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Investment Highlights Market Valuation Price Chart Return vs. Risk About SHOP Interactive Breakdown Better Bets vs. SHOP Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Shopify (SHOP)

Market Price (10/26/2025): $173.5 | Market Cap: $225.2 Bil
Sector: Information Technology | Industry: Application Software

Shopify (SHOP)

Market Price (10/26/2025): $173.5
Market Cap: $225.2 Bil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 29%		 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%		 Expensive valuation multiples
P/SPrice/Sales ratio is 22x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 147x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 122x, P/EPrice/Earnings or Price/(Net Income) is 96x
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%		  Stock price has recently run up significantly
12M Rtn12 month market price return is 119%
2   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 29%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%
2 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
3 Expensive valuation multiples
P/SPrice/Sales ratio is 22x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 147x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 122x, P/EPrice/Earnings or Price/(Net Income) is 96x
4 Stock price has recently run up significantly
12M Rtn12 month market price return is 119%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5%

Market Valuation & Key Metrics

SHOPS&P 500
REVENUE GROWTHVERY GOOD
Rev LTM ($ Bil)10.0
Rev Chg Q31.1%6.4%
Rev Chg LTM29.0%5.3%
Rev Chg 3Y Avg26.0%5.4%
PROFITABILITYFAIR
Op Inc LTM ($ Bil)1.5
CFO LTM ($ Bil)1.8
Net Inc LTM ($ Bil)2.3
Op Mgn LTM15.3%18.7%
CFO/Rev LTM18.3%20.5%
Net Inc Mgn23.4%12.7%
VALUATIONVERY HIGH
P/S22.53.3
P/CFO122.816.1
P/FCF123.920.9
P/E96.024.0
STABILITYVERY GOOD
Debt/Equity0.010.21
Cash/Assets0.400.07

SHOP Stock

   
   
   
   
   
   
   

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
SHOP Return185%22%-75%124%36%63%335%
Peers Return93%19%-46%32%5%32%129%
S&P 500 Return16%27%-19%24%23%15%110%

Monthly Win Rates [3]
SHOP Win Rate67%67%25%67%50%67% 
Peers Win Rate58%50%32%60%48%58% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
SHOP Max Drawdown-19%-8%-81%0%-33%-28% 
Peers Max Drawdown-19%-13%-56%-15%-25%-17% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AMZN, SNOW, WDAY, EBAY, ETSY. See SHOP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/24/2025 (YTD)

How Low Can It Go

Unique KeyEventSHOPS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-84.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven558.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven1109 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-40.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven68.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven32 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-31.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven45.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven46 days120 days

Compare to AMZN, SNOW, WDAY, EBAY, ETSY


In The Past

Shopify's stock fell -84.8% during the 2022 Inflation Shock from a high on 11/19/2021. A -84.8% loss requires a 558.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Shopify (SHOP)

Better Bets than Shopify (SHOP)

