Shift4 Payments FOUR Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 35.1%+5.1pp | 34.2%+5.0pp | 32.6%+4.6pp | 30.5%+3.3pp | 30%+3.2pp | |
| Operating margin | 8.4%+1.2pp | 8.4%+1.0pp | 8%+2.0pp | 7.6%+2.4pp | 7.2%+2.5pp | |
| Net margin | 2.6%-3.9pp | 2.9%-4.1pp | 5%+1.0pp | 6.1%+2.5pp | 6.5%+3.2pp | |
| EBITDA margin | 19.3%+2.9pp | 18.7%+2.4pp | 17.8%+3.1pp | 16.9%+2.9pp | 16.3%+3.1pp | |
| Free cash flow margin | 14.8%+1.1pp | 14.9%+0.1pp | 13.7%+0.2pp | 14%+0.6pp | 13.7%+0.1pp | |
| Returns | ||||||
| Return on equity | 9.5%-21.1pp | 10.6%-20.9pp | 15.8%-5.2pp | 19.3%-0.7pp | 30.6%+13.4pp | |
| Return on assets | 1.7%-3.7pp | 1.7%-3.7pp | 2.8%-0.5pp | 4.2%+0.7pp | 5.4%+2.3pp | |
| Return on invested capital | 6.2%-2.1pp | 5.6%-2.6pp | 5.8%0.0pp | 7.1%+0.5pp | 8.2%+2.7pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×-0.2× | 0.6×-0.2× | 0.6×-0.3× | 0.7×-0.3× | 0.8×-0.1× | |
| Liquidity | ||||||
| Current ratio | 1.2×-0.1× | 1.7×+0.3× | 1.4×-1.6× | 2.5×+1.2× | 1.4×-0.3× | |
| Quick ratio | 1.2×-0.1× | 1.7×+0.3× | 1.4×-1.6× | 2.5×+1.2× | 1.4×-0.3× | |
| Cash ratio | 0×0.0× | 0.1×+0.1× | 0.1×0.0× | 0.1×+0.1× | 0×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 2.8×-0.8× | 3.2×-0.4× | 2.9×-1.5× | 2.4×-0.2× | 3.6×+0.9× | |
| Debt-to-assets | 0.5×-0.1× | 0.5×0.0× | 0.5×-0.2× | 0.5×0.0× | 0.6×+0.1× | |
| Net debt / EBITDA | 5.3×+0.3× | 5.7×+0.5× | 6.7×-0.9× | 6×+1.6× | 5×+0.1× | |
| Interest coverage | 1.7×-1.4× | 1.8×-2.1× | 2×-2.5× | 2.4×-2.4× | 3×-1.0× | |
| Per Share | ||||||
| Book value per share | $22.45+157% | $1,081.21+124% | $18.68+106% | $18.11+69.5% | $8.74-14.6% | |
| Valuation | ||||||
| Market capitalization | $3.6B-36.4% | $4.33B-40.6% | $5.31B-9.3% | $6.69B+37.8% | $5.66B+34.1% | |
| Enterprise value | $8.18B-3.7% | $8.82B-12.9% | $9.97B+6.1% | $10.33B+55.8% | $8.49B+41.7% | |
| Price / earnings | 30.7×+5.7× | 36.3×+4.6× | 27.2×-18.9× | 30.2×-15.6× | 25×-21.0× | |
| Price / sales | 0.8×-0.8× | 1×-1.2× | 1.4×-0.5× | 1.9×+0.2× | 1.6×+0.1× | |
| Price / book | 2.2×-4.9× | 3×-6.0× | 3.2×-4.0× | 4.2×-2.7× | 7×+0.8× | |
| EV / EBITDA | 9.5×-5.4× | 11.3×-7.3× | 14.4×-5.8× | 17×+0.6× | 15×-1.6× | |
| EV / sales | 1.8×-0.6× | 2.1×-0.9× | 2.6×-0.4× | 2.9×+0.6× | 2.4×+0.2× | |
| Free cash flow yield | 18.2%+9.9pp | 14.4%+7.6pp | 10%+2.8pp | 7.6%-0.5pp | 8.4%-0.4pp | |
| Earnings yield | 3.3%-0.7pp | 2.8%-0.4pp | 3.7%+1.5pp | 3.3%+1.1pp | 4%+1.8pp |
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.
