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%
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

SPS Commerce, Inc. (SPSC) Return on invested capital

Alert me on Return on invested capital

SPS Commerce, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 8.97%, down 0.0 percentage points from fiscal 2025 (8.99%). Over the past ten years it has ranged from 3.62% (fiscal 2016) to 17.0% (fiscal 2019); the current reading is higher than 36% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 8.99% (0.06)
FY2024 9.05% (3.27)
FY2023 12.3% (1.46)
FY2022 13.8% (1.39)
FY2021 15.2% 1.73
FY2020 13.4% (3.54)
FY2019 17.0% 5.10
FY2018 11.9% 6.88
FY2017 5.00% 1.38
FY2016 3.62% (1.09)

Against its own ten years

Low 3.62% High 17.0%
Ten-year median 11.9%
Current reading's percentile 36

Return on invested capital against peers

Company Return on invested capital
AGYS Agilysys, Inc. compare 14.0%
NATL NCR Atleos Corporation compare 13.4%
ALRM Alarm.com Holdings, Inc. compare 9.71%
SPSC SPS Commerce, Inc. 8.97%
ASAN Asana, Inc. compare 0.00%
BULL Webull Corporation compare 0.00%
FSLY Fastly, Inc. compare −4.20%
INTA Intapp, Inc. compare −10.4%
VIA Via Transportation Inc. compare −19.6%
Software Application industry median 0.00%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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