Stock AnalizSps Commerce Inc. SPSC
Computer Software: Prepackaged Software · IPO 2010 · data as of November 13, 2026
Sps Commerce Inc. (SPSC) is a technology company listed in the US with a market value of about $2.9B. In the twelve months to September 30, 2026 it had revenue of $780M and net income of $83M, a net margin of 10.7%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is future growth (5/5); the weakest is value (1/5).
Key numbers: a P/E of 36.0, a price to free cash flow of 14.2, 5-year revenue growth of 19% a year, a 5-year average ROIC of 9%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 21% below the current price.
Score: 3.0 / 5
Checks passed
- P/FCF below 20
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
Checks not passed
- P/E below 25
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 5-year average ROIC above 12%
- ROE above 15%
- Pays a dividend
- Share count down over 3 years (buybacks)
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $780M | $752M | $638M | $537M | $451M | $385M | $313M | $279M | $248M | $221M | $193M |
| Net income | $83M | $93M | $77M | $66M | $55M | $45M | $46M | $34M | $24M | $351000 | $5M |
| Free cash flow | $203M | $152M | $137M | $113M | $80M | $93M | $72M | $58M | $41M | $24M | $11M |
| EPS (diluted) | $2.26 | $2.46 | $2.04 | $1.76 | $1.49 | $1.21 | $1.26 | $0.94 | $0.68 | $0.01 | $0.14 |
| Net margin | 10.7% | 12.4% | 12.1% | 12.3% | 12.2% | 11.6% | 14.6% | 12.1% | 9.6% | 0.2% | 2.6% |
| ROIC | — | 9.1% | 7.9% | 8.7% | 9.9% | 9.1% | 9.8% | 8.1% | 7.1% | 2.7% | 1.6% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 11 analysts is $84.82, 4% above the current price; targets range from $70.00 to $103.00; the consensus rating is “Hold”; expected EPS is $5.09 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Sps Commerce’s P/E ratio?
About 36.0, based on the last twelve months of diluted earnings per share (forward P/E about 15.2).
Is Sps Commerce stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 21% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Sps Commerce pay a dividend?
Not currently.
Is Sps Commerce a good stock to buy?
We do not give buy or sell advice. Sps Commerce scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
Similar companies
Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.