CRM vs SHOP
Salesforce, Inc. and Shopify Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | CRM | SHOP |
|---|---|---|
| Revenue | $41.5B | $11.6B |
| Net income | $7.5B | $1.2B |
| Gross margin | 77.7% | 48.1% |
| Net margin | 18.0% | 10.7% |
| Return on equity | 12.4% | 9.8% |
| Diluted EPS | $7.80 | — |
| Dividend / share | — | — |
| Payout ratio | 21.3% | — |
| Free cash flow | $14.4B | $2.0B |
| Equity | $59.1B | $13.5B |
| Net debt / equity | 0.12× | — |
| Current ratio | 0.76× | 5.96× |
| Revenue CAGR 5y | 14.3% | 31.6% |
| Profit CAGR 5y | 12.9% | 31.0% |
CRM bills 3.6× the revenue of SHOP, and keeps more of each dollar of revenue as profit (18.0% against 10.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | CRM | SHOP |
|---|---|---|
| FY2025 | $41.5B | $11.6B |
| FY2024 | $37.9B | $8.9B |
| FY2023 | $34.9B | $7.1B |
| FY2022 | $31.4B | $5.6B |
| FY2021 | $26.5B | $4.6B |
| FY2020 | $21.3B | $2.9B |
| FY2019 | $17.1B | $1.6B |
| FY2018 | $13.3B | $1.1B |
| FY2017 | $10.5B | $673.3M |
| FY2016 | $8.4B | $389.3M |
Net income by year
Bottom line
| Fiscal year | CRM | SHOP |
|---|---|---|
| FY2025 | $7.5B | $1.2B |
| FY2024 | $6.2B | $2.0B |
| FY2023 | $4.1B | $132.0M |
| FY2022 | $208.0M | $-3.5B |
| FY2021 | $1.4B | $2.9B |
| FY2020 | $4.1B | $319.5M |
| FY2019 | $126.0M | $-124.8M |
| FY2018 | $1.1B | $-64.6M |
| FY2017 | $360.0M | $-40.0M |
| FY2016 | $323.0M | $-35.4M |
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