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Side-by-side financial comparison of PBF Energy Inc. (PBF) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.9B vs $3.7B, roughly 2.2× SHOPIFY INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs 2.5%, a 17.7% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 11.9%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs -4.9%).
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
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.
PBF vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.9B | $3.7B |
| Net Profit | $200.2M | $743.0M |
| Gross Margin | 3.5% | 46.1% |
| Operating Margin | 3.8% | 17.2% |
| Net Margin | 2.5% | 20.2% |
| Revenue YoY | 11.9% | 30.6% |
| Net Profit YoY | 149.4% | -42.5% |
| EPS (diluted) | $1.65 | $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 | $7.9B | — | ||
| Q4 25 | $7.1B | $3.7B | ||
| Q3 25 | $7.7B | $2.8B | ||
| Q2 25 | $7.5B | $2.7B | ||
| Q1 25 | $7.1B | $2.4B | ||
| Q4 24 | $7.4B | $2.8B | ||
| Q3 24 | $8.4B | $2.2B | ||
| Q2 24 | $8.7B | $2.0B |
| Q1 26 | $200.2M | — | ||
| Q4 25 | $78.4M | $743.0M | ||
| Q3 25 | $170.1M | $264.0M | ||
| Q2 25 | $-5.2M | $906.0M | ||
| Q1 25 | $-401.8M | $-682.0M | ||
| Q4 24 | $-289.3M | $1.3B | ||
| Q3 24 | $-285.9M | $828.0M | ||
| Q2 24 | $-65.2M | $171.0M |
| Q1 26 | 3.5% | — | ||
| Q4 25 | -1.8% | 46.1% | ||
| Q3 25 | 0.5% | 48.9% | ||
| Q2 25 | -0.8% | 48.6% | ||
| Q1 25 | -5.9% | 49.5% | ||
| Q4 24 | -4.2% | 48.1% | ||
| Q3 24 | -3.4% | 51.7% | ||
| Q2 24 | 0.1% | 51.1% |
| Q1 26 | 3.8% | — | ||
| Q4 25 | 1.8% | 17.2% | ||
| Q3 25 | 3.7% | 12.1% | ||
| Q2 25 | 0.6% | 10.9% | ||
| Q1 25 | -7.2% | 8.6% | ||
| Q4 24 | -5.2% | 16.5% | ||
| Q3 24 | -4.6% | 13.1% | ||
| Q2 24 | -0.9% | 11.8% |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 1.1% | 20.2% | ||
| Q3 25 | 2.2% | 9.3% | ||
| Q2 25 | -0.1% | 33.8% | ||
| Q1 25 | -5.7% | -28.9% | ||
| Q4 24 | -3.9% | 46.0% | ||
| Q3 24 | -3.4% | 38.3% | ||
| Q2 24 | -0.7% | 8.4% |
| Q1 26 | $1.65 | — | ||
| Q4 25 | $0.74 | $0.58 | ||
| Q3 25 | $1.45 | $0.20 | ||
| Q2 25 | $-0.05 | $0.69 | ||
| Q1 25 | $-3.53 | $-0.53 | ||
| Q4 24 | $-2.41 | $0.99 | ||
| Q3 24 | $-2.49 | $0.64 | ||
| Q2 24 | $-0.56 | $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 | $541.8M | $5.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.7B | $13.5B |
| Total Assets | $14.7B | $15.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $541.8M | — | ||
| Q4 25 | $527.9M | $5.8B | ||
| Q3 25 | $482.0M | $6.3B | ||
| Q2 25 | $590.7M | $5.8B | ||
| Q1 25 | $468.6M | $5.5B | ||
| Q4 24 | $536.1M | $5.5B | ||
| Q3 24 | $976.7M | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.3B | $13.5B | ||
| Q3 25 | $5.2B | $12.5B | ||
| Q2 25 | $5.1B | $12.1B | ||
| Q1 25 | $5.1B | $11.1B | ||
| Q4 24 | $5.5B | $11.6B | ||
| Q3 24 | $5.9B | $10.1B | ||
| Q2 24 | $6.3B | $9.2B |
| Q1 26 | $14.7B | — | ||
| Q4 25 | $13.0B | $15.2B | ||
| Q3 25 | $13.0B | $15.0B | ||
| Q2 25 | $13.0B | $14.6B | ||
| Q1 25 | $13.0B | $13.4B | ||
| Q4 24 | $12.7B | $13.9B | ||
| Q3 24 | $13.1B | — | ||
| Q2 24 | $14.1B | — |
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 | — | $725.0M |
| Free Cash FlowOCF − Capex | — | $715.0M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | 4.0% | 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 | $366.6M | $725.0M | ||
| Q3 25 | $25.7M | $513.0M | ||
| Q2 25 | $191.1M | $428.0M | ||
| Q1 25 | $-661.4M | $367.0M | ||
| Q4 24 | $-329.7M | $615.0M | ||
| Q3 24 | $-68.0M | $423.0M | ||
| Q2 24 | $425.3M | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $77.0M | $715.0M | ||
| Q3 25 | $-122.8M | $507.0M | ||
| Q2 25 | $35.0M | $422.0M | ||
| Q1 25 | $-772.4M | $363.0M | ||
| Q4 24 | $-425.7M | $611.0M | ||
| Q3 24 | $-169.8M | $421.0M | ||
| Q2 24 | $371.8M | $333.0M |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 19.5% | ||
| Q3 25 | -1.6% | 17.8% | ||
| Q2 25 | 0.5% | 15.7% | ||
| Q1 25 | -10.9% | 15.4% | ||
| Q4 24 | -5.8% | 21.7% | ||
| Q3 24 | -2.0% | 19.5% | ||
| Q2 24 | 4.3% | 16.3% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 4.1% | 0.3% | ||
| Q3 25 | 1.9% | 0.2% | ||
| Q2 25 | 2.1% | 0.2% | ||
| Q1 25 | 1.6% | 0.2% | ||
| Q4 24 | 1.3% | 0.1% | ||
| Q3 24 | 1.2% | 0.1% | ||
| Q2 24 | 0.6% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.68× | 0.98× | ||
| Q3 25 | 0.15× | 1.94× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 1.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PBF
Segment breakdown not available.
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
