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Side-by-side financial comparison of SHOPIFY INC. (SHOP) and V F CORP (VFC). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $2.9B, roughly 1.3× V F CORP). SHOPIFY INC. runs the higher net margin — 20.2% vs 10.5%, a 9.8% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 1.5%). V F CORP produced more free cash flow last quarter ($977.9M vs $715.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 10.1%).
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.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
SHOP vs VFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.7B | $2.9B |
| Net Profit | $743.0M | $300.8M |
| Gross Margin | 46.1% | 56.6% |
| Operating Margin | 17.2% | 10.1% |
| Net Margin | 20.2% | 10.5% |
| Revenue YoY | 30.6% | 1.5% |
| Net Profit YoY | -42.5% | 79.3% |
| EPS (diluted) | $0.58 | $0.76 |
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 | $2.9B | ||
| Q3 25 | $2.8B | $2.8B | ||
| Q2 25 | $2.7B | $1.8B | ||
| Q1 25 | $2.4B | $2.0B | ||
| Q4 24 | $2.8B | $2.8B | ||
| Q3 24 | $2.2B | $2.8B | ||
| Q2 24 | $2.0B | $1.9B | ||
| Q1 24 | $1.9B | $2.4B |
| Q4 25 | $743.0M | $300.8M | ||
| Q3 25 | $264.0M | $189.8M | ||
| Q2 25 | $906.0M | $-116.4M | ||
| Q1 25 | $-682.0M | $-150.8M | ||
| Q4 24 | $1.3B | $167.8M | ||
| Q3 24 | $828.0M | $52.2M | ||
| Q2 24 | $171.0M | $-258.9M | ||
| Q1 24 | $-273.0M | $-418.3M |
| Q4 25 | 46.1% | 56.6% | ||
| Q3 25 | 48.9% | 52.2% | ||
| Q2 25 | 48.6% | 53.9% | ||
| Q1 25 | 49.5% | 52.7% | ||
| Q4 24 | 48.1% | 56.3% | ||
| Q3 24 | 51.7% | 52.2% | ||
| Q2 24 | 51.1% | 52.0% | ||
| Q1 24 | 51.4% | 48.4% |
| Q4 25 | 17.2% | 10.1% | ||
| Q3 25 | 12.1% | 11.2% | ||
| Q2 25 | 10.9% | -4.9% | ||
| Q1 25 | 8.6% | 2.2% | ||
| Q4 24 | 16.5% | 8.0% | ||
| Q3 24 | 13.1% | 9.9% | ||
| Q2 24 | 11.8% | -12.6% | ||
| Q1 24 | 4.6% | -15.0% |
| Q4 25 | 20.2% | 10.5% | ||
| Q3 25 | 9.3% | 6.8% | ||
| Q2 25 | 33.8% | -6.6% | ||
| Q1 25 | -28.9% | -7.5% | ||
| Q4 24 | 46.0% | 5.9% | ||
| Q3 24 | 38.3% | 1.9% | ||
| Q2 24 | 8.4% | -13.6% | ||
| Q1 24 | -14.7% | -17.6% |
| Q4 25 | $0.58 | $0.76 | ||
| Q3 25 | $0.20 | $0.48 | ||
| Q2 25 | $0.69 | $-0.30 | ||
| Q1 25 | $-0.53 | $-0.37 | ||
| Q4 24 | $0.99 | $0.43 | ||
| Q3 24 | $0.64 | $0.13 | ||
| Q2 24 | $0.13 | $-0.67 | ||
| Q1 24 | $-0.21 | $-1.07 |
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 | $1.5B |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $13.5B | $1.8B |
| Total Assets | $15.2B | $10.4B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8B | $1.5B | ||
| Q3 25 | $6.3B | $419.1M | ||
| Q2 25 | $5.8B | $642.4M | ||
| Q1 25 | $5.5B | $429.4M | ||
| Q4 24 | $5.5B | $1.4B | ||
| Q3 24 | — | $492.2M | ||
| Q2 24 | — | $637.4M | ||
| Q1 24 | — | $674.6M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $4.7B |
| Q4 25 | $13.5B | $1.8B | ||
| Q3 25 | $12.5B | $1.5B | ||
| Q2 25 | $12.1B | $1.3B | ||
| Q1 25 | $11.1B | $1.5B | ||
| Q4 24 | $11.6B | $1.7B | ||
| Q3 24 | $10.1B | $1.4B | ||
| Q2 24 | $9.2B | $1.4B | ||
| Q1 24 | $8.9B | $1.7B |
| Q4 25 | $15.2B | $10.4B | ||
| Q3 25 | $15.0B | $10.6B | ||
| Q2 25 | $14.6B | $10.2B | ||
| Q1 25 | $13.4B | $9.4B | ||
| Q4 24 | $13.9B | $10.6B | ||
| Q3 24 | — | $12.2B | ||
| Q2 24 | — | $11.5B | ||
| Q1 24 | — | $11.6B |
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.76× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 2.84× | ||
| Q1 24 | — | 2.84× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | $715.0M | $977.9M |
| FCF MarginFCF / Revenue | 19.5% | 34.0% |
| Capex IntensityCapex / Revenue | 0.3% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.98× | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | $2.0B | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $725.0M | $1.0B | ||
| Q3 25 | $513.0M | $-227.0M | ||
| Q2 25 | $428.0M | $-145.5M | ||
| Q1 25 | $367.0M | $-171.1M | ||
| Q4 24 | $615.0M | $918.1M | ||
| Q3 24 | $423.0M | $-301.6M | ||
| Q2 24 | $340.0M | $19.8M | ||
| Q1 24 | $238.0M | — |
| Q4 25 | $715.0M | $977.9M | ||
| Q3 25 | $507.0M | $-253.5M | ||
| Q2 25 | $422.0M | $-173.7M | ||
| Q1 25 | $363.0M | $-193.0M | ||
| Q4 24 | $611.0M | $899.7M | ||
| Q3 24 | $421.0M | $-322.4M | ||
| Q2 24 | $333.0M | $-5.4M | ||
| Q1 24 | $232.0M | — |
| Q4 25 | 19.5% | 34.0% | ||
| Q3 25 | 17.8% | -9.0% | ||
| Q2 25 | 15.7% | -9.9% | ||
| Q1 25 | 15.4% | -9.6% | ||
| Q4 24 | 21.7% | 31.7% | ||
| Q3 24 | 19.5% | -11.7% | ||
| Q2 24 | 16.3% | -0.3% | ||
| Q1 24 | 12.5% | — |
| Q4 25 | 0.3% | 1.1% | ||
| Q3 25 | 0.2% | 0.9% | ||
| Q2 25 | 0.2% | 1.6% | ||
| Q1 25 | 0.2% | 1.1% | ||
| Q4 24 | 0.1% | 0.6% | ||
| Q3 24 | 0.1% | 0.8% | ||
| Q2 24 | 0.3% | 1.3% | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 0.98× | 3.36× | ||
| Q3 25 | 1.94× | -1.20× | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.48× | 5.47× | ||
| Q3 24 | 0.51× | -5.78× | ||
| Q2 24 | 1.99× | — | ||
| Q1 24 | — | — |
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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
