US · SPSC
SPS Commerce, Inc.
- Sector
- Technology · Software - Infrastructure
- Headquarters
- Minneapolis, MN 55402
- Website
- spscommerce.com
Price · as of 2025-12-31
$58.92
Market cap 2.13B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $77.50 | +31.53% |
| Intrinsic Value(DCF) | $73.48 | +24.71% |
| Graham-Dodd Method(GD) | $23.73 | -59.73% |
| Graham Formula(GF) | $61.99 | +5.2% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $13.19 | $49.75 | $68.80 | $5.11 | $21.10 |
| 2012 | $19.83 | $56.27 | $85.59 | $4.42 | $1.86 |
| 2013 | $35.58 | $59.83 | $160.60 | $5.67 | $1.45 |
| 2014 | $34.27 | $51.25 | $111.74 | $5.66 | $2.48 |
| 2015 | $20.57 | $45.73 | $94.99 | $6.38 | $4.33 |
| 2016 | $27.30 | $43.96 | $71.63 | $6.73 | $4.92 |
| 2017 | $31.90 | $46.01 | $38.98 | $6.20 | $0.00 |
| 2018 | $53.04 | $106.80 | $22.73 | $10.72 | $14.01 |
| 2019 | $52.63 | $61.80 | $10.37 | $12.75 | $19.24 |
| 2020 | $106.85 | $85.08 | $8.31 | $14.59 | $25.38 |
| 2021 | $122.53 | $98.07 | $43.83 | $15.69 | $37.64 |
| 2022 | $141.40 | $107.39 | $63.87 | $17.04 | $37.23 |
| 2023 | $184.59 | $126.28 | $109.71 | $20.40 | $47.25 |
| 2024 | $128.22 | $107.67 | $128.90 | $22.54 | $53.94 |
| 2025 | $58.41 | $77.50 | $146.69 | $23.73 | $61.99 |
AI valuation
Our deep-learning model estimates SPS Commerce, Inc.'s (SPSC) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $77.50
- Current price
- $58.92
- AI upside
- +31.53%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$73.48
+24.71% upside
Graham-Dodd
$23.73
-59.73% upside
Graham Formula
$61.99
+5.2% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| SPSC | SPS Commerce, Inc. | $58.92 | 2.13B | +32% | +25% | -60% | +5% | 23.71 | 2.27 | 2.94 | 11.37 | 115.14 | 10.23 | 64.23% | 15.74% | 12.42% | 10.21% | 12.23% | 8.48% | 0.01 | — | 1.74 | 1.42 | -0.78 | 2059.00% | 1783.00% | 1086.00% | 6.88% | 1.16 | 20.88% | 0.00% | 0.00% | 5.16% | 17.51 | 13.60 | 2.76 | 8.38 |
| AVPT | AvePoint, Inc. | $10.78 | 2.33B | +503% | +316% | -72% | -47% | 62.12 | 4.56 | 5.20 | 36.63 | — | 5.09 | 74.06% | 7.87% | 8.37% | 9.39% | 2414.32% | 5.37% | 0.02 | — | 2.28 | 2.21 | -10.09 | -19375.00% | 2693.00% | -498.00% | 3.74% | 0.31 | 6875.18% | 0.00% | 0.00% | 11.31% | 51.78 | 20.97 | 4.08 | 4.52 |
| BB | BlackBerry Limited | $3.39 | 2B | +861% | -47% | — | -20% | -28.53 | 3.15 | 4.21 | 36.40 | — | 11.45 | 73.83% | 0.15% | -14.77% | -10.59% | 0.05% | -5.87% | 0.33 | 0.13 | 1.72 | 1.63 | -0.47 | -4091.00% | -2953.00% | -12623.00% | 0.28% | 0.05 | 0.91% | 0.00% | 0.00% | 4.65% | 2693.38 | 336.67 | 4.03 | 0.59 |
| BLKB | Blackbaud, Inc. | $48.54 | 2.32B | +89% | -59% | — | -71% | 20.30 | 27.45 | 2.07 | 9.42 | — | -1.89 | 58.59% | 16.91% | 10.19% | 101.27% | 20.44% | 4.71% | 13.16 | 2.62 | 0.79 | 0.71 | 1.26 | -14232.00% | -235.00% | -1065.00% | 11.04% | 0.22 | 31.66% | 0.00% | 0.00% | 38.50% | 14.12 | 10.45 | 2.39 | 1.23 |
| DOCN | DigitalOcean Holdings, In… | $56.06 | 5.13B | +67% | -35% | -82% | +16% | 20.55 | -185.70 | 5.91 | 16.03 | 11.22 | -11.17 | 59.86% | 17.42% | 28.76% | -223.84% | 20.78% | 14.91% | -25.46 | 8.75 | 0.69 | 0.56 | 1.31 | 18315.00% | 1548.00% | 7645.00% | 3.19% | 0.50 | 22.47% | 0.00% | 0.00% | 16.38% | 36.97 | 34.19 | 6.44 | 2.33 |
