Webull Corporation (BULL) vs SPS Commerce, Inc. (SPSC)

Webull Corporation and SPS Commerce, Inc. are both Software Application companies. Webull Corporation and SPS Commerce, Inc. are of similar size ($3.4B and $3.1B). SPS Commerce, Inc. trades at the lower P/E: 41.0× against 60.7×. Webull Corporation grew revenue faster over the last twelve months: 47.9% against 9.80%. SPS Commerce, Inc. has the higher net margin (10.1% vs 6.26%) and the higher return on invested capital (8.07% vs 0.00%). Across the 20 metrics below, SPS Commerce, Inc. leads on 11 and Webull Corporation on 9.

Valuation

Metric BULL SPSC Software Application median
P/E 60.70 40.99 25.41
P/S 4.73 4.03 2.73
P/B 3.09 3.32 2.57
Price to free cash flow 4.24 15.67 17.58
EV/EBITDA 16.86 18.41 15.36
EV/Sales 2.10 3.81 2.59
Earnings yield 1.65% 2.44% 0.00%
Free cash flow yield 23.56% 6.38% 2.24%

Profitability

Metric BULL SPSC Software Application median
Gross margin 77.46% 69.82% 67.03%
Operating margin 12.44% 12.80% 0.00%
Net margin 6.26% 10.10% 0.00%
Free cash flow margin 111.47% 25.72% 5.01%
Return on equity 4.74% 8.26% 0.00%
Return on assets 1.26% 6.94% 0.00%
Return on invested capital 0.00% 8.07% 0.00%

Growth

Metric BULL SPSC Software Application median
Revenue growth (TTM) 47.94% 9.80% 12.48%
EPS growth (last fiscal year) (685.71%) 20.59% 32.26%
Revenue growth, 5-year CAGR — 19.17% 14.21%
Net income growth, 5-year CAGR — 15.41% 0.00%

Health

Metric BULL SPSC Software Application median
Debt to equity 0.06 0.00 0.02
Current ratio 1.29 2.26 1.52
Net debt to EBITDA (34.46) (0.86) 0.08

Dividend

Metric BULL SPSC Software Application median
Dividend yield — — 0.95%
Payout ratio — — 0.29

Size

Metric BULL SPSC Software Application median
Market cap 3.40b 3.13b 357.77m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack