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Side-by-side financial comparison of Ameren (AEE) 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 $2.2B, roughly 1.7× Ameren). SHOPIFY INC. runs the higher net margin — 20.2% vs 16.5%, a 3.8% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 3.8%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 13.4%).
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nucle...
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.
AEE vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $3.7B |
| Net Profit | $358.0M | $743.0M |
| Gross Margin | — | 46.1% |
| Operating Margin | 24.4% | 17.2% |
| Net Margin | 16.5% | 20.2% |
| Revenue YoY | 3.8% | 30.6% |
| Net Profit YoY | 23.4% | -42.5% |
| EPS (diluted) | $1.28 | $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.
| Q1 26 | $2.2B | — | ||
| Q4 25 | $1.8B | $3.7B | ||
| Q3 25 | $2.7B | $2.8B | ||
| Q2 25 | $2.2B | $2.7B | ||
| Q1 25 | $2.1B | $2.4B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $2.2B | $2.2B | ||
| Q2 24 | $1.7B | $2.0B |
| Q1 26 | $358.0M | — | ||
| Q4 25 | $253.0M | $743.0M | ||
| Q3 25 | $641.0M | $264.0M | ||
| Q2 25 | $277.0M | $906.0M | ||
| Q1 25 | $290.0M | $-682.0M | ||
| Q4 24 | $208.0M | $1.3B | ||
| Q3 24 | $457.0M | $828.0M | ||
| Q2 24 | $260.0M | $171.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% |
| Q1 26 | 24.4% | — | ||
| Q4 25 | 20.2% | 17.2% | ||
| Q3 25 | 30.6% | 12.1% | ||
| Q2 25 | 18.5% | 10.9% | ||
| Q1 25 | 20.5% | 8.6% | ||
| Q4 24 | 10.2% | 16.5% | ||
| Q3 24 | 27.0% | 13.1% | ||
| Q2 24 | 21.3% | 11.8% |
| Q1 26 | 16.5% | — | ||
| Q4 25 | 14.2% | 20.2% | ||
| Q3 25 | 23.7% | 9.3% | ||
| Q2 25 | 12.5% | 33.8% | ||
| Q1 25 | 13.8% | -28.9% | ||
| Q4 24 | 10.7% | 46.0% | ||
| Q3 24 | 21.0% | 38.3% | ||
| Q2 24 | 15.4% | 8.4% |
| Q1 26 | $1.28 | — | ||
| Q4 25 | $0.92 | $0.58 | ||
| Q3 25 | $2.35 | $0.20 | ||
| Q2 25 | $1.01 | $0.69 | ||
| Q1 25 | $1.07 | $-0.53 | ||
| Q4 24 | $0.77 | $0.99 | ||
| Q3 24 | $1.70 | $0.64 | ||
| Q2 24 | $0.97 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.0M | $5.8B |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $13.6B | $13.5B |
| Total Assets | $49.8B | $15.2B |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $13.0M | — | ||
| Q4 25 | $13.0M | $5.8B | ||
| Q3 25 | $9.0M | $6.3B | ||
| Q2 25 | $11.0M | $5.8B | ||
| Q1 25 | $23.0M | $5.5B | ||
| Q4 24 | $7.0M | $5.5B | ||
| Q3 24 | $17.0M | — | ||
| Q2 24 | $19.0M | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $19.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.4B | $13.5B | ||
| Q3 25 | $12.8B | $12.5B | ||
| Q2 25 | $12.3B | $12.1B | ||
| Q1 25 | $12.2B | $11.1B | ||
| Q4 24 | $12.1B | $11.6B | ||
| Q3 24 | $11.8B | $10.1B | ||
| Q2 24 | $11.5B | $9.2B |
| Q1 26 | $49.8B | — | ||
| Q4 25 | $48.5B | $15.2B | ||
| Q3 25 | $47.4B | $15.0B | ||
| Q2 25 | $46.6B | $14.6B | ||
| Q1 25 | $45.7B | $13.4B | ||
| Q4 24 | $44.6B | $13.9B | ||
| Q3 24 | $43.3B | — | ||
| Q2 24 | $42.3B | — |
| Q1 26 | 0.08× | — | ||
| Q4 25 | 1.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $421.0M | $725.0M |
| Free Cash FlowOCF − Capex | — | $715.0M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | 72.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.18× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $421.0M | — | ||
| Q4 25 | $956.0M | $725.0M | ||
| Q3 25 | $1.1B | $513.0M | ||
| Q2 25 | $862.0M | $428.0M | ||
| Q1 25 | $431.0M | $367.0M | ||
| Q4 24 | $817.0M | $615.0M | ||
| Q3 24 | $897.0M | $423.0M | ||
| Q2 24 | $557.0M | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-54.0M | $715.0M | ||
| Q3 25 | $116.0M | $507.0M | ||
| Q2 25 | $-204.0M | $422.0M | ||
| Q1 25 | $-633.0M | $363.0M | ||
| Q4 24 | $-473.0M | $611.0M | ||
| Q3 24 | $-240.0M | $421.0M | ||
| Q2 24 | $-445.0M | $333.0M |
| Q1 26 | — | — | ||
| Q4 25 | -3.0% | 19.5% | ||
| Q3 25 | 4.3% | 17.8% | ||
| Q2 25 | -9.2% | 15.7% | ||
| Q1 25 | -30.2% | 15.4% | ||
| Q4 24 | -24.4% | 21.7% | ||
| Q3 24 | -11.0% | 19.5% | ||
| Q2 24 | -26.3% | 16.3% |
| Q1 26 | 72.3% | — | ||
| Q4 25 | 56.7% | 0.3% | ||
| Q3 25 | 36.6% | 0.2% | ||
| Q2 25 | 48.0% | 0.2% | ||
| Q1 25 | 50.7% | 0.2% | ||
| Q4 24 | 66.5% | 0.1% | ||
| Q3 24 | 52.3% | 0.1% | ||
| Q2 24 | 59.2% | 0.3% |
| Q1 26 | 1.18× | — | ||
| Q4 25 | 3.78× | 0.98× | ||
| Q3 25 | 1.72× | 1.94× | ||
| Q2 25 | 3.11× | 0.47× | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 3.93× | 0.48× | ||
| Q3 24 | 1.96× | 0.51× | ||
| Q2 24 | 2.14× | 1.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AEE
| Electric | $1.7B | 76% |
| Natural gas | $515.0M | 24% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
