Price to Operating Profit (P/OP)
since 2020
Calculation
CrowdStrike Holdings Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Loss from operations1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 5, 2026 | — | = | 106.54 | ÷ | -0.29 | -0.29 | = | -293,292 | ÷ | 1,014,456,360 | |
| Mar 10, 2025 | — | = | 77.22 | ÷ | -0.12 | -0.12 | = | -120,430 | ÷ | 991,493,660 | |
| Mar 7, 2024 | — | = | 82.42 | ÷ | 0.00 | 0.00 | = | -1,995 | ÷ | 967,474,632 | |
| Mar 9, 2023 | — | = | 30.42 | ÷ | -0.20 | -0.20 | = | -190,112 | ÷ | 943,455,940 | |
| Mar 16, 2022 | — | = | 47.42 | ÷ | -0.15 | -0.15 | = | -142,548 | ÷ | 923,071,440 | |
| Mar 18, 2021 | — | = | 47.55 | ÷ | -0.10 | -0.10 | = | -92,529 | ÷ | 895,504,916 | |
| Mar 23, 2020 | — | = | 12.86 | ÷ | -0.17 | -0.17 | = | -146,065 | ÷ | 852,852,060 |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of CrowdStrike Holdings Inc. Annual Report.
A significant divergence is observed between the market valuation of the equity and the operational profitability of the company throughout the period from 2020 to 2026.
- Equity Valuation Trends
- The share price exhibited substantial growth and volatility, increasing from 12.86 USD in 2020 to a peak of 106.54 USD in 2026. Despite a contraction in value during 2023, the trajectory shifted upward sharply in 2024 and 2026, reflecting a strong expansion in market capitalization.
- Operational Profitability
- Operating profit per share remained consistently negative for the majority of the analyzed period. While a break-even point of 0.00 USD was achieved in 2024, this was followed by a decline in profitability, reaching a period low of -0.29 USD per share in 2026. This indicates that operating expenses have continued to outpace operating income even as the share price ascended.
- Price to Operating Profit (P/OP) Analysis
- The P/OP ratio is mathematically negative or undefined throughout the period due to the absence of positive operating profits. The combination of a rising share price and persistent operating losses suggests that the market valuation is driven by growth expectations, revenue scaling, or future potential rather than current operational earnings. The widening gap between the share price and operating profit per share in 2026 highlights an increasing premium placed on future performance relative to current operational results.
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Comparison to Competitors
CrowdStrike Holdings Inc., P/OP, long-term trends, comparison to competitors
| CrowdStrike Holdings Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 5, 2026 | — | — | — | — | — | — | — | 18.68 | 24.47 | — | — | 21.38 | — | — | 53.84 |
| Mar 10, 2025 | — | 14.62 | 14.34 | 33.47 | 54.20 | — | 37.87 | 29.68 | 33.50 | 224.99 | 102.53 | 38.94 | 66.94 | 100.63 | 155.71 |
| Mar 7, 2024 | — | 23.52 | 26.38 | 58.16 | 52.42 | 797.11 | 48.11 | 28.73 | 25.65 | 941.61 | 159.88 | 58.80 | 152.95 | 56.25 | 381.31 |
| Mar 9, 2023 | — | 21.69 | 40.52 | 31.12 | 65.43 | — | 49.04 | 27.76 | 25.30 | 431.61 | 193.40 | 177.62 | 206.26 | 67.90 | — |
| Mar 16, 2022 | — | 16.83 | 25.85 | — | 47.21 | — | 46.05 | 24.72 | 16.51 | — | — | 357.52 | 260.27 | 43.85 | — |
| Mar 18, 2021 | — | 28.35 | 40.64 | 111.61 | 48.13 | — | 62.00 | 30.79 | 14.31 | — | — | 431.39 | 436.46 | 75.64 | — |
| Mar 23, 2020 | — | 22.21 | 51.75 | — | 57.54 | — | 41.56 | 29.30 | 12.17 | — | — | 511.08 | 583.08 | 59.90 | — |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).