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Shopify (SHOP) Competitors

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$149.25 +2.07 (+1.41%)
As of 08/21/2026 04:00 PM Eastern

SHOP vs. SNOW, NET, NBIS, CRWV, and TWLO

Should you buy Shopify stock or one of its competitors? Shopify's main competitors and comparable companies include Snowflake (SNOW), Cloudflare (NET), Nebius Group (NBIS), CoreWeave (CRWV), and Twilio (TWLO). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "internet services & infrastructure" industry.

How does Shopify compare to Snowflake?

Snowflake (NYSE:SNOW) and Shopify (NASDAQ:SHOP) are both large-cap technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, institutional ownership, media sentiment, earnings, dividends, profitability and risk.

Shopify has higher revenue and earnings than Snowflake. Snowflake is trading at a lower price-to-earnings ratio than Shopify, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Snowflake$4.68B24.61-$1.33B-$3.52N/A
Shopify$11.56B16.62$1.23B$1.48100.84

Shopify has a net margin of 14.53% compared to Snowflake's net margin of -23.79%. Shopify's return on equity of 12.58% beat Snowflake's return on equity.

Company Net Margins Return on Equity Return on Assets
Snowflake-23.79% -50.50% -12.40%
Shopify 14.53%12.58%10.94%

Snowflake presently has a consensus target price of $320.65, indicating a potential downside of 3.57%. Shopify has a consensus target price of $170.84, indicating a potential upside of 14.46%. Given Shopify's higher probable upside, analysts clearly believe Shopify is more favorable than Snowflake.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Snowflake
1 Sell rating(s)
5 Hold rating(s)
34 Buy rating(s)
0 Strong Buy rating(s)
2.83
Shopify
0 Sell rating(s)
10 Hold rating(s)
35 Buy rating(s)
1 Strong Buy rating(s)
2.80

Snowflake has a beta of 1.33, indicating that its stock price is 33% more volatile than the broader market. Comparatively, Shopify has a beta of 2.58, indicating that its stock price is 158% more volatile than the broader market.

In the previous week, Snowflake had 24 more articles in the media than Shopify. MarketBeat recorded 39 mentions for Snowflake and 15 mentions for Shopify. Shopify's average media sentiment score of 0.88 beat Snowflake's score of 0.38 indicating that Shopify is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Snowflake
14 Very Positive mention(s)
9 Positive mention(s)
5 Neutral mention(s)
5 Negative mention(s)
1 Very Negative mention(s)
Neutral
Shopify
8 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

65.1% of Snowflake shares are held by institutional investors. Comparatively, 69.3% of Shopify shares are held by institutional investors. 4.8% of Snowflake shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Summary

Shopify beats Snowflake on 13 of the 17 factors compared between the two stocks.

How does Shopify compare to Cloudflare?

Cloudflare (NYSE:NET) and Shopify (NASDAQ:SHOP) are both large-cap technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, dividends, media sentiment, risk, profitability, earnings and institutional ownership.

Cloudflare currently has a consensus price target of $320.19, suggesting a potential upside of 9.22%. Shopify has a consensus price target of $170.84, suggesting a potential upside of 14.46%. Given Shopify's stronger consensus rating and higher probable upside, analysts clearly believe Shopify is more favorable than Cloudflare.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cloudflare
4 Sell rating(s)
7 Hold rating(s)
21 Buy rating(s)
1 Strong Buy rating(s)
2.58
Shopify
0 Sell rating(s)
10 Hold rating(s)
35 Buy rating(s)
1 Strong Buy rating(s)
2.80

Shopify has higher revenue and earnings than Cloudflare. Cloudflare is trading at a lower price-to-earnings ratio than Shopify, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cloudflare$2.17B47.80-$102.27M-$0.58N/A
Shopify$11.56B16.62$1.23B$1.48100.84

Shopify has a net margin of 14.53% compared to Cloudflare's net margin of -8.21%. Shopify's return on equity of 12.58% beat Cloudflare's return on equity.

Company Net Margins Return on Equity Return on Assets
Cloudflare-8.21% -3.88% -0.94%
Shopify 14.53%12.58%10.94%

Cloudflare has a beta of 1.65, meaning that its stock price is 65% more volatile than the broader market. Comparatively, Shopify has a beta of 2.58, meaning that its stock price is 158% more volatile than the broader market.

