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Side-by-side financial comparison of Bunge Global (BG) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
Bunge Global is the larger business by last-quarter revenue ($4.9B vs $3.7B, roughly 1.3× SHOPIFY INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs 1.9%, a 18.3% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 22.2%). Bunge Global produced more free cash flow last quarter ($809.0M vs $715.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 11.3%).
Bunge Global SA (BUN-ghee) is a global agribusiness and food company, incorporated in Geneva, Switzerland and headquartered in St. Louis, Missouri, 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.
BG vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $3.7B |
| Net Profit | $95.0M | $743.0M |
| Gross Margin | 20.7% | 46.1% |
| Operating Margin | 1.8% | 17.2% |
| Net Margin | 1.9% | 20.2% |
| Revenue YoY | 22.2% | 30.6% |
| Net Profit YoY | -84.2% | -42.5% |
| EPS (diluted) | $-0.02 | $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 | $4.9B | $3.7B | ||
| Q3 25 | $4.4B | $2.8B | ||
| Q2 25 | $4.0B | $2.7B | ||
| Q1 25 | $3.7B | $2.4B | ||
| Q4 24 | $4.0B | $2.8B | ||
| Q3 24 | $3.9B | $2.2B | ||
| Q2 24 | $3.7B | $2.0B | ||
| Q1 24 | $3.9B | $1.9B |
| Q4 25 | $95.0M | $743.0M | ||
| Q3 25 | $166.0M | $264.0M | ||
| Q2 25 | $354.0M | $906.0M | ||
| Q1 25 | $201.0M | $-682.0M | ||
| Q4 24 | $602.0M | $1.3B | ||
| Q3 24 | $221.0M | $828.0M | ||
| Q2 24 | $70.0M | $171.0M | ||
| Q1 24 | $244.0M | $-273.0M |
| Q4 25 | 20.7% | 46.1% | ||
| Q3 25 | 24.3% | 48.9% | ||
| Q2 25 | 18.4% | 48.6% | ||
| Q1 25 | 16.3% | 49.5% | ||
| Q4 24 | 27.0% | 48.1% | ||
| Q3 24 | 19.9% | 51.7% | ||
| Q2 24 | 17.8% | 51.1% | ||
| Q1 24 | 22.2% | 51.4% |
| Q4 25 | 1.8% | 17.2% | ||
| Q3 25 | 6.2% | 12.1% | ||
| Q2 25 | 12.3% | 10.9% | ||
| Q1 25 | 7.8% | 8.6% | ||
| Q4 24 | 18.3% | 16.5% | ||
| Q3 24 | 8.3% | 13.1% | ||
| Q2 24 | 2.8% | 11.8% | ||
| Q1 24 | 9.4% | 4.6% |
| Q4 25 | 1.9% | 20.2% | ||
| Q3 25 | 3.8% | 9.3% | ||
| Q2 25 | 8.8% | 33.8% | ||
| Q1 25 | 5.5% | -28.9% | ||
| Q4 24 | 15.0% | 46.0% | ||
| Q3 24 | 5.7% | 38.3% | ||
| Q2 24 | 1.9% | 8.4% | ||
| Q1 24 | 6.2% | -14.7% |
| Q4 25 | $-0.02 | $0.58 | ||
| Q3 25 | $0.84 | $0.20 | ||
| Q2 25 | $2.61 | $0.69 | ||
| Q1 25 | $1.48 | $-0.53 | ||
| Q4 24 | $4.27 | $0.99 | ||
| Q3 24 | $1.56 | $0.64 | ||
| Q2 24 | $0.48 | $0.13 | ||
| Q1 24 | $1.68 | $-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 | $2.0B | $5.8B |
| Total DebtLower is stronger | $10.2B | — |
| Stockholders' EquityBook value | $15.9B | $13.5B |
| Total Assets | $44.5B | $15.2B |
| Debt / EquityLower = less leverage | 0.64× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $5.8B | ||
| Q3 25 | $3.2B | $6.3B | ||
| Q2 25 | $7.1B | $5.8B | ||
| Q1 25 | $3.9B | $5.5B | ||
| Q4 24 | $3.8B | $5.5B | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $3.1B | — |
| Q4 25 | $10.2B | — | ||
| Q3 25 | $11.1B | — | ||
| Q2 25 | $7.7B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.1B | — |
| Q4 25 | $15.9B | $13.5B | ||
| Q3 25 | $15.8B | $12.5B | ||
| Q2 25 | $10.9B | $12.1B | ||
| Q1 25 | $10.6B | $11.1B | ||
| Q4 24 | $9.9B | $11.6B | ||
| Q3 24 | $10.1B | $10.1B | ||
| Q2 24 | $10.0B | $9.2B | ||
| Q1 24 | $10.6B | $8.9B |
| Q4 25 | $44.5B | $15.2B | ||
| Q3 25 | $46.3B | $15.0B | ||
| Q2 25 | $31.2B | $14.6B | ||
| Q1 25 | $26.7B | $13.4B | ||
| Q4 24 | $24.9B | $13.9B | ||
| Q3 24 | $25.3B | — | ||
| Q2 24 | $24.4B | — | ||
| Q1 24 | $25.8B | — |
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.54× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.41× | — | ||
| Q1 24 | 0.39× | — |
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 | $1.3B | $725.0M |
| Free Cash FlowOCF − Capex | $809.0M | $715.0M |
| FCF MarginFCF / Revenue | 16.6% | 19.5% |
| Capex IntensityCapex / Revenue | 11.0% | 0.3% |
| Cash ConversionOCF / Net Profit | 14.18× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $-879.0M | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $725.0M | ||
| Q3 25 | $854.0M | $513.0M | ||
| Q2 25 | $-1.1B | $428.0M | ||
| Q1 25 | $-285.0M | $367.0M | ||
| Q4 24 | $1.1B | $615.0M | ||
| Q3 24 | $1.3B | $423.0M | ||
| Q2 24 | $-1.5B | $340.0M | ||
| Q1 24 | $994.0M | $238.0M |
| Q4 25 | $809.0M | $715.0M | ||
| Q3 25 | $385.0M | $507.0M | ||
| Q2 25 | $-1.5B | $422.0M | ||
| Q1 25 | $-595.0M | $363.0M | ||
| Q4 24 | $564.0M | $611.0M | ||
| Q3 24 | $973.0M | $421.0M | ||
| Q2 24 | $-1.8B | $333.0M | ||
| Q1 24 | $758.0M | $232.0M |
| Q4 25 | 16.6% | 19.5% | ||
| Q3 25 | 8.8% | 17.8% | ||
| Q2 25 | -36.8% | 15.7% | ||
| Q1 25 | -16.2% | 15.4% | ||
| Q4 24 | 14.1% | 21.7% | ||
| Q3 24 | 25.1% | 19.5% | ||
| Q2 24 | -47.4% | 16.3% | ||
| Q1 24 | 19.2% | 12.5% |
| Q4 25 | 11.0% | 0.3% | ||
| Q3 25 | 10.7% | 0.2% | ||
| Q2 25 | 10.1% | 0.2% | ||
| Q1 25 | 8.5% | 0.2% | ||
| Q4 24 | 12.2% | 0.1% | ||
| Q3 24 | 9.1% | 0.1% | ||
| Q2 24 | 8.0% | 0.3% | ||
| Q1 24 | 6.0% | 0.3% |
| Q4 25 | 14.18× | 0.98× | ||
| Q3 25 | 5.14× | 1.94× | ||
| Q2 25 | -3.03× | 0.47× | ||
| Q1 25 | -1.42× | — | ||
| Q4 24 | 1.75× | 0.48× | ||
| Q3 24 | 6.00× | 0.51× | ||
| Q2 24 | -21.06× | 1.99× | ||
| Q1 24 | 4.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BG
| Other Oilseeds Processing And Refining | $4.6B | 95% |
| Other | $251.0M | 5% |
| Other Products | $3.0M | 0% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
