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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 $0.00. 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
-2.14 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
<0.01 0.47 1.01 0.63 0.39
Debt-to-Equity Ratio
0.03 1.04 -6.39 2.28 1.03
Debt-to-Capital Ratio
0.03 0.51 1.19 0.70 0.51
Long-Term Debt-to-Capital Ratio
0.02 0.50 1.19 0.69 0.47
Financial Leverage Ratio
22.38 2.20 -6.29 3.63 2.65
Debt Service Coverage Ratio
106.96 9.96 -26.23 -16.98 1.50
Interest Coverage Ratio
-16.29K -2.35 0.11 30.08 70.44
Debt to Market Cap
<0.01 0.25 1.48 0.40 0.13
Interest Debt Per Share
0.36 16.85 22.08 22.56 5.91
Net Debt to EBITDA
<0.01 -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
-1607.19%-15.23%-254.24%-153.15%11.87%
EBITDA Margin
1403.56%-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
1023.99%86.47%-294.39%-104.84%-1.57%
Continuous Operations Profit Margin
-218.68%86.47%-294.39%-104.84%-1.57%
Net Income Per EBT
72.19%-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)
7.31%9.01%-60.98%-15.05%-0.51%
Return on Equity (ROE)
32.41%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
7.31%37.77%-257.75%-75.75%-1.83%
Earnings Yield
4.86%4.97%-91.69%-9.81%-0.20%
Efficiency Ratios
Receivables Turnover
3.92 2.70 2.64 2.70 2.43
Payables Turnover
0.00 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
93.06 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
0.00 108.32 152.31 183.01 137.52
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
-74.26 -13.84 -2.54 -25.30 -11.10
CapEx Per Share
73.90 13.94 2.57 26.24 11.65
Free Cash Flow to Operating Cash Flow
206.57 -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
-1.00 <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
-18.99%-21.92%-17.92%-46.47%-28.57%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
20.59 20.12 -1.09 -10.19 -500.03
Price-to-Sales (P/S) Ratio
224.86 17.40 3.21 10.68 7.83
Price-to-Book (P/B) Ratio
33.69 3.99 -4.18 5.57 6.80
Price-to-Free Cash Flow (P/FCF) Ratio
-5.26 -4.56 -5.58 -2.15 -3.50
Price-to-Operating Cash Flow Ratio
-1.02K 679.25 499.24 58.14 70.17
Price-to-Earnings Growth (PEG) Ratio
0.12 -0.16 >-0.01 >-0.01 4.07
Price-to-Fair Value
33.69 3.99 -4.18 5.57 6.80
Enterprise Value Multiple
16.03 -177.63 -3.18 -9.89 657.12
Enterprise Value
104.00B 10.84B 4.01B 7.62B 4.27B
EV to EBITDA
16.03 -177.63 -3.18 -9.89 657.12
EV to Sales
224.96 21.85 8.02 14.93 8.89
EV to Free Cash Flow
-5.27 -5.73 -13.95 -3.01 -3.98
EV to Operating Cash Flow
-1.09K 852.89 1.25K 81.25 79.70
Tangible Book Value Per Share
189.43 -10.69 -19.64 -18.68 -5.18
Shareholders’ Equity Per Share
10.88 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
17.80 3.14 -12.98 -5.34 -0.08
Tax Burden
0.72 -3.45 1.11 0.66 0.38
Interest Burden
-0.88 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
0.08 0.14 0.13 0.09 0.02
Income Quality
0.09 0.03 >-0.01 -0.18 -7.13
Currency in USD
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