SPS Commerce (SPSC)
Market Price (2/3/2026): $87.78 | Market Cap: $3.3 BilSector: Information Technology | Industry: Application Software
SPS Commerce (SPSC)
Market Price (2/3/2026): $87.78Market Cap: $3.3 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% | Weak multi-year price returns2Y Excs Rtn is -96%, 3Y Excs Rtn is -108% | Key risksSPSC key risks include [1] instability from its reliance on customers without long-term contracts and [2] operational disruptions from poorly integrating companies as part of its acquisition-based growth strategy. |
| Low stock price volatilityVol 12M is 47% | ||
| Megatrend and thematic driversMegatrends include Cloud Computing, and E-commerce & DTC Adoption. Themes include Software as a Service (SaaS), and Supply Chain Digitization. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Low stock price volatilityVol 12M is 47% |
| Megatrend and thematic driversMegatrends include Cloud Computing, and E-commerce & DTC Adoption. Themes include Software as a Service (SaaS), and Supply Chain Digitization. |
| Weak multi-year price returns2Y Excs Rtn is -96%, 3Y Excs Rtn is -108% |
| Key risksSPSC key risks include [1] instability from its reliance on customers without long-term contracts and [2] operational disruptions from poorly integrating companies as part of its acquisition-based growth strategy. |
Qualitative Assessment
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SPS Commerce (SPSC) stock has gained about 5% since 10/31/2025 because of the following key factors:
1. Strong Q3 2025 Earnings and Revenue Growth: SPS Commerce reported robust financial results for the third quarter of 2025 on October 30, 2025. The company announced earnings per share (EPS) of $1.13, which significantly surpassed analysts' consensus estimates of $0.99 by $0.14 and $0.88 by 28.41%. Revenue for the quarter also demonstrated healthy growth, increasing by 16% year-over-year to $189.9 million, with recurring revenue climbing 18% from the third quarter of 2024.
2. Initiation of a New Stock Repurchase Program: Alongside its positive Q3 2025 earnings report, SPS Commerce announced a new $100 million stock repurchase program, effective December 1, 2025. This program signals management's confidence in the company's financial health and future prospects, often leading to increased investor demand and supporting the stock price.
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1. Strong Q3 2025 Earnings and Revenue Growth: SPS Commerce reported robust financial results for the third quarter of 2025 on October 30, 2025. The company announced earnings per share (EPS) of $1.13, which significantly surpassed analysts' consensus estimates of $0.99 by $0.14 and $0.88 by 28.41%. Revenue for the quarter also demonstrated healthy growth, increasing by 16% year-over-year to $189.9 million, with recurring revenue climbing 18% from the third quarter of 2024.
2. Initiation of a New Stock Repurchase Program: Alongside its positive Q3 2025 earnings report, SPS Commerce announced a new $100 million stock repurchase program, effective December 1, 2025. This program signals management's confidence in the company's financial health and future prospects, often leading to increased investor demand and supporting the stock price.
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Stock Movement Drivers
Fundamental Drivers
The 6.8% change in SPSC stock from 10/31/2025 to 2/2/2026 was primarily driven by a 6.8% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 82.24 | 87.82 | 6.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 730 | 730 | 0.0% |
| Net Income Margin (%) | 11.7% | 11.7% | 0.0% |
| P/E Multiple | 36.6 | 39.1 | 6.8% |
| Shares Outstanding (Mil) | 38 | 38 | 0.0% |
| Cumulative Contribution | 6.8% |
Market Drivers
10/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| SPSC | 6.8% | |
| Market (SPY) | 2.0% | 34.0% |
| Sector (XLK) | -3.4% | 18.1% |
Fundamental Drivers
The -19.3% change in SPSC stock from 7/31/2025 to 2/2/2026 was primarily driven by a -21.5% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 108.86 | 87.82 | -19.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 704 | 730 | 3.7% |
| Net Income Margin (%) | 11.8% | 11.7% | -1.1% |
| P/E Multiple | 49.8 | 39.1 | -21.5% |
| Shares Outstanding (Mil) | 38 | 38 | 0.2% |
