Is the business good?
How good a business is CRWD?
CrowdStrike earns −19% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−19%
Return on invested capital · cost of capital 9.0% · 28 points below what the capital costs: growth destroys value
- Operating margin
- −3.9%
Operating margin · Software - Infrastructure median 6.1% · 12 months to Q1 2027
- Share count, year on year
- +3.8%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 29%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2021 | −11% |
| FY2022 | −9.8% |
| FY2023 | −8.5% |
| FY2024 | −0.63% |
| FY2025 | −2.9% |
| FY2026 | −6.1% |
Details›
- Gross margin12 months to Q1 2027
- 75%
- Operating margin12 months to Q1 2027
- −3.9%
- Net margin12 months to Q1 2027
- −0.48%
- Free cash flow margin
- 30%
- R&D as % of revenue
- 29%
- Revenue, trailing twelve months
- $5.09B
- Free cash flow, trailing twelve months
- $1.51B
- Net income, trailing twelve months
- −$25M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −19%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Infrastructure
Ranks #1 of 78 by Smart Score