| EEFT | Euronet Worldwide, Inc. | $69.55 | 2.92B | +71% | -26% | -10% | +39% | 10.60 | 2.48 | 0.77 | 5.76 | 220.62 | 172.72 | 83.20% | 12.48% | 7.29% | 24.26% | 22.58% | 5.02% | 1.72 | 6.27 | 1.11 | 0.53 | 0.85 | 481.00% | 638.00% | -2945.00% | 13.23% | 0.15 | 26.51% | 0.00% | 0.00% | 0.00% | 7.26 | 8.86 | 0.91 | 1.38 |
| NSIT | Insight Enterprises, Inc. | $83.56 | 2.59B | +22% | -59% | -52% | -81% | 17.01 | 1.62 | 0.32 | 9.37 | — | 50.60 | 21.36% | 4.55% | 1.91% | 9.20% | 9.57% | 1.90% | 0.96 | 4.43 | 1.25 | 1.16 | 2.95 | -2580.00% | -522.00% | -5234.00% | 10.43% | 0.06 | 10.21% | 0.00% | 0.00% | 5.65% | 10.40 | 13.98 | 0.47 | 1.66 |
| ODD | Oddity Tech Ltd. | $11.77 | 669.94M | +705% | +2,387% | +32% | +433% | 6.33 | 1.77 | 0.87 | 2.54 | 75.02 | 2.43 | 72.69% | 14.67% | 13.67% | 32.63% | 84.71% | 14.05% | 0.10 | — | 5.24 | 3.75 | -2.79 | 843.00% | 2516.00% | -3554.00% | 11.94% | 0.76 | 73.10% | 0.00% | 0.00% | 47.62% | 2.76 | 3.92 | 0.41 | 2.52 |
| PAGS | PagSeguro Digital Ltd. | $10.61 | 3.19B | +155% | -38% | +38% | +185% | 5.23 | 0.85 | 0.68 | 6.85 | 17.56 | 1.06 | 47.95% | 32.50% | 11.54% | 17.05% | 13.71% | 3.72% | 2.77 | 1.59 | 1.51 | 1.40 | 5.27 | 2980.00% | 1692.00% | -38522.00% | -46.05% | -0.08 | -14.84% | 0.00% | 0.00% | 6.30% | 8.67 | -9.01 | 2.82 | 1.20 |
| WRD | WeRide Inc. | $6.99 | 2.01B | +28% | +6,517% | — | -70% | -12.79 | 4.56 | 89.15 | -10.70 | -53.34 | 4.60 | 30.66% | -605.09% | -696.92% | -125.40% | 63.42% | -37.82% | 0.02 | -780.14 | 13.43 | 12.92 | 1.71 | 2398.00% | -1013.00% | 3268.00% | -2.11% | -1.09 | 19.71% | 0.00% | 0.00% | 7.82% | -11.79 | -37.94 | 71.34 | 29.36 |
| YOU | Clear Secure, Inc. | $48.64 | 4.67B | +10% | +77% | — | +28% | 18.79 | 25.80 | 5.09 | 16.14 | — | 40.83 | 85.81% | 20.70% | 27.09% | 129.75% | -45.91% | 19.53% | 0.00 | — | 1.01 | 0.92 | -0.36 | -2821.00% | 1691.00% | 2096.00% | 7.48% | 0.49 | -84.48% | 2.00% | 37.70% | 7.82% | 20.83 | 11.32 | 4.31 | 3.80 |
About SPS Commerce, Inc.
SPS Commerce, Inc. provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships. The company also provides Fulfillment solution that provides fulfillment automation and replaces or augments an organization's existing staff and trading partner electronic communication infrastructure by enabling easy compliance with retailers' rulebooks, automatic, and digital exchange of information among numerous trading partners through various protocols, and greater visibility into the journey of an order; and Analytics solution, which consists of data analytics applications that enables customers to enhance their visibility across supply chains through greater analytics capabilities. In addition, it offers various complimentary products, such as assortment product, which enables accurate order management and rapid fulfillment; and community product that accelerates vendor onboarding and ensures trading partner adoption of new supply chain requirements. 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.
- CEO
- Chadwick Collins
- Employees
- 2.78K
- Beta
- 0.56
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($73.48 ÷ $58.92) − 1 = +24.71% (DCF, example).