| Cumulative Contribution | -19.3% |
Market Drivers
7/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| SPSC | -19.3% | |
| Market (SPY) | 10.3% | 25.7% |
| Sector (XLK) | 10.7% | 18.4% |
Fundamental Drivers
The -52.4% change in SPSC stock from 1/31/2025 to 2/2/2026 was primarily driven by a -55.6% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 184.68 | 87.82 | -52.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 612 | 730 | 19.3% |
| Net Income Margin (%) | 12.8% | 11.7% | -9.2% |
| P/E Multiple | 88.1 | 39.1 | -55.6% |
| Shares Outstanding (Mil) | 37 | 38 | -1.2% |
| Cumulative Contribution | -52.4% |
Market Drivers
1/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| SPSC | -52.4% | |
| Market (SPY) | 16.6% | 42.0% |
| Sector (XLK) | 26.5% | 38.8% |
Fundamental Drivers
The -35.5% change in SPSC stock from 1/31/2023 to 2/2/2026 was primarily driven by a -58.6% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 136.08 | 87.82 | -35.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 432 | 730 | 69.1% |
| Net Income Margin (%) | 12.0% | 11.7% | -3.2% |
| P/E Multiple | 94.5 | 39.1 | -58.6% |
| Shares Outstanding (Mil) | 36 | 38 | -4.8% |
| Cumulative Contribution | -35.5% |
Market Drivers
1/31/2023 to 2/2/2026| Return | Correlation | |
|---|---|---|
| SPSC | -35.5% | |
| Market (SPY) | 77.5% | 49.2% |
| Sector (XLK) | 118.0% | 44.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SPSC Return | 31% | -10% | 51% | -5% | -52% | 0% | -18% |
| Peers Return | 32% | -25% | 48% | 10% | -13% | -16% | 18% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| SPSC Win Rate | 58% | 67% | 67% | 42% | 42% | 50% | |
| Peers Win Rate | 61% | 47% | 61% | 64% | 47% | 0% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SPSC Max Drawdown | -15% | -31% | -5% | -17% | -58% | -1% | |
| Peers Max Drawdown | -2% | -36% | -3% | -15% | -32% | -16% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DSGX, OTEX, MANH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/2/2026 (YTD)
How Low Can It Go
| Event | SPSC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -43.6% | -25.4% |
| % Gain to Breakeven | 77.2% | 34.1% |
| Time to Breakeven | 390 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -47.6% | -33.9% |
| % Gain to Breakeven | 90.9% | 51.3% |
| Time to Breakeven | 63 days | 148 days |
| 2018 Correction | ||
| % Loss | -37.0% | -19.8% |
| % Gain to Breakeven | 58.7% | 24.7% |
| Time to Breakeven | 189 days | 120 days |
Compare to DSGX, OTEX, MANH
In The Past
SPS Commerce's stock fell -43.6% during the 2022 Inflation Shock from a high on 10/28/2021. A -43.6% loss requires a 77.2% gain to breakeven.
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About SPS Commerce (SPSC)
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.
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Here are 1-3 brief analogies to describe SPS Commerce:
- SPS Commerce is like the PayPal or Stripe for business-to-business (B2B) supply chain data, standardizing and simplifying the exchange of critical documents like purchase orders and invoices between companies.
- It's the digital equivalent of FedEx or UPS for supply chain documents, ensuring that vital information flows quickly and accurately between retailers, brands, and their suppliers.
- Think of it as the Rosetta Stone for businesses in the supply chain, translating and standardizing diverse data formats so that different company systems can seamlessly communicate and transact.
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```html- EDI Integration Services: These services enable businesses to electronically exchange critical business documents like purchase orders and invoices with their trading partners.
- Supply Chain Analytics: This service provides data-driven insights and reporting to optimize inventory, sales, and overall supply chain performance.
- Fulfillment Automation Services: These services streamline order processing, shipping, and inventory management for efficient order fulfillment.
- Assortment Management: A service that helps manage and distribute accurate product information and digital assets to retailers across various channels.
- Retail Network Platform: This platform connects retailers, suppliers, and logistics providers to facilitate collaboration and improve supply chain efficiency.
