Strategy (MSTR) Stock Analysis

June 28, 2026

This is a peer-relative look at Strategy (MSTR): its performance, risk, profitability, financial strength, dividend, and valuation are each measured against its Software & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Strategy (MSTR)
Profile Item	MSTR
Name	Strategy Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Software & Services
GICS Industry	Software
GICS Sub-Industry	Application Software
Market Capitalization	29.45 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	June 11, 1998
Security Type	Common Stock

Price Performance

Cumulative Growth

MSTR

GSPC

Strategy (MSTR) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Strategy (MSTR) and S&P 500 (GSPC). Returns over one year are annualized.

Performance Metrics

Strategy (MSTR) metric values compared with Software & Services industry-group medians
Metric	Current stock: MSTR	Industry group median
Total Return (1Y)	-78.70%	-19.31%

Risk Profile

Drawdown History

MSTR

GSPC

Strategy (MSTR) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk Metrics

Strategy (MSTR) metric values compared with Software & Services industry-group medians
Metric	Current stock: MSTR	Industry group median
Volatility (1Y, Annualized)	73.18%	58.77%
Beta (5Y)	3.60	1.14

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. MSTR is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Profitability

ROE (TTM)

Strategy (MSTR) has negative ROE of -30.76%. That can come from trailing losses or negative book equity, so it is a warning state rather than a clean capital-efficiency measure.

MSTR

Software & Services industry group

-30.76%

Group distribution

Max: 53.38%
Q3: 16.53%
Median: 5.38%
Q1: -13.43%
MSTR: -30.76%
Min: -55.27%

Largest peers

ORCL: 53.38%
IBM: 35.77%
MSFT: 34.01%
PLTR: 32.59%
SAP: 16.35%
PANW: 4.83%
MSTR: -30.76%

Where Strategy (MSTR) stands on ROE within its Software & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Strategy (MSTR) keeps 0.00% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

MSTR

Software & Services industry group

0.00%

Group distribution

Max: 44.20%
Q3: 14.93%
Median: 3.32%
MSTR: 0.00%
Q1: -5.99%
Min: -34.99%

Largest peers

PLTR: 43.67%
MSFT: 39.34%
ORCL: 25.37%
SAP: 19.58%
IBM: 15.61%
PANW: 7.95%
MSTR: 0.00%

Where Strategy (MSTR) stands on net margin within its Software & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Strategy (MSTR) has negative operating margin of -11,641.53%. Core operations were loss-making before interest and taxes over the trailing period.

MSTR

Software & Services industry group

-11,641.53%

Group distribution

Max: 60.45%
Q3: 16.49%
Median: 4.46%
Q1: -12.92%
Min: -53.94%
MSTR: -11,641.53%

Largest peers

MSFT: 46.33%
PLTR: 46.18%
ORCL: 36.20%
SAP: 30.03%
IBM: 13.81%
PANW: -2.47%
MSTR: -11,641.53%

Where Strategy (MSTR) stands on operating margin within its Software & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Strategy (MSTR) metric values compared with Software & Services industry-group medians
Metric	Current stock: MSTR	Industry group median
ROE (TTM)	-30.76%	5.38%
ROA (TTM)	-17.81%	1.63%
Net Margin (TTM)	0.00%	3.32%
Operating Margin (TTM)	-11,641.53%	4.46%
Gross Margin (TTM)	68.11%	68.69%

Financial Strength

Current Ratio (MRQ)

Strategy (MSTR) has current ratio of 6.05, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

MSTR

Software & Services industry group

6.05

Group distribution

MSTR: 6.05
Max: 5.55
Q3: 2.88
Median: 1.72
Q1: 1.07
Min: 0.03

Largest peers

PLTR: 6.91
MSTR: 6.05
MSFT: 1.28
ORCL: 1.12
SAP: 1.07
PANW: 0.86
IBM: 0.80

Where Strategy (MSTR) stands on current ratio within its Software & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Strategy (MSTR) has debt-to-equity ratio of 0.18, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

MSTR

Software & Services industry group

0.18

Group distribution

Max: 2.31
Q3: 1.06
Median: 0.32
MSTR: 0.18
Q1: 0.06
Min: 0.00

Largest peers

ORCL: 3.89
IBM: 2.11
MSFT: 0.30
MSTR: 0.18
SAP: 0.17
PANW: 0.08
PLTR: 0.02

Where Strategy (MSTR) stands on debt-to-equity ratio within its Software & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Strategy (MSTR) metric values compared with Software & Services industry-group medians
Metric	Current stock: MSTR	Industry group median
Current Ratio (MRQ)	6.05	1.72
Debt / Equity (MRQ)	0.18	0.32
Net Debt / EBITDA	--	-0.09

Dividends

Dividend Yield (TTM)

Strategy (MSTR) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

MSTR

Software & Services industry group

0.00%

Group distribution

MSTR: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

IBM: 2.60%
SAP: 1.69%
ORCL: 1.31%
MSFT: 1.01%
MSTR: 0.00%
PLTR: 0.00%
PANW: 0.00%

Where Strategy (MSTR) stands on dividend yield within its Software & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Strategy (MSTR) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

MSTR

Software & Services industry group

0.00%

Group distribution

MSTR: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

IBM: 59.47%
SAP: 37.15%
ORCL: 34.31%
MSFT: 20.73%
MSTR: 0.00%
PLTR: 0.00%
PANW: 0.00%

Where Strategy (MSTR) stands on payout ratio within its Software & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Strategy (MSTR) metric values compared with Software & Services industry-group medians
Metric	Current stock: MSTR	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

No usable P/E ratio is available for Strategy (MSTR) this period, so the trailing-earnings valuation read is skipped.

MSTR

Software & Services industry group

Group distribution

Max: 114.57
Q3: 59.78
Median: 29.42
Q1: 16.20
Min: 0.40
MSTR: --

Largest peers

PANW: 266.84
PLTR: 126.89
ORCL: 25.43
IBM: 24.04
MSFT: 22.23
SAP: 21.87
MSTR: --

Strategy (MSTR) doesn’t report P/E ratio this period; the box shows the Software & Services group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Strategy (MSTR) trades at 60.04 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

MSTR

Software & Services industry group

60.04

Group distribution

MSTR: 60.04
Max: 17.86
Q3: 8.79
Median: 4.10
Q1: 2.13
Min: 0.03

Largest peers

MSTR: 60.04
PLTR: 51.82
PANW: 23.37
MSFT: 8.71
ORCL: 6.35
SAP: 4.90
IBM: 3.70

Where Strategy (MSTR) stands on P/S ratio within its Software & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Strategy (MSTR) trades at 0.78 on P/B ratio, in the lower book-value quartile for its industry. Investors are paying less for the balance-sheet equity than they pay for most peers, with returns on that equity still central to the read.

MSTR

Software & Services industry group

0.78

Group distribution

Max: 17.72
Q3: 8.62
Median: 3.82
Q1: 1.97
MSTR: 0.78
Min: -7.65

Largest peers

PLTR: 32.04
ORCL: 12.73
PANW: 8.94
IBM: 7.74
MSFT: 6.69
SAP: 3.47
MSTR: 0.78

Where Strategy (MSTR) stands on P/B ratio within its Software & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Strategy (MSTR) metric values compared with Software & Services industry-group medians
Metric	Current stock: MSTR	Industry group median
P/E Ratio (TTM)	--	29.42
P/S Ratio (TTM)	60.04	4.10
P/B Ratio (MRQ)	0.78	3.82
Free Cash Flow Yield (TTM)	-29.54%	4.53%