FOUR - Shift4 Payments, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$63.77
DETAILS
HIGH:
$101.00
LOW:
$40.00
MEDIAN:
$65.00
CONSENSUS:
$63.77
UPSIDE:
23.71%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 4,180 | 3,330.6 | 2,564.8 | 1,993.6 | 1,367.5 | 766.9 | 731.4 | 560.6 |
| Cost of Revenue | 2,752 | 2,357.5 | 1,877 | 1,523.4 | 1,089.1 | 589.1 | 558 | 419.9 |
| Gross Profit | 1,428 | 973.1 | 687.8 | 470.2 | 278.4 | 177.8 | 173.4 | 140.7 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0.5 | 1.8 | 1.2 | 1.6 | 1.6 |
| SG&A Expenses | 801 | 522.6 | 377.5 | 315.6 | 265.2 | 194.7 | 141.1 | 93.3 |
| Other Expenses | 276 | 203.5 | 194.3 | 59.4 | 60.4 | 39.5 | 35.1 | 58.9 |
| Operating Expenses | 1,077 | 726.1 | 573 | 375.5 | 327.4 | 235.4 | 177.8 | 153.8 |
| Operating Income | ||||||||
| Operating Income | 351 | 247 | 114.8 | 94.7 | (49.2) | (57.6) | (4.4) | (13.1) |
| Interest Expense | 190 | 61.8 | 32.1 | 32.5 | 28 | 40.2 | 51.5 | 47 |
| Interest Income | 59 | 33.7 | 31.9 | 10.8 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | 817 | 356.8 | 366.2 | 268.5 | 55.3 | 10.6 | 59.2 | 63.2 |
| EBIT | 385 | 60.2 | 151.6 | 119.4 | (49.1) | (73.6) | (3.4) | 6.7 |
| Income Before Tax | 195 | (1.6) | 119.5 | 86.9 | (77.1) | (113.8) | (54.9) | (59.5) |
| Income Tax Expense | 48 | (296.1) | (3.4) | 0.2 | (3.1) | (2.4) | 1.7 | (4.1) |
| Net Income | 119 | 229.6 | 86.2 | 75.1 | (48.9) | (18.4) | (56.6) | (55.4) |
| Per Share Data | ||||||||
| EPS (Basic) | 1.15 | 3.36 | 1.45 | 1.34 | -0.89 | -0.43 | -1.23 | -1.42 |
| EPS (Diluted) | 1.08 | 3.03 | 1.43 | 1.05 | -0.89 | -0.43 | -1.23 | -1.42 |
| Shares Outstanding | 68.1 | 67.7 | 59.7 | 56.2 | 54.9 | 45.0 | 45.9 | 39.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 964 | 1,211.9 | 455 | 776.5 | 1,231.5 | 927.8 | 3.7 | 4.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 742 | 348.7 | 256.8 | 196.9 | 208.2 | 94.2 | 85.9 | 56 |
| Inventory | 0 | 8.9 | 3.4 | 4.8 | 3.5 | 1.5 | 8.5 | 5.1 |
| Other Current Assets | 350 | 340.9 | 438.1 | 4.9 | 0.3 | 1 | 2.2 | 0.5 |
| Total Current Assets | 2,181 | 1,910.4 | 1,153.3 | 991.7 | 1,453.6 | 1,033.5 | 106.4 | 70.2 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 342 | 229.2 | 174.5 | 122.5 | 95.3 | 51.7 | 15.4 | 26.2 |
| Goodwill | 2,704 | 1,455.6 | 1,111.3 | 735 | 537.7 | 477 | 421.3 | 391.8 |
| Intangible Assets | 3,010 | 915.6 | 778.4 | 306.8 | 188.5 | 186.3 | 235.6 | 230.7 |
