MSTR vs. SHOP: Strategy vs. Shopify Stock Comparison
How do Strategy (MSTR) 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
Strategy (MSTR) and Shopify (SHOP) both fall under the Software & Services industry group, but MSTR is classified in Software while SHOP is classified in IT Services.
| Profile Item | MSTR | SHOP |
|---|---|---|
| Name | Strategy Inc. | 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 | Application Software | Internet Services & Infrastructure |
| Market Capitalization | 54.57 billion USD | 191.58 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | June 11, 1998 | May 20, 2015 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | MSTR | SHOP |
|---|---|---|
| Total Return (1Y) | -48.13% | -0.87% |
| Total Return (3Y, Annualized) | 36.44% | 35.77% |
| Total Return (5Y, Annualized) | 7.87% | -0.57% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | MSTR | SHOP |
|---|---|---|
| Volatility (1Y, Annualized) | 82.34% | 59.71% |
| Beta (5Y) | 3.60 | 2.65 |
| Max Drawdown (5Y) | -84.09% | -84.82% |
| Avg. Volume (3M) | 22.35M | 8.79M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | MSTR | SHOP |
|---|---|---|
| Sharpe Ratio (1Y) | -0.64 | -0.09 |
| Sortino Ratio (1Y) | -0.97 | -0.12 |
Profitability
ROE (TTM)
Strategy (MSTR) reports a negative ROE of -21.59%; 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.
MSTR
Software & Services industry group
-21.59%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- MSTR
- -21.59%
- 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)
Both Strategy (MSTR) at 0.00% and Shopify (SHOP) at 15.01% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
MSTR
Software & Services industry group
0.00%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- MSTR
- 0.00%
- 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)
Strategy (MSTR) reports a negative operating margin of -2.07%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Shopify (SHOP) reports 18.39%, ranking against industry peers normally.
MSTR
Software & Services industry group
-2.07%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- MSTR
- -2.07%
- 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 | MSTR | SHOP |
|---|---|---|
| ROE (TTM) | -21.59% | 16.83% |
| ROA (TTM) | -4.52% | 10.77% |
| Net Margin (TTM) | 0.00% | 15.01% |
| Operating Margin (TTM) | -2.07% | 18.39% |
| Gross Margin (TTM) | 67.84% | 47.49% |
Growth
Revenue Growth
Shopify (SHOP) at 30.14% sits in the top revenue growth quartile, while Strategy (MSTR) at 2.97% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Only one side can be read here: Shopify (SHOP) reports EPS growth of -39.47%, ranked against its industry; Strategy (MSTR) has no EPS growth figure this period.
Growth Metrics
| Metric | MSTR | SHOP |
|---|---|---|
| Revenue Growth (YoY) | 2.97% | 30.14% |
| Revenue Growth (3Y CAGR) | -1.49% | 27.31% |
| EPS Growth (YoY) | -- | -39.47% |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Both Strategy (MSTR) at 4.04 and Shopify (SHOP) at 4.86 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.
MSTR
Software & Services industry group
4.04
- Max
- 5.11
- MSTR
- 4.04
- Q3
- 2.77
- 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 Strategy (MSTR) at 0.10 runs a more typical debt-to-equity mix.
MSTR
Software & Services industry group
0.10
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- MSTR
- 0.10
- 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 | MSTR | SHOP |
|---|---|---|
| Current Ratio (MRQ) | 4.04 | 4.86 |
| Debt / Equity (MRQ) | 0.10 | 0.01 |
| Net Debt / EBITDA | -- | -1.75 |
Dividends
Dividend Yield (TTM)
Neither Strategy (MSTR) nor Shopify (SHOP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
MSTR
Software & Services industry group
0.00%
- MSTR
- 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 Strategy (MSTR) nor Shopify (SHOP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
MSTR
Software & Services industry group
0.00%
- MSTR
- 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 | MSTR | 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 Strategy (MSTR) has no P/E ratio this period.
MSTR
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- MSTR
- --
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 Strategy (MSTR) at 110.23 prices even higher, above its industry range.
MSTR
Software & Services industry group
110.23
- MSTR
- 110.23
- 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)
Strategy (MSTR) at 0.98 looks cheap against book in the lower P/B ratio quartile, while Shopify (SHOP) at 15.02 carries a premium in the upper quartile — a clear price-to-book gap.
MSTR
Software & Services industry group
0.98
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- MSTR
- 0.98
- 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 | MSTR | SHOP |
|---|---|---|
| P/E Ratio (TTM) | -- | 91.36 |
| P/S Ratio (TTM) | 110.23 | 13.52 |
| P/B Ratio (MRQ) | 0.98 | 15.02 |
| Free Cash Flow Yield (TTM) | -5.94% | 0.86% |