Stock Analysis on Net
Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

CrowdStrike Holdings Inc., adjusted financial ratios

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Activity Ratio
Total Asset Turnover
Reported 0.46 0.45 0.40 0.32 0.34
Adjusted 0.57 0.61 0.57 0.44 0.52
Liquidity Ratio
Current Ratio
Reported 1.76 1.73 1.83 2.65 2.38
Adjusted 11.16 9.55 9.52 14.20 14.64
Solvency Ratios
Debt to Equity
Reported 0.32 0.51 0.72 0.85 0.00
Adjusted 0.15 0.20 0.30 0.44 0.04
Debt to Capital
Reported 0.24 0.34 0.42 0.46 0.00
Adjusted 0.13 0.17 0.23 0.30 0.04
Financial Leverage
Reported 2.88 3.43 3.53 3.14 1.89
Adjusted 1.23 1.31 1.41 1.53 1.11
Profitability Ratios
Net Profit Margin
Reported 2.92% -8.18% -16.18% -10.59% -29.45%
Adjusted 20.91% 21.06% 17.78% 20.41% 18.31%
Return on Equity (ROE)
Reported 3.88% -12.52% -22.89% -10.64% -19.10%
Adjusted 14.58% 16.82% 14.35% 13.91% 10.62%
Return on Assets (ROA)
Reported 1.34% -3.65% -6.49% -3.39% -10.09%
Adjusted 11.82% 12.86% 10.18% 9.08% 9.59%

Based on: 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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. CrowdStrike Holdings Inc. adjusted total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. CrowdStrike Holdings Inc. adjusted current ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. CrowdStrike Holdings Inc. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. CrowdStrike Holdings Inc. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 CrowdStrike Holdings Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. CrowdStrike Holdings Inc. adjusted net profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. CrowdStrike Holdings Inc. adjusted ROE improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. CrowdStrike Holdings Inc. adjusted ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

CrowdStrike Holdings Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Reported
Selected Financial Data (US$ in thousands)
Revenue 3,055,555 2,241,236 1,451,594 874,438 481,413
Total assets 6,646,520 5,026,540 3,618,381 2,732,533 1,404,906
Activity Ratio
Total asset turnover1 0.46 0.45 0.40 0.32 0.34
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted revenue2 3,754,541 3,067,028 2,069,020 1,215,165 762,514
Adjusted total assets3 6,641,494 5,024,687 3,615,254 2,732,493 1,456,529
Activity Ratio
Adjusted total asset turnover4 0.57 0.61 0.57 0.44 0.52

Based on: 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 2024 Calculation
Total asset turnover = Revenue ÷ Total assets
= 3,055,555 ÷ 6,646,520 = 0.46

2 Adjusted revenue. See details »

3 Adjusted total assets. See details »

4 2024 Calculation
Adjusted total asset turnover = Adjusted revenue ÷ Adjusted total assets
= 3,754,541 ÷ 6,641,494 = 0.57

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. CrowdStrike Holdings Inc. adjusted total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Adjusted Current Ratio

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Reported
Selected Financial Data (US$ in thousands)
Current assets 4,757,307 3,640,267 2,570,952 2,292,274 1,171,636
Current liabilities 2,697,279 2,109,072 1,406,830 863,553 493,096
Liquidity Ratio
Current ratio1 1.76 1.73 1.83 2.65 2.38
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets2 4,759,507 3,642,867 2,572,552 2,293,474 1,172,736
Adjusted current liabilities3 426,522 381,588 270,328 161,565 80,111
Liquidity Ratio
Adjusted current ratio4 11.16 9.55 9.52 14.20 14.64

Based on: 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 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,757,307 ÷ 2,697,279 = 1.76

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2024 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 4,759,507 ÷ 426,522 = 11.16

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. CrowdStrike Holdings Inc. adjusted current ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Debt to Equity

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Reported
Selected Financial Data (US$ in thousands)
Total debt 742,494 741,005 739,517 738,029 —
Total CrowdStrike Holdings, Inc. stockholders’ equity 2,303,950 1,463,641 1,025,764 870,574 742,107
Solvency Ratio
Debt to equity1 0.32 0.51 0.72 0.85 0.00
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 792,874 783,618 774,716 778,992 50,686
Adjusted total stockholders’ equity3 5,386,162 3,840,694 2,563,837 1,783,729 1,314,712
Solvency Ratio
Adjusted debt to equity4 0.15 0.20 0.30 0.44 0.04

Based on: 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 2024 Calculation
Debt to equity = Total debt ÷ Total CrowdStrike Holdings, Inc. stockholders’ equity
= 742,494 ÷ 2,303,950 = 0.32

2 Adjusted total debt. See details »

3 Adjusted total stockholders’ equity. See details »

4 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total stockholders’ equity
= 792,874 ÷ 5,386,162 = 0.15

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. CrowdStrike Holdings Inc. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Debt to Capital

