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Technology - Software - Infrastructure - NASDAQ - US
$ 133.47
-0.462 %
$ 5.07 B
Market Cap
62.37
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one SPSC stock under the worst case scenario is HIDDEN Compared to the current market price of 133 USD, SPS Commerce, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one SPSC stock under the base case scenario is HIDDEN Compared to the current market price of 133 USD, SPS Commerce, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one SPSC stock under the best case scenario is HIDDEN Compared to the current market price of 133 USD, SPS Commerce, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart SPSC

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$200.0$200.0$190.0$190.0$180.0$180.0$170.0$170.0$160.0$160.0$150.0$150.0$140.0$140.0$130.0$130.0$120.0$120.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
FINANCIALS
638 M REVENUE
18.78%
88.9 M OPERATING INCOME
15.06%
77.1 M NET INCOME
17.06%
157 M OPERATING CASH FLOW
18.97%
-110 M INVESTING CASH FLOW
-19.23%
-23 M FINANCING CASH FLOW
-144.18%
182 M REVENUE
6.23%
26 M OPERATING INCOME
4.90%
22.2 M NET INCOME
26.41%
40 M OPERATING CASH FLOW
-1.43%
-148 M INVESTING CASH FLOW
-65003.96%
-39 M FINANCING CASH FLOW
-833.95%
Balance Sheet SPS Commerce, Inc.
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Current Assets 382 M
Cash & Short-Term Investments 241 M
Receivables 52 M
Other Current Assets 88.9 M
Non-Current Assets 649 M
Long-Term Investments 0
PP&E 45.7 M
Other Non-Current Assets 604 M
23.37 %5.05 %8.62 %4.44 %58.53 %Total Assets$1.0b
Current Liabilities 147 M
Accounts Payable 8.58 M
Short-Term Debt 4.58 M
Other Current Liabilities 134 M
Non-Current Liabilities 29.9 M
Long-Term Debt 0
Other Non-Current Liabilities 29.9 M
4.86 %75.63 %16.91 %Total Liabilities$176.5m
EFFICIENCY
Earnings Waterfall SPS Commerce, Inc.
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Revenue 638 M
Cost Of Revenue 211 M
Gross Profit 427 M
Operating Expenses 338 M
Operating Income 88.9 M
Other Expenses 11.8 M
Net Income 77.1 M
700m700m600m600m500m500m400m400m300m300m200m200m100m100m00638m(211m)427m(338m)89m(12m)77mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
66.96% GROSS MARGIN
66.96%
13.94% OPERATING MARGIN
13.94%
12.08% NET MARGIN
12.08%
9.02% ROE
9.02%
7.47% ROA
7.47%
7.74% ROIC
7.74%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis SPS Commerce, Inc.
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140m140m120m120m100m100m80m80m60m60m40m40m20m20m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 77.1 M
Depreciation & Amortization 42.2 M
Capital Expenditures -20 M
Stock-Based Compensation 54.6 M
Change in Working Capital -14.9 M
Others 2.2 M
Free Cash Flow 137 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets SPS Commerce, Inc.
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Wall Street analysts predict an average 1-year price target for SPSC of $203 , with forecasts ranging from a low of $159 to a high of $230 .
SPSC Lowest Price Target Wall Street Target
159 USD 19.13%
SPSC Average Price Target Wall Street Target
203 USD 52.24%
SPSC Highest Price Target Wall Street Target
230 USD 72.32%
Price
Max Price Target
Min Price Target
Average Price Target
240240220220200200180180160160140140120120Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership SPS Commerce, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
12.8 M USD 4
6-9 MONTHS
2.39 M USD 2
9-12 MONTHS
3.05 M USD 4
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
SPS Commerce to Present at the 1st Annual D.A. Davidson Technology & Consumer Conference MINNEAPOLIS, June 03, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that management will present at the 1st Annual D.A. Davidson Technology & Consumer Conference on Tuesday, June 10, 2025, at 2:40 PM C.T. globenewswire.com - 2 weeks ago
SPS Commerce Enhances Offering to Include Suite of Services for Manufacturing Supply Chain MINNEAPOLIS--(BUSINESS WIRE)--SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced Manufacturing Supply Chain Performance Suite, a Full-service EDI offering designed to help companies who manufacture products modernize and optimize their procurement and supply chain processes. Based on years of experience supporting these organizations, SPS developed this comprehensive solution to help brands, co-manufacturers, and co-packers achieve a better perfor. businesswire.com - 1 month ago
SPS Commerce, Inc. (SPSC) Q1 2025 Earnings Call Transcript SPS Commerce, Inc. (NASDAQ:SPSC ) Q1 2025 Earnings Conference Call April 24, 2025 4:30 PM ET Company Participants Irmina Blaszczyk - Investor Relations Chad Collins - CEO & Director Kim Nelson - Executive VP & CFO Conference Call Participants Parker Lane - Stifel Rob Morelli - Needham & Co. Lachlan Brown - Redburn Atlantic George Kurosawa - Citi Dylan Becker - William Blair Joe Vruwink - Baird Jeff Rhee - Craig Hallum Nehal Chokshi - Northland Capital Markets Mark Schappel - Loop Capital Markets Operator Good day. And welcome to the SPS Commerce First Quarter FY25 Conference Call. seekingalpha.com - 1 month ago
SPS Commerce (SPSC) Q1 Earnings and Revenues Top Estimates SPS Commerce (SPSC) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.86 per share a year ago. zacks.com - 1 month ago
SPS Commerce Reports First Quarter 2025 Financial Results Company delivers 97th consecutive quarter of topline growth First quarter 2025 revenue grew 21% and recurring revenue grew 23% from the first quarter of 2024 globenewswire.com - 1 month ago
SPS Commerce (SPSC) Expected to Beat Earnings Estimates: Should You Buy? SPS Commerce (SPSC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 2 months ago
SPS Commerce Announces Date of First Quarter 2025 Financial Results MINNEAPOLIS, April 10, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the first quarter ended March 31, 2025, after the market close on Thursday, April 24, 2025. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. globenewswire.com - 2 months ago
PROS, Global-E, SPS Commerce Stand Out As Tariffs Reshape Software Spending Priorities: Analyst Needham analyst Scott Berg is taking a look at the software sector following the Trump administration's reciprocal tariffs announcement on all imported products. benzinga.com - 2 months ago
SPS Commerce Releases 2024 ESG Report, Reinforcing Commitment to Sustainable and Responsible Growth MINNEAPOLIS, March 26, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced the release of its 2024 Environmental, Social, and Governance (ESG) Report, outlining the company's ongoing commitment to sustainability, ethical business practices, and social responsibility. This inaugural report highlights the company's key advancements in governance, employee experience, community engagement, and environmental stewardship. globenewswire.com - 2 months ago
3 Beaten-Down Stocks (MDB, SPSC and DDOG) With Up To 125% Upside According To Wall Street Experts The stock market has recovered from its correction territory, but there's still significant fear due to tariff-related uncertainty. 247wallst.com - 3 months ago
Strength Seen in SPS Commerce (SPSC): Can Its 5.2% Jump Turn into More Strength? SPS Commerce (SPSC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. zacks.com - 3 months ago
Here is Why Growth Investors Should Buy SPS Commerce (SPSC) Now SPS Commerce (SPSC) is well positioned to outperform the market, as it exhibits above-average growth in financials. zacks.com - 3 months ago
8. Profile Summary

