Strategy Inc Financial Ratios — MSTR Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	11.28	11.13	32.64	1.59	27.17	18.31	3.14	3.96	6.62	-1.42	-69.91	- -	- -	-11.44	-13.57
Return on Assets (%)	4.29	4.41	15.67	0.88	17.43	12.94	2.14	2.52	3.88	-0.63	-21.32	-49.26	11.97	-7.62	-8.8
Return on Capital (%)	11.28	11.13	- -	1.59	27.17	18.31	3.14	- -	6.02	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	11.54	12.84	- -	0.74	26.68	17.57	3.24	- -	-0.16	- -	- -	- -	- -	- -	- -
Gross Margin (%)	75.67	75.06	75.94	76.68	80.92	81.86	80.82	80.01	79.44	81.06	82.01	79.37	77.85	72.06	68.69
EBITDA Margin (%)	7.1	9.82	7.96	5.24	29.3	25.21	17.62	1.54	1.56	-0.06	-151.38	-253.35	-20.26	-395.98	-1,135.48
Operating Margin (%)	3.88	5.85	3.38	3.42	25.35	21.33	14.53	0.8	-0.21	11.87	9.02	2.11	0.16	-13.62	-8.57
Incremental Operating Margin (%)	- -	42.84	- -	10.05	- -	151.99	372.82	1,115.89	44.05	- -	- -	309.18	324.34	194.85	161.19
Pretax Margin (%)	4.69	5.69	2.91	1.91	26.02	22.38	14.19	4.12	7.87	-4.15	-158.86	-264.88	-25.09	-417.37	-1,157.92
Profit Margin (%)	3.34	3.63	14.47	0.87	19.99	17.96	3.61	4.52	7.06	-1.57	-104.84	-294.39	86.47	-251.73	-806.35
Net Income to Common Margin (%)	3.34	3.63	14.47	0.87	19.99	17.96	3.61	4.52	7.06	-1.57	-104.84	-294.39	86.47	-251.73	-886.26
Effective Tax Rate (%)	13.46	30.22	- -	54.44	23.16	19.75	74.54	- -	10.21	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	11.28	11.13	32.64	1.59	27.17	18.31	3.14	3.96	6.62	-1.42	-69.91	- -	- -	-11.44	-13.57

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	103	571	2,232	2,446	2,244	7,248	8,236
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	31
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	103	571	2,232	2,446	2,243	7,248	8,205
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	13.62	-1,947.76	-2.89	-1.93	-22.32	-3.95	-1.52
Net Debt/EBITDA	-5.23	-4.01	-4.8	-4.83	-1.88	-3.11	-4.73	-14.31	-60.16	-1,456.28	-2.71	-1.85	-21.25	-3.9	-1.09
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	-103.22	-41.89	-2.84	-1.92	-19.5	-3.91	-1.51
Net Debt/EBIT	-9.57	-6.74	-11.33	-28.79	-2.18	-3.67	-5.74	-27.61	455.82	-31.32	-2.67	-1.83	-18.56	-3.86	-1.08
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-26.52	-23.8	-2.05	-29.63	-83.41
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-116.72	-29.27	-40.97	-386.2	-429.92
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.58	0.2	0.02	-1.02	-0.63
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	29	53	49	62	65
Common Equity/Total Assets	37.23	41.91	53	58.07	69.31	71.87	64.91	61.9	55.48	37.73	27.52	-15.9	45.46	70.54	71.58
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	20.34	103.19	227.97	- -	103.61	39.76	16.07
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	16.9	50.79	69.51	118.55	50.88	28.45	13.84
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.28	38.94	62.74	101.48	47.1	28.04	13.31
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	20.34	103.19	227.97	-638.54	103.64	39.76	16.14
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	16.9	50.79	69.51	118.57	50.89	28.45	13.89
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.28	38.94	62.74	101.5	47.11	28.05	13.36
Net Debt to Equity	-118.14	-111.35	-70.95	-45.28	-64.21	-72.8	-69.38	-20.75	-89.81	77.15	213.68	-609.52	98.65	39.24	11.54
Net Debt/Capital (%)	651.21	981.19	-244.21	-82.75	-179.42	-267.62	-226.57	-26.18	-294.18	40.1	66.46	115.64	48.97	28.12	10.34
EBITDA	38	56	46	30	155	129	89	8	8	- -	-773	-1,265	-101	-1,835	-5,419
EBITDA-CapEx	1	26	35	18	152	127	85	1	-3	-1,129	-3,402	-1,555	-2,006	-23,921	-27,931
Operating Income (Loss)	21	33	19	20	134	110	73	4	-1	57	46	11	1	-63	-41

