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Shopify (SHOP) Competitors

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$151.39 +2.30 (+1.54%)
As of 04:00 PM Eastern

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

Should you buy Shopify stock or one of its competitors? Shopify's main competitors and comparable companies include Cloudflare (NET), Snowflake (SNOW), Nebius Group (NBIS), Twilio (TWLO), and CoreWeave (CRWV). 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 Cloudflare?

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

69.3% of Shopify shares are held by institutional investors. Comparatively, 82.7% of Cloudflare shares are held by institutional investors. 10.7% of Cloudflare shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

In the previous week, Cloudflare had 4 more articles in the media than Shopify. MarketBeat recorded 24 mentions for Cloudflare and 20 mentions for Shopify. Cloudflare's average media sentiment score of 0.67 beat Shopify's score of 0.63 indicating that Cloudflare is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
9 Very Positive mention(s)
5 Positive mention(s)
4 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Cloudflare
12 Very Positive mention(s)
1 Positive mention(s)
6 Neutral mention(s)
3 Negative mention(s)
2 Very Negative mention(s)
Positive

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
Shopify$11.56B16.97$1.23B$1.48102.98
Cloudflare$2.17B57.39-$102.27M-$0.58N/A

Shopify presently has a consensus price target of $172.00, indicating a potential upside of 12.85%. Cloudflare has a consensus price target of $321.85, indicating a potential downside of 8.56%. Given Shopify's stronger consensus rating and higher possible upside, analysts clearly believe Shopify is more favorable than Cloudflare.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shopify
0 Sell rating(s)
10 Hold rating(s)
36 Buy rating(s)
2 Strong Buy rating(s)
2.83
Cloudflare
4 Sell rating(s)
7 Hold rating(s)
21 Buy rating(s)
1 Strong Buy rating(s)
2.58

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
Shopify14.53% 12.58% 10.94%
Cloudflare -8.21%-3.88%-0.94%

Shopify has a beta of 2.62, suggesting that its share price is 162% more volatile than the broader market. Comparatively, Cloudflare has a beta of 1.64, suggesting that its share price is 64% more volatile than the broader market.

Summary

Shopify beats Cloudflare on 12 of the 17 factors compared between the two stocks.

How does Shopify compare to Snowflake?

Snowflake (NYSE:SNOW) 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 media sentiment, analyst recommendations, earnings, risk, valuation, profitability, institutional ownership and dividends.

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

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$4.68B25.65-$1.33B-$3.18N/A
Shopify$11.56B16.97$1.23B$1.48102.98

Shopify has a net margin of 14.53% compared to Snowflake's net margin of -20.07%. Shopify's return on equity of 12.58% beat Snowflake's return on equity.

Company Net Margins Return on Equity Return on Assets
Snowflake-20.07% -46.32% -10.90%
Shopify 14.53%12.58%10.94%

In the previous week, Snowflake had 15 more articles in the media than Shopify. MarketBeat recorded 35 mentions for Snowflake and 20 mentions for Shopify. Shopify's average media sentiment score of 0.63 beat Snowflake's score of 0.18 indicating that Shopify is being referred to more favorably in the news media.

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

Snowflake presently has a consensus price target of $414.24, indicating a potential upside of 21.62%. Shopify has a consensus price target of $172.00, indicating a potential upside of 12.85%. Given Snowflake's stronger consensus rating and higher possible upside, research analysts clearly believe Snowflake is more favorable than Shopify.

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)
1 Strong Buy rating(s)
2.85
Shopify
0 Sell rating(s)
10 Hold rating(s)
36 Buy rating(s)
2 Strong Buy rating(s)
2.83

Snowflake has a beta of 1.35, indicating that its share price is 35% more volatile than the broader market. Comparatively, Shopify has a beta of 2.62, indicating that its share price is 162% more volatile than the broader market.

Summary

Shopify beats Snowflake on 12 of the 17 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 superior business? We will compare the two companies based on the strength of their risk, media sentiment, valuation, earnings, dividends, institutional ownership, profitability and analyst recommendations.

In the previous week, Nebius Group had 16 more articles in the media than Shopify. MarketBeat recorded 36 mentions for Nebius Group and 20 mentions for Shopify. Shopify's average media sentiment score of 0.63 beat Nebius Group'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
Nebius Group
14 Very Positive mention(s)
5 Positive mention(s)
11 Neutral mention(s)
4 Negative mention(s)
1 Very Negative mention(s)
Neutral
Shopify
9 Very Positive mention(s)
5 Positive mention(s)
4 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

Nebius Group has a beta of 4.18, indicating that its stock price is 318% more volatile than the broader market. Comparatively, Shopify has a beta of 2.62, indicating that its stock price is 162% more volatile than the broader market.

