Is APP or SHOP cheaper?

On trailing earnings, APP is cheaper: APP trades at a 40.33 P/E and SHOP at 105.86.

Which has grown faster, APP or SHOP?

Over the past five years, SHOP grew revenue faster — APP at a 27.99% CAGR versus SHOP at 29.11%.

Is APP or SHOP more profitable?

APP runs the higher net margin — APP at 64.29% versus SHOP at 10.77%.

Which has been the better investment, APP or SHOP?

Over the past 5-year, SHOP delivered the higher annualized total return — APP at 42.36% versus SHOP at 43.19%. Past performance doesn't predict future results.

AppLovin Corporation (APP) vs Shopify Inc. (SHOP)

APP leads on 13 of 16 compared metrics.

A side-by-side comparison of AppLovin Corporation and Shopify Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 23, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — APP vs SHOP

growth of $100 · last 5y

APP +619.9%SHOP -10.6%APP compounded faster

Log scale — wide-divergence pair

APP SHOP

APP vs SHOP: by the numbers

•APP is the larger company ($157.69B vs $140.12B market cap).
•APP trades at the lower earnings multiple (40.33 vs 105.86 P/E).
•APP converts more revenue to profit (64.29% vs 10.77% net margin).
•SHOP grew revenue faster over the past five years (29.11% vs 27.99% CAGR).

Which is better, APP or SHOP?

Metric tally: APP 13 · SHOP 3

It depends on what you're optimizing for:

ValueAPP(lower P/E)

GrowthSHOP(faster 5Y revenue CAGR)

QualityAPP(higher ROIC)

Metrics side by side

Valuation

Metric	APP	SHOP
P/E ratio	40.33●	105.86
Forward P/E	21.92●	47.20
P/S ratio	25.79	11.38●
P/B ratio	67.27	11.22●
PEG ratio	0.62●	3.70
EV / EBITDA	32.32●	237.31
FCF yield	2.77%●	1.51%

Profitability

Metric	APP	SHOP
Gross margin	88.37%●	47.97%
Operating margin	77.09%●	13.32%
Net margin	64.29%●	10.77%
ROE	167.67%●	10.62%
ROIC	60.71%●	8.67%

Growth (annualized)

Metric	APP	SHOP
Revenue CAGR (5Y)	27.99%	29.11%●
EPS CAGR (5Y)	73.54%●	28.61%
FCF CAGR (5Y)	79.57%●	28.17%
Total return CAGR (5Y)	42.36%●	-6.47%

Frequently asked

Which is better, APP or SHOP?: It depends on your goal. value: APP (lower P/E); growth: SHOP (faster 5Y revenue CAGR); quality: APP (higher ROIC). Across all compared metrics, APP leads 13 to 3.
Is APP or SHOP cheaper?: On trailing earnings, APP is cheaper: APP trades at a 40.33 P/E and SHOP at 105.86.
Which has grown faster, APP or SHOP?: Over the past five years, SHOP grew revenue faster — APP at a 27.99% CAGR versus SHOP at 29.11%.
Is APP or SHOP more profitable?: APP runs the higher net margin — APP at 64.29% versus SHOP at 10.77%.
Which has been the better investment, APP or SHOP?: Over the past 5-year, SHOP delivered the higher annualized total return — APP at 42.36% versus SHOP at 43.19%. Past performance doesn't predict future results.

Go deeper

Full APP analysis Full SHOP analysis Interactive comparison tool

Dig into the metrics

AppLovin P/E ratio Shopify P/E ratio AppLovin dividend yield Shopify dividend yield AppLovin ROE Shopify ROE AppLovin operating margin Shopify operating margin AppLovin revenue growth Shopify revenue growth AppLovin free cash flow Shopify free cash flow

AppLovin & Shopify appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 23, 2026.