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Side-by-side financial comparison of Cincinnati Financial (CINF) 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 $2.8B, roughly 1.3× Cincinnati Financial). SHOPIFY INC. runs the higher net margin — 20.2% vs 9.6%, a 10.7% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs -1.7%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 5.2%).
Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The company has 1.01% of the domestic property and casualty insurance premiums, which ranks it as the 20th largest insurance company by market share in the U.S.
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.
CINF vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $3.7B |
| Net Profit | $274.0M | $743.0M |
| Gross Margin | — | 46.1% |
| Operating Margin | — | 17.2% |
| Net Margin | 9.6% | 20.2% |
| Revenue YoY | -1.7% | 30.6% |
| Net Profit YoY | — | -42.5% |
| EPS (diluted) | — | $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 | $2.8B | — | ||
| Q4 25 | $3.1B | $3.7B | ||
| Q3 25 | $3.7B | $2.8B | ||
| Q2 25 | $3.2B | $2.7B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.5B | $2.8B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $2.5B | $2.0B |
| Q1 26 | $274.0M | — | ||
| Q4 25 | $676.0M | $743.0M | ||
| Q3 25 | $1.1B | $264.0M | ||
| Q2 25 | $685.0M | $906.0M | ||
| Q1 25 | $-90.0M | $-682.0M | ||
| Q4 24 | $405.0M | $1.3B | ||
| Q3 24 | $820.0M | $828.0M | ||
| Q2 24 | $312.0M | $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 | — | — | ||
| Q4 25 | 27.2% | 17.2% | ||
| Q3 25 | 37.9% | 12.1% | ||
| Q2 25 | 26.3% | 10.9% | ||
| Q1 25 | -5.0% | 8.6% | ||
| Q4 24 | 18.9% | 16.5% | ||
| Q3 24 | 31.3% | 13.1% | ||
| Q2 24 | 15.2% | 11.8% |
| Q1 26 | 9.6% | — | ||
| Q4 25 | 21.9% | 20.2% | ||
| Q3 25 | 30.1% | 9.3% | ||
| Q2 25 | 21.1% | 33.8% | ||
| Q1 25 | -3.5% | -28.9% | ||
| Q4 24 | 16.0% | 46.0% | ||
| Q3 24 | 24.7% | 38.3% | ||
| Q2 24 | 12.3% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | $4.29 | $0.58 | ||
| Q3 25 | $7.11 | $0.20 | ||
| Q2 25 | $4.34 | $0.69 | ||
| Q1 25 | $-0.57 | $-0.53 | ||
| Q4 24 | $2.57 | $0.99 | ||
| Q3 24 | $5.20 | $0.64 | ||
| Q2 24 | $1.98 | $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 | $1.2B | $5.8B |
| Total DebtLower is stronger | $816.0M | — |
| Stockholders' EquityBook value | $15.7B | $13.5B |
| Total Assets | $41.2B | $15.2B |
| Debt / EquityLower = less leverage | 0.05× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.2B | — | ||
| Q4 25 | $148.0M | $5.8B | ||
| Q3 25 | $1.6B | $6.3B | ||
| Q2 25 | $1.1B | $5.8B | ||
| Q1 25 | $1.1B | $5.5B | ||
| Q4 24 | $1.3B | $5.5B | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $771.0M | — |
| Q1 26 | $816.0M | — | ||
| Q4 25 | $861.0M | — | ||
| Q3 25 | $858.0M | — | ||
| Q2 25 | $859.0M | — | ||
| Q1 25 | $853.0M | — | ||
| Q4 24 | $850.0M | — | ||
| Q3 24 | $849.0M | — | ||
| Q2 24 | $849.0M | — |
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.9B | $13.5B | ||
| Q3 25 | $15.4B | $12.5B | ||
| Q2 25 | $14.3B | $12.1B | ||
| Q1 25 | $13.7B | $11.1B | ||
| Q4 24 | $13.9B | $11.6B | ||
| Q3 24 | $13.8B | $10.1B | ||
| Q2 24 | $12.8B | $9.2B |
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | $15.2B | ||
| Q3 25 | $40.6B | $15.0B | ||
| Q2 25 | $38.8B | $14.6B | ||
| Q1 25 | $37.3B | $13.4B | ||
| Q4 24 | $36.5B | $13.9B | ||
| Q3 24 | $37.0B | — | ||
| Q2 24 | $34.8B | — |
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.05× | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.07× | — |
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 | — | $725.0M |
| Free Cash FlowOCF − Capex | — | $715.0M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $947.0M | $725.0M | ||
| Q3 25 | $1.1B | $513.0M | ||
| Q2 25 | $741.0M | $428.0M | ||
| Q1 25 | $310.0M | $367.0M | ||
| Q4 24 | $642.0M | $615.0M | ||
| Q3 24 | $912.0M | $423.0M | ||
| Q2 24 | $742.0M | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $939.0M | $715.0M | ||
| Q3 25 | $1.1B | $507.0M | ||
| Q2 25 | $737.0M | $422.0M | ||
| Q1 25 | $307.0M | $363.0M | ||
| Q4 24 | $638.0M | $611.0M | ||
| Q3 24 | $906.0M | $421.0M | ||
| Q2 24 | $737.0M | $333.0M |
| Q1 26 | — | — | ||
| Q4 25 | 30.4% | 19.5% | ||
| Q3 25 | 29.8% | 17.8% | ||
| Q2 25 | 22.7% | 15.7% | ||
| Q1 25 | 12.0% | 15.4% | ||
| Q4 24 | 25.1% | 21.7% | ||
| Q3 24 | 27.3% | 19.5% | ||
| Q2 24 | 29.0% | 16.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | 0.1% | 0.2% | ||
| Q2 25 | 0.1% | 0.2% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.2% | 0.1% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.2% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 0.98× | ||
| Q3 25 | 0.99× | 1.94× | ||
| Q2 25 | 1.08× | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.59× | 0.48× | ||
| Q3 24 | 1.11× | 0.51× | ||
| Q2 24 | 2.38× | 1.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CINF
Segment breakdown not available.
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
