SPS Commerce
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
50.8738.7718.25
Price/Sales ratio
5.714.994.40
Earnings per Share (EPS)
$2.23$2.93$6.23

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
340.09250.67207.45-342.2559.3457.5783.91114.6784.13107.9198.2059.34
Price/Sales ratio
7.187.336.123.785.706.9512.2313.2710.2813.2312.005.70
Price/Book Value ratio
4.485.234.753.014.445.469.0910.568.6310.6410.084.44
Price/Cash Flow ratio
54.7780.5963.1226.8925.7427.0343.1945.3046.3653.6954.1125.74
Price/Free Cash Flow ratio
99.89205.01110.1235.1134.3233.3453.0554.8157.8563.1267.5334.32
Price/Earnings Growth ratio
2.413.689.682.41-0.051.472.44-29.583.596.114.33-0.05
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
68.74%68.43%66.71%66.62%67.06%66.95%68.06%65.82%66.05%66.08%66.05%66.95%
Operating Profit Margin
3.42%4.43%3.88%3.82%10.76%13.75%16.04%14.29%15.78%14.38%15.78%10.76%
Pretax Profit Margin
3.21%4.46%4.57%4.14%11.41%15.07%16.85%13.89%15.81%15.93%15.81%11.41%
Net Profit Margin
2.11%2.92%2.95%-1.10%9.61%12.07%14.58%11.57%12.22%12.25%12.22%9.61%
Effective Tax Rate
34.24%34.43%35.48%126.69%15.76%19.86%13.46%16.70%22.69%23.06%22.69%15.76%
Return on Assets
1.10%1.77%1.91%-0.72%6.18%7.53%8.67%7.24%8.19%7.98%8.19%6.18%
Return On Equity
1.31%2.08%2.29%-0.88%7.48%9.49%10.83%9.20%10.26%9.86%10.84%7.48%
Return on Capital Employed
1.99%2.95%2.82%2.88%8.11%10.15%11.23%10.73%12.65%11.14%12.65%8.11%
Liquidity Ratios
Current Ratio
6.606.885.785.084.414.283.38N/AN/AN/A2.914.28
Quick Ratio
6.116.255.184.503.803.692.942.992.443.072.293.69
Cash ratio
5.325.013.602.852.362.581.892.011.471.671.472.58
Days of Sales Outstanding
43.9940.5539.1741.2040.4141.2339.2032.7431.9231.8431.9241.23
Days of Inventory outstanding
110.72110.03109.04124.39154.04139.58137.10123.43125.79N/AN/A139.58
Operating Cycle
154.71150.59148.22165.59194.46180.81176.30156.17157.7231.847.87180.81
Days of Payables Outstanding
36.1515.7713.0522.1219.8216.9119.5723.0926.8414.8726.8419.82
Cash Conversion Cycle
118.56134.81135.16143.46174.64163.90156.73133.08130.8816.965.08163.90
Debt Ratios
Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/A0.000.000.20N/A
Debt Equity Ratio
N/AN/AN/AN/AN/AN/AN/AN/A0.000.000.25N/A
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.02N/A
Total Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/A0.000.000.03N/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/A23.3929.665.78N/A
Company Equity Multiplier
1.181.171.191.211.211.261.241.271.251.231.251.21
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.130.090.090.140.220.250.280.290.220.240.220.22
Free Cash Flow / Operating Cash Flow Ratio
0.540.390.570.760.750.810.810.820.800.850.800.75
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/A23.3929.665.78N/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/A23.3929.6623.39N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A