Explain this page
Arphra AIPlain-English read on CrowdStrike Holdings, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +73.60% | +73.17% | +75.27% | +74.92% | +74.57% | +74.79% | +75.46% | +76.29% | +75.52% |
| Operating margin | -9.82% | -8.48% | -0.07% | -3.05% | -3.36% | -2.15% | -2.20% | -2.17% | -2.11% |
| EBITDA margin | -4.55% | -1.82% | +9.62% | +7.46% | +2.49% | +6.61% | +6.70% | +6.36% | +6.43% |
| EBIT margin | -9.29% | -6.00% | +4.86% | +2.04% | -3.36% | +1.16% | +1.19% | +1.17% | +1.21% |
| Pre-tax margin | -11.02% | -7.13% | +4.02% | +1.38% | -2.64% | +0.90% | +0.94% | +0.95% | +0.94% |
| Net margin | -16.18% | -8.18% | +2.92% | -0.49% | -3.38% | -0.31% | -0.32% | -0.32% | -0.32% |
| Cost structure | |||||||||
| Cost of revenue / sales | +26.40% | +26.83% | +24.73% | +25.08% | +25.43% | +24.58% | +25.28% | +25.40% | +25.29% |
| R&D intensity | +25.58% | +27.14% | +25.15% | +27.24% | +28.69% | +26.88% | +26.49% | +26.99% | +27.17% |
| SG&A intensity | +57.84% | +54.51% | +50.18% | +50.73% | +49.23% | +49.02% | +51.37% | +51.51% | +49.49% |
| Effective tax rate | — | — | +26.24% | +130.43% | — | +27.59% | +25.32% | +25.57% | +25.12% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | -22.63% | -12.32% | +3.82% | -0.58% | -3.63% | -0.38% | -0.37% | -0.39% | -0.39% |
| Return on assets (ROA) | -6.49% | -3.65% | +1.34% | -0.22% | -1.47% | -0.14% | -0.14% | -0.15% | -0.14% |
| Return on capital (ROC) | -7.87% | -8.37% | -0.06% | -2.93% | -3.05% | -2.08% | -2.06% | -2.10% | -2.04% |
| Return on invested capital (ROIC) | -5.90% | -6.28% | -0.05% | -2.20% | -2.29% | -1.56% | -1.54% | -1.58% | -1.53% |
| Asset turnover | +40.12% | +44.59% | +45.97% | +45.44% | +43.40% | +46.01% | +44.71% | +45.45% | +43.81% |
| DuPont · ROE decomposition | |||||||||
| Net margin | -16.18% | -8.18% | +2.92% | -0.49% | -3.38% | -0.31% | -0.32% | -0.32% | -0.32% |
| Asset turnover (× revenue / assets) | +40.12% | +44.59% | +45.97% | +45.44% | +43.40% | +46.01% | +44.71% | +45.45% | +43.81% |
| Equity multiplier (× assets / equity) | +348.71% | +337.93% | +284.39% | +262.18% | +247.88% | +263.07% | +259.86% | +267.29% | +277.93% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.40 | 0.45 | 0.46 | 0.45 | 0.43 | 0.46 | 0.45 | 0.45 | 0.44 |
| Fixed-asset turnover | 4.97 | 4.21 | 4.57 | 4.76 | 4.60 | — | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 3.94 | 3.58 | 3.58 | 3.50 | 3.53 | — | — | — | — |
| Payables turnover | 8.05 | 13.25 | 26.82 | 7.58 | 11.62 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 92.57 | 101.98 | 101.91 | 104.19 | 103.30 | — | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | 45.37 | 27.54 | 13.61 | 48.18 | 31.41 | — | — | — | — |
| Cash conversion cycle | 47.20 | 74.43 | 88.30 | 56.01 | 71.89 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | -2.45 | -5.14 | 13.06 | -71.70 | -9.92 | -114.18 | -112.85 | -113.41 | -112.63 |
| FCF / Net income | -1.88 | -3.68 | 10.40 | -55.42 | -8.06 | -91.42 | -90.62 | -88.71 | -88.00 |
| FCF margin | +30.39% | +30.10% | +30.41% | +27.01% | +27.23% | +28.77% | +28.67% | +28.47% | +27.98% |
| OCF margin | +39.60% | +41.99% | +38.17% | +34.95% | +33.51% | +35.93% | +35.70% | +36.40% | +35.81% |
| CapEx / Revenue | +9.21% | +11.89% | +7.76% | +7.94% | +6.28% | +7.21% | +7.20% | +7.29% | +7.41% |
| CapEx / D&A | 1.94 | 2.84 | 1.63 | 1.47 | 1.07 | — | — | — | — |