SPS Commerce, Inc. SPSC

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COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 5.07 B
Dividend Yield 0.00%
Description SPS Commerce, Inc. provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships. The company also provides Fulfillment solution that provides fulfillment automation and replaces or augments an organization's existing staff and trading partner electronic communication infrastructure by enabling easy compliance with retailers' rulebooks, automatic, and digital exchange of information among numerous trading partners through various protocols, and greater visibility into the journey of an order; and Analytics solution, which consists of data analytics applications that enables customers to enhance their visibility across supply chains through greater analytics capabilities. In addition, it offers various complimentary products, such as assortment product, which enables accurate order management and rapid fulfillment; and community product that accelerates vendor onboarding and ensures trading partner adoption of new supply chain requirements. 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.
Contact 333 South Seventh Street, Minneapolis, MN, 55402 https://www.spscommerce.com
IPO Date April 22, 2010
Employees 2783
Officers Mr. Chadwick Collins Chief Executive Officer & Director Mr. Jamie Thingelstad Executive Vice President & Chief Technology Officer Mr. Daniel Juckniess Executive Vice President & Chief Revenue Officer Ms. Erica Koenig Senior Vice President & Chief Human Resources Officer Ms. Kimberly K. Nelson Executive Vice President & Chief Financial Officer Mr. Michael Svatek Chief Product Officer