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

MSTR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 274 industry peers in the Software industry. While MSTR is still in line with the averages on profitability rating, there are concerns on its financial health. MSTR has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • MSTR had positive earnings in the past year.
  • MSTR had a negative operating cash flow in the past year.
  • In the past 5 years MSTR reported 4 times negative net income.
  • 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 83.58% of its industry peers.
  • With a decent Return On Equity value of 13.28%, MSTR is doing good in the industry, outperforming 76.28% of the companies in the same industry.
  • MSTR has a Return On Invested Capital of 12.92%. This is amongst the best in the industry. MSTR outperforms 88.32% of its industry peers.
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

  • Looking at the Profit Margin, with a value of 1625.05%, MSTR belongs to the top of the industry, outperforming 98.54% of the companies in the same industry.
  • MSTR's Operating Margin of 2524.74% is amongst the best of the industry. MSTR outperforms 98.54% of its industry peers.
  • MSTR's Gross Margin of 70.12% is in line compared to the rest of the industry. MSTR outperforms 52.19% of its industry peers.
  • MSTR's Gross Margin has declined in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MSTR is still creating some value.
  • The number of shares outstanding for MSTR has been increased compared to 1 year ago.
  • Compared to 5 years ago, MSTR has more shares outstanding
  • MSTR has a better debt/assets ratio than last year.
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

  • MSTR has an Altman-Z score of 2.52. This is not the best score and indicates that MSTR is in the grey zone with still only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.52, MSTR is in the better half of the industry, outperforming 62.04% of the companies in the same industry.
  • A Debt/Equity ratio of 0.14 indicates that MSTR is not too dependend on debt financing.
  • MSTR has a Debt to Equity ratio (0.14) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Altman-Z 2.52
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

  • MSTR has a Current 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.
  • Looking at the Current ratio, with a value of 0.66, MSTR is doing worse than 90.51% of the companies in the same industry.
  • 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.
  • The Quick ratio of MSTR (0.66) is worse than 90.15% 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

  • The Earnings Per Share has grown by an impressive 172.12% over the past year.
  • MSTR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 63.77% yearly.
  • The Revenue has been growing slightly by 2.97% in the past year.
  • The Revenue has been decreasing by -0.15% on average over the past years.
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

  • The Earnings Per Share is expected to grow by 257.26% on average over the next years. This is a very strong growth
  • The Revenue is expected to decrease by -1.59% on average over the next years.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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

More info and screens

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.
  • Compared to an average S&P500 Price/Earnings ratio of 26.99, MSTR is valued at the same level.
  • With a Price/Forward Earnings ratio of 3.48, the valuation of MSTR can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, MSTR is valued cheaper than 95.62% of the companies in the same industry.
  • MSTR is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.02, which is the current average of the S&P500 Index.
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

  • MSTR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MSTR is cheaper than 95.62% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.17
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

  • The 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

  • MSTR does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

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 Change15.6%
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)-9.66%
PT rev (3m)-18.06%
EPS NQ rev (1m)-88.03%
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%
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 4.17
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 2.52
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.