MSTR vs. WDAY: Strategy vs. Workday Stock Comparison

November 11, 2026

How do Strategy (MSTR) and Workday (WDAY) 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 Workday (WDAY) 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 Strategy (MSTR) and Workday (WDAY)
Profile Item	MSTR	WDAY
Name	Strategy Inc.	Workday Inc Class A Common Stock
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Software & Services
GICS Industry	Software	Software
GICS Sub-Industry	Application Software	Application Software
Market Capitalization	54.57 billion USD	46.49 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	June 11, 1998	October 12, 2012
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MSTR

WDAY

GSPC

Strategy (MSTR) vs. Workday (WDAY), 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 Strategy (MSTR) and Workday (WDAY). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Strategy (MSTR) and Workday (WDAY)
Metric	MSTR	WDAY
Total Return (1Y)	-48.13%	-14.74%
Total Return (3Y, Annualized)	36.44%	-5.22%
Total Return (5Y, Annualized)	7.87%	-8.14%

Risk Profile

Drawdown History

MSTR

WDAY

GSPC

Strategy (MSTR) vs. Workday (WDAY), 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 Strategy (MSTR) and Workday (WDAY). 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 Workday (WDAY) is closer to market-like at 1.01 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for Strategy (MSTR) and Workday (WDAY)
Metric	MSTR	WDAY
Volatility (1Y, Annualized)	82.34%	54.35%
Beta (5Y)	3.60	1.01
Max Drawdown (5Y)	-84.09%	-63.38%
Avg. Volume (3M)	22.35M	3.14M

Risk-Adjusted Performance

Risk-Return Positioning

MSTR and WDAY 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 Strategy (MSTR) and Workday (WDAY)
Metric	MSTR	WDAY
Sharpe Ratio (1Y)	-0.64	-0.35
Sortino Ratio (1Y)	-0.97	-0.54

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 Workday (WDAY) reports 16.01%, 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%

WDAY

Software & Services industry group

16.01%

Max: 53.85%
Q3: 17.90%
WDAY: 16.01%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

Strategy (MSTR) vs. Workday (WDAY): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Both Strategy (MSTR) at 0.00% and Workday (WDAY) at 12.32% 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%

WDAY

Software & Services industry group

12.32%

Max: 41.17%
Q3: 15.28%
WDAY: 12.32%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

Strategy (MSTR) vs. Workday (WDAY): 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 Workday (WDAY) reports 11.82%, ranking against industry peers normally.

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%

WDAY

Software & Services industry group

11.82%

Max: 46.89%
Q3: 17.64%
WDAY: 11.82%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

Strategy (MSTR) vs. Workday (WDAY): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Strategy (MSTR) and Workday (WDAY)
Metric	MSTR	WDAY
ROE (TTM)	-21.59%	16.01%
ROA (TTM)	-4.52%	4.51%
Net Margin (TTM)	0.00%	12.32%
Operating Margin (TTM)	-2.07%	11.82%
Gross Margin (TTM)	67.84%	75.80%

Growth

Revenue Growth

Workday (WDAY) at 13.10% 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.

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

EPS Growth

Only one side can be read here: Workday (WDAY) reports EPS growth of 32.82%, ranked against its industry; Strategy (MSTR) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for Strategy (MSTR) and Workday (WDAY)
Metric	MSTR	WDAY
Revenue Growth (YoY)	2.97%	13.10%
Revenue Growth (3Y CAGR)	-1.49%	15.40%
EPS Growth (YoY)	--	32.82%
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 Workday (WDAY) at 0.91 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

WDAY

Software & Services industry group

0.91

Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
WDAY: 0.91
Min: 0.03

Strategy (MSTR) vs. Workday (WDAY): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both Strategy (MSTR) at 0.10 and Workday (WDAY) at 0.58 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

WDAY

Software & Services industry group

0.58

Max: 2.52
Q3: 1.13
WDAY: 0.58
Median: 0.40
Q1: 0.07
Min: 0.00

Strategy (MSTR) vs. Workday (WDAY): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Strategy (MSTR) and Workday (WDAY)
Metric	MSTR	WDAY
Current Ratio (MRQ)	4.04	0.91
Debt / Equity (MRQ)	0.10	0.58
Net Debt / EBITDA	--	0.23

Dividends

Dividend Yield (TTM)

Neither Strategy (MSTR) nor Workday (WDAY) 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%

WDAY

Software & Services industry group

0.00%

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

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

Dividend Payout Ratio (TTM)

Neither Strategy (MSTR) nor Workday (WDAY) 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%

WDAY

Software & Services industry group

0.00%

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

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

Dividend Metrics

Dividend metrics for Strategy (MSTR) and Workday (WDAY)
Metric	MSTR	WDAY
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: Workday (WDAY) trades at 39.29 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: --

WDAY

Software & Services industry group

39.29

Max: 112.94
Q3: 60.32
WDAY: 39.29
Median: 32.91
Q1: 18.77
Min: 6.69

Strategy (MSTR) vs. Workday (WDAY): MSTR does not report P/E ratio, so it has no value marker; WDAY is benchmarked against the Software & Services industry group.

P/S Ratio (TTM)

Workday (WDAY) at 4.58 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.

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

WDAY

Software & Services industry group

4.58

Max: 17.91
Q3: 8.78
WDAY: 4.58
Median: 4.25
Q1: 2.23
Min: 0.02

Strategy (MSTR) vs. Workday (WDAY): 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 Workday (WDAY) at 7.20 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

WDAY

Software & Services industry group

7.20

Max: 16.63
Q3: 8.50
WDAY: 7.20
Median: 4.30
Q1: 1.92
Min: -3.90

Strategy (MSTR) vs. Workday (WDAY): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Strategy (MSTR) and Workday (WDAY)
Metric	MSTR	WDAY
P/E Ratio (TTM)	--	39.29
P/S Ratio (TTM)	110.23	4.58
P/B Ratio (MRQ)	0.98	7.20
Free Cash Flow Yield (TTM)	-5.94%	6.55%