Stocktoria

Shopify Inc. SHOP.TO

CA · Toronto Stock Exchange · XTSE · stock · Technology · website

Shopify Inc. statistics & valuation

Market cap$284.3B
P / E231.0×
P / S24.6×
P / B21.1×
P / FCF141.7×
Net margin10.7%
Return on equity9.1%
FCF margin17.4%
Net cash$1.3B
Enterprise value$190.6B
Earnings yield EBIT/EV0.7%
Return on capital13.7%
Graham number -93%$15.39

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($15.39); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-61.80% 1.90% 22.70% 10.70% 2022202320242025
Gross margin (%)
49.20% 49.80% 50.40% 48.10% 2022202320242025
Operating margin (%)
-12.30% 1.00% 14.70% 16.30% 2022202320242025
Return on equity (%)
-42.00% 1.50% 17.50% 9.10% 2022202320242025
Shares outstanding
1.21B 1.21B 1.21B 1.21B 2022202320242025
Net debt ($)
-$253.0M -$255.0M -$363.0M -$1.35B 2022202320242025
Share buybacks ($)
2022202320242025
Return on assets (%)
-32.20% 1.20% 14.50% 8.10% 2022202320242025
Free cash flow margin (%)
-3.30% 12.80% 18.00% 17.40% 2022202320242025
Debt / equity (×)
0.17× 0.13× 0.10× 0.01× 2022202320242025
EPS ($)
-$2.73 $0.10 $1.56 $0.94 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin48.1%50.4%49.8%49.2%
Operating margin16.3%14.7%1.0%-12.3%
Net margin10.7%22.7%1.9%-61.8%
FCF margin17.4%18.0%12.8%-3.3%
Return on assets8.1%14.5%1.2%-32.2%
Return on equity9.1%17.5%1.5%-42.0%
Debt / equity——0.10×0.11×
Current ratio5.963.716.997.07

Computed from company filings · CA · as of 2025-12-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.