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SPS Commerce (SPSC) Major Customers
SPS Commerce primarily sells its solutions and services to other companies (B2B - business-to-business). Its core business revolves around facilitating data exchange and collaboration within the retail supply chain network. Due to the nature of its network-based business model, SPS Commerce serves thousands of companies rather than having a few individually named "major customers." Its customer base consists of various types of organizations that participate in the retail ecosystem. The main categories of customers include: * **Suppliers:** This is a broad category encompassing manufacturers, brands, distributors, and wholesalers of various products. These companies use SPS Commerce's solutions (e.g., EDI, analytics, assortment) to connect with retailers, manage orders, shipments, and inventory, and optimize their supply chain operations. * **Retailers:** Companies that sell products directly to consumers, ranging from small specialty stores to large big-box retailers and e-commerce giants. Retailers leverage SPS Commerce to streamline their interactions with suppliers, manage product data, and ensure efficient inventory flow. * **Logistics Providers:** This category includes third-party logistics (3PL) providers, warehouses, carriers, and other companies that manage the movement and storage of goods within the supply chain. They use SPS Commerce's platform to integrate with their trading partners and automate logistics processes. Because SPS Commerce provides a network that connects these entities, its value proposition is often in enabling seamless data flow between numerous trading partners rather than being tied to a small number of specific, large enterprises as "major customers." They empower an extensive ecosystem of businesses within the retail industry.AI Analysis | Feedback
- Amazon Web Services (parent company: Amazon.com, Inc. - AMZN)
- Microsoft Azure (parent company: Microsoft Corporation - MSFT)
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Chad Collins
Chief Executive Officer
Chad Collins has served as the Chief Executive Officer and Director of SPS Commerce since October 2023. Prior to joining SPS Commerce, he was the Global Chief Executive Officer of Körber Supply Chain Software from 2020 to 2023. Before that, he held various leadership roles at HighJump Software, including President from 2015 to 2017 and Chief Executive Officer from 2017 to 2020. HighJump was a global supply chain software company that was acquired by Körber in 2017. He started his career as a supply chain consultant with Cap Gemini Ernst & Young.
Kimberly K. Nelson
Executive Vice President & Chief Financial Officer
Kimberly K. Nelson has been the Chief Financial Officer and an Executive Vice President of SPS Commerce since 2007. Under her financial leadership, SPS Commerce held its initial public offering on April 21, 2010. Before joining SPS Commerce, she led Amazon's investor relations department and held other financial leadership positions in financial planning, analysis, and forecasting for Amazon.com from 2000 to 2007. Earlier in her career, she held financial management positions at Pillsbury (now General Mills) and Nestle.
James J. Frome
Executive Vice President & Chief Operating Officer
James J. Frome, also known as Jim, has been Executive Vice President and Chief Operating Officer of SPS Commerce since March 2001. He joined SPS Commerce in 2000 and is responsible for overseeing global strategy, sales, marketing, and operations. Mr. Frome possesses over 24 years of experience in technology marketing and management, including previous roles as a divisional vice president of marketing at Sterling Software and director of product management at Information Advantage.
Jamie Thingelstad
Executive Vice President & Chief Technology Officer
Jamie Thingelstad has served as the Chief Technology Officer of SPS Commerce since August 2013. With a background in software engineering, he has led product, development, and corporate strategy for prominent technology companies in the e-commerce, retail, and supply chain sectors for more than two decades. His previous roles include Chief Operating Officer and Chief Technology Officer at 8thBridge Inc., and Co-Founder and Vice President of Technology at WebSpan Inc.
Dan Juckniess
Executive Vice President & Chief Revenue Officer
Dan Juckniess has served as Executive Vice President and Chief Revenue Officer of SPS Commerce since June 2024, having previously been Senior Vice President. He brings over 20 years of experience in executive and leadership roles across enterprise cloud services, educational technology, and business information solutions. Mr. Juckniess has a proven track record of achieving substantial revenue growth and leading transformative sales, customer service, and marketing organizations for market leaders such as Edmentum and Thomson Reuters.
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The key risks to SPS Commerce's business include:
- Cybersecurity and Regulatory Risks: SPS Commerce faces significant threats from cybersecurity incidents and data breaches, which could harm its reputation and financial stability. Additionally, changes in data privacy and internet regulations could restrict the use and adoption of its products.
- Highly Competitive and Evolving Market: The company operates within a rapidly changing and intensely competitive environment, making it challenging to maintain and expand its market position. A significant aspect of this risk is the reliance on attracting and retaining new customers and increasing sales to existing ones, often without long-term contracts, which introduces instability as customers can cancel with short notice.
- Integration Risks from Acquisitions: As part of its growth strategy, SPS Commerce pursues acquisitions. These endeavors carry inherent risks related to seamlessly integrating the acquired companies' operations, cultures, and technologies, which could lead to operational disruptions and potentially dilute its brand reputation.
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SPS Commerce (symbol: SPSC) operates in the cloud-based supply chain management sector, offering a suite of products and services primarily centered around its retail network and B2B integration capabilities. These offerings include Fulfillment, Analytics, Assortment, Community, Electronic Data Interchange (EDI), Product Data Management, Omnichannel Integration, Retail Analytics, Vendor Onboarding, and Automated Inventory Management.
