Strategy (MSTR) Return on Invested Capital [ROIC] (2021 - 2026)
Strategy (MSTR) posted Return on Invested Capital [ROIC] of -73.94% for Q2 2026, down 84.10 percentage points from 10.15% a year earlier and down 48.99 percentage points from the prior quarter.
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Analysis
Strategy (MSTR) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, Strategy's Return on Invested Capital [ROIC] came in at -8.38%, down 3.12 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a four-year change of +17.08 percentage points (FY2021 to FY2025).
- In prior years, Strategy's Return on Invested Capital [ROIC] was -5.26% in FY2024 (-5.26 pp), 0.00% in FY2023 (+49.74 pp), -49.74% in FY2022 (-24.27 pp) and -25.46% in FY2021.
- The Q2 2026 figure stands as the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2021.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined in each of the last three quarters, with an average year-over-year change of -10.93 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q4 2023, with a gain of 61.15 percentage points; the weakest was Q2 2026, with a drop of 84.10 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was -24.95% (Q1 2026), -6.71% (Q4 2025) and 13.74% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 386.60 Bn | 351.42 Bn | 1.93 Bn | - |
| 2 | Oracle | 343.94 Bn | 216.07 Bn | - | 10.99% |
| 3 | Sap Se | 272.35 Bn | 199.75 Bn | 8.64 Bn | 35.64% |
| 4 | Salesforce | 175.46 Bn | 131.33 Bn | 8.70 Bn | 9.01% |
| 5 | Automatic Data Processing | 122.07 Bn | 108.86 Bn | 2.53 Bn | -47.20% |
| 6 | ServiceNow | 105.47 Bn | 84.73 Bn | 2.90 Bn | 5.25% |
| 7 | Intuit | 94.25 Bn | 73.60 Bn | 3.44 Bn | 16.71% |
| 8 | Relx | 73.66 Bn | 72.75 Bn | - | - |
| 9 | Strategy | 51.78 Bn | 38.91 Bn | 89.63 Mn | -27.59% |
| 10 | Thomson Reuters | 50.52 Bn | 46.49 Bn | - | 2,275.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -27.59% |
| Jun 30, 2026 | -73.94% |
| Mar 31, 2026 | -24.95% |
| Dec 31, 2025 | -6.71% |
| Sep 30, 2025 | 13.74% |
| Jun 30, 2025 | 10.15% |
| Mar 31, 2025 | -13.40% |
| Dec 31, 2024 | -4.84% |
| Sep 30, 2024 | -5.04% |
| Jun 30, 2024 | -3.00% |
| Mar 31, 2024 | -1.42% |
| Dec 31, 2023 | 0.00% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | 0.00% |
| Mar 31, 2023 | -37.72% |
| Dec 31, 2022 | -61.15% |
| Sep 30, 2022 | -55.88% |
| Jun 30, 2022 | -47.12% |
| Mar 31, 2022 | -16.74% |
| Dec 31, 2021 | -18.01% |
API Access
Strategy Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();