CRWV vs. MSTR: CoreWeave vs. Strategy Stock Comparison
How do CoreWeave (CRWV) and Strategy (MSTR) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
CoreWeave (CRWV) and Strategy (MSTR) both fall under the Software & Services industry group, but CRWV is classified in IT Services while MSTR is classified in Software.
Strategy (MSTR) carries decades of public-market history since June 11, 1998, while CoreWeave (CRWV) listed on March 28, 2025 — long-window comparisons have far more historical data on the MSTR side.
| Profile Item | CRWV | MSTR |
|---|---|---|
| Name | CoreWeave Inc. Class A Common Stock | Strategy Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | IT Services | Software |
| GICS Sub-Industry | Internet Services & Infrastructure | Application Software |
| Market Capitalization | 25.59 billion USD | 54.57 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | March 28, 2025 | June 11, 1998 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CRWV | MSTR |
|---|---|---|
| Total Return (1Y) | -52.69% | -48.13% |
| Total Return (3Y, Annualized) | -- | 36.44% |
| Total Return (5Y, Annualized) | -- | 7.87% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CRWV | MSTR |
|---|---|---|
| Volatility (1Y, Annualized) | 98.61% | 82.34% |
| Beta (5Y) | 7.43 | 3.60 |
| Max Drawdown (5Y) | -76.22% | -84.09% |
| Avg. Volume (3M) | 40.98M | 22.35M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CRWV | MSTR |
|---|---|---|
| Sharpe Ratio (1Y) | -0.58 | -0.64 |
| Sortino Ratio (1Y) | -0.86 | -0.97 |
Profitability
ROE (TTM)
Both CoreWeave (CRWV) at -43.60% and Strategy (MSTR) at -21.59% report negative ROE values. Negative ROE can reflect losses or negative shareholders’ equity, so both readings need extra context.
CRWV
Software & Services industry group
-43.60%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- CRWV
- -43.60%
- Min
- -50.52%
MSTR
Software & Services industry group
-21.59%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- MSTR
- -21.59%
- Min
- -50.52%
Net Margin (TTM)
CoreWeave (CRWV) reports a negative net margin of -25.40%, usually indicating a net loss over the period. Meanwhile Strategy (MSTR) reports 0.00%, ranking against industry peers normally.
CRWV
Software & Services industry group
-25.40%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- CRWV
- -25.40%
- Min
- -33.17%
MSTR
Software & Services industry group
0.00%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- MSTR
- 0.00%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Both CoreWeave (CRWV) at -1.90% and Strategy (MSTR) at -2.07% report negative operating margin values, usually indicating operating losses over the period.
CRWV
Software & Services industry group
-1.90%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- CRWV
- -1.90%
- Q1
- -2.13%
- Min
- -30.45%
MSTR
Software & Services industry group
-2.07%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- MSTR
- -2.07%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | CRWV | MSTR |
|---|---|---|
| ROE (TTM) | -43.60% | -21.59% |
| ROA (TTM) | -0.24% | -4.52% |
| Net Margin (TTM) | -25.40% | 0.00% |
| Operating Margin (TTM) | -1.90% | -2.07% |
| Gross Margin (TTM) | 67.42% | 67.84% |
Growth
Revenue Growth
CoreWeave (CRWV) at 167.94% delivers above-range revenue growth, while Strategy (MSTR) at 2.97% falls into the bottom quartile — a wide split in revenue momentum.
EPS Growth
Neither CoreWeave (CRWV) nor Strategy (MSTR) reports a EPS growth value for this period, so a direct comparison isn't possible.
Growth Metrics
| Metric | CRWV | MSTR |
|---|---|---|
| Revenue Growth (YoY) | 167.94% | 2.97% |
| Revenue Growth (3Y CAGR) | 586.92% | -1.49% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Strategy (MSTR) at 4.04 carries current ratio above its industry’s typical mid-range, while CoreWeave (CRWV) at 0.46 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
CRWV
Software & Services industry group
0.46
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- CRWV
- 0.46
- Min
- 0.03
MSTR
Software & Services industry group
4.04
- Max
- 5.11
- MSTR
- 4.04
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Strategy (MSTR) at 0.10 is near its industry mid-range for debt-to-equity ratio, while CoreWeave (CRWV) at 10.27 sits above its benchmark range, pointing to a heavier debt load relative to equity.
CRWV
Software & Services industry group
10.27
- CRWV
- 10.27
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
MSTR
Software & Services industry group
0.10
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- MSTR
- 0.10
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | CRWV | MSTR |
|---|---|---|
| Current Ratio (MRQ) | 0.46 | 4.04 |
| Debt / Equity (MRQ) | 10.27 | 0.10 |
| Net Debt / EBITDA | 12.16 | -- |
Dividends
Dividend Yield (TTM)
Neither CoreWeave (CRWV) nor Strategy (MSTR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRWV
Software & Services industry group
0.00%
- CRWV
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
MSTR
Software & Services industry group
0.00%
- MSTR
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither CoreWeave (CRWV) nor Strategy (MSTR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRWV
Software & Services industry group
0.00%
- CRWV
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
MSTR
Software & Services industry group
0.00%
- MSTR
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CRWV | MSTR |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Neither CoreWeave (CRWV) nor Strategy (MSTR) reports a P/E ratio value for this period, so a direct comparison isn’t possible.
CRWV
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- CRWV
- --
MSTR
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- MSTR
- --
P/S Ratio (TTM)
CoreWeave (CRWV) at 3.37 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.
CRWV
Software & Services industry group
3.37
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- CRWV
- 3.37
- Q1
- 2.23
- Min
- 0.02
MSTR
Software & Services industry group
110.23
- MSTR
- 110.23
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Strategy (MSTR) at 0.98 sits in the lower P/B ratio quartile against book while CoreWeave (CRWV) at 5.09 is valued near its industry’s middle — MSTR is cheaper on assets, though weigh it against ROE and asset quality.
CRWV
Software & Services industry group
5.09
- Max
- 16.63
- Q3
- 8.50
- CRWV
- 5.09
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
MSTR
Software & Services industry group
0.98
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- MSTR
- 0.98
- Min
- -3.90
Valuation Metrics
| Metric | CRWV | MSTR |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 3.37 | 110.23 |
| P/B Ratio (MRQ) | 5.09 | 0.98 |
| Free Cash Flow Yield (TTM) | -35.51% | -5.94% |