Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
SPSC
Strong BuyPremium GrowerFLAGSPS Commerce, Inc. · Technology · United States · $3.1B · Avg Vol: $42M/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% | 772.5M | 790.7M | 840.2M | 5.7% |
| EPS | 1.53 | 1.80 | 2.07 | 2.46 | 17.2% | 2.08 | 2.82 | 3.07 | 11.7% |
| Shares | 36.2M | 36.8M | 37.7M | 37.5M | +3.8% | 36.0M | — | — | — |
| Debt | 17.3M | 14.0M | 12.5M | 7.2M | -25.3% | 6.3M | — | — | — |
| Equity | 537.1M | 667.5M | 854.7M | 973.9M | 21.9% | — | — | — | — |
| Op CF | 100.1M | 132.3M | 157.4M | 178.8M | 21.3% | 228.1M | — | — | — |
| 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) | $3.1B | 82 | Strong Buy |
| NATL | NCR Atleos Corporation | $3.4B | 79 | Buy |
| GRND | Grindr Inc. | $2.7B | 79 | Buy |
| ALRM | Alarm.com Holdings, Inc. | $2.8B | 87 | Strong Buy |
| FRSH | Freshworks Inc. | $3.6B | 88 | Strong Buy |
| QTWO | Q2 Holdings, Inc. | $4.1B | 79 | Buy |
| PLUS | ePlus inc. | $2.3B | 86 | Strong Buy |
| ADEA | Adeia Inc. | $2.8B | 91 | Strong Buy |
| DBD | Diebold Nixdorf, Incorporated | $2.3B | 78 | Buy |
| DAVE | Dave Inc. | $4.8B | 86 | Strong Buy |
Peer medians: ROE 4.6% · P/E 35.1x · Gross margin 51.1%