Shopify Inc. (SHOP)

Shopify Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct 22, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	209,895	137,389	100,187	44,154	173,001	138,858
Market Cap Growth	97.42%	37.13%	126.90%	-74.48%	24.59%	201.30%
Enterprise Value	205,865	133,635	96,391	40,512	166,582	133,639
Last Close Price	162.64	106.33	77.90	34.71	137.74	113.19
PE Ratio	90.81	68.05	758.99	-	59.36	434.60
Forward PE	103.50	75.09	75.87	-	224.55	-
PS Ratio	21.02	15.47	14.19	7.89	37.51	47.40
PB Ratio	17.43	11.89	11.05	5.36	15.54	21.69
P/TBV Ratio	18.23	12.40	11.64	7.34	16.26	23.33
P/FCF Ratio	116.33	86.03	110.70	-	356.76	362.34
P/OCF Ratio	115.32	85.02	106.13	-	322.94	326.76
PEG Ratio	3.43	1.95	1.49	-	5.18	8.66
EV/Sales Ratio	20.56	15.05	13.65	7.23	36.12	45.62
EV/EBITDA Ratio	130.87	104.16	292.09	-	372.82	569.51
EV/EBIT Ratio	133.59	107.17	370.74	-	437.79	769.70
EV/FCF Ratio	113.30	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	1.11%	1.47%	0.13%	-7.84%	1.69%	0.23%
FCF Yield	0.86%	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%

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q