| Long-Term Investments | 0 | 2.5 | 62.2 | 47.1 | 30.5 | (34.4) | 0 | (3.4) |
| Other Non-Current Assets | 85 | 131.3 | 108.1 | 339.2 | 37 | 30.8 | 5.3 | 19.8 |
| Total Non-Current Assets | 6,532 | 3,131 | 2,234.5 | 1,562.3 | 889 | 745.8 | 677.6 | 668.5 |
| Total Assets | 8,713 | 5,041.4 | 3,387.8 | 2,554 | 2,342.6 | 1,779.3 | 784 | 738.7 |
| Current Liabilities | ||||||||
| Account Payables | 679 | 248.3 | 204.6 | 166.7 | 121.1 | 60.6 | 58.1 | 44.2 |
| Short-Term Debt | 10 | 686.9 | 0 | 5.3 | 4.8 | 0.9 | 5.3 | 4.8 |
| Deferred Revenue | 13 | 15.5 | 20.6 | 16.3 | 15 | 7.8 | 5.6 | 4.6 |
| Other Current Liabilities | 366 | 297.6 | 424.6 | 64.7 | 8.1 | 10.3 | 38.5 | 25.9 |
| Total Current Liabilities | 1,314 | 1,379.8 | 704.4 | 268.3 | 183.8 | 99.4 | 129.9 | 97.8 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 4,536 | 2,154.1 | 1,750.2 | 1,741.9 | 1,738.5 | 1,005.4 | 635.1 | 548.7 |
| Deferred Tax Liabilities | 471 | 60.6 | 28.7 | 18.6 | 0.3 | 2.8 | 4.1 | 4.1 |
| Other Non-Current Liabilities | 382 | 399.9 | 17.3 | 26.5 | 2.4 | 1.7 | 0 | (35.2) |
| Total Non-Current Liabilities | 5,442 | 2,643.9 | 1,815 | 1,805.1 | 1,759.1 | 1,009.9 | 687 | 599.5 |
| Total Liabilities | 6,756 | 4,023.7 | 2,519.4 | 2,073.4 | 1,942.9 | 1,109.3 | 816.9 | 697.3 |
| Stockholders' Equity | ||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.3 |
| Retained Earnings | (467) | (228.2) | (346.7) | (363.6) | (325.3) | (278.7) | (178.4) | (113.3) |
| Accumulated Other Comprehensive Income | 47 | (28.2) | 14.1 | 8.3 | 0 | 0 | (43) | (28.1) |
| Total Stockholders' Equity | 1,442 | 806.6 | 653.3 | 347.3 | 272.8 | 459.6 | (28.9) | 41.4 |
| Total Liabilities & Equity | 8,713 | 5,041.4 | 3,387.8 | 2,554 | 2,342.6 | 1,779.3 | 788 | 738.7 |
| Debt Metrics | ||||||||
| Total Debt | 4,616 | 2,881.3 | 1,776.8 | 1,765.3 | 1,761.2 | 1,006.3 | 640.4 | 553.5 |
| Net Debt | 3,652 | 1,669.4 | 1,321.8 | 988.8 | 529.7 | 78.5 | 636.7 | 548.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 119 | 294.5 | 86.2 | 86.7 | (74) | (111.4) | (13.8) | (55.4) |
| Depreciation & Amortization | 447 | 296.6 | 214.6 | 149.1 | 104.4 | 84.2 | 63.2 | 70.8 |
| Stock-Based Compensation | 0 | 65.5 | 57.4 | 49.6 | 40.8 | 66.2 | 0 | 0 |
| Change in Working Capital | (71) | (75.9) | (52.9) | 23.1 | (57.8) | (26) | (4.9) | 7.8 |
| Other Non-Cash Items | 139 | 241.6 | 91.1 | (31) | 18.3 | 11.7 | (18) | 6.3 |
| Operating Cash Flow | 634 | 500.3 | 388.3 | 275.4 | 29.2 | 23.4 | 26.7 | 25.5 |
| Investing Activities | ||||||||
