Switch theme
Sign up to access all valuation multiples
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 $689M
LTM EBITDA $205M
$5.3B
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 (LTM) of $689M and a last 12-month EBITDA of $205M.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $689M | XXX | $638M | XXX | XXX | XXX |
| Gross Profit | $476M | XXX | $427M | XXX | XXX | XXX |
| Gross Margin | 69% | XXX | 67% | XXX | XXX | XXX |
| EBITDA | $205M | XXX | $131M | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 21% | XXX | XXX | XXX |
| EBIT | $184M | XXX | $88.9M | XXX | XXX | XXX |
| EBIT Margin | 27% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $140M | XXX | $77.1M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, SPS Commerce's stock price is $141.
SPS Commerce has current market cap of $5.3B, and EV of $5.3B.
See SPS Commerce trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.3B | $5.3B | XXX | XXX | XXX | XXX | $3.67 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, SPS Commerce has market cap of $5.3B and EV of $5.3B.
SPS Commerce's trades at 8.2x EV/Revenue multiple, and 40.1x EV/EBITDA.
Equity research analysts estimate SPS Commerce's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
SPS Commerce has a P/E ratio of 38.1x.
See valuation multiples for SPS Commerce and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5.3B | XXX | $5.3B | XXX | XXX | XXX |
| EV (current) | $5.3B | XXX | $5.3B | XXX | XXX | XXX |
| EV/Revenue | 7.6x | XXX | 8.2x | XXX | XXX | XXX |
| EV/EBITDA | 25.7x | XXX | 40.1x | XXX | XXX | XXX |
| EV/EBIT | 28.6x | XXX | 59.2x | XXX | XXX | XXX |
| EV/Gross Profit | 11.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 38.1x | XXX | 69.3x | XXX | XXX | XXX |
| EV/FCF | 33.9x | XXX | 38.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialSPS Commerce's last 12 month revenue growth is 16%
SPS Commerce's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
SPS Commerce's rule of 40 is 37% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
SPS Commerce's rule of X is 71% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for SPS Commerce and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 20% | XXX | 44% | XXX | XXX | XXX |
| Rule of 40 | 37% | XXX | 37% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 71% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 23% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 53% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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 $5.3B |
| What is the current revenue of SPS Commerce? | SPS Commerce's last 12 months revenue is $689M. |
| What is the current revenue growth of SPS Commerce? | SPS Commerce revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of SPS Commerce? | Current revenue multiple of SPS Commerce is 7.6x. |
| Is SPS Commerce profitable? | Yes, SPS Commerce is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of SPS Commerce? | SPS Commerce's last 12 months EBITDA is $205M. |
| What is SPS Commerce's EBITDA margin? | SPS Commerce's last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of SPS Commerce? | Current EBITDA multiple of SPS Commerce is 25.7x. |
| What is the current FCF of SPS Commerce? | SPS Commerce's last 12 months FCF is $155M. |
| What is SPS Commerce's FCF margin? | SPS Commerce's last 12 months FCF margin is 23%. |
| What is the current EV/FCF multiple of SPS Commerce? | Current FCF multiple of SPS Commerce is 33.9x. |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
