Market cap
$2,941 Mln
Revenue (TTM)
$780 Mln
P/E Ratio
37
P/B Ratio
3.2
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -0.08 | 4.08 | 6.92 | 14.93 | 16.36 |
| EBIT | 29.60 | 32.41 | 22.62 | 18.30 | 20.48 |
| Net Profit | 347.01 | 20.00 | -2.28 | 9.84 | 12.91 |
| EPS | 357.10 | 25.91 | 0.34 | 10.08 | 12.76 |
| Book Value | -- | -- | 14.23 | 21.09 | 17.62 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 15.24 | 15.08 | 16.97 | 15.74 | 15.60 |
| Net Margin
| -- | 11.92 | 10.65 | -- | -- |
| Return on equity
| 10.42 | 10.38 | 8.77 | 10.21 | 10.12 |
| Return on Capital
| 10.23 | 10.10 | -- | 10.10 | 9.95 |
| Return on Assets
| 8.53 | 8.39 | 5.94 | 8.48 | 8.31 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.01 | 0.01 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
--
|
10.10
|
9.95
|
10.65
|
10.41
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
8.77
Lower than Peers by 2.26
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
8.77
|
10.21
|
10.12
|
10.93
|
10.80
|
|
Peer Median
|
11.03
|
--
|
--
|
--
|
--
|
ROA
5.94
Higher than Peers by 2.30
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
5.94
|
8.48
|
8.31
|
8.80
|
8.56
|
|
Peer Median
|
3.65
|
--
|
--
|
--
|
--
|
EBIT Margin
16.97
Higher than Peers by 8.25
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
16.97
|
15.74
|
15.60
|
14.39
|
15.79
|
|
Peer Median
|
8.72
|
--
|
--
|
--
|
--
|
Net Margin
10.65
Higher than Peers by 1.62
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
10.65
|
12.42
|
12.08
|
12.26
|
12.22
|
|
Peer Median
|
9.04
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
6.92
Lower than Peers by 8.54
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
6.92
|
0.18
|
0.19
|
0.19
|
0.17
|
|
Peer Median
|
15.46
|
--
|
--
|
--
|
--
|
EBIT Growth
22.62
Lower than Peers by 8.85
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
22.62
|
18.93
|
28.77
|
8.52
|
32.95
|
|
Peer Median
|
31.47
|
--
|
--
|
--
|
--
|
Net Profit Growth
-2.28
Lower than Peers by 34.31
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
-2.28
|
21.13
|
17.06
|
19.39
|
23.63
|
|
Peer Median
|
32.03
|
--
|
--
|
--
|
--
|
EPS Growth
0.34
Lower than Peers by 65.48
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
0.34
|
0.21
|
0.16
|
0.17
|
0.24
|
|
Peer Median
|
65.82
|
--
|
--
|
--
|
--
|
Book Value Growth
2.08
Lower than Peers by 21.75
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
2.08
|
--
|
--
|
--
|
--
|
|
Peer Median
|
23.83
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
--
|
0.01
|
0.01
|
0.02
|
0.03
|
|
Peer Median
|
0.03
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.00
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
0.00
|
0.00
|
0.01
|
0.01
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.25
Higher than Peers by 0.65
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
2.25
|
2.17
|
2.60
|
3.07
|
2.92
|
|
Peer Median
|
1.61
|
--
|
--
|
--
|
--
|
Quick Ratio
2.25
Higher than Peers by 0.68
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
2.25
|
--
|
--
|
3.07
|
2.44
|
|
Peer Median
|
1.57
|
--
|
--
|
--
|
--
|
Interest Coverage
--
--
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
--
|
--
|
--
|
--
|
501.28
|
|
Peer Median
|
13.66
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
8.48
Lower than Peers by 9.50
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
8.48
|
9.07
|
8.16
|
8.72
|
8.75
|
|
Peer Median
|
17.98
|
--
|
--
|
--
|
--
|
Asset Turnover
0.56
Higher than Peers by 0.11
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
0.56
|
0.68
|
0.69
|
0.72
|
0.70
|
|
Peer Median
|
0.45
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
--
|
29.21
|
28.31
|
29.35
|
29.97
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
--
|
--
|
0.00
|
52.92
|
116.07
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
--
|
17.61
|
13.86
|
18.73
|
23.37
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
--
|
--
|
14.45
|
63.53
|
122.68
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
37.05
Lower than Peers by 13.05
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
37.05
|
36.06
|
90.39
|
110.84
|
86.12
|
|
Peer Median
|
50.10
|
--
|
--
|
--
|
--
|
Price / Book Value
3.15
Lower than Peers by 5.51
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
3.15
|
3.46
|
8.15
|
10.93
|
8.84
|
|
Peer Median
|
8.66
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
14.32
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
14.32
|
18.25
|
47.54
|
63.61
|
45.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
2,941
Higher than Peers by 1,739
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
2,941
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,202
|
--
|
--
|
--
|
--
|