Strategy MSTR
NASDAQ MSTR
$157.14 -1.47 (-0.93%)
At close: Sep 28, 2026 · 4:00 PM EDT

Strategy (MSTR) EV to FCF (2011 - 2023)

Updated

Strategy's (MSTR) EV to FCF came in at 1085.23 for Q4 2023, down 49.5% from 2150.65 a year earlier.

Analysis

Strategy (MSTR) EV to FCF (2011 - 2023) Analysis & Trends

Since Q2 2011, Strategy has reported EV to FCF for 46 quarters.

  • In prior years, Strategy's EV to FCF was 2150.65 in FY2022, 59.18 in FY2021 (-58.0%), 140.86 in FY2020 (+696.0%) and 17.70 in FY2019 (-92.4%).
  • The Q4 2023 figure stands as the lowest quarterly EV to FCF since Q3 2022.
  • On a year-over-year basis, EV to FCF increased in 1 of the last four quarters, with growth averaging 37.8%.
  • The strongest year-over-year quarter for EV to FCF in the past five years was Q4 2020, with growth of 696.0%; the weakest was Q1 2020, with a decline of 96.3%.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Palantir Technologies 450.50 Bn 419.56 Bn 1.64 Bn
2 Oracle 401.01 Bn 273.57 Bn -
3 Sap Se 257.03 Bn 178.11 Bn 8.40 Bn
4 Salesforce 187.04 Bn 142.92 Bn 8.70 Bn
5 ServiceNow 135.91 Bn 114.37 Bn 2.82 Bn
6 Automatic Data Processing 104.14 Bn 86.27 Bn 2.51 Bn
7 Intuit 72.30 Bn 51.65 Bn 3.44 Bn
8 Relx 60.17 Bn 57.14 Bn -
9 Strategy 55.31 Bn 48.30 Bn 81.55 Mn
10 Workday 45.49 Bn 21.61 Bn 2.00 Bn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2023 1,085.23
Dec 31, 2022 2,150.65
Sep 30, 2022 190.44
Jun 30, 2022 48.12
Mar 31, 2022 133.84
Dec 31, 2021 59.18
Sep 30, 2021 51.34
Jun 30, 2021 121.99
Mar 31, 2021 148.27
Dec 31, 2020 140.86
Sep 30, 2020 40.01
Jun 30, 2020 17.61
Mar 31, 2020 10.89
Dec 31, 2019 17.70
Sep 30, 2019 95.18
Jun 30, 2019 37.40
Mar 31, 2019 298.35
Dec 31, 2018 231.81
Sep 30, 2018 19.79
Jun 30, 2018 12.86
API Access

Strategy EV to FCF 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=ev-to-fcf&ticker=MSTR&period=max&api_key=YOUR_API_KEY