NBIS vs. SHOP: Nebius vs. Shopify Stock Comparison
How do Nebius (NBIS) 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
Nebius (NBIS) and Shopify (SHOP) both fall under the Software & Services industry group, but NBIS is classified in Software while SHOP is classified in IT Services.
Shopify (SHOP) has been public since May 20, 2015, giving it a longer listed trading history, while Nebius (NBIS) listed on October 21, 2024 and still has a shorter public-market record.
| Profile Item | NBIS | SHOP |
|---|---|---|
| Name | Nebius Group N.V. Class A Ordinary Shares | Shopify Inc. |
| Country/Region | Netherlands | 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 | 35.20 billion USD | 191.58 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | October 21, 2024 | May 20, 2015 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | NBIS | SHOP |
|---|---|---|
| Total Return (1Y) | 25.86% | -0.87% |
| Total Return (3Y, Annualized) | -- | 35.77% |
| Total Return (5Y, Annualized) | -- | -0.57% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | NBIS | SHOP |
|---|---|---|
| Volatility (1Y, Annualized) | 111.62% | 59.71% |
| Beta (5Y) | 4.66 | 2.65 |
| Max Drawdown (5Y) | -58.27% | -84.82% |
| Avg. Volume (3M) | 20.58M | 8.79M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | NBIS | SHOP |
|---|---|---|
| Sharpe Ratio (1Y) | 0.19 | -0.09 |
| Sortino Ratio (1Y) | 0.31 | -0.12 |
Profitability
ROE (TTM)
Both Nebius (NBIS) at 0.60% and Shopify (SHOP) at 16.83% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
NBIS
Software & Services industry group
0.60%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- NBIS
- 0.60%
- 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)
Both Nebius (NBIS) at 3.13% 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.
NBIS
Software & Services industry group
3.13%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- NBIS
- 3.13%
- 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)
Nebius (NBIS) reports a negative operating margin of -0.22%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Shopify (SHOP) reports 18.39%, ranking against industry peers normally.
NBIS
Software & Services industry group
-0.22%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- NBIS
- -0.22%
- 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 | NBIS | SHOP |
|---|---|---|
| ROE (TTM) | 0.60% | 16.83% |
| ROA (TTM) | -1.92% | 10.77% |
| Net Margin (TTM) | 3.13% | 15.01% |
| Operating Margin (TTM) | -0.22% | 18.39% |
| Gross Margin (TTM) | 74.26% | 47.49% |
Growth
Revenue Growth
Both companies are growing quickly, but Nebius (NBIS) at 479.02% 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; Nebius (NBIS) has no EPS growth figure this period.
Growth Metrics
| Metric | NBIS | SHOP |
|---|---|---|
| Revenue Growth (YoY) | 479.02% | 30.14% |
| Revenue Growth (3Y CAGR) | 239.83% | 27.31% |
| EPS Growth (YoY) | -- | -39.47% |
| EPS Growth (3Y CAGR) | -28.68% | -- |
Financial Strength
Current Ratio (MRQ)
Both Nebius (NBIS) at 4.03 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.
NBIS
Software & Services industry group
4.03
- Max
- 5.11
- NBIS
- 4.03
- 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 Nebius (NBIS) at 0.99 runs a more typical debt-to-equity mix.
NBIS
Software & Services industry group
0.99
- Max
- 2.52
- Q3
- 1.13
- NBIS
- 0.99
- 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 | NBIS | SHOP |
|---|---|---|
| Current Ratio (MRQ) | 4.03 | 4.86 |
| Debt / Equity (MRQ) | 0.99 | 0.01 |
| Net Debt / EBITDA | 8.35 | -1.75 |
Dividends
Dividend Yield (TTM)
Neither Nebius (NBIS) nor Shopify (SHOP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
NBIS
Software & Services industry group
0.00%
- NBIS
- 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 Nebius (NBIS) nor Shopify (SHOP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
NBIS
Software & Services industry group
0.00%
- NBIS
- 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 | NBIS | SHOP |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Both Nebius (NBIS) at 101.16 and Shopify (SHOP) at 91.36 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.
NBIS
Software & Services industry group
101.16
- Max
- 112.94
- NBIS
- 101.16
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
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 Nebius (NBIS) at 25.98 prices even higher, above its industry range.
NBIS
Software & Services industry group
25.98
- NBIS
- 25.98
- 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)
Nebius (NBIS) at 3.43 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.
NBIS
Software & Services industry group
3.43
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- NBIS
- 3.43
- 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 | NBIS | SHOP |
|---|---|---|
| P/E Ratio (TTM) | 101.16 | 91.36 |
| P/S Ratio (TTM) | 25.98 | 13.52 |
| P/B Ratio (MRQ) | 3.43 | 15.02 |
| Free Cash Flow Yield (TTM) | -27.31% | 0.86% |