Shopify (SHOP) Competitors

Shopify logo
C$165.70 +7.31 (+4.62%)
As of 06/26/2026 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 businesses based on the strength of their institutional ownership, profitability, earnings, valuation, risk, media sentiment, dividends and analyst recommendations.

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 Software6.08% 20.79% 7.87%
Shopify 10.94%10.70%5.63%

67.3% of Constellation Software shares are owned by institutional investors. Comparatively, 55.6% of Shopify shares are owned by institutional investors. 5.7% of Constellation Software shares are owned by insiders. Comparatively, 0.2% of Shopify 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.

In the previous week, Constellation Software and Constellation Software both had 9 articles in the media. Constellation Software's average media sentiment score of 0.33 beat Shopify's score of -0.39 indicating that Constellation Software is being referred to more favorably in the media.

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

Constellation Software presently has a consensus price target of C$3,823.50, indicating a potential upside of 35.68%. Shopify has a consensus price target of C$206.33, indicating a potential upside of 24.52%. Given Constellation Software's stronger consensus rating and higher probable 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)
1 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.89
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 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
Constellation SoftwareC$12.15B4.91C$453.54MC$35.0680.38
ShopifyC$12.37B17.39C$1.44BC$1.02162.45

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

Summary

Constellation Software beats Shopify on 9 of the 15 factors compared between the two stocks.

How does Shopify compare to Saputo?

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

Shopify has lower revenue, but higher earnings 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
SaputoC$17.55B0.97-C$157.06MC$1.6326.04
ShopifyC$12.37B17.39C$1.44BC$1.02162.45

Shopify has a net margin of 10.94% compared to Saputo's net margin of 3.65%. Shopify's return on equity of 10.70% beat Saputo's return on equity.

Company Net Margins Return on Equity Return on Assets
Saputo3.65% 9.98% 4.11%
Shopify 10.94%10.70%5.63%

In the previous week, Shopify had 2 more articles in the media than Saputo. MarketBeat recorded 9 mentions for Shopify and 7 mentions for Saputo. Saputo's average media sentiment score of 0.07 beat Shopify's score of -0.39 indicating that Saputo is being referred to more favorably in the media.

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

Saputo has a beta of 0.05814, meaning that its stock price is 94% 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.

Saputo presently has a consensus price target of C$46.73, suggesting a potential upside of 10.10%. Shopify has a consensus price target of C$206.33, suggesting a potential upside of 24.52%. Given Shopify's higher possible upside, analysts plainly believe Shopify is more favorable than Saputo.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Saputo
0 Sell rating(s)
2 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
2.90
Shopify
0 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.50

24.4% of Saputo shares are held by institutional investors. Comparatively, 55.6% of Shopify shares are held by institutional investors. 40.5% of Saputo 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, endowments and hedge funds believe a company will outperform the market over the long term.

Summary

Shopify beats Saputo on 10 of the 17 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 stock? We will contrast the two companies based on the strength of their analyst recommendations, media sentiment, profitability, earnings, institutional ownership, risk, dividends and valuation.

Vanguard FTSE Canadian High Dividend Yield Index ETF has a beta of 0.62, suggesting that its stock price is 38% less volatile than the broader market. Comparatively, Shopify has a beta of 2.301459, suggesting that its stock price is 130% more volatile than the broader market.

55.6% 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, hedge funds and large money managers believe a stock will outperform the market over the long term.

In the previous week, Shopify had 8 more articles in the media than Vanguard FTSE Canadian High Dividend Yield Index ETF. MarketBeat recorded 9 mentions for Shopify and 1 mentions for Vanguard FTSE Canadian High Dividend Yield Index ETF. Vanguard FTSE Canadian High Dividend Yield Index ETF's average media sentiment score of 0.00 beat Shopify's score of -0.39 indicating that Vanguard FTSE Canadian High Dividend Yield Index ETF is being referred to more favorably in the media.

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

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 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$12.37B17.39C$1.44BC$1.02162.45

Shopify has a consensus price target of C$206.33, indicating a potential upside of 24.52%. Given Shopify's stronger consensus rating and higher probable upside, 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
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

Summary

Shopify beats Vanguard FTSE Canadian High Dividend Yield Index ETF on 11 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 better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, analyst recommendations, media sentiment, profitability, earnings, dividends and risk.

