Strategy vs Pagerduty
Strategy and Pagerduty are similar in size: $477m and $493m of revenue in their latest fiscal years. Pagerduty grew faster (5.4% against 3.0%). Pagerduty kept more of each dollar of sales as profit: a net margin of 35.2% against -806.3%. Strategy carries less debt relative to equity (18.6% against 165.9%).
| Latest fiscal year | StrategyMSTR, 2025 | PagerdutyPD, 2026 |
|---|---|---|
| Revenue | $477m | $493m |
| Revenue growth | 3.0% | 5.4% |
| Net income | −$3.85bn | $173m |
| Operating margin | -1140.8% | 1.2% |
| Net margin | -806.3% | 35.2% |
| Return on equity | -10.2% | 90.4% |
| Free cash flow | −$75.5m | $112m |
| Cash | $2.30bn | $237m |
| Total debt | $8.19bn | $421m |
| Debt to equity | 18.6% | 165.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $135m |
| Employees | 1,539 | 1,155 |
| Market value | $55.97bn | $1.41bn |
| Price vs our value range | — | Above our value range |
| Moat score | 43 (Weak) | 36 (Weak) |
| Insider trades, 12 months | 10 buys, 150 sales | 0 buys, 9 sales |