Is the business good?
How good a business is MSTR?
Strategy Inc earns −82% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−82%
Return on invested capital · cost of capital 9.0% · 91 points below what the capital costs: growth destroys value
- Share count, year on year
- +15%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −2.8% |
| FY2021 | −154% |
| FY2022 | −256% |
| FY2023 | −23% |
| FY2024 | −400% |
| FY2025 | −1141% |
Details›
- Free cash flow, trailing twelve months
- −$26M
- Net income, trailing twelve months
- −$30.4B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −82%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Application
Ranks #90 of 90 by Smart Score