Shopify Inc. (SHOP) vs Western Digital Corporation (WDC)
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 September 10, 2026. Differences are shown without an overall score or investment verdict.
SHOP
Shopify Inc.
$128.79TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
WDC
Western Digital Corporation
$447.18TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — SHOP vs WDC
growth of $100 · dividends reinvested · last 10ySHOP +2989.4% (+40.9%/yr)WDC +1262.7% (+29.8%/yr)SHOP compounded faster over this window
SHOP WDC
SHOP vs WDC: by the numbers
- •SHOP is the larger company ($167.12B vs $154.13B market cap).
- •WDC trades at the lower trailing earnings multiple (18.02 vs 86.44 P/E), one valuation lens rather than an overall verdict.
- •WDC converts more revenue to profit (72.95% vs 14.53% net margin).
- •SHOP grew revenue faster over the past five years (28.06% vs -5.25% CAGR).
- •WDC pays a dividend (0.10% yield), while SHOP has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | SHOP | WDC |
|---|---|---|
| P/E ratio | 86.44 | 18.02 |
| Forward P/E | 66.74 | 22.00 |
| P/S ratio | 12.60 | 11.93 |
| P/B ratio | 13.18 | 17.39 |
| EV / EBITDA | 88.44 | 31.46 |
| FCF yield | 1.41% | 2.09% |
Profitability
| Metric | SHOP | WDC |
|---|---|---|
| Gross margin | 47.77% | 48.85% |
| Operating margin | 13.90% | 34.89% |
| Net margin | 14.53% | 72.95% |
| ROE | 15.20% | 106.32% |
| ROIC | 11.67% | 40.19% |
Dividends
| Metric | SHOP | WDC |
|---|---|---|
| Dividend yield | N/A | 0.10% |
| Payout ratio | N/A | 2.01% |
Growth (annualized)
| Metric | SHOP | WDC |
|---|---|---|
| Revenue CAGR (5Y) | 28.06% | -5.25% |
| EPS CAGR (5Y) | 28.61% | 58.48% |
| FCF CAGR (5Y) | 35.93% | 29.14% |
| Total return CAGR (5Y) | -3.36% | 61.31% |
Frequently asked
- Which has the lower trailing P/E, SHOP or WDC?
- WDC has the lower trailing P/E: SHOP trades at 86.44 and WDC at 18.02. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, SHOP or WDC?
- Over the past five years, SHOP grew revenue faster — SHOP at a 28.06% CAGR versus WDC at -5.25%.
- Does SHOP or WDC pay a bigger dividend?
- WDC pays a dividend (0.10% yield), while SHOP has no payments in the available dividend history.
- Is SHOP or WDC more profitable?
- WDC runs the higher net margin — SHOP at 14.53% versus WDC at 72.95%.
- How have SHOP and WDC total returns compared?
- Over the past 10 years, SHOP delivered 40.93% and WDC delivered 30.28% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Shopify P/E ratioWestern Digital P/E ratioWestern 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 September 10, 2026.