Nebius Group presently has a consensus target price of $241.80, indicating a potential downside of 0.47%. Shopify has a consensus target price of $172.00, indicating a potential upside of 12.85%. Given Shopify's stronger consensus rating and higher possible upside, analysts clearly believe Shopify is more favorable than Nebius Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nebius Group
1 Sell rating(s)
6 Hold rating(s)
11 Buy rating(s)
2 Strong Buy rating(s)
2.70
Shopify
0 Sell rating(s)
10 Hold rating(s)
36 Buy rating(s)
2 Strong Buy rating(s)
2.83

21.9% of Nebius Group shares are held by institutional investors. Comparatively, 69.3% of Shopify shares are held by institutional investors. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

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$529.80M116.02$82.50M-$0.03N/A
Shopify$11.56B16.97$1.23B$1.48102.98

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%

Summary

Shopify beats Nebius Group on 12 of the 15 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 contrast the two businesses based on the strength of their earnings, profitability, media sentiment, valuation, risk, dividends, analyst recommendations and institutional ownership.

69.3% of Shopify shares are held by institutional investors. Comparatively, 84.3% of Twilio shares are held by institutional investors. 0.2% of Twilio shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Shopify has a beta of 2.62, suggesting that its share price is 162% more volatile than the broader market. Comparatively, Twilio has a beta of 1.35, suggesting that its share price is 35% more volatile than the broader market.

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%

In the previous week, Shopify had 6 more articles in the media than Twilio. MarketBeat recorded 20 mentions for Shopify and 14 mentions for Twilio. Shopify's average media sentiment score of 0.63 beat Twilio's score of 0.49 indicating that Shopify is being referred to more favorably in the media.

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

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$11.56B16.97$1.23B$1.48102.98
Twilio$5.07B8.95$33.83M$7.1841.15

Shopify currently has a consensus price target of $172.00, suggesting a potential upside of 12.85%. Twilio has a consensus price target of $250.39, suggesting a potential downside of 15.26%. Given Shopify's higher probable upside, research analysts clearly 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)
36 Buy rating(s)
2 Strong Buy rating(s)
2.83
Twilio
2 Sell rating(s)
2 Hold rating(s)
22 Buy rating(s)
2 Strong Buy rating(s)
2.86

Summary

Shopify beats Twilio on 11 of the 16 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 better stock? We will compare the two businesses based on the strength of their media sentiment, dividends, analyst recommendations, earnings, profitability, valuation, institutional ownership and risk.

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%

In the previous week, CoreWeave had 29 more articles in the media than Shopify. MarketBeat recorded 49 mentions for CoreWeave and 20 mentions for Shopify. Shopify's average media sentiment score of 0.63 beat CoreWeave's score of 0.28 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
9 Very Positive mention(s)
5 Positive mention(s)
4 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
CoreWeave
12 Very Positive mention(s)
9 Positive mention(s)
19 Neutral mention(s)
6 Negative mention(s)
1 Very Negative mention(s)
Neutral

Shopify has a beta of 2.62, indicating that its share price is 162% more volatile than the broader market. Comparatively, CoreWeave has a beta of 7.34, indicating that its share price is 634% more volatile than the broader market.

Shopify presently has a consensus price target of $172.00, indicating a potential upside of 12.85%. CoreWeave has a consensus price target of $138.78, indicating a potential upside of 56.16%. Given CoreWeave's higher probable upside, analysts plainly 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)
36 Buy rating(s)
2 Strong Buy rating(s)
2.83
CoreWeave
3 Sell rating(s)
9 Hold rating(s)
23 Buy rating(s)
0 Strong Buy rating(s)
2.57

69.3% of Shopify shares are owned by institutional investors. 24.2% of CoreWeave shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

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$11.56B16.97$1.23B$1.48102.98
CoreWeave$5.13B7.95-$1.17B-$3.65N/A

Summary

Shopify beats CoreWeave on 13 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$194.78B$11.23B$31.68B$13.24B
Dividend YieldN/A2.82%2.75%15.88%
P/E Ratio102.2914.3381.2926.03
Price / Sales16.8667.56589.1989.51
Price / Cash166.8242.7249.1351.25
Price / Book14.669.178.126.32
Net Income$1.23B$273.41M$702.36M$361.43M
7 Day Performance6.43%-1.93%0.55%-1.66%
1 Month Performance6.71%-2.14%1.04%-3.93%
1 Year Performance0.06%14.62%168.47%2.82%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
4.1282 of 5 stars
$151.39
+1.5%
$172.00
+13.6%
-0.3%$194.78B$11.56B102.297,600
NET
Cloudflare
2.6891 of 5 stars
$351.82
+8.7%
$321.85
-8.5%
+61.4%$124.36B$2.51BN/A5,156
SNOW
Snowflake
3.3585 of 5 stars
$337.52
+1.5%
$414.24
+22.7%
+48.3%$119.08B$5.43BN/A9,060
NBIS
Nebius Group
1.55 of 5 stars
$232.80
+4.1%
$232.20
-0.3%
+100.9%$58.90B$1.36BN/A1,543
TWLO
Twilio
3.075 of 5 stars
$265.70
+9.0%
$249.68
-6.0%
+193.5%$40.80B$5.07B37.015,587

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This page (NASDAQ:SHOP) was last updated on 10/2/2026 by MarketBeat.com Staff.
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