9 years of historical data (2017–2025) · Technology · Software - Infrastructure
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
CrowdStrike Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 87.8x P/FCF, roughly in line with the 5-year average of 91.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $93.8B | $97.4B | $71.3B | $24.7B | $41.0B | $47.0B | $13.0B | — | — | — |
| Enterprise Value | $90.2B | $93.9B | $68.7B | $23.0B | $39.8B | $45.9B | $12.7B | — | — | — |
| P/E Ratio → | -4726.56 | — | 790.54 | — | — | — | — | — | — | — |
| P/S Ratio | 23.72 | 24.64 | 23.32 | 11.02 | 28.27 | 53.74 | 27.02 | — | — | — |
| P/B Ratio | 27.43 | 29.36 | 30.49 | 16.60 | 39.54 | 53.90 | 17.52 | — | — | — |
| P/FCF | 87.81 | 91.23 | 76.70 | 36.60 | 93.02 | 160.53 | 1044.40 | — | — | — |
| P/OCF | 67.86 | 70.51 | 61.11 | 26.24 | 71.38 | 131.79 | 130.16 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
CrowdStrike Holdings, Inc.'s enterprise value stands at 964.8x EBITDA, 30% above its 5-year average of 741.7x. The Technology sector median is 15.7x, placing the stock at a 6029% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 23.75 | 22.48 | 10.27 | 27.42 | 52.44 | 26.47 | — | — | — |
| EV / EBITDA | 964.80 | 1003.93 | 479.42 | — | — | — | — | — | — | — |
| EV / EBIT | — | 1161.40 | 462.27 | — | — | — | — | — | — | — |
| EV / FCF | — | 87.92 | 73.92 | 34.12 | 90.25 | 156.64 | 1023.14 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
CrowdStrike Holdings, Inc. earns an operating margin of -3.0%. Operating margins have expanded from -8.5% to -3.0% over the past 3 years, signaling improving operational efficiency. A negative ROE of -0.7% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.9% | 74.9% | 75.3% | 73.2% | 73.6% | 73.7% | 70.6% | 65.1% | 54.1% | 35.5% |
| Operating Margin | -3.0% | -3.0% | -0.1% | -8.5% | -9.8% | -10.6% | -30.3% | -54.8% | -110.7% | -171.7% |
| Net Profit Margin | -0.5% | -0.5% | 2.9% | -8.2% | -16.2% | -10.6% | -29.5% | -56.1% | -114.1% | -173.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.7% | -0.7% | 4.7% | -14.5% | -24.6% | -11.5% | -34.9% | -542.3% | — | — |
| ROA | -0.3% | -0.3% | 1.5% | -4.2% | -7.4% | -4.5% | -15.4% | -43.0% | -87.7% | -100.0% |
| ROIC | — | — | — | — | — | -66.1% | -47.7% | — | — | — |
| ROCE | -2.6% | -2.6% | -0.1% | -7.4% | -7.0% | -6.7% | -27.5% | -134.4% | -485.7% | -3911.7% |
Solvency and debt-coverage ratios — lower is generally safer
CrowdStrike Holdings, Inc. carries a Debt/EBITDA ratio of 8.4x, which is highly leveraged (185% above the sector average of 3.0x). The company holds a net cash position — cash of $4.3B exceeds total debt of $789M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.24 | 0.34 | 0.53 | 0.75 | 0.89 | — | — | — | — |
| Debt / EBITDA | 8.44 | 8.44 | 5.53 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -1.06 | -1.10 | -1.12 | -1.18 | -1.31 | -0.36 | -1.26 | — | — |
| Net Debt / EBITDA | -37.79 | -37.79 | -18.02 | — | — | — | — | — | — | — |
| Debt / FCF | — | -3.31 | -2.78 | -2.48 | -2.77 | -3.89 | -21.26 | — | — | — |
| Interest Coverage | -4.58 | -4.58 | -0.08 | -7.51 | -5.65 | -59.35 | -330.46 | -319.78 | -79.76 | -147.25 |
Net cash position: cash ($4.3B) exceeds total debt ($789M)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.67x means CrowdStrike Holdings, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.67 | 1.67 | 1.67 | 1.64 | 1.74 | 2.56 | 2.29 | 1.08 | 0.83 | 0.71 |
| Quick Ratio | 1.67 | 1.67 | 1.67 | 1.64 | 1.74 | 2.56 | 2.29 | 1.08 | 0.83 | 0.71 |
| Cash Ratio | 1.25 | 1.25 | 1.29 | 1.28 | 1.42 | 2.22 | 1.85 | 0.68 | 0.40 | 0.38 |
| Asset Turnover | — | 0.45 | 0.46 | 0.45 | 0.40 | 0.32 | 0.34 | 0.58 | 0.55 | 0.58 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 104.19 | 101.91 | 101.98 | 92.57 | 99.84 | 125.09 | 135.11 | 183.84 | 170.59 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
CrowdStrike Holdings, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.1% | — | — | — | — | — | — | — |
| FCF Yield | 1.1% | 1.1% | 1.3% | 2.7% | 1.1% | 0.6% | 0.1% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $245M | $244M | $233M | $227M | $218M | $213M | $171M | $171M | $171M |
Compare CRWD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| CRWDYou | $94B | -4726.6 | 964.8 | 87.8 | 74.9% | -3.0% | -0.7% | — | 8.4 |
| PANW | $105B | 93.1 | 64.8 | 30.2 | 73.4% | 13.5% | 17.5% | 17.1% | 0.2 |
| FTNT | $59B | 32.5 | 25.6 | 26.4 | 80.8% | 30.6% | 135.7% | — | 0.4 |
| ZS | $24B | -544.4 | — | 32.5 | 76.9% | -4.8% | -2.7% | -8.4% | — |
| CYBR | $21B | -139.5 | 908.2 | 79.6 | 74.3% | -7.7% | -6.2% | -3.2% | 52.3 |
| CHKP | $16B | 20.4 | 16.7 | 16.0 | 87.6% | 34.2% | 30.1% | 28.6% | 0.0 |
| GEN | $14B | 21.9 | 10.5 | 11.5 | 80.3% | 40.9% | 29.2% | 12.4% | 4.1 |
| RBRK | $10B | -6.9 | — | 331.8 | 70.0% | -127.9% | — | — | — |
| SAIL | $8B | -7.1 | 182.3 | — | 64.5% | -21.9% | — | — | 21.6 |
| NTCT | $4B | -5.8 | — | 18.9 | 78.3% | -44.7% | -21.3% | -19.7% | — |
| QLYS | $3B | 19.9 | 15.2 | 14.3 | 81.7% | 30.8% | 41.1% | 57.8% | 0.2 |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 9 years · Updated daily
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Start ComparisonCrowdStrike Holdings, Inc.'s current P/E ratio is -4726.6x. This places it at the 50th percentile of its historical range.
CrowdStrike Holdings, Inc.'s current EV/EBITDA is 964.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
CrowdStrike Holdings, Inc.'s return on equity (ROE) is -0.7%. The historical average is -13.6%.
Based on historical data, CrowdStrike Holdings, Inc. is trading at a P/E of -4726.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CrowdStrike Holdings, Inc. has 74.9% gross margin and -3.0% operating margin.
CrowdStrike Holdings, Inc.'s Debt/EBITDA ratio is 8.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.