Shift4 Payments, Inc. (FOUR) Financial Ratios
7 years of historical data (2018–2024) · Technology · Software - Infrastructure
EV/EBITDA
↓
9.97
↓-81% vs avg
5yr avg: 51.84
30Y Low17.8·High67.2
P/FCF
↑
12.07
↓-50% vs avg
5yr avg: 24.33
30Y Low18.1·High30.6
P/B Ratio
↑
3.68
↓-51% vs avg
5yr avg: 7.44
30Y Low5.1·High9.6
ROE
↑
24.3%
↓+210% vs avg
5yr avg: 7.9%
30Y Low-134%·High24%
Debt/EBITDA
↓
5.30
↓-70% vs avg
5yr avg: 17.53
30Y Low5.3·High37.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FOUR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Shift4 Payments, Inc. trades at 13.5x earnings, 71% below its 5-year average of 46.5x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 26.7x, the stock trades at a discount of 49%. On a free-cash-flow basis, the stock trades at 12.1x P/FCF, 50% below the 5-year average of 24.3x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $9.5B | $4.5B | $4.6B | $3.2B | $3.4B | — | — |
| Enterprise Value | $5.4B | $11.2B | $5.9B | $5.6B | $3.7B | $3.5B | — | — |
| P/E Ratio → | 13.52 | 34.25 | 51.99 | 53.27 | — | — | — | — |
| P/S Ratio | 1.13 | 2.85 | 1.77 | 2.32 | 2.33 | 4.43 | — | — |
| P/B Ratio | 3.68 | 9.33 | 5.22 | 9.63 | 7.96 | 5.07 | — | — |
| P/FCF | 12.07 | 30.58 | 18.09 | — | — | — | — | — |
| P/OCF | 7.49 | 18.99 | 11.68 | 16.81 | 108.96 | 145.10 | — | — |
P/E links to full P/E history page with 30-year chart
FOUR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Shift4 Payments, Inc.'s enterprise value stands at 10.0x EBITDA, 81% below its 5-year average of 51.8x. The Technology sector median is 17.5x, placing the stock at a 43% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.35 | 2.28 | 2.82 | 2.71 | 4.53 | — | — |
| EV / EBITDA | 9.97 | 20.54 | 17.78 | 23.04 | 67.24 | 130.60 | — | — |
| EV / EBIT | 21.94 | 185.51 | 38.63 | 47.05 | — | — | — | — |
| EV / FCF | — | 35.96 | 23.36 | — | — | — | — | — |
FOUR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Shift4 Payments, Inc. earns an operating margin of 7.4%. Operating margins have expanded from 4.8% to 7.4% over the past 3 years, signaling improving operational efficiency. ROE of 24.3% indicates solid capital efficiency. ROIC of 7.6% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.2% | 29.2% | 26.8% | 23.6% | 20.4% | 23.2% | 23.7% | 25.1% |
| Operating Margin | 7.4% | 7.4% | 4.5% | 4.8% | -3.6% | -7.5% | -0.6% | -2.3% |
| Net Profit Margin | 6.9% | 6.9% | 3.4% | 3.8% | -3.6% | -2.4% | -7.7% | -9.9% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| ROE | 24.3% | 24.3% | 12.8% | 17.1% | -9.1% | -5.7% | -905.6% | -133.8% |
| ROA | 5.4% | 5.4% | 2.9% | 3.1% | -2.4% | -1.4% | -7.4% | -7.5% |
| ROIC | 7.6% | 7.6% | 4.7% | 5.9% | -4.4% | -6.4% | -0.6% | -1.7% |
| ROCE | 7.8% | 7.8% | 4.6% | 4.3% | -2.6% | -4.9% | -0.7% | -2.0% |
FOUR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Shift4 Payments, Inc. carries a Debt/EBITDA ratio of 5.3x, which is highly leveraged (84% above the sector average of 2.9x). Net debt stands at $1.7B ($2.9B total debt minus $1.2B cash). Interest coverage of 4.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.83 | 2.83 | 2.05 | 3.67 | 4.41 | 1.50 | — | 13.37 |
| Debt / EBITDA | 5.30 | 5.30 | 5.39 | 7.24 | 31.91 | 37.83 | 11.00 | 12.75 |
| Net Debt / Equity | — | 1.64 | 1.52 | 2.06 | 1.33 | 0.12 | — | 13.25 |
