GURUFOCUS.COM » STOCK LIST » Technology » Software » Strategy (NAS:MSTR) » Definitions » EBIT

MSTR (Strategy) EBIT : $-7,595.7 Mil (TTM As of Mar. 2025)


View and export this data going back to 1998. Start your Free Trial

What is Strategy EBIT?

Strategy's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2025 was $-5,925.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2025 was $-7,595.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Strategy's annualized ROC % for the quarter that ended in Mar. 2025 was -0.13%. Strategy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was -29,208.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Strategy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was -6.44%.


Strategy EBIT Historical Data

The historical data trend for Strategy's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Strategy EBIT Chart

Strategy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.07 -782.24 -1,269.33 -75.57 -1,872.41

Strategy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -202.01 -199.58 -460.55 -1,010.27 -5,925.35

Competitive Comparison of Strategy's EBIT

For the Software - Application subindustry, Strategy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Strategy's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Strategy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Strategy's EV-to-EBIT falls into.


;
;

Strategy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7,595.7 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Strategy  (NAS:MSTR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Strategy's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=-61.628 * ( 1 - 29.03% )/( (25888.214 + 43965.151)/ 2 )
=-43.7373916/34926.6825
=-0.13 %

where

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=25843.685 - 58.531 - ( 38.117 - max(0, 355.384 - 252.324+38.117))
=25888.214

Invested Capital(Q: Mar. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=43919.76 - 59.686 - ( 60.298 - max(0, 308.689 - 203.612+60.298))
=43965.151

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Strategy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-23701.392/( ( (80.887 + max(-140.66, 0)) + (81.405 + max(-164.85, 0)) )/ 2 )
=-23701.392/( ( 80.887 + 81.405 )/ 2 )
=-23701.392/81.146
=-29,208.33 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(181.203 + 0 + 33.004) - (58.531 + 237.974 + 58.362)
=-140.66

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(104.585 + 0 + 38.729) - (59.686 + 215.693 + 32.785)
=-164.85

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Strategy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2025 )
=-7595.747/118010.462
=-6.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Strategy EBIT Related Terms

Thank you for viewing the detailed overview of Strategy's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Strategy Business Description

Address
1850 Towers Crescent Plaza, Tysons Corner, VA, USA, 22182
Strategy is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provide industry AI-powered enterprise analytics software.
Executives
Jarrod M Patten director MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Andrew Kang officer: SEVP & CFO 5565 GLENRIDGE CONNECTOR, SUITE 700, ATLANTA GA 30342
Wei-ming Shao officer: SEVP & General Counsel MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Leslie J Rechan director 2207 BRIDGEPOINTE PARKWAY, SAN MATEO CA 94404
Phong Le officer: SEVP & CFO MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Jeanine Montgomery officer: Senior VP & CAO C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170
Stephen X Graham director MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Carl J Rickertsen director MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Michael J Saylor director, 10 percent owner, officer: Chairman and CEO MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Timothy Edwin Lang officer: SEVP & CTO MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Kevin Adkisson officer: SEVP & CRO 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Lisa Mayr officer: SEVP & CFO C/O MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Robert H Epstein director 1850 TOWERS CRESCENT PLAZA, VIENNA VA 22182
Kevin Norlin officer: SEVP, Worldwide Sales MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Margaret Anne Breya director MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182