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Shopify (SHOP) Competitors

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C$211.37 +4.95 (+2.40%)
As of 08/7/2026 04:00 PM Eastern

SHOP vs. TC, SHO, GIB.A, CTS, and SUM

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 Tucows (TC), Shopify (SHO), CGI (GIB.A), Converge Technology Solutions (CTS), and Solium Capital (SUM). These companies are all part of the "it services" industry.

How does Shopify compare to Tucows?

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

54.7% of Shopify shares are held by institutional investors. Comparatively, 32.7% of Tucows shares are held by institutional investors. 0.2% of Shopify shares are held by insiders. Comparatively, 8.3% of Tucows shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Shopify currently has a consensus price target of C$198.00, indicating a potential downside of 6.33%. Given Shopify's stronger consensus rating and higher possible upside, equities analysts clearly believe Shopify is more favorable than Tucows.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shopify
0 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.75
Tucows
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

Shopify has a net margin of 10.94% compared to Tucows' net margin of -20.08%. Tucows' return on equity of 51.57% beat Shopify's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify10.94% 10.70% 5.63%
Tucows -20.08%51.57%-4.34%

In the previous week, Shopify had 6 more articles in the media than Tucows. MarketBeat recorded 7 mentions for Shopify and 1 mentions for Tucows. Shopify's average media sentiment score of 0.73 beat Tucows' score of 0.31 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)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Tucows
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Shopify has higher revenue and earnings than Tucows. Tucows 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$13.27B20.50C$1.44BC$1.48142.82
TucowsC$392.35M0.62-C$64.10M-C$7.11N/A

Shopify has a beta of 2.277608, meaning that its share price is 128% more volatile than the broader market. Comparatively, Tucows has a beta of 1.857461, meaning that its share price is 86% more volatile than the broader market.

Summary

Shopify beats Tucows on 14 of the 16 factors compared between the two stocks.

How does Shopify compare to Shopify?

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

54.7% of Shopify shares are held by institutional investors. 0.2% of Shopify shares are held 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 consensus target price of C$198.00, suggesting a potential downside of 6.33%. Given Shopify's stronger consensus rating and higher probable upside, analysts plainly believe Shopify is more favorable than Shopify.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shopify
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
12 Strong Buy rating(s)
3.56
Shopify
0 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.75

Shopify has higher revenue and earnings than Shopify.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ShopifyN/AN/AN/AN/AN/A
ShopifyC$13.27B20.50C$1.44BC$1.48142.82

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

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

In the previous week, Shopify had 1 more articles in the media than Shopify. MarketBeat recorded 8 mentions for Shopify and 7 mentions for Shopify. Shopify's average media sentiment score of 0.73 beat Shopify's score of 0.36 indicating that Shopify is being referred to more favorably in the news media.

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

Summary

Shopify beats Shopify on 8 of the 12 factors compared between the two stocks.

How does Shopify compare to CGI?

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

Shopify currently has a consensus price target of C$198.00, suggesting a potential downside of 6.33%. CGI has a consensus price target of C$124.23, suggesting a potential upside of 19.02%. Given CGI's higher probable upside, analysts plainly believe CGI is more favorable than Shopify.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shopify
0 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.75
CGI
0 Sell rating(s)
5 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.58

54.7% of Shopify shares are owned by institutional investors. Comparatively, 36.4% of CGI shares are owned by institutional investors. 0.2% of Shopify shares are owned by company insiders. Comparatively, 0.8% of CGI shares are owned by company 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 beta of 2.277608, meaning that its stock price is 128% more volatile than the broader market. Comparatively, CGI has a beta of 0.143896, meaning that its stock price is 86% less volatile than the broader market.

CGI has higher revenue and earnings than Shopify. CGI 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$13.27B20.50C$1.44BC$1.48142.82
CGIC$16.44B1.31C$1.67BC$8.0512.97

CGI has a net margin of 11.51% compared to Shopify's net margin of 10.94%. CGI's return on equity of 19.51% beat Shopify's return on equity.

Company Net Margins Return on Equity Return on Assets
Shopify10.94% 10.70% 5.63%
CGI 11.51%19.51%9.35%

In the previous week, Shopify had 5 more articles in the media than CGI. MarketBeat recorded 7 mentions for Shopify and 2 mentions for CGI. Shopify's average media sentiment score of 0.73 beat CGI's score of 0.51 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)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
CGI
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

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

How does Shopify compare to Converge Technology Solutions?

