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Stock Comparison

STRD vs BTBT vs MSTR vs MARA

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
STRD
MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock

Financial - Capital Markets

Financial ServicesNASDAQ • US
Market Cap$22.44B
5Y Perf.-15.0%
BTBT
Bit Digital, Inc.

Financial - Capital Markets

Financial ServicesNASDAQ • US
Market Cap$580M
5Y Perf.-17.8%
MSTR
Strategy Inc

Software - Application

TechnologyNASDAQ • US
Market Cap$62.64B
5Y Perf.-53.6%
MARA
Marathon Digital Holdings, Inc.

Financial - Capital Markets

Financial ServicesNASDAQ • US
Market Cap$4.92B
5Y Perf.-17.5%

STRD vs BTBT vs MSTR vs MARA — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
STRD logoSTRD
BTBT logoBTBT
MSTR logoMSTR
MARA logoMARA
IndustryFinancial - Capital MarketsFinancial - Capital MarketsSoftware - ApplicationFinancial - Capital Markets
Market Cap$22.44B$580M$62.64B$4.92B
Revenue (TTM)$477M$164M$490M$907M
Net Income (TTM)$-3.85B$137M$-12.36B$-1.31B
Gross Margin68.7%61.9%68.1%-47.7%
Operating Margin-11.4%16.8%94.2%-90.6%
Forward P/E1.4x9.0x3.5x
Total Debt$8.24B$14M$8.28B$3.65B
Cash & Equiv.$2.30B$95M$2.30B$547M

STRD vs BTBT vs MSTR vs MARALong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

STRD
BTBT
MSTR
MARA
StockJun 25May 26Return
MicroStrategy Incor… (STRD)10085.0-15.0%
Bit Digital, Inc. (BTBT)10082.2-17.8%
Strategy Inc (MSTR)10046.4-53.6%
Marathon Digital Ho… (MARA)10082.5-17.5%

Price return only. Dividends and distributions are not included.

Quick Verdict: STRD vs BTBT vs MSTR vs MARA

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: STRD and BTBT are tied at the top with 3 categories each — the right choice depends on your priorities. Bit Digital, Inc. is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. MSTR also leads in specific categories worth noting. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
STRD
MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock
The Banking Pick

STRD carries the broadest edge in this set and is the clearest fit for sleep-well-at-night.

  • Lower volatility, beta 0.85, Low D/E 16.1%, current ratio 5.62x
  • Better valuation composite
  • Beta 0.85 vs BTBT's 3.41
  • -1.3% vs MSTR's -54.7%
Best for: sleep-well-at-night
BTBT
Bit Digital, Inc.
The Banking Pick

BTBT is the #2 pick in this set and the best alternative if growth exposure and bank quality is your priority.

  • Rev growth 264.6%, EPS growth 225.0%
  • NIM 0.1% vs MARA's 0.1%
  • 264.6% NII/revenue growth vs STRD's 3.0%
  • 17.3% margin vs MSTR's -25.2%
Best for: growth exposure and bank quality
MSTR
Strategy Inc
The Income Pick

MSTR is the clearest fit if your priority is income & stability and long-term compounding.

  • Dividend streak 1 yrs, beta 2.56, yield 0.7%
  • 9.0% 10Y total return vs STRD's -1.3%
  • Beta 2.56, yield 0.7%, current ratio 5.62x
  • 0.7% yield, 1-year raise streak, vs BTBT's 0.3%, (2 stocks pay no dividend)
Best for: income & stability and long-term compounding
MARA
Marathon Digital Holdings, Inc.
The Financial Play

MARA lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: financial services exposure
See the full category breakdown
CategoryWinnerWhy
GrowthBTBT logoBTBT264.6% NII/revenue growth vs STRD's 3.0%
ValueSTRD logoSTRDBetter valuation composite
Quality / MarginsBTBT logoBTBT17.3% margin vs MSTR's -25.2%
Stability / SafetySTRD logoSTRDBeta 0.85 vs BTBT's 3.41
DividendsMSTR logoMSTR0.7% yield, 1-year raise streak, vs BTBT's 0.3%, (2 stocks pay no dividend)
Momentum (1Y)STRD logoSTRD-1.3% vs MSTR's -54.7%
Efficiency (ROA)BTBT logoBTBT19.0% ROA vs MSTR's -19.4%, ROIC 6.5% vs -9.9%

STRD vs BTBT vs MSTR vs MARA — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

STRDMicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock

Segment breakdown not available.

