Shopify Inc. (TSX:SHOP)

Shopify Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 25, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	224,695	287,329	197,681	132,310	59,759	218,931
Market Cap Growth	1.29%	45.35%	49.41%	121.41%	-72.70%	23.74%
Enterprise Value	215,619	279,225	192,279	127,297	54,829	210,808
Last Close Price	172.15	221.00	152.99	103.16	47.01	174.17
PE Ratio	133.12	170.23	68.05	758.99	-	59.36
PS Ratio	14.18	18.13	15.47	14.19	7.89	37.51
PB Ratio	12.16	15.55	11.89	11.05	5.36	15.54
P/TBV Ratio	12.65	16.18	12.40	11.64	7.34	16.26
P/FCF Ratio	81.65	104.41	86.03	110.70	-	356.76
P/OCF Ratio	80.61	103.08	85.02	106.13	-	322.94
EV/Sales Ratio	13.64	17.62	15.05	13.65	7.23	36.12
EV/EBITDA Ratio	81.79	105.57	104.16	292.09	-	372.82
EV/EBIT Ratio	84.83	107.30	107.17	370.74	-	437.79
EV/FCF Ratio	78.35	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	0.75%	0.59%	1.47%	0.13%	-7.84%	1.69%
FCF Yield	1.22%	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.