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	Jul '26 Jul 20, 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	161,947	209,889	137,653	100,224	44,260	173,409
Market Cap Growth	4.02%	52.48%	37.34%	126.45%	-74.48%	25.03%
Enterprise Value	155,675	204,299	133,300	96,366	40,603	166,815
Last Close Price	124.48	160.97	106.33	77.90	34.71	137.74
PE Ratio	122.63	171.25	68.60	779.00	-	60.15
Forward PE	65.37	95.92	75.09	75.87	167.13	224.55
PEG Ratio	2.18	2.33	1.95	1.49	8.05	5.18
PS Ratio	13.10	18.16	15.50	14.20	7.90	37.60
PB Ratio	12.95	15.58	11.91	11.05	5.37	15.58
P/TBV Ratio	13.54	16.22	12.49	11.72	7.31	16.49
P/FCF Ratio	76.39	104.58	86.19	110.75	-	357.60
P/OCF Ratio	75.43	103.24	85.18	106.17	-	323.70
EV/Sales Ratio	12.59	17.68	15.01	13.65	7.25	36.17
EV/EBITDA Ratio	72.47	136.29	119.98	-	-	498.03
EV/EBIT Ratio	73.50	139.17	124.00	-	-	620.95
EV/FCF Ratio	73.43	101.79	83.47	106.48	-	344.00
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)	10.26%	9.84%	19.58%	1.53%	-35.72%	33.25%
Return on Assets (ROA)	9.10%	8.23%	7.72%	-9.17%	-6.52%	2.36%
Return on Invested Capital (ROIC)	18.00%	15.87%	15.70%	-20.67%	-17.21%	9.13%
Return on Capital Employed (ROCE)	12.41%	11.40%	9.61%	-13.97%	-7.29%	2.69%
Earnings Yield	0.82%	0.58%	1.46%	0.13%	-	1.66%
FCF Yield	1.31%	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