BTBTBit Digital, Inc.
FY 2024
Other Member
100.0%$550,260
MSTRStrategy Inc
FY 2025
Product Licenses And Subscription Services
50.0%$215M
Subscription And Circulation
40.8%$176M
License
9.2%$40M
MARAMarathon Digital Holdings, Inc.
FY 2025
Hosting Services
100.0%$5M

STRD vs BTBT vs MSTR vs MARA — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLSTRDLAGGINGMARA

Income & Cash Flow (Last 12 Months)

Evenly matched — BTBT and MSTR each lead in 2 of 5 comparable metrics.

MARA is the larger business by revenue, generating $907M annually — 5.5x BTBT's $164M. BTBT is the more profitable business, keeping 17.3% of every revenue dollar as net income compared to MSTR's -25.2%.

MetricSTRD logoSTRDMicroStrategy Inc…BTBT logoBTBTBit Digital, Inc.MSTR logoMSTRStrategy IncMARA logoMARAMarathon Digital …
RevenueTrailing 12 months$477M$164M$490M$907M
EBITDAEarnings before interest/tax-$9.3B$166M$480M$627M
Net IncomeAfter-tax profit-$3.8B$137M-$12.4B-$1.3B
Free Cash FlowCash after capex-$46M-$448M$7.6B-$312M
Gross MarginGross profit ÷ Revenue+68.7%+61.9%+68.1%-47.7%
Operating MarginEBIT ÷ Revenue-11.4%+16.8%+94.2%-90.6%
Net MarginNet income ÷ Revenue-8.1%+17.3%-25.2%-144.6%
FCF MarginFCF ÷ Revenue-65.3%+15.5%-34.4%
Rev. Growth (YoY)Latest quarter vs prior year+11.9%
EPS Growth (YoY)Latest quarter vs prior year-13.2%+2.8%-132.0%-4.8%
Evenly matched — BTBT and MSTR each lead in 2 of 5 comparable metrics.

Valuation Metrics

STRD leads this category, winning 2 of 4 comparable metrics.
MetricSTRD logoSTRDMicroStrategy Inc…BTBT logoBTBTBit Digital, Inc.MSTR logoMSTRStrategy IncMARA logoMARAMarathon Digital …
Market CapShares × price$22.4B$580M$62.6B$4.9B
Enterprise ValueMkt cap + debt − cash$28.4B$498M$68.6B$8.0B
Trailing P/EPrice ÷ TTM EPS-5.01x9.00x-12.32x-3.51x
Forward P/EPrice ÷ next-FY EPS est.1.45x3.50x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple8.32x
Price / SalesMarket cap ÷ Revenue47.02x3.54x131.25x5.42x
Price / BookPrice ÷ Book value/share0.42x0.55x1.08x1.32x
Price / FCFMarket cap ÷ FCF
STRD leads this category, winning 2 of 4 comparable metrics.

Profitability & Efficiency

BTBT leads this category, winning 8 of 9 comparable metrics.

BTBT delivers a 21.4% return on equity — every $100 of shareholder capital generates $21 in annual profit, vs $-31 for MARA. BTBT carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to MARA's 1.05x. On the Piotroski fundamental quality scale (0–9), BTBT scores 6/9 vs MARA's 3/9, reflecting solid financial health.

