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 26, 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	152,033	288,156	198,062	132,592	59,954	219,272
Market Cap Growth	2.68%	45.49%	49.38%	121.15%	-72.66%	24.50%
Enterprise Value	145,761	280,484	191,815	127,480	54,992	210,937
Last Close Price	116.86	221.00	152.99	103.06	47.02	174.17
PE Ratio	115.12	171.29	68.78	777.80	-	60.17
Forward PE	61.78	95.92	75.09	75.87	-	224.55
PEG Ratio	2.37	2.33	1.95	1.49	-	5.18
PS Ratio	12.29	18.17	15.54	14.17	7.89	37.62
PB Ratio	12.16	15.58	11.94	11.04	5.36	15.58
P/TBV Ratio	12.74	22.27	17.97	15.51	9.90	20.85
P/FCF Ratio	71.71	104.61	86.42	110.57	-	357.76
P/OCF Ratio	70.81	103.27	85.41	106.01	-	323.84
EV/Sales Ratio	11.79	17.68	15.05	13.63	7.24	36.19
EV/EBITDA Ratio	67.86	136.32	120.31	-	-	498.26
EV/EBIT Ratio	68.82	139.20	124.34	-	-	621.24
EV/FCF Ratio	68.76	101.82	83.70	106.31	-	344.16
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)	13.32%	9.84%	19.58%	1.53%	-35.72%	33.25%
Return on Assets (ROA)	11.24%	8.23%	7.72%	-9.17%	-6.52%	2.36%
Return on Invested Capital (ROIC)	21.01%	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	0.88%	0.58%	1.45%	0.13%	-	1.66%
FCF Yield	1.39%	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