CRWV vs. SHOP: CoreWeave vs. Shopify Stock Comparison
How do CoreWeave (CRWV) and Shopify (SHOP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
CoreWeave (CRWV) and Shopify (SHOP) are both classified in the Internet Services & Infrastructure sub-industry within the broader IT Services industry, placing them in the closest GICS peer bucket.
Shopify (SHOP) has been public since May 20, 2015, giving it a longer listed trading history, while CoreWeave (CRWV) listed on March 28, 2025 and still has a shorter public-market record.
| Profile Item | CRWV | SHOP |
|---|---|---|
| Name | CoreWeave Inc. Class A Common Stock | Shopify Inc. |
| Country/Region | United States | Canada |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | IT Services | IT Services |
| GICS Sub-Industry | Internet Services & Infrastructure | Internet Services & Infrastructure |
| Market Capitalization | 25.59 billion USD | 191.58 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | March 28, 2025 | May 20, 2015 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CRWV | SHOP |
|---|---|---|
| Total Return (1Y) | -52.69% | -0.87% |
| Total Return (3Y, Annualized) | -- | 35.77% |
| Total Return (5Y, Annualized) | -- | -0.57% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CRWV | SHOP |
|---|---|---|
| Volatility (1Y, Annualized) | 98.61% | 59.71% |
| Beta (5Y) | 7.43 | 2.65 |
| Max Drawdown (5Y) | -76.22% | -84.82% |
| Avg. Volume (3M) | 40.98M | 8.79M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CRWV | SHOP |
|---|---|---|
| Sharpe Ratio (1Y) | -0.58 | -0.09 |
| Sortino Ratio (1Y) | -0.86 | -0.12 |
Profitability
ROE (TTM)
CoreWeave (CRWV) reports a negative ROE of -43.60%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Shopify (SHOP) reports 16.83%, ranking against industry peers normally.
CRWV
Software & Services industry group
-43.60%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- CRWV
- -43.60%
- Min
- -50.52%
SHOP
Software & Services industry group
16.83%
- Max
- 53.85%
- Q3
- 17.90%
- SHOP
- 16.83%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
CoreWeave (CRWV) reports a negative net margin of -25.40%, usually indicating a net loss over the period. Meanwhile Shopify (SHOP) reports 15.01%, ranking against industry peers normally.
CRWV
Software & Services industry group
-25.40%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- CRWV
- -25.40%
- Min
- -33.17%
SHOP
Software & Services industry group
15.01%
- Max
- 41.17%
- Q3
- 15.28%
- SHOP
- 15.01%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
CoreWeave (CRWV) reports a negative operating margin of -1.90%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Shopify (SHOP) reports 18.39%, ranking against industry peers normally.
CRWV
Software & Services industry group
-1.90%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- CRWV
- -1.90%
- Q1
- -2.13%
- Min
- -30.45%
SHOP
Software & Services industry group
18.39%
- Max
- 46.89%
- SHOP
- 18.39%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | CRWV | SHOP |
|---|---|---|
| ROE (TTM) | -43.60% | 16.83% |
| ROA (TTM) | -0.24% | 10.77% |
| Net Margin (TTM) | -25.40% | 15.01% |
| Operating Margin (TTM) | -1.90% | 18.39% |
| Gross Margin (TTM) | 67.42% | 47.49% |
Growth
Revenue Growth
Both companies are growing quickly, but CoreWeave (CRWV) at 167.94% is the standout with revenue growth above its industry range; Shopify (SHOP) at 30.14% also sits in the top quartile.
EPS Growth
Only one side can be read here: Shopify (SHOP) reports EPS growth of -39.47%, ranked against its industry; CoreWeave (CRWV) has no EPS growth figure this period.
Growth Metrics
| Metric | CRWV | SHOP |
|---|---|---|
| Revenue Growth (YoY) | 167.94% | 30.14% |
| Revenue Growth (3Y CAGR) | 586.92% | 27.31% |
| EPS Growth (YoY) | -- | -39.47% |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Shopify (SHOP) at 4.86 carries current ratio above its industry’s typical mid-range, while CoreWeave (CRWV) at 0.46 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
CRWV
Software & Services industry group
0.46
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- CRWV
- 0.46
- Min
- 0.03
SHOP
Software & Services industry group
4.86
- Max
- 5.11
- SHOP
- 4.86
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Shopify (SHOP) at 0.01 keeps leverage in the lower quartile, while CoreWeave (CRWV) at 10.27 is above its industry debt-to-equity ratio range.
CRWV
Software & Services industry group
10.27
- CRWV
- 10.27
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
SHOP
Software & Services industry group
0.01
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- SHOP
- 0.01
- Min
- 0.00
Financial Strength Metrics
| Metric | CRWV | SHOP |
|---|---|---|
| Current Ratio (MRQ) | 0.46 | 4.86 |
| Debt / Equity (MRQ) | 10.27 | 0.01 |
| Net Debt / EBITDA | 12.16 | -1.75 |
Dividends
Dividend Yield (TTM)
Neither CoreWeave (CRWV) nor Shopify (SHOP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRWV
Software & Services industry group
0.00%
- CRWV
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SHOP
Software & Services industry group
0.00%
- SHOP
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither CoreWeave (CRWV) nor Shopify (SHOP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRWV
Software & Services industry group
0.00%
- CRWV
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SHOP
Software & Services industry group
0.00%
- SHOP
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CRWV | SHOP |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: Shopify (SHOP) trades at 91.36 times trailing earnings, ranked against its peers, while CoreWeave (CRWV) has no P/E ratio this period.
CRWV
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- CRWV
- --
SHOP
Software & Services industry group
91.36
- Max
- 112.94
- SHOP
- 91.36
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
CoreWeave (CRWV) at 3.37 is priced about in line with its industry on P/S ratio, while Shopify (SHOP) at 13.52 sits in the pricier quartile — SHOP costs more per dollar of sales.
CRWV
Software & Services industry group
3.37
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- CRWV
- 3.37
- Q1
- 2.23
- Min
- 0.02
SHOP
Software & Services industry group
13.52
- Max
- 17.91
- SHOP
- 13.52
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
CoreWeave (CRWV) at 5.09 is valued about in line with its industry on P/B ratio, while Shopify (SHOP) at 15.02 carries an above-peer premium to book — SHOP is pricier on assets.
CRWV
Software & Services industry group
5.09
- Max
- 16.63
- Q3
- 8.50
- CRWV
- 5.09
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
SHOP
Software & Services industry group
15.02
- Max
- 16.63
- SHOP
- 15.02
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | CRWV | SHOP |
|---|---|---|
| P/E Ratio (TTM) | -- | 91.36 |
| P/S Ratio (TTM) | 3.37 | 13.52 |
| P/B Ratio (MRQ) | 5.09 | 15.02 |
| Free Cash Flow Yield (TTM) | -35.51% | 0.86% |