(FOUR) Shift4 Payments - Overview

Sector: Technology | Industry: Software - Infrastructure | Exchange: NYSE (USA) | Market Cap: 4.544m USD | Total Return: -46.1% in 12m

Stock Payments, Software, Commerce, Technology
Total Rating 21
Safety 67
Buy Signal -1.36
Software - Infrastructure +9.5
Data Processing & Outsourced Services +7.6
Market Cap: 4,544m
Avg Trading Vol: 98.2M USD
ATR: 8.17%
Peers RS (IBD): 2.2
Risk 5d forecast
Volatility76.4%
Rel. Tail Risk-18.7%
Reward TTM
Sharpe Ratio-0.95
Alpha-79.01
Character TTM
Beta1.872
Beta Downside1.360
Drawdowns 3y
Max DD67.24%
CAGR/Max DD-0.24
EPS (Earnings per Share) EPS (Earnings per Share) of FOUR over the last years for every Quarter: "2021-03": -0.13, "2021-06": 0.22, "2021-09": 0.26, "2021-12": 0.08, "2022-03": 0.15, "2022-06": 0.33, "2022-09": 0.44, "2022-12": 0.47, "2023-03": 0.51, "2023-06": 0.74, "2023-09": 0.82, "2023-12": 0.76, "2024-03": 0.54, "2024-06": 0.96, "2024-09": 1.04, "2024-12": 1.35, "2025-03": 1.07, "2025-06": 1.1, "2025-09": 1.47, "2025-12": 1.6, "2026-03": 0,
EPS CAGR: -35.50%
EPS Trend: 46.3%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of FOUR over the last years for every Quarter: 2021-03: 239.3, 2021-06: 351, 2021-09: 377.8, 2021-12: 399.4, 2022-03: 401.9, 2022-06: 506.7, 2022-09: 547.3, 2022-12: 537.7, 2023-03: 547, 2023-06: 637, 2023-09: 675.4, 2023-12: 705.4, 2024-03: 707.4, 2024-06: 827, 2024-09: 909.2, 2024-12: 887, 2025-03: 848.3, 2025-06: 966.2, 2025-09: 1176.9, 2025-12: 1189, 2026-03: null,
Rev. CAGR: 33.54%
Rev. Trend: 97.8%
Last SUE: -0.34
Qual. Beats: 0
Risks
Technicals: volatile
Description: FOUR Shift4 Payments

Shift4 Payments, Inc. (FOUR) provides software and payment processing solutions. The company operates in the financial technology sector, processing various payment types, including traditional card payments and mobile wallets. This dual offering of software and processing is a common model in the payments industry, allowing companies to capture revenue from both technology licensing and transaction fees.

FOUR offers a suite of technology solutions. These include point-of-sale systems like SkyTab POS, mobile ordering platforms, business intelligence tools (Lighthouse), and an e-commerce platform (Shift4Shop). The company also supports emerging payment technologies, such as cryptocurrency donations through The Giving Block. This broad product portfolio aims to address diverse merchant needs.

The company provides comprehensive merchant and software partner support services. These services range from onboarding and risk management to software integrations and compliance. Distribution channels include independent software vendors and direct enterprise sales, a typical approach for B2B technology providers. For more in-depth analysis, consider researching FOURs financial performance and market position on ValueRay.

