Comprehensive Stock Comparison
Compare Full Truck Alliance Co. Ltd. (YMM) vs Shopify Inc. (SHOP) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
Selected Stocks
Add up to 10 tickers. Use presets or search to get started.
Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | YMM | 33.2% revenue growth vs SHOP's 30.1% |
| Value | YMM | Lower P/E (2.0x vs 65.9x) |
| Quality / Margins | YMM | 34.4% net margin vs SHOP's 10.7% |
| Stability / Safety | YMM | Beta 0.96 vs SHOP's 2.23, lower leverage |
| Dividends | YMM | 1.6% yield; 1-year raise streak; SHOP pays no meaningful dividend |
| Momentum (1Y) | SHOP | +7.8% vs YMM's -18.6% |
| Efficiency (ROA) | YMM | 9.8% ROA vs SHOP's 8.1%, ROIC 6.0% vs 9.4% |
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
Full Truck Alliance operates China's largest digital freight platform connecting shippers with truckers for efficient logistics matching. It generates revenue primarily from freight brokerage commissions and value-added services — including credit solutions, insurance brokerage, and energy services — with its core matching platform driving the majority of earnings. The company's network effects create a powerful moat, as its massive scale of shippers and truckers makes it increasingly difficult for competitors to match its liquidity and efficiency.
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
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
YMM leads in 4 of 6 categories (Financial Metrics, Valuation Metrics). SHOP leads in 1 (Total Returns).
Financial Metrics (TTM)
YMM and SHOP operate at a comparable scale, with $12.1B and $11.6B in trailing revenue. YMM is the more profitable business, keeping 34.4% of every revenue dollar as net income compared to SHOP's 10.7%. On growth, SHOP holds the edge at +30.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | YMMFull Truck Allian… | SHOPShopify Inc. |
|---|---|---|
| RevenueTrailing 12 months | $12.1B | $11.6B |
| EBITDAEarnings before interest/tax | $4.0B | $1.5B |
| Net IncomeAfter-tax profit | $4.2B | $1.2B |
| Free Cash FlowCash after capex | $0 | $2.0B |
| Gross MarginGross profit ÷ Revenue | +71.3% | +48.1% |
| Operating MarginEBIT ÷ Revenue | +32.4% | +12.7% |
| Net MarginNet income ÷ Revenue | +34.4% | +10.7% |
| FCF MarginFCF ÷ Revenue | +25.8% | +17.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +17.2% | +30.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +29.4% | -42.0% |
Valuation Metrics
At 21.9x trailing earnings, YMM trades at a 83% valuation discount to SHOP's 128.4x P/E. On an enterprise value basis, YMM's 51.5x EV/EBITDA is more attractive than SHOP's 104.1x.
| Metric | YMMFull Truck Allian… | SHOPShopify Inc. |
|---|---|---|
| Market CapShares × price | $20.0B | $157.4B |
| Enterprise ValueMkt cap + debt − cash | $19.2B | $156.1B |
| Trailing P/EPrice ÷ TTM EPS | 21.89x | 128.44x |
| Forward P/EPrice ÷ next-FY EPS est. | 1.97x | 65.90x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.38x |
| EV / EBITDAEnterprise value multiple | 51.48x | 104.11x |
| Price / SalesMarket cap ÷ Revenue | 12.21x | 13.62x |
| Price / BookPrice ÷ Book value/share | 1.76x | 11.69x |
| Price / FCFMarket cap ÷ FCF | 47.38x | 78.44x |
Profitability & Efficiency
YMM delivers a 10.5% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $9 for SHOP. YMM carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to SHOP's 0.01x. On the Piotroski fundamental quality scale (0–9), YMM scores 8/9 vs SHOP's 6/9, reflecting strong financial health.
| Metric | YMMFull Truck Allian… | SHOPShopify Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +10.5% | +9.1% |
| ROA (TTM)Return on assets | +9.8% | +8.1% |
| ROICReturn on invested capital | +6.0% | +9.4% |
| ROCEReturn on capital employed | +6.7% | +11.0% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 6 |
| Debt / EquityFinancial leverage | 0.00x | 0.01x |
| Net DebtTotal debt minus cash | -$5.7B | -$1.4B |
| Cash & Equiv.Liquid assets | $5.8B | $1.5B |
| Total DebtShort + long-term debt | $65M | $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 $4,513 for YMM. Over the past 12 months, SHOP leads with a +7.8% total return vs YMM's -18.6%. The 3-year compound annual growth rate (CAGR) favors SHOP at 43.2% vs YMM's 11.5% — a key indicator of consistent wealth creation.
| Metric | YMMFull Truck Allian… | SHOPShopify Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -16.6% | -23.2% |
| 1-Year ReturnPast 12 months | -18.6% | +7.8% |
| 3-Year ReturnCumulative with dividends | +38.6% | +193.5% |
| 5-Year ReturnCumulative with dividends | -54.9% | -7.8% |
| 10-Year ReturnCumulative with dividends | -54.9% | +5294.6% |
| CAGR (3Y)Annualised 3-year return | +11.5% | +43.2% |
Risk & Volatility
YMM is the less volatile stock with a 0.96 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.
