vs
Side-by-side financial comparison of NEWELL BRANDS INC. (NWL) 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 $1.9B, roughly 1.9× NEWELL BRANDS INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs -16.6%, a 36.8% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs -2.7%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $91.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 7.1%).
Newell Brands Inc. is an American conglomerate of consumer and commercial products. The company's brands and products include Rubbermaid storage/or waste disposal containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.
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.
NWL vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $3.7B |
| Net Profit | $-315.0M | $743.0M |
| Gross Margin | 33.1% | 46.1% |
| Operating Margin | -14.3% | 17.2% |
| Net Margin | -16.6% | 20.2% |
| Revenue YoY | -2.7% | 30.6% |
| Net Profit YoY | -483.3% | -42.5% |
| EPS (diluted) | $-0.75 | $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 | $1.9B | $3.7B | ||
| Q3 25 | $1.8B | $2.8B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | $1.6B | $2.4B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $1.9B | $2.2B | ||
| Q2 24 | $2.0B | $2.0B | ||
| Q1 24 | $1.7B | $1.9B |
| Q4 25 | $-315.0M | $743.0M | ||
| Q3 25 | $21.0M | $264.0M | ||
| Q2 25 | $46.0M | $906.0M | ||
| Q1 25 | $-37.0M | $-682.0M | ||
| Q4 24 | $-54.0M | $1.3B | ||
| Q3 24 | $-198.0M | $828.0M | ||
| Q2 24 | $45.0M | $171.0M | ||
| Q1 24 | $-9.0M | $-273.0M |
| Q4 25 | 33.1% | 46.1% | ||
| Q3 25 | 34.1% | 48.9% | ||
| Q2 25 | 35.4% | 48.6% | ||
| Q1 25 | 32.1% | 49.5% | ||
| Q4 24 | 34.2% | 48.1% | ||
| Q3 24 | 34.9% | 51.7% | ||
| Q2 24 | 34.4% | 51.1% | ||
| Q1 24 | 30.5% | 51.4% |
| Q4 25 | -14.3% | 17.2% | ||
| Q3 25 | 6.6% | 12.1% | ||
| Q2 25 | 8.8% | 10.9% | ||
| Q1 25 | 1.3% | 8.6% | ||
| Q4 24 | 0.5% | 16.5% | ||
| Q3 24 | -6.2% | 13.1% | ||
| Q2 24 | 8.0% | 11.8% | ||
| Q1 24 | 1.0% | 4.6% |
| Q4 25 | -16.6% | 20.2% | ||
| Q3 25 | 1.2% | 9.3% | ||
| Q2 25 | 2.4% | 33.8% | ||
| Q1 25 | -2.4% | -28.9% | ||
| Q4 24 | -2.8% | 46.0% | ||
| Q3 24 | -10.2% | 38.3% | ||
| Q2 24 | 2.2% | 8.4% | ||
| Q1 24 | -0.5% | -14.7% |
| Q4 25 | $-0.75 | $0.58 | ||
| Q3 25 | $0.05 | $0.20 | ||
| Q2 25 | $0.11 | $0.69 | ||
| Q1 25 | $-0.09 | $-0.53 | ||
| Q4 24 | $-0.13 | $0.99 | ||
| Q3 24 | $-0.48 | $0.64 | ||
| Q2 24 | $0.11 | $0.13 | ||
| Q1 24 | $-0.02 | $-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 | $203.0M | $5.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.4B | $13.5B |
| Total Assets | $10.7B | $15.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.0M | $5.8B | ||
| Q3 25 | $229.0M | $6.3B | ||
| Q2 25 | $219.0M | $5.8B | ||
| Q1 25 | $233.0M | $5.5B | ||
| Q4 24 | $198.0M | $5.5B | ||
| Q3 24 | $494.0M | — | ||
| Q2 24 | $382.0M | — | ||
| Q1 24 | $372.0M | — |
| Q4 25 | $2.4B | $13.5B | ||
| Q3 25 | $2.7B | $12.5B | ||
| Q2 25 | $2.7B | $12.1B | ||
| Q1 25 | $2.7B | $11.1B | ||
| Q4 24 | $2.8B | $11.6B | ||
| Q3 24 | $2.9B | $10.1B | ||
| Q2 24 | $3.1B | $9.2B | ||
| Q1 24 | $3.1B | $8.9B |
| Q4 25 | $10.7B | $15.2B | ||
| Q3 25 | $11.3B | $15.0B | ||
| Q2 25 | $11.5B | $14.6B | ||
| Q1 25 | $11.3B | $13.4B | ||
| Q4 24 | $11.0B | $13.9B | ||
| Q3 24 | $11.8B | — | ||
| Q2 24 | $12.0B | — | ||
| Q1 24 | $12.1B | — |
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 | $161.0M | $725.0M |
| Free Cash FlowOCF − Capex | $91.0M | $715.0M |
| FCF MarginFCF / Revenue | 4.8% | 19.5% |
| Capex IntensityCapex / Revenue | 3.7% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $17.0M | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $161.0M | $725.0M | ||
| Q3 25 | $374.0M | $513.0M | ||
| Q2 25 | $-58.0M | $428.0M | ||
| Q1 25 | $-213.0M | $367.0M | ||
| Q4 24 | $150.0M | $615.0M | ||
| Q3 24 | $282.0M | $423.0M | ||
| Q2 24 | $32.0M | $340.0M | ||
| Q1 24 | $32.0M | $238.0M |
| Q4 25 | $91.0M | $715.0M | ||
| Q3 25 | $315.0M | $507.0M | ||
| Q2 25 | $-117.0M | $422.0M | ||
| Q1 25 | $-272.0M | $363.0M | ||
| Q4 24 | $54.0M | $611.0M | ||
| Q3 24 | $231.0M | $421.0M | ||
| Q2 24 | $-21.0M | $333.0M | ||
| Q1 24 | $-27.0M | $232.0M |
| Q4 25 | 4.8% | 19.5% | ||
| Q3 25 | 17.4% | 17.8% | ||
| Q2 25 | -6.0% | 15.7% | ||
| Q1 25 | -17.4% | 15.4% | ||
| Q4 24 | 2.8% | 21.7% | ||
| Q3 24 | 11.9% | 19.5% | ||
| Q2 24 | -1.0% | 16.3% | ||
| Q1 24 | -1.6% | 12.5% |
| Q4 25 | 3.7% | 0.3% | ||
| Q3 25 | 3.3% | 0.2% | ||
| Q2 25 | 3.0% | 0.2% | ||
| Q1 25 | 3.8% | 0.2% | ||
| Q4 24 | 4.9% | 0.1% | ||
| Q3 24 | 2.6% | 0.1% | ||
| Q2 24 | 2.6% | 0.3% | ||
| Q1 24 | 3.6% | 0.3% |
| Q4 25 | — | 0.98× | ||
| Q3 25 | 17.81× | 1.94× | ||
| Q2 25 | -1.26× | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | 0.71× | 1.99× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NWL
| Kitchen | $538.0M | 28% |
| Writing | $370.0M | 20% |
| Commercial | $320.0M | 17% |
| Financial Institution Two | $286.0M | 15% |
| Baby | $259.0M | 14% |
| Outdoor And Recreation | $142.0M | 7% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
