Akamai Technologies
AKAM · Internet Services & Infrastructure
$93.53
2.6%Shopify
SHOP · Internet Services & Infrastructure
$168.68
0.1%The short version
- Shopify is the larger business, with $11.6B of revenue in fiscal 2025 against $4.2B for Akamai Technologies, about 2.7 times as much.
- Shopify grew revenue faster (30.1%, against 5.4%).
- Akamai Technologies kept more of each dollar of sales as operating profit (13.5% operating margin, against 12.7% operating margin).
- Akamai Technologies turned more of its sales into free cash flow (24.0% FCF margin, against 17.4% FCF margin).
- Shopify earned a higher return on the capital invested in it (16.3%, against 6.3%).
- Investors pay more for each dollar of Shopify’s earnings: a P/E of 114.0x against 33.8x for Akamai Technologies.
| Latest fiscal year | AKAM · FY25 | SHOP · FY25 |
|---|---|---|
| Size | ||
| Market cap | $14.4B | $218.9B |
| Revenue | $4.2B | $11.6B |
| Free cash flow | $1.0B | $2.0B |
| Net income | $452M | $1.2B |
| Growth | ||
| Revenue growth | 5.4% | 30.1% |
| 5-year growth | 5.6% | 31.6% |
| Share count change | −4.7% | 0.3% |
| Profitability | ||
| Gross margin | 59.0% | 48.1% |
| Operating margin | 13.5% | 12.7% |
| Net margin | 10.7% | 10.7% |
| FCF margin | 24.0% | 17.4% |
| Return on capital | 6.3% | 16.3% |
| Return on equity | 9.2% | 9.8% |
| Balance sheet | ||
| Net debt | $2.9B | −$5.8B |
| Net debt / EBITDA | 2.3x | −3.9x |
| Dividends and buybacks | $800M | $0.0M |
| Valuation & quality | ||
| P/E | 33.8x | 114.0x |
| Piotroski F-score | 6 | 6 |
FY16
AKAM $2.3B
SHOP —
FY17
AKAM $2.5B
SHOP $673M
FY18
AKAM $2.7B
SHOP $1.1B
FY19
AKAM $2.9B
SHOP $1.6B
FY20
AKAM $3.2B
SHOP $2.9B
FY21
AKAM $3.5B
SHOP $4.6B
FY22
AKAM $3.6B
SHOP $5.6B
FY23
AKAM $3.8B
SHOP $7.1B
FY24
AKAM $4.0B
SHOP $8.9B
FY25
AKAM $4.2B
SHOP $11.6B
AKAM
SHOP
FY16
AKAM 19.9%
SHOP —
FY17
AKAM 12.6%
SHOP −7.3%
FY18
AKAM 13.4%
SHOP −8.6%
FY19
AKAM 19.0%
SHOP −8.9%
FY20
AKAM 20.6%
SHOP 3.1%
FY21
AKAM 22.6%
SHOP 5.8%
FY22
AKAM 18.7%
SHOP −14.7%
FY23
AKAM 16.7%
SHOP −20.1%
FY24
AKAM 13.4%
SHOP 12.1%
FY25
AKAM 13.5%
SHOP 12.7%
AKAM
SHOP
FY16
AKAM $691M
SHOP −$9.8M
FY17
AKAM $547M
SHOP −$12.1M
FY18
AKAM $791M
SHOP −$18.6M
FY19
AKAM $699M
SHOP $13.9M
FY20
AKAM $701M
SHOP $383M
FY21
AKAM $1.1B
SHOP $485M
FY22
AKAM $1.0B
SHOP −$186M
FY23
AKAM $891M
SHOP $905M
FY24
AKAM $1.1B
SHOP $1.6B
FY25
AKAM $1.0B
SHOP $2.0B
AKAM
SHOP
FY16
AKAM 9.1%
SHOP —
FY17
AKAM 6.1%
SHOP —
FY18
AKAM 10.7%
SHOP —
FY19
AKAM 16.1%
SHOP —
FY20
AKAM 13.5%
SHOP 13.5%
FY21
AKAM 13.7%
SHOP 9.9%
FY22
AKAM 10.0%
SHOP −15.5%
FY23
AKAM 8.3%
SHOP −22.3%
FY24
AKAM 7.1%
SHOP 16.3%
FY25
AKAM 6.3%
SHOP 16.3%
AKAM
SHOP
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.