COMP <GO>
SHOP vs GOOG // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Shopify Inc. Class A Subordinate Voting Shares (NASDAQ) VS. Alphabet Inc. (Class C) (NASDAQ) • 15-METRIC TALLY: SHOP 6
— GOOG 7
■ METRIC PARITY
LAST: $166.89 (-0.79%) • MKT CAP: $216.26B
options-implied-move
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LAST: $282.32 (-12.29%) • MKT CAP: $3.47T
options-implied-move
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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SHOP VS. GOOG)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SHOP | GOOG | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 48.10% | 60.86% | -12.76 | GOOG | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 6.70% | 16.59% | -9.89 | GOOG | /roic <GO> |
| EV/EBITDA & P/E Valuation | 95.0x | 19.9x | +75.07 | GOOG | /valuation <GO> |
| Free Cash Flow Yield | 0.93% | 0.58% | +0.35 | SHOP | /fcf-yield <GO> |
| Operating Margin | 12.70% | 33.32% | -20.62 | GOOG | /operating-margins <GO> |
| Net Profit Margin | 10.70% | 50.03% | -39.33 | GOOG | /net-margins <GO> |
| Revenue Growth (YoY) | 30.10% | 22.21% | +7.89 | SHOP | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.31% | -0.31 | GOOG | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 19.69 | 8.30 | +11.39 | SHOP | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 6/9 | +2.00 | SHOP | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 53.9 | 24.8 | +29.10 | SHOP | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.22 | 1.16 | +0.06 | SHOP | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 21.4x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $216.26B | $3.47T | -$3.25T | GOOG | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SHOP REV | GOOG REV | SHOP GROSS % | GOOG GROSS % | SHOP FCF | GOOG FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $11.56B | $402.84B | 48.1% | 59.7% | $2.01B | $73.27B |
| FY 2024 | $8.88B | $350.02B | 50.4% | 58.2% | $1.60B | $72.76B |
| FY 2023 | $7.06B | $307.39B | — | — | $626.3M | $87.91B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SHOP // BETA 1.22
GOOG // BETA 1.16