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SPS Commerce (SPSC) Ratios
SPS Commerce Ratios
SPSC's free cash flow for Q3 2026 was $58.50M. For the 2026 fiscal year, SPSC's free cash flow was decreased by $-5.51M and operating cash flow was $64.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.17 | 2.60 | 3.07 | 2.92 | 3.43 |
| Quick Ratio | 2.17 | 2.60 | 3.07 | 2.92 | 3.43 |
| Cash Ratio | 0.98 | 1.64 | 1.68 | 1.47 | 2.02 |
| Solvency Ratio | 0.77 | 0.68 | 0.64 | 0.61 | 0.53 |
| Operating Cash Flow Ratio | 1.16 | 1.07 | 1.01 | 0.90 | 1.10 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ 139.34M | $ 205.37M | $ 245.07M | $ 186.97M | $ 220.86M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 |
| Debt-to-Equity Ratio | 0.01 | 0.01 | 0.02 | 0.03 | 0.04 |
| Debt-to-Capital Ratio | 0.01 | 0.01 | 0.02 | 0.03 | 0.04 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 1.20 | 1.21 | 1.23 | 1.25 | 1.27 |
| Debt Service Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt to Market Cap | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Debt Per Share | 0.19 | 0.33 | 0.38 | 0.48 | 0.57 |
| Net Debt to EBITDA | -0.82 | -1.61 | -1.83 | -1.47 | -2.38 |
| Profitability Margins | |||||
| Gross Profit Margin | 69.18% | 66.96% | 66.09% | 66.05% | 65.82% |
| EBIT Margin | 15.74% | 15.60% | 14.39% | 15.82% | 13.90% |
| EBITDA Margin | 23.49% | 22.22% | 20.86% | 22.04% | 20.36% |
| Operating Profit Margin | 15.74% | 13.94% | 14.39% | 15.79% | 14.30% |
| Pretax Profit Margin | 16.48% | 15.60% | 15.94% | 15.82% | 13.90% |
| Net Profit Margin | 12.42% | 12.08% | 12.26% | 12.23% | 11.58% |
| Continuous Operations Profit Margin | 12.42% | 12.08% | 12.26% | 12.23% | 11.58% |
| Net Income Per EBT | 75.37% | 77.46% | 76.93% | 77.30% | 83.30% |
| EBT Per EBIT | 104.68% | 111.92% | 110.76% | 100.20% | 97.20% |
| Return on Assets (ROA) | 7.98% | 7.47% | 7.99% | 8.19% | 7.24% |
| Return on Equity (ROE) | 9.58% | 9.02% | 9.86% | 10.27% | 9.21% |
| Return on Capital Employed (ROCE) | 11.65% | 10.05% | 11.14% | 12.66% | 10.74% |
| Return on Invested Capital (ROIC) | 8.74% | 7.74% | 8.52% | 9.71% | 8.87% |
| Return on Tangible Assets | 22.64% | 17.09% | 14.09% | 14.24% | 10.78% |
| Earnings Yield | 2.76% | 1.12% | 0.93% | 1.19% | 0.87% |
| Efficiency Ratios | |||||
| Receivables Turnover | 11.02 | 12.26 | 11.46 | 11.43 | 11.15 |
| Payables Turnover | 16.84 | 24.57 | 24.54 | 13.60 | 15.81 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 15.61 | 13.94 | 12.23 | 10.10 | 9.01 |
| Asset Turnover | 0.64 | 0.62 | 0.65 | 0.67 | 0.63 |
| Working Capital Turnover Ratio | 3.61 | 2.52 | 2.22 | 1.95 | 1.91 |
| Cash Conversion Cycle | 11.43 | 14.92 | 16.97 | 5.08 | 9.65 |
| Days of Sales Outstanding | 33.11 | 29.78 | 31.84 | 31.92 | 32.74 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 21.68 | 14.86 | 14.88 | 26.84 | 23.09 |
| Operating Cycle | 33.11 | 29.78 | 31.84 | 31.92 | 32.74 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 4.72 | 4.22 | 3.61 | 2.77 | 3.14 |
| Free Cash Flow Per Share | 4.02 | 3.68 | 3.07 | 2.22 | 2.60 |
| Dividend Paid and CapEx Coverage Ratio | 6.74 | 7.85 | 6.69 | 5.03 | 5.76 |
| Capital Expenditure Coverage Ratio | 6.74 | 7.85 | 6.69 | 5.03 | 5.76 |
| Operating Cash Flow Coverage Ratio | 24.86 | 12.62 | 9.43 | 5.79 | 5.50 |
| Operating Cash Flow to Sales Ratio | 0.24 | 0.25 | 0.25 | 0.22 | 0.29 |
| Free Cash Flow Yield | 4.51% | 2.00% | 1.58% | 1.73% | 1.82% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 36.23 | 88.88 | 107.92 | 84.13 | 114.68 |
| Price-to-Sales (P/S) Ratio | 4.49 | 10.76 | 13.23 | 10.29 | 13.27 |
| Price-to-Book (P/B) Ratio | 3.47 | 8.03 | 10.64 | 8.64 | 10.56 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 22.17 | 49.97 | 63.12 | 57.86 | 54.81 |
| Price-to-Operating Cash Flow Ratio | 18.88 | 43.61 | 53.69 | 46.36 | 45.30 |
| Price-to-Earnings Growth (PEG) Ratio | 1.92 | 5.93 | 6.12 | 3.60 | -29.59 |
| Enterprise Value Multiple | 18.31 | 46.82 | 61.60 | 45.21 | 62.80 |
| Enterprise Value | 3.23B | 6.64B | 6.90B | 4.49B | 4.93B |
| EV to EBITDA | 18.31 | 46.82 | 61.60 | 45.21 | 62.80 |
| EV to Sales | 4.30 | 10.40 | 12.85 | 9.96 | 12.79 |
| EV to Free Cash Flow | 21.23 | 48.31 | 61.30 | 56.04 | 52.81 |
| EV to Operating Cash Flow | 18.08 | 42.16 | 52.14 | 44.91 | 43.65 |
| Tangible Book Value Per Share | 5.71 | 7.35 | 8.49 | 6.96 | 7.85 |
| Shareholders’ Equity Per Share | 25.71 | 22.91 | 18.21 | 14.87 | 13.48 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.25 | 0.23 | 0.23 | 0.23 | 0.17 |
| Revenue Per Share | 19.84 | 17.10 | 14.65 | 12.48 | 10.72 |
| Net Income Per Share | 2.46 | 2.07 | 1.80 | 1.53 | 1.24 |
| Tax Burden | 0.75 | 0.77 | 0.77 | 0.77 | 0.83 |
| Interest Burden | 1.05 | 1.00 | 1.11 | 1.00 | 1.00 |
| Research & Development to Revenue | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 |
| SG&A to Revenue | 0.39 | 0.39 | 0.16 | 0.15 | 0.16 |
| Stock-Based Compensation to Revenue | 0.07 | 0.09 | 0.08 | 0.07 | 0.07 |
| Income Quality | 1.92 | 2.04 | 2.01 | 1.81 | 2.53 |
Currency in USD
