Shift4 Payments, Inc. (FOUR) intrinsic value & 10-year financials
Shift4 Payments, Inc. (FOUR) has a Graham intrinsic value of $2,963.72 per share. At $39.43 on Oct 17, 2026, the stock trades 99% below that value. Over the last 9 fiscal years revenue grew 33.2% a year to $4.2B, with an average return on invested capital of -0.9%.
- Graham intrinsic value
- $2,963.72
- Share price (Oct 17, 2026)
- $39.43
- Price vs Graham value
- 99% below
- Market cap
- $52.6M
- Revenue (FY2025)
- $4.2B
- Revenue growth (9-yr CAGR)
- 33.2%
- ROIC (10-yr avg)
- -0.9%
- Free cash flow (FY2025)
- $624.0M
FOUR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.2B | $119.0M | — | $624.0M | 8.4% | 6.6% |
| FY2024 | $3.3B | $229.6M | — | $493.2M | 7.4% | 5.6% |
| FY2023 | $2.6B | $86.2M | — | $374.6M | 4.5% | 7.0% |
| FY2022 | $2.0B | $75.1M | — | $267.4M | 4.8% | 8.9% |
| FY2021 | $1.4B | -$48.2M | — | $21.0M | -3.6% | -6.9% |
| FY2020 | $766.9M | -$18.4M | — | $18.6M | -7.5% | -8.9% |
| FY2019 | $731.4M | -$56.6M | — | $18.5M | -0.6% | -0.7% |
| FY2018 | $560.6M | -$55.4M | — | $23.9M | -2.3% | -18.5% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Shift4 Payments, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Shift4 Payments, Inc. has historically struggled to out-earn its cost of capital, averaging just -0.9% ROIC.
Shift4 Payments, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Shift4 Payments, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2963.72 per share.