CRCL vs. MSTR: Circle Internet vs. Strategy Stock Comparison

Company Profile

Circle Internet (CRCL) and Strategy (MSTR) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.

Strategy (MSTR) carries decades of public-market history since June 11, 1998, while Circle Internet (CRCL) listed on June 5, 2025 — long-window comparisons have far more historical data on the MSTR side.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Strategy (MSTR) carries a highly aggressive beta of 3.60, indicating much higher sensitivity to broad-market moves, whereas Circle Internet (CRCL) is closer to market-like at 0.84 — a noticeable difference in market-sensitivity profile.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Strategy (MSTR) reports a negative ROE of -21.59%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Circle Internet (CRCL) reports 13.44%, ranking against industry peers normally.

Both Circle Internet (CRCL) at 15.28% and Strategy (MSTR) at 0.00% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

Strategy (MSTR) reports a negative operating margin of -2.07%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Circle Internet (CRCL) reports 24.09%, ranking against industry peers normally.

Profitability Metrics

Growth

Circle Internet (CRCL) at 63.86% delivers above-range revenue growth, while Strategy (MSTR) at 2.97% falls into the bottom quartile — a wide split in revenue momentum.

Only one side can be read here: Circle Internet (CRCL) reports EPS growth of -640.54%, ranked against its industry; Strategy (MSTR) has no EPS growth figure this period.

Growth Metrics

Financial Strength

Circle Internet (CRCL) at 1.04 keeps current ratio within its industry’s typical mid-range, while Strategy (MSTR) at 4.04 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Circle Internet (CRCL) at 0.00 keeps leverage in the lower industry quartile, while Strategy (MSTR) at 0.10 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

Neither Circle Internet (CRCL) nor Strategy (MSTR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Neither Circle Internet (CRCL) nor Strategy (MSTR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: Circle Internet (CRCL) trades at 40.89 times trailing earnings, ranked against its peers, while Strategy (MSTR) has no P/E ratio this period.

Circle Internet (CRCL) at 5.75 prices around its industry’s typical P/S ratio, while Strategy (MSTR) at 110.23 clears its benchmark range — MSTR looks notably rich on sales.

Strategy (MSTR) at 0.98 sits in the lower P/B ratio quartile against book while Circle Internet (CRCL) at 4.50 is valued near its industry’s middle — MSTR is cheaper on assets, though weigh it against ROE and asset quality.

Valuation Metrics