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	May 14, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	142,712	137,389	100,187	44,154	173,001	138,858
Market Cap Growth	24.41%	37.13%	126.90%	-74.48%	24.59%	201.30%
Enterprise Value	134,432	133,635	96,391	40,512	166,582	133,639
Last Close Price	107.68	106.33	77.90	34.71	137.74	113.19
PE Ratio	89.64	68.05	758.99	-	59.36	434.60
Forward PE	75.68	75.09	75.87	-	224.55	-
PS Ratio	14.83	15.47	14.19	7.89	37.51	47.40
PB Ratio	12.64	11.89	11.05	5.36	15.54	21.69
P/TBV Ratio	13.28	12.40	11.64	7.34	16.26	23.33
P/FCF Ratio	80.85	86.03	110.70	-	356.76	362.34
P/OCF Ratio	80.06	85.02	106.13	-	322.94	326.76
PEG Ratio	2.31	1.95	1.49	-	5.18	8.66
EV/Sales Ratio	14.33	15.05	13.65	7.23	36.12	45.62
EV/EBITDA Ratio	94.54	104.16	292.09	-	372.82	569.51
EV/EBIT Ratio	96.85	107.17	370.74	-	437.79	769.70
EV/FCF Ratio	77.80	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	0.78	0.85	3.04	-	2.43	3.38
Debt / FCF Ratio	0.66	0.71	1.27	-	2.42	2.38
Asset Turnover	0.77	0.70	0.64	0.47	0.44	0.52
Inventory Turnover	-	195.91	-	-	-	-
Quick Ratio	2.89	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)	16.14%	19.58%	1.53%	-35.72%	33.25%	6.79%
Return on Assets (ROA)	7.08%	6.18%	1.47%	-2.47%	2.25%	1.93%
Return on Capital (ROIC)	7.81%	6.81%	1.64%	-2.71%	2.42%	2.07%
Return on Capital Employed (ROCE)	12.20%	10.40%	2.50%	-	3.00%	2.40%
Earnings Yield	1.15%	1.47%	0.13%	-7.84%	1.69%	0.23%
FCF Yield	1.24%	1.16%	0.90%	-0.42%	0.28%	0.28%
Buyback Yield / Dilution	-1.50%	-0.46%	-2.31%	0.58%	-3.16%	-9.23%

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q