82.7% of Cloudflare shares are owned by institutional investors. Comparatively, 69.3% of Shopify shares are owned by institutional investors. 10.7% of Cloudflare shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

In the previous week, Cloudflare had 14 more articles in the media than Shopify. MarketBeat recorded 29 mentions for Cloudflare and 15 mentions for Shopify. Shopify's average media sentiment score of 0.88 beat Cloudflare's score of 0.34 indicating that Shopify is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cloudflare
16 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Shopify
8 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Shopify beats Cloudflare on 12 of the 16 factors compared between the two stocks.

How does Shopify compare to Nebius Group?

Nebius Group (NASDAQ:NBIS) and Shopify (NASDAQ:SHOP) are both large-cap technology companies, but which is the better business? We will contrast the two businesses based on the strength of their analyst recommendations, risk, valuation, profitability, earnings, institutional ownership, dividends and media sentiment.

Shopify has higher revenue and earnings than Nebius Group. Nebius Group is trading at a lower price-to-earnings ratio than Shopify, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Nebius Group$529.80M104.65$82.50M-$0.03N/A
Shopify$11.56B16.62$1.23B$1.48100.84

In the previous week, Nebius Group had 73 more articles in the media than Shopify. MarketBeat recorded 88 mentions for Nebius Group and 15 mentions for Shopify. Shopify's average media sentiment score of 0.88 beat Nebius Group's score of 0.55 indicating that Shopify is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nebius Group
37 Very Positive mention(s)
8 Positive mention(s)
29 Neutral mention(s)
9 Negative mention(s)
3 Very Negative mention(s)
Positive
Shopify
8 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

Nebius Group currently has a consensus target price of $226.00, suggesting a potential upside of 3.14%. Shopify has a consensus target price of $170.84, suggesting a potential upside of 14.46%. Given Shopify's stronger consensus rating and higher probable upside, analysts plainly believe Shopify is more favorable than Nebius Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nebius Group
0 Sell rating(s)
7 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.67
Shopify
0 Sell rating(s)
10 Hold rating(s)
35 Buy rating(s)
1 Strong Buy rating(s)
2.80

Shopify has a net margin of 14.53% compared to Nebius Group's net margin of 4.55%. Shopify's return on equity of 12.58% beat Nebius Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Nebius Group4.55% -6.03% -2.24%
Shopify 14.53%12.58%10.94%

21.9% of Nebius Group shares are owned by institutional investors. Comparatively, 69.3% of Shopify shares are owned by institutional investors. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Nebius Group has a beta of 4.23, meaning that its stock price is 323% more volatile than the broader market. Comparatively, Shopify has a beta of 2.58, meaning that its stock price is 158% more volatile than the broader market.

Summary

Shopify beats Nebius Group on 12 of the 15 factors compared between the two stocks.

How does Shopify compare to CoreWeave?

Shopify (NASDAQ:SHOP) and CoreWeave (NASDAQ:CRWV) are both large-cap technology companies, but which is the superior business? We will compare the two businesses based on the strength of their valuation, analyst recommendations, institutional ownership, media sentiment, profitability, risk, earnings and dividends.

Shopify has higher revenue and earnings than CoreWeave. CoreWeave is trading at a lower price-to-earnings ratio than Shopify, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shopify$11.56B16.62$1.23B$1.48100.84
CoreWeave$5.13B7.86-$1.17B-$3.65N/A

Shopify has a net margin of 14.53% compared to CoreWeave's net margin of -25.41%. Shopify's return on equity of 12.58% beat CoreWeave's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify14.53% 12.58% 10.94%
CoreWeave -25.41%-47.95%-3.79%

Shopify has a beta of 2.58, suggesting that its stock price is 158% more volatile than the broader market. Comparatively, CoreWeave has a beta of 7.44, suggesting that its stock price is 644% more volatile than the broader market.