Converge Technology Solutions (TSE:CTS) and Shopify (TSE:SHOP) are both technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, earnings, valuation, risk, institutional ownership, dividends, analyst recommendations and media sentiment.

Shopify has a consensus target price of C$198.00, suggesting a potential downside of 6.33%. Given Converge Technology Solutions' higher possible upside, equities analysts clearly believe Converge Technology Solutions is more favorable than Shopify.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Converge Technology Solutions
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Shopify
0 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.75

Converge Technology Solutions has a beta of 1.81, meaning that its stock price is 81% more volatile than the broader market. Comparatively, Shopify has a beta of 2.277608, meaning that its stock price is 128% more volatile than the broader market.

Shopify has higher revenue and earnings than Converge Technology Solutions. Converge Technology Solutions 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
Converge Technology SolutionsC$2.48B0.00-C$157.26M-C$0.83N/A
ShopifyC$13.27B20.50C$1.44BC$1.48142.82

Shopify has a net margin of 10.94% compared to Converge Technology Solutions' net margin of -6.86%. Shopify's return on equity of 10.70% beat Converge Technology Solutions' return on equity.

Company Net Margins Return on Equity Return on Assets
Converge Technology Solutions-6.86% -37.61% 1.62%
Shopify 10.94%10.70%5.63%

In the previous week, Shopify had 7 more articles in the media than Converge Technology Solutions. MarketBeat recorded 7 mentions for Shopify and 0 mentions for Converge Technology Solutions. Shopify's average media sentiment score of 0.73 beat Converge Technology Solutions' score of 0.00 indicating that Shopify is being referred to more favorably in the news media.

Company Overall Sentiment
Converge Technology Solutions Neutral
Shopify Positive

33.3% of Converge Technology Solutions shares are held by institutional investors. Comparatively, 54.7% of Shopify shares are held by institutional investors. 6.0% of Converge Technology Solutions shares are held by insiders. Comparatively, 0.2% of Shopify shares are held 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.

Summary

Shopify beats Converge Technology Solutions on 13 of the 15 factors compared between the two stocks.

How does Shopify compare to Solium Capital?

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

54.7% 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 hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Shopify has higher revenue and earnings than Solium Capital. Solium Capital 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
Solium CapitalC$108.34M0.00C$4.87MC$0.09N/A
ShopifyC$13.27B20.50C$1.44BC$1.48142.82

Shopify has a consensus price target of C$198.00, suggesting a potential downside of 6.33%. Given Solium Capital's higher possible upside, equities research analysts plainly believe Solium Capital is more favorable than Shopify.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Solium Capital
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Shopify
0 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.75

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

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

In the previous week, Shopify had 7 more articles in the media than Solium Capital. MarketBeat recorded 7 mentions for Shopify and 0 mentions for Solium Capital. Shopify's average media sentiment score of 0.73 beat Solium Capital's score of 0.00 indicating that Shopify is being referred to more favorably in the news media.

Company Overall Sentiment
Solium Capital Neutral
Shopify Positive

Summary

Shopify beats Solium Capital on 12 of the 14 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

MetricShopifyIT Services IndustryTechnology SectorTSE Exchange
Market CapC$273.31BC$11.22BC$30.08BC$12.76B
Dividend YieldN/A2.79%2.73%6.20%
P/E Ratio142.8214.5275.9334.79
Price / Sales20.5068.03601.709.83
Price / Cash13.5243.5051.5082.29
Price / Book22.0224.539.284.56
Net IncomeC$1.44BC$273.10MC$661.55MC$299.09M
7 Day Performance28.74%3.62%4.84%3.87%
1 Month Performance21.16%-0.02%-0.13%2.81%
1 Year Performance2.70%33.71%203.19%35.83%

Shopify Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHOP
Shopify
1.429 of 5 stars
C$211.37
+2.4%
C$198.00
-6.3%
+2.7%C$273.31BC$13.27B142.8211,600
TC
Tucows
N/AC$20.97
+5.6%
N/A-20.3%C$233.80MC$392.35MN/A620
SHO
Shopify
N/AN/AN/AN/AC$0.00N/AN/A40
GIB.A
CGI
2.5773 of 5 stars
C$103.68
-0.3%
C$124.23
+19.8%
-20.9%C$21.47BC$16.44B12.8890,000
CTS
Converge Technology Solutions
N/AN/AN/AN/AC$1.13BC$2.48BN/A4,210

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This page (TSE:SHOP) was last updated on 8/9/2026 by MarketBeat.com Staff.
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