WallStSmart

Q2 Holdings (QTWO)vsShopify Inc (SHOP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shopify Inc generates 1354% more annual revenue ($11.56B vs $794.81M). SHOP leads profitability with a 10.6% profit margin vs 6.5%. QTWO appears more attractively valued with a PEG of 8.94. QTWO earns a higher WallStSmart Score of 52/100 (C-).

QTWO

Buy

52

out of 100

Grade: C-

Growth: 8.0Profit: 5.0Value: 2.0Quality: 3.8
Piotroski: 5/9Altman Z: 0.56

SHOP

Hold

48

out of 100

Grade: D+

Growth: 7.3Profit: 7.0Value: 2.0Quality: 8.5
Piotroski: 3/9Altman Z: 4.73
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

QTWOSignificantly Overvalued (-57.1%)

Margin of Safety

-57.1%

Fair Value

$36.04

Current Price

$46.20

$10.16 premium

UndervaluedFair: $36.04Overvalued
SHOPSignificantly Overvalued (-1729.9%)

Margin of Safety

-1729.9%

Fair Value

$6.39

Current Price

$118.42

$112.03 premium

UndervaluedFair: $6.39Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

QTWO1 strengths · Avg: 10.0/10
EPS GrowthGrowth
108.0%10/10

Earnings expanding 108.0% YoY

SHOP5 strengths · Avg: 9.4/10
Revenue GrowthGrowth
30.6%10/10

Revenue surging 30.6% year-over-year

Debt/EquityHealth
0.0910/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.7310/10

Safe zone — low bankruptcy risk

Market CapQuality
$151.59B9/10

Large-cap with strong market position

Operating MarginProfitability
20.3%8/10

Strong operational efficiency at 20.3%

Areas to Watch

QTWO4 concerns · Avg: 2.3/10
Profit MarginProfitability
6.5%3/10

6.5% margin — thin

PEG RatioValuation
8.942/10

Expensive relative to growth rate

P/E RatioValuation
60.6x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.562/10

Distress zone — elevated risk

SHOP4 concerns · Avg: 2.8/10
Price/BookValuation
11.5x4/10

Trading at 11.5x book value

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
9.562/10

Expensive relative to growth rate

P/E RatioValuation
123.6x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : QTWO

The strongest argument for QTWO centers on EPS Growth. Revenue growth of 13.8% demonstrates continued momentum.

Bull Case : SHOP

The strongest argument for SHOP centers on Revenue Growth, Debt/Equity, Altman Z-Score. Revenue growth of 30.6% demonstrates continued momentum.

Bear Case : QTWO

The primary concerns for QTWO are Profit Margin, PEG Ratio, P/E Ratio. A P/E of 60.6x leaves little room for execution misses.

Bear Case : SHOP

The primary concerns for SHOP are Price/Book, Piotroski F-Score, PEG Ratio. A P/E of 123.6x leaves little room for execution misses.

Key Dynamics to Monitor

QTWO profiles as a value stock while SHOP is a growth play — different risk/reward profiles.

SHOP carries more volatility with a beta of 2.90 — expect wider price swings.

SHOP is growing revenue faster at 30.6% — sustainability is the question.

SHOP generates stronger free cash flow (715M), providing more financial flexibility.

Bottom Line

QTWO scores higher overall (52/100 vs 48/100) and 13.8% revenue growth. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Q2 Holdings

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Q2 Holdings, Inc. provides cloud-based digital banking solutions to Community and Regional Financial Institutions (RCFIs) in the United States. The company is headquartered in Austin, Texas.

Shopify Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Shopify Inc., a commerce company, offers a commerce and service platform in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company is headquartered in Ottawa, Canada.

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