Sps Commerce (SPSC) EV to EBITDA (2011 - 2026)
Sps Commerce's EV to EBITDA came in at 11.87 for Q2 2026, down 63.7% from 32.72 a year earlier but up 10.3% from the prior quarter.
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Analysis
Sps Commerce (SPSC) EV to EBITDA (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Sps Commerce reported EV to EBITDA of 9.12, down 68.8% year-over-year; for FY2025, it was 18.08, down 64.6% from FY2024.
- Going back by year, EV to EBITDA was 51.01 in FY2024 (-16.7%), 61.27 in FY2023 (+37.4%), 44.58 in FY2022 (-26.8%) and 60.86 in FY2021 (+14.2%).
- The five-year range for quarterly EV to EBITDA is 10.76 (Q1 2026) to 71.89 (Q3 2021).
- Year-over-year, EV to EBITDA has declined for nine consecutive quarters, with an average decline of 44.6% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q3 2021 (growth of 88.5%), and the weakest in Q1 2026 (a decline of 68.2%).
- Business Quant data shows SPSC's EV to EBITDA at 10.76 (Q1 2026), 18.08 (Q4 2025) and 23.17 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn |
| 10 | Sps Commerce | 2.93 Bn | 2.32 Bn | 138.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.87 |
| Mar 31, 2026 | 10.76 |
| Dec 31, 2025 | 18.08 |
| Sep 30, 2025 | 23.17 |
| Jun 30, 2025 | 32.72 |
| Mar 31, 2025 | 33.86 |
| Dec 31, 2024 | 51.01 |
| Sep 30, 2024 | 56.10 |
| Jun 30, 2024 | 56.48 |
| Mar 31, 2024 | 58.98 |
| Dec 31, 2023 | 61.27 |
| Sep 30, 2023 | 56.42 |
| Jun 30, 2023 | 64.75 |
| Mar 31, 2023 | 52.40 |
| Dec 31, 2022 | 44.58 |
| Sep 30, 2022 | 45.27 |
| Jun 30, 2022 | 44.14 |
| Mar 31, 2022 | 53.68 |
| Dec 31, 2021 | 60.86 |
| Sep 30, 2021 | 71.89 |
API Access
Sps Commerce EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=SPSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "SPSC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=SPSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();