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

130.42 12.12 −8.50%
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

Strategy Inc (MSTR) Price to free cash flow

Alert me on Price to free cash flow

Strategy Inc has no meaningful price to free cash flow: its trailing twelve-month free cash flow is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 450× (March 2019) — the current reading is the lowest in ten years.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 75.3× 161.00%
FY2019 28.9× (92.50%)
FY2018 384× 1,794.98%
FY2017 20.3× (2.81%)
FY2016 20.9× 40.08%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 0.0× —
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
43 more quarters

Against its own ten years

Low 0.0× High 450×
Ten-year median 15.1×
Current reading's percentile 47

Price to free cash flow against peers

Company Price to free cash flow
MSTR Strategy Inc n/m
INTU Intuit Inc. compare 11.3×
WDAY Workday, Inc. compare 17.2×
ROP Roper Technologies, Inc. compare 19.3×
ADSK Autodesk, Inc. compare 20.2×
PAYX Paychex, Inc. compare 21.0×
TEAM Atlassian Corporation PLC compare 36.4×
CDNS Cadence Design Systems, Inc. compare 48.6×
DDOG Datadog, Inc. compare 56.8×
Software Application industry median 17.2×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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