Valuation SPS Commerce, Inc.

Equities

Real-time Estimate Cboe BZX Other stock markets 23:03:07 11/03/2026 +04			5-day change	1st Jan Change
62.12 ^USD	+1.63%		+0.15%	-30.14%

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	2,286	-	-
Change	-	-9.58%	53.68%	-2.83%	-51.38%	-31.99%	-	-
Enterprise Value (EV) ¹	4,862	4,415	6,838	6,671	3,210	2,021	1,872	1,659
Change	-	-9.21%	54.9%	-2.44%	-51.89%	-37.04%	-7.37%	-11.35%
P/E ratio	118x	86.2x	110x	90.2x	36.2x	23.9x	19.1x	15.7x
PBR	-	-	-	-	-	2.09x	1.81x	1.57x
PEG	-	3.7x	6.1x	5.7x	1.8x	6.24x	0.8x	0.7x
Capitalization / Revenue	13.3x	10.3x	13.2x	10.8x	4.47x	2.85x	2.65x	2.45x
EV / Revenue	12.6x	9.79x	12.7x	10.5x	4.27x	2.52x	2.17x	1.78x
EV / EBITDA	45.4x	33.4x	43.4x	35.7x	13.9x	7.68x	6.28x	4.88x
EV / EBIT	52.4x	37.9x	49.2x	40x	15.3x	8.43x	6.9x	5.31x
EV / FCF	52.1x	55.1x	60.8x	48.6x	21.1x	11.1x	9.16x	7.18x
FCF Yield	1.92%	1.82%	1.65%	2.06%	4.74%	8.99%	10.9%	13.9%
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	61.13	61.13	61.13
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.	23.93x	2.52x	7.68x	-.--%	2.29B
ORACLE CORPORATION	25.06x	7.84x	14.76x	1.29%	429B
SAP SE	24.81x	4.68x	14.29x	1.58%	231B
SERVICENOW, INC.	51x	6.95x	19.46x	-.--%	122B
STRATEGY INCORPORATED	1.92x	107.58x	935.07x	-.--%	46.49B
CONSTELLATION SOFTWARE INC.	43.97x	3.51x	12.36x	0.18%	45.88B
FAIR ISAAC CORPORATION	35.17x	13.44x	21.9x	-.--%	30.49B
TOAST, INC.	36.42x	1.96x	18.34x	-.--%	17.02B
TRIMBLE, INC.	31.07x	4.29x	14.43x	-	16.14B
HUBSPOT, INC.	97.41x	3.3x	13.91x	-.--%	14.2B
Average	37.08x	15.61x	107.22x	0.34%	95.45B
Weighted average by Cap.	29.80x	11.54x	60.21x	0.99%