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SPS Commerce (SPSC) Competitors

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$84.59 +1.27 (+1.52%)
Closing price 10/9/2026 04:00 PM Eastern
Extended Trading
$85.54 +0.95 (+1.13%)
As of 10/9/2026 07:56 PM Eastern
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SPSC vs. HUBS, PAYC, FIG, ESTC, and BSY

Should you buy SPS Commerce stock or one of its competitors? SPS Commerce's main competitors and comparable companies include HubSpot (HUBS), Paycom Software (PAYC), Figma (FIG), Elastic (ESTC), and Bentley Systems (BSY). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "application software" industry.

How does SPS Commerce compare to HubSpot?

SPS Commerce (NASDAQ:SPSC) and HubSpot (NYSE:HUBS) are both technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, dividends, valuation, earnings, analyst recommendations, media sentiment, risk and institutional ownership.

SPS Commerce has a beta of 0.62, meaning that its stock price is 38% less volatile than the broader market. Comparatively, HubSpot has a beta of 1.24, meaning that its stock price is 24% more volatile than the broader market.

In the previous week, HubSpot had 25 more articles in the media than SPS Commerce. MarketBeat recorded 28 mentions for HubSpot and 3 mentions for SPS Commerce. SPS Commerce's average media sentiment score of 1.66 beat HubSpot's score of -0.14 indicating that SPS Commerce is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
SPS Commerce
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
HubSpot
0 Very Positive mention(s)
3 Positive mention(s)
12 Neutral mention(s)
9 Negative mention(s)
0 Very Negative mention(s)
Neutral

99.0% of SPS Commerce shares are owned by institutional investors. Comparatively, 90.4% of HubSpot shares are owned by institutional investors. 0.6% of SPS Commerce shares are owned by insiders. Comparatively, 3.7% of HubSpot shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

SPS Commerce has a net margin of 10.10% compared to HubSpot's net margin of 4.26%. SPS Commerce's return on equity of 13.04% beat HubSpot's return on equity.

Company Net Margins Return on Equity Return on Assets
SPS Commerce10.10% 13.04% 10.83%
HubSpot 4.26%8.66%4.47%

SPS Commerce presently has a consensus price target of $77.10, indicating a potential downside of 8.85%. HubSpot has a consensus price target of $264.65, indicating a potential upside of 16.01%. Given HubSpot's stronger consensus rating and higher probable upside, analysts plainly believe HubSpot is more favorable than SPS Commerce.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
SPS Commerce
1 Sell rating(s)
7 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.27
HubSpot
2 Sell rating(s)
19 Hold rating(s)
13 Buy rating(s)
0 Strong Buy rating(s)
2.32

SPS Commerce has higher earnings, but lower revenue than HubSpot. SPS Commerce is trading at a lower price-to-earnings ratio than HubSpot, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
SPS Commerce$751.51M4.05$93.34M$2.0740.86
HubSpot$3.13B3.63$45.91M$2.8380.61

Summary

HubSpot beats SPS Commerce on 9 of the 17 factors compared between the two stocks.

How does SPS Commerce compare to Paycom Software?

Paycom Software (NYSE:PAYC) and SPS Commerce (NASDAQ:SPSC) are both technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their valuation, profitability, risk, earnings, institutional ownership, media sentiment, analyst recommendations and dividends.

87.8% of Paycom Software shares are owned by institutional investors. Comparatively, 99.0% of SPS Commerce shares are owned by institutional investors. 13.2% of Paycom Software shares are owned by insiders. Comparatively, 0.6% of SPS Commerce shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

In the previous week, Paycom Software had 5 more articles in the media than SPS Commerce. MarketBeat recorded 8 mentions for Paycom Software and 3 mentions for SPS Commerce. SPS Commerce's average media sentiment score of 1.66 beat Paycom Software's score of 0.35 indicating that SPS Commerce is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Paycom Software
3 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
SPS Commerce
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Paycom Software currently has a consensus price target of $216.93, indicating a potential downside of 6.61%. SPS Commerce has a consensus price target of $77.10, indicating a potential downside of 8.85%. Given Paycom Software's higher possible upside, research analysts plainly believe Paycom Software is more favorable than SPS Commerce.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Paycom Software
1 Sell rating(s)
10 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.25
SPS Commerce
1 Sell rating(s)
7 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.27

Paycom Software has a beta of 0.82, indicating that its share price is 18% less volatile than the broader market. Comparatively, SPS Commerce has a beta of 0.62, indicating that its share price is 38% less volatile than the broader market.

