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Shopify (SHOP) Competitors

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C$152.79 -8.75 (-5.42%)
As of 06/5/2026 04:24 PM Eastern

SHOP vs. CSU, SAP, BB, VDY, 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), BlackBerry (BB), Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY), and DH (DH). These companies are all part of the "computer software" industry.

How does Shopify compare to Constellation Software?

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

Shopify has a beta of 2.301459, meaning that its stock price is 130% more volatile than the broader market. Comparatively, Constellation Software has a beta of 0.529556, meaning that its stock price is 47% less volatile than the broader market.

Shopify currently has a consensus target price of C$206.33, suggesting a potential upside of 35.04%. Constellation Software has a consensus target price of C$3,823.50, suggesting a potential upside of 28.77%. Given Shopify's higher possible upside, equities analysts plainly believe Shopify is more favorable than Constellation Software.

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
Constellation Software
0 Sell rating(s)
1 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.89

55.9% of Shopify shares are held by institutional investors. Comparatively, 67.6% of Constellation Software shares are held by institutional investors. 0.2% of Shopify shares are held by company insiders. Comparatively, 5.7% of Constellation Software shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

In the previous week, Constellation Software had 1 more articles in the media than Shopify. MarketBeat recorded 7 mentions for Constellation Software and 6 mentions for Shopify. Shopify's average media sentiment score of 0.79 beat Constellation Software's score of 0.22 indicating that Shopify is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shopify
2 Very Positive mention(s)
3 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Constellation Software
0 Very Positive mention(s)
3 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ShopifyC$12.37B16.03C$1.44BC$1.02149.79
Constellation SoftwareC$12.15B5.18C$453.54MC$35.0684.69

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
Shopify10.94% 10.70% 5.63%
Constellation Software 6.08%20.79%7.87%

Summary

Shopify and Constellation Software tied by winning 8 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 compare the two companies based on the strength of their media sentiment, valuation, dividends, analyst recommendations, risk, profitability, institutional ownership and earnings.

In the previous week, Shopify and Shopify both had 6 articles in the media. Shopify's average media sentiment score of 0.79 beat Saputo's score of 0.29 indicating that Shopify is being referred to more favorably in the media.

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

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
Shopify10.94% 10.70% 5.63%
Saputo 3.39%9.50%4.11%

Shopify presently has a consensus target price of C$206.33, suggesting a potential upside of 35.04%. Saputo has a consensus target price of C$46.11, suggesting a potential upside of 7.64%. Given Shopify's higher possible upside, equities analysts clearly 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

55.9% of Shopify shares are owned by institutional investors. Comparatively, 24.4% of Saputo shares are owned by institutional investors. 0.2% of Shopify shares are owned by insiders. Comparatively, 40.5% of Saputo shares are owned by 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 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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ShopifyC$12.37B16.03C$1.44BC$1.02149.79
SaputoC$18.99B0.91-C$157.06MC$1.5627.46

Shopify has a beta of 2.301459, indicating that its share price is 130% more volatile than the broader market. Comparatively, Saputo has a beta of 0.05814, indicating that its share price is 94% less volatile than the broader market.

Summary

Shopify beats Saputo on 10 of the 15 factors compared between the two stocks.

How does Shopify compare to BlackBerry?

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

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BlackBerryC$549.10M13.96-C$89.92MC$0.09145.33
ShopifyC$12.37B16.03C$1.44BC$1.02149.79

BlackBerry has a beta of 1.187224, meaning that its stock price is 19% more volatile than the broader market. Comparatively, Shopify has a beta of 2.301459, meaning that its stock price is 130% more volatile than the broader market.

In the previous week, Shopify had 6 more articles in the media than BlackBerry. MarketBeat recorded 6 mentions for Shopify and 0 mentions for BlackBerry. Shopify's average media sentiment score of 0.79 beat BlackBerry's score of 0.00 indicating that Shopify is being referred to more favorably in the news media.

Company Overall Sentiment
BlackBerry Neutral
Shopify Positive

Shopify has a consensus price target of C$206.33, indicating a potential upside of 35.04%. Given Shopify's stronger consensus rating and higher possible upside, analysts clearly believe Shopify is more favorable than BlackBerry.

