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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Strategy (MSTR) Gross Margin (2016 - 2025)

Strategy (MSTR) has disclosed Gross Margin for 16 consecutive years, with 66.11% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 558.0% to 66.11% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 68.69% through Dec 2025, down 337.0% year-over-year, with the annual reading at 68.69% for FY2025, 337.0% down from the prior year.
  • Gross Margin hit 66.11% in Q4 2025 for Strategy, down from 70.46% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 82.56% in Q3 2021 to a low of 66.11% in Q4 2025.
  • Historically, Gross Margin has averaged 75.99% across 5 years, with a median of 77.4% in 2023.
  • Biggest five-year swings in Gross Margin: skyrocketed 368bps in 2021 and later tumbled -900bps in 2024.
  • Year by year, Gross Margin stood at 82.16% in 2021, then fell by -3bps to 79.84% in 2022, then fell by -3bps to 77.33% in 2023, then dropped by -7bps to 71.69% in 2024, then dropped by -8bps to 66.11% in 2025.
  • Business Quant data shows Gross Margin for MSTR at 66.11% in Q4 2025, 70.46% in Q3 2025, and 68.77% in Q2 2025.