COMP <GO>
SHOP vs AAPL // 10Y YIELD & FRED MACRO BETA
Shopify Inc. Class A Subordinate Voting Shares (NASDAQ) VS. Apple Inc. (NASDAQ) • 15-METRIC TALLY: SHOP 3
— AAPL 12
▲ 10Y YIELD & FRED MACRO BETA LEADER: SHOP
LAST: $157.49 (-5.63%) • MKT CAP: $216.26B
macro-sensitivity
1.22
LAST: $344.63 (-1.23%) • MKT CAP: $5.03T
macro-sensitivity
1.14
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SHOP VS. AAPL)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SHOP | AAPL | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 48.10% | 48.65% | -0.55 | AAPL | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 6.70% | 81.38% | -74.68 | AAPL | /roic <GO> |
| EV/EBITDA & P/E Valuation | 95.0x | 30.1x | +64.89 | AAPL | /valuation <GO> |
| Free Cash Flow Yield | 0.93% | 2.72% | -1.79 | AAPL | /fcf-yield <GO> |
| Operating Margin | 12.70% | 33.17% | -20.47 | AAPL | /operating-margins <GO> |
| Net Profit Margin | 10.70% | 27.62% | -16.92 | AAPL | /net-margins <GO> |
| Revenue Growth (YoY) | 30.10% | 14.24% | +15.86 | SHOP | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.31% | -0.31 | AAPL | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 19.69 | 13.54 | +6.15 | SHOP | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 9/9 | -1.00 | AAPL | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.60% | 5.76% | +1.84 | AAPL | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 44.6 | 55.4 | -10.74 | AAPL | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | 1.22 | 1.14 | +0.08 | SHOP | /macro-sensitivity <GO> |
| Forward P/E Multiple | 140.0x | 35.3x | +104.66 | AAPL | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $216.26B | $5.03T | -$4.81T | AAPL | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SHOP REV | AAPL REV | SHOP GROSS % | AAPL GROSS % | SHOP FCF | AAPL FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $11.56B | $416.16B | 48.1% | 46.9% | $2.01B | $98.77B |
| FY 2024 | $8.88B | $391.04B | 50.4% | 46.2% | $1.60B | $108.81B |
| FY 2023 | $7.06B | $383.29B | 44.0% | 44.1% | $626.3M | $99.58B |
| FY 2022 | — | $394.33B | — | 43.3% | — | $111.44B |
| FY 2021 | — | $365.82B | — | 41.8% | — | $92.95B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SHOP // BETA 1.22
AAPL // BETA 1.14