CrowdStrike Holdings, Inc. (CRWD)
Information Technology · Systems Software · US stock · S&P 500 component
$237.94
▼ -1.40 (0.58%)
Fair valueOvervalued
$187 −21.3% to fair value
$94fair band $159–$227$281
Day's range
$235.17 – $246.36
52-week range
$85.68 – $286.99
About CrowdStrike Holdings, Inc.
CrowdStrike provides cloud-delivered cybersecurity through its Falcon platform. Falcon protects computers and servers from attacks, and its modules also cover cloud workloads, identity protection, threat intelligence, security analytics and managed detection and response. Customers range from small firms to large enterprises and government bodies. The platform runs from a single lightweight software agent and a central cloud, which lets customers add modules as their needs grow.
CrowdStrike earns its revenue mainly from subscriptions to Falcon modules, with professional services as a smaller part. Revenue was $5.4 billion over the last twelve months and has grown at 29.0% a year across the last three years. The operating margin is -2.2%, and the business earns -12% on the capital invested in it, so it is still loss-making on that measure. No dividend is paid. On the site's X-Ray Score it receives 33 out of 100.
CRWD news
All CRWD news →Price chart
52-wk range $85.68 – $286.99Volume 10,060,769Daily, split-adjusted
Vitals
Market cap$248.5B
52-week range$85.68 – $286.99
Volume (last day)10,060,769
P/E (TTM)1,794.8
EBIT / EV yield0.0%
Free-cash-flow yield0.6%
Dividend yieldNo dividend
Revenue (TTM)$5.4B
Net income (TTM)$60M
Operating margin-2.2%
Return on capital-11.8%
Debt incl. leases$820M
Cash & securities$5.0B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$187middle half of models $176 – $202
Overvalued
−21.3% to fair value
Average of the 6 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Low, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $238
Undervalued < $159Fair $159 – $227Overvalued > $227
P/E multiple
$208
P/B multiple
$176
P/S multiple
$155
EV/revenue multiple
$176
10-year DCF, revenue exit
$184
5-year DCF, revenue exit
$224
5-year DCF, growth exit · not used
$0
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
9/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield0.0%
Free-cash-flow yield0.6%
Fair value vs price0.8×
Growth
Strong
76/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)29.0%
Growth consistency100%
Profitability
Weak
38/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital-11.8%
Operating margin-2.2%
Gross profitability33.8%
Financial health
Weak
16/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Interest cover-4.5×
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+19.8%
Apr '25
+21.3%
Jul '25
+22.2%
Oct '25
+23.3%
Jan '26
+25.6%
Apr '26
+25.8%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.5B, diluted EPS $0.01.
Compare with peers
MSFT Microsoft Corp61 FTNT Fortinet, Inc.59 GEN Gen Digital Inc.59 NOW ServiceNow, Inc.48Other Systems Software companies by X-Ray Score.
SWOT analysis: CrowdStrike Holdings, Inc.
Strengthsinside the company
- Revenue has grown 29.0% a year over three years (median 15.8% for industry peers).
Weaknessesinside the company
- Return on invested capital is only -11.8% (median 6.5% for industry peers), so the business earns little above its cost of capital.
- Operating margin of -2.2% is thin against 21.9% for industry peers.
- Altman Z-score of 1.8 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
- Our Market Compass rates the backdrop for Information Technology as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Revenue growth slowed to 21.7% last year from 29.0% a year over three years.
- Trades at 4,156.1x earnings, 8,594% above the 47.8x median of industry peers, so the price already assumes better results.
- The price is 21% above our fair value estimate, so there is little room for disappointment.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare CRWD with peers and sector
Medians of 6 Systems Software peers and of 74 Information Technology stocks in our universe.
Largest peers (X-Ray Score): MSFT 61, PANW 33, NOW 48, FTNT 59, TWLO 43, GEN 59.