 SHOPBetter Performance than SHOP
MetricValueIndustry (Application Software)
Rev Chg LTM29.0%PLTR (38.8%), MNDY (30.2%), LIF (30.0%), SOUN (137.0%), CWAN (36.7%)
Rev Chg 3Y Avg26.0%SNOW (36.3%), DDOG (30.4%), GRAB (71.1%), PCOR (26.7%), MNDY (39.2%)
Op Mgn LTM15.3%ORCL (31.6%), PLTR (16.6%), SAP (26.4%), CRM (21.2%), INTU (26.2%)
CFO/Rev LTM18.3%ORCL (36.5%), PLTR (50.3%), SAP (20.0%), CRM (33.3%), INTU (33.0%)
FCF/Rev LTM18.1%PLTR (49.7%), CRM (31.6%), INTU (32.3%), ADBE (41.4%), CDNS (31.1%)
Total Yield1.0%ORCL (2.2%), SAP (2.3%), CRM (3.2%), INTU (2.6%), ADBE (4.7%)
 SHOPBetter Performance than SHOP
MetricValueAll Other Sectors
Rev Chg LTM29.0%LLY (36.8%), APP (48.2%), HOOD (59.6%), BX (34.9%), WELL (31.1%)
Rev Chg 3Y Avg26.0%HOOD (30.0%), DASH (28.4%), MELI (39.8%), KKR (27.5%), RCL (65.4%)
Op Mgn LTM15.3%GOOGL (32.7%), META (42.9%), LLY (43.0%), V (66.5%), MA (58.0%)
CFO/Rev LTM18.3%GOOGL (36.0%), META (56.4%), LLY (20.5%), V (60.4%), MA (53.3%)
FCF/Rev LTM18.1%META (30.7%), V (56.8%), MA (49.2%), NFLX (20.7%), JNJ (20.3%)
Total Yield1.0%GOOGL (4.0%), AMZN (3.0%), META (3.8%), WMT (3.4%), JPM (6.7%)
 Best Bets In Information Technology Sector
 SHOPVRSN NVDA RMBS QLYS ADBE YOU GEN IDCC DBX KLAC
What You Pay           
P/E95.728.452.449.525.121.516.628.121.216.538.5
P/EBIT146.620.545.043.923.517.219.610.316.914.031.6
What You Get           
Rev Chg Q31.1%7.3%55.6%30.3%10.3%10.7%17.5%30.3%34.5%-1.4%23.6%
Rev Chg LTM29.0%5.5%71.6%35.2%9.6%10.7%19.8%10.6%21.8%-0.0%23.9%
Rev Chg 3Y Avg26.0%5.2%92.0%18.7%12.5%10.5%35.5%14.8%23.3%4.1%10.4%
FCF/Rev 3Y Avg12.2%57.4%41.3%40.9%39.0%37.7%37.3%35.9%35.1%32.9%31.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Shopify Stock Soars 21% In A Single Month, Wait For A Dip To Buy The StockBuy or Fear 
2Dave vs Shopify: Which Is the Stronger Buy Today?Counter-Intuitive Comparisons 
3Shopify Stock Rallied 21% - Have You Assessed the RiskReturn 
4SHOP Soars 6.2% In A Single Day: How Does It Compare With Others?  
5SHOP Dip Buy Analysis  
6Shopify Total Shareholder Return (TSR): 36.5% in 2024 and -8.3% 3-yr compounded annual returns (below peer average)  
7Shopify (SHOP) Operating Cash Flow ComparisonFinancials 
8Shopify (SHOP) Net Income ComparisonFinancials 
9Shopify (SHOP) Operating Income ComparisonFinancials 
10Shopify (SHOP) Revenue ComparisonFinancials 
11ARTICLES  
12Shopify Stock To $121? October 25th, 2025
13SHOP Shares Rally 6.5% In A Day, Wait For A Dip To Buy The Stock October 4th, 2025
14SHOP Soars 6.2% In A Single Day: How Does It Compare With Others? September 30th, 2025
15After SHOP’s 6.2% Climb in a Day, DAVE Looks Like the Stronger Long-Term Play September 30th, 2025
16Shopify Stock Is Up 85%, But Can It Really Keep Climbing? September 24th, 2025
Title
0DASHBOARDS
1Shopify Stock To $121?
2SHOP Shares Rally 6.5% In A Day, Wait For A Dip To Buy The Stock
3SHOP Soars 6.2% In A Single Day: How Does It Compare With Others?
4After SHOP’s 6.2% Climb in a Day, DAVE Looks Like the Stronger Long-Term Play
5Shopify Stock Is Up 85%, But Can It Really Keep Climbing?
6ARTICLES
7Shopify Stock Soars 21% In A Single Month, Wait For A Dip To Buy The Stock
8Dave vs Shopify: Which Is the Stronger Buy Today?
9Shopify Stock Rallied 21% - Have You Assessed the Risk
10SHOP Soars 6.2% In A Single Day: How Does It Compare With Others?
11SHOP Dip Buy Analysis
12Shopify Total Shareholder Return (TSR): 36.5% in 2024 and -8.3% 3-yr compounded annual returns (below peer average)
13Shopify (SHOP) Operating Cash Flow Comparison
14Shopify (SHOP) Net Income Comparison
15Shopify (SHOP) Operating Income Comparison
16Shopify (SHOP) Revenue Comparison

