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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%

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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 Segments Valuation Filings

Strategy Inc (MSTR) P/S ratio

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As of 5 November 2026, Strategy Inc (MSTR) trades at a P/S ratio of 105×. Over the past ten years it has ranged from 1.9× (March 2020) to 271× (July 2025); the current reading is higher than 89% of that period. That is above the Software Application industry median of 3.0× and above the Technology sector median of 2.6×.

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<iframe src="https://stockrow.com/embed/MSTR/ps-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Strategy Inc P/S ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MSTR/metrics/ps-ratio">Strategy Inc (MSTR) P/S ratio — stockrow.com</a></p>

Period	P/S ratio	Change
FY2025	88.4×	(26.53%)
FY2024	120×	537.48%
FY2023	18.9×	474.08%
FY2022	3.3×	(69.22%)
FY2021	10.7×	36.46%
FY2020	7.8×	160.31%
FY2019	3.0×	2.94%
FY2018	2.9×	(2.42%)
FY2017	3.0×	(31.97%)
FY2016	4.4×	14.51%

Period	P/S ratio	Change
Sep 2026	124×	101.21%
Jun 2026	61.5×	(27.62%)
Mar 2026	85.0×	(3.89%)
Dec 2025	88.4×	(54.18%)
43 more quarters	Free account

Against its own ten years

Low 1.9× High 271×

Ten-year median 4.4×

Current reading's percentile 88

Company	P/S ratio
INTU Intuit Inc. compare	4.6×
WDAY Workday, Inc. compare	4.8×
ROP Roper Technologies, Inc. compare	5.8×
PAYX Paychex, Inc. compare	6.4×
ADSK Autodesk, Inc. compare	7.3×
TEAM Atlassian Corporation PLC compare	7.3×
CDNS Cadence Design Systems, Inc. compare	13.9×
DDOG Datadog, Inc. compare	14.7×
MSTR Strategy Inc	105×
Software Application industry median	3.0×
Technology sector median	2.6×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

Strategy Inc (MSTR) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on MSTR

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on MSTR

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