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.91	1.02	1.53	1.75	2.81	3.18	2.49	2.23	2.1	0.21	0.2	0.14	0.14	0.11	5.04
Current Ratio	1.57	1.65	2.06	2.34	3.27	3.69	3.18	3.01	2.79	0.95	0.86	0.83	0.83	0.71	5.62
Quick Ratio	1.35	1.42	1.9	2.15	3.21	3.63	3.1	2.89	2.7	0.9	0.81	0.73	0.71	0.62	5.49
CFO/Avg Current Liab	0.3	0.23	0.13	0.07	0.81	0.62	0.34	0.04	0.23	0.19	0.31	0.01	0.04	-0.16	-0.17
Common Equity/Total Assets	37.23	41.91	53	58.07	69.31	71.87	64.91	61.9	55.48	37.73	27.52	-15.9	45.46	70.54	71.58
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	20.34	103.19	227.97	- -	103.61	39.76	16.07
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	16.9	50.79	69.51	118.55	50.88	28.45	13.84
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.28	38.94	62.74	101.48	47.1	28.04	13.31
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	20.34	103.19	227.97	-638.54	103.64	39.76	16.14
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	16.9	50.79	69.51	118.57	50.89	28.45	13.89
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.28	38.94	62.74	101.5	47.11	28.05	13.36
CFO/Total Liabilities	21.35	17.97	10.88	6.23	74.25	51.16	23.92	3.26	14.92	5.88	3.64	0.11	0.49	-0.7	-0.63
CFO/CapEx	1.66	1.68	2.71	1.18	42.97	47.32	19.67	1.55	5.98	0.05	0.04	0.01	0.01	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	6.08	6.16	6.57	7.04	7.22	6.78	4.05	2.96	2.9	2.66	2.64	2.64	2.66	2.54	2.47
Days Sales Outstanding	60.06	59.28	55.53	51.87	50.56	53.82	90.08	123.49	125.67	137.04	138.19	138.38	137.21	143.74	147.98
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	200	223	220	147	292	402	420	110	457	60	63	44	47	38	2,301
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	6,920
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	103	571	2,232	2,446	2,244	7,248	8,236
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	169	200	310	324	455	552	606	530	612	1,124	3,211	2,063	4,409	25,478	59,279
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	16.9	50.79	69.51	118.57	50.89	28.45	13.89
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	537	566	576	580	530	514	504	498	486	481	511	499	496	463	477
TTM EBITDA	38	56	46	30	155	129	89	8	8	- -	-773	-1,265	-101	-1,835	-5,419
TTM Operating Income	21	33	19	20	134	110	73	4	-1	57	46	11	1	-63	-41
TTM Cash Flow to Firm	61	50	- -	15	150	111	78	- -	61	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	24	20	- -	2	146	108	74	- -	51	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

No data availableFinancial data will appear here once available

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	98	103	103	103	104	104	104	96	92	87	103	105	154	224	284
Diluted Weighted Avg Shares	101	102	103	103	105	105	105	104	94	88	91	103	151	175	253
Basic Weighted Avg Shares	98	100	103	103	103	104	104	104	93	88	91	103	124	175	253
Revenue per Share	5.5	5.65	5.6	5.64	5.13	4.94	4.84	4.81	5.21	5.45	5.6	4.84	3.99	2.64	1.89
EBITDA per Share	0.39	0.56	0.45	0.3	1.5	1.24	0.85	0.07	0.08	- -	-8.48	-12.27	-0.81	-10.47	-21.44
Operating Income per Share	0.21	0.33	0.19	0.19	1.3	1.05	0.7	0.04	-0.01	0.65	0.51	0.1	0.01	-0.36	-0.16
Basic EPS, GAAP	0.18	0.21	0.81	0.05	1.02	0.89	0.17	0.22	0.37	-0.09	-5.87	-14.26	3.45	-6.66	-16.73
Basic EPS from Cont Ops	0.22	0.22	0.26	0.05	1.02	0.89	0.17	0.22	0.37	-0.09	-5.87	-14.26	3.45	-6.66	-15.22
Diluted EPS, GAAP	0.18	0.2	0.81	0.05	1.01	0.88	0.17	0.22	0.37	-0.09	-5.87	-14.26	2.85	-6.66	-16.73
Diluted EPS from Cont Ops	0.22	0.22	0.26	0.05	1.01	0.88	0.17	0.22	0.37	-0.09	-5.87	-14.26	2.85	-6.66	-15.22
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.51
Cash Flow per Share	0.62	0.5	0.29	0.14	1.45	1.06	0.75	0.1	0.65	0.61	1.03	0.03	0.1	-0.3	-0.27
Free Cash Flow per Basic Share	0.25	0.2	0.18	0.02	1.41	1.04	0.71	0.04	0.54	-12.19	-27.8	-2.79	-15.21	-126.31	-89.33
Cash & Equivalents per Share	2.03	2.17	3.47	3.36	4.68	5.66	6.48	5.98	6.14	0.68	0.62	0.42	0.3	0.17	8.1
Book Value per Share	1.72	1.95	3.02	3.15	4.39	5.3	5.81	5.5	5.52	6.34	9.53	-3.64	14.1	81.48	155.32
Tangible Book Value per Share	1.65	1.85	2.92	3.02	4.23	5.22	5.79	5.5	5.52	-5.74	-18.21	-21.15	-9.52	-25.38	-51.85