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Reported
Selected Financial Data (US$ in thousands)
Total debt 742,494 741,005 739,517 738,029 —
Total capital 3,046,444 2,204,646 1,765,281 1,608,603 742,107
Solvency Ratio
Debt to capital1 0.24 0.34 0.42 0.46 0.00
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 792,874 783,618 774,716 778,992 50,686
Adjusted total capital3 6,179,036 4,624,312 3,338,553 2,562,721 1,365,398
Solvency Ratio
Adjusted debt to capital4 0.13 0.17 0.23 0.30 0.04

Based on: 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 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 742,494 ÷ 3,046,444 = 0.24

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 792,874 ÷ 6,179,036 = 0.13

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. CrowdStrike Holdings Inc. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Financial Leverage

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Reported
Selected Financial Data (US$ in thousands)
Total assets 6,646,520 5,026,540 3,618,381 2,732,533 1,404,906
Total CrowdStrike Holdings, Inc. stockholders’ equity 2,303,950 1,463,641 1,025,764 870,574 742,107
Solvency Ratio
Financial leverage1 2.88 3.43 3.53 3.14 1.89
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets2 6,641,494 5,024,687 3,615,254 2,732,493 1,456,529
Adjusted total stockholders’ equity3 5,386,162 3,840,694 2,563,837 1,783,729 1,314,712
Solvency Ratio
Adjusted financial leverage4 1.23 1.31 1.41 1.53 1.11

Based on: 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 2024 Calculation
Financial leverage = Total assets ÷ Total CrowdStrike Holdings, Inc. stockholders’ equity
= 6,646,520 ÷ 2,303,950 = 2.88

2 Adjusted total assets. See details »

3 Adjusted total stockholders’ equity. See details »

4 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total stockholders’ equity
= 6,641,494 ÷ 5,386,162 = 1.23

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 CrowdStrike Holdings Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.

Adjusted Net Profit Margin

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Reported
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to CrowdStrike 89,327 (183,245) (234,802) (92,629) (141,779)
Revenue 3,055,555 2,241,236 1,451,594 874,438 481,413
Profitability Ratio
Net profit margin1 2.92% -8.18% -16.18% -10.59% -29.45%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)2 785,140 646,034 367,933 248,056 139,652
Adjusted revenue3 3,754,541 3,067,028 2,069,020 1,215,165 762,514
Profitability Ratio
Adjusted net profit margin4 20.91% 21.06% 17.78% 20.41% 18.31%

Based on: 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 2024 Calculation
Net profit margin = 100 × Net income (loss) attributable to CrowdStrike ÷ Revenue
= 100 × 89,327 ÷ 3,055,555 = 2.92%

2 Adjusted net income (loss). See details »

3 Adjusted revenue. See details »

4 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Adjusted revenue
= 100 × 785,140 ÷ 3,754,541 = 20.91%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. CrowdStrike Holdings Inc. adjusted net profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Adjusted Return on Equity (ROE)

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Reported
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to CrowdStrike 89,327 (183,245) (234,802) (92,629) (141,779)
Total CrowdStrike Holdings, Inc. stockholders’ equity 2,303,950 1,463,641 1,025,764 870,574 742,107
Profitability Ratio
ROE1 3.88% -12.52% -22.89% -10.64% -19.10%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)2 785,140 646,034 367,933 248,056 139,652
Adjusted total stockholders’ equity3 5,386,162 3,840,694 2,563,837 1,783,729 1,314,712
Profitability Ratio
Adjusted ROE4 14.58% 16.82% 14.35% 13.91% 10.62%

Based on: 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 2024 Calculation
ROE = 100 × Net income (loss) attributable to CrowdStrike ÷ Total CrowdStrike Holdings, Inc. stockholders’ equity
= 100 × 89,327 ÷ 2,303,950 = 3.88%

2 Adjusted net income (loss). See details »

3 Adjusted total stockholders’ equity. See details »

4 2024 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted total stockholders’ equity
= 100 × 785,140 ÷ 5,386,162 = 14.58%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. CrowdStrike Holdings Inc. adjusted ROE improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Adjusted Return on Assets (ROA)

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Reported
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to CrowdStrike 89,327 (183,245) (234,802) (92,629) (141,779)
Total assets 6,646,520 5,026,540 3,618,381 2,732,533 1,404,906
Profitability Ratio
ROA1 1.34% -3.65% -6.49% -3.39% -10.09%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)2 785,140 646,034 367,933 248,056 139,652
Adjusted total assets3 6,641,494 5,024,687 3,615,254 2,732,493 1,456,529
Profitability Ratio
Adjusted ROA4 11.82% 12.86% 10.18% 9.08% 9.59%

Based on: 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 2024 Calculation
ROA = 100 × Net income (loss) attributable to CrowdStrike ÷ Total assets
= 100 × 89,327 ÷ 6,646,520 = 1.34%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2024 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 785,140 ÷ 6,641,494 = 11.82%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. CrowdStrike Holdings Inc. adjusted ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.