Shopify Inc. (TSX:SHOP)

Shopify Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Aug 22, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	255,503	197,681	132,310	59,759	218,931	176,932
Market Cap Growth	75.14%	49.41%	121.41%	-72.70%	23.74%	195.99%
Enterprise Value	247,878	192,279	127,297	54,829	210,808	170,283
Last Close Price	196.52	152.99	103.16	47.01	174.17	143.73
PE Ratio	79.89	68.05	758.99	-	59.36	434.60
PS Ratio	18.71	15.47	14.19	7.89	37.51	47.40
PB Ratio	15.45	11.89	11.05	5.36	15.54	21.69
P/TBV Ratio	16.15	12.40	11.64	7.34	16.26	23.33
P/FCF Ratio	-	86.03	110.70	-	356.76	362.34
P/OCF Ratio	-	85.02	106.13	-	322.94	326.76
EV/Sales Ratio	17.89	15.05	13.65	7.23	36.12	45.62
EV/EBITDA Ratio	118.39	104.16	292.09	-	372.82	569.51
EV/EBIT Ratio	124.09	107.17	370.74	-	437.79	769.70
EV/FCF Ratio	100.03	83.68	106.51	-	343.52	348.72
Debt / Equity Ratio	0.09	0.10	0.13	0.17	0.11	0.14
Debt / EBITDA Ratio	0.71	0.85	3.04	-	2.43	3.38
Debt / FCF Ratio	0.63	0.71	1.27	-	2.42	2.38
Asset Turnover	0.77	0.70	0.64	0.47	0.44	0.52
Inventory Turnover	-	195.91	-	-	-	-
Quick Ratio	2.98	3.01	5.94	6.27	11.37	15.00
Current Ratio	3.85	3.71	6.99	7.07	12.15	15.69
Return on Equity (ROE)	22.02%	19.58%	1.53%	-35.72%	33.25%	6.79%
Return on Assets (ROA)	7.43%	6.18%	1.47%	-2.47%	2.25%	1.93%
Return on Capital (ROIC)	8.17%	6.81%	1.64%	-2.71%	2.42%	2.07%
Return on Capital Employed (ROCE)	12.30%	10.40%	2.50%	-	3.00%	2.40%
Earnings Yield	1.25%	1.47%	0.13%	-7.84%	1.69%	0.23%
FCF Yield	0.97%	1.16%	0.90%	-0.42%	0.28%	0.28%
Buyback Yield / Dilution	-0.88%	-0.46%	-2.31%	0.58%	-3.16%	-9.23%

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