Stocktoria
SHOPIFY INC. SHOP
Nasdaq · XNAS · stock · Services-Prepackaged Software · website · IPO 2015-05-21
Chart by TradingView
5/9
Piotroski F — financial health
12.49
Altman Z″ — distress risk · safe
—
Dividend payout · no dividend
Valuation · market cap as of 2026-06-29
Market cap$151.6B
P / E123.2×
P / S13.1×
P / B11.3×
P / FCF75.6×
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $11.6B | $8.9B | $7.1B | $5.6B | $4.6B |
| Gross profit | $5.6B | $4.5B | $3.5B | $2.8B | $2.5B |
| Operating income | $1.5B | $1.1B | -$1.4B | -$822.0M | $268.6M |
| Net income | $1.2B | $2.0B | $132.0M | -$3.5B | $2.9B |
| Operating cash flow | $2.0B | $1.6B | $944.0M | -$136.0M | $535.7M |
| Free cash flow | $2.0B | $1.6B | $905.0M | -$186.0M | $484.9M |
| Total assets | $15.2B | $13.9B | $11.3B | $10.8B | $13.3B |
| Shareholders' equity | $13.5B | $11.6B | $9.1B | $8.2B | $11.1B |
| Ratios | |||||
| Gross margin | 48.1% | 50.4% | 49.8% | 49.2% | 53.8% |
| Operating margin | 12.7% | 12.1% | -20.1% | -14.7% | 5.8% |
| Net margin | 10.7% | 22.7% | 1.9% | -61.8% | 63.2% |
| FCF margin | 17.4% | 18.0% | 12.8% | -3.3% | 10.5% |
| Return on assets | 8.1% | 14.5% | 1.2% | -32.2% | 21.8% |
| Return on equity | 9.1% | 17.5% | 1.5% | -42.0% | 26.2% |
| Current ratio | 5.96 | 3.71 | 6.99 | 7.07 | 12.15 |
| Revenue growth | 30.1% | 25.8% | 26.1% | 21.4% | 57.4% |
Why these scores methodology →
Piotroski F-score: 5/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: 12.49 (safe)
- Working capital / assets 0.455
- Retained earnings / assets 0.188
- EBIT / assets 0.097
- Equity / liabilities 7.851
Sector peers
GOOG · MSFT · META · BABA · DIS · HCA · all Services →
Source: SEC EDGAR filings · CIK 0001594805 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.