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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 $712M
LTM EBITDA $214M
$4.0B
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 $712M and a last 12-month EBITDA of $214M.
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 | $712M | XXX | $638M | XXX | XXX | XXX |
| Gross Profit | $494M | XXX | $427M | XXX | XXX | XXX |
| Gross Margin | 69% | XXX | 67% | XXX | XXX | XXX |
| EBITDA | $214M | XXX | $131M | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 21% | XXX | XXX | XXX |
| EBIT | $193M | XXX | $88.9M | XXX | XXX | XXX |
| EBIT Margin | 27% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $146M | XXX | $77.1M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of August 8, 2025, SPS Commerce's stock price is $109.
SPS Commerce has current market cap of $4.1B, and EV of $4.0B.
See SPS Commerce trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.0B | $4.1B | XXX | XXX | XXX | XXX | $3.82 |
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Start Free TrialAs of August 8, 2025, SPS Commerce has market cap of $4.1B and EV of $4.0B.
SPS Commerce's trades at 6.3x EV/Revenue multiple, and 30.8x 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 28.4x.
See valuation multiples for SPS Commerce and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4.1B | XXX | $4.1B | XXX | XXX | XXX |
| EV (current) | $4.0B | XXX | $4.0B | XXX | XXX | XXX |
| EV/Revenue | 5.7x | XXX | 6.3x | XXX | XXX | XXX |
| EV/EBITDA | 18.8x | XXX | 30.8x | XXX | XXX | XXX |
| EV/EBIT | 20.9x | XXX | 45.4x | XXX | XXX | XXX |
| EV/Gross Profit | 8.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 28.4x | XXX | 53.6x | XXX | XXX | XXX |
| EV/FCF | 25.8x | XXX | 29.4x | 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.
Start Free TrialSPS Commerce's last 12 month revenue growth is 13%
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 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
SPS Commerce's rule of X is 62% (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 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | 44% | XXX | XXX | XXX |
| Rule of 40 | 34% | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 62% | 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 |
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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 |
| CID Holdco | 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 65K+ 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 $4.1B |
| What is the current revenue of SPS Commerce? | SPS Commerce's last 12 months revenue is $712M. |
| What is the current revenue growth of SPS Commerce? | SPS Commerce revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of SPS Commerce? | Current revenue multiple of SPS Commerce is 5.7x. |
| 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 $214M. |
| 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 18.8x. |
| What is the current FCF of SPS Commerce? | SPS Commerce's last 12 months FCF is $156M. |
| What is SPS Commerce's FCF margin? | SPS Commerce's last 12 months FCF margin is 22%. |
| What is the current EV/FCF multiple of SPS Commerce? | Current FCF multiple of SPS Commerce is 25.8x. |
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