| Metric | YMMFull Truck Allian… | SHOPShopify Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.96x | 2.23x |
| 52-Week HighHighest price in past year | $14.07 | $182.19 |
| 52-Week LowLowest price in past year | $9.36 | $69.84 |
| % of 52W HighCurrent price vs 52-week peak | +66.7% | +66.3% |
| RSI (14)Momentum oscillator 0–100 | 39.9 | 48.7 |
| Avg Volume (50D)Average daily shares traded | 7.5M | 10.0M |
Analyst Outlook
Wall Street rates YMM as "Buy" and SHOP as "Buy". Consensus price targets imply 36.8% upside for SHOP (target: $165) vs 24.4% for YMM (target: $12). YMM is the only dividend payer here at 1.58% yield — a key consideration for income-focused portfolios.
| Metric | YMMFull Truck Allian… | SHOPShopify Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $11.67 | $165.16 |
| # AnalystsCovering analysts | 3 | 63 |
| Dividend YieldAnnual dividend ÷ price | +1.6% | — |
| Dividend StreakConsecutive years of raises | 1 | — |
| Dividend / ShareAnnual DPS | $1.02 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | 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 |
|---|---|---|---|
| Full Truck Alliance… (YMM) | 100 | 47.16 | -52.8% |
| Shopify Inc. (SHOP) | 100 | 90.67 | -9.3% |
Shopify Inc. (SHOP) returned -8% over 5 years vs Full Truck Alliance… (YMM)'s -55%.
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Full Truck Alliance… (YMM) | $2.5B | $11.2B | +354.4% |
| 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 |
|---|---|---|---|
| Full Truck Alliance… (YMM) | -61.6% | 27.3% | +144.3% |
| 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 — 6 Years
| Stock | 2020 | 2025 | Change |
|---|---|---|---|
| Full Truck Alliance… (YMM) | 20 | 3.7 | -81.5% |
| Shopify Inc. (SHOP) | 435.4 | 171.2 | -60.7% |
Full Truck Alliance Co. Ltd. has traded in a 4x–20x P/E range over 3 years; current trailing P/E is ~22x. 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 |
|---|---|---|---|
| Full Truck Alliance… (YMM) | -1.42 | 2.94 | +307.0% |
| 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
Full Truck Alliance Co. Ltd. generated $3B FCF in 2024 (+1237% vs 2021). Shopify Inc. generated $2B FCF in 2025 (+314% vs 2021).
YMM vs SHOP: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is YMM or SHOP a better buy right now?
Full Truck Alliance Co. Ltd. (YMM) offers the better valuation at 21.9x trailing P/E (2.0x forward), making it the more compelling value choice. Analysts rate Full Truck Alliance Co. Ltd. (YMM) a "Buy" — based on 3 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 — YMM or SHOP?
On trailing P/E, Full Truck Alliance Co. Ltd. (YMM) is the cheapest at 21.9x versus Shopify Inc. at 128.4x. On forward P/E, Full Truck Alliance Co. Ltd. is actually cheaper at 2.0x.
03Which is the better long-term investment — YMM or SHOP?
Over the past 5 years, Shopify Inc. (SHOP) delivered a total return of -7.8%, compared to -54.9% for Full Truck Alliance Co. Ltd. (YMM). 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 YMM's -54.9%. 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 — YMM or SHOP?
By beta (market sensitivity over 5 years), Full Truck Alliance Co. Ltd. (YMM) is the lower-risk stock at 0.96β versus Shopify Inc.'s 2.23β — meaning SHOP is approximately 132% more volatile than YMM relative to the S&P 500. On balance sheet safety, Full Truck Alliance Co. Ltd. (YMM) carries a lower debt/equity ratio of 0% versus 1% for Shopify Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — YMM or SHOP?
Full Truck Alliance Co. Ltd. (YMM) is the more profitable company, earning 27.3% net margin versus 10.7% for Shopify Inc. — meaning it keeps 27.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: YMM leads at 22.0% versus 12.7% for SHOP. At the gross margin level — before operating expenses — YMM leads at 86.6%, 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 YMM or SHOP more undervalued right now?
On forward earnings alone, Full Truck Alliance Co. Ltd. (YMM) trades at 2.0x forward P/E versus 65.9x for Shopify Inc. — 63.9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SHOP: 36.8% to $165.16.
07Which pays a better dividend — YMM or SHOP?
In this comparison, YMM (1.6% yield) pays a dividend. SHOP does not pay a meaningful dividend and should not be held primarily for income.
08Is YMM or SHOP better for a retirement portfolio?
For long-horizon retirement investors, Full Truck Alliance Co. Ltd. (YMM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.96), 1.6% yield). 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 (YMM: -54.9%, 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 YMM 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. YMM pays a dividend while SHOP does not, making them suitable for different income and tax situations. 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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that beat both.