Shopify Inc. (BVMF:S2HO34)

Shopify Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 20, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	804,886	1,154,244	849,737	486,138	233,426	963,908
Market Cap Growth	5.27%	35.84%	74.79%	108.26%	-75.78%	33.67%
Enterprise Value	769,825	1,121,691	826,519	467,719	214,169	928,146
Last Close Price	5.14	7.57	5.51	3.18	1.54	6.57
PE Ratio	118.71	170.23	68.05	758.99	-	59.36
PS Ratio	12.65	18.13	15.47	14.19	7.89	37.51
PB Ratio	10.85	15.55	11.89	11.05	5.36	15.54
P/TBV Ratio	11.28	16.18	12.40	11.64	7.34	16.26
P/FCF Ratio	72.81	104.41	86.03	110.70	-	356.76
P/OCF Ratio	71.88	103.08	85.02	106.13	-	322.94
EV/Sales Ratio	12.60	17.62	15.05	13.65	7.23	36.12
EV/EBITDA Ratio	75.59	105.57	104.16	292.09	-	372.82
EV/EBIT Ratio	78.40	107.30	107.17	370.74	-	437.79
EV/FCF Ratio	69.64	101.47	83.68	106.51	-	343.52
Debt / Equity Ratio	0.01	0.01	0.10	0.13	0.17	0.11
Debt / EBITDA Ratio	0.10	0.10	0.85	3.04	-	2.43
Debt / FCF Ratio	0.09	0.09	0.71	1.27	-	2.42
Net Debt / Equity Ratio	-0.49	-0.49	-0.44	-0.44	-0.45	-0.59
Net Debt / EBITDA Ratio	-3.44	-3.44	-3.97	-12.13	9.64	-14.81
Net Debt / FCF Ratio	-3.30	-3.30	-3.19	-4.42	19.84	-13.64
Asset Turnover	0.79	0.79	0.70	0.64	0.47	0.44
Inventory Turnover	255.36	255.36	195.91	-	-	-
Quick Ratio	4.58	4.58	3.01	5.94	6.27	11.37
Current Ratio	5.96	5.96	3.71	6.99	7.07	12.15
Return on Equity (ROE)	9.84%	9.84%	19.58%	1.53%	-35.72%	33.25%
Return on Assets (ROA)	8.15%	8.15%	6.18%	1.47%	-2.47%	2.25%
Return on Invested Capital (ROIC)	20.52%	20.67%	18.30%	3.82%	-10.50%	13.00%
Return on Capital Employed (ROCE)	13.80%	13.80%	10.40%	2.50%	-4.80%	3.00%
Earnings Yield	0.84%	0.59%	1.47%	0.13%	-7.84%	1.69%
FCF Yield	1.37%	0.96%	1.16%	0.90%	-0.42%	0.28%
Buyback Yield / Dilution	-0.27%	-0.27%	-0.46%	-2.31%	0.58%	-3.16%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.