Intapp, Inc. (INTA) vs SPS Commerce, Inc. (SPSC)

Intapp, Inc. and SPS Commerce, Inc. are both Software Application companies. Intapp, Inc. and SPS Commerce, Inc. are of similar size ($3.0B and $2.8B). Intapp, Inc. has negative trailing earnings, so its P/E is not meaningful; SPS Commerce, Inc. trades at 39.1×. Intapp, Inc. grew revenue faster over the last twelve months: 14.6% against 9.80%. SPS Commerce, Inc. has the higher net margin (10.1% vs −7.15%) and the higher return on invested capital (8.07% vs −16.2%). Across the 19 metrics below, SPS Commerce, Inc. leads on 16 and Intapp, Inc. on 3.

Valuation

Metric INTA SPSC Software Application median
P/E n/m 39.09 24.79
P/S 4.97 3.84 2.67
P/B 9.05 3.16 3.01
Price to free cash flow 21.08 14.95 16.59
EV/EBITDA n/m 17.51 14.40
EV/Sales 4.72 3.62 2.62
Earnings yield (1.44%) 2.56% 0.00%
Free cash flow yield 4.74% 6.69% 1.91%

Profitability

Metric INTA SPSC Software Application median
Gross margin 75.78% 69.82% 67.03%
Operating margin (6.94%) 12.80% 0.00%
Net margin (7.15%) 10.10% 0.00%
Free cash flow margin 23.60% 25.72% 4.32%
Return on equity (9.87%) 8.26% 0.00%
Return on assets (5.01%) 6.94% 0.00%
Return on invested capital (16.21%) 8.07% 0.00%

Growth

Metric INTA SPSC Software Application median
Revenue growth (TTM) 14.62% 9.80% 12.40%
EPS growth (last fiscal year) (126.09%) 20.59% —
Revenue growth, 5-year CAGR 21.90% 19.17% 13.72%
Net income growth, 5-year CAGR 0.00% 15.41% 0.00%

Health

Metric INTA SPSC Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 0.78 2.26 1.55
Net debt to EBITDA 10.09 (0.86) 0.06

Dividend

Metric INTA SPSC Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric INTA SPSC Software Application median
Market cap 2.82b 3.00b 396.11m

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