Strategy Financial Ratios
NASDAQ: MSTRTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Strategy ratio analysis
Strategy earned a net margin of -806.3% in FY 2025, down from -251.7% a year earlier. Gross margin was 68.7% compared with a median of 80.0% over the prior 9 years. Return on equity reached -8.7%, meaning Strategy generated -0.09 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.19 versus 0.23 the year before, and the current ratio was 5.62. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Strategy financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | — | — | 23.92 | — | — | — | 4.31 | 6.62 | 8.31 | 2.46 |
| Price / sales | 91.44 | 141.12 | 17.40 | 3.21 | 1.07 | 0.78 | 0.30 | 0.30 | 0.30 | 0.44 |
| Price / book | 0.99 | 2.11 | 3.99 | — | 0.56 | 0.84 | 0.29 | 0.28 | 0.25 | 0.40 |
| Gross margin | 68.7% | 72.1% | 77.8% | 79.4% | 82.0% | 81.1% | 79.4% | 80.0% | 80.8% | 81.9% |
| Operating margin | -1,140.8% | -399.8% | -23.2% | -255.5% | -153.6% | -2.8% | -0.2% | 0.8% | 14.5% | 21.3% |
| Net margin | -806.3% | -251.7% | 86.5% | -294.4% | -104.8% | -1.6% | 7.1% | 4.5% | 3.6% | 18.0% |
| Free cash flow margin | -15.8% | -12.1% | 2.0% | 0.1% | 17.8% | 10.4% | 10.4% | 0.8% | 14.8% | 21.1% |
| Return on equity (ROE) | -8.7% | -3.8% | 19.8% | — | -54.7% | -1.7% | 6.8% | 4.2% | 3.0% | 16.3% |
| Return on assets (ROA) | -6.2% | -4.5% | 9.0% | -61.0% | -15.1% | -0.5% | 3.7% | 2.6% | 1.9% | 12.0% |
| Debt / equity | 0.19 | 0.23 | 1.01 | — | 2.20 | 1.09 | — | — | — | — |
| Current ratio | 5.62 | 0.71 | 0.83 | 0.83 | 0.86 | 0.95 | 2.79 | 3.01 | 3.18 | 3.69 |
| Revenue growth | 3.0% | -6.6% | -0.6% | -2.3% | 6.2% | -1.1% | -2.3% | -1.2% | -1.9% | -3.1% |
| EPS growth | — | -329.5% | — | — | — | -123.4% | 69.0% | 24.7% | -80.3% | -12.7% |