In the previous week, CoreWeave had 72 more articles in the media than Shopify. MarketBeat recorded 87 mentions for CoreWeave and 15 mentions for Shopify. Shopify's average media sentiment score of 0.88 beat CoreWeave's score of 0.34 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
8 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
CoreWeave
36 Very Positive mention(s)
5 Positive mention(s)
16 Neutral mention(s)
5 Negative mention(s)
2 Very Negative mention(s)
Neutral

Shopify presently has a consensus target price of $170.84, indicating a potential upside of 14.46%. CoreWeave has a consensus target price of $141.57, indicating a potential upside of 61.15%. Given CoreWeave's higher probable upside, analysts clearly believe CoreWeave is more favorable than Shopify.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shopify
0 Sell rating(s)
10 Hold rating(s)
35 Buy rating(s)
1 Strong Buy rating(s)
2.80
CoreWeave
3 Sell rating(s)
10 Hold rating(s)
21 Buy rating(s)
0 Strong Buy rating(s)
2.53

69.3% of Shopify shares are owned by institutional investors. 24.2% of CoreWeave shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Summary

Shopify beats CoreWeave on 13 of the 17 factors compared between the two stocks.

How does Shopify compare to Twilio?

Shopify (NASDAQ:SHOP) and Twilio (NYSE:TWLO) are both large-cap technology companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, risk, profitability, media sentiment, valuation, analyst recommendations, dividends and institutional ownership.

69.3% of Shopify shares are owned by institutional investors. Comparatively, 84.3% of Twilio shares are owned by institutional investors. 0.2% of Twilio shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Twilio has a net margin of 20.61% compared to Shopify's net margin of 14.53%. Shopify's return on equity of 12.58% beat Twilio's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify14.53% 12.58% 10.94%
Twilio 20.61%5.09%4.15%

Shopify presently has a consensus target price of $170.84, indicating a potential upside of 14.46%. Twilio has a consensus target price of $249.68, indicating a potential upside of 10.81%. Given Shopify's higher probable upside, research analysts plainly believe Shopify is more favorable than Twilio.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shopify
0 Sell rating(s)
10 Hold rating(s)
35 Buy rating(s)
1 Strong Buy rating(s)
2.80
Twilio
1 Sell rating(s)
1 Hold rating(s)
22 Buy rating(s)
3 Strong Buy rating(s)
3.00

Shopify has a beta of 2.58, meaning that its stock price is 158% more volatile than the broader market. Comparatively, Twilio has a beta of 1.37, meaning that its stock price is 37% more volatile than the broader market.

In the previous week, Shopify had 6 more articles in the media than Twilio. MarketBeat recorded 15 mentions for Shopify and 9 mentions for Twilio. Twilio's average media sentiment score of 0.91 beat Shopify's score of 0.88 indicating that Twilio is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
8 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Twilio
5 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Shopify has higher revenue and earnings than Twilio. Twilio is trading at a lower price-to-earnings ratio than Shopify, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shopify$11.56B16.62$1.23B$1.48100.84
Twilio$5.07B6.83$33.83M$7.1831.38

Summary

Shopify beats Twilio on 10 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding SHOP and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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SHOP vs. The Competition

MetricShopifyIT Services IndustryTechnology SectorNASDAQ Exchange
Market Cap$192.03B$11.08B$29.55B$12.85B
Dividend YieldN/A2.80%2.75%11.08%
P/E Ratio100.8414.2673.3524.25
Price / Sales16.6262.10598.8699.05
Price / Cash167.8942.1550.3553.99
Price / Book15.1424.959.446.20
Net Income$1.23B$273.31M$679.74M$348.59M
7 Day Performance-3.29%-1.25%-1.29%0.08%
1 Month Performance33.26%5.45%4.03%3.88%
1 Year Performance5.02%30.28%189.70%16.98%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
4.2562 of 5 stars
$149.25
+1.4%
$170.84
+14.5%
+5.0%$192.03B$11.56B100.847,600
SNOW
Snowflake
2.398 of 5 stars
$331.23
+0.7%
$307.46
-7.2%
+69.0%$114.80B$4.68BN/A9,060
NET
Cloudflare
3.973 of 5 stars
$307.22
-2.7%
$320.19
+4.2%
+49.6%$108.59B$2.17BN/A5,156
NBIS
Nebius Group
1.953 of 5 stars
$268.85
-3.2%
$226.00
-15.9%
+217.7%$68.02B$529.80MN/A1,543
CRWV
CoreWeave
3.5168 of 5 stars
$106.00
+0.7%
$138.72
+30.9%
-6.5%$48.64B$7.59BN/A2,189

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This page (NASDAQ:SHOP) was last updated on 8/23/2026 by MarketBeat.com Staff.
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