Shopify Inc. (TSX:SHOP)

Accolade 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 1, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	212,329	197,681	132,310	59,759	218,931	176,932
Market Cap Growth	32.05%	49.41%	121.41%	-72.70%	23.74%	195.99%
Enterprise Value	205,057	192,279	127,297	54,829	210,808	170,283
Last Close Price	163.63	152.99	103.16	47.01	174.17	143.73
PE Ratio	91.75	68.05	758.99	-	59.36	434.60
PS Ratio	15.75	15.47	14.19	7.89	37.51	47.40
PB Ratio	13.37	11.89	11.05	5.36	15.54	21.69
P/TBV Ratio	14.04	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	15.84	15.05	13.65	7.23	36.12	45.62
EV/EBITDA Ratio	110.54	104.16	292.09	-	372.82	569.51
EV/EBIT Ratio	116.92	107.17	370.74	-	437.79	769.70
EV/FCF Ratio	82.56	83.68	106.51	-	343.52	348.72
Debt / Equity Ratio	0.10	0.10	0.13	0.17	0.11	0.14
Debt / EBITDA Ratio	0.78	0.85	3.04	-	2.43	3.38
Debt / FCF Ratio	0.66	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	2.89	3.01	5.94	6.27	11.37	15.00
Current Ratio	3.71	3.71	6.99	7.07	12.15	15.69
Return on Equity (ROE)	16.14%	19.58%	1.53%	-35.72%	33.25%	6.79%
Return on Assets (ROA)	7.08%	6.18%	1.47%	-2.47%	2.25%	1.93%
Return on Capital (ROIC)	7.81%	6.81%	1.64%	-2.71%	2.42%	2.07%
Return on Capital Employed (ROCE)	12.20%	10.40%	2.50%	-	3.00%	2.40%
Earnings Yield	1.09%	1.47%	0.13%	-7.84%	1.69%	0.23%
FCF Yield	1.17%	1.16%	0.90%	-0.42%	0.28%	0.28%
Buyback Yield / Dilution	-1.50%	-0.46%	-2.31%	0.58%	-3.16%	-9.23%

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