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DOCU vs. MSTR: DocuSign vs. Strategy Stock Comparison

How do DocuSign (DOCU) 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

DocuSign (DOCU) 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.

Company profile comparison for DocuSign (DOCU) and Strategy (MSTR)
Profile ItemDOCUMSTR
NameDocuSign Inc.Strategy Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustrySoftwareSoftware
GICS Sub-IndustryApplication SoftwareApplication Software
Market Capitalization14.51 billion USD54.57 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateApril 27, 2018June 11, 1998
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

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

Trailing Returns

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Trailing total returns for DocuSign (DOCU) and Strategy (MSTR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for DocuSign (DOCU) and Strategy (MSTR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for DocuSign (DOCU) and Strategy (MSTR)
MetricDOCUMSTR
Total Return (1Y)12.03%-48.13%
Total Return (3Y, Annualized)24.94%36.44%
Total Return (5Y, Annualized)-22.27%7.87%

Risk Profile

Drawdown History

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

Return Distribution

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Distribution of monthly total returns for DocuSign (DOCU) and Strategy (MSTR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Strategy (MSTR) carries a highly aggressive beta of 3.60, indicating much higher sensitivity to broad-market moves, whereas DocuSign (DOCU) is closer to market-like at 0.79 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for DocuSign (DOCU) and Strategy (MSTR)
MetricDOCUMSTR
Volatility (1Y, Annualized)48.32%82.34%
Beta (5Y)0.793.60
Max Drawdown (5Y)-86.00%-84.09%
Avg. Volume (3M)2.99M22.35M

Risk-Adjusted Performance

Risk-Return Positioning

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DOCU and MSTR are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for DocuSign (DOCU) and Strategy (MSTR)
MetricDOCUMSTR
Sharpe Ratio (1Y)0.16-0.64
Sortino Ratio (1Y)0.23-0.97

Profitability

ROE (TTM)

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 DocuSign (DOCU) reports 17.80%, ranking against industry peers normally.

DOCU

Software & Services industry group

17.80%

Max
53.85%
Q3
17.90%
DOCU
17.80%
Median
6.59%
Q1
-9.59%
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%
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DocuSign (DOCU) vs. Strategy (MSTR): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Both DocuSign (DOCU) at 9.82% 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.

DOCU

Software & Services industry group

9.82%

Max
41.17%
Q3
15.28%
DOCU
9.82%
Median
4.63%
Q1
-5.42%
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%
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DocuSign (DOCU) vs. Strategy (MSTR): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Strategy (MSTR) reports a negative operating margin of -2.07%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile DocuSign (DOCU) reports 13.43%, ranking against industry peers normally.

DOCU

Software & Services industry group

13.43%

Max
46.89%
Q3
17.64%
DOCU
13.43%
Median
8.73%
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%
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DocuSign (DOCU) vs. Strategy (MSTR): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for DocuSign (DOCU) and Strategy (MSTR)
MetricDOCUMSTR
ROE (TTM)17.80%-21.59%
ROA (TTM)6.35%-4.52%
Net Margin (TTM)9.82%0.00%
Operating Margin (TTM)13.43%-2.07%
Gross Margin (TTM)79.61%67.84%

Growth

Revenue Growth

DocuSign (DOCU) at 8.16% is around its peer norm for revenue growth, while Strategy (MSTR) at 2.97% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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DocuSign (DOCU) vs. Strategy (MSTR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: DocuSign (DOCU) reports EPS growth of -70.87%, ranked against its industry; Strategy (MSTR) has no EPS growth figure this period.

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DocuSign (DOCU) vs. Strategy (MSTR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DocuSign (DOCU) and Strategy (MSTR)
MetricDOCUMSTR
Revenue Growth (YoY)8.16%2.97%
Revenue Growth (3Y CAGR)8.57%-1.49%
EPS Growth (YoY)-70.87%--
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 DocuSign (DOCU) at 0.64 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

DOCU

Software & Services industry group

0.64

Max
5.11
Q3
2.77
Median
1.67
Q1
1.01
DOCU
0.64
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
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DocuSign (DOCU) vs. Strategy (MSTR): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both DocuSign (DOCU) at 0.11 and Strategy (MSTR) at 0.10 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

DOCU

Software & Services industry group

0.11

Max
2.52
Q3
1.13
Median
0.40
DOCU
0.11
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
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DocuSign (DOCU) vs. Strategy (MSTR): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for DocuSign (DOCU) and Strategy (MSTR)
MetricDOCUMSTR
Current Ratio (MRQ)0.644.04
Debt / Equity (MRQ)0.110.10
Net Debt / EBITDA-1.35--

Dividends

Dividend Yield (TTM)

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

DOCU

Software & Services industry group

0.00%

DOCU
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%
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DocuSign (DOCU) vs. Strategy (MSTR): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

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

DOCU

Software & Services industry group

0.00%

DOCU
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%
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DocuSign (DOCU) vs. Strategy (MSTR): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for DocuSign (DOCU) and Strategy (MSTR)
MetricDOCUMSTR
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: DocuSign (DOCU) trades at 47.32 times trailing earnings, ranked against its peers, while Strategy (MSTR) has no P/E ratio this period.

DOCU

Software & Services industry group

47.32

Max
112.94
Q3
60.32
DOCU
47.32
Median
32.91
Q1
18.77
Min
6.69

MSTR

Software & Services industry group

--

Max
112.94
Q3
60.32
Median
32.91
Q1
18.77
Min
6.69
MSTR
--
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DocuSign (DOCU) vs. Strategy (MSTR): MSTR does not report P/E ratio, so it has no value marker; DOCU is benchmarked against the Software & Services industry group.

P/S Ratio (TTM)

DocuSign (DOCU) at 4.32 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.

DOCU

Software & Services industry group

4.32

Max
17.91
Q3
8.78
DOCU
4.32
Median
4.25
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
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DocuSign (DOCU) vs. Strategy (MSTR): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Strategy (MSTR) at 0.98 sits in the lower P/B ratio quartile against book while DocuSign (DOCU) at 8.50 is valued near its industry’s middle — MSTR is cheaper on assets, though weigh it against ROE and asset quality.

DOCU

Software & Services industry group

8.50

Max
16.63
DOCU
8.50
Q3
8.50
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
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DocuSign (DOCU) vs. Strategy (MSTR): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for DocuSign (DOCU) and Strategy (MSTR)
MetricDOCUMSTR
P/E Ratio (TTM)47.32--
P/S Ratio (TTM)4.32110.23
P/B Ratio (MRQ)8.500.98
Free Cash Flow Yield (TTM)9.05%-5.94%