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Shift4 Payments FOUR Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin35.1%+5.1pp34.2%+5.0pp32.6%+4.6pp30.5%+3.3pp30%+3.2pp
Operating margin8.4%+1.2pp8.4%+1.0pp8%+2.0pp7.6%+2.4pp7.2%+2.5pp
Net margin2.6%-3.9pp2.9%-4.1pp5%+1.0pp6.1%+2.5pp6.5%+3.2pp
EBITDA margin19.3%+2.9pp18.7%+2.4pp17.8%+3.1pp16.9%+2.9pp16.3%+3.1pp
Free cash flow margin14.8%+1.1pp14.9%+0.1pp13.7%+0.2pp14%+0.6pp13.7%+0.1pp
Returns
Return on equity9.5%-21.1pp10.6%-20.9pp15.8%-5.2pp19.3%-0.7pp30.6%+13.4pp
Return on assets1.7%-3.7pp1.7%-3.7pp2.8%-0.5pp4.2%+0.7pp5.4%+2.3pp
Return on invested capital6.2%-2.1pp5.6%-2.6pp5.8%0.0pp7.1%+0.5pp8.2%+2.7pp
Efficiency
Asset turnover0.6×-0.2×0.6×-0.2×0.6×-0.3×0.7×-0.3×0.8×-0.1×
Liquidity
Current ratio1.2×-0.1×1.7×+0.3×1.4×-1.6×2.5×+1.2×1.4×-0.3×
Quick ratio1.2×-0.1×1.7×+0.3×1.4×-1.6×2.5×+1.2×1.4×-0.3×
Cash ratio0.0×0.1×+0.1×0.1×0.0×0.1×+0.1×0.0×
Leverage
Debt-to-equity2.8×-0.8×3.2×-0.4×2.9×-1.5×2.4×-0.2×3.6×+0.9×
Debt-to-assets0.5×-0.1×0.5×0.0×0.5×-0.2×0.5×0.0×0.6×+0.1×
Net debt / EBITDA5.3×+0.3×5.7×+0.5×6.7×-0.9×+1.6×+0.1×
Interest coverage1.7×-1.4×1.8×-2.1×-2.5×2.4×-2.4×-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 / earnings30.7×+5.7×36.3×+4.6×27.2×-18.9×30.2×-15.6×25×-21.0×
Price / sales0.8×-0.8×-1.2×1.4×-0.5×1.9×+0.2×1.6×+0.1×
Price / book2.2×-4.9×-6.0×3.2×-4.0×4.2×-2.7×+0.8×
EV / EBITDA9.5×-5.4×11.3×-7.3×14.4×-5.8×17×+0.6×15×-1.6×
EV / sales1.8×-0.6×2.1×-0.9×2.6×-0.4×2.9×+0.6×2.4×+0.2×
Free cash flow yield18.2%+9.9pp14.4%+7.6pp10%+2.8pp7.6%-0.5pp8.4%-0.4pp
Earnings yield3.3%-0.7pp2.8%-0.4pp3.7%+1.5pp3.3%+1.1pp4%+1.8pp

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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.