Sps Commerce Inc
SPSC Nasdaq· Services-Prepackaged Software
Last close · Oct 26, 2026
$90.56
KIRA · Stoqly’s AI analyst, in plain words
- Sps Commerce Inc had $752M of revenue in fiscal 2025, up 17.8% on the year before. Over five years, revenue changed +19.2% a year on average.
- Its operating margin was 15.7%, up 1.8 pts: of every 100 in sales, about 16 is left after running the business.
- Sps Commerce Inc made $93.3M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 26.8% a year.
- Free cash flow was $152M in fiscal 2025, 20.3% of revenue.
- Sps Commerce Inc returned $114M to shareholders in fiscal 2025, 75% of free cash flow. The diluted share count rose 0.4%.
Market cap
$3.3B
P/E
43.5x
Revenue
$752M
Net income
$93.3M
Free cash flow
$152M
Operating margin
15.7%
Sps Commerce Inc in 30 seconds · fiscal 2025
Are sales growing?
+17.8%
Yes. Sales grew 17.8% last year.
Does it make a profit?
12.4%
Yes. It keeps 12.4% of every sale as profit.
Does profit turn into cash?
20.3%
Yes. 20.3% of sales ends up as free cash.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
43.5x
One share costs 43.5 times its yearly profit per share.
What Sps Commerce Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 19, 2026
- Legal name
- SPS COMMERCE INC
- CIK
- 0001092699
Sps Commerce Inc · SPSC
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $385M | $451M | $537M | $638M | $752M |
| Revenue growth | 23.2% | 17.0% | 19.1% | 18.8% | 17.8% |
| Gross margin | 65.8% | 66.1% | 66.1% | 67.0% | 69.2% |
| Operating margin | 14.3% | 15.8% | 14.4% | 13.9% | 15.7% |
| Net income | $44.6M | $55.1M | $65.8M | $77.1M | $93.3M |
| Net margin | 11.6% | 12.2% | 12.3% | 12.1% | 12.4% |
| Diluted EPS | $1.21 | $1.49 | $1.76 | $2.04 | $2.46 |
| Cash | |||||
| Cash from operations | $113M | $100M | $132M | $157M | $179M |
| Capital expenditure | $19.6M | $19.9M | $19.8M | $20.0M | $26.5M |
| Free cash flow | $93.3M | $80.2M | $113M | $137M | $152M |
| FCF margin | 24.2% | 17.8% | 21.0% | 21.5% | 20.3% |
| Share buybacks | $20.4M | $43.2M | $0.0M | $37.6M | $114M |
| Share count change | 1.9% | −0.0% | 1.4% | 1.0% | 0.4% |
| Debt and strength | |||||
| Cash and short-term investments | $257M | $214M | $275M | $241M | $151M |
| Shareholders' equity | $484M | $537M | $667M | $855M | $974M |
| Current ratio | 3.4x | 2.9x | 3.1x | 2.6x | 2.2x |
| Returns and quality | |||||
| Return on equity | 9.9% | 10.8% | 10.9% | 10.1% | 10.2% |
| Return on tangible equity | 15.8% | 21.9% | 21.2% | 28.1% | 43.1% |
| Piotroski F-score | 5 | 7 | 5 | 4 | 6 |
| Altman Z'' | 7.9 | 7.9 | 8.3 | 8.2 | 8.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.7M
4 insiders
Of sales under plans
100%
$1.7M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Sps Commerce Inc · SPSC
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $90.56 a share, the company is worth $3.3B: 43.5 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001092699). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.