Shopify Inc. SHOP.TO TSX

Shopify Inc. (SHOP.TO) generated $2.07B in operating cash flow for fiscal year 2025. After capital expenditures of $26.46M, free cash flow was $2.04B.

Free cash flow margin was 17.4% of revenue. Cash conversion ratio was 1.65x, indicating earnings are backed by cash.

Criteria supported by this page:

• HEALTH (100/100, Pass) — demonstrate the company can comfortably service its debt
• MOAT (79/100, Pass) — $2.04B (17.4% FCF margin) supports a durable competitive advantage
• INCOME (55/100) — Cash conversion ratio was 1.65x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 68/100 with 3/7 criteria passed.