Shopify Inc. (SHOP) vs Western Digital Corporation (WDC)
WDC leads on 10 of 16 compared metrics.
A side-by-side comparison of Shopify Inc. and Western Digital Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — SHOP vs WDC
growth of $100 · last 11ySHOP +6267.1%WDC +685.5%SHOP compounded faster
Log scale — wide-divergence pair
SHOP WDC
SHOP vs WDC: by the numbers
- •WDC is the larger company ($194.03B vs $140.46B market cap).
- •WDC trades at the lower earnings multiple (32.96 vs 106.12 P/E).
- •WDC converts more revenue to profit (55.07% vs 10.77% net margin).
- •SHOP grew revenue faster over the past five years (29.11% vs -6.28% CAGR).
- •WDC pays a dividend (0.09% yield) while SHOP does not currently pay one.
Which is better, SHOP or WDC?
Metric tally: SHOP 6 · WDC 10It depends on what you're optimizing for:
ValueWDC(lower P/E)
GrowthSHOP(faster 5Y revenue CAGR)
QualityWDC(higher ROIC)
Valuation
| Metric | SHOP | WDC |
|---|---|---|
| P/E ratio | 106.12 | 32.96● |
| Forward P/E | 46.86 | 31.96● |
| P/S ratio | 11.41● | 17.97 |
| P/B ratio | 11.25● | 21.87 |
| PEG ratio | 3.71 | 2.55● |
| EV / EBITDA | 240.76 | 28.04● |
| FCF yield | 1.51%● | 1.37% |
Profitability
| Metric | SHOP | WDC |
|---|---|---|
| Gross margin | 47.97%● | 45.43% |
| Operating margin | 13.32% | 30.78%● |
| Net margin | 10.77% | 55.07%● |
| ROE | 10.62% | 67.00%● |
| ROIC | 8.67% | 21.53%● |
Dividends
| Metric | SHOP | WDC |
|---|---|---|
| Dividend yield | — | 0.09% |
| Payout ratio | — | 9.42% |
Growth (annualized)
| Metric | SHOP | WDC |
|---|---|---|
| Revenue CAGR (5Y) | 29.11%● | -6.28% |
| EPS CAGR (5Y) | 28.61%● | 12.92% |
| FCF CAGR (5Y) | 28.17% | 78.08%● |
| Total return CAGR (5Y) | -2.79% | 58.48%● |
Frequently asked
- Which is better, SHOP or WDC?
- It depends on your goal. value: WDC (lower P/E); growth: SHOP (faster 5Y revenue CAGR); quality: WDC (higher ROIC). Across all compared metrics, WDC leads 10 to 6.
- Is SHOP or WDC cheaper?
- On trailing earnings, WDC is cheaper: SHOP trades at a 106.12 P/E and WDC at 32.96.
- Which has grown faster, SHOP or WDC?
- Over the past five years, SHOP grew revenue faster — SHOP at a 29.11% CAGR versus WDC at -6.28%.
- Does SHOP or WDC pay a bigger dividend?
- WDC pays a dividend (0.09% yield) while SHOP does not currently pay one.
- Is SHOP or WDC more profitable?
- WDC runs the higher net margin — SHOP at 10.77% versus WDC at 55.07%.
- Which has been the better investment, SHOP or WDC?
- Over the past 10-year, SHOP delivered the higher annualized total return — SHOP at 43.95% versus WDC at 33.71%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Shopify P/E ratioWestern Digital P/E ratioShopify dividend yieldWestern Digital dividend yieldShopify ROEWestern Digital ROEShopify operating marginWestern Digital operating marginShopify revenue growthWestern Digital revenue growthShopify free cash flowWestern Digital free cash flow
Shopify & Western Digital appear in these rankings
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 14, 2026.