Shift4 Payments, Inc. Financial Ratios — FOUR Stock

Profitability (USD)

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	-13.16	24.22	17.19	31.5	12.38
Return on Assets (%)	- -	-7.43	-1.44	-2.34	3.07	2.89	5.46	1.73
Return on Capital (%)	- -	- -	- -	- -	4.35	- -	- -	4.47
Return on Invested Capital (%)	- -	- -	- -	- -	4.31	- -	- -	5.07
Gross Margin (%)	25.1	23.71	23.18	20.36	23.59	26.82	29.21	34.16
EBITDA Margin (%)	10.29	7.96	3.47	4.04	12.23	12.87	16.33	18.73
Operating Margin (%)	1.25	-0.08	-8.31	-3.58	2.91	6.12	7.54	8.06
Incremental Operating Margin (%)	- -	- -	- -	2.45	17.11	17.31	12.27	10.13
Pretax Margin (%)	-10.61	-7.51	-14.84	-5.64	4.36	4.68	-0.03	4.67
Profit Margin (%)	-9.88	-7.74	-2.4	-3.52	3.77	3.35	6.9	2.85
Net Income to Common Margin (%)	-9.88	-7.74	-2.4	-3.52	3.77	3.35	6.9	1.89
Effective Tax Rate (%)	- -	- -	- -	- -	0.23	- -	- -	24.62
Dvd Payout Ratio (%)	-0.36	-0.35	-0.24	- -	- -	- -	- -	-7.41
Sustainable Growth Rate (%)	- -	- -	- -	-13.16	24.22	17.19	31.5	13.3

Credit (USD)

Credit Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	554	640	1,006	1,761	1,765	1,777	2,881	4,616
ST Debt	5	5	1	5	5	8	698	27
LT Debt	549	635	1,005	1,756	1,760	1,769	2,183	4,589
Total Debt/EBITDA	9.59	11	37.83	31.91	7.24	5.38	5.3	5.9
Net Debt/EBITDA	9.51	10.94	2.95	9.18	4.26	3.92	2.99	4.57
Total Debt/EBIT	-42.25	-145.55	-17.47	-35.8	18.64	15.45	11.66	13.15
Net Debt/EBIT	-41.89	-144.7	-1.36	-10.3	10.98	11.26	6.6	10.21
EBITDA to Interest Expense	1.23	1.13	0.66	1.97	7.5	10.31	8.77	4.12
EBITDA-CapEx/Interest Expense	1.11	0.91	0.08	-0.33	-2.88	7.09	6.77	3.27
EBIT to Interest Expense	0.15	-0.01	-1.58	-1.75	1.79	4.91	4.05	1.77
Interest Expense	47	52	40	28	33	32	62	190
Common Equity/Total Assets	5.6	-4.2	25.83	11.65	13.6	19.28	16.01	5.38
Long-Term Debt/Equity (%)	1,325.36	- -	150.06	439.43	366.21	203.71	214.44	234.49
Long-Term Debt/Capital (%)	92.23	104.54	59.98	81.28	78.37	66.88	55.99	69.82
Long-Term Debt/Total Assets (%)	74.28	81.01	56.51	74.98	68.91	52.22	43.3	52.67
Total Debt/Equity (%)	1,336.96	-1,946.5	150.19	440.63	367.31	204.61	283.01	235.87
Total Debt/Capital (%)	93.04	105.42	60.03	81.5	78.6	67.17	73.89	70.23
Total Debt/Total Assets (%)	74.93	81.68	56.56	75.18	69.12	52.45	57.15	52.98
Net Debt to Equity	1,325.36	-1,935.26	11.72	126.85	216.27	149.15	160.02	183.04
Net Debt/Capital (%)	92.98	105.45	10.49	54.55	67.34	59.14	60.63	63.86
EBITDA	58	58	27	55	244	330	544	783
EBITDA-CapEx	52	47	3	-9	-93	227	420	621
Operating Income (Loss)	7	-1	-64	-49	58	157	251	337

