What is MicroStrategy's price / earnings?

MicroStrategy (MSTR) reported price / earnings of 11.5× in Q3 2025.

What does price / earnings mean?

How many dollars investors pay for each dollar of the company's annual profit.

How do you interpret price / earnings?

Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.

How does price / earnings compare across companies?

Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.

MicroStrategy MSTR Price / earnings

Price / earnings at other companies

International Business MachinesIBM

21.2×-21.0×

SalesforceCRM

18×-22.9×

OracleORCL

25.8×-12.4×

BlackrockBLK

23.9×+0.6×

Coinbase Global, Inc.COIN

26.9×-1.2×

TD SYNNEXSNX

12.8×-4.1×

Other financials

Income statement

See full

Revenue$124.3M+11.9%

Gross profit$83.4M+8.1%

Operating income-$14.5B-144%

Net income-$12.5B-197%

EPS (diluted)-$38.25-132%

Balance sheet

See full

Cash & equivalents$2.2B+3,561%

Total debt$8.3B+0.8%

Total equity$36.7B+13.8%

Total assets$54.3B+23.6%

Cash flow

See full

Operating cash flow$14.0M+686%

CapEx$952.0K-65.2%

Free cash flow$13.0M+354%

Valuation

See full

Market cap$41.39B-60.7%

Enterprise value$47.44B-40.9%

P/S86.5×+54.6×

Profitability

See full

Gross margin72%-3.6pp

Operating margin518.9%—

Net margin1,663.1%+1,587pp

Returns & leverage

See full

Return on equity28.2%+20.4pp

Debt / equity0.2×0.0×

Current ratio6.1×+5.4×

Where this comes from

Calculated from MicroStrategy’s reported figures.

market cap/net income=11.5×

Based on the most recent quarter.

The official record: MicroStrategy’s 10-Q, filed November 3, 2025, on SEC EDGAR. View the filing →

Ask your AI about MicroStrategy's price / earnings.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is MicroStrategy's price / earnings?: MicroStrategy (MSTR) reported price / earnings of 11.5× in Q3 2025.
What does price / earnings mean?: How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?: Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?: Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.