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Side-by-side financial comparison of Otis Worldwide (OTIS) 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 $3.6B, roughly 1.0× Otis Worldwide). SHOPIFY INC. runs the higher net margin — 20.2% vs 9.5%, a 10.7% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 1.0%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $380.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs -0.5%).
Otis Worldwide Corporation styled as OTIS is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment.
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.
OTIS vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $3.7B |
| Net Profit | $340.0M | $743.0M |
| Gross Margin | — | 46.1% |
| Operating Margin | 15.1% | 17.2% |
| Net Margin | 9.5% | 20.2% |
| Revenue YoY | 1.0% | 30.6% |
| Net Profit YoY | 39.9% | -42.5% |
| EPS (diluted) | $0.87 | $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 | $3.6B | — | ||
| Q4 25 | $3.8B | $3.7B | ||
| Q3 25 | $3.7B | $2.8B | ||
| Q2 25 | $3.6B | $2.7B | ||
| Q1 25 | $3.4B | $2.4B | ||
| Q4 24 | $3.7B | $2.8B | ||
| Q3 24 | $3.5B | $2.2B | ||
| Q2 24 | $3.6B | $2.0B |
| Q1 26 | $340.0M | — | ||
| Q4 25 | $374.0M | $743.0M | ||
| Q3 25 | $374.0M | $264.0M | ||
| Q2 25 | $393.0M | $906.0M | ||
| Q1 25 | $243.0M | $-682.0M | ||
| Q4 24 | $337.0M | $1.3B | ||
| Q3 24 | $540.0M | $828.0M | ||
| Q2 24 | $415.0M | $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 | 15.1% | — | ||
| Q4 25 | 15.5% | 17.2% | ||
| Q3 25 | 15.9% | 12.1% | ||
| Q2 25 | 15.2% | 10.9% | ||
| Q1 25 | 12.3% | 8.6% | ||
| Q4 24 | 14.4% | 16.5% | ||
| Q3 24 | 10.2% | 13.1% | ||
| Q2 24 | 15.8% | 11.8% |
| Q1 26 | 9.5% | — | ||
| Q4 25 | 9.9% | 20.2% | ||
| Q3 25 | 10.1% | 9.3% | ||
| Q2 25 | 10.9% | 33.8% | ||
| Q1 25 | 7.3% | -28.9% | ||
| Q4 24 | 9.2% | 46.0% | ||
| Q3 24 | 15.2% | 38.3% | ||
| Q2 24 | 11.5% | 8.4% |
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.95 | $0.58 | ||
| Q3 25 | $0.95 | $0.20 | ||
| Q2 25 | $0.99 | $0.69 | ||
| Q1 25 | $0.61 | $-0.53 | ||
| Q4 24 | $0.85 | $0.99 | ||
| Q3 24 | $1.34 | $0.64 | ||
| Q2 24 | $1.02 | $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 | $834.0M | $5.8B |
| Total DebtLower is stronger | $6.9B | — |
| Stockholders' EquityBook value | — | $13.5B |
| Total Assets | $10.5B | $15.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $834.0M | — | ||
| Q4 25 | $1.1B | $5.8B | ||
| Q3 25 | $840.0M | $6.3B | ||
| Q2 25 | $688.0M | $5.8B | ||
| Q1 25 | $1.9B | $5.5B | ||
| Q4 24 | $2.3B | $5.5B | ||
| Q3 24 | $827.0M | — | ||
| Q2 24 | $942.0M | — |
| Q1 26 | $6.9B | — | ||
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.2B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.3B | — | ||
| Q3 24 | $6.9B | — | ||
| Q2 24 | $6.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | $-5.4B | $13.5B | ||
| Q3 25 | $-5.4B | $12.5B | ||
| Q2 25 | $-5.4B | $12.1B | ||
| Q1 25 | $-5.1B | $11.1B | ||
| Q4 24 | $-4.8B | $11.6B | ||
| Q3 24 | $-4.9B | $10.1B | ||
| Q2 24 | $-5.0B | $9.2B |
| Q1 26 | $10.5B | — | ||
| Q4 25 | $10.7B | $15.2B | ||
| Q3 25 | $10.8B | $15.0B | ||
| Q2 25 | $10.5B | $14.6B | ||
| Q1 25 | $11.2B | $13.4B | ||
| Q4 24 | $11.3B | $13.9B | ||
| Q3 24 | $10.3B | — | ||
| Q2 24 | $9.9B | — |
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 | $380.0M | $715.0M |
| FCF MarginFCF / Revenue | 10.7% | 19.5% |
| Capex IntensityCapex / Revenue | 0.9% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7B | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $817.0M | $725.0M | ||
| Q3 25 | $374.0M | $513.0M | ||
| Q2 25 | $215.0M | $428.0M | ||
| Q1 25 | $190.0M | $367.0M | ||
| Q4 24 | $690.0M | $615.0M | ||
| Q3 24 | $394.0M | $423.0M | ||
| Q2 24 | $308.0M | $340.0M |
| Q1 26 | $380.0M | — | ||
| Q4 25 | $772.0M | $715.0M | ||
| Q3 25 | $337.0M | $507.0M | ||
| Q2 25 | $179.0M | $422.0M | ||
| Q1 25 | $156.0M | $363.0M | ||
| Q4 24 | $651.0M | $611.0M | ||
| Q3 24 | $362.0M | $421.0M | ||
| Q2 24 | $284.0M | $333.0M |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 20.3% | 19.5% | ||
| Q3 25 | 9.1% | 17.8% | ||
| Q2 25 | 5.0% | 15.7% | ||
| Q1 25 | 4.7% | 15.4% | ||
| Q4 24 | 17.7% | 21.7% | ||
| Q3 24 | 10.2% | 19.5% | ||
| Q2 24 | 7.9% | 16.3% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | 1.2% | 0.3% | ||
| Q3 25 | 1.0% | 0.2% | ||
| Q2 25 | 1.0% | 0.2% | ||
| Q1 25 | 1.0% | 0.2% | ||
| Q4 24 | 1.1% | 0.1% | ||
| Q3 24 | 0.9% | 0.1% | ||
| Q2 24 | 0.7% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.18× | 0.98× | ||
| Q3 25 | 1.00× | 1.94× | ||
| Q2 25 | 0.55× | 0.47× | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 2.05× | 0.48× | ||
| Q3 24 | 0.73× | 0.51× | ||
| Q2 24 | 0.74× | 1.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OTIS
| Service | $2.4B | 68% |
| New Equipment | $1.1B | 32% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