Trade Ideas

Select past ideas related to SHOP. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		0.2%0.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		7.5%7.5%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		16.8%16.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		7.5%7.5%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-3.9%-3.9%-3.9%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		0.2%0.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		7.5%7.5%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		16.8%16.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		7.5%7.5%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-3.9%-3.9%-3.9%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor57.5%87.2%
2INBXInhibrx Biosciences53.8%272.0%
3CLBCore Laboratories48.7%-2.4%
4BALYBallys46.2%6.8%
5MOFGMidWestOne Financial43.2%39.2%
6NUVBNuvation Bio42.2%82.3%
7CLOVClover Health Investments41.0%21.3%
8CELCCelcuity36.6%442.2%
9WGOWinnebago Industries33.6%-12.7%
10GTXGarrett Motion33.3%91.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-45.4%8328.6%
2ITGRInteger-30.4%-45.0%
3METCRamaco Resources-23.8%244.9%
4WRLDWorld Acceptance-18.6%25.6%
5ASMAvino Silver & Gold Mines-18.2%450.5%
6SESSES AI-17.6%15.5%
7SMPLSimply Good Foods-17.5%-48.0%
8TNGXTango Therapeutics-17.0%142.6%
9OKLOOklo-16.7%540.8%
10LENZLENZ Therapeutics-16.4%10.7%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1498.4%344.0%
2PRAXPraxis Precision Medicines253.2%126.1%
3NVTSNavitas Semiconductor116.1%294.1%
4SNDKSanDisk97.4% 
5UAMYUnited States Antimony90.3%578.5%
6GRALGRAIL85.2%400.8%
7BALYBallys82.9%6.8%
8ORKAOruka Therapeutics81.1%40.5%
9INBXInhibrx Biosciences79.9%272.0%
10CIFRCipher Mining77.2%345.3%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1VGVenture Global-35.7% 
2PMIPicard Medical-35.3%8328.6%
3SOCSable Offshore-33.7%-41.7%
4FWRDForward Air-28.9%-39.0%
5FLYFirefly Aerospace-28.5% 
6ITGRInteger-28.4%-45.0%
7USNAUsana Health Sciences-26.5%-42.0%
8HTZHertz Global-26.3%41.5%
9RCReady Capital-25.1%-50.3%
10ULHUniversal Logistics-24.8%-61.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor57.5%87.2%
2INBXInhibrx Biosciences53.8%272.0%
3CLBCore Laboratories48.7%-2.4%
4BALYBallys46.2%6.8%
5MOFGMidWestOne Financial43.2%39.2%
6NUVBNuvation Bio42.2%82.3%
7CLOVClover Health Investments41.0%21.3%
8CELCCelcuity36.6%442.2%
9WGOWinnebago Industries33.6%-12.7%
10GTXGarrett Motion33.3%91.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-45.4%8328.6%
2ITGRInteger-30.4%-45.0%
3METCRamaco Resources-23.8%244.9%
4WRLDWorld Acceptance-18.6%25.6%
5ASMAvino Silver & Gold Mines-18.2%450.5%
6SESSES AI-17.6%15.5%
7SMPLSimply Good Foods-17.5%-48.0%
8TNGXTango Therapeutics-17.0%142.6%
9OKLOOklo-16.7%540.8%
10LENZLENZ Therapeutics-16.4%10.7%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Shopify

Financials

SHOPAMZNSNOWWDAYEBAYETSYMedian
NameShopify Amazon.c.SnowflakeWorkday eBay Etsy  
Mkt Price172.95224.21257.94242.7597.2073.90198.58
Mkt Cap224.42,384.986.564.845.47.675.6
Rev LTM10,014670,0384,1168,95910,3122,8389,486
Op Inc LTM1,53176,190-1,5407782,3033981,154
FCF LTM1,81713,4817342,3922,1286351,972
FCF 3Y Avg1,07621,6777152,0231,9486601,512
CFO LTM1,833121,1378382,5912,5866902,210
CFO 3Y Avg1,10696,9778032,2622,4237051,684

