SHOP vs. SNOW: Shopify vs. Snowflake Stock Comparison
How do Shopify (SHOP) and Snowflake (SNOW) 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
Shopify (SHOP) and Snowflake (SNOW) are both classified in the Internet Services & Infrastructure sub-industry within the broader IT Services industry, placing them in the closest GICS peer bucket.
| Profile Item | SHOP | SNOW |
|---|---|---|
| Name | Shopify Inc. | Snowflake Inc. Common Stock |
| Country/Region | Canada | United States |
| 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 | 191.58 billion USD | 97.33 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | May 20, 2015 | September 16, 2020 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | SHOP | SNOW |
|---|---|---|
| Total Return (1Y) | -0.87% | 10.92% |
| Total Return (3Y, Annualized) | 35.77% | 23.09% |
| Total Return (5Y, Annualized) | -0.57% | -5.00% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | SHOP | SNOW |
|---|---|---|
| Volatility (1Y, Annualized) | 59.71% | 67.14% |
| Beta (5Y) | 2.65 | 1.33 |
| Max Drawdown (5Y) | -84.82% | -72.99% |
| Avg. Volume (3M) | 8.79M | 4.67M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | SHOP | SNOW |
|---|---|---|
| Sharpe Ratio (1Y) | -0.09 | 0.10 |
| Sortino Ratio (1Y) | -0.12 | 0.17 |
Profitability
ROE (TTM)
Snowflake (SNOW) reports a negative ROE of -48.06%; 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.
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%
SNOW
Software & Services industry group
-48.06%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- SNOW
- -48.06%
- Min
- -50.52%
Net Margin (TTM)
Snowflake (SNOW) reports a negative net margin of -20.07%, usually indicating a net loss over the period. Meanwhile Shopify (SHOP) reports 15.01%, ranking against industry peers normally.
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%
SNOW
Software & Services industry group
-20.07%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- SNOW
- -20.07%
- Min
- -33.17%
Operating Margin (TTM)
Snowflake (SNOW) reports a negative operating margin of -17.00%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Shopify (SHOP) reports 18.39%, ranking against industry peers normally.
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%
SNOW
Software & Services industry group
-17.00%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- SNOW
- -17.00%
- Min
- -30.45%
Profitability Metrics
| Metric | SHOP | SNOW |
|---|---|---|
| ROE (TTM) | 16.83% | -48.06% |
| ROA (TTM) | 10.77% | -9.02% |
| Net Margin (TTM) | 15.01% | -20.07% |
| Operating Margin (TTM) | 18.39% | -17.00% |
| Gross Margin (TTM) | 47.49% | 67.03% |
Growth
Revenue Growth
Both Shopify (SHOP) at 30.14% and Snowflake (SNOW) at 29.16% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.
EPS Growth
Only one side can be read here: Shopify (SHOP) reports EPS growth of -39.47%, ranked against its industry; Snowflake (SNOW) has no EPS growth figure this period.
Growth Metrics
| Metric | SHOP | SNOW |
|---|---|---|
| Revenue Growth (YoY) | 30.14% | 29.16% |
| Revenue Growth (3Y CAGR) | 27.31% | 31.38% |
| 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 Snowflake (SNOW) at 0.94 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
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
SNOW
Software & Services industry group
0.94
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- SNOW
- 0.94
- Min
- 0.03
Debt / Equity (MRQ)
Shopify (SHOP) at 0.01 keeps leverage in the lower quartile, while Snowflake (SNOW) at 1.29 sits in the higher-leverage quartile.
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
SNOW
Software & Services industry group
1.29
- Max
- 2.52
- SNOW
- 1.29
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | SHOP | SNOW |
|---|---|---|
| Current Ratio (MRQ) | 4.86 | 0.94 |
| Debt / Equity (MRQ) | 0.01 | 1.29 |
| Net Debt / EBITDA | -1.75 | -- |
Dividends
Dividend Yield (TTM)
Neither Shopify (SHOP) nor Snowflake (SNOW) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
SNOW
Software & Services industry group
0.00%
- SNOW
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Shopify (SHOP) nor Snowflake (SNOW) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
SNOW
Software & Services industry group
0.00%
- SNOW
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | SHOP | SNOW |
|---|---|---|
| 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 Snowflake (SNOW) has no P/E ratio this period.
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
SNOW
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- SNOW
- --
P/S Ratio (TTM)
Both Shopify (SHOP) at 13.52 and Snowflake (SNOW) at 17.91 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
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
SNOW
Software & Services industry group
17.91
- SNOW
- 17.91
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Both look rich against book: Shopify (SHOP) at 15.02 sits in the upper P/B ratio quartile, and Snowflake (SNOW) at 45.23 prices even higher, above its industry range.
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
SNOW
Software & Services industry group
45.23
- SNOW
- 45.23
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | SHOP | SNOW |
|---|---|---|
| P/E Ratio (TTM) | 91.36 | -- |
| P/S Ratio (TTM) | 13.52 | 17.91 |
| P/B Ratio (MRQ) | 15.02 | 45.23 |
| Free Cash Flow Yield (TTM) | 0.86% | 1.79% |