MetricSTRD logoSTRDMicroStrategy Inc…BTBT logoBTBTBit Digital, Inc.MSTR logoMSTRStrategy IncMARA logoMARAMarathon Digital …
ROE (TTM)Return on equity-8.0%+21.4%-24.1%-30.5%
ROA (TTM)Return on assets-6.3%+19.0%-19.4%-17.1%
ROICReturn on invested capital-9.6%+6.5%-9.9%-9.0%
ROCEReturn on capital employed-12.6%+8.5%-12.6%-12.1%
Piotroski ScoreFundamental quality 0–93633
Debt / EquityFinancial leverage0.16x0.03x0.16x1.05x
Net DebtTotal debt minus cash$5.9B-$81M$6.0B$3.1B
Cash & Equiv.Liquid assets$2.3B$95M$2.3B$547M
Total DebtShort + long-term debt$8.2B$14M$8.3B$3.6B
Interest CoverageEBIT ÷ Interest expense-39.91x9.05x4.73x
BTBT leads this category, winning 8 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

MSTR leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in MSTR five years ago would be worth $32,939 today (with dividends reinvested), compared to $1,722 for BTBT. Over the past 12 months, STRD leads with a -1.3% total return vs MSTR's -54.7%. The 3-year compound annual growth rate (CAGR) favors MSTR at 85.3% vs BTBT's -7.6% — a key indicator of consistent wealth creation.

MetricSTRD logoSTRDMicroStrategy Inc…BTBT logoBTBTBit Digital, Inc.MSTR logoMSTRStrategy IncMARA logoMARAMarathon Digital …
YTD ReturnYear-to-date+4.3%-11.8%+19.4%+30.6%
1-Year ReturnPast 12 months-1.3%-13.5%-54.7%-9.4%
3-Year ReturnCumulative with dividends-1.3%-21.1%+536.5%+38.7%
5-Year ReturnCumulative with dividends-1.3%-82.8%+229.4%-53.5%
10-Year ReturnCumulative with dividends-1.3%-61.0%+896.8%-50.7%
CAGR (3Y)Annualised 3-year return-0.4%-7.6%+85.3%+11.5%
MSTR leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

STRD leads this category, winning 2 of 2 comparable metrics.

STRD is the less volatile stock with a 0.85 beta — it tends to amplify market swings less than BTBT's 3.41 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. STRD currently trades 78.8% from its 52-week high vs BTBT's 39.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricSTRD logoSTRDMicroStrategy Inc…BTBT logoBTBTBit Digital, Inc.MSTR logoMSTRStrategy IncMARA logoMARAMarathon Digital …
Beta (5Y)Sensitivity to S&P 5000.85x3.41x2.56x3.10x
52-Week HighHighest price in past year$96.81$4.55$457.22$23.45
52-Week LowLowest price in past year$64.17$1.25$104.17$6.66
% of 52W HighCurrent price vs 52-week peak+78.8%+39.6%+41.0%+55.2%
RSI (14)Momentum oscillator 0–10045.962.262.765.7
Avg Volume (50D)Average daily shares traded93K18.6M18.7M47.5M
STRD leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

MSTR leads this category, winning 2 of 2 comparable metrics.

Analyst consensus: BTBT as "Buy", MSTR as "Buy", MARA as "Buy". Consensus price targets imply 177.8% upside for BTBT (target: $5) vs 24.7% for MARA (target: $16). For income investors, MSTR offers the higher dividend yield at 0.69% vs BTBT's 0.31%.

MetricSTRD logoSTRDMicroStrategy Inc…BTBT logoBTBTBit Digital, Inc.MSTR logoMSTRStrategy IncMARA logoMARAMarathon Digital …
Analyst RatingConsensus buy/hold/sellBuyBuyBuy
Price TargetConsensus 12-month target$5.00$304.00$16.13
# AnalystsCovering analysts22919
Dividend YieldAnnual dividend ÷ price+0.3%+0.7%
Dividend StreakConsecutive years of raises01
Dividend / ShareAnnual DPS$0.01$1.30
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%0.0%+1.0%
MSTR leads this category, winning 2 of 2 comparable metrics.
Key Takeaway

STRD leads in 2 of 6 categories (Valuation Metrics, Risk & Volatility). MSTR leads in 2 (Total Returns, Analyst Outlook). 1 tied.

Best OverallMicroStrategy Incorporated … (STRD)Leads 2 of 6 categories
Loading custom metrics...

STRD vs BTBT vs MSTR vs MARA: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is STRD or BTBT or MSTR or MARA a better buy right now?

For growth investors, Bit Digital, Inc.

