Shopify Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 5, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	142,510	288,156	198,062	132,592	59,954	219,272
Market Cap Growth	7.35%	45.49%	49.38%	121.15%	-72.66%	24.50%
Enterprise Value	136,238	280,461	191,789	127,457	54,968	210,917
Last Close Price	109.54	221.00	152.99	103.06	47.02	174.17
PE Ratio	107.91	171.29	68.78	777.80	-	60.17
Forward PE	57.91	95.92	75.09	75.87	-	224.55
PEG Ratio	2.25	2.33	1.95	1.49	-	5.18
PS Ratio	11.52	18.17	15.54	14.17	7.89	37.62
PB Ratio	11.40	15.58	11.94	11.04	5.36	15.58
P/TBV Ratio	11.45	21.41	17.23	14.73	7.23	19.93
P/FCF Ratio	67.22	104.61	86.42	110.57	-	357.76
P/OCF Ratio	66.38	103.27	85.41	106.01	-	323.84
EV/Sales Ratio	11.02	17.68	15.05	13.63	7.23	36.18
EV/EBITDA Ratio	63.43	136.31	120.29	-	-	498.21
EV/EBIT Ratio	64.32	139.19	124.32	-	-	621.18
EV/FCF Ratio	64.26	101.81	83.68	106.29	-	344.13
Debt / Equity Ratio	0.01	0.01	0.10	0.12	0.17	0.10
Debt / EBITDA Ratio	0.11	0.13	1.01	-	-	3.50
Debt / FCF Ratio	0.08	0.09	0.71	1.27	-	2.42
Net Debt / Equity Ratio	-0.44	-0.41	-0.38	-0.43	-0.44	-0.59
Net Debt / EBITDA Ratio	-3.32	-3.73	-3.92	2.86	5.02	-19.69
Net Debt / FCF Ratio	-2.62	-2.78	-2.73	-4.26	19.66	-13.60
Asset Turnover	0.84	0.79	0.70	0.64	0.46	0.44
Quick Ratio	6.05	5.79	3.60	6.80	6.90	12.00
Current Ratio	6.20	5.96	3.71	6.99	7.07	12.15
Return on Equity (ROE)	4.54%	9.84%	19.58%	1.53%	-35.72%	33.25%
Return on Assets (ROA)	8.79%	8.23%	7.72%	-9.17%	-6.52%	2.36%
Return on Invested Capital (ROIC)	16.43%	14.76%	14.32%	-18.61%	-15.28%	8.06%
Return on Capital Employed (ROCE)	12.41%	11.40%	9.61%	-13.97%	-7.29%	2.69%
Earnings Yield	0.93%	0.58%	1.45%	0.13%	-	1.66%
FCF Yield	1.49%	0.96%	1.16%	0.90%	-	0.28%
Buyback Yield / Dilution	-0.26%	-0.26%	-0.46%	-2.31%	0.58%	-3.16%
Total Shareholder Return	-0.26%	-0.26%	-0.46%	-2.31%	0.58%	-3.16%

SEC Filings: 10-K · 10-Q