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Side-by-side financial comparison of EMCOR Group, Inc. (EME) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
EMCOR Group, Inc. is the larger business by last-quarter revenue ($4.6B vs $3.7B, roughly 1.3× SHOPIFY INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs 6.6%, a 13.6% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 19.7%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 12.3%).
EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut.
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.
EME vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.6B | $3.7B |
| Net Profit | $305.5M | $743.0M |
| Gross Margin | 18.7% | 46.1% |
| Operating Margin | 8.7% | 17.2% |
| Net Margin | 6.6% | 20.2% |
| Revenue YoY | 19.7% | 30.6% |
| Net Profit YoY | 26.9% | -42.5% |
| EPS (diluted) | $6.84 | $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 | $4.6B | — | ||
| Q4 25 | $4.5B | $3.7B | ||
| Q3 25 | $4.3B | $2.8B | ||
| Q2 25 | $4.3B | $2.7B | ||
| Q1 25 | $3.9B | $2.4B | ||
| Q4 24 | $3.8B | $2.8B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $3.7B | $2.0B |
| Q1 26 | $305.5M | — | ||
| Q4 25 | $434.6M | $743.0M | ||
| Q3 25 | $295.4M | $264.0M | ||
| Q2 25 | $302.2M | $906.0M | ||
| Q1 25 | $240.7M | $-682.0M | ||
| Q4 24 | $292.2M | $1.3B | ||
| Q3 24 | $270.3M | $828.0M | ||
| Q2 24 | $247.6M | $171.0M |
| Q1 26 | 18.7% | — | ||
| Q4 25 | 19.7% | 46.1% | ||
| Q3 25 | 19.4% | 48.9% | ||
| Q2 25 | 19.4% | 48.6% | ||
| Q1 25 | 18.7% | 49.5% | ||
| Q4 24 | 20.1% | 48.1% | ||
| Q3 24 | 19.9% | 51.7% | ||
| Q2 24 | 18.7% | 51.1% |
| Q1 26 | 8.7% | — | ||
| Q4 25 | 12.7% | 17.2% | ||
| Q3 25 | 9.4% | 12.1% | ||
| Q2 25 | 9.6% | 10.9% | ||
| Q1 25 | 8.2% | 8.6% | ||
| Q4 24 | 10.3% | 16.5% | ||
| Q3 24 | 9.8% | 13.1% | ||
| Q2 24 | 9.1% | 11.8% |
| Q1 26 | 6.6% | — | ||
| Q4 25 | 9.6% | 20.2% | ||
| Q3 25 | 6.9% | 9.3% | ||
| Q2 25 | 7.0% | 33.8% | ||
| Q1 25 | 6.2% | -28.9% | ||
| Q4 24 | 7.7% | 46.0% | ||
| Q3 24 | 7.3% | 38.3% | ||
| Q2 24 | 6.8% | 8.4% |
| Q1 26 | $6.84 | — | ||
| Q4 25 | $9.64 | $0.58 | ||
| Q3 25 | $6.57 | $0.20 | ||
| Q2 25 | $6.72 | $0.69 | ||
| Q1 25 | $5.26 | $-0.53 | ||
| Q4 24 | $6.30 | $0.99 | ||
| Q3 24 | $5.80 | $0.64 | ||
| Q2 24 | $5.25 | $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 | $916.4M | $5.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.9B | $13.5B |
| Total Assets | $9.5B | $15.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $916.4M | — | ||
| Q4 25 | $1.1B | $5.8B | ||
| Q3 25 | $655.1M | $6.3B | ||
| Q2 25 | $486.0M | $5.8B | ||
| Q1 25 | $576.7M | $5.5B | ||
| Q4 24 | $1.3B | $5.5B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $807.3M | — |
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.7B | $13.5B | ||
| Q3 25 | $3.3B | $12.5B | ||
| Q2 25 | $3.1B | $12.1B | ||
| Q1 25 | $2.9B | $11.1B | ||
| Q4 24 | $2.9B | $11.6B | ||
| Q3 24 | $2.8B | $10.1B | ||
| Q2 24 | $2.7B | $9.2B |
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.3B | $15.2B | ||
| Q3 25 | $8.6B | $15.0B | ||
| Q2 25 | $8.4B | $14.6B | ||
| Q1 25 | $8.1B | $13.4B | ||
| Q4 24 | $7.7B | $13.9B | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.1B | — |
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 | $558.0K | $725.0M |
| Free Cash FlowOCF − Capex | — | $715.0M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 0.00× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $558.0K | — | ||
| Q4 25 | $524.4M | $725.0M | ||
| Q3 25 | $475.5M | $513.0M | ||
| Q2 25 | $193.7M | $428.0M | ||
| Q1 25 | $108.5M | $367.0M | ||
| Q4 24 | $469.5M | $615.0M | ||
| Q3 24 | $526.4M | $423.0M | ||
| Q2 24 | $279.7M | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $492.5M | $715.0M | ||
| Q3 25 | $448.8M | $507.0M | ||
| Q2 25 | $165.6M | $422.0M | ||
| Q1 25 | $82.3M | $363.0M | ||
| Q4 24 | $451.8M | $611.0M | ||
| Q3 24 | $508.7M | $421.0M | ||
| Q2 24 | $260.4M | $333.0M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 19.5% | ||
| Q3 25 | 10.4% | 17.8% | ||
| Q2 25 | 3.8% | 15.7% | ||
| Q1 25 | 2.1% | 15.4% | ||
| Q4 24 | 12.0% | 21.7% | ||
| Q3 24 | 13.8% | 19.5% | ||
| Q2 24 | 7.1% | 16.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 0.3% | ||
| Q3 25 | 0.6% | 0.2% | ||
| Q2 25 | 0.7% | 0.2% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 0.5% | 0.1% | ||
| Q3 24 | 0.5% | 0.1% | ||
| Q2 24 | 0.5% | 0.3% |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 1.21× | 0.98× | ||
| Q3 25 | 1.61× | 1.94× | ||
| Q2 25 | 0.64× | 0.47× | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 1.61× | 0.48× | ||
| Q3 24 | 1.95× | 0.51× | ||
| Q2 24 | 1.13× | 1.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EME
Segment breakdown not available.
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