Headlines to Watch Out For
  • Payment volume growth drives transaction revenue
  • Software solutions adoption expands recurring revenue
  • Competition impacts pricing power and market share
  • Regulatory changes increase compliance costs
  • Macroeconomic conditions influence consumer spending
Piotroski VR‑10 (Strict) 4.0
Net Income: 103.8m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA -3.40 > 1.0
NWC/Revenue: 20.74% < 20% (prev 15.93%; Δ 4.81% < -1%)
CFO/TA 0.07 > 3% & CFO 634.3m > Net Income 103.8m
Net Debt (3.65b) to EBITDA (799.5m): 4.57 < 3
Current Ratio: 1.66 > 1.5 & < 3
Outstanding Shares: last quarter (67.4m) vs 12m ago -24.97% < -2%
Gross Margin: 34.17% > 18% (prev 0.29%; Δ 3.39k% > 0.5%)
Asset Turnover: 60.79% > 50% (prev 66.06%; Δ -5.28% > 0%)
Interest Coverage Ratio: 1.93 > 6 (EBITDA TTM 799.5m / Interest Expense TTM 189.7m)
Altman Z'' 0.77
A: 0.10 (Total Current Assets 2.18b - Total Current Liabilities 1.31b) / Total Assets 8.71b
B: -0.05 (Retained Earnings -467.0m / Total Assets 8.71b)
C: 0.05 (EBIT TTM 366.8m / Avg Total Assets 6.88b)
D: -0.06 (Book Value of Equity -420.0m / Total Liabilities 6.76b)
Altman-Z'' Score: 0.77 = B
Beneish M -2.33
DSRI: 1.70 (Receivables 742.0m/348.7m, Revenue 4.18b/3.33b)
GMI: 0.86 (GM 34.17% / 29.22%)
AQI: 1.23 (AQ_t 0.71 / AQ_t-1 0.58)
SGI: 1.26 (Revenue 4.18b / 3.33b)
TATA: -0.06 (NI 103.8m - CFO 634.3m) / TA 8.71b)
Beneish M-Score: -2.33 (Cap -4..+1) = BBB
What is the price of FOUR shares? As of April 04, 2026, the stock is trading at USD 43.73 with a total of 2,741,318 shares traded.
Over the past week, the price has changed by -3.87%, over one month by -14.29%, over three months by -33.15% and over the past year by -46.07%.
Is FOUR a buy, sell or hold? Shift4 Payments has received a consensus analysts rating of 4.35. Therefore, it is recommended to buy FOUR.
  • StrongBuy: 13
  • Buy: 5
  • Hold: 5
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the FOUR price?
Wallstreet Target Price 66 50.8%
Analysts Target Price 66 50.8%
FOUR Fundamental Data Overview as of 31 March 2026
P/E Trailing = 41.1852
P/E Forward = 7.3529
P/S = 1.0871
P/B = 7.23
P/EG = 0.2828
Revenue TTM = 4.18b USD
EBIT TTM = 366.8m USD
EBITDA TTM = 799.5m USD
Long Term Debt = 4.54b USD (from longTermDebt, last quarter)
Short Term Debt = 27.0m USD (from shortTermDebt, last quarter)
Debt = 4.62b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.65b USD (from netDebt column, last quarter)
Enterprise Value = 8.20b USD (4.54b + Debt 4.62b - CCE 964.0m)
Interest Coverage Ratio = 1.93 (Ebit TTM 366.8m / Interest Expense TTM 189.7m)
EV/FCF = 13.72x (Enterprise Value 8.20b / FCF TTM 597.3m)
FCF Yield = 7.29% (FCF TTM 597.3m / Enterprise Value 8.20b)
FCF Margin = 14.29% (FCF TTM 597.3m / Revenue TTM 4.18b)
Net Margin = 2.48% (Net Income TTM 103.8m / Revenue TTM 4.18b)
Gross Margin = 34.17% ((Revenue TTM 4.18b - Cost of Revenue TTM 2.75b) / Revenue TTM)
Gross Margin QoQ = 37.85% (prev 36.45%)
Tobins Q-Ratio = 0.94 (Enterprise Value 8.20b / Total Assets 8.71b)
Interest Expense / Debt = 1.32% (Interest Expense 61.0m / Debt 4.62b)
Taxrate = 20.90% (14.0m / 67.0m)
NOPAT = 290.2m (EBIT 366.8m * (1 - 20.90%))
Current Ratio = 1.66 (Total Current Assets 2.18b / Total Current Liabilities 1.31b)
Debt / Equity = 3.20 (Debt 4.62b / totalStockholderEquity, last quarter 1.44b)
Debt / EBITDA = 4.57 (Net Debt 3.65b / EBITDA 799.5m)
Debt / FCF = 6.11 (Net Debt 3.65b / FCF TTM 597.3m)
Total Stockholder Equity = 1.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.51% (Net Income 103.8m / Total Assets 8.71b)
RoE = 7.54% (Net Income TTM 103.8m / Total Stockholder Equity 1.38b)
RoCE = 6.20% (EBIT 366.8m / Capital Employed (Equity 1.38b + L.T.Debt 4.54b))
RoIC = 6.30% (NOPAT 290.2m / Invested Capital 4.61b)
WACC = 6.76% (E(4.54b)/V(9.16b) * Re(12.57%) + D(4.62b)/V(9.16b) * Rd(1.32%) * (1-Tc(0.21)))
Discount Rate = 12.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 6.85%
[DCF] Terminal Value 85.75% ; FCFF base≈565.2m ; Y1≈697.2m ; Y5≈1.19b
[DCF] Fair Price = 292.1 (EV 27.38b - Net Debt 3.65b = Equity 23.73b / Shares 81.2m; r=6.76% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 46.33 | EPS CAGR: -35.50% | SUE: -4.0 | # QB: 0
Revenue Correlation: 97.79 | Revenue CAGR: 33.54% | SUE: -0.34 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.33 | Chg7d=-0.002 | Chg30d=-0.207 | Revisions Net=-14 | Analysts=20
EPS current Year (2026-12-31): EPS=5.60 | Chg7d=-0.001 | Chg30d=-0.948 | Revisions Net=-21 | Growth EPS=+8.2% | Growth Revenue=+21.5%
EPS next Year (2027-12-31): EPS=6.83 | Chg7d=-0.005 | Chg30d=-0.900 | Revisions Net=-14 | Growth EPS=+22.0% | Growth Revenue=+14.1%
[Analyst] Revisions Ratio: -0.88 (1 Up / 15 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 10.1% (Discount Rate 12.6% - Earnings Yield 2.4%)
[Growth] Growth Spread = +17.2% (Analyst 27.4% - Implied 10.1%)
External Resources
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