The total addressable market (TAM) for SPS Commerce's main products and services is estimated to be $11.1 billion globally. A significant portion of this market, approximately $6.5 billion, is attributed to the U.S. market.
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SPS Commerce (SPSC) is expected to drive future revenue growth over the next two to three years through several key initiatives and market advantages:
- Continued Customer Growth: SPS Commerce has consistently demonstrated its ability to add new customers, with a net increase of 450 customers in Q3 2025, exceeding expectations. This growth is largely fueled by strong retail relationship management programs. The company's focus on expanding its network of recurring revenue customers contributes significantly to its sustained financial performance.
- Expansion of Product Portfolio and Market Reach through Strategic Acquisitions: The company is strategically positioned to capitalize on long-term growth by expanding its product portfolio and market reach, partly through strategic acquisitions. SPS Commerce completed its combined go-to-market strategy ahead of schedule, which is expected to unlock the full potential of its emerging product category. Recent strategic acquisitions, such as Cyber Power Systems and Petco, have enhanced its supply chain solutions for clients.
- Increased Wallet Share and Cross-Sell Initiatives: SPS Commerce aims to increase revenue per user (ARPU) and drive customer lifecycle value through cross-sell initiatives. The appointment of a new Chief Commercial Officer is specifically intended to accelerate these efforts, focusing on deeper penetration within its existing customer base. This strategy reflects confidence in leveraging its established competitive position for ARPU expansion.
- Capitalizing on a Large and Evolving Retail Ecosystem: SPS Commerce operates within an expansive and evolving retail ecosystem, addressing an estimated $11 billion total addressable market. The company's leadership remains confident in its ability to leverage growth opportunities across this large market, reinforcing its long-term growth trajectory.
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Share Repurchases
- SPS Commerce authorized a new program to repurchase up to $100.0 million of common stock, effective December 1, 2025, and expiring on December 1, 2027.
- The company repurchased $30.0 million in common stock during the third quarter of 2025.
- SPS Commerce also repurchased $20.0 million of shares in the second quarter of 2025.
Share Issuance
- In connection with the acquisition of Carbon6 Technologies, Inc. on February 4, 2025, SPS Commerce issued 378,100 shares of its common stock, valued at $67.7 million, from treasury shares.
Outbound Investments
- SPS Commerce acquired Carbon6 Technologies, Inc., a provider of software tools for Amazon sellers, on February 4, 2025, for a total consideration of $210.2 million, which included $142.5 million in cash and $67.7 million in stock.
- On July 31, 2024, the company acquired SupplyPike, an automated invoice deduction management and prevention solution business, for $206 million, paid through a combination of stock and cash.
- The company has an ongoing focus on mergers and acquisitions to expand product offerings, geographic reach, and customer acquisition.
Capital Expenditures
- SPS Commerce's capital expenditures were $16 million in 2020, $20 million in 2021, $20 million in 2022, $20 million in 2023, and $20 million in 2024.
- For fiscal year 2025, depreciation expense is expected to be $21.1 million.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 80.29 |
| Mkt Cap | 6.3 |
| Rev LTM | 898 |
| Op Inc LTM | 243 |
| FCF LTM | 289 |
| FCF 3Y Avg | 244 |
| CFO LTM | 299 |
| CFO 3Y Avg | 251 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.7% |
| Rev Chg 3Y Avg | 15.0% |
| Rev Chg Q | 7.3% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Mgn LTM | 23.3% |
| Op Mgn 3Y Avg | 21.3% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 28.2% |
| CFO/Rev 3Y Avg | 26.0% |
| FCF/Rev LTM | 25.8% |