Growth & Margins

SHOPAMZNSNOWWDAYEBAYETSYMedian
NameShopify Amazon.c.SnowflakeWorkday eBay Etsy  
Rev Chg LTM29.0%10.9%28.4%13.9%1.5%2.4%12.4%
Rev Chg 3Y Avg26.0%11.3%36.3%16.5%0.2%5.6%13.9%
Rev Chg Q31.1%13.3%31.8%12.6%1.1%3.8%13.0%
QoQ Delta Rev Chg LTM6.8%3.0%7.2%3.0%0.3%0.9%3.0%
Op Mgn LTM15.3%11.4%-37.4%8.7%22.3%14.0%12.7%
Op Mgn 3Y Avg4.4%7.9%-39.1%4.1%21.6%13.4%6.1%
QoQ Delta Op Mgn LTM-0.1%0.3%3.1%1.3%-0.2%0.1%0.2%
CFO/Rev LTM18.3%18.1%20.4%28.9%25.1%24.3%22.3%
CFO/Rev 3Y Avg12.7%15.8%25.3%28.7%24.0%25.5%24.7%
FCF/Rev LTM18.1%2.0%17.8%26.7%20.6%22.4%19.4%
FCF/Rev 3Y Avg12.2%3.5%22.5%25.6%19.3%23.9%20.9%

Valuation

SHOPAMZNSNOWWDAYEBAYETSYMedian
NameShopify Amazon.c.SnowflakeWorkday eBay Etsy  
Mkt Cap224.42,384.986.564.845.47.675.6
P/S22.43.621.07.24.42.75.8
P/EBIT146.628.0-63.174.517.318.123.1
P/E95.733.8-62.7111.122.346.540.1
P/CFO122.419.7103.225.017.611.122.3
Total Yield1.0%3.0%-1.6%0.9%5.7%2.2%1.6%
Dividend Yield0.0%0.0%0.0%0.0%1.2%0.0%0.0%
FCF Yield 3Y Avg1.0%1.1%1.3%3.3%6.9%9.5%2.3%
D/E0.00.10.00.10.20.40.1
Net D/E-0.00.0-0.0-0.10.10.20.0

Returns

SHOPAMZNSNOWWDAYEBAYETSYMedian
NameShopify Amazon.c.SnowflakeWorkday eBay Etsy  
1M Rtn20.6%2.8%16.4%0.0%4.4%16.2%10.3%
3M Rtn39.0%-3.1%17.5%0.4%19.7%18.3%17.9%
6M Rtn78.1%18.6%62.8%1.3%44.3%61.1%52.7%
12M Rtn118.8%19.4%122.3%2.1%56.5%51.9%54.2%
3Y Rtn495.1%93.9%52.2%56.9%160.6%-27.1%75.4%
1M Excs Rtn17.7%-0.1%13.6%-2.8%1.6%13.4%7.5%
3M Excs Rtn30.1%-10.0%11.7%-4.3%17.1%11.5%11.6%
6M Excs Rtn55.2%-4.3%39.9%-21.6%21.4%38.2%29.8%
12M Excs Rtn95.8%2.1%107.3%-17.7%39.9%33.7%36.8%
3Y Excs Rtn426.3%11.0%-33.0%-18.1%88.9%-105.5%-3.5%

