Friday 6 November 2026 Export SPSC’s income statement to Excel — free account

SPS Commerce, Inc.

SPSC Technology Software Application

SPS Commerce, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $751.5 million, up 17.8% from fiscal 2024.

Revenue: +4.08%
EPS: +27.6%
Free cash flow: +7.23%

Quarter to September 2026, against a year earlier

82.46 2.78 −3.26%

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Market cap: $3.0B
P/E: 36.4×
Fwd P/E: 35.4×
Dividend yield: —
F-score: 6/9
Altman Z: 12.01
Beneish M: −2.50
Dividend safety: n/a

Overview

SPS Commerce, Inc. (SPSC) Price to free cash flow

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As of 5 November 2026, SPS Commerce, Inc. (SPSC) trades at a price to free cash flow of 14.6×. Over the past ten years it has ranged from 10.5× (June 2026) to 545× (October 2015); the current reading is higher than 4% of that period. That is below the Software Application industry median of 17.2× and below the Technology sector median of 18.7×.

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<iframe src="https://stockrow.com/embed/SPSC/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="SPS Commerce, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/SPSC/metrics/price-to-free-cash-flow">SPS Commerce, Inc. (SPSC) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	22.2×	(55.63%)
FY2024	50.0×	(16.73%)
FY2023	60.0×	4.07%
FY2022	57.7×	5.21%
FY2021	54.8×	3.31%
FY2020	53.1×	59.11%
FY2019	33.3×	(2.87%)
FY2018	34.3×	(2.53%)
FY2017	35.2×	(67.82%)
FY2016	109×	(46.62%)

Period	Price to free cash flow	Change
Sep 2026	14.6×	38.95%
Jun 2026	10.5×	(15.68%)
Mar 2026	12.5×	(43.78%)
Dec 2025	22.2×	(16.62%)
43 more quarters	Free account

Against its own ten years

Low 10.5× High 545×

Ten-year median 52.3×

Current reading's percentile 4

Company	Price to free cash flow
VIA Via Transportation Inc. compare	n/m
BULL Webull Corporation compare	3.4×
ASAN Asana, Inc. compare	10.5×
NATL NCR Atleos Corporation compare	11.0×
SPSC SPS Commerce, Inc.	14.6×
ALRM Alarm.com Holdings, Inc. compare	18.4×
INTA Intapp, Inc. compare	22.1×
AGYS Agilysys, Inc. compare	41.9×
FSLY Fastly, Inc. compare	56.7×
Software Application industry median	17.2×
Technology sector median	18.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

SPS Commerce, Inc. (SPSC) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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