SPS Commerce Financial Ratios
NASDAQ: SPSCTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
SPS Commerce ratio analysis
SPS Commerce earned a net margin of 12.4% in FY 2025, up from 12.1% a year earlier. Gross margin was 69.2% compared with a median of 66.6% over the prior 9 years. Return on equity reached 9.6%, meaning SPS Commerce generated 0.10 dollars of profit for every dollar of shareholders' equity.
At the end of FY 2025, SPSC traded at 35.7 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 35.7 to 2429.5, with a median of 88.9. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
SPS Commerce financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 35.74 | 91.59 | 110.14 | 86.19 | 117.64 | 86.18 | 59.45 | 61.94 | 2,429.50 | 120.50 |
| Price / sales | 4.43 | 10.93 | 13.23 | 10.29 | 13.27 | 12.24 | 7.01 | 5.84 | 3.79 | 3.06 |
| Price / book | 3.42 | 8.16 | 10.64 | 8.64 | 10.56 | 9.09 | 5.51 | 4.54 | 2.90 | 2.30 |
| Gross margin | 69.2% | 67.0% | 66.1% | 66.1% | 65.8% | 68.1% | 67.0% | 67.1% | 66.4% | 66.6% |
| Operating margin | 15.7% | 13.9% | 14.4% | 15.8% | 14.3% | 16.0% | 13.8% | 10.8% | 4.5% | 3.3% |
| Net margin | 12.4% | 12.1% | 12.3% | 12.2% | 11.6% | 14.6% | 12.1% | 9.6% | 0.2% | 2.6% |
| Free cash flow margin | 20.3% | 21.5% | 21.0% | 17.8% | 24.2% | 23.1% | 20.9% | 16.6% | 10.8% | 5.6% |
| Return on equity (ROE) | 9.6% | 9.0% | 9.9% | 10.3% | 9.2% | 10.8% | 9.5% | 7.5% | 0.1% | 1.9% |
| Return on assets (ROA) | 8.0% | 7.5% | 8.0% | 8.2% | 7.2% | 8.7% | 7.5% | 6.2% | 0.1% | 1.7% |
| Current ratio | 2.17 | 2.60 | 3.07 | 2.92 | 3.43 | 3.39 | 4.29 | 4.42 | 5.10 | 5.78 |
| Revenue growth | 17.8% | 18.8% | 19.1% | 17.0% | 23.2% | 12.0% | 12.4% | 12.5% | 14.1% | 21.9% |
| EPS growth | 20.6% | 15.9% | 18.1% | 23.1% | -4.0% | 34.0% | 38.2% | 6,700.0% | -96.6% | 7.4% |