STRATEGY INC (MSTR) Stock Fundamental Analysis

NASDAQ:MSTR • US5949724083

131.05 USD
+1.6 (+1.24%)
At close: Feb 20, 2026
131 USD
-0.05 (-0.04%)
After Hours: 2/20/2026, 8:00:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Taking everything into account, MSTR scores 3 out of 10 in our fundamental rating. MSTR was compared to 276 industry peers in the Software industry. MSTR has a medium profitability rating, but doesn't score so well on its financial health evaluation. MSTR is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • MSTR had positive earnings in the past year.
  • In the past year MSTR has reported a negative cash flow from operations.
  • MSTR had negative earnings in 4 of the past 5 years.
  • In multiple years MSTR reported negative operating cash flow during the last 5 years.
MSTR Yearly Net Income VS EBIT VS OCF VS FCFMSTR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -5B -10B -15B -20B

1.2 Ratios

  • The Return On Assets of MSTR (10.48%) is better than 83.70% of its industry peers.
  • MSTR's Return On Equity of 13.28% is fine compared to the rest of the industry. MSTR outperforms 76.81% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 12.92%, MSTR belongs to the top of the industry, outperforming 88.41% of the companies in the same industry.
Industry RankSector Rank
ROA 10.48%
ROE 13.28%
ROIC 12.92%
ROA(3y)-0.79%
ROA(5y)-15.68%
ROE(3y)1.71%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MSTR Yearly ROA, ROE, ROICMSTR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 200 300

1.3 Margins

  • MSTR has a better Profit Margin (1625.05%) than 98.55% of its industry peers.
  • MSTR has a better Operating Margin (2524.74%) than 98.55% of its industry peers.
  • With a Gross Margin value of 70.12%, MSTR perfoms like the industry average, outperforming 52.17% of the companies in the same industry.
  • In the last couple of years the Gross Margin of MSTR has declined.
Industry RankSector Rank
OM 2524.74%
PM (TTM) 1625.05%
GM 70.12%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.7%
GM growth 5Y-3.26%
MSTR Yearly Profit, Operating, Gross MarginsMSTR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200 -400 -600 -800 -1K

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MSTR is creating some value.
  • The number of shares outstanding for MSTR has been increased compared to 1 year ago.
  • The number of shares outstanding for MSTR has been increased compared to 5 years ago.
  • The debt/assets ratio for MSTR has been reduced compared to a year ago.
MSTR Yearly Shares OutstandingMSTR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
MSTR Yearly Total Debt VS Total AssetsMSTR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • An Altman-Z score of 2.50 indicates that MSTR is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • MSTR's Altman-Z score of 2.50 is fine compared to the rest of the industry. MSTR outperforms 61.96% of its industry peers.
  • MSTR has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.14, MSTR is in line with its industry, outperforming 46.74% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Altman-Z 2.5
ROIC/WACC1.23
WACC10.52%
MSTR Yearly LT Debt VS Equity VS FCFMSTR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B 40B

2.3 Liquidity

  • A Current Ratio of 0.66 indicates that MSTR may have some problems paying its short term obligations.
  • MSTR's Current ratio of 0.66 is on the low side compared to the rest of the industry. MSTR is outperformed by 90.94% of its industry peers.
  • MSTR has a Quick Ratio of 0.66. This is a bad value and indicates that MSTR is not financially healthy enough and could expect problems in meeting its short term obligations.
  • MSTR has a worse Quick ratio (0.66) than 90.58% of its industry peers.
Industry RankSector Rank
Current Ratio 0.66
Quick Ratio 0.66
MSTR Yearly Current Assets VS Current LiabilitesMSTR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • MSTR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 172.12%, which is quite impressive.
  • Measured over the past years, MSTR shows a very strong growth in Earnings Per Share. The EPS has been growing by 63.77% on average per year.
  • MSTR shows a small growth in Revenue. In the last year, the Revenue has grown by 2.97%.
  • Measured over the past years, MSTR shows a decrease in Revenue. The Revenue has been decreasing by -0.15% on average per year.
EPS 1Y (TTM)172.12%
EPS 3YN/A
EPS 5Y63.77%
EPS Q2Q%-1200.91%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y-1.49%
Revenue growth 5Y-0.15%
Sales Q2Q%1.9%

3.2 Future

  • MSTR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 257.26% yearly.
  • Based on estimates for the next years, MSTR will show a decrease in Revenue. The Revenue will decrease by -1.59% on average per year.
EPS Next Y712.22%
EPS Next 2Y257.26%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.91%
Revenue Next 2Y-0.36%
Revenue Next 3Y-1.59%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MSTR Yearly Revenue VS EstimatesMSTR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M 500M
MSTR Yearly EPS VS EstimatesMSTR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 20 40