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.05	0.03	9.33	6.7	2.62	0.65	0.88	0.73
Current Ratio	0.72	0.82	10.4	7.91	3.7	1.64	1.39	1.66
Quick Ratio	0.62	0.69	10.28	7.83	3.35	1.01	1.13	1.3
CFO/Avg Current Liab	- -	0.07	0.03	0.02	1.22	0.71	0.48	0.47
Common Equity/Total Assets	5.6	-4.2	25.83	11.65	13.6	19.28	16.01	5.38
Long-Term Debt/Equity (%)	1,325.36	- -	150.06	439.43	366.21	203.71	214.44	234.49
Long-Term Debt/Capital (%)	92.23	104.54	59.98	81.28	78.37	66.88	55.99	69.82
Long-Term Debt/Total Assets (%)	74.28	81.01	56.51	74.98	68.91	52.22	43.3	52.67
Total Debt/Equity (%)	1,336.96	-1,946.5	150.19	440.63	367.31	204.61	283.01	235.87
Total Debt/Capital (%)	93.04	105.42	60.03	81.5	78.6	67.17	73.89	70.23
Total Debt/Total Assets (%)	74.93	81.68	56.56	75.18	69.12	52.45	57.15	52.98
CFO/Total Liabilities	3.66	0.98	0.36	0.15	13.28	13.73	12.43	9.38
CFO/CapEx	4.81	0.7	0.17	0.05	0.82	3.36	4.03	3.91
Altman's Z-Score	- -	- -	- -	- -	- -	3.27	2.79	2.26

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	10.91	8.95	9.16	9.95	11.35	11	7.66
Days Sales Outstanding	- -	33.46	40.76	39.85	36.7	32.15	33.19	47.63
Inventory Turnover	- -	82.06	117.82	435.64	367.08	457.8	383.41	- -
Days Inventory Outstanding	- -	4.45	3.1	0.84	0.99	0.8	0.95	- -
Accounts Payable Turnover	- -	10.98	9.81	12.01	10.6	10.1	10.44	- -
Accounts Payable Turnover Days	- -	33.26	37.21	30.39	34.45	36.13	34.95	- -
Cash Conversion Cycle	- -	4.65	6.65	10.3	3.25	-3.19	-0.81	- -
Inventory to Cash Days	- -	29.01	37.67	39.01	35.71	31.35	32.24	- -
Inventories	5	9	2	4	5	3	9	- -
Raw Materials	5	9	2	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	4	5	3	9	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	4,642	7,179	4,096
- Cash & Cash Equivalents	5	4	928	1,232	703	455	1,212	964
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	973
+ Minority/Non Controlling Interest	- -	- -	210	127	133	215	211	515
+ Total Debt	554	640	1,006	1,761	1,765	1,777	2,881	4,616
Enterprise Value	- -	- -	- -	- -	- -	6,179	9,059	9,236
Total Capital	595	608	1,676	2,161	2,246	2,645	3,899	6,573
Total Debt/Capital (%)	93.04	105.42	60.03	81.5	78.6	67.17	73.89	70.23
Total Debt / EV	- -	- -	- -	- -	- -	0.29	0.32	0.5
EV/Sales	- -	- -	- -	- -	- -	2.41	2.72	2.21
EV/EBITDA	- -	- -	- -	- -	- -	18.72	16.65	11.8
EV/EBIT	- -	- -	- -	- -	- -	53.73	36.68	26.31
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	11.88
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	15.01
Diluted Market Cap	- -	- -	- -	- -	- -	4,540	9,487	5,623
Diluted Enterprise Value	- -	- -	- -	- -	- -	6,077	11,367	10,763
EV per Share	- -	- -	- -	- -	- -	99.08	130.8	142.55
TTM Sales	561	731	767	1,368	1,994	2,565	3,331	4,180
TTM EBITDA	58	58	27	55	244	330	544	783
TTM Operating Income	7	-1	-64	-49	58	157	251	337
TTM Cash Flow to Firm	- -	- -	- -	- -	308	- -	- -	777
TTM Free Cash Flow to Firm	- -	- -	- -	- -	-29	- -	- -	615

Multiples (USD)

