SHOPIFY INC. (SHOP) Factsheet

SHOPIFY INC. (SHOP) Stock Analysis

Analysis from 10-Q filed 2025-11-04. Data as of Q1 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 256.4%. FCF margin 17.1%. D/E 0.0x. Source: 10-Q filed 2025-11-04.

Metric Value Context
ROIC 256.4% Above industry average
FCF Margin 17.1% Strong cash generation
Debt/Equity 0.0x Conservative leverage

ROIC 256.4% — Top 5% of sector peers. FCF margin 17.1% — Top 50%.

Explore SHOPIFY INC.: Earnings History | Filings | ROIC Analysis

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for SHOP: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.


Profitability: SHOPIFY INC. earns 256.4% ROIC, Top 5% in Technology

ROIC TTM 256.4%, sector median 4.8%, Top 5%. DuPont: NOPAT margin 258.5% × asset turnover 0.8x. Gross margin 48.0%. Operating margin 13.3%. Source: 10-Q filed 2025-11-04.

Metric SHOP Rating Context
Return on Invested Capital (ROIC) 256.4% Excellent Above sector median of 4.8%
Return on Equity (ROE) 10.7% Adequate Moderate equity returns
Gross Margin 48.0% Good Strong pricing power
Operating Margin 13.3% Good Moderate operational efficiency

Cash Flow: SHOPIFY INC. generates $2.1B FCF at 17.1% margin, positive NaN/8 quarters

FCF TTM $2.1B. FCF margin 17.1%, Top 50%. OCF/Net income 1.6x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-11-04.

Metric SHOP Rating Context
Free Cash Flow Margin 17.1% Good Excellent cash conversion
Free Cash Flow (TTM) $2.1B Good Positive cash generation
OCF/Net Income 1.6x Excellent High earnings quality
FCF Consistency (8Q) N/A Warning Variable cash flow

Balance Sheet: SHOPIFY INC. at 0.0x leverage

Debt/Equity 0.0x. Source: 10-Q filed 2025-11-04.

Metric SHOP Rating Context
Debt to Equity 0.0x Excellent Conservative capital structure

Valuation: SHOPIFY INC. trades at 109.2x earnings

P/E 109.2x. EV/Sales 11.3x. FCF yield 1.5%. Source: 10-Q filed 2025-11-04.

Metric SHOP Rating Context
P/E Ratio 109.2x Warning Premium valuation
EV/Sales 11.3x Warning Growth premium priced in
FCF Yield 1.5% Warning Lower cash yield

Capital Allocation: SHOPIFY INC. returns 0.0% shareholder yield

Total shareholder yield 0.0%. Capital returned $0 TTM. Source: 10-Q filed 2025-11-04.

Metric SHOP Rating Context
Total Shareholder Yield 0.0% Warning Dividend + buyback yield combined
Total Capital Returned (TTM) $0 Adequate Dividends + buybacks returned to shareholders

Sector Rankings

Metric Value Percentile vs Median
Return on Invested Capital (ROIC) 256.4% Top 5% 53.5x above
Free Cash Flow Margin 17.1% Top 50% 2.0x above
Gross Margin 48.0% Bottom 50% 0.9x below
Operating Margin 13.3% Top 50% 2.9x above
Return on Equity (ROE) 10.7% Top 50% 2.2x above
P/E Ratio 109.2x N/A -

Financial Scorecard

Metric SHOP Rating Sector Context
Return on Invested Capital (ROIC) 256.4% Excellent Top 5% of sector (median: 4.8%)
Free Cash Flow Margin 17.1% Good Top 50% of sector (median: 8.5%)
Gross Margin 48.0% Good Bottom 50% of sector (median: 51.5%)
Debt to Equity Ratio 0.0% Excellent Conservative capital structure
P/E Ratio (Price-to-Earnings) 109.2x Warning High expectations priced in
Free Cash Flow Yield 1.5% Warning Growth-focused valuation

Frequently Asked Questions

Q: What is SHOPIFY INC.'s Return on Invested Capital (ROIC)?

SHOPIFY INC. (SHOP) has a trailing twelve-month Return on Invested Capital (ROIC) of 256.4%. Sector median 4.8%. Source: 10-Q filed 2025-11-04.

Q: What is SHOPIFY INC.'s Free Cash Flow Margin?

SHOPIFY INC. (SHOP) has a free cash flow margin of 17.1%, generating $2.1 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-11-04.

Q: What is SHOPIFY INC.'s P/E ratio and how does it compare to peers?

SHOPIFY INC. (SHOP) trades at a P/E ratio of 109.2x, which is above the sector median of N/A. EV/Sales 11.3x. FCF yield 1.5%. Source: 10-Q filed 2025-11-04.

Q: What is SHOPIFY INC.'s revenue and earnings growth?

SHOPIFY INC. (SHOP) grew revenue by 31.8% year-over-year. EPS -17.5% YoY. Source: 10-Q filed 2025-11-04.

Q: How does SHOPIFY INC. compare to competitors in Technology?

Compared to other companies in Technology, SHOPIFY INC. (SHOP) shows: ROIC 256.4%, sector median 4.8% (Top 5%). FCF margin 17.1%, sector median 8.5% (Top 50%). Gross margin 48.0%, 3.5pp below sector median. These rankings are based on MetricDuck's analysis of all Technology companies with available SEC filings.

Q: What warning signs should I watch for with SHOPIFY INC.?

No quantitative warning flags fired for SHOPIFY INC. (SHOP) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-Q filed 2025-11-04.


Data Source: Data sourced from 10-Q filed 2025-11-04. TTM metrics as of Q1 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.