55.6% of Shopify shares are held by institutional investors. Comparatively, 28.3% 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 hedge funds, endowments and large money managers believe a company is poised for long-term growth.

In the previous week, Shopify had 7 more articles in the media than BlackBerry. MarketBeat recorded 9 mentions for Shopify and 2 mentions for BlackBerry. BlackBerry's average media sentiment score of 0.29 beat Shopify's score of -0.39 indicating that BlackBerry is being referred to more favorably in the news media.

Company Overall Sentiment
Shopify Neutral
BlackBerry Neutral

Shopify currently has a consensus target price of C$206.33, suggesting a potential upside of 24.52%. BlackBerry has a consensus target price of C$12.00, suggesting a potential downside of 25.60%. Given Shopify's higher possible upside, research analysts plainly believe Shopify is more favorable than BlackBerry.

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)
1 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 10.32%. Shopify's return on equity of 10.70% beat BlackBerry's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify10.94% 10.70% 5.63%
BlackBerry 10.32%8.10%-2.15%

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ShopifyC$12.37B17.39C$1.44BC$1.02162.45
BlackBerryC$580.30M16.29-C$89.92MC$0.09179.22

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

Summary

Shopify beats BlackBerry on 12 of the 15 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 superior stock? We will contrast the two businesses based on the strength of their dividends, media sentiment, risk, institutional ownership, earnings, profitability, valuation and analyst recommendations.

Shopify has a consensus target price of C$206.33, indicating a potential upside of 24.52%. Given Shopify's stronger consensus rating and higher possible upside, analysts plainly 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 9 more articles in the media than DH. MarketBeat recorded 9 mentions for Shopify and 0 mentions for DH. DH's average media sentiment score of 0.00 beat Shopify's score of -0.39 indicating that DH is being referred to more favorably in the media.

Company Overall Sentiment
DH Neutral
Shopify Neutral

Shopify has higher revenue and earnings than DH.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
DHN/AN/AN/AN/AN/A
ShopifyC$12.37B17.39C$1.44BC$1.02162.45

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%

55.6% of Shopify shares are held by institutional investors. 0.2% of Shopify shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Summary

Shopify beats DH on 10 of the 11 factors compared between the two stocks.

Get Shopify News Delivered to You Automatically

Sign up to receive the latest news and ratings for SHOP and its competitors with MarketBeat's FREE daily newsletter.

Subscribe Now
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

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.
Skip Chart

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.
Skip Chart

SHOP vs. The Competition

MetricShopifySoftware IndustryComputer SectorTSE Exchange
Market CapC$206.21BC$4.73BC$37.89BC$12.36B
Dividend YieldN/A4.07%3.31%6.19%
P/E Ratio162.4525.9279.6535.85
Price / Sales17.39246.93623.5810.00
Price / Cash13.5217.5345.9682.29
Price / Book17.264.269.544.43
Net IncomeC$1.44BC$22.26MC$1.07BC$299.09M
7 Day Performance9.32%-1.08%-0.31%-1.14%
1 Month Performance12.36%7.89%0.18%-1.92%
1 Year Performance6.40%-11.39%155.59%38.04%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
2.7264 of 5 stars
C$165.70
+4.6%
C$206.33
+24.5%
+7.5%C$206.21BC$12.37B162.4511,600
CSU
Constellation Software
3.7569 of 5 stars
C$2,702.00
-2.5%
C$3,823.50
+41.5%
-42.8%C$57.26BC$12.15B77.0745,000
SAP
Saputo
4.3361 of 5 stars
C$40.80
-1.2%
C$46.73
+14.5%
+57.1%C$16.34BC$17.55B25.03112,000
VDY
Vanguard FTSE Canadian High Dividend Yield Index ETF
N/AC$75.82
+0.4%
N/A+46.3%C$8.41BN/AN/A790
BB
BlackBerry
1.3494 of 5 stars
C$12.46
+3.4%
N/A+150.1%C$7.30BC$549.10M138.443,320

Related Companies and Tools


This page (TSE:SHOP) was last updated on 6/27/2026 by MarketBeat.com Staff.
From Our Partners