Valuation Multiples API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	18.68	25.23	11.91
EV/EBIT	- -	- -	- -	- -	- -	53.73	36.68	26.31
Enterprise Value	- -	- -	- -	- -	- -	6,179	9,059	9,236
Low Price	- -	- -	- -	- -	- -	47.59	57.39	63.02
EV/Sales	- -	- -	- -	- -	- -	2.41	2.72	2.21
EV/EBITDA	- -	- -	- -	- -	- -	18.72	16.65	11.8
Price/Earnings	- -	- -	- -	- -	- -	51.66	30.5	54.46
Price/Earnings Average	- -	- -	- -	- -	- -	43.71	23.06	68.06
Price/Earnings High	- -	- -	- -	- -	- -	51.66	30.5	99.15
Price/Earnings Low	- -	- -	- -	- -	- -	33.03	16.89	54.29
Price/Book Value	- -	- -	- -	- -	- -	7.11	8.9	8.73
Price/Book Value Average	- -	- -	- -	- -	- -	6.01	6.73	10.91
Price/Book Value High	- -	- -	- -	- -	- -	7.11	8.9	15.9
Price/Book Value Low	- -	- -	- -	- -	- -	4.54	4.93	8.71
Price/Tangible Book Value	- -	- -	- -	- -	- -	-3.6	-4.41	-0.78
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	-3.05	-3.33	-0.98
Price/Tangible Book Value High	- -	- -	- -	- -	- -	-3.6	-4.41	-1.42
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	-2.3	-2.44	-0.78
Price/Sales	- -	- -	- -	- -	- -	1.73	2.11	1.03
Price/Sales Average	- -	- -	- -	- -	- -	1.47	1.59	1.29
Price/Sales High	- -	- -	- -	- -	- -	1.73	2.11	1.87
Price/Sales Low	- -	- -	- -	- -	- -	1.11	1.17	1.03
Price/Cash Flow	- -	- -	- -	- -	- -	12.84	14.03	6.79
Price/Cash Flow Average	- -	- -	- -	- -	- -	10.86	10.61	8.48
Price/Cash Flow High	- -	- -	- -	- -	- -	12.84	14.03	12.36
Price/Cash Flow Low	- -	- -	- -	- -	- -	8.21	7.77	6.77
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	15.81	19.08	14.89
Price/Free Cash Flow High	- -	- -	- -	- -	- -	18.68	25.23	21.69
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	11.95	13.97	11.88
EV/Sales Average	- -	- -	- -	- -	- -	2.13	2.19	2.45
EV/Sales High	- -	- -	- -	- -	- -	2.41	2.72	3.01
EV/Sales Low	- -	- -	- -	- -	- -	1.76	1.76	2.21
EV/EBITDA Average	- -	- -	- -	- -	- -	16.56	13.43	13.1
EV/EBITDA High	- -	- -	- -	- -	- -	18.72	16.65	16.09
EV/EBITDA Low	- -	- -	- -	- -	- -	13.65	10.76	11.78
EV/EBIT Average	- -	- -	- -	- -	- -	47.52	29.59	29.23
EV/EBIT High	- -	- -	- -	- -	- -	53.73	36.68	35.89
EV/EBIT Low	- -	- -	- -	- -	- -	39.17	23.7	26.28
Last Price	- -	- -	- -	- -	- -	74.44	103.65	63.22
High Price	- -	- -	- -	- -	- -	74.44	103.65	115.09
Enterprise Value Average	- -	- -	- -	- -	- -	5,465	7,308	10,258
Enterprise Value High	- -	- -	- -	- -	- -	6,179	9,059	12,597
Enterprise Value Low	- -	- -	- -	- -	- -	4,505	5,855	9,223

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	42	42	50	56	57	62	69	65
Diluted Weighted Avg Shares	39	39	45	55	83	61	92	89
Basic Weighted Avg Shares	39	39	45	55	56	60	68	68
Revenue per Share	14.36	18.74	17.03	24.9	35.49	42.98	49.22	61.42
EBITDA per Share	1.48	1.49	0.59	1.01	4.34	5.53	8.04	11.5
Operating Income per Share	0.18	-0.02	-1.41	-0.89	1.03	2.63	3.71	4.95
Basic EPS, GAAP	-1.42	-1.45	-0.41	-0.88	1.34	1.44	3.4	1.16
Basic EPS from Cont Ops	-1.42	-1.45	-2.47	-1.35	1.54	2.06	4.36	2.16
Diluted EPS, GAAP	-1.42	-1.45	-0.41	-0.88	0.91	1.41	2.51	0.89
Diluted EPS from Cont Ops	-1.42	-1.45	-2.47	-1.35	1.05	2.02	3.22	1.65
Dividend per Share	0.01	0.01	0.01	- -	- -	- -	- -	0.44
Cash Flow per Share	0.65	0.2	0.09	0.05	4.9	5.8	7.39	9.32
Free Cash Flow per Basic Share	0.52	-0.09	-0.43	-1.12	-1.1	4.07	5.56	6.93
Cash & Equivalents per Share	0.11	0.09	18.58	21.82	12.32	7.3	17.5	14.88
Book Value per Share	0.98	-0.78	9.21	4.83	6.09	10.48	11.65	7.24
Tangible Book Value per Share	-13.82	-16.41	-4.08	-8.03	-18.14	-20.66	-23.52	-80.95