COMP <GO>
SHOP vs MSFT // 10Y YIELD & FRED MACRO BETA
Shopify Inc. Class A Subordinate Voting Shares (NASDAQ) VS. Microsoft Corporation (NASDAQ) • 15-METRIC TALLY: SHOP 4
— MSFT 11
▲ 10Y YIELD & FRED MACRO BETA LEADER: SHOP
LAST: $157.49 (-5.63%) • MKT CAP: $216.26B
macro-sensitivity
1.22
LAST: $521.91 (-1.55%) • MKT CAP: $3.88T
macro-sensitivity
1.14
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SHOP VS. MSFT)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SHOP | MSFT | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 48.10% | 67.66% | -19.56 | MSFT | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 6.70% | 26.54% | -19.84 | MSFT | /roic <GO> |
| EV/EBITDA & P/E Valuation | 95.0x | 19.9x | +75.07 | MSFT | /valuation <GO> |
| Free Cash Flow Yield | 0.93% | 1.55% | -0.62 | MSFT | /fcf-yield <GO> |
| Operating Margin | 12.70% | 47.10% | -34.40 | MSFT | /operating-margins <GO> |
| Net Profit Margin | 10.70% | 41.17% | -30.47 | MSFT | /net-margins <GO> |
| Revenue Growth (YoY) | 30.10% | 17.91% | +12.19 | SHOP | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.70% | -0.70 | MSFT | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 19.69 | 9.35 | +10.34 | SHOP | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 6/9 | +2.00 | SHOP | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.60% | 5.74% | +1.86 | MSFT | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 44.6 | 49.0 | -4.41 | MSFT | /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 | 24.2x | +115.81 | MSFT | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $216.26B | $3.88T | -$3.66T | MSFT | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SHOP REV | MSFT REV | SHOP GROSS % | MSFT GROSS % | SHOP FCF | MSFT FCF |
|---|---|---|---|---|---|---|
| FY 2026 | — | $331.84B | — | 67.9% | — | $66.99B |
| FY 2025 | $11.56B | $281.72B | 48.1% | 68.8% | $2.01B | $71.61B |
| FY 2024 | $8.88B | $245.12B | 50.4% | 69.8% | $1.60B | $74.07B |
| FY 2023 | $7.06B | $211.91B | 44.0% | 68.9% | $626.3M | $59.48B |
| FY 2022 | — | $198.27B | — | 68.4% | — | $65.15B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SHOP // BETA 1.22
MSFT // BETA 1.14