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Side-by-side financial comparison of SHOPIFY INC. (SHOP) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.
Stanley Black & Decker is the larger business by last-quarter revenue ($3.8B vs $3.7B, roughly 1.0× SHOPIFY INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs 1.4%, a 18.9% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 0.1%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $155.3M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 0.3%).
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.
Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.
SHOP vs SWK — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.7B | $3.8B |
| Net Profit | $743.0M | $51.4M |
| Gross Margin | 46.1% | 31.4% |
| Operating Margin | 17.2% | — |
| Net Margin | 20.2% | 1.4% |
| Revenue YoY | 30.6% | 0.1% |
| Net Profit YoY | -42.5% | -43.6% |
| EPS (diluted) | $0.58 | $0.34 |
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 | $3.7B | — | ||
| Q3 25 | $2.8B | $3.8B | ||
| Q2 25 | $2.7B | $3.9B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $2.8B | $3.7B | ||
| Q3 24 | $2.2B | $3.8B | ||
| Q2 24 | $2.0B | $4.0B | ||
| Q1 24 | $1.9B | $3.9B |
| Q4 25 | $743.0M | — | ||
| Q3 25 | $264.0M | $51.4M | ||
| Q2 25 | $906.0M | $101.9M | ||
| Q1 25 | $-682.0M | $90.4M | ||
| Q4 24 | $1.3B | $194.9M | ||
| Q3 24 | $828.0M | $91.1M | ||
| Q2 24 | $171.0M | $-11.2M | ||
| Q1 24 | $-273.0M | $19.5M |
| Q4 25 | 46.1% | — | ||
| Q3 25 | 48.9% | 31.4% | ||
| Q2 25 | 48.6% | 27.0% | ||
| Q1 25 | 49.5% | 29.9% | ||
| Q4 24 | 48.1% | 30.8% | ||
| Q3 24 | 51.7% | 29.9% | ||
| Q2 24 | 51.1% | 28.4% | ||
| Q1 24 | 51.4% | 28.6% |
| Q4 25 | 17.2% | — | ||
| Q3 25 | 12.1% | — | ||
| Q2 25 | 10.9% | — | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 16.5% | 3.4% | ||
| Q3 24 | 13.1% | 10.6% | ||
| Q2 24 | 11.8% | 9.5% | ||
| Q1 24 | 4.6% | 8.3% |
| Q4 25 | 20.2% | — | ||
| Q3 25 | 9.3% | 1.4% | ||
| Q2 25 | 33.8% | 2.6% | ||
| Q1 25 | -28.9% | 2.4% | ||
| Q4 24 | 46.0% | 5.2% | ||
| Q3 24 | 38.3% | 2.4% | ||
| Q2 24 | 8.4% | -0.3% | ||
| Q1 24 | -14.7% | 0.5% |
| Q4 25 | $0.58 | — | ||
| Q3 25 | $0.20 | $0.34 | ||
| Q2 25 | $0.69 | $0.67 | ||
| Q1 25 | $-0.53 | $0.60 | ||
| Q4 24 | $0.99 | $1.29 | ||
| Q3 24 | $0.64 | $0.60 | ||
| Q2 24 | $0.13 | $-0.07 | ||
| Q1 24 | $-0.21 | $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 | $268.3M |
| Total DebtLower is stronger | — | $5.3B |
| Stockholders' EquityBook value | $13.5B | $9.0B |
| Total Assets | $15.2B | $21.8B |
| Debt / EquityLower = less leverage | — | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8B | — | ||
| Q3 25 | $6.3B | $268.3M | ||
| Q2 25 | $5.8B | $311.8M | ||
| Q1 25 | $5.5B | $344.8M | ||
| Q4 24 | $5.5B | $290.5M | ||
| Q3 24 | — | $298.7M | ||
| Q2 24 | — | $318.5M | ||
| Q1 24 | — | $476.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.1B |
| Q4 25 | $13.5B | — | ||
| Q3 25 | $12.5B | $9.0B | ||
| Q2 25 | $12.1B | $9.1B | ||
| Q1 25 | $11.1B | $8.8B | ||
| Q4 24 | $11.6B | $8.7B | ||
| Q3 24 | $10.1B | $8.9B | ||
| Q2 24 | $9.2B | $8.7B | ||
| Q1 24 | $8.9B | $8.9B |
| Q4 25 | $15.2B | — | ||
| Q3 25 | $15.0B | $21.8B | ||
| Q2 25 | $14.6B | $22.5B | ||
| Q1 25 | $13.4B | $22.5B | ||
| Q4 24 | $13.9B | $21.8B | ||
| Q3 24 | — | $22.5B | ||
| Q2 24 | — | $22.5B | ||
| Q1 24 | — | $23.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.69× |
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 | $221.2M |
| Free Cash FlowOCF − Capex | $715.0M | $155.3M |
| FCF MarginFCF / Revenue | 19.5% | 4.1% |
| Capex IntensityCapex / Revenue | 0.3% | 1.8% |
| Cash ConversionOCF / Net Profit | 0.98× | 4.30× |
| TTM Free Cash FlowTrailing 4 quarters | $2.0B | $369.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $725.0M | — | ||
| Q3 25 | $513.0M | $221.2M | ||
| Q2 25 | $428.0M | $214.3M | ||
| Q1 25 | $367.0M | $-420.0M | ||
| Q4 24 | $615.0M | $679.1M | ||
| Q3 24 | $423.0M | $285.8M | ||
| Q2 24 | $340.0M | $573.0M | ||
| Q1 24 | $238.0M | $-431.0M |
| Q4 25 | $715.0M | — | ||
| Q3 25 | $507.0M | $155.3M | ||
| Q2 25 | $422.0M | $134.7M | ||
| Q1 25 | $363.0M | $-485.0M | ||
| Q4 24 | $611.0M | $564.6M | ||
| Q3 24 | $421.0M | $199.3M | ||
| Q2 24 | $333.0M | $485.8M | ||
| Q1 24 | $232.0M | $-496.7M |
| Q4 25 | 19.5% | — | ||
| Q3 25 | 17.8% | 4.1% | ||
| Q2 25 | 15.7% | 3.4% | ||
| Q1 25 | 15.4% | -13.0% | ||
| Q4 24 | 21.7% | 15.2% | ||
| Q3 24 | 19.5% | 5.3% | ||
| Q2 24 | 16.3% | 12.1% | ||
| Q1 24 | 12.5% | -12.8% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | 1.8% | ||
| Q2 25 | 0.2% | 2.0% | ||
| Q1 25 | 0.2% | 1.7% | ||
| Q4 24 | 0.1% | 3.1% | ||
| Q3 24 | 0.1% | 2.3% | ||
| Q2 24 | 0.3% | 2.2% | ||
| Q1 24 | 0.3% | 1.7% |
| Q4 25 | 0.98× | — | ||
| Q3 25 | 1.94× | 4.30× | ||
| Q2 25 | 0.47× | 2.10× | ||
| Q1 25 | — | -4.65× | ||
| Q4 24 | 0.48× | 3.48× | ||
| Q3 24 | 0.51× | 3.14× | ||
| Q2 24 | 1.99× | — | ||
| Q1 24 | — | -22.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
