Stock Analysis on Net
Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

CrowdStrike Holdings Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Jul 31, 2024 5.97% = 2.36% × 2.52
Apr 30, 2024 5.19% = 1.92% × 2.70
Jan 31, 2024 3.88% = 1.34% × 2.88
Oct 31, 2023 -0.58% = -0.20% × 2.87
Jul 31, 2023 -5.09% = -1.69% × 3.00
Apr 30, 2023 -9.42% = -2.94% × 3.20
Jan 31, 2023 -12.52% = -3.65% × 3.43
Oct 31, 2022 -13.52% = -3.98% × 3.40
Jul 31, 2022 -14.14% = -4.17% × 3.39
Apr 30, 2022 -16.44% = -4.73% × 3.48
Jan 31, 2022 -22.89% = -6.49% × 3.53
Oct 31, 2021 -22.34% = -6.42% × 3.48
Jul 31, 2021 -20.56% = -5.93% × 3.47
Apr 30, 2021 -18.66% = -5.50% × 3.39
Jan 31, 2021 -10.64% = -3.39% × 3.14
Oct 31, 2020 -12.54% = -5.83% × 2.15
Jul 31, 2020 -14.29% = -6.99% × 2.04
Apr 30, 2020 -17.95% = -8.89% × 2.02
Jan 31, 2020 -19.10% = -10.09% × 1.89
Oct 31, 2019 — = — × 1.75
Jul 31, 2019 — = — × 1.61
Apr 30, 2019 — = — × 6.29

Based on: 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

The primary reason for the increase in return on equity ratio (ROE) over Q2 2025 is the increase in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

CrowdStrike Holdings Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Jul 31, 2024 5.97% = 4.84% × 0.49 × 2.52
Apr 30, 2024 5.19% = 4.01% × 0.48 × 2.70
Jan 31, 2024 3.88% = 2.92% × 0.46 × 2.88
Oct 31, 2023 -0.58% = -0.42% × 0.49 × 2.87
Jul 31, 2023 -5.09% = -3.54% × 0.48 × 3.00
Apr 30, 2023 -9.42% = -6.18% × 0.48 × 3.20
Jan 31, 2023 -12.52% = -8.18% × 0.45 × 3.43
Oct 31, 2022 -13.52% = -8.73% × 0.46 × 3.40
Jul 31, 2022 -14.14% = -9.45% × 0.44 × 3.39
Apr 30, 2022 -16.44% = -11.08% × 0.43 × 3.48
Jan 31, 2022 -22.89% = -16.18% × 0.40 × 3.53
Oct 31, 2021 -22.34% = -16.48% × 0.39 × 3.48
Jul 31, 2021 -20.56% = -16.34% × 0.36 × 3.47
Apr 30, 2021 -18.66% = -15.86% × 0.35 × 3.39
Jan 31, 2021 -10.64% = -10.59% × 0.32 × 3.14
Oct 31, 2020 -12.54% = -13.40% × 0.44 × 2.15
Jul 31, 2020 -14.29% = -17.27% × 0.40 × 2.04
Apr 30, 2020 -17.95% = -23.97% × 0.37 × 2.02
Jan 31, 2020 -19.10% = -29.45% × 0.34 × 1.89
Oct 31, 2019 — = — × — × 1.75
Jul 31, 2019 — = — × — × 1.61
Apr 30, 2019 — = — × — × 6.29

Based on: 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

The primary reason for the increase in return on equity ratio (ROE) over Q2 2025 is the increase in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

CrowdStrike Holdings Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Jul 31, 2024 5.97% = 0.80 × 0.89 × 6.77% × 0.49 × 2.52
Apr 30, 2024 5.19% = 0.79 × 0.87 × 5.88% × 0.48 × 2.70
Jan 31, 2024 3.88% = 0.73 × 0.83 × 4.82% × 0.46 × 2.88
Oct 31, 2023 -0.58% = -0.98 × 0.32 × 1.33% × 0.49 × 2.87
Jul 31, 2023 -5.09% = — × — × -1.69% × 0.48 × 3.00
Apr 30, 2023 -9.42% = — × — × -4.19% × 0.48 × 3.20
Jan 31, 2023 -12.52% = — × — × -6.05% × 0.45 × 3.43
Oct 31, 2022 -13.52% = — × — × -5.99% × 0.46 × 3.40
Jul 31, 2022 -14.14% = — × — × -6.63% × 0.44 × 3.39
Apr 30, 2022 -16.44% = — × — × -7.96% × 0.43 × 3.48
Jan 31, 2022 -22.89% = — × — × -9.45% × 0.40 × 3.53
Oct 31, 2021 -22.34% = — × — × -10.13% × 0.39 × 3.48
Jul 31, 2021 -20.56% = — × — × -10.07% × 0.36 × 3.47
Apr 30, 2021 -18.66% = — × — × -9.71% × 0.35 × 3.39
Jan 31, 2021 -10.64% = — × — × -9.87% × 0.32 × 3.14
Oct 31, 2020 -12.54% = — × — × -13.01% × 0.44 × 2.15
Jul 31, 2020 -14.29% = — × — × -16.84% × 0.40 × 2.04
Apr 30, 2020 -17.95% = — × — × -23.43% × 0.37 × 2.02
Jan 31, 2020 -19.10% = — × — × -28.94% × 0.34 × 1.89
Oct 31, 2019 — = — × — × — × — × 1.75
Jul 31, 2019 — = — × — × — × — × 1.61
Apr 30, 2019 — = — × — × — × — × 6.29

Based on: 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

The primary reason for the increase in return on equity ratio (ROE) over Q2 2025 is the increase in operating profitability measured by EBIT margin ratio.

