(SPSC) SPS Commerce - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US78463M1071
Stock:
Total Rating 38
Risk 91
Buy Signal -0.20
| Risk 5d forecast | |
|---|---|
| Volatility | 38.3% |
| Relative Tail Risk | -11.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.84 |
| Alpha | -80.61 |
| Character TTM | |
|---|---|
| Beta | 1.180 |
| Beta Downside | 0.391 |
| Drawdowns 3y | |
|---|---|
| Max DD | 74.87% |
| CAGR/Max DD | -0.39 |
EPS (Earnings per Share)
Revenue
Description: SPSC SPS Commerce
SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. The company offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, manufacturers, distributors, and logistics firm; and manages omnichannel, supply chain, and other business requirements. It also provides Fulfillment, a comprehensive solution designed to streamline supply chain operation that sends and receives order data, ensuring accurate execution of required processes from order to invoicing and revenue recovery through fully automated operations; and Analytics product that simplifies managing sell-through data from customers business partners that handle data acquisition, cleansing, normalization, and delivery. In addition, the company offers various complimentary products, such as assortment product, which simplifies the communication of robust, accurate item data by automatically translating item attributes, and hierarchies through single connection across all sales channels; and community product that allows organizations to accelerate digitization of their supply chain and improve collaboration with suppliers through change management, onboarding programs, and supplier score carding. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 93.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA -0.30 > 1.0 |
| NWC/Revenue: 15.20% < 20% (prev 36.88%; Δ -21.68% < -1%) |
| CFO/TA 0.15 > 3% & CFO 178.8m > Net Income 93.3m |
| Net Debt (-141.3m) to EBITDA (177.8m): -0.79 < 3 |
| Current Ratio: 1.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (37.8m) vs 12m ago -0.25% < -2% |
| Gross Margin: 67.90% > 18% (prev 0.66%; Δ 6725 % > 0.5%) |
| Asset Turnover: 68.28% > 50% (prev 61.85%; Δ 6.44% > 0%) |
| Interest Coverage Ratio: -27.99 > 6 (EBITDA TTM 177.8m / Interest Expense TTM -4.27m) |
Altman Z'' 4.87
| A: 0.10 (Total Current Assets 268.6m - Total Current Liabilities 154.4m) / Total Assets 1.17b |
| B: 0.37 (Retained Earnings 429.4m / Total Assets 1.17b) |
| C: 0.11 (EBIT TTM 119.6m / Avg Total Assets 1.10b) |
| D: 2.19 (Book Value of Equity 429.1m / Total Liabilities 196.0m) |
| Altman-Z'' Score: 4.87 = AA |
Beneish M -2.77
| DSRI: 1.11 (Receivables 68.2m/52.0m, Revenue 751.5m/637.8m) |
| GMI: 0.96 (GM 67.90% / 65.52%) |
| AQI: 1.25 (AQ_t 0.73 / AQ_t-1 0.59) |
| SGI: 1.18 (Revenue 751.5m / 637.8m) |
| TATA: -0.07 (NI 93.3m - CFO 178.8m) / TA 1.17b) |
| Beneish M-Score: -2.77 (Cap -4..+1) = A |
What is the price of SPSC shares?
As of February 27, 2026, the stock is trading at USD 54.14 with a total of 1,014,882 shares traded.
Over the past week, the price has changed by -1.89%, over one month by -37.85%, over three months by -30.45% and over the past year by -57.89%.
Over the past week, the price has changed by -1.89%, over one month by -37.85%, over three months by -30.45% and over the past year by -57.89%.
Is SPSC a buy, sell or hold?
SPS Commerce has received a consensus analysts rating of 4.33.
Therefore, it is recommended to buy SPSC.
