RELX vs BLSH vs MSTR Stock Comparison

Relx, Bullish and Strategy Prices as of Nov 4, 2026 Peers: Industry group
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RELX Relx Plc
$41.08 +21.5% 1M -7.3% 1Y
Market cap
$74.73B
P/E
–
Revenue (TTM)
—
Div. yield
2.22%
Analytics and BI Technology
4 wins
BLSH Bullish
$23.11 -32.7% 1M -49.5% 1Y
Market cap
$3.49B
P/E
–
Revenue (TTM)
$190.34B
Div. yield
–
Blockchain Infrastructure Technology
3 wins
MSTR Strategy Inc
$142.54 -13.3% 1M -42.3% 1Y
Market cap
$57.35B
P/E
–
Revenue (TTM)
$495.08M
Div. yield
–
Analytics and BI Technology
3 wins

Head to Head

10 decided of 12

Relx leads on 4 of the 12 questions below (Relx 4, Strategy 3, Bullish 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionRELXBLSHMSTRLeader
Larger companyMarket capitalisation $74.73B $3.49B $57.35B RELX
Cheaper on earningsLower P/E, profitable companies only — -2.1x -3.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.7x 55.0x — RELX
Faster revenue growthRevenue growth, trailing twelve months — -26.5% +4.2% MSTR
More profitableNet margin, trailing twelve months — -0.7% -3,008.3% BLSH
Better return on capitalReturn on invested capital — -8.6% -27.6% BLSH
Less leveragedLower net debt / EBITDA — 1.5x 0.0x MSTR
Higher dividend yieldTrailing dividend yield 2.22% — — –
Better 1-year returnPrice return, last 12 months -7.3% -49.5% -42.3% RELX
Better 5-year returnAnnualised price return, 5 years +5.3%/yr — +12.3%/yr MSTR
Less volatileAnnualised volatility, 1 year 35.6% 74.5% 80.9% RELX
Higher overall scoreMean of the five percentile scores vs peers — 63/100 25/100 BLSH

Percentile Scorecard

RELXBLSHMSTR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisRELXBLSHMSTR
Valuation – 78 #23 of 99 12 #87 of 99
Growth – 33 #63 of 94 9 #89 of 98
Profitability – 47 #48 of 90 11 #86 of 96
Financial Health 18 #91 of 111 95 #6 of 105 88 #14 of 111
Shareholder Returns 42 #39 of 67 – 3 #65 of 67
Overall – 63 25
  • RELX ranked among 113 companies in Business Applications
  • BLSH ranked among 109 companies in Fintech
  • MSTR ranked among 113 companies in Business Applications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodRELXBLSHMSTRSPY
1 month +21.5%-32.7%-13.3% -1.0%
3 months +12.2%-3.1%+44.9% -0.4%
6 months +14.9%-47.8%-23.7% +4.5%
Year to date +1.6%-39.0%-6.2% +12.4%
1 year -7.3%-49.5%-42.3% +13.6%
3 years +17.0%—+214.0% +76.4%
3 years, per year +5.4%—+46.5% +20.8%
5 years +29.5%—+78.7% +63.7%
5 years, per year +5.3%—+12.3% +10.4%
10 years +134.7%—+649.4% +267.7%
10 years, per year +8.9%—+22.3% +13.9%

Risk

MeasureRELXBLSHMSTRSPY
Volatility, 1Y 35.6%74.5%80.9% 12.8%
Downside volatility, 1Y 36.3%73.6%74.6% 12.7%
Beta vs S&P 500, 1Y 0.192.803.12 1.00
Return / volatility, 1Y -0.20-0.66-0.52 1.06
Max drawdown, 5Y -50.2%-70.8%-84.1% -25.4%
From 52-week high -7.9%-52.3%-44.1% -1.6%
52-week high $44.58$48.42$255.00 $779.14
52-week low $27.73$21.79$82.31 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleRELXBLSHMSTR
P/E now vs peer median —median 25.3x -2.1xmedian 21.9x -3.8xmedian 25.3x
P/S now vs peer median —median 2.8x 0.0xmedian 2.3x 115.8xmedian 2.8x
EV/EBITDA now vs peer median —median 16.5x -14.9xmedian 16.4x -3.0xmedian 16.5x
P/FCF now vs peer median —median 16.1x 30.6xmedian 17.4x -5,154xmedian 16.1x
P/B now vs peer median 44.9xmedian 2.8x 1.4xmedian 1.7x 1.0xmedian 2.8x
PEG now vs peer median —median 0.84 —median 0.91 0.01median 0.84

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsRELXBLSHMSTR
Revenue – $190.34B $495.08M
Gross profit – $71.94M $335.84M
Operating income – -$218.40M -$19.34B
Net income – -$1.43B -$13.67B
Free cash flow – $113.88M -$11.13M
R&D – – $94.59M
EPS (diluted) – $-10.84 $-34.79
Cash & equivalents $291.59M $86.61M $2.50B
Total debt $3.11B $11.00K $6.72B
Shares (diluted) 1.84B 127.72M 428.05M
Enterprise value $73.84B -$429.63M $44.49B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricRELXBLSHMSTR
P/E – -2.1x -3.8x
P/FCF – 30.6x -5,154x
P/Operating cash flow – 28.3x -7,790x
P/S – 0.0x 115.8x
P/B 44.9x 1.4x 1.0x
P/Tangible book -30.4x 1.5x -3.7x
EV/EBITDA – -14.9x -3.0x
EV/EBIT – -14.5x -3.0x
EV/Revenue – 0.0x 117.5x
EV/FCF – 27.9x -5,227x
EV/Operating cash flow – 25.8x -7,900x
PEG (3Y EPS CAGR) – – 0.01

