Shopify vs Western Digital
Shopify and Western Digital are similar in size: $11.56bn and $12.92bn of revenue in their latest fiscal years. Western Digital grew faster (35.7% against 30.1%). Western Digital kept more of each dollar of sales as profit: a net margin of 72.9% against 10.7%.
| Latest fiscal year | ShopifySHOP, 2025 | Western DigitalWDC, 2026 |
|---|---|---|
| Revenue | $11.56bn | $12.92bn |
| Revenue growth | 30.1% | 35.7% |
| Net income | $1.23bn | $9.42bn |
| Operating margin | 12.7% | 34.5% |
| Net margin | 10.7% | 72.9% |
| Return on equity | 9.8% | 133.0% |
| Free cash flow | $2.01bn | $3.51bn |
| Cash | $1.54bn | $1.58bn |
| Total debt | — | $1.06bn |
| Debt to equity | — | 12.0% |
| Dividend per share | — | $0.50 |
| Dividend yield | — | 0.1% |
| Share buybacks | — | $2.59bn |
| Employees | 7,600 | 40,000 |
| Market value | $185.43bn | $130.01bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | — | 40 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 237 sales |