- StrongBuy: 7
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SPSC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 82.1 | 51.6% |
| Analysts Target Price | 82.1 | 51.6% |
SPSC Fundamental Data Overview February 21, 2026
P/E Trailing = 23.7195
P/E Forward = 67.1141
P/S = 2.9434
P/B = 2.3948
P/EG = 4.7094
Revenue TTM = 751.5m USD
EBIT TTM = 119.6m USD
EBITDA TTM = 177.8m USD
Long Term Debt = 5.68m USD (estimated: total debt 10.0m - short term 4.35m)
Short Term Debt = 4.35m USD (from shortTermDebt, last quarter)
Debt = 10.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -141.3m USD (from netDebt column, last quarter)
Enterprise Value = 2.07b USD (2.21b + Debt 10.0m - CCE 151.4m)
Interest Coverage Ratio = -27.99 (Ebit TTM 119.6m / Interest Expense TTM -4.27m)
EV/FCF = 13.60x (Enterprise Value 2.07b / FCF TTM 152.3m)
FCF Yield = 7.35% (FCF TTM 152.3m / Enterprise Value 2.07b)
FCF Margin = 20.26% (FCF TTM 152.3m / Revenue TTM 751.5m)
Net Margin = 12.42% (Net Income TTM 93.3m / Revenue TTM 751.5m)
Gross Margin = 67.90% ((Revenue TTM 751.5m - Cost of Revenue TTM 241.2m) / Revenue TTM)
Gross Margin QoQ = 65.46% (prev 69.49%)
Tobins Q-Ratio = 1.77 (Enterprise Value 2.07b / Total Assets 1.17b)
Interest Expense / Debt = 12.72% (Interest Expense 1.28m / Debt 10.0m)
Taxrate = 28.18% (10.1m / 36.0m)
NOPAT = 85.9m (EBIT 119.6m * (1 - 28.18%))
Current Ratio = 1.74 (Total Current Assets 268.6m / Total Current Liabilities 154.4m)
Debt / Equity = 0.01 (Debt 10.0m / totalStockholderEquity, last quarter 973.9m)
Debt / EBITDA = -0.79 (Net Debt -141.3m / EBITDA 177.8m)
Debt / FCF = -0.93 (Net Debt -141.3m / FCF TTM 152.3m)
Total Stockholder Equity = 950.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.48% (Net Income 93.3m / Total Assets 1.17b)
RoE = 9.82% (Net Income TTM 93.3m / Total Stockholder Equity 950.9m)
RoCE = 12.50% (EBIT 119.6m / Capital Employed (Equity 950.9m + L.T.Debt 5.68m))
RoIC = 9.10% (NOPAT 85.9m / Invested Capital 943.2m)
WACC = 10.25% (E(2.21b)/V(2.22b) * Re(10.26%) + D(10.0m)/V(2.22b) * Rd(12.72%) * (1-Tc(0.28)))
Discount Rate = 10.26% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.16%
[DCF] Terminal Value 74.08% ; FCFF base≈146.3m ; Y1≈178.3m ; Y5≈295.2m
[DCF] Fair Price = 94.49 (EV 3.42b - Net Debt -141.3m = Equity 3.56b / Shares 37.7m; r=10.25% [WACC]; 5y FCF grow 23.37% → 2.90% )
EPS Correlation: 98.63 | EPS CAGR: 21.45% | SUE: 2.73 | # QB: 17
Revenue Correlation: 99.62 | Revenue CAGR: 17.51% | SUE: -0.48 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.98 | Chg7d=-0.102 | Chg30d=-0.102 | Revisions Net=-7 | Analysts=11
EPS current Year (2026-12-31): EPS=4.49 | Chg7d=-0.032 | Chg30d=-0.032 | Revisions Net=+1 | Growth EPS=+5.2% | Growth Revenue=+6.7%
EPS next Year (2027-12-31): EPS=5.08 | Chg7d=-0.076 | Chg30d=-0.076 | Revisions Net=-2 | Growth EPS=+13.1% | Growth Revenue=+7.4%
[Analyst] Revisions Ratio: -1.00 (0 Up / 7 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.0% (Discount Rate 10.3% - Earnings Yield 4.2%)