(BTBT) is the stronger pick with 264. 6% revenue growth year-over-year, versus 3. 0% for MicroStrategy Incorporated 10. 00% Series A Perpetual Stride Preferred Stock (STRD). Bit Digital, Inc. (BTBT) offers the better valuation at 9. 0x trailing P/E, making it the more compelling value choice. Analysts rate Bit Digital, Inc. (BTBT) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — STRD or BTBT or MSTR or MARA?

On forward P/E, MicroStrategy Incorporated 10.

00% Series A Perpetual Stride Preferred Stock is actually cheaper at 1. 4x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — STRD or BTBT or MSTR or MARA?

Over the past 5 years, Strategy Inc (MSTR) delivered a total return of +229.

4%, compared to -82. 8% for Bit Digital, Inc. (BTBT). Over 10 years, the gap is even starker: MSTR returned +896. 8% versus BTBT's -61. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — STRD or BTBT or MSTR or MARA?

By beta (market sensitivity over 5 years), MicroStrategy Incorporated 10.

00% Series A Perpetual Stride Preferred Stock (STRD) is the lower-risk stock at 0. 85β versus Bit Digital, Inc. 's 3. 41β — meaning BTBT is approximately 303% more volatile than STRD relative to the S&P 500. On balance sheet safety, Bit Digital, Inc. (BTBT) carries a lower debt/equity ratio of 3% versus 105% for Marathon Digital Holdings, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — STRD or BTBT or MSTR or MARA?

By revenue growth (latest reported year), Bit Digital, Inc.

(BTBT) is pulling ahead at 264. 6% versus 3. 0% for MicroStrategy Incorporated 10. 00% Series A Perpetual Stride Preferred Stock (STRD). On earnings-per-share growth, the picture is similar: Bit Digital, Inc. grew EPS 225. 0% year-over-year, compared to -314. 5% for Marathon Digital Holdings, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — STRD or BTBT or MSTR or MARA?

Bit Digital, Inc.

(BTBT) is the more profitable company, earning 17. 3% net margin versus -844. 8% for Strategy Inc — meaning it keeps 17. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BTBT leads at 16. 8% versus -1140. 8% for STRD. At the gross margin level — before operating expenses — STRD leads at 68. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is STRD or BTBT or MSTR or MARA more undervalued right now?

On forward earnings alone, MicroStrategy Incorporated 10.

00% Series A Perpetual Stride Preferred Stock (STRD) trades at 1. 4x forward P/E versus 3. 5x for Strategy Inc — 2. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BTBT: 177. 8% to $5. 00.

08

Which pays a better dividend — STRD or BTBT or MSTR or MARA?

In this comparison, MSTR (0.

7% yield), BTBT (0. 3% yield) pay a dividend. STRD, MARA do not pay a meaningful dividend and should not be held primarily for income.

09

Is STRD or BTBT or MSTR or MARA better for a retirement portfolio?

For long-horizon retirement investors, Strategy Inc (MSTR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (0.

7% yield, +896. 8% 10Y return). Bit Digital, Inc. (BTBT) carries a higher beta of 3. 41 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MSTR: +896. 8%, BTBT: -61. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between STRD and BTBT and MSTR and MARA?

These companies operate in different sectors (STRD (Financial Services) and BTBT (Financial Services) and MSTR (Technology) and MARA (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: STRD is a mid-cap quality compounder stock; BTBT is a small-cap high-growth stock; MSTR is a mid-cap quality compounder stock; MARA is a small-cap high-growth stock. MSTR pays a dividend while STRD, BTBT, MARA do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

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Stocks Like

STRD

Quality Business

  • Sector: Financial Services
  • Market Cap > $100B
  • Gross Margin > 41%
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BTBT

High-Growth Compounder

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 132%
  • Net Margin > 10%
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MSTR

Stable Dividend Mega-Cap

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Gross Margin > 40%
Run This Screen
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MARA

High-Growth Disruptor

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 19%
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Beat Both

Find stocks that outperform STRD and BTBT and MSTR and MARA on the metrics below

Revenue Growth>
%
(STRD: 3.0% · BTBT: 264.6%)

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