Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

Enterprise Value to EBITDA (EV/EBITDA)

Microsoft Excel

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

CrowdStrike Holdings Inc., EBITDA calculation

US$ in thousands

Microsoft Excel
12 months ended: Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Net income (loss) attributable to CrowdStrike (19,271) 89,327 (183,245) (234,802) (92,629) (141,779)
Add: Net income attributable to noncontrolling interest 2,675 1,258 960 2,424
Add: Income tax expense 71,130 32,232 22,402 72,355 4,760 1,997
Earnings before tax (EBT) 54,534 122,817 (159,883) (160,023) (87,869) (139,782)
Add: Interest expense 26,311 25,756 25,319 25,231 1,559 442
Earnings before interest and tax (EBIT) 80,845 148,573 (134,564) (134,792) (86,310) (139,340)
Add: Depreciation and amortization 187,952 126,838 77,245 55,908 38,710 23,026
Add: Amortization of intangible assets 26,004 18,416 16,565 12,902 1,448 487
Earnings before interest, tax, depreciation and amortization (EBITDA) 294,801 293,827 (40,754) (65,982) (46,152) (115,827)

Based on: 10-K (reporting date: 2025-01-31), 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).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. CrowdStrike Holdings Inc. EBITDA increased from 2023 to 2024 and from 2024 to 2025.

Enterprise Value to EBITDA Ratio, Current

CrowdStrike Holdings Inc., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 92,077,281
Earnings before interest, tax, depreciation and amortization (EBITDA) 294,801
Valuation Ratio
EV/EBITDA 312.34
Benchmarks
EV/EBITDA, Competitors1
Accenture PLC 15.84
Adobe Inc. 18.57
Cadence Design Systems Inc. 43.41
International Business Machines Corp. 21.97
Intuit Inc. 36.80
Microsoft Corp. 20.95
Oracle Corp. 20.63
Palantir Technologies Inc. 444.20
Palo Alto Networks Inc. 85.81
Salesforce Inc. 21.08
ServiceNow Inc. 70.17
Synopsys Inc. 33.22
Workday Inc. 50.82
EV/EBITDA, Sector
Software & Services 24.07
EV/EBITDA, Industry
Information Technology 26.49

Based on: 10-K (reporting date: 2025-01-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

CrowdStrike Holdings Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 73,018,294 77,040,232 26,759,359 42,522,195 41,404,219 10,058,246
Earnings before interest, tax, depreciation and amortization (EBITDA)2 294,801 293,827 (40,754) (65,982) (46,152) (115,827)
Valuation Ratio
EV/EBITDA3 247.69 262.20
Benchmarks
EV/EBITDA, Competitors4
Accenture PLC 19.87 17.26 14.25 23.31 17.46
Adobe Inc. 22.06 34.07 22.32 35.44 43.06
Cadence Design Systems Inc. 42.25 55.61 42.11 39.61 45.75
International Business Machines Corp. 22.90 14.41 22.17 12.53 12.28
Intuit Inc. 38.55 38.71 36.22 51.96 35.70
Microsoft Corp. 23.66 22.92 20.17 24.59 21.74
Oracle Corp. 21.81 21.80 17.12 13.78 11.54
Palantir Technologies Inc. 551.39 175.93
Palo Alto Networks Inc. 84.17 85.08 515.19 349.99
Salesforce Inc. 24.64 31.64 38.31 38.88 33.83 49.45
ServiceNow Inc. 87.89 96.48 104.30 147.45 220.91
Synopsys Inc. 39.17 54.59 36.73 53.43 42.24
Workday Inc. 55.27 86.37 216.44 147.90 670.04
EV/EBITDA, Sector
Software & Services 27.09 25.22 22.55 25.68 23.25
EV/EBITDA, Industry
Information Technology 27.60 23.59 18.31 20.49 19.71

Based on: 10-K (reporting date: 2025-01-31), 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 See details »

2 See details »

3 2025 Calculation
EV/EBITDA = EV ÷ EBITDA
= 73,018,294 ÷ 294,801 = 247.69

4 Click competitor name to see calculations.