| Net Debt / EBITDA | 3.07 | 3.07 | 4.01 | 4.06 | 9.60 | 2.95 | 10.94 | 12.64 |
| Debt / FCF | — | 5.37 | 5.27 | — | — | — | 93.63 | 33.87 |
| Interest Coverage | 4.00 | 4.00 | 3.58 | 2.91 | -1.76 | -1.43 | -0.09 | -0.28 |
FOUR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.38x means Shift4 Payments, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 3.70x to 1.38x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.38 | 1.38 | 1.64 | 3.70 | 7.91 | 10.40 | 0.82 | 0.72 |
| Quick Ratio | 1.38 | 1.38 | 1.63 | 3.68 | 7.89 | 10.38 | 0.75 | 0.67 |
| Cash Ratio | 0.88 | 0.88 | 0.65 | 2.89 | 6.70 | 9.33 | 0.03 | 0.05 |
| Asset Turnover | — | 0.66 | 0.76 | 0.78 | 0.58 | 0.43 | 0.93 | 0.76 |
| Inventory Turnover | 264.89 | 264.89 | 552.06 | 317.38 | 311.17 | 392.73 | 65.65 | 82.33 |
| Days Sales Outstanding | — | 38.21 | 36.55 | 36.05 | 55.57 | 44.83 | 42.87 | 36.46 |
FOUR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Shift4 Payments, Inc. returns 3.9% to shareholders annually primarily through share buybacks. The earnings yield of 7.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 0.0% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.4% | 2.9% | 1.9% | 1.9% | — | — | — | — |
| FCF Yield | 8.3% | 3.3% | 5.5% | — | — | — | — | — |
| Buyback Yield | 3.9% | 1.5% | 2.3% | 4.0% | 0.6% | 0.0% | — | — |
| Total Shareholder Yield | 3.9% | 1.5% | 2.3% | 4.0% | 0.6% | 0.0% | — | — |
| Shares Outstanding | — | $92M | $61M | $83M | $55M | $45M | $46M | $39M |
Peer Comparison
Compare FOUR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FOURYou | $4B | 13.5 | 10.0 | 12.1 | 29.2% | 7.4% | 24.3% | 7.6% | 5.3 |
 PAX | $2B | 24.0 | 16.6 | — | 96.2% | 34.2% | 15.2% | 12.7% | 1.3 |
 PAYO | $2B | 25.8 | 7.1 | 8.2 | 78.1% | 11.8% | 10.2% | 30.7% | 0.4 |
 PRTH | $428M | 7.7 | 6.8 | 5.7 | 21.4% | 14.8% | — | 13.4% | 5.1 |
 FLYW | $2B | 132.1 | 37.6 | 17.5 | 61.4% | 1.8% | 1.6% | 2.1% | — |
 EVTC | $2B | 12.8 | 1.5 | 0.0 | 50.1% | 21.1% | 61.6% | 31.7% | 2.0 |
 FIS | $24B | 62.1 | 7.6 | 9.8 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 FISV | $31B | 9.0 | 6.7 | 7.1 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
 GPN | $16B | 11.9 | 10.4 | 8.1 | 72.6% | 19.1% | 6.0% | 3.0% | 7.6 |
 PAGS | $2B | 7.0 | 5.7 | 5.4 | 50.6% | 37.5% | 14.2% | 10.7% | 4.8 |
 V | $618B | 31.6 | 24.7 | 28.6 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonFOUR — Frequently Asked Questions
Quick answers to the most common questions about buying FOUR stock.
What is Shift4 Payments, Inc.'s P/E ratio?
Shift4 Payments, Inc.'s current P/E ratio is 13.5x. The historical average is 46.5x.
What is Shift4 Payments, Inc.'s EV/EBITDA?
Shift4 Payments, Inc.'s current EV/EBITDA is 10.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 32.2x.
What is Shift4 Payments, Inc.'s ROE?
Shift4 Payments, Inc.'s return on equity (ROE) is 24.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -15.8%.
Is FOUR stock overvalued?
Based on historical data, Shift4 Payments, Inc. is trading at a P/E of 13.5x. Compare with industry peers and growth rates for a complete picture.
What are Shift4 Payments, Inc.'s profit margins?
Shift4 Payments, Inc. has 29.2% gross margin and 7.4% operating margin.
How much debt does Shift4 Payments, Inc. have?
Shift4 Payments, Inc.'s Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.