • CXM ranked among 114 companies in Business Applications
  • SAP ranked among 114 companies in Business Applications
  • FRSH ranked among 114 companies in Business Applications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCXMSAPFRSHSPY
1 month +29.2%+10.4%+10.7% -2.0%
3 months +0.9%+17.7%+17.5% -2.2%
6 months +23.8%+33.6%+54.0% +4.2%
Year to date -13.6%-5.2%+15.5% +10.6%
1 year -13.0%-12.8%+26.6% +10.4%
3 years -53.5%+65.7%-25.5% +73.6%
3 years, per year -22.5%+18.3%-9.4% +20.2%
5 years -62.0%+54.6%-64.3% +61.6%
5 years, per year -17.6%+9.1%-18.6% +10.1%
10 years —+171.8%— +261.3%
10 years, per year —+10.5%— +13.7%

Risk

MeasureCXMSAPFRSHSPY
Volatility, 1Y 44.8%39.1%50.7% 12.8%
Downside volatility, 1Y 48.9%40.2%53.9% 12.8%
Beta vs S&P 500, 1Y 0.190.610.62 1.00
Return / volatility, 1Y -0.29-0.330.52 0.81
Max drawdown, 5Y -74.2%-53.2%-83.1% -25.4%
From 52-week high -18.2%-12.8%-8.7% -3.2%
52-week high $8.22$263.96$15.49 $779.14
52-week low $4.82$146.09$6.88 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCXMSAPFRSH
P/E now vs peer median 68.4xmedian 27.1x 28.2xmedian 27.1x 17.8xmedian 27.1x
P/S now vs peer median 1.8xmedian 2.8x 6.2xmedian 2.8x 4.0xmedian 2.8x
EV/EBITDA now vs peer median 20.9xmedian 16.6x 11.6xmedian 16.6x 22.7xmedian 16.6x
P/FCF now vs peer median 12.5xmedian 15.7x 26.7xmedian 15.7x 15.0xmedian 15.7x
P/B now vs peer median 3.1xmedian 2.8x 5.4xmedian 2.8x 4.1xmedian 2.8x
PEG now vs peer median 1.14median 0.87 1.76median 0.87 0.35median 0.87

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCXMSAPFRSH
Revenue $872.88M $45.76B $934.18M
Gross profit $572.53M $33.40B $795.23M
Operating income $46.29M $22.06B $65.96M
Net income $23.16M $9.47B $208.17M
Free cash flow $127.75M $10.59B $246.94M
R&D $97.82M $8.26B $179.59M
EPS (diluted) $0.10 $8.11 $0.78
Cash & equivalents $231.42M $10.62B $466.65M
Total debt – $9.68B –
Shares (diluted) 237.84M 1.18B 266.40M
Enterprise value $868.61M $206.98B $565.55M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCXMSAPFRSH
P/E 68.4x 28.2x 17.8x
P/FCF 12.5x 26.7x 15.0x
P/Operating cash flow 12.3x 24.6x 14.2x
P/S 1.8x 6.2x 4.0x
P/B 3.1x 5.4x 4.1x
P/Tangible book 3.1x 5.7x 4.5x
EV/EBITDA 20.9x 11.6x 22.7x
EV/EBIT 29.4x 12.4x 45.6x
EV/Revenue 1.6x 6.0x 3.2x
EV/FCF 10.7x 25.7x 12.2x
EV/Operating cash flow 10.5x 23.7x 11.5x
PEG (3Y EPS CAGR) 1.14 1.76 0.35

Growth

14 metrics
MetricCXMSAPFRSH
Revenue growth (1Y) 6.3% 13.5% 15.2%
Revenue CAGR (3Y) 9.0% 11.7% 17.9%
Gross profit growth (1Y) -0.3% 12.6% 15.7%
Gross profit CAGR (3Y) 4.0% 12.1% 19.3%
Operating income growth (1Y) 40.8% 30.9% 231.1%
Operating income CAGR (3Y) 136.5% 52.1% 32.9%
Net income growth (1Y) -80.7% 18.5% 802.7%
Net income CAGR (3Y) 50.7% 16.4% 48.3%
EPS growth (1Y) -78.7% 22.0% 854.9%
EPS CAGR (3Y) 59.9% 16.0% 50.3%
Operating cash flow growth (1Y) -3.0% 43.3% 17.9%
Operating cash flow CAGR (3Y) 31.5% 19.0% 61.0%
Free cash flow growth (1Y) -2.3% 46.4% 16.0%
Free cash flow CAGR (3Y) 37.9% 21.7% 60.6%

