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Peer Cluster · Structural similarity

Companies with a Similar Profile to Shopify Inc.

8 companies structurally similar to Shopify Inc. (SHOP) — identified by peer analysis across revenue dynamics, margin profile, capital efficiency and growth patterns. Not based on sector labels alone.

Updated 2026-04-05 · SHOP full analysis →

Companies similar to Shopify Inc. cluster around comparable structural characteristics, with the strongest visible overlap typically appearing in growth. Examples in this group include Palo Alto Networks, Inc., Workday, Inc., Samsara Inc..

Reference company
SHOP
Shopify Inc.
Peer score: 34
Dimension scores
Growth
50
Quality
45
Valuation
17
Stability
27
Functionally similar companies — ranked by peer score
# Company Peer score
#1
PANW · Technology
54
#2
WDAY · Technology
47
#3
IOT · Technology
46
#4
NTNX · Technology
45
#5
UBER · Technology
53
#6
GWRE · Technology
44
#7
PLTR · Technology
60
#8
TOST · Technology
42
Direct comparisons — SHOP vs peers

Peer-relative comparison across valuation, quality, growth and stability.

Technology rankings

See how Shopify Inc. ranks within its sector on specific metrics.

Explore SHOP peers in AssetNext

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Peer similarity is rule-based and descriptive only. Based on structural analysis of revenue, margins, capital intensity and growth patterns. Not investment advice.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.