Skip to content

Shift4 Payments FOUR Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin35.1%+0.9pp34.2%+1.6pp32.6%+2.1pp30.5%+0.5pp30%+0.8pp
Operating margin8.4%0.0pp8.4%+0.4pp8%+0.4pp7.6%+0.4pp7.2%-0.2pp
Net margin2.6%-0.2pp2.9%-2.2pp5%-1.1pp6.1%-0.4pp6.5%-0.4pp
EBITDA margin19.3%+0.5pp18.7%+0.9pp17.8%+0.9pp16.9%+0.6pp16.3%0.0pp
Free cash flow margin14.8%-0.2pp14.9%+1.2pp13.7%-0.3pp14%+0.3pp13.7%-1.1pp
Returns
Return on equity9.5%-1.1pp10.6%-5.1pp15.8%-3.5pp19.3%-11.3pp30.6%-0.9pp
Return on assets1.7%0.0pp1.7%-1.1pp2.8%-1.4pp4.2%-1.2pp5.4%-0.1pp
Return on invested capital6.2%+0.6pp5.6%-0.2pp5.8%-1.3pp7.1%-1.1pp8.2%+0.1pp
Efficiency
Asset turnover0.6×0.0×0.6×+0.1×0.6×-0.1×0.7×-0.1×0.8×0.0×
Liquidity
Current ratio1.2×-0.4×1.7×+0.3×1.4×-1.2×2.5×+1.2×1.4×0.0×
Quick ratio1.2×-0.4×1.7×+0.3×1.4×-1.2×2.5×+1.2×1.4×0.0×
Cash ratio-0.1×0.1×0.0×0.1×0.0×0.1×0.0×0.0×
Leverage
Debt-to-equity2.8×-0.4×3.2×+0.3×2.9×+0.5×2.4×-1.2×3.6×0.0×
Debt-to-assets0.5×0.0×0.5×0.0×0.5×0.0×0.5×0.0×0.6×0.0×
Net debt / EBITDA5.3×-0.4×5.7×-1.0×6.7×+0.8×+1.0×-0.2×
Interest coverage1.7×-0.2×1.8×-0.1×-0.4×2.4×-0.6×-1.0×
Per Share
Book value per share$22.45-97.9%$1,081.21+5,687%$18.68+3.2%$18.11+107%$8.74-98.2%
Valuation
Market capitalization$3.6B-16.9%$4.33B-18.4%$5.31B-20.5%$6.69B+18.1%$5.66B-22.4%
Enterprise value$8.18B-7.2%$8.82B-11.6%$9.97B-3.5%$10.33B+21.7%$8.49B-16.1%
Price / earnings30.7×-5.6×36.3×+9.2×27.2×-3.1×30.2×+5.2×25×-6.7×
Price / sales0.8×-0.2×-0.3×1.4×-0.5×1.9×+0.2×1.6×-0.6×
Price / book2.2×-0.8×-0.2×3.2×-1.0×4.2×-2.8×-2.0×
EV / EBITDA9.5×-1.7×11.3×-3.2×14.4×-2.5×17×+2.0×15×-3.6×
EV / sales1.8×-0.3×2.1×-0.5×2.6×-0.3×2.9×+0.4×2.4×-0.6×
Free cash flow yield18.2%+3.8pp14.4%+4.4pp10%+2.4pp7.6%-0.8pp8.4%+1.6pp
Earnings yield3.3%+0.5pp2.8%-0.9pp3.7%+0.4pp3.3%-0.7pp4%+0.8pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

What are Shift4 Payments's profit margins?
Shift4 Payments (FOUR) runs a 35.1% gross margin and a 8.4% operating margin, with a 2.6% net margin.
Where do Shift4 Payments's ratios come from?
Every ratio is computed from Shift4 Payments's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.