Shift4 Payments (FOUR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Shift4 Payments

NYSE•Technology•Software - Infrastructure

$42.09-0.26(-0.01%)Pre-market

Market Cap

$3.16B

P/E

30.0x

P/S

0.7x

P/B

2.0x

Shift4 Payments, Inc. engages in the provision of software and payment processing solutions in the United States and internationally. The company offers a payments platform, which provides omnichannel card acceptance; and processing solutions across multiple payment types, including credit, debit, contactless card, Europay, MasterCard and Visa, QR Pay, and mobile wallets, as well as alternative payment methods, such as Apple Pay, Google Pay, Alipay, and WeChat Pay. It also provides technology solutions, such as SkyTab POS, which provides purpose-built POS workstations; SkyTab Mobile, which provides pay-at-the-table, order-at-the-table, delivery, customer feedback, and email marketing solutions; SkyTab Venue, which provides mobile ordering, countertop POS, self-service kiosk, and digital wallet solutions; Lighthouse, a cloud-based suite of business intelligence tools that includes customer engagement, social media management, online reputation management, scheduling and product pricing, extensive reporting, and analytics; The Giving Block, a cryptocurrency donation marketplace; Shift4Shop, an e-commerce platform that creates a web store and tools to manage product catalog, order fulfillment and inventory management, search engine optimization, and secure hosting; and Marketplace, which enables integrations into third-party applications, as well as loyalty and inventory management. In addition, the company offers merchant operations and support services, including underwriting, onboarding, and activation; training; risk management; and support services. Further, it provides software partner operations and support services, including software integrations and compliance management; partner support; and partner services. The company distributes its products through independent software vendors, internal sales and support networks, enterprises, and value-added resellers. Shift4 Payments, Inc. was founded in 1999 and is headquartered in Center Valley, Pennsylvania.

How this company scores

AverageMetricSide Score: 57/100

Strongest: Cash & Earnings Quality (21/25); weakest: Balance Sheet & Red Flags (11/25).

Profitability11/25

Growth14/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality21/25

Strengths

Growing revenueInterest easily coveredCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 30.0x5y range 0.0x – 30.0x

Currently above its 17-quarter median.

P/S · 0.7x5y range 0.0x – 0.7x

Currently above its 20-quarter median.

P/B · 2.0x5y range 0.0x – 2.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Leverage Risk

Watch

D/E ratio of 2.8 is elevated and rising. Watch for further debt accumulation.

Share Dilution

Red Flag

Shares outstanding increased 228901.7% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $3.16B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.78B
Q. Revenue: $1.29B
TTM EBITDA: $919.90M
TTM Op. Income: $387.50M
Q. Op. Income: $95.00M
TTM Net Income: $105.30M
Q. Net Income: $22.00M
EPS: N/A
Shares Out.: $76.48M

$4.78B in TTM revenue grew 32.4% YoY, reaching $1.29B last quarter. TTM EBITDA of $919.90M and TTM operating income of $387.50M show growth is flowing through to the bottom line. TTM net income of $105.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 18.1%
Op. Margin: 7.3%
Net Margin: 1.7%

Op. margin of 7.3% is down 1.3% YoY — costs are rising relative to revenue. Net margin at 1.7% Over the past year, operating margin is down 15% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 30.0x
P/S Ratio: 0.7x
P/B Ratio: 2.0x

At 30.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.7x and P/B of 2.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.70B
Cash: $356.00M
Long-Term Debt: $4.50B
Book Value: $1.62B
D/E Ratio: 2.8
Debt/EBITDA: 19.2

With $8.70B in assets and $4.50B in long-term debt, D/E is 2.8and book value is $1.62B — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 46% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $63.00M
TTM Free Cash Flow: $572.90M
FCF Margin: 12.0%
FCF / Net Income: 5.4

TTM FCF of $572.90M on $63.00M in operating cash flow. The FCF / Net Income ratio of 5.4x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 2% — a weakening trend.