Shopify (SHOP) Competitors

C$137.94 +4.25 (+3.18%)

As of 05/15/2026 04:15 PM Eastern

SHOP vs. CSU, SAP, VDY, BB, and DH

Should you buy Shopify stock or one of its competitors? MarketBeat compares Shopify with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Shopify include Constellation Software (CSU), Saputo (SAP), Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY), BlackBerry (BB), and DH (DH). These companies are all part of the "computer software" industry.

How does Shopify compare to Constellation Software?

Constellation Software (TSE:CSU) and Shopify (TSE:SHOP) are both large-cap computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, media sentiment, valuation, earnings, analyst recommendations, profitability, risk and dividends.

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

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Constellation Software	C$12.15B	4.56	C$453.54M	C$35.06	74.51
Shopify	C$12.37B	14.48	C$1.44B	C$1.02	135.24

63.5% of Constellation Software shares are held by institutional investors. Comparatively, 56.0% of Shopify shares are held by institutional investors. 5.7% of Constellation Software shares are held by insiders. Comparatively, 0.2% of Shopify shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Shopify has a net margin of 10.94% compared to Constellation Software's net margin of 6.08%. Constellation Software's return on equity of 20.79% beat Shopify's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Constellation Software	6.08%	20.79%	7.87%
Shopify	10.94%	10.70%	5.63%

Constellation Software presently has a consensus price target of C$3,945.00, suggesting a potential upside of 51.01%. Shopify has a consensus price target of C$206.33, suggesting a potential upside of 49.58%. Given Constellation Software's stronger consensus rating and higher possible upside, research analysts clearly believe Constellation Software is more favorable than Shopify.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Constellation Software	0 Sell rating(s)	2 Hold rating(s)	7 Buy rating(s)	0 Strong Buy rating(s)	2.78
Shopify	0 Sell rating(s)	2 Hold rating(s)	2 Buy rating(s)	0 Strong Buy rating(s)	2.50

Constellation Software has a beta of 0.393622, meaning that its stock price is 61% less volatile than the broader market. Comparatively, Shopify has a beta of 1.821545, meaning that its stock price is 82% more volatile than the broader market.

In the previous week, Constellation Software had 18 more articles in the media than Shopify. MarketBeat recorded 20 mentions for Constellation Software and 2 mentions for Shopify. Shopify's average media sentiment score of 0.12 beat Constellation Software'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
Constellation Software	1 Very Positive mention(s)	1 Positive mention(s)	7 Neutral mention(s)	4 Negative mention(s)	0 Very Negative mention(s)	Neutral
Shopify	0 Very Positive mention(s)	0 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral

Summary

Constellation Software beats Shopify on 9 of the 16 factors compared between the two stocks.

How does Shopify compare to Saputo?

Shopify (TSE:SHOP) and Saputo (TSE:SAP) are both large-cap computer software companies, but which is the superior business? We will contrast the two companies based on the strength of their valuation, earnings, profitability, media sentiment, dividends, analyst recommendations, risk and institutional ownership.

Shopify has a net margin of 10.94% compared to Saputo's net margin of 3.39%. Shopify's return on equity of 10.70% beat Saputo's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Shopify	10.94%	10.70%	5.63%
Saputo	3.39%	9.50%	4.11%

Shopify presently has a consensus price target of C$206.33, suggesting a potential upside of 49.58%. Saputo has a consensus price target of C$46.11, suggesting a potential upside of 16.24%. Given Shopify's higher possible upside, equities analysts plainly believe Shopify is more favorable than Saputo.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Shopify	0 Sell rating(s)	2 Hold rating(s)	2 Buy rating(s)	0 Strong Buy rating(s)	2.50
Saputo	0 Sell rating(s)	2 Hold rating(s)	6 Buy rating(s)	0 Strong Buy rating(s)	2.75

In the previous week, Shopify had 2 more articles in the media than Saputo. MarketBeat recorded 2 mentions for Shopify and 0 mentions for Saputo. Shopify's average media sentiment score of 0.12 beat Saputo's score of -0.67 indicating that Shopify is being referred to more favorably in the media.

Company	Overall Sentiment
Shopify	Neutral
Saputo	Negative

56.0% of Shopify shares are owned by institutional investors. Comparatively, 25.8% of Saputo shares are owned by institutional investors. 0.2% of Shopify shares are owned by company insiders. Comparatively, 40.5% of Saputo shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Shopify has a beta of 1.821545, suggesting that its stock price is 82% more volatile than the broader market. Comparatively, Saputo has a beta of 0.097147, suggesting that its stock price is 90% less volatile than the broader market.

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

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Shopify	C$12.37B	14.48	C$1.44B	C$1.02	135.24
Saputo	C$18.99B	0.85	-C$157.06M	C$1.56	25.43

Summary

Shopify beats Saputo on 11 of the 16 factors compared between the two stocks.

How does Shopify compare to Vanguard FTSE Canadian High Dividend Yield Index ETF?

