SPS Commerce Inc. | Mid-cap | Technology
$106.89
-0.86%
| SPS Commerce Stock Comparison:
SPS Commerce vs SalesforceSPS Commerce vs Uber TechnologiesSPS Commerce vs Open TextSPS Commerce vs PegasystemsSPS Commerce vs Altair EngineeringSPS Commerce vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 181.5M
Gross Profit 124.6M 68.65%
Operating Income 26.0M 14.30%
Net Income 22.2M 12.23%
EPS (Diluted) $0.58

Balance Sheet Metrics

Total Assets 1.1B
Total Liabilities 188.1M
Shareholders Equity 920.9M
Debt to Equity 0.20

Cash Flow Metrics

Operating Cash Flow 42.2M
Free Cash Flow 33.8M

Revenue & Profitability Trend

SPS Commerce Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 637.8M 536.9M 450.9M 385.3M 312.6M
Cost of Goods Sold i 210.7M 182.1M 153.1M 131.7M 99.8M
Gross Profit i 427.1M 354.8M 297.8M 253.6M 212.8M
Gross Margin % i 67.0% 66.1% 66.1% 65.8% 68.1%
Operating Expenses
Research & Development i 62.8M 53.7M 45.7M 39.0M 31.0M
Selling, General & Administrative i 251.8M 207.8M 169.1M 149.3M 126.1M
Other Operating Expenses i - - - - -
Total Operating Expenses i 314.7M 261.5M 214.9M 188.4M 157.1M
Operating Income i 88.9M 77.2M 71.2M 55.1M 50.2M
Operating Margin % i 13.9% 14.4% 15.8% 14.3% 16.0%
Non-Operating Items
Interest Income i - - - - 1.1M
Interest Expense i - - - - -
Other Non-Operating Income 10.6M 8.3M 142.0K -1.5M 2.5M
Pre-tax Income i 99.5M 85.6M 71.3M 53.5M 52.7M
Income Tax i 22.4M 19.7M 16.2M 8.9M 7.1M
Effective Tax Rate % i 22.5% 23.1% 22.7% 16.7% 13.5%
Net Income i 77.1M 65.8M 55.1M 44.6M 45.6M
Net Margin % i 12.1% 12.3% 12.2% 11.6% 14.6%
Key Metrics
EBITDA i 120.4M 102.6M 98.7M 81.2M 68.8M
EPS (Basic) i $2.07 $1.80 $1.53 $1.24 $1.29
EPS (Diluted) i $2.04 $1.76 $1.49 $1.21 $1.26
Basic Shares Outstanding i 37306000 36646000 36117000 35928000 35226000
Diluted Shares Outstanding i 37306000 36646000 36117000 35928000 35226000

Income Statement Trend

SPS Commerce Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 241.0M 219.1M 162.9M 207.6M 149.7M
Short-term Investments i 0 56.4M 51.4M 49.8M 37.8M
Accounts Receivable i 52.0M 46.8M 39.4M 34.6M 33.6M
Inventory i - - - - -
Other Current Assets 23.5M 16.8M 16.3M 16.0M 12.3M
Total Current Assets i 381.9M 401.4M 322.8M 352.4M 271.4M
Non-Current Assets
Property, Plant & Equipment i 8.2M 7.9M 9.2M 10.9M 15.6M
Goodwill i 979.7M 605.7M 482.9M 345.9M 329.9M
Intangible Assets i 181.3M 107.3M 88.4M 58.6M 60.2M
Long-term Investments - - - - -
Other Non-Current Assets 23.1M 22.0M 19.8M 18.4M 15.5M
Total Non-Current Assets i 649.3M 422.4M 350.1M 263.4M 255.1M
Total Assets i 1.0B 823.8M 672.9M 615.8M 526.5M
Liabilities
Current Liabilities
Accounts Payable i 8.6M 7.4M 11.3M 8.3M 5.4M
Short-term Debt i 4.6M 4.5M 4.3M 4.1M 2.8M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - - -
Total Current Liabilities i 146.7M 130.7M 110.6M 102.9M 80.1M
Non-Current Liabilities
Long-term Debt i 7.9M 9.6M 13.0M 16.4M 19.7M
Deferred Tax Liabilities i 15.5M 9.0M 7.4M 7.1M 2.9M
Other Non-Current Liabilities 241.0K 229.0K - - -
Total Non-Current Liabilities i 29.9M 25.7M 25.2M 28.7M 25.6M
Total Liabilities i 176.5M 156.4M 135.8M 131.6M 105.7M
Equity
Common Stock i 40.0K 39.0K 38.0K 38.0K 37.0K
Retained Earnings i 336.1M 259.0M 193.2M 138.1M 93.5M
Treasury Stock i 99.7M 128.9M 128.9M 85.7M 65.2M
Other Equity - - - - -
Total Shareholders Equity i 854.7M 667.5M 537.1M 484.3M 420.7M
Key Metrics
Total Debt i 12.5M 14.0M 17.3M 20.5M 22.5M
Working Capital i 235.2M 270.8M 212.2M 249.6M 191.2M

Balance Sheet Composition

SPS Commerce Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 77.1M 65.8M 55.1M 44.6M 45.6M
Depreciation & Amortization i 42.2M 34.7M 28.2M 24.9M 18.7M
Stock-Based Compensation i 54.6M 45.5M 33.4M 27.6M 18.9M
Working Capital Changes i -20.5M -20.3M -7.3M -7.1M -5.0M
Operating Cash Flow i 144.2M 118.1M 105.9M 94.2M 82.4M
Investing Activities
Capital Expenditures i -20.0M -19.8M -19.9M -19.6M -16.5M
Acquisitions i -147.9M -70.2M -91.4M -17.1M -98.7M
Investment Purchases i -85.8M -134.0M -160.4M -121.2M -74.8M
Investment Sales i 143.3M 131.3M 158.9M 111.2M 69.5M
Investing Cash Flow i -110.5M -92.6M -112.8M -46.7M -120.5M
Financing Activities
Share Repurchases i -37.6M 0 -43.2M -20.4M -19.0M
Dividends Paid i - - - - -
Debt Issuance i - - - - -
Debt Repayment i - - - - -
Financing Cash Flow i -37.6M -2.0M -43.2M -22.5M -19.6M
Free Cash Flow i 137.4M 112.5M 80.2M 93.3M 72.1M
Net Change in Cash i -3.9M 23.5M -50.1M 25.0M -57.7M

Cash Flow Trend

SPS Commerce Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 47.98
Forward P/E 26.82
Price to Book 4.18
Price to Sales 5.64
PEG Ratio 7.84

Profitability Ratios

Profit Margin 11.79%
Operating Margin 14.13%
Return on Equity 10.04%
Return on Assets 6.50%

Financial Health

Current Ratio 1.82
Debt to Equity 1.14
Beta 0.68

Per Share Data

EPS (TTM) $2.18
Book Value per Share $25.04
Revenue per Share $18.63

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
spsc 4.1B 47.98 4.18 10.04% 11.79% 1.14
Salesforce 237.3B 34.85 3.73 11.20% 16.87% 19.26
Uber Technologies 207.0B 16.91 9.17 67.49% 26.68% 52.23
Open Text 9.8B 23.09 2.43 10.73% 8.43% 169.09
Pegasystems 9.7B 46.07 15.40 41.55% 13.14% 12.65
Altair Engineering 9.6B 699.06 11.17 1.81% 2.13% 30.23

Financial data is updated regularly. All figures are in the company's reporting currency.