NCR Atleos Corporation (NATL) vs SPS Commerce, Inc. (SPSC)

NCR Atleos Corporation and SPS Commerce, Inc. are both Software Application companies. NCR Atleos Corporation is the larger, with a market value of $3.5B against $2.9B — 1.2× the size. NCR Atleos Corporation trades at the lower P/E: 13.0× against 36.4×. SPS Commerce, Inc. grew revenue faster over the last twelve months: 6.92% against 2.16%. SPS Commerce, Inc. has the higher net margin (10.7% vs 6.07%) and the lower return on invested capital (8.97% vs 13.4%). Across the 20 metrics below, NCR Atleos Corporation leads on 10 and SPS Commerce, Inc. on 10.

Valuation

Metric NATL SPSC Software Application median
P/E 12.97 36.41 25.90
P/S 0.79 3.79 3.04
P/B 6.17 3.17 2.60
Price to free cash flow 11.03 14.61 17.17
EV/EBITDA 7.16 16.41 15.48
EV/Sales 1.28 3.56 2.89
Earnings yield 7.71% 2.75% 0.00%
Free cash flow yield 9.07% 6.85% 1.98%

Profitability

Metric NATL SPSC Software Application median
Gross margin 25.74% 70.23% 66.89%
Operating margin 13.17% 13.79% 0.00%
Net margin 6.07% 10.65% 0.00%
Free cash flow margin 7.03% 25.97% 5.77%
Return on equity 59.73% 8.79% 0.00%
Return on assets 4.79% 7.26% 0.00%
Return on invested capital 13.37% 8.97% 0.00%

Growth

Metric NATL SPSC Software Application median
Revenue growth (TTM) 2.16% 6.92% 12.27%
EPS growth (last fiscal year) 98.15% 20.59% 32.11%
Revenue growth, 5-year CAGR — 19.17% 14.34%
Net income growth, 5-year CAGR — 15.41% 0.00%

Health

Metric NATL SPSC Software Application median
Debt to equity 4.36 0.00 0.02
Current ratio 0.90 2.25 1.53
Net debt to EBITDA 2.70 (0.86) 0.09

Dividend

Metric NATL SPSC Software Application median
Dividend yield — — 1.10%
Payout ratio — — 0.28

Size

Metric NATL SPSC Software Application median
Market cap 3.47b 2.93b 487.58m

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