Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
SPSC
BUYFLAGSPS Commerce, Inc. · Technology · United States · $2.2B · Avg Vol: $43M/d
SPS Commerce has exceptional quality Q78 and value V61 with a buyback retiring 2.83% of shares, but momentum at M34 is well below the calibrated floor, so stage one fails.
COMPANY DESCRIPTION
SPS Commerce, Inc. provides cloud-based supply chain management solutions, primarily focused on retail-focused Electronic Data Interchange (EDI) and analytics, connecting retailers, suppliers, and logistics providers. The company operates the largest retail-focused EDI network, creating strong network effects, high switching costs, and a dominant market position by automating and optimizing trading partner relationships.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 450.9M | 536.9M | 637.8M | 751.5M | 18.6% | 762.1M | 796.5M | 851.0M | 6.4% |
| EPS | 1.53 | 1.80 | 2.07 | 2.46 | 17.2% | 2.41 | 2.73 | 3.00 | 10.5% |
| Shares | 36.2M | 36.8M | 37.7M | 37.5M | +3.8% | 36.7M | — | — | — |
| Debt | 17.3M | 14.0M | 12.5M | 7.2M | -25.3% | 6.6M | — | — | — |
| Equity | 537.1M | 667.5M | 854.7M | 973.9M | 21.9% | — | — | — | — |
| Op CF | 100.1M | 132.3M | 157.4M | 178.8M | 21.3% | 194.4M | — | — | — |
| Inv CF | -112.8M | -92.6M | -110.5M | -169.2M | — | — | — | — | — |
| Fin CF | -31.6M | 16.0M | -23.0M | -100.8M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of SPSC are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| SPSC | SPS Commerce, Inc.(you) | $2.2B | 75 | BUY |
| ALRM | Alarm.com Holdings, Inc. | $2.6B | 80 | STRONG BUY |
| GRND | Grindr Inc. | $2.6B | 80 | BUY |
| FRSH | Freshworks Inc. | $2.8B | 71 | BUY |
| BLKB | Blackbaud, Inc. | $1.5B | 74 | BUY |
| AGYS | Agilysys, Inc. | $2.8B | 70 | BUY |
| PLUS | ePlus inc. | $2.3B | 84 | STRONG BUY |
| EVCM | EverCommerce Inc. | $2.0B | 66 | BUY |
| CXM | Sprinklr, Inc. | $1.3B | 75 | BUY |
| PTRN | Pattern Group Inc. | $4.4B | 73 | BUY |
Peer medians: ROE 7.5% · P/E 37.2x · Gross margin 53.1%