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

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
BlackBerry9.70% 9.66% -2.15%
Shopify 10.94%10.70%5.63%

27.9% of BlackBerry shares are owned by institutional investors. Comparatively, 55.9% of Shopify shares are owned by institutional investors. 1.7% of BlackBerry shares are owned by insiders. Comparatively, 0.2% of Shopify shares are owned by 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.

Summary

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

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

Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY) and Shopify (TSE:SHOP) are both computer software companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, media sentiment, valuation, analyst recommendations, risk, institutional ownership, profitability and earnings.

Vanguard FTSE Canadian High Dividend Yield Index ETF has a beta of 0.61, meaning that its stock price is 39% less volatile than the broader market. Comparatively, Shopify has a beta of 2.301459, meaning that its stock price is 130% more volatile than the broader market.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Vanguard FTSE Canadian High Dividend Yield Index ETFN/AN/AN/AN/AN/A
ShopifyC$12.37B16.03C$1.44BC$1.02149.79

55.9% of Shopify shares are owned by institutional investors. 0.2% of Shopify shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

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
Vanguard FTSE Canadian High Dividend Yield Index ETFN/A N/A N/A
Shopify 10.94%10.70%5.63%

Shopify has a consensus target price of C$206.33, indicating a potential upside of 35.04%. Given Shopify's stronger consensus rating and higher probable upside, analysts plainly 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
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
Shopify
0 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.50

In the previous week, Shopify had 6 more articles in the media than Vanguard FTSE Canadian High Dividend Yield Index ETF. MarketBeat recorded 6 mentions for Shopify and 0 mentions for Vanguard FTSE Canadian High Dividend Yield Index ETF. Shopify's average media sentiment score of 0.79 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 news media.

Company Overall Sentiment
Vanguard FTSE Canadian High Dividend Yield Index ETF Neutral
Shopify Positive

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 DH?

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

Shopify has a consensus target price of C$206.33, indicating a potential upside of 35.04%. Given Shopify's stronger consensus rating and higher probable 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

In the previous week, Shopify had 6 more articles in the media than DH. MarketBeat recorded 6 mentions for Shopify and 0 mentions for DH. Shopify's average media sentiment score of 0.79 beat DH's score of 0.00 indicating that Shopify is being referred to more favorably in the news media.

Company Overall Sentiment
DH Neutral
Shopify Positive

Shopify has higher revenue and earnings than DH.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
DHN/AN/AN/AN/AN/A
ShopifyC$12.37B16.03C$1.44BC$1.02149.79

55.9% of Shopify shares are owned by institutional investors. 0.2% of Shopify shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers 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
DHN/A N/A N/A
Shopify 10.94%10.70%5.63%

Summary

Shopify beats DH on 11 of the 11 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 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.
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SHOP vs. The Competition

MetricShopifySoftware IndustryComputer SectorTSE Exchange
Market CapC$209.22BC$5.26BC$40.75BC$12.61B
Dividend YieldN/A3.94%3.10%6.20%
P/E Ratio149.7926.8780.0936.72
Price / Sales16.03248.18642.7510.53
Price / Cash13.5217.5352.1682.29
Price / Book15.924.409.614.41
Net IncomeC$1.44BC$22.26MC$1.07BC$299.09M
7 Day Performance-7.07%0.08%-0.99%-2.47%
1 Month Performance5.91%9.54%4.53%0.72%
1 Year Performance0.14%-6.52%158.26%44.54%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
2.9737 of 5 stars
C$152.79
-5.4%
C$206.33
+35.0%
+6.5%C$209.22BC$12.37B149.7911,600
CSU
Constellation Software
2.9651 of 5 stars
C$2,931.96
+3.9%
C$3,823.50
+30.4%
-39.4%C$62.13BC$12.15B83.6345,000
SAP
Saputo
2.8931 of 5 stars
C$42.19
-0.1%
C$46.11
+9.3%
+61.6%C$17.10BC$18.99B27.04112,000
BB
BlackBerry
0.6311 of 5 stars
C$13.44
+8.7%
N/A+134.4%C$7.88BC$549.10M149.333,320
VDY
Vanguard FTSE Canadian High Dividend Yield Index ETF
N/AC$72.42
-0.2%
N/A+44.4%C$7.76BN/AN/A790

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This page (TSE:SHOP) was last updated on 6/6/2026 by MarketBeat.com Staff.
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