SPS Commerce, Inc. FCF Margin History
SPSC / Information Technology|10 years of SEC 10-K data (FY2016-FY2025)
20.3% in FY2025 with a 5-year CAGR of -2.8%.
Declined from 21.0% to 20.3% over the past 2 years.
At 20.3%, SPS Commerce, Inc.'s fcf margin ranks #99 of 266 in the Information Technology sector. FCF Margin has fluctuated over the past 10 years, ranging from 5.6% in FY2016 to 45.8% in FY2017.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 3.46 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year Change
- +2.5pp
- 5-Year Change
- -2.8pp
- 10-Year Change
- -
FCF Margin Trend
#99 of 266 in Information TechnologyTop 37% of 266This company 20.3% Sector average -99.0%
▼
+120.5% above sector average
Key Insights
- In FY2025, fcf margin decreased 5.9% year-over-year.
- Currently 119.2pp above the Information Technology sector average.
- Peak fcf margin was recorded in FY2017.
- Lowest fcf margin in the period was in FY2016.
Annual Data
| Year | FCF Margin | YoY Growth |
|---|---|---|
| FY2025 | 20.3% | -5.9% |
| FY2024 | 21.5% | +2.8% |
| FY2023 | 21.0% | +17.9% |
| FY2022 | 17.8% | -26.6% |
| FY2021 | 24.2% | +5.0% |
| FY2020 | 23.1% | +10.6% |
| FY2019 | 20.8% | +25.5% |
| FY2018 | 16.6% | -63.7% |
| FY2017 | 45.8% | +722.1% |
| FY2016 | 5.6% | +55.6% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026