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 28.30, which means the current valuation is very expensive for MSTR.
  • MSTR's Price/Earnings ratio is in line with the industry average.
  • MSTR's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.99.
  • The Price/Forward Earnings ratio is 3.48, which indicates a rather cheap valuation of MSTR.
  • Based on the Price/Forward Earnings ratio, MSTR is valued cheaply inside the industry as 96.01% of the companies are valued more expensively.
  • MSTR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 28.3
Fwd PE 3.48
MSTR Price Earnings VS Forward Price EarningsMSTR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MSTR indicates a rather cheap valuation: MSTR is cheaper than 95.65% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.12
MSTR Per share dataMSTR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 100 -100 150

4.3 Compensation for Growth

  • MSTR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as MSTR's earnings are expected to grow with 257.26% in the coming years.
PEG (NY)0.04
PEG (5Y)0.44
EPS Next 2Y257.26%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for MSTR!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

STRATEGY INC

NASDAQ:MSTR (2/20/2026, 8:00:01 PM)

After market: 131 -0.05 (-0.04%)

131.05

+1.6 (+1.24%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners58.77%
Inst Owner Change13.85%
Ins Owners0.17%
Ins Owner Change51.85%
Market Cap41.91B
Revenue(TTM)477.23M
Net Income(TTM)7.72B
Analysts82.61
Price Target452.53 (245.31%)
Short Float %11.1%
Short Ratio1.43
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17468%
Min EPS beat(2)1.27%
Max EPS beat(2)34934.6%
EPS beat(4)3
Avg EPS beat(4)9162.77%
Min EPS beat(4)-4213.73%
Max EPS beat(4)34934.6%
EPS beat(8)4
Avg EPS beat(8)4191.29%
EPS beat(12)6
Avg EPS beat(12)-6038.3%
EPS beat(16)7
Avg EPS beat(16)-4698.76%
Revenue beat(2)1
Avg Revenue beat(2)2.95%
Min Revenue beat(2)-0.64%
Max Revenue beat(2)6.53%
Revenue beat(4)1
Avg Revenue beat(4)-1.02%
Min Revenue beat(4)-6%
Max Revenue beat(4)6.53%
Revenue beat(8)1
Avg Revenue beat(8)-4.69%
Revenue beat(12)3
Avg Revenue beat(12)-3.57%
Revenue beat(16)3
Avg Revenue beat(16)-3.64%
PT rev (1m)-11.9%
PT rev (3m)-18.06%
EPS NQ rev (1m)-86.09%
EPS NQ rev (3m)18.21%
EPS NY rev (1m)-21.86%
EPS NY rev (3m)26.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.43%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)1.56%
Valuation
Industry RankSector Rank
PE 28.3
Fwd PE 3.48
P/S 88.24
P/FCF N/A
P/OCF N/A
P/B 0.72
P/tB N/A
EV/EBITDA 4.12
EPS(TTM)4.63
EY3.53%
EPS(NY)37.61
Fwd EY28.7%
FCF(TTM)-117.31
FCFYN/A
OCF(TTM)-0.2
OCFYN/A
SpS1.49
BVpS181.72
TBVpS-47.18
PEG (NY)0.04
PEG (5Y)0.44
Graham Number137.59
Profitability
Industry RankSector Rank
ROA 10.48%
ROE 13.28%
ROCE 16.36%
ROIC 12.92%
ROICexc 12.93%
ROICexgc 27113.6%
OM 2524.74%
PM (TTM) 1625.05%
GM 70.12%
FCFM N/A
ROA(3y)-0.79%
ROA(5y)-15.68%
ROE(3y)1.71%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.7%
GM growth 5Y-3.26%
F-Score3
Asset Turnover0.01
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Debt/EBITDA 0.68
Cap/Depr 199348%
Cap/Sales 7886.31%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.66
Quick Ratio 0.66
Altman-Z 2.5
F-Score3
WACC10.52%
ROIC/WACC1.23
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)172.12%
EPS 3YN/A
EPS 5Y63.77%
EPS Q2Q%-1200.91%
EPS Next Y712.22%
EPS Next 2Y257.26%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.97%
Revenue growth 3Y-1.49%
Revenue growth 5Y-0.15%
Sales Q2Q%1.9%
Revenue Next Year2.91%
Revenue Next 2Y-0.36%
Revenue Next 3Y-1.59%
Revenue Next 5YN/A
EBIT growth 1Y21399.3%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year59.93%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-613.26%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-82.3%
OCF growth 3YN/A
OCF growth 5YN/A

STRATEGY INC / MSTR FAQ

What is the fundamental rating for MSTR stock?

ChartMill assigns a fundamental rating of 3 / 10 to MSTR.


What is the valuation status of STRATEGY INC (MSTR) stock?

ChartMill assigns a valuation rating of 6 / 10 to STRATEGY INC (MSTR). This can be considered as Fairly Valued.


What is the profitability of MSTR stock?

STRATEGY INC (MSTR) has a profitability rating of 4 / 10.


How financially healthy is STRATEGY INC?

The financial health rating of STRATEGY INC (MSTR) is 2 / 10.


What is the earnings growth outlook for STRATEGY INC?

The Earnings per Share (EPS) of STRATEGY INC (MSTR) is expected to grow by 712.22% in the next year.