MSFT vs SHOP
Microsoft Corp. and Shopify Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MSFT | SHOP |
|---|---|---|
| Revenue | $331.8B | $11.6B |
| Net income | $133.7B | $1.2B |
| Gross margin | 67.9% | 48.1% |
| Net margin | 40.3% | 10.7% |
| Return on equity | 34.0% | 9.8% |
| Diluted EPS | $17.95 | $0.94 |
| Dividend / share | $3.64 | · |
| Payout ratio | 19.8% | · |
| Free cash flow | $67.0B | $2.0B |
| Equity | $442.4B | $13.5B |
| Net debt / equity | 0.04× | · |
| Current ratio | 1.23× | 5.96× |
| Revenue CAGR 5y | 14.6% | 31.6% |
| Profit CAGR 5y | 16.9% | 31.0% |
MSFT bills 28.7× the revenue of SHOP, and keeps more of each dollar of revenue as profit (40.3% 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. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MSFT | SHOP |
|---|---|---|
| FY2025 | $331.8B | $11.6B |
| FY2024 | $281.7B | $8.9B |
| FY2023 | $245.1B | $7.1B |
| FY2022 | $211.9B | $5.6B |
| FY2021 | $198.3B | $4.6B |
| FY2020 | $168.1B | $2.9B |
| FY2019 | $143.0B | $1.6B |
| FY2018 | $125.8B | $1.1B |
| FY2017 | $110.4B | $673.3M |
| FY2016 | $96.6B | $389.3M |
Bottom line
| Fiscal year | MSFT | SHOP |
|---|---|---|
| FY2025 | $133.7B | $1.2B |
| FY2024 | $101.8B | $2.0B |
| FY2023 | $88.1B | $132.0M |
| FY2022 | $72.4B | $-3.5B |
| FY2021 | $72.7B | $2.9B |
| FY2020 | $61.3B | $319.5M |
| FY2019 | $44.3B | $-124.8M |
| FY2018 | $39.2B | $-64.6M |
| FY2017 | $16.6B | $-40.0M |
| FY2016 | $25.5B | $-35.4M |
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$320,283,000,000 | MSFT |
| FY2024 | +$272,844,000,000 | MSFT |
| FY2023 | +$238,062,000,000 | MSFT |
| FY2022 | +$206,315,000,000 | MSFT |
| FY2021 | +$193,658,144,000 | MSFT |
| FY2020 | +$165,158,509,000 | MSFT |
| FY2019 | +$141,436,827,000 | MSFT |
| FY2018 | +$124,769,771,000 | MSFT |
| FY2017 | +$109,686,696,000 | MSFT |
| FY2016 | +$96,181,670,000 | MSFT |
| FY2015 | +$90,948,767,000 | MSFT |
| FY2014 | +$93,474,982,000 | MSFT |
| FY2013 | +$86,782,748,000 | MSFT |
MSFT has reported the higher revenue in every one of these 13 fiscal years. The gap has widened since the earliest year compared.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +29.7 pp | MSFT |
| FY2024 | +13.4 pp | MSFT |
| FY2023 | +34.1 pp | MSFT |
| FY2022 | +95.9 pp | MSFT |
| FY2021 | −26.5 pp | SHOP |
| FY2020 | +25.5 pp | MSFT |
| FY2019 | +38.9 pp | MSFT |
| FY2018 | +37.2 pp | MSFT |
| FY2017 | +21.0 pp | MSFT |
| FY2016 | +35.5 pp | MSFT |
| FY2015 | +31.7 pp | MSFT |
| FY2014 | +34.3 pp | MSFT |
| FY2013 | +35.0 pp | MSFT |
The higher net margin has changed hands between MSFT and SHOP over this period.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SHOP's net margin has been more volatile than MSFT's over the 13 comparable fiscal years — 26.9 percentage points of standard deviation against 8.3.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MSFT and SHOP over these 13 fiscal years — MSFT led in 12 and SHOP in 1.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SHOP's return on equity has been more volatile than MSFT's over the 13 comparable fiscal years — 17.7 percentage points of standard deviation against 9.8.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MSFT led in return on equity in every one of the 13 comparable fiscal years — a structural lead, not a recent swing.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.