SPS Commerce, Inc. (SPSC) vs Via Transportation Inc. (VIA)

SPS Commerce, Inc. and Via Transportation Inc. are both Software Application companies. SPS Commerce, Inc. and Via Transportation Inc. are of similar size ($3.1B and $2.9B). Via Transportation Inc. has negative trailing earnings, so its P/E is not meaningful; SPS Commerce, Inc. trades at 36.4×. SPS Commerce, Inc. has the higher net margin (10.7% vs −20.0%) and the higher return on invested capital (8.97% vs −19.6%). Across the 15 metrics below, SPS Commerce, Inc. leads on 12 and Via Transportation Inc. on 3.

Valuation

Metric SPSC VIA Software Application median
P/E 36.41 n/m 25.90
P/S 3.79 6.25 3.04
P/B 3.17 4.97 2.60
Price to free cash flow 14.61 n/m 17.17
EV/EBITDA 16.41 n/m 15.48
EV/Sales 3.56 5.61 2.89
Earnings yield 2.75% (5.96%) 0.00%
Free cash flow yield 6.85% (1.57%) 1.98%

Profitability

Metric SPSC VIA Software Application median
Gross margin 70.23% 39.80% 66.89%
Operating margin 13.79% (18.02%) 0.00%
Net margin 10.65% (20.04%) 0.00%
Free cash flow margin 25.97% (9.83%) 5.77%
Return on equity 8.79% 53.32% 0.00%
Return on assets 7.26% (27.43%) 0.00%
Return on invested capital 8.97% (19.61%) 0.00%

Growth

Metric SPSC VIA Software Application median
Revenue growth (TTM) 6.92% — 12.27%
EPS growth (last fiscal year) 20.59% 59.61% 32.11%
Revenue growth, 5-year CAGR 19.17% — 14.34%
Net income growth, 5-year CAGR 15.41% — 0.00%

Health

Metric SPSC VIA Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 2.25 5.05 1.53
Net debt to EBITDA (0.86) 5.45 0.09

Dividend

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

Size

Metric SPSC VIA Software Application median
Market cap 2.93b 3.08b 487.58m

Compare with another peer

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