Shopify (TSE:SHOP) and Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY) are both computer software 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.

Shopify has higher revenue and earnings than Vanguard FTSE Canadian High Dividend Yield Index ETF.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Shopify	C$12.37B	14.48	C$1.44B	C$1.02	135.24
Vanguard FTSE Canadian High Dividend Yield Index ETF	N/A	N/A	N/A	N/A	N/A

56.0% of Shopify shares are held by institutional investors. 0.2% of Shopify 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 net margin of 10.94% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF's net margin of 0.00%. Shopify's return on equity of 10.70% beat Vanguard FTSE Canadian High Dividend Yield Index ETF's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Shopify	10.94%	10.70%	5.63%
Vanguard FTSE Canadian High Dividend Yield Index ETF	N/A	N/A	N/A

In the previous week, Shopify had 1 more articles in the media than Vanguard FTSE Canadian High Dividend Yield Index ETF. MarketBeat recorded 2 mentions for Shopify and 1 mentions for Vanguard FTSE Canadian High Dividend Yield Index ETF. Shopify's average media sentiment score of 0.12 beat Vanguard FTSE Canadian High Dividend Yield Index ETF's score of 0.00 indicating that Shopify is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Shopify	0 Very Positive mention(s)	0 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral
Vanguard FTSE Canadian High Dividend Yield Index ETF	0 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral

Shopify has a beta of 1.821545, suggesting that its share price is 82% more volatile than the broader market. Comparatively, Vanguard FTSE Canadian High Dividend Yield Index ETF has a beta of 0.61, suggesting that its share price is 39% less volatile than the broader market.

Shopify currently has a consensus price target of C$206.33, suggesting a potential upside of 49.58%. Given Shopify's stronger consensus rating and higher probable upside, research analysts clearly believe Shopify is more favorable than Vanguard FTSE Canadian High Dividend Yield Index ETF.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Shopify	0 Sell rating(s)	2 Hold rating(s)	2 Buy rating(s)	0 Strong Buy rating(s)	2.50
Vanguard FTSE Canadian High Dividend Yield Index ETF	0 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	0.00

Summary

Shopify beats Vanguard FTSE Canadian High Dividend Yield Index ETF on 12 of the 12 factors compared between the two stocks.

How does Shopify compare to BlackBerry?

Shopify (TSE:SHOP) and BlackBerry (TSE:BB) are both computer and 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.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Shopify	0 Sell rating(s)	2 Hold rating(s)	2 Buy rating(s)	0 Strong Buy rating(s)	2.50
BlackBerry	0 Sell rating(s)	1 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00

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

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Shopify	C$12.37B	14.48	C$1.44B	C$1.02	135.24
BlackBerry	C$549.10M	9.07	-C$89.92M	C$0.09	94.44

56.0% of Shopify shares are held by institutional investors. Comparatively, 28.5% of BlackBerry shares are held by institutional investors. 0.2% of Shopify shares are held by company insiders. Comparatively, 1.7% of BlackBerry 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 1.821545, suggesting that its share price is 82% more volatile than the broader market. Comparatively, BlackBerry has a beta of 0.127339, suggesting that its share price is 87% less volatile than the broader market.

Shopify has a net margin of 10.94% compared to BlackBerry's net margin of 9.70%. Shopify's return on equity of 10.70% beat BlackBerry's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Shopify	10.94%	10.70%	5.63%
BlackBerry	9.70%	9.66%	-2.15%

In the previous week, Shopify had 1 more articles in the media than BlackBerry. MarketBeat recorded 2 mentions for Shopify and 1 mentions for BlackBerry. Shopify's average media sentiment score of 0.12 beat BlackBerry's score of 0.00 indicating that Shopify is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Shopify	0 Very Positive mention(s)	0 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral
BlackBerry	0 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral

Summary

Shopify beats BlackBerry on 15 of the 16 factors compared between the two stocks.

How does Shopify compare to DH?

DH (TSE:DH) and Shopify (TSE:SHOP) are both computer software companies, but which is the better stock? We will compare the two companies based on the strength of their valuation, profitability, earnings, media sentiment, risk, analyst recommendations, institutional ownership and dividends.

Shopify has a consensus price target of C$206.33, suggesting a potential upside of 49.58%. Given Shopify's stronger consensus rating and higher possible upside, analysts clearly believe Shopify is more favorable than DH.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
DH	0 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	0.00
Shopify	0 Sell rating(s)	2 Hold rating(s)	2 Buy rating(s)	0 Strong Buy rating(s)	2.50

Shopify has higher revenue and earnings than DH.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
DH	N/A	N/A	N/A	N/A	N/A
Shopify	C$12.37B	14.48	C$1.44B	C$1.02	135.24

56.0% of Shopify shares are held by institutional investors. 0.2% of Shopify shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Shopify has a net margin of 10.94% compared to DH's net margin of 0.00%. Shopify's return on equity of 10.70% beat DH's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
DH	N/A	N/A	N/A
Shopify	10.94%	10.70%	5.63%

In the previous week, DH and DH both had 2 articles in the media. Shopify's average media sentiment score of 0.12 beat DH's score of 0.00 indicating that Shopify is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
DH	0 Very Positive mention(s)	0 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral
Shopify	0 Very Positive mention(s)	0 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral

Summary

Shopify beats DH on 10 of the 10 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.

