Market cap
$3,057 Mln
Revenue (TTM)
$772 Mln
P/E Ratio
40.8
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 | 2.96 | 5.56 | 9.80 | 16.17 | 17.32 |
| EBIT | 29.76 | 16.97 | 12.08 | 16.49 | 18.06 |
| Net Profit | -65.21 | -65.22 | -5.96 | 8.10 | 11.50 |
| EPS | -64.82 | -64.21 | -5.10 | 7.54 | 10.87 |
| 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 | 15.83 | 15.74 | 15.60 |
| Net Margin
| -- | 11.92 | 10.10 | -- | -- |
| Return on equity
| 10.42 | 10.38 | 8.16 | 10.21 | 10.12 |
| Return on Capital
| 10.23 | 10.10 | -- | 10.10 | 9.95 |
| Return on Assets
| 8.53 | 8.39 | 6.14 | 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
8.16
Lower than Peers by 3.07
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
8.16
|
10.21
|
10.12
|
10.93
|
10.80
|
|
Peer Median
|
11.23
|
--
|
--
|
--
|
--
|
ROA
6.14
Higher than Peers by 2.33
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
6.14
|
8.48
|
8.31
|
8.80
|
8.56
|
|
Peer Median
|
3.81
|
--
|
--
|
--
|
--
|
EBIT Margin
15.83
Higher than Peers by 6.39
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
15.83
|
15.74
|
15.60
|
14.39
|
15.79
|
|
Peer Median
|
9.44
|
--
|
--
|
--
|
--
|
Net Margin
10.10
Higher than Peers by 0.39
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
10.10
|
12.42
|
12.08
|
12.26
|
12.22
|
|
Peer Median
|
9.70
|
--
|
--
|
--
|
--
|
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
9.80
Lower than Peers by 5.41
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
9.80
|
0.18
|
0.19
|
0.19
|
0.17
|
|
Peer Median
|
15.21
|
--
|
--
|
--
|
--
|
EBIT Growth
12.08
Lower than Peers by 18.28
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
12.08
|
18.93
|
28.77
|
8.52
|
32.95
|
|
Peer Median
|
30.36
|
--
|
--
|
--
|
--
|
Net Profit Growth
-5.96
Lower than Peers by 37.65
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
-5.96
|
21.13
|
17.06
|
19.39
|
23.63
|
|
Peer Median
|
31.69
|
--
|
--
|
--
|
--
|
EPS Growth
-5.10
Lower than Peers by 66.62
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
-5.10
|
0.21
|
0.16
|
0.17
|
0.24
|
|
Peer Median
|
61.52
|
--
|
--
|
--
|
--
|
Book Value Growth
1.67
Lower than Peers by 19.94
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
1.67
|
--
|
--
|
--
|
--
|
|
Peer Median
|
21.61
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
--
|
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
2.26
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)
|
2.26
|
2.17
|
2.60
|
3.07
|
2.92
|
|
Peer Median
|
1.61
|
--
|
--
|
--
|
--
|
Quick Ratio
2.26
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)
|
2.26
|
--
|
--
|
3.07
|
2.44
|
|
Peer Median
|
1.58
|
--
|
--
|
--
|
--
|
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
|
14.14
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
8.24
Lower than Peers by 9.58
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
8.24
|
9.07
|
8.16
|
8.72
|
8.75
|
|
Peer Median
|
17.82
|
--
|
--
|
--
|
--
|
Asset Turnover
0.61
Higher than Peers by 0.18
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SPS Commerce (SPSC)
|
0.61
|
0.68
|
0.69
|
0.72
|
0.70
|
|
Peer Median
|
0.43
|
--
|
--
|
--
|
--
|
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
40.83
Lower than Peers by 9.37
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)
|
40.83
|
36.06
|
90.39
|
110.84
|
86.12
|
|
Peer Median
|
50.20
|
--
|
--
|
--
|
--
|
Price / Book Value
3.23
Lower than Peers by 4.45
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)
|
3.23
|
3.46
|
8.15
|
10.93
|
8.84
|
|
Peer Median
|
7.68
|
--
|
--
|
--
|
--
|
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
15.64
--
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)
|
15.64
|
18.25
|
47.54
|
63.61
|
45.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
3,057
Higher than Peers by 1,931
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)
|
3,057
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,126
|
--
|
--
|
--
|
--
|