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Side-by-side financial comparison of Rockwell Automation (ROK) 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 $2.1B, roughly 1.7× Rockwell Automation). SHOPIFY INC. runs the higher net margin — 20.2% vs 14.5%, a 5.7% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 11.9%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $170.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs -0.5%).
Rockwell Automation, Inc. is an American provider of industrial automation and digital transformation technologies headquartered in Milwaukee, Wisconsin. Its brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services. Rockwell Automation employs approximately 27,000 people and has customers in more than 100 countries worldwide.
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.
ROK vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $3.7B |
| Net Profit | $305.0M | $743.0M |
| Gross Margin | 48.3% | 46.1% |
| Operating Margin | 20.7% | 17.2% |
| Net Margin | 14.5% | 20.2% |
| Revenue YoY | 11.9% | 30.6% |
| Net Profit YoY | 65.8% | -42.5% |
| EPS (diluted) | $2.69 | $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 | $2.1B | $3.7B | ||
| Q3 25 | $2.3B | $2.8B | ||
| Q2 25 | $2.1B | $2.7B | ||
| Q1 25 | $2.0B | $2.4B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $2.0B | $2.2B | ||
| Q2 24 | $2.1B | $2.0B | ||
| Q1 24 | $2.1B | $1.9B |
| Q4 25 | $305.0M | $743.0M | ||
| Q3 25 | $138.0M | $264.0M | ||
| Q2 25 | $295.0M | $906.0M | ||
| Q1 25 | $252.0M | $-682.0M | ||
| Q4 24 | $184.0M | $1.3B | ||
| Q3 24 | $239.1M | $828.0M | ||
| Q2 24 | $232.0M | $171.0M | ||
| Q1 24 | $266.2M | $-273.0M |
| Q4 25 | 48.3% | 46.1% | ||
| Q3 25 | 69.4% | 48.9% | ||
| Q2 25 | 40.9% | 48.6% | ||
| Q1 25 | 40.5% | 49.5% | ||
| Q4 24 | 38.4% | 48.1% | ||
| Q3 24 | 37.9% | 51.7% | ||
| Q2 24 | 38.8% | 51.1% | ||
| Q1 24 | 39.2% | 51.4% |
| Q4 25 | 20.7% | 17.2% | ||
| Q3 25 | 2.7% | 12.1% | ||
| Q2 25 | 16.0% | 10.9% | ||
| Q1 25 | 14.9% | 8.6% | ||
| Q4 24 | 17.1% | 16.5% | ||
| Q3 24 | 13.5% | 13.1% | ||
| Q2 24 | 12.4% | 11.8% | ||
| Q1 24 | 14.6% | 4.6% |
| Q4 25 | 14.5% | 20.2% | ||
| Q3 25 | 6.0% | 9.3% | ||
| Q2 25 | 13.8% | 33.8% | ||
| Q1 25 | 12.6% | -28.9% | ||
| Q4 24 | 9.8% | 46.0% | ||
| Q3 24 | 11.7% | 38.3% | ||
| Q2 24 | 11.3% | 8.4% | ||
| Q1 24 | 12.5% | -14.7% |
| Q4 25 | $2.69 | $0.58 | ||
| Q3 25 | $1.24 | $0.20 | ||
| Q2 25 | $2.60 | $0.69 | ||
| Q1 25 | $2.22 | $-0.53 | ||
| Q4 24 | $1.61 | $0.99 | ||
| Q3 24 | $2.09 | $0.64 | ||
| Q2 24 | $2.02 | $0.13 | ||
| Q1 24 | $2.31 | $-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 | $444.0M | $5.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $13.5B |
| Total Assets | $11.2B | $15.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $444.0M | $5.8B | ||
| Q3 25 | $468.0M | $6.3B | ||
| Q2 25 | $495.0M | $5.8B | ||
| Q1 25 | $456.0M | $5.5B | ||
| Q4 24 | $477.0M | $5.5B | ||
| Q3 24 | $471.3M | — | ||
| Q2 24 | $407.0M | — | ||
| Q1 24 | $470.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.7B | $13.5B | ||
| Q3 25 | $3.7B | $12.5B | ||
| Q2 25 | $3.5B | $12.1B | ||
| Q1 25 | $3.4B | $11.1B | ||
| Q4 24 | $3.4B | $11.6B | ||
| Q3 24 | $3.5B | $10.1B | ||
| Q2 24 | $3.3B | $9.2B | ||
| Q1 24 | $3.5B | $8.9B |
| Q4 25 | $11.2B | $15.2B | ||
| Q3 25 | $11.2B | $15.0B | ||
| Q2 25 | $11.2B | $14.6B | ||
| Q1 25 | $11.0B | $13.4B | ||
| Q4 24 | $10.9B | $13.9B | ||
| Q3 24 | $11.2B | — | ||
| Q2 24 | $11.2B | — | ||
| Q1 24 | $11.4B | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $234.0M | $725.0M |
| Free Cash FlowOCF − Capex | $170.0M | $715.0M |
| FCF MarginFCF / Revenue | 8.1% | 19.5% |
| Capex IntensityCapex / Revenue | 3.0% | 0.3% |
| Cash ConversionOCF / Net Profit | 0.77× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $234.0M | $725.0M | ||
| Q3 25 | $454.0M | $513.0M | ||
| Q2 25 | $527.0M | $428.0M | ||
| Q1 25 | $199.0M | $367.0M | ||
| Q4 24 | $364.0M | $615.0M | ||
| Q3 24 | $432.3M | $423.0M | ||
| Q2 24 | $279.1M | $340.0M | ||
| Q1 24 | $119.8M | $238.0M |
| Q4 25 | $170.0M | $715.0M | ||
| Q3 25 | — | $507.0M | ||
| Q2 25 | $489.0M | $422.0M | ||
| Q1 25 | $171.0M | $363.0M | ||
| Q4 24 | $293.0M | $611.0M | ||
| Q3 24 | — | $421.0M | ||
| Q2 24 | $238.4M | $333.0M | ||
| Q1 24 | $68.6M | $232.0M |
| Q4 25 | 8.1% | 19.5% | ||
| Q3 25 | — | 17.8% | ||
| Q2 25 | 22.8% | 15.7% | ||
| Q1 25 | 8.5% | 15.4% | ||
| Q4 24 | 15.6% | 21.7% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | 11.6% | 16.3% | ||
| Q1 24 | 3.2% | 12.5% |
| Q4 25 | 3.0% | 0.3% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | 1.8% | 0.2% | ||
| Q1 25 | 1.4% | 0.2% | ||
| Q4 24 | 3.8% | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | 2.0% | 0.3% | ||
| Q1 24 | 2.4% | 0.3% |
| Q4 25 | 0.77× | 0.98× | ||
| Q3 25 | 3.29× | 1.94× | ||
| Q2 25 | 1.79× | 0.47× | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.98× | 0.48× | ||
| Q3 24 | 1.81× | 0.51× | ||
| Q2 24 | 1.20× | 1.99× | ||
| Q1 24 | 0.45× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ROK
| Productsand Solutions | $1.9B | 89% |
| Lifecycle Services Segment | $259.0M | 12% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
