CrowdStrike Holdings, Inc. (CRWD) Financial Ratios
10 years of historical data (2017–2026) · Technology · Software - Infrastructure
EV/EBITDA
↑
952.11
+19% vs avg
5yr avg: 798.89
P/FCF
↓
90.51
+18% vs avg
5yr avg: 76.90
30Y Low36.6·High160.5
P/B Ratio
↓
27.01
-5% vs avg
5yr avg: 28.29
30Y Low16.6·High53.9
ROE
↑
-4.2%
↓+47% vs avg
5yr avg: -7.9%
30Y Low-35%·High5%
Debt/EBITDA
↑
6.84
↓-1% vs avg
5yr avg: 6.94
30Y Low5.5·High8.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CRWD Valuation Multiples
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 90.5x P/FCF, 18% above the 5-year average of 76.9x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $118.6B | $113.9B | $97.4B | $71.3B | $24.7B | $41.0B | $47.0B | $13.0B | — | — | — |
| Enterprise Value | $114.2B | $109.5B | $93.9B | $68.7B | $23.0B | $39.8B | $45.9B | $12.7B | — | — | — |
| P/E Ratio → | -720.11 | — | — | 790.54 | — | — | — | — | — | — | — |
| P/S Ratio | 24.64 | 23.68 | 24.64 | 23.32 | 11.02 | 28.27 | 53.74 | 27.02 | — | — | — |
| P/B Ratio | 27.01 | 25.48 | 29.36 | 30.49 | 16.60 | 39.54 | 53.90 | 17.52 | — | — | — |
| P/FCF | 90.51 | 86.96 | 91.23 | 76.70 | 36.60 | 93.02 | 160.53 | 1044.40 | — | — | — |
| P/OCF | 73.55 | 70.67 | 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
CRWD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
CrowdStrike Holdings, Inc.'s enterprise value stands at 952.1x EBITDA, 19% above its 5-year average of 798.9x. The Technology sector median is 17.4x, placing the stock at a 5381% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 22.76 | 23.75 | 22.48 | 10.27 | 27.42 | 52.44 | 26.47 | — | — | — |
| EV / EBITDA | 952.11 | 913.33 | 1003.93 | 479.42 | — | — | — | — | — | — | — |
| EV / EBIT | — | — | 1161.40 | 462.27 | — | — | — | — | — | — | — |
| EV / FCF | — | 83.60 | 87.92 | 73.92 | 34.12 | 90.25 | 156.64 | 1023.14 | — | — | — |
CRWD Profitability
Margins and return-on-capital ratios measuring operating efficiency
CrowdStrike Holdings, Inc. earns an operating margin of -3.4%. Operating margins have compressed from -0.1% to -3.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -4.2% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.6% | 74.6% | 74.9% | 75.3% | 73.2% | 73.6% | 73.7% | 70.6% | 65.1% | 54.1% | 35.5% |
| Operating Margin | -3.4% | -3.4% | -3.0% | -0.1% | -8.5% | -9.8% | -10.6% | -30.3% | -54.8% | -110.7% | -171.7% |
| Net Profit Margin | -3.4% | -3.4% | -0.5% | 2.9% | -8.2% | -16.2% | -10.6% | -29.5% | -56.1% | -114.1% | -173.2% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -4.2% | -4.2% | -0.7% | 4.7% | -14.5% | -24.6% | -11.5% | -34.9% | -542.3% | — | — |
| ROA | -1.6% | -1.6% | -0.3% | 1.5% | -4.2% | -7.4% | -4.5% | -15.4% | -43.0% | -87.7% | -100.0% |
| ROIC | -193.7% | -193.7% | — | — | — | — | -66.1% | -47.7% | — | — | — |
| ROCE | -2.7% | -2.7% | -2.6% | -0.1% | -7.4% | -7.0% | -6.7% | -27.5% | -134.4% | -485.7% | -3911.7% |
CRWD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
CrowdStrike Holdings, Inc. carries a Debt/EBITDA ratio of 6.8x, which is highly leveraged (138% above the sector average of 2.9x). The company holds a net cash position — cash of $5.2B exceeds total debt of $820M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 0.24 | 0.34 | 0.53 | 0.75 | 0.89 | — | — | — | — |
| Debt / EBITDA | 6.84 | 6.84 | 8.44 | 5.53 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.99 | -1.06 | -1.10 | -1.12 | -1.18 | -1.31 | -0.36 | -1.26 | — | — |
