Head to head · SEC data as of September 11, 2026

Shopify vs Amazon: which has the stronger fundamentals?

Shopify

88

Quality score · out of 100

Amazon

81

Quality score · out of 100

Shopify comes in ahead: a quality score of 88 versus 81 for Amazon. Shopify wins on cash generation (FCF) (17.7% vs -2.2%), revenue growth (31.6% vs 13.5%) and less debt (-0.88× vs 0.31×). Amazon answers with net margin (18.3% vs 14.5%) and ROE (25.8% vs 15.2%).

The metrics, head to head

MetricShopifyAmazon
Quality score (0-100)8881
Net margin14.5%18.3%
Gross margin47.8%
ROE15.2%25.8%
Net debt/EBITDA-0.88×0.31×
FCF margin17.7%-2.2%
Revenue growth (annualized)31.6%13.5%
Earnings growth (annualized)38.7%38.3%

TTM metrics with official SEC data, refreshed daily. Bold green marks the winner of each metric. A dash means the metric doesn't apply or isn't reliable.

What each one does

Shopify. Shopify is the platform millions of merchants use to run their online store: website, payments, shipping and financing in one place. It charges subscriptions and, above all, a small cut of each merchant sale — so it grows when they sell more.

Amazon. Amazon dominates e-commerce, but its profit comes mainly from AWS, the world's largest cloud-computing provider. It rounds out the business with advertising and its Prime subscription.

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What this comparison doesn't tell you

The score measures business quality, not whether the stock is cheap or expensive: the better company can be the worse investment if you overpay. For the valuation verdict, enter each one's current price in the analyzer:

Analyze Shopify →Analyze Amazon →

Frequently asked questions

Who has the stronger fundamentals today, Shopify or Amazon?

By the StockSemáforo model (profitability, growth and financial strength, built on official SEC data), Shopify scores higher: 88 versus 81 out of 100. The score is recomputed nightly with the latest filings.

Does that make Shopify the better investment?

No. The score measures business quality, not valuation: an excellent company can trade at an excessive price and be a poor investment at that price. To find out whether it's cheap or expensive, enter its current quote in the StockSemáforo analyzer.

Who's behind the methodology and model · how the score is computed

Data: official SEC filings (EDGAR) · Recomputed on September 11, 2026

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