SPS COMMERCE, INC. (SPSC)

84.92 +0.86% (+0.72)

Over 5Y: -33.6%

2026-08-28
50 100 150 200
2021 2022 2023 2024 2025 2026

Financials Quarterly

Q3 '25 — Revenue: 189.9M Q3 '25 — Operating Cash Flow: 60.6M Q3 '25 — Free Cash Flow: 54.6M Q3 '25 — Net Income: 25.6M Q4 '25 — Revenue: 192.7M Q4 '25 — Operating Cash Flow: 45.9M Q4 '25 — Free Cash Flow: 38.2M Q4 '25 — Net Income: 25.8M Q1 '26 — Revenue: 192.1M Q1 '26 — Operating Cash Flow: 55.6M Q1 '26 — Free Cash Flow: 48.5M Q1 '26 — Net Income: 19.7M Q2 '26 — Revenue: 197.8M Q2 '26 — Operating Cash Flow: 66M Q2 '26 — Free Cash Flow: 57.4M Q2 '26 — Net Income: 6.9M 0 40M 80M 120M 160M 200M
Q3 '25 Q4 '25 Q1 '26 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

4.3
OE margin 17.7%
Oper. margin 12.8%
ROIC 10.2%
Accruals -13.3%
FCF margin 25.7%
Gross margin 69.8%
OCF / EBIT 2.3×
OCF margin 29.5%
ROA 6.9%
ROCE 10.1%
ROE 8.3%

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

7.0
RPO / sales 0.1×
RPO growth —
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

9.7
Interest cover —
ND/EBITDA —
Debt / Eq 0.0×
Debt payback 0.0 yr
Payout 0.0%
Quick ratio 2.3×
F-score 6.8 pts
Cash / Debt —
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

2.8
Sales CAGR 4Y +18.2%
Sales/sh Y/Y +9.4%
EPS CAGR 4Y +19.4%
Shares change +0.36%
EBIT CAGR +9.8%
EBIT Y/Y -3.8%
EPS Y/Y -6.3%
Sales Q/Q +5.6%
Div. growth —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.