Profitability

14 metrics
MetricCXMSAPFRSH
Gross margin 65.6% 73.0% 85.1%
EBITDA margin 7.5% 51.5% 14.2%
Operating margin 5.3% 48.2% 7.1%
Pretax margin 7.7% 29.2% 8.9%
Net margin 2.7% 20.8% 22.3%
FCF margin 14.6% 23.1% 26.4%
Operating cash flow margin 14.8% 25.1% 27.9%
Return on equity 4.6% 18.5% 23.0%
Return on assets 2.2% 11.2% 13.9%
Return on invested capital – 35.6% –
Return on capital employed 8.0% 34.0% 6.8%
Asset turnover 0.8x 0.5x 0.6x
Cash conversion (OCF / net income) 5.6x 1.2x 1.3x
Stock comp / revenue 9.4% 3.9% 12.6%

Financial Health

11 metrics
MetricCXMSAPFRSH
Debt / assets – 11.2% –
Debt / equity – 0.2x –
Net debt / EBITDA – -0.4x –
Debt / FCF – 0.9x –
Liabilities / assets 50.6% 39.1% 38.9%
Equity / assets 49.4% 60.9% 61.1%
Interest coverage – 8.3x –
Current ratio 1.6x 1.2x 1.8x
Quick ratio 0.9x 0.9x 1.6x
Cash ratio 0.5x 0.9x 1.3x
Altman Z-score 2.69 7.36 1.60

Shareholder Returns

7 metrics
MetricCXMSAPFRSH
Dividend yield – 1.3% –
Net buyback yield 8.1% -0.1% 6.2%
Shareholder yield 8.1% 1.2% 6.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCXMSAPFRSH
Forward P/E 13.7xFY2026 27.0xFY2026 20.5xFY2026
EPS, next fiscal year $0.49FY2026 $8.52FY2026 $0.69FY2026
EPS growth, next FY 0.0%FY2026 +16.1%FY2026 +4.5%FY2026
EPS growth, the year after +6.1% +4.9% +23.2%
Revenue, next fiscal year $812.15MFY2026 $42.86BFY2026 $1.01BFY2026
Revenue growth, next FY -5.3%FY2026 -2.4%FY2026 +20.3%FY2026
Revenue growth, the year after +3.8% +14.3% +15.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCXMSAPFRSH
Held by institutions 93.9% 7.2% 87.8%
Institutions holding 266 816 341
Change in shares held, QoQ -17.2% -3.0% +0.7%
Institutions buying 131 458 217
Institutions selling 100 243 74
Buyers to sellers 1.31 1.88 2.93

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CXMSAPFRSH
CXM 1.00 0.53 0.69
SAP 0.53 1.00 0.64
FRSH 0.69 0.64 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CXM, SAP and FRSH?

Sap Se (SAP) is the largest by market capitalisation: Sprinklr (CXM) $1.62B, Sap Se (SAP) $279.58B, Freshworks (FRSH) $3.49B.

Which stock is cheaper, CXM, SAP and FRSH?

Freshworks (FRSH) trades on the lowest price-to-earnings ratio (Sprinklr (CXM) 69.8x, Sap Se (SAP) 29.3x, Freshworks (FRSH) 16.7x). On next year's consensus earnings, Sprinklr (CXM) is cheapest (Sprinklr (CXM) 13.7x, Sap Se (SAP) 27.0x, Freshworks (FRSH) 20.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Freshworks (FRSH) grew revenue fastest over the trailing twelve months: Sprinklr (CXM) +6.3%, Sap Se (SAP) +13.5%, Freshworks (FRSH) +15.2%.

Which company is more profitable?

Freshworks (FRSH) has the highest net margin (Sprinklr (CXM) 2.7%, Sap Se (SAP) 20.8%, Freshworks (FRSH) 22.3%).

Which stock has performed better?

Over the past year Freshworks (FRSH) returned the most: Sprinklr (CXM) -13.0%, Sap Se (SAP) -12.8%, Freshworks (FRSH) +26.6%. Over five years, Sap Se (SAP) compounded fastest (Sprinklr (CXM) -17.6%/yr, Sap Se (SAP) +9.1%/yr, Freshworks (FRSH) -18.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Sap Se (SAP) has been the steadiest (Sprinklr (CXM) 44.8%, Sap Se (SAP) 39.1%, Freshworks (FRSH) 50.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CXM, SAP and FRSH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Freshworks (FRSH) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.