Apple vs Shopify: Business Model & Financial Comparison 2026
Apple · Technology / Consumer Electronics·Shopify · Technology / Software - Application
Financial Comparison
| Metric | AAPLApple | SHOPShopify |
|---|---|---|
| Market Cap | $3.68T | $160.47B |
| Revenue (TTM) | $435.62B | $11.56B |
| Revenue Growth | 15.7% | 30.6% |
| Gross Margin | 47.3% | 48.1% |
| Operating Margin | 35.4% | 20.3% |
| Net Margin | 27.0% | 10.7% |
| Return on Equity | 152.0% | 9.8% |
| P/E (Trailing) | 31.7x | 132.2x |
| P/E (Forward) | 26.9x | 53.4x |
| Free Cash Flow | $106.31B | $1.29B |
| Cash | $66.91B | $5.85B |
| Total Debt | $90.51B | $188.0M |
Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.
Business Model Comparison
Apple
Apple stands as the world's most valuable company and leader in consumer electronics. Generating $435.62 billion in annual revenue (growing 15.7% year-over-year) and carrying a market capitalization of $3.83 trillion, the company has cemented its position as a foundational player in the global Consumer Electronics landscape. Under the leadership of Tim Cook, Apple continues to execute on a multi-year strategic vision that balances growth investme…
Full Apple analysis →Shopify
Shopify Inc. stands as a leading company in Technology. Generating $11.56 billion in annual revenue (growing 30.6% year-over-year) and carrying a market capitalization of $175.91 billion, the company has cemented its position as a foundational player in the global Software - Application landscape. Under the leadership of its leadership team, Shopify Inc. continues to execute on a multi-year strategic vision that balances growth investment with sh…
Full Shopify analysis →SWOT Analysis Comparison
Strengths
Apple
- With a market capitalization of $3.83T, Apple is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access that smaller com
- Apple's gross margin of 47.3% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 35.4% demonstrates disciplined cos
- Revenue grew 15.7% year-over-year to $435.62B, indicating strong demand for Apple's products and services and outperformance relative to many industry peers.
Shopify
- With a market capitalization of $175.91B, Shopify Inc. is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access that sm
- Shopify Inc.'s gross margin of 48.1% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 20.3% demonstrates discipli
- Revenue grew 30.6% year-over-year to $11.56B, indicating strong demand for Shopify Inc.'s products and services and outperformance relative to many industry peers.
Weaknesses
Apple
- With a debt-to-equity ratio of 102.6, Apple carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility and increases vulnerabilit
- With 150,000 employees globally, Apple faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that smaller, nimbler competito
- iPhone revenue still represents 52% of total sales — over-reliance on a single product
Shopify
- In the Software - Application sector, larger competitors with greater economies of scale can exert pricing pressure and outspend Shopify Inc. on marketing, R&D, and distribution — limiting the company
- Revenue concentration in core markets or customer segments creates vulnerability to localized downturns, regulatory changes, or shifts in customer preferences. Diversification remains an ongoing strat
Opportunities
Apple
- The rapid advancement of generative AI and large language models presents Apple with opportunities to automate operations, enhance products, and develop new AI-native services. Companies in Technology
- Apple operates in the Consumer Electronics segment of the broader Technology sector, which represents a $5.0 trillion by 2027 (IDC Global Technology Market). Even modest share gains in this environmen
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Apple's
Shopify
- The rapid advancement of generative AI and large language models presents Shopify Inc. with opportunities to automate operations, enhance products, and develop new AI-native services. Companies in Tec
- Shopify Inc. operates in the Software - Application segment of the broader Technology sector, which represents a $5.0 trillion by 2027 (IDC Global Technology Market). Even modest share gains in this e
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Shopify
Threats
Apple
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Apple's revenue is not fully insulated from macroeconomic cycles, and a recession scenario c
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Apple's business mo
- The technology sector evolves at a pace where today's competitive advantages can erode quickly. New entrants with AI-native approaches, open-source alternatives, or disruptive business models could ch
Shopify
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Shopify Inc.'s revenue is not fully insulated from macroeconomic cycles, and a recession sce
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Shopify Inc.'s busi
- The technology sector evolves at a pace where today's competitive advantages can erode quickly. New entrants with AI-native approaches, open-source alternatives, or disruptive business models could ch
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Open Comparison ToolApple vs Shopify: FAQ
- Is Apple bigger than Shopify?
- By market capitalization, Apple is larger at $3.68T vs Shopify's $160.47B.
- Which has better profit margins — Apple or Shopify?
- Apple has higher net profit margins (27.0%) compared to Shopify (10.7%). Gross and operating margins are compared in the table above.
- What sectors do Apple and Shopify operate in?
- Apple operates in the Technology sector (Consumer Electronics). Shopify operates in the Technology sector (Software - Application).
- How does Apple's revenue compare to Shopify's?
- Apple generates $435.62B in annual revenue (TTM) while Shopify generates $11.56B. Apple is the larger company by revenue as of 2026.