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Side-by-side financial comparison of Gen Digital (GEN) 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 $1.2B, roughly 3.0× Gen Digital). SHOPIFY INC. runs the higher net margin — 20.2% vs 15.5%, a 4.8% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 28.5%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 13.4%).
Gen Digital Inc. is a multinational software company co-headquartered in both Tempe, Arizona (USA) and Prague, Czech Republic (EU). The company provides cybersecurity software, financial technology, and services. Gen is a Fortune 500 company and a member of the S&P 500 stock-market index. It is listed at both NASDAQ and Prague Stock Exchange. Its portfolio includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, MoneyLion and CCleaner.
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.
GEN vs SHOP — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $3.7B |
| Net Profit | $192.0M | $743.0M |
| Gross Margin | 78.4% | 46.1% |
| Operating Margin | 34.9% | 17.2% |
| Net Margin | 15.5% | 20.2% |
| Revenue YoY | 28.5% | 30.6% |
| Net Profit YoY | 6.1% | -42.5% |
| EPS (diluted) | $0.31 | $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 | $1.2B | — | ||
| Q4 25 | $1.2B | $3.7B | ||
| Q3 25 | $1.3B | $2.8B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $986.0M | $2.8B | ||
| Q3 24 | $974.0M | $2.2B | ||
| Q2 24 | $965.0M | $2.0B |
| Q1 26 | $192.0M | — | ||
| Q4 25 | $134.0M | $743.0M | ||
| Q3 25 | $135.0M | $264.0M | ||
| Q2 25 | — | $906.0M | ||
| Q1 25 | $142.0M | $-682.0M | ||
| Q4 24 | $159.0M | $1.3B | ||
| Q3 24 | $161.0M | $828.0M | ||
| Q2 24 | $181.0M | $171.0M |
| Q1 26 | 78.4% | — | ||
| Q4 25 | 78.2% | 46.1% | ||
| Q3 25 | 78.8% | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | 80.3% | 49.5% | ||
| Q4 24 | 80.4% | 48.1% | ||
| Q3 24 | 80.1% | 51.7% | ||
| Q2 24 | 80.3% | 51.1% |
| Q1 26 | 34.9% | — | ||
| Q4 25 | 35.9% | 17.2% | ||
| Q3 25 | 35.5% | 12.1% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | 41.3% | 8.6% | ||
| Q4 24 | 37.9% | 16.5% | ||
| Q3 24 | 41.3% | 13.1% | ||
| Q2 24 | 43.2% | 11.8% |
| Q1 26 | 15.5% | — | ||
| Q4 25 | 11.0% | 20.2% | ||
| Q3 25 | 10.7% | 9.3% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | 14.1% | -28.9% | ||
| Q4 24 | 16.1% | 46.0% | ||
| Q3 24 | 16.5% | 38.3% | ||
| Q2 24 | 18.8% | 8.4% |
| Q1 26 | $0.31 | — | ||
| Q4 25 | $0.21 | $0.58 | ||
| Q3 25 | $0.22 | $0.20 | ||
| Q2 25 | — | $0.69 | ||
| Q1 25 | $0.22 | $-0.53 | ||
| Q4 24 | $0.26 | $0.99 | ||
| Q3 24 | $0.26 | $0.64 | ||
| Q2 24 | $0.29 | $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 | — | $5.8B |
| Total DebtLower is stronger | $8.4B | — |
| Stockholders' EquityBook value | $2.3B | $13.5B |
| Total Assets | $15.8B | $15.2B |
| Debt / EquityLower = less leverage | 3.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | $1.0B | $5.5B | ||
| Q4 24 | $883.0M | $5.5B | ||
| Q3 24 | $737.0M | — | ||
| Q2 24 | $644.0M | — |
| Q1 26 | $8.4B | — | ||
| Q4 25 | $8.7B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | $8.5B | — | ||
| Q2 24 | $8.5B | — |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.5B | $13.5B | ||
| Q3 25 | $2.4B | $12.5B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | $2.3B | $11.1B | ||
| Q4 24 | $2.2B | $11.6B | ||
| Q3 24 | $2.1B | $10.1B | ||
| Q2 24 | $2.0B | $9.2B |
| Q1 26 | $15.8B | — | ||
| Q4 25 | $16.1B | $15.2B | ||
| Q3 25 | $16.4B | $15.0B | ||
| Q2 25 | — | $14.6B | ||
| Q1 25 | $15.5B | $13.4B | ||
| Q4 24 | $15.4B | $13.9B | ||
| Q3 24 | $15.5B | — | ||
| Q2 24 | $15.4B | — |
| Q1 26 | 3.61× | — | ||
| Q4 25 | 3.54× | — | ||
| Q3 25 | 3.75× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.64× | — | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 4.06× | — | ||
| Q2 24 | 4.33× | — |
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 | $541.0M | $725.0M | ||
| Q3 25 | $409.0M | $513.0M | ||
| Q2 25 | — | $428.0M | ||
| Q1 25 | $473.0M | $367.0M | ||
| Q4 24 | $326.0M | $615.0M | ||
| Q3 24 | $158.0M | $423.0M | ||
| Q2 24 | $264.0M | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $535.0M | $715.0M | ||
| Q3 25 | $405.0M | $507.0M | ||
| Q2 25 | — | $422.0M | ||
| Q1 25 | $470.0M | $363.0M | ||
| Q4 24 | $318.0M | $611.0M | ||
| Q3 24 | $156.0M | $421.0M | ||
| Q2 24 | $262.0M | $333.0M |
| Q1 26 | — | — | ||
| Q4 25 | 43.9% | 19.5% | ||
| Q3 25 | 32.2% | 17.8% | ||
| Q2 25 | — | 15.7% | ||
| Q1 25 | 46.5% | 15.4% | ||
| Q4 24 | 32.3% | 21.7% | ||
| Q3 24 | 16.0% | 19.5% | ||
| Q2 24 | 27.2% | 16.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.3% | ||
| Q3 25 | 0.3% | 0.2% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.8% | 0.1% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.2% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.04× | 0.98× | ||
| Q3 25 | 3.03× | 1.94× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 2.05× | 0.48× | ||
| Q3 24 | 0.98× | 0.51× | ||
| Q2 24 | 1.46× | 1.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GEN
| Cyber Safety Platform | $819.0M | 66% |
| Trust Based Solutions | $421.0M | 34% |
| Net Interest Income On Notes Receivable | $4.0M | 0% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
