In this study, we report the magnetic energy landscape of Sr2RuO4 employing
the generalized Bloch approach within density functional theory. We identify
the two dominant magnetic instabilities, ferromagnetic and spin-density-wave,
together with other predominant instabilities. We show that epitaxial strain
can change the overall magnetic tendency of the system, and tune the relative
weight of the various magnetic instabilities in the system. Especially, the
balance between spin-density wave and ferromagnetic instabilities can be
controlled by the strain, and, eventually can lead to the new magnetic phases
as well as superconducting phases with possibly altered pairing channels. Our
findings are compared with previous theoretical models and experimental reports
for the various magnetic features of the system and offer a first-principles
explanation to them