Strategy vs N-able
Strategy and N-able are similar in size: $477m and $509m of revenue in their latest fiscal years. N-able grew faster (9.3% against 3.0%). N-able kept more of each dollar of sales as profit: a net margin of -3.7% against -806.3%. Strategy carries less debt relative to equity (18.6% against 49.9%).
| Latest fiscal year | StrategyMSTR, 2025 | N-ableNABL, 2025 |
|---|---|---|
| Revenue | $477m | $509m |
| Revenue growth | 3.0% | 9.3% |
| Net income | −$3.85bn | −$18.8m |
| Operating margin | -1140.8% | 6.7% |
| Net margin | -806.3% | -3.7% |
| Return on equity | -10.2% | -2.4% |
| Free cash flow | −$75.5m | $75.1m |
| Cash | $2.30bn | $112m |
| Total debt | $8.19bn | $400m |
| Debt to equity | 18.6% | 49.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $30.0m |
| Employees | 1,539 | 1,852 |
| Market value | $57.90bn | $951m |
| Price vs our value range | — | Above our value range |
| Moat score | 43 (Weak) | 64 (Moderate) |
| Insider trades, 12 months | 10 buys, 150 sales | 0 buys, 0 sales |