Comprehensive Stock Comparison
Compare monday.com Ltd. (MNDY) vs Shopify Inc. (SHOP) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | SHOP | 30.1% revenue growth vs MNDY's 26.7% |
| Value | MNDY | Lower P/E (17.7x vs 65.9x) |
| Quality / Margins | SHOP | 10.7% net margin vs MNDY's 9.6% |
| Stability / Safety | MNDY | Beta 1.55 vs SHOP's 2.23 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | SHOP | +7.8% vs MNDY's -75.5% |
| Efficiency (ROA) | SHOP | 8.1% ROA vs MNDY's 5.6%, ROIC 9.4% vs -2.4% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Monday.com is a cloud-based visual work operating system that enables teams to build custom workflow applications without coding. It generates revenue primarily through subscription fees for its SaaS platform — with pricing tiers based on user count and feature access — supplemented by professional services for implementation and support. The company's competitive advantage lies in its highly flexible, no-code platform that can adapt to diverse business processes while maintaining an intuitive visual interface that drives user adoption.
Shopify is a comprehensive commerce platform that enables businesses of all sizes to create online stores, manage sales across multiple channels, and handle operations like payments, shipping, and inventory. It generates revenue primarily through subscription fees for its platform tiers — which account for about 30% of revenue — and merchant solutions like payment processing, shipping, and capital advances that make up the remaining 70%. The company's key advantage is its integrated ecosystem that combines easy-to-use store creation tools with a vast app marketplace and fulfillment network, creating high switching costs for merchants as they grow their businesses.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
SHOP leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). MNDY leads in 1 (Valuation Metrics). 2 tied.
Financial Metrics (TTM)
SHOP is the larger business by revenue, generating $11.6B annually — 9.4x MNDY's $1.2B. Profitability is closely matched — net margins range from 10.7% (SHOP) to 9.6% (MNDY). On growth, SHOP holds the edge at +30.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | MNDYmonday.com Ltd. | SHOPShopify Inc. |
|---|---|---|
| RevenueTrailing 12 months | $1.2B | $11.6B |
| EBITDAEarnings before interest/tax | $12M | $1.5B |
| Net IncomeAfter-tax profit | $119M | $1.2B |
| Free Cash FlowCash after capex | $321M | $2.0B |
| Gross MarginGross profit ÷ Revenue | +89.2% | +48.1% |
| Operating MarginEBIT ÷ Revenue | -0.1% | +12.7% |
| Net MarginNet income ÷ Revenue | +9.6% | +10.7% |
| FCF MarginFCF ÷ Revenue | +26.0% | +17.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +24.6% | +30.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.3% | -42.0% |
Valuation Metrics
At 32.4x trailing earnings, MNDY trades at a 75% valuation discount to SHOP's 128.4x P/E. On an enterprise value basis, SHOP's 104.1x EV/EBITDA is more attractive than MNDY's 211.8x.
| Metric | MNDYmonday.com Ltd. | SHOPShopify Inc. |
|---|---|---|
| Market CapShares × price | $3.7B | $157.4B |
| Enterprise ValueMkt cap + debt − cash | $2.6B | $156.1B |
| Trailing P/EPrice ÷ TTM EPS | 32.43x | 128.44x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.70x | 65.90x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.38x |
| EV / EBITDAEnterprise value multiple | 211.77x | 104.11x |
| Price / SalesMarket cap ÷ Revenue | 3.04x | 13.62x |
| Price / BookPrice ÷ Book value/share | 3.09x | 11.69x |
| Price / FCFMarket cap ÷ FCF | 11.95x | 78.44x |
Profitability & Efficiency
MNDY delivers a 9.5% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $9 for SHOP. SHOP carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to MNDY's 0.25x. On the Piotroski fundamental quality scale (0–9), SHOP scores 6/9 vs MNDY's 5/9, reflecting solid financial health.
| Metric | MNDYmonday.com Ltd. | SHOPShopify Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +9.5% | +9.1% |
| ROA (TTM)Return on assets | +5.6% | +8.1% |
| ROICReturn on invested capital | -2.4% | +9.4% |
| ROCEReturn on capital employed | -0.1% | +11.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.25x | 0.01x |
| Net DebtTotal debt minus cash | -$1.2B | -$1.4B |
| Cash & Equiv.Liquid assets | $1.5B | $1.5B |
| Total DebtShort + long-term debt | $312M | $188M |
| Interest CoverageEBIT ÷ Interest expense | — | — |
Total Returns (with DRIP)
A $10,000 investment in SHOP five years ago would be worth $9,216 today (with dividends reinvested), compared to $4,061 for MNDY. Over the past 12 months, SHOP leads with a +7.8% total return vs MNDY's -75.5%. The 3-year compound annual growth rate (CAGR) favors SHOP at 43.2% vs MNDY's -22.3% — a key indicator of consistent wealth creation.
