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Friday 6 November 2026 Export MSTR’s income statement to Excel — free account

Strategy Inc

MSTR Technology Software Application

Strategy Inc’s revenue for fiscal 2025 (year ended December 2025) was $477.2 million, up 2.97% from fiscal 2024.

Revenue
−2.54%
EPS
+413.8%
Free cash flow
+96.1%
Total debt
−17.8%

Quarter to September 2026, against a year earlier

127.89 1.41 −1.09%
Market cap
$54.6B
P/E
0.0×
Fwd P/E
−8.0×
Dividend yield
—
F-score
3/9
Altman Z
1.35
Beneish M
−2.47
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Strategy Inc (MSTR) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, Strategy Inc (MSTR) trades at a EV/FCF of −3.1×. Over the past ten years it has ranged from −275× (February 2015) to 297× (March 2019); the current reading is higher than 32% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 −2.1× —
FY2024 −2.8× —
FY2023 −6.1× —
FY2022 −13.8× —
FY2021 −3.0× —
FY2020 84.1× 322.30%
FY2019 19.9× (91.42%)
FY2018 232× 1,971.39%
FY2017 11.2× (27.42%)
FY2016 15.4× 35.98%

Quarterly newest first

Period EV/FCF Change
Sep 2026 −3.7× —
Jun 2026 −1.6× —
Mar 2026 −2.2× —
Dec 2025 −2.1× —
43 more quarters

Against its own ten years

Low −275× High 297×
Ten-year median 10.7×
Current reading's percentile 32

EV/FCF against peers

Company EV/FCF
MSTR Strategy Inc −3.1×
INTU Intuit Inc. compare 11.3×
WDAY Workday, Inc. compare 17.1×
ADSK Autodesk, Inc. compare 19.4×
PAYX Paychex, Inc. compare 23.0×
ROP Roper Technologies, Inc. compare 23.1×
TEAM Atlassian Corporation PLC compare 36.2×
CDNS Cadence Design Systems, Inc. compare 49.3×
DDOG Datadog, Inc. compare 53.0×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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