Media Sentiment Over Time

This chart shows the average media sentiment of TSE 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.

SHOP vs. The Competition

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Metric	Shopify	Software Industry	Computer Sector	TSE Exchange
Market Cap	C$179.00B	C$4.84B	C$39.03B	C$12.37B
Dividend Yield	N/A	4.00%	3.22%	6.23%
P/E Ratio	135.24	26.13	77.03	37.12
Price / Sales	14.48	257.26	630.72	11.47
Price / Cash	13.52	17.16	47.73	82.42
Price / Book	14.37	4.22	10.25	4.37
Net Income	C$1.44B	C$22.26M	C$1.03B	C$299.62M
7 Day Performance	-8.46%	-2.08%	-1.51%	-0.80%
1 Month Performance	-23.15%	-0.13%	4.17%	-0.10%
1 Year Performance	-10.95%	-10.94%	161.58%	55.23%

Shopify Competitors List

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Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
SHOP Shopify	2.6774 of 5 stars	C$137.94 +3.2%	C$206.33 +49.6%	-11.0%	C$179.00B	C$12.37B	135.24	11,600
CSU Constellation Software	2.9121 of 5 stars	C$2,414.31 -6.1%	C$4,128.75 +71.0%	-48.4%	C$51.16B	C$11.62B	99.97	45,000	Trending News Earnings Report Analyst Forecast
SAP Saputo	3.4926 of 5 stars	C$40.19 -2.6%	C$46.11 +14.7%	+52.3%	C$16.29B	C$18.99B	25.76	112,000	Positive News Analyst Forecast
VDY Vanguard FTSE Canadian High Dividend Yield Index ETF	N/A	C$70.96 +0.3%	N/A	+41.6%	C$7.44B	N/A	N/A	790	News Coverage
BB BlackBerry	0.4991 of 5 stars	C$8.52 -3.2%	N/A	+54.3%	C$5.01B	C$549.10M	94.67	3,320	News Coverage

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This page (TSE:SHOP) was last updated on 5/17/2026 by MarketBeat.com Staff.

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Shopify (SHOP) Competitors

SHOP vs. CSU, SAP, VDY, BB, and DH

How does Shopify compare to Constellation Software?

Summary

How does Shopify compare to Saputo?

Summary

How does Shopify compare to Vanguard FTSE Canadian High Dividend Yield Index ETF?

Summary

How does Shopify compare to BlackBerry?

Summary

How does Shopify compare to DH?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

SHOP vs. The Competition

Shopify Competitors List

Related Companies and Tools

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

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Shopify (SHOP) Competitors

SHOP vs. CSU, SAP, VDY, BB, and DH

How does Shopify compare to Constellation Software?

Which has better earnings and valuation, CSU or SHOP?

Do insiders and institutionals have more ownership in CSU or SHOP?

Is CSU or SHOP more profitable?

Do analysts prefer CSU or SHOP?

Which has more risk & volatility, CSU or SHOP?

Does the media favor CSU or SHOP?

Summary

How does Shopify compare to Saputo?

Is SHOP or SAP more profitable?

Do analysts recommend SHOP or SAP?

Does the media refer more to SHOP or SAP?

Do institutionals and insiders hold more shares of SHOP or SAP?

Which has more risk & volatility, SHOP or SAP?

Which has better valuation and earnings, SHOP or SAP?

Summary

How does Shopify compare to Vanguard FTSE Canadian High Dividend Yield Index ETF?

Which has preferable valuation & earnings, SHOP or VDY?

Do insiders & institutionals hold more shares of SHOP or VDY?

Is SHOP or VDY more profitable?

Does the media prefer SHOP or VDY?

Which has more volatility and risk, SHOP or VDY?

Do analysts prefer SHOP or VDY?

Summary

How does Shopify compare to BlackBerry?

Do analysts prefer SHOP or BB?

Which has preferable valuation & earnings, SHOP or BB?

Do insiders & institutionals hold more shares of SHOP or BB?

Which has more volatility and risk, SHOP or BB?

Is SHOP or BB more profitable?

Does the media prefer SHOP or BB?

Summary

How does Shopify compare to DH?

Do analysts prefer DH or SHOP?

Which has better valuation and earnings, DH or SHOP?

Do institutionals & insiders hold more shares of DH or SHOP?

Is DH or SHOP more profitable?

Does the media prefer DH or SHOP?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

SHOP vs. The Competition

Shopify Competitors List

Related Companies and Tools

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools