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Shopify (SHOP) Competitors

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C$173.23 -2.53 (-1.44%)
As of 07/17/2026 04:00 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 investment? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, earnings, profitability, institutional ownership, media sentiment, valuation and risk.

54.8% of Shopify shares are held by institutional investors. Comparatively, 67.1% of Constellation Software shares are held by institutional investors. 0.2% of Shopify shares are held by insiders. Comparatively, 5.7% of Constellation Software shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers 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
Shopify10.94% 10.70% 5.63%
Constellation Software 6.08%20.79%7.87%

Shopify presently has a consensus target price of C$206.33, suggesting a potential upside of 19.11%. Constellation Software has a consensus target price of C$3,823.50, suggesting a potential upside of 36.52%. Given Constellation Software's stronger consensus rating and higher possible upside, analysts clearly believe Constellation Software is more favorable than Shopify.

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

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$12.37B18.18C$1.44BC$1.02169.83
Constellation SoftwareC$12.15B4.88C$453.54MC$35.0679.88

Shopify has a beta of 2.277909, suggesting that its share price is 128% more volatile than the broader market. Comparatively, Constellation Software has a beta of 0.586085, suggesting that its share price is 41% less volatile than the broader market.

In the previous week, Constellation Software had 3 more articles in the media than Shopify. MarketBeat recorded 3 mentions for Constellation Software and 0 mentions for Shopify. Constellation Software's average media sentiment score of 0.70 beat Shopify's score of 0.00 indicating that Constellation Software is being referred to more favorably in the news media.

Company Overall Sentiment
Shopify Neutral
Constellation Software Positive

Summary

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

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$12.37B18.18C$1.44BC$1.02169.83
SaputoC$17.55B0.97-C$157.06MC$1.6326.13

Shopify currently has a consensus price target of C$206.33, indicating a potential upside of 19.11%. Saputo has a consensus price target of C$46.73, indicating a potential upside of 9.71%. Given Shopify's higher possible upside, 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)
7 Buy rating(s)
1 Strong Buy rating(s)
2.90

Shopify has a beta of 2.277909, meaning that its stock price is 128% more volatile than the broader market. Comparatively, Saputo has a beta of 0.139357, meaning that its stock price is 86% less volatile than the broader market.

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
Shopify10.94% 10.70% 5.63%
Saputo 3.65%9.98%4.11%

54.8% of Shopify shares are held by institutional investors. Comparatively, 24.9% of Saputo shares are held by institutional investors. 0.2% of Shopify shares are held by company insiders. Comparatively, 40.5% of Saputo 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, Saputo had 4 more articles in the media than Shopify. MarketBeat recorded 4 mentions for Saputo and 0 mentions for Shopify. Saputo's average media sentiment score of 0.37 beat Shopify's score of 0.00 indicating that Saputo is being referred to more favorably in the news media.

Company Overall Sentiment
Shopify Neutral
Saputo Neutral

Summary

Shopify beats Saputo on 9 of the 17 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 compare the two businesses based on the strength of their earnings, institutional ownership, dividends, valuation, analyst recommendations, profitability, media sentiment and risk.

In the previous week, BlackBerry had 2 more articles in the media than Shopify. MarketBeat recorded 2 mentions for BlackBerry and 0 mentions for Shopify. Shopify's average media sentiment score of 0.00 beat BlackBerry's score of -0.66 indicating that Shopify is being referred to more favorably in the news media.

Company Overall Sentiment
BlackBerry Negative
Shopify Neutral

BlackBerry presently has a consensus target price of C$12.00, indicating a potential downside of 4.76%. Shopify has a consensus target price of C$206.33, indicating a potential upside of 19.11%. Given Shopify's 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)
1 Buy rating(s)
0 Strong Buy rating(s)
2.50
Shopify
0 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.50

BlackBerry has a beta of 1.162949, suggesting that its stock price is 16% more volatile than the broader market. Comparatively, Shopify has a beta of 2.277909, suggesting that its stock price is 128% more volatile than the broader market.

31.9% of BlackBerry shares are held by institutional investors. Comparatively, 54.8% of Shopify shares are held by institutional investors. 1.7% of BlackBerry shares are held by company insiders. Comparatively, 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 company will outperform the market over the long term.

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
BlackBerry10.32% 8.10% -2.15%
Shopify 10.94%10.70%5.63%

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$580.30M12.73-C$89.92MC$0.10126.00
ShopifyC$12.37B18.18C$1.44BC$1.02169.83

Summary

Shopify beats BlackBerry on 13 of the 15 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 better investment? We will contrast the two companies based on the strength of their earnings, institutional ownership, valuation, profitability, risk, analyst recommendations, dividends and media sentiment.

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%

54.8% of Shopify shares are owned by institutional investors. 0.2% of Shopify 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 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$12.37B18.18C$1.44BC$1.02169.83

Vanguard FTSE Canadian High Dividend Yield Index ETF has a beta of 0.57, suggesting that its share price is 43% less volatile than the broader market. Comparatively, Shopify has a beta of 2.277909, suggesting that its share price is 128% more volatile than the broader market.

Shopify has a consensus price target of C$206.33, indicating a potential upside of 19.11%. Given Shopify's stronger consensus rating and higher possible 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, Vanguard FTSE Canadian High Dividend Yield Index ETF had 1 more articles in the media than Shopify. MarketBeat recorded 1 mentions for Vanguard FTSE Canadian High Dividend Yield Index ETF and 0 mentions for Shopify. Vanguard FTSE Canadian High Dividend Yield Index ETF's average media sentiment score of 0.00 equaled Shopify'saverage media sentiment score.

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

Summary

Shopify beats Vanguard FTSE Canadian High Dividend Yield Index ETF on 10 of the 11 factors compared between the two stocks.

How does Shopify compare to DH?

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

54.8% of Shopify shares are owned by institutional investors. 0.2% of Shopify shares are owned by company insiders. 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 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
Shopify10.94% 10.70% 5.63%
DH N/A N/A N/A

Shopify presently has a consensus price target of C$206.33, suggesting a potential upside of 19.11%. Given Shopify's stronger consensus rating and higher probable upside, equities analysts plainly believe Shopify is more favorable than DH.

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
DH
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

Shopify has higher revenue and earnings than DH.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ShopifyC$12.37B18.18C$1.44BC$1.02169.83
DHN/AN/AN/AN/AN/A

In the previous week, Shopify's average media sentiment score of 0.00 equaled DH'saverage media sentiment score.

Company Overall Sentiment
Shopify Neutral
DH Neutral

Summary

Shopify beats DH on 9 of the 9 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$227.63BC$5.01BC$37.72BC$12.49B
Dividend YieldN/A4.05%3.15%6.16%
P/E Ratio169.8326.77169.2536.33
Price / Sales18.18241.50591.179.28
Price / Cash13.5217.3844.5382.29
Price / Book18.054.269.284.39
Net IncomeC$1.44BC$22.26MC$1.07BC$299.09M
7 Day Performance-0.16%-0.36%-2.08%-1.18%
1 Month Performance14.28%0.25%-2.70%-1.19%
1 Year Performance-0.65%-13.37%135.17%30.32%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
1.4147 of 5 stars
C$173.23
-1.4%
C$206.33
+19.1%
-0.6%C$227.63BC$12.37B169.8311,600
CSU
Constellation Software
3.4727 of 5 stars
C$2,855.53
+1.9%
C$3,823.50
+33.9%
-43.8%C$60.51BC$12.15B81.4545,000
SAP
Saputo
4.3847 of 5 stars
C$41.45
-0.2%
C$46.73
+12.7%
+49.5%C$16.60BC$17.55B25.43112,000
BB
BlackBerry
1.1691 of 5 stars
C$15.17
-2.4%
C$12.00
-20.9%
+134.6%C$8.89BC$580.30M151.703,320
VDY
Vanguard FTSE Canadian High Dividend Yield Index ETF
N/AC$77.87
+0.5%
N/A+49.4%C$8.80BN/AN/A790

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This page (TSE:SHOP) was last updated on 7/19/2026 by MarketBeat.com Staff.
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