Strategy (MSTR) Debt Ratio (2020 - 2026)
Strategy's (MSTR) Debt Ratio stood at 0.13 in Q2 2026, up 1.3% from 0.13 a year earlier but down 15.5% from the prior quarter.
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Analysis
Strategy (MSTR) Debt Ratio (2020 - 2026) Analysis & Trends
Starting with Q4 2020, Strategy's Debt Ratio history includes 22 quarters.
- Annual Debt Ratio has declined for three straight years.
- Across earlier years, Debt Ratio came in at 0.28 in FY2024 (-39.3%), 0.46 in FY2023 (-53.6%), 0.99 in FY2022 (+62.9%) and 0.61 in FY2021 (+82.6%).
- Quarterly Debt Ratio has ranged from 0.11 in Q3 2025 to 0.99 in Q4 2022 over the past five years.
- On a year-over-year basis, Debt Ratio rose in 1 of the last eight quarters, with an average decline of 44.1%.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 82.6% in Q4 2021, against a decline of 78.0% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.15 (Q1 2026), 0.13 (Q4 2025) and 0.11 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | - |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 0.41 |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 0.18 |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 0.36 |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 0.07 |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 0.08 |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 0.21 |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | 0.16 |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 0.13 |
| 10 | Workday | 45.49 Bn | 21.61 Bn | 2.00 Bn | 0.19 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.13 |
| Mar 31, 2026 | 0.15 |
| Dec 31, 2025 | 0.13 |
| Sep 30, 2025 | 0.11 |
| Jun 30, 2025 | 0.13 |
| Mar 31, 2025 | 0.19 |
| Dec 31, 2024 | 0.28 |
| Sep 30, 2024 | 0.50 |
| Jun 30, 2024 | 0.55 |
| Mar 31, 2024 | 0.56 |
| Dec 31, 2023 | 0.46 |
| Sep 30, 2023 | 0.65 |
| Jun 30, 2023 | 0.65 |
| Mar 31, 2023 | 0.72 |
| Dec 31, 2022 | 0.99 |
| Sep 30, 2022 | 0.93 |
| Jun 30, 2022 | 0.92 |
| Mar 31, 2022 | 0.65 |
| Dec 31, 2021 | 0.61 |
| Sep 30, 2021 | 0.72 |
API Access
Strategy Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "MSTR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();