Strategy (MSTR) Return on Capital Employed (2011 - 2026)
Strategy (MSTR) posted Return on Capital Employed of 24.31% for Q1 2026, down 199.95% sequentially from 8.1% in Q4 2025, and down 241.0% YoY from 17.24% in Q1 2025.
Strategy (MSTR) Return on Capital Employed (2011 - 2026) Analysis & Trends
Strategy has reported Return on Capital Employed for 16 years, with the latest figure at 24.31% in Q1 2026.
- Quarterly Return on Capital Employed fell 241.0% year-over-year to 24.31% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 24.31% (down 241.0% YoY) and the FY2025 annual result came in at 12.58%, down 18.0% from the prior year.
- Return on Capital Employed retreated to 24.31% in Q1 2026 per MSTR's latest filing, from 8.1% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 15.95% in Q3 2025 and troughed at 59.05% in Q4 2022.
- A 5-year average of 18.2% and a median of 11.07% in 2024 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed sank 3254 bps in 2022, then surged 5598 bps in 2023.
- Over 5 years, Return on Capital Employed stood at 59.05% in 2022, then surged by 95 bps to 3.07% in 2023, then sank by 260 bps to 11.07% in 2024, then gained by 27 bps to 8.1% in 2025, then plunged by 200 bps to 24.31% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 24.31%, 8.1%, and 15.95% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 38.72% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 14.37% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 10.65% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 13.97% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 10.59% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -25.94% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -46.62% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 51.24% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 23.43% |
| 10 | Strategy | 32.75 Bn | 30.30 Bn | 81.55 Mn | -68.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -68.70% |
| Mar 31, 2026 | -24.31% |
| Dec 31, 2025 | -8.10% |
| Sep 30, 2025 | 15.95% |
| Jun 30, 2025 | 12.33% |
| Mar 31, 2025 | -21.90% |
| Dec 31, 2024 | -11.07% |
| Sep 30, 2024 | -11.87% |
| Jun 30, 2024 | -7.54% |
| Mar 31, 2024 | -5.69% |
| Dec 31, 2023 | -3.07% |
| Sep 30, 2023 | -8.58% |
| Jun 30, 2023 | -8.03% |
| Mar 31, 2023 | -46.80% |
| Dec 31, 2022 | -59.05% |
| Sep 30, 2022 | -53.11% |
| Jun 30, 2022 | -45.07% |
| Mar 31, 2022 | -23.42% |
| Dec 31, 2021 | -26.51% |
| Sep 30, 2021 | -25.35% |