SHOP’s 5.6% One Day Pop Begs The Question: Is APP Better Instead?
APP offers superior revenue growth across key periods, better profitability, and and relatively lower (though still expensive) valuation.
- APP’s quarterly revenue grew 40.3%, vs. SHOP’s 26.8%.
- In addition, its Last 12 Months growth came in at 41.6%, ahead of SHOP’s 26.5%.
- APP leads on profitability over both periods – LTM margin of 46.5% and 3-year average of 25.6%.
That is one way to look at stocks. Trefis High Quality Portfolio evaluates much more, and is designed to reduce stock-specific risk while giving upside exposure
Valuation & Performance Overview
| SHOP | APP | Preferred | |
|---|---|---|---|
| Valuation | |||
| P/EBIT Ratio | 137.7 | 51.8 | APP |
| Revenue Growth | |||
| Last Quarter | 26.8% | 40.3% | APP |
| Last 12 Months | 26.5% | 41.6% | APP |
| Last 3 Year Average | 25.3% | 42.2% | APP |
| Margins | |||
| Last 12 Months | 12.7% | 46.5% | APP |
| Last 3 Year Average | -0.0% | 25.6% | APP |
| Momentum | |||
| Last 3 Year Return | 305.3% | 1015.2% | SHOP |
Historical Market Performance
Relevant Articles
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | Avg | Best | |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| SHOP Return | 185% | 22% | -75% | 124% | 36% | 13% | 194% | ||
| APP Return | – | – | -89% | 278% | 713% | 10% | 256% | <=== | |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 6% | 94% | ||
| Monthly Win Rates [3] | |||||||||
| SHOP Win Rate | 67% | 67% | 25% | 67% | 50% | 50% | 54% | ||
| APP Win Rate | – | 75% | 8% | 83% | 83% | 50% | 50% | ||
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 50% | 61% | <=== | |
| Max Drawdowns [4] | |||||||||
| SHOP Max Drawdown | -19% | -8% | -81% | 0% | -33% | -28% | -28% | ||
| APP Max Drawdown | – | – | -90% | -8% | -4% | -32% | -22% | ||
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | -12% | <=== | |
[1] Cumulative total returns since the beginning of 2020
[2] 2025 data is for the year till date (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year