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Shopify (TSE:SHOP)
TSX:SHOP
Canadian Market

Shopify (SHOP) Ratios

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Shopify Ratios

TSE:SHOP's free cash flow for Q3 2025 was $0.49. For the 2025 fiscal year, TSE:SHOP's free cash flow was decreased by $ and operating cash flow was $0.11. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
3.93 3.71 6.99 7.07 12.15
Quick Ratio
3.93 3.70 6.99 7.07 12.15
Cash Ratio
1.09 0.77 1.57 1.93 3.56
Solvency Ratio
0.72 0.87 0.09 -1.34 1.35
Operating Cash Flow Ratio
0.87 0.83 1.05 -0.16 0.72
Short-Term Operating Cash Flow Coverage
2.10 1.76 0.00 0.00 0.00
Net Current Asset Value
$ 6.17B$ 4.89B$ 4.04B$ 3.53B$ 6.33B
Leverage Ratios
Debt-to-Assets Ratio
0.07 0.08 0.10 0.13 0.09
Debt-to-Equity Ratio
0.09 0.10 0.13 0.17 0.11
Debt-to-Capital Ratio
0.08 0.09 0.11 0.14 0.10
Long-Term Debt-to-Capital Ratio
0.00 0.00 0.09 0.10 0.08
Financial Leverage Ratio
1.20 1.20 1.25 1.31 1.20
Debt Service Coverage Ratio
1.38 1.17 0.00 -191.80 94.80
Interest Coverage Ratio
0.00 0.00 0.00 -715.04 233.60
Debt to Market Cap
<0.01 <0.01 <0.01 0.02 <0.01
Interest Debt Per Share
0.86 0.87 0.90 1.10 0.94
Net Debt to EBITDA
-0.85 -0.29 32.88 0.66 -3.97
Profitability Margins
Gross Profit Margin
48.75%50.36%49.79%49.18%53.80%
EBIT Margin
14.01%14.04%-1.10%-14.68%68.12%
EBITDA Margin
14.30%14.45%-0.11%-6.84%7.26%
Operating Profit Margin
12.17%12.11%3.68%-14.68%5.83%
Pretax Profit Margin
19.05%25.09%2.62%-64.70%68.10%
Net Profit Margin
16.65%22.74%1.87%-61.79%63.20%
Continuous Operations Profit Margin
16.65%22.74%1.87%-61.79%63.20%
Net Income Per EBT
87.39%90.62%71.35%95.52%92.81%
EBT Per EBIT
156.53%207.26%71.15%440.58%1169.06%
Return on Assets (ROA)
11.85%14.50%1.17%-32.17%21.85%
Return on Equity (ROE)
15.07%17.47%1.46%-42.00%26.18%
Return on Capital Employed (ROCE)
10.16%8.98%2.50%-8.31%2.13%
Return on Invested Capital (ROIC)
8.27%7.55%1.78%-7.92%1.97%
Return on Tangible Assets
12.28%15.01%1.22%-40.56%22.69%
Earnings Yield
1.04%1.47%0.13%-7.88%1.70%
Efficiency Ratios
Receivables Turnover
5.03 5.37 6.11 6.33 6.71
Payables Turnover
5.66 12.24 9.74 7.82 7.50
Inventory Turnover
0.00 169.54 0.00 0.00 2.13B
Fixed Asset Turnover
73.84 63.43 48.03 11.52 15.28
Asset Turnover
0.71 0.64 0.62 0.52 0.35
Working Capital Turnover Ratio
1.72 1.66 1.34 0.86 0.65
Cash Conversion Cycle
8.06 40.37 22.24 11.00 5.74
Days of Sales Outstanding
72.58 68.03 59.71 57.68 54.39
Days of Inventory Outstanding
0.00 2.15 0.00 0.00 <0.01
Days of Payables Outstanding
64.52 29.81 37.48 46.69 48.65
Operating Cycle
72.58 70.18 59.71 57.68 54.39
Cash Flow Ratios
Operating Cash Flow Per Share
1.49 1.25 0.74 -0.11 0.40
Free Cash Flow Per Share
1.47 1.24 0.71 -0.15 0.36
CapEx Per Share
0.02 0.01 0.03 0.04 0.04
Free Cash Flow to Operating Cash Flow
0.99 0.99 0.96 1.37 0.90
Dividend Paid and CapEx Coverage Ratio
95.91 85.05 24.21 -2.73 9.93
Capital Expenditure Coverage Ratio
95.91 85.05 24.21 -2.73 9.93
Operating Cash Flow Coverage Ratio
1.73 1.44 0.82 -0.10 0.43
Operating Cash Flow to Sales Ratio
0.18 0.18 0.13 -0.02 0.11
Free Cash Flow Yield
1.12%1.16%0.91%-0.42%0.26%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
96.50 67.92 755.08 -12.69 58.89
Price-to-Sales (P/S) Ratio
16.09 15.44 14.12 7.84 37.22
Price-to-Book (P/B) Ratio
13.75 11.86 10.99 5.33 15.42
Price-to-Free Cash Flow (P/FCF) Ratio
90.06 85.86 110.13 -235.50 378.39
Price-to-Operating Cash Flow Ratio
89.00 84.85 105.58 -321.83 340.29
Price-to-Earnings Growth (PEG) Ratio
-3.97 0.05 -7.28 0.06 0.08
Price-to-Fair Value
13.75 11.86 10.99 5.33 15.42
Enterprise Value Multiple
111.64 106.59 -12.43K -114.00 508.50
Enterprise Value
169.54B 136.75B 99.41B 43.66B 170.32B
EV to EBITDA
110.81 106.59 -12.43K -114.00 508.50
EV to Sales
15.85 15.40 14.08 7.80 36.93
EV to Free Cash Flow
88.72 85.63 109.84 -234.15 375.46
EV to Operating Cash Flow
87.80 84.62 105.30 -319.98 337.66
Tangible Book Value Per Share
9.21 8.59 6.72 4.75 8.53
Shareholders’ Equity Per Share
9.61 8.96 7.07 6.51 8.93
Tax and Other Ratios
Effective Tax Rate
0.13 0.09 0.29 0.04 0.07
Revenue Per Share
8.23 6.88 5.51 4.42 3.70
Net Income Per Share
1.37 1.57 0.10 -2.73 2.34
Tax Burden
0.87 0.91 0.71 0.96 0.93
Interest Burden
1.36 1.79 -2.37 4.41 1.00
Research & Development to Revenue
0.14 0.15 0.25 0.27 0.19
SG&A to Revenue
0.04 0.05 0.07 0.13 0.08
Stock-Based Compensation to Revenue
0.03 0.05 0.09 0.10 0.07
Income Quality
1.08 0.80 7.15 0.04 0.17
Currency in USD