MSTR vs. NBIS: Strategy vs. Nebius Stock Comparison
How do Strategy (MSTR) and Nebius (NBIS) 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
Strategy (MSTR) and Nebius (NBIS) both belong to the Software industry, though MSTR is classified under Application Software while NBIS falls under Systems Software.
Strategy (MSTR) carries decades of public-market history since June 11, 1998, while Nebius (NBIS) listed on October 21, 2024 — long-window comparisons have far more historical data on the MSTR side.
| Profile Item | MSTR | NBIS |
|---|---|---|
| Name | Strategy Inc. | Nebius Group N.V. Class A Ordinary Shares |
| Country/Region | United States | Netherlands |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | Software |
| GICS Sub-Industry | Application Software | Systems Software |
| Market Capitalization | 54.57 billion USD | 35.20 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | June 11, 1998 | October 21, 2024 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | MSTR | NBIS |
|---|---|---|
| Total Return (1Y) | -48.13% | 25.86% |
| Total Return (3Y, Annualized) | 36.44% | -- |
| Total Return (5Y, Annualized) | 7.87% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | MSTR | NBIS |
|---|---|---|
| Volatility (1Y, Annualized) | 82.34% | 111.62% |
| Beta (5Y) | 3.60 | 4.66 |
| Max Drawdown (5Y) | -84.09% | -58.27% |
| Avg. Volume (3M) | 22.35M | 20.58M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | MSTR | NBIS |
|---|---|---|
| Sharpe Ratio (1Y) | -0.64 | 0.19 |
| Sortino Ratio (1Y) | -0.97 | 0.31 |
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 Nebius (NBIS) reports 0.60%, ranking against industry peers normally.
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%
NBIS
Software & Services industry group
0.60%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- NBIS
- 0.60%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
Both Strategy (MSTR) at 0.00% and Nebius (NBIS) at 3.13% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
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%
NBIS
Software & Services industry group
3.13%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- NBIS
- 3.13%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Both Strategy (MSTR) at -2.07% and Nebius (NBIS) at -0.22% report negative operating margin values, usually indicating operating losses over the period.
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%
NBIS
Software & Services industry group
-0.22%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- NBIS
- -0.22%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | MSTR | NBIS |
|---|---|---|
| ROE (TTM) | -21.59% | 0.60% |
| ROA (TTM) | -4.52% | -1.92% |
| Net Margin (TTM) | 0.00% | 3.13% |
| Operating Margin (TTM) | -2.07% | -0.22% |
| Gross Margin (TTM) | 67.84% | 74.26% |
Growth
Revenue Growth
Nebius (NBIS) at 479.02% 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 Strategy (MSTR) nor Nebius (NBIS) reports a EPS growth value for this period, so a direct comparison isn't possible.
Growth Metrics
| Metric | MSTR | NBIS |
|---|---|---|
| Revenue Growth (YoY) | 2.97% | 479.02% |
| Revenue Growth (3Y CAGR) | -1.49% | 239.83% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -28.68% |
Financial Strength
Current Ratio (MRQ)
Both Strategy (MSTR) at 4.04 and Nebius (NBIS) at 4.03 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.
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
NBIS
Software & Services industry group
4.03
- Max
- 5.11
- NBIS
- 4.03
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Both Strategy (MSTR) at 0.10 and Nebius (NBIS) at 0.99 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
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
NBIS
Software & Services industry group
0.99
- Max
- 2.52
- Q3
- 1.13
- NBIS
- 0.99
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | MSTR | NBIS |
|---|---|---|
| Current Ratio (MRQ) | 4.04 | 4.03 |
| Debt / Equity (MRQ) | 0.10 | 0.99 |
| Net Debt / EBITDA | -- | 8.35 |
Dividends
Dividend Yield (TTM)
Neither Strategy (MSTR) nor Nebius (NBIS) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
NBIS
Software & Services industry group
0.00%
- NBIS
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Strategy (MSTR) nor Nebius (NBIS) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
NBIS
Software & Services industry group
0.00%
- NBIS
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | MSTR | NBIS |
|---|---|---|
| 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: Nebius (NBIS) trades at 101.16 times trailing earnings, ranked against its peers, while Strategy (MSTR) has no P/E ratio this period.
MSTR
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- MSTR
- --
NBIS
Software & Services industry group
101.16
- Max
- 112.94
- NBIS
- 101.16
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
Investors are paying well above the peer range per dollar of sales for both Strategy (MSTR) at 110.23 and Nebius (NBIS) at 25.98 — each P/S ratio clears its industry’s benchmark range.
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
NBIS
Software & Services industry group
25.98
- NBIS
- 25.98
- 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 Nebius (NBIS) at 3.43 is valued near its industry’s middle — MSTR is cheaper on assets, though weigh it against ROE and asset quality.
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
NBIS
Software & Services industry group
3.43
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- NBIS
- 3.43
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | MSTR | NBIS |
|---|---|---|
| P/E Ratio (TTM) | -- | 101.16 |
| P/S Ratio (TTM) | 110.23 | 25.98 |
| P/B Ratio (MRQ) | 0.98 | 3.43 |
| Free Cash Flow Yield (TTM) | -5.94% | -27.31% |