Valuation SPS Commerce, Inc.

Equities

Real-time Estimate Cboe BZX Other stock markets 18:40:23 05/03/2026 +04			5-day change	1st Jan Change
63.46 ^USD	+2.08%		+14.83%	-30.25%

03-04	SPS Commerce, Inc. Presents at Morgan Stanley Technology, Media & Telecom Conference 2026, Mar-04-2026 08:30 AM
02-13	Morgan Stanley Trims Price Target on SPS Commerce to $95 From $100, Keeps Equalweight Rating	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	5,120	4,629	7,113	6,912	3,361	2,325	-	-
Change	-	-9.58%	53.68%	-2.83%	-51.38%	-30.84%	-	-
Enterprise Value (EV) ¹	4,862	4,415	6,838	6,671	3,210	2,060	1,911	1,698
Change	-	-9.21%	54.9%	-2.44%	-51.89%	-35.83%	-7.23%	-11.12%
P/E ratio	118x	86.2x	110x	90.2x	36.2x	24.3x	19.4x	16x
PBR	-	-	-	-	-	2.13x	1.84x	1.6x
PEG	-	3.7x	6.1x	5.7x	1.8x	6.35x	0.8x	0.7x
Capitalization / Revenue	13.3x	10.3x	13.2x	10.8x	4.47x	2.9x	2.7x	2.49x
EV / Revenue	12.6x	9.79x	12.7x	10.5x	4.27x	2.57x	2.22x	1.82x
EV / EBITDA	45.4x	33.4x	43.4x	35.7x	13.9x	7.83x	6.41x	5x
EV / EBIT	52.4x	37.9x	49.2x	40x	15.3x	8.59x	7.05x	5.43x
EV / FCF	52.1x	55.1x	60.8x	48.6x	21.1x	11.3x	9.35x	7.35x
FCF Yield	1.92%	1.82%	1.65%	2.06%	4.74%	8.82%	10.7%	13.6%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	1.21	1.49	1.76	2.04	2.46	2.554	3.203	3.889
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	385.3	450.9	536.9	637.8	751.5	802	861	932.5
EBITDA ¹	107	132.3	157.6	186.6	231.4	263.1	298.1	339.8
EBIT ¹	92.78	116.3	138.9	167	209.2	239.7	271.2	312.8
Net income ¹	44.6	55.13	65.82	77.05	93.34	98.06	123.5	150.6
Net Debt ¹	-257.3	-214.3	-275.4	-241	-151.4	-264.8	-413.8	-626.3
Reference price ²	142.35	128.43	193.84	183.99	89.13	62.17	62.17	62.17
Nbr of stocks (in thousands)	35,964	36,042	36,698	37,568	37,709	37,391	-	-
Announcement Date	09/02/22	09/02/23	08/02/24	10/02/25	12/02/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
SPS COMMERCE, INC.	24.34x	2.57x	7.83x	-.--%	2.32B
ORACLE CORPORATION	27.32x	8.16x	15.44x	1.26%	438B
SAP SE	24.5x	4.61x	14.06x	1.58%	227B
SERVICENOW, INC.	50.08x	6.78x	18.97x	-.--%	119B
STRATEGY INCORPORATED	2.03x	113.58x	981.99x	-.--%	49.17B
CONSTELLATION SOFTWARE INC.	58.93x	3.72x	13.12x	0.21%	41.1B
FAIR ISAAC CORPORATION	40.08x	15.16x	24.71x	-.--%	34.73B
TOAST, INC.	37.14x	2.01x	18.76x	-.--%	17.36B
TRIMBLE, INC.	31.49x	4.35x	14.62x	-	16.36B
HUBSPOT, INC.	102.86x	3.42x	14.47x	-.--%	14.69B
Average	39.88x	16.44x	112.40x	0.34%	96B
Weighted average by Cap.	31.39x	12.35x	65.31x	0.97%