Strategy Inc (MSTR) vs Splunk Inc. (SPLK)
SPLK leads on 6 of 11 compared metrics.
A side-by-side comparison of Strategy Inc and Splunk Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 25, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — MSTR vs SPLK
growth of $100 · last 12yMSTR +1129.2%SPLK +342.2%MSTR compounded faster
MSTR SPLK
MSTR vs SPLK: by the numbers
- •MSTR is the larger company ($27.96B vs $26.44B market cap).
- •SPLK is profitable (6.26% net margin) while MSTR runs a net loss (-2519.39%).
- •SPLK grew revenue faster over the past five years (18.52% vs -0.07% CAGR).
Which is better, MSTR or SPLK?
Metric tally: MSTR 5 · SPLK 6It depends on what you're optimizing for:
GrowthSPLK(faster 5Y revenue CAGR)
QualitySPLK(higher ROIC)
Metrics side by side
Valuation
| Metric | MSTR | SPLK |
|---|---|---|
| P/E ratio | — | 104.60 |
| Forward P/E | 1.97 | — |
| P/S ratio | 64.08 | 6.29● |
| P/B ratio | 0.69● | 35.82 |
| PEG ratio | — | 0.71 |
| EV / EBITDA | — | 57.53 |
| FCF yield | 14.39%● | 3.71% |
Profitability
| Metric | MSTR | SPLK |
|---|---|---|
| Gross margin | 68.11% | 79.74%● |
| Operating margin | 94.21%● | 6.95% |
| Net margin | -2519.39% | 6.26%● |
| ROE | -27.08% | 35.61%● |
| ROIC | -6.19% | 7.66%● |
Growth (annualized)
| Metric | MSTR | SPLK |
|---|---|---|
| Revenue CAGR (5Y) | -0.07% | 18.52%● |
| EPS CAGR (5Y) | 73.47% | — |
| FCF CAGR (5Y) | 132.62%● | 29.25% |
| Total return CAGR (5Y) | 10.10%● | 4.06% |
Frequently asked
- Which is better, MSTR or SPLK?
- It depends on your goal. growth: SPLK (faster 5Y revenue CAGR); quality: SPLK (higher ROIC). Across all compared metrics, SPLK leads 6 to 5.
- Which has grown faster, MSTR or SPLK?
- Over the past five years, SPLK grew revenue faster — MSTR at a -0.07% CAGR versus SPLK at 18.52%.
- Is MSTR or SPLK more profitable?
- SPLK runs the higher net margin — MSTR at -2519.39% versus SPLK at 6.26%.
- Which has been the better investment, MSTR or SPLK?
- Over the past 10-year, MSTR delivered the higher annualized total return — MSTR at 18.45% versus SPLK at 5.71%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Strategy P/E ratioSplunk P/E ratioStrategy dividend yieldSplunk dividend yieldStrategy ROESplunk ROEStrategy operating marginSplunk operating marginStrategy revenue growthSplunk revenue growthStrategy free cash flowSplunk free cash flow
Strategy & Splunk appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 25, 2026.