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FCF Margin for Strategy (MSTR)

As of · Reported

Metric

TTM

1520.7%

YoY change

+4755.15pp

Trough year (2024)

-4777.0%

Peak year (2005)

37.5%

FCF Margin history chart for Strategy (MSTR) from 1997 to 2025

Latest: -21.8%

FCF Margin change chart for Strategy (MSTR) from 1997 to 2025

Latest: +4755.15pp

FCF Margin history table for Strategy (MSTR) from 1997 to 2025

  • 2025-21.8%+4755.15pp
  • 2024-4777.0%-4395.64pp
  • 2023-381.4%-323.83pp
  • 2022-57.5%+438.87pp
  • 2021-496.4%-272.77pp
  • 2020-223.6%-234.04pp
  • 201910.4%+9.66pp
  • 20180.8%-13.99pp
  • 201714.8%-6.32pp
  • 201621.1%-4.71pp
  • 201525.8%+26.85pp
  • 2014-1.1%-3.40pp
  • 20132.3%+0.19pp
  • 20122.1%-1.25pp
  • 20113.4%-9.23pp
  • 201012.6%-6.96pp
  • 200919.6%+7.04pp
  • 200812.5%-13.63pp
  • 200726.2%-5.57pp
  • 200631.7%-5.72pp
  • 200537.5%+2.90pp
  • 200434.6%+16.07pp
  • 200318.5%+23.22pp
  • 2002-4.7%-0.98pp
  • 2001-3.7%+56.60pp
  • 2000-60.3%-44.71pp
  • 1999-15.6%-3.23pp
  • 1998-12.4%-10.50pp
  • 1997-1.9%—

FCF Margin values are taken from Strategy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Strategy (MSTR)

According to Strategy's latest reported financial statements, the company's latest reported free cash flow margin is 1520.7%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual free cash flow margin for Strategy (MSTR) came in at -21.84% – expanded 4755.2 percentage points year-over-year.

37.46% stands as the all-time-high annual free cash flow margin, posted in 2005, against a low of -4776.99% during 2024.

Strategy FCF Margin by Year

Strategy FCF Margin 2025: -21.8%

Strategy posted free cash flow margin of -21.84% in 2025, expanded 4755.2 percentage points from 2024.

Strategy FCF Margin 2024: -4777.0%

In 2024, Strategy reported free cash flow margin of -4776.99%, contracted 4395.6 percentage points from 2023. This figure represents the lowest annual value in the available history.

Strategy FCF Margin 2023: -381.4%

Strategy free cash flow margin in 2023 was -381.36%, contracted 323.8 percentage points from 2022.

Strategy FCF Margin 2022: -57.5%

2022's free cash flow margin for Strategy came in at -57.52%, expanded 438.9 percentage points from 2021.

Strategy FCF Margin 2021: -496.4%

Strategy free cash flow margin in 2021 was -496.40%.

See more financial history for Strategy (MSTR).

Sector peers by FCF Margin

Technology peers of Strategy (MSTR), ranked by their latest free cash flow margin

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Strategy (MSTR) Key Financials

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Capital Return

No dividends paid by this company.