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Side-by-side financial comparison of Adient plc (ADNT) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $3.6B, roughly 1.0× Adient plc). SHOPIFY INC. runs the higher net margin — 20.2% vs -0.6%, a 20.8% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 4.3%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $15.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs -1.4%).
Adient plc is an American, Irish-domiciled company that operates as the largest manufacturer of automotive seating for customers worldwide and is based in Plymouth, Michigan, United States.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
ADNT vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $3.7B |
| Net Profit | $-22.0M | $743.0M |
| Gross Margin | 6.0% | 46.1% |
| Operating Margin | 1.1% | 17.2% |
| Net Margin | -0.6% | 20.2% |
| Revenue YoY | 4.3% | 30.6% |
| Net Profit YoY | — | -42.5% |
| EPS (diluted) | $-0.28 | $0.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.6B | $3.7B | ||
| Q3 25 | $3.7B | $2.8B | ||
| Q2 25 | $3.7B | $2.7B | ||
| Q1 25 | $3.6B | $2.4B | ||
| Q4 24 | $3.5B | $2.8B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.7B | $2.0B | ||
| Q1 24 | $3.8B | $1.9B |
| Q4 25 | $-22.0M | $743.0M | ||
| Q3 25 | $18.0M | $264.0M | ||
| Q2 25 | $36.0M | $906.0M | ||
| Q1 25 | $-335.0M | $-682.0M | ||
| Q4 24 | $0 | $1.3B | ||
| Q3 24 | $79.0M | $828.0M | ||
| Q2 24 | $-11.0M | $171.0M | ||
| Q1 24 | $-70.0M | $-273.0M |
| Q4 25 | 6.0% | 46.1% | ||
| Q3 25 | 6.7% | 48.9% | ||
| Q2 25 | 6.3% | 48.6% | ||
| Q1 25 | 7.2% | 49.5% | ||
| Q4 24 | 6.2% | 48.1% | ||
| Q3 24 | 6.9% | 51.7% | ||
| Q2 24 | 5.6% | 51.1% | ||
| Q1 24 | 6.1% | 51.4% |
| Q4 25 | 1.1% | 17.2% | ||
| Q3 25 | 1.7% | 12.1% | ||
| Q2 25 | 1.8% | 10.9% | ||
| Q1 25 | -7.3% | 8.6% | ||
| Q4 24 | 1.3% | 16.5% | ||
| Q3 24 | 1.8% | 13.1% | ||
| Q2 24 | 1.2% | 11.8% | ||
| Q1 24 | -1.1% | 4.6% |
| Q4 25 | -0.6% | 20.2% | ||
| Q3 25 | 0.5% | 9.3% | ||
| Q2 25 | 1.0% | 33.8% | ||
| Q1 25 | -9.3% | -28.9% | ||
| Q4 24 | — | 46.0% | ||
| Q3 24 | 2.2% | 38.3% | ||
| Q2 24 | -0.3% | 8.4% | ||
| Q1 24 | -1.9% | -14.7% |
| Q4 25 | $-0.28 | $0.58 | ||
| Q3 25 | $0.17 | $0.20 | ||
| Q2 25 | $0.43 | $0.69 | ||
| Q1 25 | $-3.99 | $-0.53 | ||
| Q4 24 | $0.00 | $0.99 | ||
| Q3 24 | $0.88 | $0.64 | ||
| Q2 24 | $-0.12 | $0.13 | ||
| Q1 24 | $-0.77 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $5.8B |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $1.7B | $13.5B |
| Total Assets | $8.8B | $15.2B |
| Debt / EquityLower = less leverage | 1.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
| Q4 25 | $1.7B | $13.5B | ||
| Q3 25 | $1.8B | $12.5B | ||
| Q2 25 | $1.8B | $12.1B | ||
| Q1 25 | $1.7B | $11.1B | ||
| Q4 24 | $1.9B | $11.6B | ||
| Q3 24 | $2.1B | $10.1B | ||
| Q2 24 | $1.9B | $9.2B | ||
| Q1 24 | $2.1B | $8.9B |
| Q4 25 | $8.8B | $15.2B | ||
| Q3 25 | $9.0B | $15.0B | ||
| Q2 25 | $8.8B | $14.6B | ||
| Q1 25 | $8.6B | $13.4B | ||
| Q4 24 | $8.5B | $13.9B | ||
| Q3 24 | $9.4B | — | ||
| Q2 24 | $9.1B | — | ||
| Q1 24 | $9.3B | — |
| Q4 25 | 1.37× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.28× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 1.16× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $80.0M | $725.0M |
| Free Cash FlowOCF − Capex | $15.0M | $715.0M |
| FCF MarginFCF / Revenue | 0.4% | 19.5% |
| Capex IntensityCapex / Revenue | 1.8% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $174.0M | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $725.0M | ||
| Q3 25 | $213.0M | $513.0M | ||
| Q2 25 | $172.0M | $428.0M | ||
| Q1 25 | $-45.0M | $367.0M | ||
| Q4 24 | $109.0M | $615.0M | ||
| Q3 24 | $263.0M | $423.0M | ||
| Q2 24 | $158.0M | $340.0M | ||
| Q1 24 | $81.0M | $238.0M |
| Q4 25 | $15.0M | $715.0M | ||
| Q3 25 | $134.0M | $507.0M | ||
| Q2 25 | $115.0M | $422.0M | ||
| Q1 25 | $-90.0M | $363.0M | ||
| Q4 24 | $45.0M | $611.0M | ||
| Q3 24 | $191.0M | $421.0M | ||
| Q2 24 | $88.0M | $333.0M | ||
| Q1 24 | $12.0M | $232.0M |
| Q4 25 | 0.4% | 19.5% | ||
| Q3 25 | 3.6% | 17.8% | ||
| Q2 25 | 3.1% | 15.7% | ||
| Q1 25 | -2.5% | 15.4% | ||
| Q4 24 | 1.3% | 21.7% | ||
| Q3 24 | 5.4% | 19.5% | ||
| Q2 24 | 2.4% | 16.3% | ||
| Q1 24 | 0.3% | 12.5% |
| Q4 25 | 1.8% | 0.3% | ||
| Q3 25 | 2.1% | 0.2% | ||
| Q2 25 | 1.5% | 0.2% | ||
| Q1 25 | 1.2% | 0.2% | ||
| Q4 24 | 1.8% | 0.1% | ||
| Q3 24 | 2.0% | 0.1% | ||
| Q2 24 | 1.9% | 0.3% | ||
| Q1 24 | 1.8% | 0.3% |
| Q4 25 | — | 0.98× | ||
| Q3 25 | 11.83× | 1.94× | ||
| Q2 25 | 4.78× | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | 3.33× | 0.51× | ||
| Q2 24 | — | 1.99× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADNT
Segment breakdown not available.
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