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/6/20255/8/20252/11/202511/12/20248/7/20245/8/20242/13/202411/2/20238/3/20235/4/20232/16/202310/27/2022
Key Financials Quarterly            
Total Revenue2,6802,3602,8122,1622,0451,8612,1441,7141,6941,5081,7351,366
Ebitda379286549349293147344169-248-121-124-278
Operating Income371278541341283137334156-265-151-154-307
Net Income906-6821,293828171-273657718-1,31168-623-159
EPS0.70-0.531.000.640.13-0.210.510.56-1.020.05-0.49-0.12
Key Financials TTM            
Total Revenue TTM10,0149,3798,8808,2127,7647,4137,0606,6516,3035,9045,6005,245
Ebitda TTM1,5631,4771,3381,133953412144-324-771-655-595-937
Operating Income TTM1,5311,4431,3021,09591036274-414-877-760-687-491
Net Income TTM2,3451,6102,0191,3831,273-209132-1,148-2,025-1,918-3,460-3,208
Growth Rates Quarterly            
Total Revenue Growth31.1%26.8%31.2%26.1%20.7%23.4%23.6%25.5%30.8%25.2%25.7%21.6%
EBITDA Growth29.4%94.6%59.6%106.5%218.1%221.5%377.4%160.8%-87.9%-98.4%73.4%-120.5%
Operating Income Growth31.1%102.9%62.0%118.6%206.8%190.7%316.9%150.8%-79.1%-93.6%-464.8%-1547.4%
Net Income Growth429.8%-149.8%96.8%15.3%113.0%-501.5%205.5%551.6%-8.9%104.6%-67.8%-113.8%
Margins Quarterly            
EBITDA Margin14.1%12.1%19.5%16.1%14.3%7.9%16.0%9.9%-14.6%-8.0%-7.1%-20.4%
Operating Income Margin13.8%11.8%19.2%15.8%13.8%7.4%15.6%9.1%-15.6%-10.0%-8.9%-22.5%
Net Income Margin33.8%-28.9%46.0%38.3%8.4%-14.7%30.6%41.9%-77.4%4.5%-35.9%-11.6%
Cash & Debt            
Total Cash5,8205,5145,4794,8955,0215,1775,0084,9184,7804,8635,0534,941
Total Debt1,1391,1381,1261,1411,1371,1451,1501,1221,1341,3991,3961,299
Net Debt / (Cash)-4,681-4,376-4,353-3,754-3,884-4,032-3,858-3,796-3,646-3,464-3,657-3,643
Cash Flows Quarterly            
FCF from Operations42836761542334023844827811810098-134
Cash Flows TTM            
FCF from Operations TTM1,8331,7451,6161,4491,3041,082944594182-11-13658
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC22.3%17.2%35.3%21.8%16.5%9.9%23.0%11.1%-19.0%-9.9%-12.1%-24.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM24.8%23.7%21.2%16.9%14.8%6.6%0.9%-7.5%-15.7%-14.0%-12.9%-9.1%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single Segment7,0605,6004,6122,9291,578
Total7,0605,6004,6122,9291,578


Price Behavior

SHOP Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta3.373.343.152.022.122.15
Up Beta3.124.684.022.011.972.18
Down Beta4.481.661.021.842.092.27
Up Capture282%386%411%343%611%3266%
Bmk +ve Days13233574144420
Stock +ve Days10193063126387
Down Capture388%280%293%175%147%110%
Bmk -ve Days8192952107330
Stock -ve Days11233362124360

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity20,986,479
Short Interest: % Change Since 9302025-2.4%
Average Daily Volume8,767,958
Days-to-Cover Short Interest2.39
Basic Shares Quantity1,297,746,050
Short % of Basic Shares1.6%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/202522.0%17.6%14.3%
5/8/2025-0.5%17.9%17.9%
2/11/20253.1%7.8%-19.5%
SUMMARY STATS   
# Positive232
# Negative101
Median Positive12.5%17.6%16.1%
Median Negative-0.5% -19.5%
Max Positive22.0%17.9%17.9%
Max Negative-0.5% -19.5%

SEC Filings

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Report DateFiling DateFiling
6302025806202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024211202510-K 12/31/2024
9302024111220246-K 9/30/2024
630202480720246-K 6/30/2024
331202450820246-K 3/31/2024
12312023213202440-F 12/31/2023
9302023110220236-K 9/30/2023
630202380320236-K 6/30/2023
331202350420236-K 3/31/2023
12312022216202340-F 12/31/2022
9302022102720226-K 9/30/2022
630202272720226-K 6/30/2022
331202250520226-K 3/31/2022
12312021216202240-F 12/31/2021
9302021102820216-K 9/30/2021

Insider Activity

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External Quote Links


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