Tearsheet

CrowdStrike (CRWD)


Market Price (9/18/2025): $458.48 | Market Cap: $114.6 Bil
Sector: Information Technology | Industry: Systems Software

CrowdStrike (CRWD)


Market Price (9/18/2025): $458.48
Market Cap: $114.6 Bil
Sector: Information Technology
Industry: Systems Software

Investment Highlights

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 23%
  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -379 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.7%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%
  Expensive valuation multiples
P/SPrice/Sales ratio is 26x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 80x
2 Low stock price volatility
Vol 12M is 46%
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.7%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 23%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%
2 Low stock price volatility
Vol 12M is 46%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -379 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.7%
4 Expensive valuation multiples
P/SPrice/Sales ratio is 26x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 80x
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.7%

Market Valuation

 9/18/25202420232022
Share Price CYE$458.48$342.16$255.32$105.29
Market Cap CYE ($ Bil)114.684.061.124.6
Total Debt ($ Bil)0.80.80.80.8
Total Cash ($ Bil)5.04.33.52.7
Enterprise Value ($ Bil)110.484.861.925.4
Valuation Ratios    
P/S TTM26.421.219.910.9
P/EBIT TTM-597.51035.8410.1-182.4
P/E TTM-385.8-4345.6682.1-134.0
Sector Ratios    
P/S TTM (Sector)3.23.12.82.5
P/EBIT TTM (Sector)3.9-0.0-0.1-0.5
P/E TTM (Sector)-0.4-0.3-0.4-0.5
 9/18/252024
Share Price CYE$458.48$342.16
Market Cap CYE ($ Bil)114.684.0
Total Debt ($ Bil)0.80.8
Total Cash ($ Bil)5.04.3
Enterprise Value ($ Bil)110.484.8
Valuation Ratios  
P/S TTM26.421.2
P/EBIT TTM-597.51035.8
P/E TTM-385.8-4345.6
Sector Ratios  
P/S TTM (Sector)3.23.1
P/EBIT TTM (Sector)3.9-0.0
P/E TTM (Sector)-0.4-0.3

Business Description

CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
CRWD Return325%-3%-49%142%34%30%774%
Peers Return112%66%-38%74%26%13%438%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: PANW, FTNT, ZS, MSFT, NOW. See CRWD Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

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Peer Comparisons for CrowdStrike

Financials

CRWDPANWFTNTZSMSFTNOWMedian
NameCrowdStr.Palo Alt.Fortinet Zscaler MicrosoftServiceN. 
Mkt Price445.50203.1280.29279.46510.02950.37362.48
Mkt Cap111.3136.561.543.73,789.4196.9123.9
Rev LTM4,3419,2226,3382,673281,72412,0577,780
Op Inc LTM-3791,2431,957-127128,5281,6011,422
FCF LTM1,0383,4702,03372771,6113,8052,751
FCF 3Y Avg9823,0671,86154868,3863,0542,457
CFO LTM1,3893,7162,401972136,1624,6993,058
CFO 3Y Avg1,2603,2502,173738114,0973,8282,712

Growth & Margins

CRWDPANWFTNTZSMSFTNOWMedian
NameCrowdStr.Palo Alt.Fortinet Zscaler MicrosoftServiceN. 
Rev Chg LTM23.5%14.9%14.5%23.3%14.9%21.1%18.0%
Rev Chg 3Y Avg33.5%18.9%18.7%35.2%12.5%22.3%20.6%
Rev Chg Q21.3%15.8%13.6%21.3%18.1%22.4%19.7%
QoQ Delta Rev Chg LTM5.0%3.9%3.2%5.0%4.3%5.1%4.6%
Op Mgn LTM-8.7%13.5%30.9%-4.8%45.6%13.3%13.4%
Op Mgn 3Y Avg-4.3%9.2%26.9%-8.3%44.0%10.1%9.7%
QoQ Delta Op Mgn LTM-2.6%2.4%-0.6%0.1%0.4%0.3%0.2%
CFO/Rev LTM32.0%40.3%37.9%36.4%48.3%39.0%38.4%
CFO/Rev 3Y Avg36.7%40.4%38.9%33.6%46.0%38.1%38.5%
FCF/Rev LTM23.9%37.6%32.1%27.2%25.4%31.6%29.4%
FCF/Rev 3Y Avg28.6%38.1%33.4%24.9%27.9%30.3%29.4%

