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Strategy (MSTR)
NASDAQ:MSTR
US Market
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Strategy (MSTR) Ratios

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Strategy Ratios

MSTR's free cash flow for Q2 2025 was $0.69. For the 2025 fiscal year, MSTR's free cash flow was decreased by $ and operating cash flow was $122.49. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.68 0.83 0.83 0.86 0.95
Quick Ratio
0.68 0.83 0.81 0.86 0.95
Cash Ratio
0.16 0.14 0.14 0.20 0.21
Solvency Ratio
0.33 0.17 -0.52 -0.20 0.02
Operating Cash Flow Ratio
-0.30 0.04 0.01 0.30 0.19
Short-Term Operating Cash Flow Coverage
-273.90 26.32 7.07 0.00 4.96
Net Current Asset Value
$ -14.19B$ -2.33B$ -2.53B$ -2.31B$ -639.95M
Leverage Ratios
Debt-to-Assets Ratio
0.13 0.47 1.01 0.63 0.39
Debt-to-Equity Ratio
0.16 1.04 -6.39 2.28 1.03
Debt-to-Capital Ratio
0.14 0.51 1.19 0.70 0.51
Long-Term Debt-to-Capital Ratio
0.14 0.50 1.19 0.69 0.47
Financial Leverage Ratio
1.29 2.20 -6.29 3.63 2.65
Debt Service Coverage Ratio
69.90 9.96 -26.23 -16.98 1.50
Interest Coverage Ratio
95.72 -2.35 0.11 30.08 70.44
Debt to Market Cap
0.09 0.25 1.48 0.40 0.13
Interest Debt Per Share
31.15 16.85 22.08 22.56 5.91
Net Debt to EBITDA
1.23 -36.16 -1.91 -2.81 78.58
Profitability Margins
Gross Profit Margin
70.10%77.85%79.37%82.01%81.06%
EBIT Margin
1433.54%-15.23%-254.24%-153.15%11.87%
EBITDA Margin
1439.33%-12.30%-252.06%-150.93%1.35%
Operating Profit Margin
1440.90%-23.18%1.22%171.65%26.58%
Pretax Profit Margin
1418.48%-25.09%-264.88%-158.86%-4.15%
Net Profit Margin
1036.61%86.47%-294.39%-104.84%-1.57%
Continuous Operations Profit Margin
1036.61%86.47%-294.39%-104.84%-1.57%
Net Income Per EBT
73.08%-344.61%111.14%66.00%37.71%
EBT Per EBIT
98.44%108.24%-21740.34%-92.55%-15.62%
Return on Assets (ROA)
7.40%9.01%-60.98%-15.05%-0.51%
Return on Equity (ROE)
18.10%19.82%383.64%-54.70%-1.36%
Return on Capital Employed (ROCE)
10.33%-2.59%0.29%27.02%10.83%
Return on Invested Capital (ROIC)
7.55%8.81%0.32%17.83%4.22%
Return on Tangible Assets
1167.14%37.77%-257.75%-75.75%-1.83%
Earnings Yield
5.46%4.97%-91.69%-9.81%-0.20%
Efficiency Ratios
Receivables Turnover
3.92 2.70 2.64 2.70 2.43
Payables Turnover
3.13 3.37 2.40 1.99 2.65
Inventory Turnover
0.00 0.00 14.64 0.00 91.06M
Fixed Asset Turnover
5.65 5.75 5.33 4.94 4.12
Asset Turnover
<0.01 0.10 0.21 0.14 0.33
Working Capital Turnover Ratio
-4.48 -9.17 -10.31 -17.92 2.04
Cash Conversion Cycle
-23.70 26.88 10.99 -47.75 12.41
Days of Sales Outstanding
93.06 135.20 138.38 135.26 149.92
Days of Inventory Outstanding
0.00 0.00 24.93 0.00 <0.01
Days of Payables Outstanding
116.76 108.32 152.31 183.01 137.52
Operating Cycle
93.06 135.20 163.30 135.26 149.92
Cash Flow Ratios
Operating Cash Flow Per Share
-0.36 0.09 0.03 0.94 0.55
Free Cash Flow Per Share
-128.63 -13.84 -2.54 -25.30 -11.10
CapEx Per Share
128.27 13.94 2.57 26.24 11.65
Free Cash Flow to Operating Cash Flow
357.81 -148.88 -89.44 -27.02 -20.05
Dividend Paid and CapEx Coverage Ratio
>-0.01 <0.01 0.01 0.04 0.05
Capital Expenditure Coverage Ratio
>-0.01 <0.01 0.01 0.04 0.05
Operating Cash Flow Coverage Ratio
-0.01 <0.01 <0.01 0.04 0.09
Operating Cash Flow to Sales Ratio
-0.21 0.03 <0.01 0.18 0.11
Free Cash Flow Yield
-36.63%-21.92%-17.92%-46.47%-28.57%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
18.30 20.12 -1.09 -10.19 -500.03
Price-to-Sales (P/S) Ratio
201.96 17.40 3.21 10.68 7.83
Price-to-Book (P/B) Ratio
1.74 3.99 -4.18 5.57 6.80
Price-to-Free Cash Flow (P/FCF) Ratio
-2.73 -4.56 -5.58 -2.15 -3.50
Price-to-Operating Cash Flow Ratio
-917.69 679.25 499.24 58.14 70.17
Price-to-Earnings Growth (PEG) Ratio
0.11 -0.16 >-0.01 >-0.01 4.07
Price-to-Fair Value
1.74 3.99 -4.18 5.57 6.80
Enterprise Value Multiple
15.26 -177.63 -3.18 -9.89 657.12
Enterprise Value
101.53B 10.84B 4.01B 7.62B 4.27B
EV to EBITDA
15.26 -177.63 -3.18 -9.89 657.12
EV to Sales
219.62 21.85 8.02 14.93 8.89
EV to Free Cash Flow
-2.97 -5.73 -13.95 -3.01 -3.98
EV to Operating Cash Flow
-1.06K 852.89 1.25K 81.25 79.70
Tangible Book Value Per Share
-52.62 -10.69 -19.64 -18.68 -5.18
Shareholders’ Equity Per Share
189.43 15.84 -3.38 9.77 5.71
Tax and Other Ratios
Effective Tax Rate
0.27 4.45 -0.11 0.34 0.62
Revenue Per Share
1.74 3.63 4.41 5.10 4.96
Net Income Per Share
18.02 3.14 -12.98 -5.34 -0.08
Tax Burden
0.73 -3.45 1.11 0.66 0.38
Interest Burden
0.99 1.65 1.04 1.04 -0.35
Research & Development to Revenue
0.23 0.24 0.26 0.23 0.22
SG&A to Revenue
0.32 0.23 0.22 0.19 0.17
Stock-Based Compensation to Revenue
0.14 0.14 0.13 0.09 0.02
Income Quality
-0.02 0.03 >-0.01 -0.18 -7.13
Currency in USD
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