| Net Debt / EBITDA | -36.77 | -36.77 | -37.79 | -18.02 | — | — | — | — | — | — | — |
| Debt / FCF | — | -3.37 | -3.31 | -2.78 | -2.48 | -2.77 | -3.89 | -21.26 | — | — | — |
| Interest Coverage | -5.76 | -5.76 | -4.58 | -0.08 | -7.51 | -5.65 | -59.35 | -330.46 | -319.78 | -79.76 | -147.25 |
Net cash position: cash ($5.2B) exceeds total debt ($820M)
CRWD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.77x means CrowdStrike Holdings, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.67x to 1.77x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.77 | 1.77 | 1.67 | 1.67 | 1.64 | 1.74 | 2.56 | 2.29 | 1.08 | 0.83 | 0.71 |
| Quick Ratio | 1.77 | 1.77 | 1.67 | 1.67 | 1.64 | 1.74 | 2.56 | 2.29 | 1.08 | 0.83 | 0.71 |
| Cash Ratio | 1.25 | 1.25 | 1.25 | 1.29 | 1.28 | 1.42 | 2.22 | 1.85 | 0.68 | 0.40 | 0.38 |
| Asset Turnover | — | 0.43 | 0.45 | 0.46 | 0.45 | 0.40 | 0.32 | 0.34 | 0.58 | 0.55 | 0.58 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 103.30 | 104.19 | 101.91 | 101.98 | 92.57 | 99.84 | 125.09 | 135.11 | 183.84 | 170.59 |
CRWD Shareholder Yields
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.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | 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% | 1.1% | 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% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $258M | $245M | $244M | $233M | $227M | $218M | $213M | $171M | $171M | $171M |
Peer Comparison
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 | $119B | -720.1 | 952.1 | 90.5 | 74.6% | -3.4% | -4.2% | -193.7% | 6.8 |
 S | $5B | -11.2 | — | 63.6 | 74.1% | -32.1% | -29.0% | -17.4% | — |
 PANW | $129B | 114.7 | 80.1 | 37.2 | 73.4% | 13.5% | 17.5% | 17.1% | 0.2 |
 FTNT | $67B | 37.0 | 29.1 | 29.9 | 80.8% | 30.6% | 135.7% | — | 0.4 |
 CHKP | $12B | 11.9 | 13.1 | 9.9 | 85.4% | 30.5% | 37.3% | 23.2% | 2.1 |
 BB | $4B | -46.1 | 77.1 | 552.6 | 73.8% | 0.1% | -10.6% | 0.1% | 5.3 |
 MSFT | $3.1T | 30.3 | 19.4 | 42.9 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 ZS | $22B | -514.2 | — | 30.7 | 76.9% | -4.8% | -2.7% | -8.4% | — |
 OKTA | $14B | 59.1 | 54.4 | 15.4 | 77.4% | 5.2% | 3.5% | 1.7% | 1.7 |
 CYBR | $21B | -139.5 | 908.2 | 79.6 | 74.3% | -7.7% | -6.2% | -3.2% | 52.3 |
 TENB | $2B | -70.5 | 62.6 | 9.5 | 78.1% | 0.1% | -9.9% | 0.2% | 10.8 |
| Technology Median | — | 27.5 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonCRWD — Frequently Asked Questions
Quick answers to the most common questions about buying CRWD stock.
What is CrowdStrike Holdings, Inc.'s P/E ratio?
CrowdStrike Holdings, Inc.'s current P/E ratio is -720.1x. This places it at the 50th percentile of its historical range.
What is CrowdStrike Holdings, Inc.'s EV/EBITDA?
CrowdStrike Holdings, Inc.'s current EV/EBITDA is 952.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is CrowdStrike Holdings, Inc.'s ROE?
CrowdStrike Holdings, Inc.'s return on equity (ROE) is -4.2%. The historical average is -12.2%.
Is CRWD stock overvalued?
Based on historical data, CrowdStrike Holdings, Inc. is trading at a P/E of -720.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are CrowdStrike Holdings, Inc.'s profit margins?
CrowdStrike Holdings, Inc. has 74.6% gross margin and -3.4% operating margin.
How much debt does CrowdStrike Holdings, Inc. have?
CrowdStrike Holdings, Inc.'s Debt/EBITDA ratio is 6.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.