Valuation

CRWDPANWFTNTZSMSFTNOWMedian
NameCrowdStr.Palo Alt.Fortinet Zscaler MicrosoftServiceN. 
Mkt Cap111.3136.561.543.73,789.4196.9123.9
P/S25.614.89.716.413.516.315.6
P/EBIT-580.685.526.7-3,114.630.197.128.4
P/E-374.9120.431.7-1,054.637.2118.534.5
P/CFO80.236.725.645.027.841.939.3
Total Yield-0.3%0.8%3.2%-0.1%3.3%0.8%0.8%
Dividend Yield0.0%0.0%0.0%0.0%0.6%0.0%0.0%
FCF Yield 3Y Avg1.4%2.9%3.1%1.7%2.2%1.9%2.0%
D/E0.00.00.00.00.00.00.0
Net D/E-0.0-0.0-0.1-0.0-0.0-0.0-0.0

Returns

CRWDPANWFTNTZSMSFTNOWMedian
NameCrowdStr.Palo Alt.Fortinet Zscaler MicrosoftServiceN. 
1M Rtn4.5%15.3%-0.6%0.9%-1.4%6.5%2.7%
3M Rtn-8.2%1.7%-20.4%-8.5%6.4%-3.2%-5.7%
6M Rtn18.8%8.3%-18.2%37.0%32.0%12.6%15.7%
12M Rtn65.8%20.2%6.2%64.1%18.1%7.3%19.1%
3Y Rtn160.5%133.4%59.2%64.9%113.6%123.2%118.4%
1M Excs Rtn2.1%13.0%-2.9%-1.5%-3.7%4.2%0.3%
3M Excs Rtn-19.8%-9.8%-32.3%-19.4%-3.5%-15.8%-17.6%
6M Excs Rtn5.1%-6.6%-34.7%21.1%15.9%-3.1%1.0%
12M Excs Rtn54.6%-0.2%-10.3%47.0%2.0%-9.2%0.9%
3Y Excs Rtn67.8%54.0%-16.8%-16.2%35.5%39.0%37.2%

Financials

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Single Segment3,0562,241   
Professional services  927045
Subscription  1,360805436
Total3,0562,2411,452874481


Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity6,978,859
Short Interest: % Change Since 81520255.1%
Average Daily Volume4,015,171
Days-to-Cover Short Interest1.74
Basic Shares Quantity249,909,000
Short % of Basic Shares2.8%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/27/20254.6%-2.4% 
6/3/2025-5.8%-4.3%3.4%
3/4/2025-6.3%-15.5%-4.8%
11/26/2024-4.6%-0.0%-2.6%
8/28/20242.8%-2.9%8.2%
6/4/202412.0%25.9%27.5%
3/5/202410.8%10.7%3.9%
11/28/202310.4%12.5%20.6%
...
SUMMARY STATS   
# Positive131116
# Negative11138
Median Positive9.3%11.7%10.1%
Median Negative-5.5%-5.6%-8.3%
Max Positive17.4%40.5%63.9%
Max Negative-14.7%-17.5%-24.2%

SEC Filings

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Report DateFiling DateFiling
7312025828202510-Q 7/31/2025
4302025604202510-Q 4/30/2025
1312025310202510-K 1/31/2025
103120241127202410-Q 10/31/2024
7312024829202410-Q 7/31/2024
4302024605202410-Q 4/30/2024
1312024307202410-K 1/31/2024
103120231129202310-Q 10/31/2023
7312023831202310-Q 7/31/2023
4302023601202310-Q 4/30/2023
1312023309202310-K 1/31/2023
103120221130202210-Q 10/31/2022
7312022831202210-Q 7/31/2022
4302022603202210-Q 4/30/2022
1312022316202210-K 1/31/2022
103120211202202110-Q 10/31/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Podbere Burt W.CHIEF FINANCIAL OFFICER8062025Sell453.691,400635,166109,617,402Form
1Kurtz GeorgePRESIDENT AND CEO8062025Sell439.381,500659,070955,060,095Form
2GANDHI SAMEER K8052025Sell439.6115166,381343,273,865Form
3Flower Johanna7162025Sell471.37270127,27039,211,385Form
4Sentonas MichaelPRESIDENT6112025Sell477.0025,00011,925,000201,391,308Form