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	Feb 21, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	149,629	137,389	100,187	44,154	173,001	138,858
Market Cap Growth	37.13%	37.13%	126.90%	-74.48%	24.59%	201.30%
Enterprise Value	145,241	133,635	96,391	40,512	166,582	133,639
Last Close Price	115.56	106.33	77.90	34.71	137.74	113.19
PE Ratio	74.55	68.05	758.99	-	59.36	434.60
Forward PE	77.19	75.09	75.87	-	224.55	-
PS Ratio	16.78	15.47	14.19	7.88	37.51	47.40
PB Ratio	12.94	11.89	11.05	5.36	15.54	21.69
P/TBV Ratio	12.40	12.40	11.64	7.34	16.26	23.32
P/FCF Ratio	93.69	86.03	110.70	-	356.76	362.34
P/OCF Ratio	92.59	85.02	106.13	-	322.94	326.76
PEG Ratio	2.17	1.95	1.49	-	5.18	8.67
EV/Sales Ratio	16.36	15.05	13.65	7.23	36.12	45.62
EV/EBITDA Ratio	113.20	104.16	292.09	-	372.82	569.51
EV/EBIT Ratio	116.47	107.17	370.74	-	437.79	769.70
EV/FCF Ratio	90.95	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	0.85	0.85	3.04	-	2.43	3.38
Debt / FCF Ratio	0.71	0.71	1.27	-	2.42	2.38
Asset Turnover	0.70	0.70	0.64	0.46	0.44	0.52
Inventory Turnover	195.91	195.91	-	-	-	-
Quick Ratio	3.01	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)	19.58%	19.58%	1.53%	-35.72%	33.25%	6.79%
Return on Assets (ROA)	6.18%	6.18%	1.47%	-2.47%	2.25%	1.93%
Return on Capital (ROIC)	6.81%	6.81%	1.64%	-2.71%	2.42%	2.07%
Return on Capital Employed (ROCE)	10.42%	10.42%	2.50%	-	3.01%	2.37%
Earnings Yield	1.35%	1.47%	0.13%	-7.84%	1.68%	0.23%
FCF Yield	1.07%	1.16%	0.90%	-0.42%	0.28%	0.28%
Buyback Yield / Dilution	-0.46%	-0.46%	-2.31%	0.58%	-3.16%	-9.23%
Total Shareholder Return	-0.46%	-0.46%	-2.31%	0.58%	-3.16%	-9.23%

Source: S&P Capital IQ. Standard template. Financial Sources.