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Strategy (MSTR)
NASDAQ:MSTR
US Market

Strategy (MSTR) Ratios

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Strategy Ratios

MSTR's free cash flow for Q3 2025 was $0.70. For the 2025 fiscal year, MSTR's free cash flow was decreased by $ and operating cash flow was $30.23. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.66 0.83 0.83 0.86 0.95
Quick Ratio
0.66 0.83 0.81 0.86 0.95
Cash Ratio
0.17 0.14 0.14 0.20 0.21
Solvency Ratio
0.51 0.17 -0.52 -0.20 0.02
Operating Cash Flow Ratio
-0.19 0.04 0.01 0.30 0.19
Short-Term Operating Cash Flow Coverage
-199.16 26.32 7.07 0.00 4.96
Net Current Asset Value
$ -15.29B$ -2.33B$ -2.53B$ -2.31B$ -639.95M
Leverage Ratios
Debt-to-Assets Ratio
0.11 0.47 1.01 0.63 0.39
Debt-to-Equity Ratio
0.14 1.04 -6.39 2.28 1.03
Debt-to-Capital Ratio
0.12 0.51 1.19 0.70 0.51
Long-Term Debt-to-Capital Ratio
0.12 0.50 1.19 0.69 0.47
Financial Leverage Ratio
1.27 2.20 -6.29 3.63 2.65
Debt Service Coverage Ratio
113.38 9.96 -26.23 -16.98 1.50
Interest Coverage Ratio
156.13 -2.35 0.11 30.08 70.44
Debt to Market Cap
0.17 0.25 1.48 0.40 0.13
Interest Debt Per Share
30.47 16.85 22.08 22.56 5.91
Net Debt to EBITDA
0.74 -36.16 -1.91 -2.81 78.58
Profitability Margins
Gross Profit Margin
70.12%77.85%79.37%82.01%81.06%
EBIT Margin
2311.49%-15.23%-254.24%-153.15%11.87%
EBITDA Margin
2316.76%-12.30%-252.06%-150.93%1.35%
Operating Profit Margin
2312.91%-23.18%1.22%171.65%26.58%
Pretax Profit Margin
2296.67%-25.09%-264.88%-158.86%-4.15%
Net Profit Margin
1667.09%86.47%-294.39%-104.84%-1.57%
Continuous Operations Profit Margin
1667.09%86.47%-294.39%-104.84%-1.57%
Net Income Per EBT
72.59%-344.61%111.14%66.00%37.71%
EBT Per EBIT
99.30%108.24%-21740.34%-92.55%-15.62%
Return on Assets (ROA)
10.75%9.01%-60.98%-15.05%-0.51%
Return on Equity (ROE)
19.76%19.82%383.64%-54.70%-1.36%
Return on Capital Employed (ROCE)
14.99%-2.59%0.29%27.02%10.83%
Return on Invested Capital (ROIC)
10.88%8.81%0.32%17.83%4.22%
Return on Tangible Assets
1915.66%37.77%-257.75%-75.75%-1.83%
Earnings Yield
17.34%4.97%-91.69%-9.81%-0.20%
Efficiency Ratios
Receivables Turnover
4.19 2.70 2.64 2.70 2.43
Payables Turnover
2.91 3.37 2.40 1.99 2.65
Inventory Turnover
0.00 0.00 14.64 0.00 91.06M
Fixed Asset Turnover
6.00 5.75 5.33 4.94 4.12
Asset Turnover
<0.01 0.10 0.21 0.14 0.33
Working Capital Turnover Ratio
-4.50 -9.17 -10.31 -17.92 2.04
Cash Conversion Cycle
-38.17 26.88 10.99 -47.75 12.41
Days of Sales Outstanding
87.15 135.20 138.38 135.26 149.92
Days of Inventory Outstanding
0.00 0.00 24.93 0.00 <0.01
Days of Payables Outstanding
125.32 108.32 152.31 183.01 137.52
Operating Cycle
87.15 135.20 163.30 135.26 149.92
Cash Flow Ratios
Operating Cash Flow Per Share
-0.23 0.09 0.03 0.94 0.55
Free Cash Flow Per Share
-66.65 -13.84 -2.54 -25.30 -11.10
CapEx Per Share
66.42 13.94 2.57 26.24 11.65
Free Cash Flow to Operating Cash Flow
288.20 -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
-0.13 0.03 <0.01 0.18 0.11
Free Cash Flow Yield
-37.65%-21.92%-17.92%-46.47%-28.57%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
5.73 20.12 -1.09 -10.19 -500.03
Price-to-Sales (P/S) Ratio
100.77 17.40 3.21 10.68 7.83
Price-to-Book (P/B) Ratio
0.78 3.99 -4.18 5.57 6.80
Price-to-Free Cash Flow (P/FCF) Ratio
-2.64 -4.56 -5.58 -2.15 -3.50
Price-to-Operating Cash Flow Ratio
-720.53 679.25 499.24 58.14 70.17
Price-to-Earnings Growth (PEG) Ratio
0.08 -0.16 >-0.01 >-0.01 4.07
Price-to-Fair Value
0.78 3.99 -4.18 5.57 6.80
Enterprise Value Multiple
5.09 -177.63 -3.18 -9.89 657.12
Enterprise Value
56.35B 10.84B 4.01B 7.62B 4.27B
EV to EBITDA
5.12 -177.63 -3.18 -9.89 657.12
EV to Sales
118.64 21.85 8.02 14.93 8.89
EV to Free Cash Flow
-3.11 -5.73 -13.95 -3.01 -3.98
EV to Operating Cash Flow
-895.34 852.89 1.25K 81.25 79.70
Tangible Book Value Per Share
-55.44 -10.69 -19.64 -18.68 -5.18
Shareholders’ Equity Per Share
213.55 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
1.75 3.63 4.41 5.10 4.96
Net Income Per Share
29.09 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
0.20 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
0.04 0.14 0.13 0.09 0.02
Income Quality
0.09 0.03 >-0.01 -0.18 -7.13
Currency in USD