| Capital Expenditure | (135) | (189.7) | (137.6) | (380) | (85.5) | (32.9) | (19.9) | (9.3) |
| Acquisitions | (2,745) | (554.6) | (169.7) | (135.3) | (54.5) | (49.8) | (60.2) | (1.5) |
| Purchases of Investments | 0 | 0 | 0 | (1.5) | (30.5) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 126.4 | 14.9 | 364.9 | (31.4) | 0 | 0 | 0 |
| Other Investing Activities | (118) | (154.5) | (55.6) | (364.9) | 5.2 | (19.4) | (18.7) | (30.6) |
| Investing Cash Flow | (2,998) | (691.1) | (301.9) | (516.8) | (196.7) | (102.1) | (98.8) | (41.4) |
| Financing Activities | ||||||||
| Net Debt Issuance | 1,705 | 1,173.2 | 0 | 0 | 631.6 | 475.4 | 85.8 | 14.7 |
| Stock Repurchased | (487) | (145.9) | (105.4) | (185.9) | (19.5) | 0 | (0.2) | (0.2) |
| Dividends Paid | (30) | 0 | 0 | 0 | 0 | (0.9) | (8.5) | (0.2) |
| Other Financing Activities | 867 | (98.1) | (46.8) | (28.7) | (15.3) | (37.1) | (6.1) | (3) |
| Financing Cash Flow | 2,055 | 929.2 | (152.2) | (214.6) | 471.2 | 1,002.8 | 71 | 11.3 |
| Cash Position | ||||||||
| Net Change in Cash | (253.6) | 716.8 | (54.7) | (455) | 303.7 | 924.1 | (1.1) | (4.6) |
| Cash at Beginning | 1,438.6 | 721.8 | 776.5 | 1,231.5 | 927.8 | 3.7 | 4.8 | 9.4 |
| Cash at End | 1,185 | 1,438.6 | 721.8 | 776.5 | 1,231.5 | 927.8 | 3.7 | 4.8 |
| Free Cash Flow | 499 | 310.6 | 250.7 | (104.6) | (56.3) | (9.5) | 6.8 | 16.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 4,180 | 3,330.6 | 2,564.8 | 1,993.6 | 1,367.5 | 766.9 | 731.4 | 560.6 |
| Gross Profit | 1,428 | 973.1 | 687.8 | 470.2 | 278.4 | 177.8 | 173.4 | 140.7 |
| Operating Income | 351 | 247 | 114.8 | 94.7 | (49.2) | (57.6) | (4.4) | (13.1) |
| Net Income | 119 | 229.6 | 86.2 | 75.1 | (48.9) | (18.4) | (56.6) | (55.4) |
| EPS (Diluted) | 1.08 | 3.03 | 1.43 | 1.05 | -0.89 | -0.43 | -1.23 | -1.42 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 964 | 1,211.9 | 455 | 776.5 | 1,231.5 | 927.8 | 3.7 | 4.8 |
| Total Assets | 8,713 | 5,041.4 | 3,387.8 | 2,554 | 2,342.6 | 1,779.3 | 784 | 738.7 |
| Total Debt | 4,616 | 2,881.3 | 1,776.8 | 1,765.3 | 1,761.2 | 1,006.3 | 640.4 | 553.5 |
| Stockholders' Equity | 1,442 | 806.6 | 653.3 | 347.3 | 272.8 | 459.6 | (28.9) | 41.4 |
| Cash Flow | ||||||||
| Operating Cash Flow | 634 | 500.3 | 388.3 | 275.4 | 29.2 | 23.4 | 26.7 | 25.5 |
| Capital Expenditure | (135) | (189.7) | (137.6) | (380) | (85.5) | (32.9) | (19.9) | (9.3) |
| Free Cash Flow | 499 | 310.6 | 250.7 | (104.6) | (56.3) | (9.5) | 6.8 | 16.2 |