Growth

14 metrics
MetricRELXBLSHMSTR
Revenue growth (1Y) – -26.5% 4.2%
Revenue CAGR (3Y) – – -0.6%
Gross profit growth (1Y) – -17.9% 0.8%
Gross profit CAGR (3Y) – – -5.3%
Operating income growth (1Y) – -54.4% -276.0%
Operating income CAGR (3Y) – – -317.4%
Net income growth (1Y) – -858.6% -272.6%
Net income CAGR (3Y) – – -435.2%
EPS growth (1Y) – -755.9% -242.2%
EPS CAGR (3Y) – – -284.4%
Operating cash flow growth (1Y) – 190.7% 88.3%
Operating cash flow CAGR (3Y) – – -3.3%
Free cash flow growth (1Y) – 171.4% 84.3%
Free cash flow CAGR (3Y) – – -4.0%

Profitability

14 metrics
MetricRELXBLSHMSTR
Gross margin – 0.0% 67.8%
EBITDA margin – -0.1% -3,893%
Operating margin – -0.1% -3,906%
Pretax margin – -0.8% -3,879%
Net margin – -0.7% -3,008%
FCF margin – 0.1% -2.2%
Operating cash flow margin – 0.1% -1.5%
Return on equity – -56.5% -31.7%
Return on assets – -44.5% -21.1%
Return on invested capital – -8.6% -27.6%
Return on capital employed – -7.1% -30.5%
Asset turnover – 59.3x 0.0x
Cash conversion (OCF / net income) – -0.1x 0.0x
Stock comp / revenue – 0.0% 10.3%

Financial Health

11 metrics
MetricRELXBLSHMSTR
Debt / assets 15.6% 0.0% 8.7%
Debt / equity 1.9x 0.0x 0.1x
Net debt / EBITDA – 1.5x 0.0x
Debt / FCF – 0.0x -603.5x
Liabilities / assets 91.7% 22.0% 28.1%
Equity / assets 8.3% 78.0% 71.9%
Interest coverage – -3.8x –
Current ratio – 23.5x 4.0x
Quick ratio 0.4x 4.7x 4.0x
Cash ratio 0.0x 2.5x 3.9x
Altman Z-score – 63.98 0.91

Shareholder Returns

7 metrics
MetricRELXBLSHMSTR
Dividend yield 2.2% – –
Net buyback yield – – -46.7%
Shareholder yield 2.2% – -46.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusRELXBLSHMSTR
Forward P/E 22.7xFY2026 55.0xFY2026 –
EPS, next fiscal year $1.81FY2026 $0.42FY2026 $-18.79FY2026
EPS growth, next FY +3.4%FY2026 +40.0%FY2026 –
EPS growth, the year after +19.9% +95.2% –
Revenue, next fiscal year $13.79BFY2026 $364.64MFY2026 $465.93MFY2026
Revenue growth, next FY +5.4%FY2026 +26.4%FY2026 -2.4%FY2026
Revenue growth, the year after +0.4% +5.7% +14.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersRELXBLSHMSTR
Held by institutions 4.7% 32.8% 59.5%
Institutions holding 441 176 854
Change in shares held, QoQ +0.2% +7.8% +9.6%
Institutions buying 222 87 474
Institutions selling 157 70 266
Buyers to sellers 1.41 1.24 1.78

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

RELXBLSHMSTR
RELX 1.00 0.08 0.10
BLSH 0.08 1.00 0.65
MSTR 0.10 0.65 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, RELX, BLSH and MSTR?

Relx (RELX) is the largest by market capitalisation: Relx (RELX) $74.73B, Bullish (BLSH) $3.49B, Strategy (MSTR) $57.35B.

Which company is growing faster?

Strategy (MSTR) grew revenue fastest over the trailing twelve months: Bullish (BLSH) -26.5%, Strategy (MSTR) +4.2%.

Which company is more profitable?

Bullish (BLSH) has the highest net margin (Bullish (BLSH) -0.7%, Strategy (MSTR) -3,008.3%). On return on invested capital, Bullish (BLSH) leads (Bullish (BLSH) -8.6%, Strategy (MSTR) -27.6%).

Which stock has performed better?

Over the past year Relx (RELX) returned the most: Relx (RELX) -7.3%, Bullish (BLSH) -49.5%, Strategy (MSTR) -42.3%. Over five years, Strategy (MSTR) compounded fastest (Relx (RELX) +5.3%/yr, Strategy (MSTR) +12.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Relx (RELX) 2.22%. Bullish (BLSH) and Strategy (MSTR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Relx (RELX) has been the steadiest (Relx (RELX) 35.6%, Bullish (BLSH) 74.5%, Strategy (MSTR) 80.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RELX, BLSH and MSTR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Relx (RELX) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.