| Stock-based comp / Revenue | +21.35% | +23.49% | +20.67% | +21.89% | +22.79% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | -1.02 | -0.78 | 0.37 | -0.08 | -0.65 | 4.87 | 6.15 | 7.91 | 8.43 |
| EPS · basic | -1.02 | -0.78 | 0.37 | -0.08 | -0.65 | 4.93 | 6.08 | 7.82 | 8.34 |
| Book value / share | 4.57 | 6.38 | 9.59 | 13.56 | 17.33 | 18.74 | 24.03 | 27.46 | 31.28 |
| Tangible BV / share | 2.31 | 4.16 | 6.50 | 9.29 | 11.52 | 18.74 | 24.03 | 27.46 | 31.28 |
| Sales / share | 6.39 | 9.61 | 12.54 | 16.15 | 18.64 | 22.68 | 27.91 | 33.36 | 38.09 |
| Operating CF / share | 2.53 | 4.04 | 4.79 | 5.65 | 6.25 | 8.15 | 9.97 | 12.14 | 13.64 |
| Free cash flow / share | 1.94 | 2.89 | 3.81 | 4.36 | 5.08 | 6.52 | 8.00 | 9.50 | 10.66 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Retention ratio | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +54.40% | +36.33% | +29.39% | +21.71% | +22.68% | +21.60% | +20.68% | +14.05% | +27.09% |
| Gross profit · YoY | — | +53.50% | +40.23% | +28.80% | +21.13% | +23.06% | +22.69% | +22.00% | +12.90% | +27.50% |
| Profit | ||||||||||
| Operating income · YoY | — | -33.37% | +98.95% | -5936.59% | -34.12% | +21.33% | -24.18% | -19.09% | -11.09% | — |
| EBITDA · YoY | — | +38.23% | +820.98% | +0.33% | -59.32% | +225.29% | +23.26% | +14.68% | +15.15% | — |
| Net income · YoY | — | +21.96% | +148.75% | -121.57% | -743.25% | +88.57% | -22.27% | -22.41% | -12.98% | — |
| Operating | ||||||||||
| EBIT · YoY | — | +0.17% | +210.41% | -45.59% | -299.80% | +142.53% | +24.47% | +18.24% | +18.45% | — |
| R&D · YoY | — | +63.85% | +26.32% | +40.13% | +28.20% | +14.95% | +19.83% | +22.97% | +14.78% | +28.05% |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +23.53% | +147.44% | -121.27% | -725.92% | +848.88% | +26.44% | +28.48% | +6.60% | — |
| EPS · basic · YoY | — | +23.53% | +147.44% | -121.27% | -725.92% | +858.17% | +23.32% | +28.69% | +6.58% | — |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $774.72M | $783.62M | $792.87M | $788.9M | $820.08M | $1.24B | $1.49B | $1.81B | $2.12B |
| Net debt | -$1.22B | -$1.67B | -$2.58B | -$3.53B | -$4.41B | -$5.21B | -$6.41B | -$7.94B | -$8.41B |
| Net debt / EBITDA | 18.52 | 41.02 | -8.79 | -11.99 | -36.77 | -13.35 | -13.34 | -14.40 | -13.24 |
| Debt / equity | 0.75 | 0.53 | 0.34 | 0.24 | 0.18 | 0.25 | 0.24 | 0.25 | 0.26 |
| Debt / assets | +21.41% | +15.59% | +11.93% | +9.07% | +7.40% | +9.66% | +9.29% | +9.49% | +9.39% |
| Equity / assets | +28.68% | +29.59% | +35.16% | +38.14% | +40.34% | +38.01% | +38.48% | +37.41% | +35.98% |
| Coverage | |||||||||
| EBITDA / interest expense | -2.62 | -1.61 | 11.41 | 11.20 | 4.28 | 9.52 | 9.77 | 9.02 | 9.24 |
| Operating income / interest | -5.65 | -7.51 | -0.08 | -4.58 | -5.76 | -3.10 | -3.21 | -3.07 | -3.04 |
| Interest expense | $25.23M | $25.32M | $25.76M | $26.31M | $28.02M | $40.97M | $49.23M | $61.13M | $68.71M |
| Liquidity | |||||||||
| Current ratio | 1.74 | 1.64 | 1.67 | 1.67 | 1.77 | — | — | — | — |
| Quick ratio | 1.68 | 1.58 | 1.60 | 1.58 | 1.58 | — | — | — | — |
| Cash ratio | 1.42 | 1.16 | 1.25 | 1.25 | 1.25 | — | — | — | — |
| Working capital | $1.04B | $1.34B | $1.81B | $2.31B | $3.23B | — | — | — | — |
| Working capital / revenue | +71.46% | +59.98% | +59.36% | +58.31% | +67.23% | — | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).