FROG vs. SHOP: JFrog vs. Shopify Stock Comparison
How do JFrog (FROG) 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
JFrog (FROG) and Shopify (SHOP) both fall under the Software & Services industry group, but FROG is classified in Software while SHOP is classified in IT Services.
| Profile Item | FROG | SHOP |
|---|---|---|
| Name | JFrog Ltd. | Shopify Inc. |
| Country/Region | United States | Canada |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | IT Services |
| GICS Sub-Industry | Systems Software | Internet Services & Infrastructure |
| Market Capitalization | 12.45 billion USD | 191.58 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | September 16, 2020 | May 20, 2015 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FROG | SHOP |
|---|---|---|
| Total Return (1Y) | 77.72% | -0.87% |
| Total Return (3Y, Annualized) | 60.36% | 35.77% |
| Total Return (5Y, Annualized) | 22.50% | -0.57% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Shopify (SHOP) carries a highly aggressive beta of 2.65, indicating much higher sensitivity to broad-market moves, whereas JFrog (FROG) is closer to market-like at 1.26 — a noticeable difference in market-sensitivity profile.
| Metric | FROG | SHOP |
|---|---|---|
| Volatility (1Y, Annualized) | 80.78% | 59.71% |
| Beta (5Y) | 1.26 | 2.65 |
| Max Drawdown (5Y) | -56.17% | -84.82% |
| Avg. Volume (3M) | 1.95M | 8.79M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FROG | SHOP |
|---|---|---|
| Sharpe Ratio (1Y) | 0.91 | -0.09 |
| Sortino Ratio (1Y) | 1.48 | -0.12 |
Profitability
ROE (TTM)
JFrog (FROG) reports a negative ROE of -2.26%; 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.
FROG
Software & Services industry group
-2.26%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- FROG
- -2.26%
- Q1
- -9.59%
- 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)
JFrog (FROG) reports a negative net margin of -3.28%, usually indicating a net loss over the period. Meanwhile Shopify (SHOP) reports 15.01%, ranking against industry peers normally.
FROG
Software & Services industry group
-3.28%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- FROG
- -3.28%
- Q1
- -5.42%
- 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)
JFrog (FROG) reports a negative operating margin of -0.27%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Shopify (SHOP) reports 18.39%, ranking against industry peers normally.
FROG
Software & Services industry group
-0.27%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- FROG
- -0.27%
- 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 | FROG | SHOP |
|---|---|---|
| ROE (TTM) | -2.26% | 16.83% |
| ROA (TTM) | -1.85% | 10.77% |
| Net Margin (TTM) | -3.28% | 15.01% |
| Operating Margin (TTM) | -0.27% | 18.39% |
| Gross Margin (TTM) | 78.44% | 47.49% |
Growth
Revenue Growth
Shopify (SHOP) at 30.14% sits in the top revenue growth quartile, while JFrog (FROG) at 24.12% is closer to the peer norm — faster top-line expansion for SHOP.
EPS Growth
Only one side can be read here: Shopify (SHOP) reports EPS growth of -39.47%, ranked against its industry; JFrog (FROG) has no EPS growth figure this period.
Growth Metrics
| Metric | FROG | SHOP |
|---|---|---|
| Revenue Growth (YoY) | 24.12% | 30.14% |
| Revenue Growth (3Y CAGR) | 23.84% | 27.31% |
| EPS Growth (YoY) | -- | -39.47% |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
JFrog (FROG) at 2.15 keeps current ratio within its industry’s typical mid-range, while Shopify (SHOP) at 4.86 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
FROG
Software & Services industry group
2.15
- Max
- 5.11
- Q3
- 2.77
- FROG
- 2.15
- Median
- 1.67
- Q1
- 1.01
- 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 industry quartile, while JFrog (FROG) at 0.11 runs a more typical debt-to-equity mix.
FROG
Software & Services industry group
0.11
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- FROG
- 0.11
- 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 | FROG | SHOP |
|---|---|---|
| Current Ratio (MRQ) | 2.15 | 4.86 |
| Debt / Equity (MRQ) | 0.11 | 0.01 |
| Net Debt / EBITDA | -- | -1.75 |
Dividends
Dividend Yield (TTM)
Neither JFrog (FROG) nor Shopify (SHOP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
FROG
Software & Services industry group
0.00%
- FROG
- 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 JFrog (FROG) nor Shopify (SHOP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
FROG
Software & Services industry group
0.00%
- FROG
- 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 | FROG | 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 JFrog (FROG) has no P/E ratio this period.
FROG
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- FROG
- --
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)
Both look expensive on sales: Shopify (SHOP) at 13.52 sits in the upper P/S ratio quartile, and JFrog (FROG) at 19.39 prices even higher, above its industry range.
FROG
Software & Services industry group
19.39
- FROG
- 19.39
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- 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)
Both JFrog (FROG) at 12.37 and Shopify (SHOP) at 15.02 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
FROG
Software & Services industry group
12.37
- Max
- 16.63
- FROG
- 12.37
- Q3
- 8.50
- 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 | FROG | SHOP |
|---|---|---|
| P/E Ratio (TTM) | -- | 91.36 |
| P/S Ratio (TTM) | 19.39 | 13.52 |
| P/B Ratio (MRQ) | 12.37 | 15.02 |
| Free Cash Flow Yield (TTM) | 1.85% | 0.86% |