| Metric | MNDYmonday.com Ltd. | SHOPShopify Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -49.4% | -23.2% |
| 1-Year ReturnPast 12 months | -75.5% | +7.8% |
| 3-Year ReturnCumulative with dividends | -53.1% | +193.5% |
| 5-Year ReturnCumulative with dividends | -59.4% | -7.8% |
| 10-Year ReturnCumulative with dividends | -59.4% | +5294.6% |
| CAGR (3Y)Annualised 3-year return | -22.3% | +43.2% |
Risk & Volatility
MNDY is the less volatile stock with a 1.55 beta — it tends to amplify market swings less than SHOP's 2.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SHOP currently trades 66.3% from its 52-week high vs MNDY's 22.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MNDYmonday.com Ltd. | SHOPShopify Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.55x | 2.23x |
| 52-Week HighHighest price in past year | $316.98 | $182.19 |
| 52-Week LowLowest price in past year | $68.68 | $69.84 |
| % of 52W HighCurrent price vs 52-week peak | +22.9% | +66.3% |
| RSI (14)Momentum oscillator 0–100 | 29.4 | 48.7 |
| Avg Volume (50D)Average daily shares traded | 2.1M | 10.0M |
Analyst Outlook
Wall Street rates MNDY as "Buy" and SHOP as "Buy". Consensus price targets imply 96.4% upside for MNDY (target: $143) vs 36.8% for SHOP (target: $165).
| Metric | MNDYmonday.com Ltd. | SHOPShopify Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $142.69 | $165.16 |
| # AnalystsCovering analysts | 25 | 63 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +3.6% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Jun 21 | Feb 26 | Change |
|---|---|---|---|
| monday.com Ltd. (MNDY) | 100 | 63.07 | -36.9% |
| Shopify Inc. (SHOP) | 100 | 90.67 | -9.3% |
Shopify Inc. (SHOP) returned -8% over 5 years vs monday.com Ltd. (MNDY)'s -59%.
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| monday.com Ltd. (MNDY) | $78M | $1.2B | +1477.7% |
| Shopify Inc. (SHOP) | $389M | $11.6B | +2868.2% |
Shopify Inc.'s revenue grew from $389M (2016) to $11.6B (2025) — a 45.8% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| monday.com Ltd. (MNDY) | -117.3% | 9.6% | +108.2% |
| Shopify Inc. (SHOP) | -9.1% | 10.7% | +217.3% |
Shopify Inc.'s net margin went from -9% (2016) to 11% (2025).
Chart 4P/E Ratio History — 4 Years
| Stock | 2020 | 2025 | Change |
|---|---|---|---|
| Shopify Inc. (SHOP) | 435.4 | 171.2 | -60.7% |
Shopify Inc. has traded in a 61x–435x P/E range over 4 years; current trailing P/E is ~128x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| monday.com Ltd. (MNDY) | -2.36 | 2.24 | +194.9% |
| Shopify Inc. (SHOP) | -0.04 | 0.94 | +2332.8% |
Shopify Inc.'s EPS grew from $-0.04 (2016) to $0.94 (2025).
Chart 6Free Cash Flow — 5 Years
monday.com Ltd. generated $313M FCF in 2025 (+11963% vs 2021). Shopify Inc. generated $2B FCF in 2025 (+314% vs 2021).
MNDY vs SHOP: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is MNDY or SHOP a better buy right now?
monday.com Ltd. (MNDY) offers the better valuation at 32.4x trailing P/E (17.7x forward), making it the more compelling value choice. Analysts rate monday.com Ltd. (MNDY) a "Buy" — based on 25 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MNDY or SHOP?
On trailing P/E, monday.com Ltd. (MNDY) is the cheapest at 32.4x versus Shopify Inc. at 128.4x. On forward P/E, monday.com Ltd. is actually cheaper at 17.7x.
03Which is the better long-term investment — MNDY or SHOP?
Over the past 5 years, Shopify Inc. (SHOP) delivered a total return of -7.8%, compared to -59.4% for monday.com Ltd. (MNDY). A $10,000 investment in SHOP five years ago would be worth approximately $9K today (assuming dividends reinvested). Over 10 years, the gap is even starker: SHOP returned +52.9% versus MNDY's -59.4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MNDY or SHOP?
By beta (market sensitivity over 5 years), monday.com Ltd. (MNDY) is the lower-risk stock at 1.55β versus Shopify Inc.'s 2.23β — meaning SHOP is approximately 44% more volatile than MNDY relative to the S&P 500. On balance sheet safety, Shopify Inc. (SHOP) carries a lower debt/equity ratio of 1% versus 25% for monday.com Ltd. — giving it more financial flexibility in a downturn.
05Which has better profit margins — MNDY or SHOP?
Shopify Inc. (SHOP) is the more profitable company, earning 10.7% net margin versus 9.6% for monday.com Ltd. — meaning it keeps 10.7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SHOP leads at 12.7% versus -0.1% for MNDY. At the gross margin level — before operating expenses — MNDY leads at 89.2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is MNDY or SHOP more undervalued right now?
On forward earnings alone, monday.com Ltd. (MNDY) trades at 17.7x forward P/E versus 65.9x for Shopify Inc. — 48.2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MNDY: 96.4% to $142.69.
07Which pays a better dividend — MNDY or SHOP?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is MNDY or SHOP better for a retirement portfolio?
For long-horizon retirement investors, monday.com Ltd. (MNDY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Shopify Inc. (SHOP) carries a higher beta of 2.23 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MNDY: -59.4%, SHOP: +52.9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between MNDY and SHOP?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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