Salesforce

Salesforce’s revenue is highly predictable due to its subscription-based model and large enterprise contracts. The fiscal year 2025 results ($37.9B, +9% YoY) and RPO growth (+11%) illustrate steady growth. Because most customers renew annually (retention >90%), the majority of revenue is contractual and recurring.

This provides visibility into future cash flows. Growth has understandably cooled from its hyper-growth phase; FY26 guidance is 7-8% growth). Nonetheless, the company rides long-term trends in digital transformation and cloud adoption, and frontier areas like AI-driven automation offer an additional layer of optionality.

Overall, the business generates very reliable top-line and free cash flow growth (with +31% FCF growth in FY25), making its revenue fairly predictable.