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SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. Its products are; Fulfillment, Analytics, and Other products like Assortment and Community also it provides one-time services such as professional services and testing and certification. The group derives revenue from subscription-based recurring revenue services.
1987
2.8K+
LTM Revenue $672M
LTM EBITDA $199M
$4.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
SPS Commerce has a last 12-month revenue of $672M and a last 12-month EBITDA of $199M.
In the most recent fiscal year, SPS Commerce achieved revenue of $638M and an EBITDA of $131M.
SPS Commerce expects next 12-month revenue of XXX and NTM EBITDA of XXX
See SPS Commerce valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $537M | $638M | XXX | XXX | XXX |
| Gross Profit | $298M | $355M | XXX | XXX | XXX |
| Gross Margin | 55% | 56% | XXX | XXX | XXX |
| EBITDA | $112M | $131M | XXX | XXX | XXX |
| EBITDA Margin | 21% | 21% | XXX | XXX | XXX |
| Net Profit | $55.1M | $65.8M | XXX | XXX | XXX |
| Net Margin | 10% | 10% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, SPS Commerce's stock price is $130.
SPS Commerce has current market cap of $5.0B, and EV of $4.7B.
See SPS Commerce trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.7B | $5.0B | XXX | XXX | XXX | XXX | $3.58 |
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Sign UpAs of April 15, 2025, SPS Commerce has market cap of $5.0B and EV of $4.7B.
SPS Commerce's trades at 7.0x LTM EV/Revenue multiple, and 23.8x LTM EBITDA.
Analysts estimate SPS Commerce's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for SPS Commerce and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $4.7B | XXX | XXX | XXX |
| EV/Revenue | 7.4x | XXX | XXX | XXX |
| EV/EBITDA | 36.0x | XXX | XXX | XXX |
| P/E | 64.3x | XXX | XXX | XXX |
| P/E/Growth | 1.2x | XXX | XXX | XXX |
| EV/FCF | 34.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpSPS Commerce's NTM/LTM revenue growth is 17%
SPS Commerce's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, SPS Commerce's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate SPS Commerce's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for SPS Commerce and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 38% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 23% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 16% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 10% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 53% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Logory | XXX | XXX | XXX | XXX | XXX | XXX |
| Huitongda Network | XXX | XXX | XXX | XXX | XXX | XXX |
| Logo Yazilim Sanayi | XXX | XXX | XXX | XXX | XXX | XXX |
| Emro | XXX | XXX | XXX | XXX | XXX | XXX |
| Aspen Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
SPS Commerce acquired XXX companies to date.
Last acquisition by SPS Commerce was XXXXXXXX, XXXXX XXXXX XXXXXX . SPS Commerce acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was SPS Commerce founded? | SPS Commerce was founded in 1987. |
| Where is SPS Commerce headquartered? | SPS Commerce is headquartered in United States of America. |
| How many employees does SPS Commerce have? | As of today, SPS Commerce has 2.8K+ employees. |
| Who is the CEO of SPS Commerce? | SPS Commerce's CEO is Mr. Chadwick Collins. |
| Is SPS Commerce publicy listed? | Yes, SPS Commerce is a public company listed on NAS. |
| What is the stock symbol of SPS Commerce? | SPS Commerce trades under SPSC ticker. |
| When did SPS Commerce go public? | SPS Commerce went public in 2010. |
| Who are competitors of SPS Commerce? | Similar companies to SPS Commerce include e.g. Logory, Huitongda Network, Logo Yazilim Sanayi, Emro. |
| What is the current market cap of SPS Commerce? | SPS Commerce's current market cap is $5.0B |
| What is the current revenue of SPS Commerce? | SPS Commerce's last 12-month revenue is $672M. |
| What is the current EBITDA of SPS Commerce? | SPS Commerce's last 12-month EBITDA is $199M. |
| What is the current EV/Revenue multiple of SPS Commerce? | Current revenue multiple of SPS Commerce is 7.0x. |
| What is the current EV/EBITDA multiple of SPS Commerce? | Current EBITDA multiple of SPS Commerce is 23.8x. |
| What is the current revenue growth of SPS Commerce? | SPS Commerce revenue growth between 2023 and 2024 was 19%. |
| Is SPS Commerce profitable? | Yes, SPS Commerce is EBITDA-positive (as of the last 12 months). |
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