[Growth] Growth Spread = +0.1% (Analyst 6.2% - Implied 6.0%)
P/E Forward = 67.1141
P/S = 2.9434
P/B = 2.3948
P/EG = 4.7094
Revenue TTM = 751.5m USD
EBIT TTM = 119.6m USD
EBITDA TTM = 177.8m USD
Long Term Debt = 5.68m USD (estimated: total debt 10.0m - short term 4.35m)
Short Term Debt = 4.35m USD (from shortTermDebt, last quarter)
Debt = 10.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -141.3m USD (from netDebt column, last quarter)
Enterprise Value = 2.07b USD (2.21b + Debt 10.0m - CCE 151.4m)
Interest Coverage Ratio = -27.99 (Ebit TTM 119.6m / Interest Expense TTM -4.27m)
EV/FCF = 13.60x (Enterprise Value 2.07b / FCF TTM 152.3m)
FCF Yield = 7.35% (FCF TTM 152.3m / Enterprise Value 2.07b)
FCF Margin = 20.26% (FCF TTM 152.3m / Revenue TTM 751.5m)
Net Margin = 12.42% (Net Income TTM 93.3m / Revenue TTM 751.5m)
Gross Margin = 67.90% ((Revenue TTM 751.5m - Cost of Revenue TTM 241.2m) / Revenue TTM)
Gross Margin QoQ = 65.46% (prev 69.49%)
Tobins Q-Ratio = 1.77 (Enterprise Value 2.07b / Total Assets 1.17b)
Interest Expense / Debt = 12.72% (Interest Expense 1.28m / Debt 10.0m)
Taxrate = 28.18% (10.1m / 36.0m)
NOPAT = 85.9m (EBIT 119.6m * (1 - 28.18%))
Current Ratio = 1.74 (Total Current Assets 268.6m / Total Current Liabilities 154.4m)
Debt / Equity = 0.01 (Debt 10.0m / totalStockholderEquity, last quarter 973.9m)
Debt / EBITDA = -0.79 (Net Debt -141.3m / EBITDA 177.8m)
Debt / FCF = -0.93 (Net Debt -141.3m / FCF TTM 152.3m)
Total Stockholder Equity = 950.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.48% (Net Income 93.3m / Total Assets 1.17b)
RoE = 9.82% (Net Income TTM 93.3m / Total Stockholder Equity 950.9m)
RoCE = 12.50% (EBIT 119.6m / Capital Employed (Equity 950.9m + L.T.Debt 5.68m))
RoIC = 9.10% (NOPAT 85.9m / Invested Capital 943.2m)
WACC = 10.25% (E(2.21b)/V(2.22b) * Re(10.26%) + D(10.0m)/V(2.22b) * Rd(12.72%) * (1-Tc(0.28)))
Discount Rate = 10.26% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.16%
[DCF] Terminal Value 74.08% ; FCFF base≈146.3m ; Y1≈178.3m ; Y5≈295.2m
[DCF] Fair Price = 94.49 (EV 3.42b - Net Debt -141.3m = Equity 3.56b / Shares 37.7m; r=10.25% [WACC]; 5y FCF grow 23.37% → 2.90% )
EPS Correlation: 98.63 | EPS CAGR: 21.45% | SUE: 2.73 | # QB: 17
Revenue Correlation: 99.62 | Revenue CAGR: 17.51% | SUE: -0.48 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.98 | Chg7d=-0.102 | Chg30d=-0.102 | Revisions Net=-7 | Analysts=11
EPS current Year (2026-12-31): EPS=4.49 | Chg7d=-0.032 | Chg30d=-0.032 | Revisions Net=+1 | Growth EPS=+5.2% | Growth Revenue=+6.7%
EPS next Year (2027-12-31): EPS=5.08 | Chg7d=-0.076 | Chg30d=-0.076 | Revisions Net=-2 | Growth EPS=+13.1% | Growth Revenue=+7.4%
[Analyst] Revisions Ratio: -1.00 (0 Up / 7 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.0% (Discount Rate 10.3% - Earnings Yield 4.2%)
[Growth] Growth Spread = +0.1% (Analyst 6.2% - Implied 6.0%)