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 | — | = | 426.16 | ÷ | -1.16 | -1.16 | = | -293,292 | ÷ | 253,614,090 | |
| Mar 10, 2025 | — | = | 308.86 | ÷ | -0.49 | -0.49 | = | -120,430 | ÷ | 247,873,415 | |
| Mar 7, 2024 | — | = | 329.68 | ÷ | -0.01 | -0.01 | = | -1,995 | ÷ | 241,868,658 | |
| Mar 9, 2023 | — | = | 121.68 | ÷ | -0.81 | -0.81 | = | -190,112 | ÷ | 235,863,985 | |
| Mar 16, 2022 | — | = | 189.66 | ÷ | -0.62 | -0.62 | = | -142,548 | ÷ | 230,767,860 | |
| Mar 18, 2021 | — | = | 190.21 | ÷ | -0.41 | -0.41 | = | -92,529 | ÷ | 223,876,229 | |
| Mar 23, 2020 | — | = | 51.45 | ÷ | -0.69 | -0.69 | = | -146,065 | ÷ | 213,213,015 |
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.
The relationship between share price and operating profit per share, as indicated by the Price to Operating Profit (P/OP) ratio, exhibits a volatile pattern over the observed period. Initial values are unavailable, but a clear trend emerges as operating profit per share remains negative throughout the analyzed timeframe.
- Share Price Trend
- The share price demonstrates significant fluctuation. It increased substantially from March 2020 to March 2021, reaching a peak of 190.21 US$. A slight decrease followed in March 2022. A substantial decline was then observed in March 2023, before a considerable recovery in March 2024. Further increases are noted in subsequent years, reaching 426.16 US$ by March 2026.
- Operating Profit per Share Trend
- Operating profit per share consistently remains negative across all reported years. The negative value decreases from -0.69 US$ in March 2020 to -0.41 US$ in March 2021. It then worsens to -0.62 US$ in March 2022 and further to -0.81 US$ in March 2023. A minimal negative value of -0.01 US$ is recorded in March 2024, but returns to a more substantial negative value of -0.49 US$ in March 2025, and -1.16 US$ in March 2026.
- P/OP Ratio Implication
- Given the consistently negative operating profit per share, the P/OP ratio is not meaningfully interpretable in a traditional sense. A positive share price combined with negative operating profit results in a negative P/OP ratio. This suggests the market is pricing in future profitability, growth expectations, or other factors beyond current earnings. The magnitude of the negative P/OP ratio would reflect the degree to which the market is willing to pay for potential future earnings. The absence of P/OP values suggests a lack of calculation or reporting of this ratio during the observed period, despite the availability of the underlying components.
The divergence between the increasing share price and the consistently negative operating profit per share indicates a strong reliance on future expectations driving the company’s valuation. The trend in operating profit per share, while remaining negative, shows some fluctuation, which may influence investor sentiment and, consequently, the share price.
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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 | — | — | — | — | — | — | — | — | — | — | — | 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).