Two-Component Disaggregation of ROA

CrowdStrike Holdings Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Jul 31, 2024 2.36% = 4.84% × 0.49
Apr 30, 2024 1.92% = 4.01% × 0.48
Jan 31, 2024 1.34% = 2.92% × 0.46
Oct 31, 2023 -0.20% = -0.42% × 0.49
Jul 31, 2023 -1.69% = -3.54% × 0.48
Apr 30, 2023 -2.94% = -6.18% × 0.48
Jan 31, 2023 -3.65% = -8.18% × 0.45
Oct 31, 2022 -3.98% = -8.73% × 0.46
Jul 31, 2022 -4.17% = -9.45% × 0.44
Apr 30, 2022 -4.73% = -11.08% × 0.43
Jan 31, 2022 -6.49% = -16.18% × 0.40
Oct 31, 2021 -6.42% = -16.48% × 0.39
Jul 31, 2021 -5.93% = -16.34% × 0.36
Apr 30, 2021 -5.50% = -15.86% × 0.35
Jan 31, 2021 -3.39% = -10.59% × 0.32
Oct 31, 2020 -5.83% = -13.40% × 0.44
Jul 31, 2020 -6.99% = -17.27% × 0.40
Apr 30, 2020 -8.89% = -23.97% × 0.37
Jan 31, 2020 -10.09% = -29.45% × 0.34
Oct 31, 2019 — = — × —
Jul 31, 2019 — = — × —
Apr 30, 2019 — = — × —

Based on: 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

The primary reason for the increase in return on assets ratio (ROA) over Q2 2025 is the increase in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

CrowdStrike Holdings Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Jul 31, 2024 2.36% = 0.80 × 0.89 × 6.77% × 0.49
Apr 30, 2024 1.92% = 0.79 × 0.87 × 5.88% × 0.48
Jan 31, 2024 1.34% = 0.73 × 0.83 × 4.82% × 0.46
Oct 31, 2023 -0.20% = -0.98 × 0.32 × 1.33% × 0.49
Jul 31, 2023 -1.69% = — × — × -1.69% × 0.48
Apr 30, 2023 -2.94% = — × — × -4.19% × 0.48
Jan 31, 2023 -3.65% = — × — × -6.05% × 0.45
Oct 31, 2022 -3.98% = — × — × -5.99% × 0.46
Jul 31, 2022 -4.17% = — × — × -6.63% × 0.44
Apr 30, 2022 -4.73% = — × — × -7.96% × 0.43
Jan 31, 2022 -6.49% = — × — × -9.45% × 0.40
Oct 31, 2021 -6.42% = — × — × -10.13% × 0.39
Jul 31, 2021 -5.93% = — × — × -10.07% × 0.36
Apr 30, 2021 -5.50% = — × — × -9.71% × 0.35
Jan 31, 2021 -3.39% = — × — × -9.87% × 0.32
Oct 31, 2020 -5.83% = — × — × -13.01% × 0.44
Jul 31, 2020 -6.99% = — × — × -16.84% × 0.40
Apr 30, 2020 -8.89% = — × — × -23.43% × 0.37
Jan 31, 2020 -10.09% = — × — × -28.94% × 0.34
Oct 31, 2019 — = — × — × — × —
Jul 31, 2019 — = — × — × — × —
Apr 30, 2019 — = — × — × — × —

Based on: 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

The primary reason for the increase in return on assets ratio (ROA) over Q2 2025 is the increase in operating profitability measured by EBIT margin ratio.

Disaggregation of Net Profit Margin

CrowdStrike Holdings Inc., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Jul 31, 2024 4.84% = 0.80 × 0.89 × 6.77%
Apr 30, 2024 4.01% = 0.79 × 0.87 × 5.88%
Jan 31, 2024 2.92% = 0.73 × 0.83 × 4.82%
Oct 31, 2023 -0.42% = -0.98 × 0.32 × 1.33%
Jul 31, 2023 -3.54% = — × — × -1.69%
Apr 30, 2023 -6.18% = — × — × -4.19%
Jan 31, 2023 -8.18% = — × — × -6.05%
Oct 31, 2022 -8.73% = — × — × -5.99%
Jul 31, 2022 -9.45% = — × — × -6.63%
Apr 30, 2022 -11.08% = — × — × -7.96%
Jan 31, 2022 -16.18% = — × — × -9.45%
Oct 31, 2021 -16.48% = — × — × -10.13%
Jul 31, 2021 -16.34% = — × — × -10.07%
Apr 30, 2021 -15.86% = — × — × -9.71%
Jan 31, 2021 -10.59% = — × — × -9.87%
Oct 31, 2020 -13.40% = — × — × -13.01%
Jul 31, 2020 -17.27% = — × — × -16.84%
Apr 30, 2020 -23.97% = — × — × -23.43%
Jan 31, 2020 -29.45% = — × — × -28.94%
Oct 31, 2019 — = — × — × —
Jul 31, 2019 — = — × — × —
Apr 30, 2019 — = — × — × —

Based on: 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

The primary reason for the increase in net profit margin ratio over Q2 2025 is the increase in operating profitability measured by EBIT margin ratio.