| FCF/Rev 3Y Avg | 23.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.3 |
| P/S | 6.5 |
| P/EBIT | 30.6 |
| P/E | 39.7 |
| P/CFO | 22.0 |
| Total Yield | 2.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.6% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -12.2% |
| 3M Rtn | -17.3% |
| 6M Rtn | -24.5% |
| 12M Rtn | -32.5% |
| 3Y Rtn | -13.2% |
| 1M Excs Rtn | -16.9% |
| 3M Excs Rtn | -19.7% |
| 6M Excs Rtn | -34.5% |
| 12M Excs Rtn | -48.8% |
| 3Y Excs Rtn | -81.3% |
Price Behavior
Price Behavior
| Market Price | $87.82 | |
| Market Cap ($ Bil) | 3.3 | |
| First Trading Date | 04/22/2010 | |
| Distance from 52W High | -52.4% | |
| 50 Days | 200 Days | |
| DMA Price | $88.17 | $113.07 |
| DMA Trend | down | down |
| Distance from DMA | -0.4% | -22.3% |
| 3M | 1YR | |
| Volatility | 23.2% | 46.7% |
| Downside Capture | 86.88 | 153.29 |
| Upside Capture | 113.87 | 53.15 |
| Correlation (SPY) | 35.9% | 41.8% |
SPSC Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.27 | 0.79 | 0.72 | 0.88 | 1.01 | 1.23 |
| Up Beta | 3.60 | 2.47 | 0.82 | 1.75 | 1.32 | 1.39 |
| Down Beta | -0.04 | -0.12 | -0.03 | 0.19 | 0.52 | 0.81 |
| Up Capture | 154% | 151% | 131% | 48% | 45% | 138% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 26 | 37 | 68 | 121 | 379 |
| Down Capture | 204% | 53% | 88% | 124% | 127% | 109% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 15 | 24 | 57 | 128 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SPSC | |
|---|---|---|---|---|
| SPSC | -51.4% | 46.7% | -1.39 | - |
| Sector ETF (XLK) | 25.8% | 26.9% | 0.83 | 38.7% |
| Equity (SPY) | 16.0% | 19.2% | 0.64 | 41.8% |
| Gold (GLD) | 66.9% | 23.7% | 2.11 | 0.7% |
| Commodities (DBC) | 7.0% | 16.3% | 0.23 | 5.1% |
| Real Estate (VNQ) | 2.9% | 16.5% | -0.00 | 35.9% |
| Bitcoin (BTCUSD) | -19.7% | 39.9% | -0.46 | 23.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SPSC | |
|---|---|---|---|---|
| SPSC | -3.1% | 38.4% | 0.03 | - |
| Sector ETF (XLK) | 17.6% | 24.7% | 0.64 | 54.4% |
| Equity (SPY) | 14.1% | 17.1% | 0.66 | 55.6% |
| Gold (GLD) | 19.9% | 16.6% | 0.97 | 7.3% |
| Commodities (DBC) | 11.4% | 18.9% | 0.49 | 9.1% |
| Real Estate (VNQ) | 4.5% | 18.8% | 0.15 | 43.4% |
| Bitcoin (BTCUSD) | 20.9% | 57.6% | 0.56 | 25.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SPSC | |
|---|---|---|---|---|
| SPSC | 10.7% | 37.4% | 0.39 | - |
| Sector ETF (XLK) | 23.3% | 24.2% | 0.88 | 50.7% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 52.0% |
| Gold (GLD) | 15.0% | 15.3% | 0.81 | 3.0% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 15.6% |
| Real Estate (VNQ) | 5.8% | 20.8% | 0.25 | 41.3% |
| Bitcoin (BTCUSD) | 71.1% | 66.4% | 1.10 | 16.8% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/30/2025 | -20.8% | -22.5% | -20.8% |
| 7/30/2025 | -22.0% | -20.9% | -20.5% |
| 4/24/2025 | -0.9% | 2.2% | 2.8% |
| 2/10/2025 | -13.8% | -17.5% | -28.6% |
| 10/24/2024 | -10.7% | -13.6% | -1.0% |
| 7/25/2024 | 1.6% | 1.6% | -3.5% |
| 4/25/2024 | 5.6% | 7.5% | 14.4% |
| 2/8/2024 | 14.8% | 7.0% | 0.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 13 |
| # Negative | 11 | 10 | 11 |
| Median Positive | 2.5% | 7.0% | 10.3% |
| Median Negative | -2.1% | -10.4% | -11.1% |
| Max Positive | 14.8% | 13.4% | 33.9% |
| Max Negative | -22.0% | -22.5% | -36.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 04/29/2022 | 10-Q |
| 12/31/2021 | 02/22/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Nelson, Kimberly K | EVP & CFO | Direct | Sell | 2282025 | 137.46 | 5,490 | 754,654 | 20,859,786 | Form |
| 2 | Collins, Chadwick | Chief Executive Officer | Direct | Sell | 2202025 | 148.12 | 2,840 | 420,662 | 780,611,223 | Form |
| 3 | Collins, Chadwick | Chief Executive Officer | Direct | Sell | 2202025 | 144.22 | 1,672 | 241,129 | 759,790,610 | Form |
| 4 | Nelson, Kimberly K | EVP & CFO | Direct | Sell | 2202025 | 148.17 | 4,034 | 597,717 | 361,974,261 | Form |
| 5 | Nelson, Kimberly K | EVP & CFO | Direct | Sell | 2202025 | 144.30 | 1,456 | 210,101 | 352,311,312 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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