Shift4 Payments, Inc. (New York Stock Exchange:FOUR)
Insiders here have filed 2 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $4.78B
- Net income
- $90.1M
- Net margin
- 1.9%
Heavily indebted for what it earns.
- Total debt
- $4.57B
- Cash
- $356.0M
- Net debt / EBITDA
- 4.61x
Covers near-term obligations, without much room.
- Current assets
- $2.07B
- Current liabilities
- $1.71B
- Current ratio
- 1.21
The business funds itself from operations.
- Operating cash flow
- $592.8M
- Free cash flow
- $513.5M
- FCF margin
- 10.7%
Heavy dilution — shareholders are paying for the business.
- Shares outstanding
- 79.3M
- Share growth (1y)
- 16.9%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
FOUR Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 1.29 B | 1.12 B | 1.19 B | 1.18 B | 966.20 M | 848.30 M |
| Revenue Growth (YoY) | 34.03 % | 32.15 % | 34.05 % | 29.44 % | 16.83 % | 19.92 % |
| Cost of Revenue | 849.00 M | 729.00 M | 739.00 M | 747.90 M | 673.70 M | 591.30 M |
| Gross Profit | 446.00 M | 392.00 M | 450.00 M | 429.00 M | 292.50 M | 257.00 M |
| SG&A Expense | 242.00 M | 248.00 M | 238.00 M | 231.40 M | 152.70 M | 179.30 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 351.00 M | 342.00 M | 322.00 M | 314.40 M | 209.40 M | 231.60 M |
| Operating Income | 95.00 M | 50.00 M | 128.00 M | 114.60 M | 83.10 M | 25.40 M |
| Pretax Income | 37.00 M | -12.00 M | 67.00 M | 60.50 M | 55.70 M | 11.40 M |
| Tax Provision | 13.00 M | -24.00 M | 14.00 M | 27.10 M | 14.60 M | -8.10 M |
| Net Income | 22.00 M | 15.00 M | 25.00 M | 28.10 M | 34.00 M | 16.70 M |
| EPS (Basic) | 0.09 | -0.01 | 0.37 | 0.19 | 0.35 | 0.24 |
| EPS (Diluted) | 0.09 | -0.01 | 0.37 | 0.14 | 0.32 | 0.20 |
| Shares Outstanding | 79.28 M | 73.64 M | 67.42 M | 67.80 M | 67.80 M | 69.15 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.