The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

SPSC

Concerning the House

SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. It offers solutions through SPS Commerce, a cloud-based platform that connects retailers, brands, distributors, manufacturers, and logistics providers, handling the complexity of modern commerce operations. The company also provides Fulfillment, a comprehensive solution designed to streamline supply chain operation that sends and receives order data, ensuring accurate execution of required processes from order to invoicing and revenue recovery through fully automated operations; and Analytics product that simplifies managing sell-through data from customers business partners that handle data acquisition, cleansing, normalization, and delivery. In addition, it offers various complimentary products, such as assortment product, which simplifies the communication of robust, accurate item data by automatically translating item attributes, and hierarchies through single connection across all sales channels; and relationship management product that allows organizations to accelerate digitization of their supply chain and improve collaboration with suppliers through change management, onboarding programs, and supplier score carding. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.

United States · www.spscommerce.com

The Long Run

FY 2011–2025 · 15 years

LineLatestCAGRTrend
Revenue$751.50M+23.8%
Gross profit$354.84M+18.8%
Operating income$118.30M+34.4%
Net income$93.34M+40.1%
Cash from ops$132.30M+39.0%
Quotation

$79.37

+2.96 (+3.9%)

52w hi$115.82
52w lo$49.91
Vol655.94K
As ofAug 13
The Verdict

Hold

Our score +0.17

Short+0.01
Medium+0.34
Long+0.14

computed 2026-08-13

By the Numbers

SPS Commerce, Inc.

Technology · Software - Application

Market cap$2.86B
Enterprise value$2.58B
Trailing P/E38.16x
Forward P/E14.90x
EV / EBITDA14.10x
P / S (ttm)3.70x
Profit margin10.1%
Return on equity8.3%
Revenue growth+5.6%
Earnings growth-63.9%
Debt / equity0.67
Risk Metrics
Beta vs SPX0.94
Corr SPX0.34
Annual vol44.4%
Annual ret-35.5%
Sharpe-0.80
Max DD-75.2%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.10
Sector+0.15
Technical+0.03
Earnings+0.00
Sentiment+0.05

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$76.62$79.47$75.41$79.37655.94K
Aug 12$73.39$76.52$72.76$76.41842.60K
Aug 11$74.21$75.50$73.76$74.91666.10K
Aug 10$72.39$75.03$72.39$74.75529.80K
Aug 7$72.34$74.47$72.34$73.38694.90K