CrowdStrike Holdings, Inc. (CRWD) stock analysis
Close on Nov 13, 2026Market cap $232.03BP/E 3625.8Yield –
StockData Score
Prices as of Nov 13, 2026How the score works
Mixed12 of 30 checks passed
CrowdStrike passes 12 of the 30 checks behind our score; 12 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 4/6
- Past performance
- 3/6
- Financial health
- 5/6
- Dividend
- 0/6
What stands out
Low debt
Debt is 14.6% of shareholders' equity, under the 40% we consider low.
Revenue growing 10%+ a year
Revenue grew 29.0% a year over the last three fiscal years.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 270% of total debt.
Low bankruptcy risk
The Altman Z-score is 20.74; above 3 is the safe zone and below 1.8 the distress zone.
What to watch
Return on equity under 15%
Return on equity was 1.3% over the last twelve months and averaged -8.1% over five years; we look for 15% on both.
Return on capital under 10%
Return on invested capital was -65.8%, below the 10% that usually covers the cost of capital.
Interest not well covered
Operating income covers interest expense -4.5 times; we look for at least 5.
P/E above the industry
CrowdStrike's P/E of 3625.8 is above the Computer Programming, Data Processing, and Other Computer Related Services median of 27.3.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E above the industry
CrowdStrike's P/E of 3625.8 is above the Computer Programming, Data Processing, and Other Computer Related Services median of 27.3.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B above the industry
CrowdStrike's price-to-book of 45.48 is above the Computer Programming, Data Processing, and Other Computer Related Services median of 3.05.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth4/6
Revenue growing 10%+ a year
Revenue grew 29.0% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 24.3% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Guidance raised
CrowdStrike raised its Full Year FY27 Non-GAAP income from operations outlook on Aug 26, 2026.
Gross margin improving
Gross margin was 75.2% over the last twelve months, against 74.1% a year earlier.
Past performance3/6
Return on equity under 15%
Return on equity was 1.3% over the last twelve months and averaged -8.1% over five years; we look for 15% on both.
Return on capital under 10%
Return on invested capital was -65.8%, below the 10% that usually covers the cost of capital.
Return on equity above the industry
CrowdStrike's return on equity of 1.3% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -1.1%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was 1.1% over the last twelve months, against a 5-year average of -5.2%.
Net margin above the industry
CrowdStrike's net margin of 1.1% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -4.7%.
Financial health5/6
Low debt
Debt is 14.6% of shareholders' equity, under the 40% we consider low.
Debt falling against equity
Debt to equity fell from 84.8% five years ago to 14.6%.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 270% of total debt.
Interest not well covered
Operating income covers interest expense -4.5 times; we look for at least 5.
Short-term assets cover short-term debts
Current assets are 1.57 times current liabilities.
Low bankruptcy risk
The Altman Z-score is 20.74; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
CrowdStrike has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for CrowdStrike. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/B at month end
- Own 5-year median 31.5
- Computer Programming, Data Processing, and Other Computer Related Services median 3.1
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $2.19B
- Value traded per 1% price move
- $878.32M
Downside
Medium risk
- Typical loss in a bad month
- 19.1%
- Volatility (annualized)
- 57%
- Sharpe ratio, 1 year
- 1.07
- Beta to the S&P 500 (5Y)
- 1.72
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2017 to 2026
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +21.7% | +29.0% | +40.6% | – | |
| Gross profit | +21.2% | +29.9% | +41.0% | – | |
| Free cash flow | +16.3% | +22.9% | +34.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | -11.5% | -4.2% | |
| Return on assets | – | -4.5% | -1.6% | |
| Current ratio | – | 2.65 | 1.77 | |
| Debt to equity | – | 0.85 | 0.17 | |
| Interest coverage | – | -59.4× | -10.5× | |
| Capex to revenue | – | 6.0% | 6.3% | |
| Diluted shares | – | 871M | 1.00B |
Where the cash went
Fiscal 2022 to 2026, five years combined
CrowdStrike generated $5.68B from operations and spent $1.08B on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | -3.4% | 0.49× | 2.57× | -4.2% |
| FY2025 | -0.4% | 0.52× | 2.75× | -0.5% |
| FY2024 | 2.4% | 0.52× | 3.10× | 3.8% |
| FY2023 | -8.2% | 0.52× | 3.47× | -14.7% |
| FY2022 | -16.2% | 0.46× | 3.35× | -24.8% |
| FY2021 | -10.6% | 0.42× | 2.57× | -11.5% |
| FY2020 | -29.5% | 0.52× | 7.23× | -111.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
- ProfitableNet income above zero-$162.50M
- Cash generatingOperating cash flow above zero$1.61B
- Return on assets improvedROA up on the prior year-0.2% → -1.9%
- Earnings backed by cashOperating cash flow above net income$1.61B vs -$162.50M
- Less leverageLong-term debt to assets fell8.5% → 6.7%
- Better liquidityCurrent ratio rose1.77 → 1.77
- No dilutionShare count did not rise979M → 1.00B
- Gross margin improvedGross margin up on the prior year74.96% → 74.67%
- More efficientAsset turnover rose0.59 → 0.55
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