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Shopify (SHOP) Competitors

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$145.09 0.00 (0.00%)
As of 09/4/2026 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?

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

Shopify has a beta of 2.61, suggesting that its share price is 161% more volatile than the broader market. Comparatively, Snowflake has a beta of 1.33, suggesting that its share price is 33% more volatile than the broader market.

Shopify currently has a consensus price target of $170.84, suggesting a potential upside of 17.75%. Snowflake has a consensus price target of $414.24, suggesting a potential upside of 22.39%. Given Snowflake's stronger consensus rating and higher possible upside, analysts clearly believe Snowflake 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
Snowflake
1 Sell rating(s)
5 Hold rating(s)
34 Buy rating(s)
0 Strong Buy rating(s)
2.83

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
Shopify$11.56B16.15$1.23B$1.4898.03
Snowflake$4.68B25.05-$1.33B-$3.18N/A

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

In the previous week, Snowflake had 149 more articles in the media than Shopify. MarketBeat recorded 171 mentions for Snowflake and 22 mentions for Shopify. Shopify's average media sentiment score of 1.08 beat Snowflake's score of 0.67 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
16 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Snowflake
67 Very Positive mention(s)
32 Positive mention(s)
47 Neutral mention(s)
7 Negative mention(s)
2 Very Negative mention(s)
Positive

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
Shopify14.53% 12.58% 10.94%
Snowflake -20.07%-47.20%-10.92%

Summary

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

In the previous week, Cloudflare had 4 more articles in the media than Shopify. MarketBeat recorded 26 mentions for Cloudflare and 22 mentions for Shopify. Shopify's average media sentiment score of 1.08 beat Cloudflare's score of 0.86 indicating that Shopify is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cloudflare
15 Very Positive mention(s)
3 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Shopify
16 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

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%

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 company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Cloudflare has a beta of 1.66, suggesting that its stock price is 66% more volatile than the broader market. Comparatively, Shopify has a beta of 2.61, suggesting that its stock price is 161% more volatile than the broader market.

Cloudflare presently has a consensus price target of $320.19, suggesting a potential upside of 14.81%. Shopify has a consensus price target of $170.84, suggesting a potential upside of 17.75%. 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$2.17B45.47-$102.27M-$0.58N/A
Shopify$11.56B16.15$1.23B$1.4898.03

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 superior business? We will contrast the two companies based on the strength of their profitability, institutional ownership, dividends, valuation, media sentiment, analyst recommendations, earnings and risk.

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 2.61, meaning that its stock price is 161% more volatile than the broader market.

In the previous week, Nebius Group had 21 more articles in the media than Shopify. MarketBeat recorded 43 mentions for Nebius Group and 22 mentions for Shopify. Shopify's average media sentiment score of 1.08 beat Nebius Group's score of 0.70 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
21 Very Positive mention(s)
6 Positive mention(s)
7 Neutral mention(s)
8 Negative mention(s)
0 Very Negative mention(s)
Positive
Shopify
16 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

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$529.80M108.12$82.50M-$0.03N/A
Shopify$11.56B16.15$1.23B$1.4898.03

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%

Nebius Group currently has a consensus target price of $226.00, indicating a potential downside of 0.17%. Shopify has a consensus target price of $170.84, indicating a potential upside of 17.75%. 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
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

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 hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

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 stock? We will compare the two companies based on the strength of their risk, valuation, profitability, media sentiment, earnings, dividends, analyst recommendations and institutional ownership.

Shopify presently has a consensus price target of $170.84, suggesting a potential upside of 17.75%. CoreWeave has a consensus price target of $141.90, suggesting a potential upside of 58.80%. Given CoreWeave's higher possible 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)
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

In the previous week, CoreWeave had 10 more articles in the media than Shopify. MarketBeat recorded 32 mentions for CoreWeave and 22 mentions for Shopify. Shopify's average media sentiment score of 1.08 beat CoreWeave's score of 0.55 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
16 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
CoreWeave
14 Very Positive mention(s)
3 Positive mention(s)
6 Neutral mention(s)
6 Negative mention(s)
0 Very Negative mention(s)
Positive

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, large money managers and endowments believe a stock is poised for long-term growth.

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 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$11.56B16.15$1.23B$1.4898.03
CoreWeave$5.13B7.99-$1.17B-$3.65N/A

Shopify has a beta of 2.61, meaning that its share price is 161% more volatile than the broader market. Comparatively, CoreWeave has a beta of 7.45, meaning that its share price is 645% more volatile than the broader market.

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 better business? We will contrast the two companies based on the strength of their institutional ownership, earnings, media sentiment, valuation, profitability, dividends, risk and analyst recommendations.

Shopify currently has a consensus price target of $170.84, indicating a potential upside of 17.75%. Twilio has a consensus price target of $249.68, indicating a potential upside of 7.50%. Given Shopify's higher possible upside, 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 2.61, meaning that its share price is 161% more volatile than the broader market. Comparatively, Twilio has a beta of 1.4, meaning that its share price is 40% more volatile than the broader market.

In the previous week, Shopify had 11 more articles in the media than Twilio. MarketBeat recorded 22 mentions for Shopify and 11 mentions for Twilio. Twilio's average media sentiment score of 1.17 beat Shopify's score of 1.08 indicating that Twilio is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
16 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Twilio
7 Very Positive mention(s)
4 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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%

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 large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

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$11.56B16.15$1.23B$1.4898.03
Twilio$5.07B7.04$33.83M$7.1832.35

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$186.68B$10.99B$30.00B$12.89B
Dividend YieldN/A2.78%2.73%9.13%
P/E Ratio98.0314.3076.2425.45
Price / Sales16.1570.48593.16100.42
Price / Cash163.2143.3446.8435.62
Price / Book14.058.287.836.39
Net Income$1.23B$271.39M$704.49M$358.69M
7 Day Performance-1.55%-0.08%-0.73%0.22%
1 Month Performance-4.28%-0.84%-1.41%-0.10%
1 Year Performance-1.18%31.88%186.47%14.04%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
4.2751 of 5 stars
$145.09
flat
$170.84
+17.7%
-1.2%$186.68B$11.56B98.037,600
SNOW
Snowflake
3.6582 of 5 stars
$331.68
+1.1%
$331.46
-0.1%
+50.1%$114.96B$4.68BN/A9,060
NET
Cloudflare
4.3739 of 5 stars
$306.30
+2.2%
$320.19
+4.5%
+30.0%$108.27B$2.17BN/A5,156
NBIS
Nebius Group
1.9637 of 5 stars
$206.32
-1.4%
$226.00
+9.5%
+245.8%$52.20B$529.80MN/A1,543
CRWV
CoreWeave
3.4547 of 5 stars
$84.89
+0.8%
$141.90
+67.2%
+0.3%$38.95B$5.13BN/A2,189

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This page (NASDAQ:SHOP) was last updated on 9/7/2026 by MarketBeat.com Staff.
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