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SPS Commerce

NSQ:SPSC · US78463M1071
SoftwareMedium

360

80
EV / EBIT87
Price / Owner Earnings53
Owner Earnings Yield86
Dividend Yield1
Price/Sales34
EV / Gross Profit69
Price/Book54
Return on Capital71
Cash Return on Capital66
Return on Equity57
EBIT Margin74
Gross Profitability78
Cash Conversion49
Accruals64
Owner Earnings Margin77
Sales growth32
Profit Growth49
Long-Term EPS Growth16
Owner Earnings Growth47
Reinvestment34
Price momentum6
Debt load96
Refinancing59
Debt Payback100
Liquidity1
Analyst ratings9
Opinion Changes50
Price Target Upside20
Market mood85
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

SPS Commerce generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustrySoftware
SizeMedium
TypePublic Company
ExchangeNASDAQGS
Founded1987
Employees2,603
Websitespscommerce.com
ISINUS78463M1071
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)
Themes
Data IntegrationCloud Data ServicesProcess AutomationCloud ManagementInformation ServicesInformation TechnologySaaSSoftware

Description

SPS Commerce, Inc. (SPS Commerce) is a global supply chain network that connects retailers, brands, distributors, manufacturers, and logistics providers through shared infrastructure built to handle the complexity of modern commerce operations. The…

Analysis

Quality compounder

SPS Commerce, Inc. earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess.

On valuation, the picture is fair. The owner-earnings multiple stands at 16.3×; owner earnings: the cash an owner could take out each year.

Growth is tepid; the safety picture is sturdy. The company scores 20/20 on our value-creation score: strong value creator.

Flags to be aware of: A large part of the company's book value is the price paid for past acquisitions. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
18
2023202420252026

All-time high

83

Jan 2023

All-time low

18

Mar 2026

Average rank

47

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
34
27
7
35
Price/Earnings
55
37
28
55
Price/Book
54
45
20
39
Dividend Yield
1
1
1
1
Value (overall)
39
26
14
45

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →