C3.ai vs Strategy
Strategy reported revenue of $477 million in fiscal 2025, 1.9 times C3.ai's $250 million in fiscal 2026. C3.ai's revenue fell 35.7% in its latest year, and Strategy's grew 3.0%. C3.ai had an operating margin of -199.2%, against -1140.8% at Strategy. Free cash flow was −$192 million at C3.ai and −$75 million at Strategy. Their fiscal years end in different months (April 30 and December 31), so the periods don't line up exactly.
Side by side
| C3.ai | Strategy | |
|---|---|---|
| Latest fiscal year | FY2026, Apr 30, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $250M | $477M |
| Revenue growth | −35.7% | 3.0% |
| Revenue growth a year, last 5 years | 6.4% | −0.1% |
| Gross margin | 30.9% | 68.7% |
| Operating margin | −199.2% | −1,140.8% |
| Net margin | −187.9% | −806.4% |
| Free cash flow | −$192M | −$75M |
| Free cash flow margin | −76.8% | −15.8% |
| Return on capital | — | −11.4% |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 8.8% | 44.2% |
| Last close | $12.79 | $139.82 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $302,300, sold $70.6 million | bought $2.2 million, sold $36.1 million |
| Piotroski F-score | — | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
C3.aiStrategy
Operating margin
Percent of revenue
C3.aiStrategy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
C3.aiStrategy