| Metric | CRWD | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 33 | 54 | 50 |
| Valuation | 9 | 47 | 52 |
| Growth | 76 | 63 | 54 |
| Profitability | 38 | 44 | 50 |
| Financial health | 16 | 50 | 50 |
| Dividends | – | – | 50 |
Sector leaders: highest X-Ray Score in Information Technology
CRWD ranks #68 of 75 in Information Technology and #6 of 7 in Systems Software by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for CRWD
Each factor is rated by where CRWD stands among the 75 Information Technology stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 6 Good · 3 Average · 10 Bad of 19
Growth: 2 · 0 · 0
Profitability: 1 · 0 · 4
Financial strength: 0 · 1 · 2
Valuation: 0 · 0 · 4
Cash flow: 3 · 1 · 0
Efficiency: 0 · 1 · 0
| Factor | CRWD | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +29.0% | Good beats 93% | +9.7% | – | – |
| Revenue growth, last year | +21.7% | Good beats 73% | +13.7% | +36.3% | ▼ Worse |
| Profitability | |||||
| Gross margin | 75.2% | Good beats 82% | 57.8% | 74.7% | ≈ In line |
| Operating margin | -2.2% | Bad beats 1% | 20.3% | -6.1% | ▲ Better |
| Net margin | 1.1% | Bad beats 5% | 17.8% | -3.3% | ▲ Better |
| Return on invested capital | -11.8% | Bad beats 1% | 19.4% | – | – |
| Return on equity | 1.2% | Bad beats 6% | 21.0% | -3.6% | ▲ Better |
| Financial strength | |||||
| Interest cover | -4.5x | Bad beats 1% | 23.0x | -5.6x | ▲ Better |
| Current ratio | 1.57 | Average beats 50% | 1.57 | 1.77 | ▼ Worse |
| Piotroski F-score | 4 / 9 | Bad beats 9% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 4,156.1x | Bad beats 1% | 33.6x | – | – |
| Price / book | 48.7x | Bad beats 6% | 8.3x | – | – |
| Price / sales | 46.1x | Bad beats 2% | 6.9x | – | – |
| Free cash flow yield | 0.6% | Bad beats 8% | 3.4% | – | – |
| Cash flow | |||||
| Free cash flow margin | 29.8% | Good beats 73% | 22.3% | 31.5% | ≈ In line |
| Cash from operations / net income | 33.72 | Good beats 99% | 1.39 | – | – |
| Free cash flow growth, 3 years a year | +22.9% | Average beats 61% | +15.4% | – | – |
| Accruals (lower is better) | −16.3% | Good beats 97% | −4.4% | – | – |
| Efficiency | |||||
| Days sales outstanding | 70 days | Average beats 37% | 63 days | 102 days | ▲ Better |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 3 Average · ● 8 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldBad
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
Free-cash-flow growth (3y)Average
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioAverage
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 37/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $1.5B | $2.2B | $3.1B | $4.0B | $4.8B |
| Operating income | −$143M | −$190M | −$19M | −$116M | −$293M |
| Net income | −$232M | −$182M | $73M | −$13M | −$161M |
| Operating cash flow | $575M | $941M | $1.2B | $1.4B | $1.6B |
| Operating margin | -9.8% | -8.5% | -0.6% | -2.9% | -6.1% |
| Free cash flow | $463M | $706M | $990M | $1.1B | $1.3B |
| Diluted EPS | $-1.03 | $-0.79 | $0.30 | $-0.06 | $-0.65 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
6 bullish · 4 neutral · 6 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 0 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 245.3 | Bearish |
| EMA 10 | 242.7 | Bearish |
| SMA 20 | 255.4 | Bearish |
| EMA 20 | 246.4 | Bearish |
| SMA 50 | 234.2 | Bullish |
| EMA 50 | 235.3 | Bullish |
| SMA 100 | 211.3 | Bullish |
| EMA 100 | 212.4 | Bullish |
| SMA 200 | 162.9 | Bullish |
| EMA 200 | 181.7 | Bullish |
Oscillators (daily)
| RSI (14) | 45.84 | Neutral |
| MACD (12, 26) | -1.11 | Bearish |
| Momentum (12) | -14.67 | Bearish |
| Stochastic %K (14) | 25.26 | Neutral |
| Williams %R (14) | -74.74 | Neutral |
| CCI (20) | -80.35 | Neutral |
Pivot points (classic, last session)
S3 222.1 | S2 228.6 | S1 233.3 | Pivot 239.8 | R1 244.5 | R2 251.0 | R3 255.7 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
ETFs that hold CRWD
| ETF | Share of the fund |
|---|---|
| AIPI REX AI Equity Premium Income | 12.93% |
| CIBR First Trust NASDAQ Cybersecurity | 8.29% |
| BUG Global X Cybersecurity | 7.31% |
| IGV iShares Expanded Tech-Software Sector | 7.28% |
| IVES Dan IVES Wedbush AI Revolution | 3.09% |
| XNTK SPDR Morgan Stanley Technology | 3.07% |
| WCLD WisdomTree Cloud Computing | 2.61% |
| JTEK JPMorgan U.S. Tech Leaders | 2.59% |
The eight funds with the largest weight in CRWD among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
CRWD stock splits
CRWD has split its stock once since 2026. The latest was a 4-for-1 split on 2 Jul 2026.
Full CRWD stock split history →CRWD SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Other events
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.