Paycom Software has higher revenue and earnings than SPS Commerce. Paycom Software is trading at a lower price-to-earnings ratio than SPS Commerce, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Paycom Software$2.05B5.10$453.40M$9.4124.69
SPS Commerce$751.51M4.05$93.34M$2.0740.86

Paycom Software has a net margin of 22.78% compared to SPS Commerce's net margin of 10.10%. Paycom Software's return on equity of 37.06% beat SPS Commerce's return on equity.

Company Net Margins Return on Equity Return on Assets
Paycom Software22.78% 37.06% 8.17%
SPS Commerce 10.10%13.04%10.83%

Summary

Paycom Software beats SPS Commerce on 11 of the 17 factors compared between the two stocks.

How does SPS Commerce compare to Figma?

SPS Commerce (NASDAQ:SPSC) and Figma (NYSE:FIG) are both technology companies, but which is the better stock? We will contrast the two companies based on the strength of their earnings, institutional ownership, media sentiment, profitability, analyst recommendations, risk, valuation and dividends.

SPS Commerce has a net margin of 10.10% compared to Figma's net margin of -123.15%. SPS Commerce's return on equity of 13.04% beat Figma's return on equity.

Company Net Margins Return on Equity Return on Assets
SPS Commerce10.10% 13.04% 10.83%
Figma -123.15%-100.03%-64.39%

SPS Commerce has a beta of 0.62, indicating that its share price is 38% less volatile than the broader market. Comparatively, Figma has a beta of 1.32, indicating that its share price is 32% more volatile than the broader market.

99.0% of SPS Commerce shares are owned by institutional investors. 0.6% of SPS Commerce shares are owned by insiders. Comparatively, 32.3% of Figma shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

SPS Commerce has higher earnings, but lower revenue than Figma. Figma is trading at a lower price-to-earnings ratio than SPS Commerce, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
SPS Commerce$751.51M4.05$93.34M$2.0740.86
Figma$1.06B9.68-$1.25B-$3.64N/A

SPS Commerce presently has a consensus price target of $77.10, indicating a potential downside of 8.85%. Figma has a consensus price target of $32.56, indicating a potential upside of 45.03%. Given Figma's higher possible upside, analysts clearly believe Figma is more favorable than SPS Commerce.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
SPS Commerce
1 Sell rating(s)
7 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.27
Figma
1 Sell rating(s)
9 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.21

In the previous week, Figma had 3 more articles in the media than SPS Commerce. MarketBeat recorded 6 mentions for Figma and 3 mentions for SPS Commerce. SPS Commerce's average media sentiment score of 1.66 beat Figma's score of 0.11 indicating that SPS Commerce is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
SPS Commerce
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Figma
3 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

SPS Commerce beats Figma on 10 of the 17 factors compared between the two stocks.

How does SPS Commerce compare to Elastic?

Elastic (NYSE:ESTC) and SPS Commerce (NASDAQ:SPSC) are both technology companies, but which is the better investment? We will compare the two companies based on the strength of their valuation, profitability, institutional ownership, risk, earnings, dividends, media sentiment and analyst recommendations.

97.0% of Elastic shares are owned by institutional investors. Comparatively, 99.0% of SPS Commerce shares are owned by institutional investors. 12.7% of Elastic shares are owned by insiders. Comparatively, 0.6% of SPS Commerce shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

In the previous week, Elastic had 20 more articles in the media than SPS Commerce. MarketBeat recorded 23 mentions for Elastic and 3 mentions for SPS Commerce. SPS Commerce's average media sentiment score of 1.66 beat Elastic's score of 0.57 indicating that SPS Commerce is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Elastic
6 Very Positive mention(s)
4 Positive mention(s)
8 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
SPS Commerce
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Elastic has a beta of 1.03, meaning that its stock price is 3% more volatile than the broader market. Comparatively, SPS Commerce has a beta of 0.62, meaning that its stock price is 38% less volatile than the broader market.

Elastic currently has a consensus target price of $97.92, suggesting a potential downside of 0.26%. SPS Commerce has a consensus target price of $77.10, suggesting a potential downside of 8.85%. Given Elastic's stronger consensus rating and higher possible upside, research analysts clearly believe Elastic is more favorable than SPS Commerce.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Elastic
0 Sell rating(s)
12 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.62
SPS Commerce
1 Sell rating(s)
7 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.27

Elastic has a net margin of 20.84% compared to SPS Commerce's net margin of 10.10%. SPS Commerce's return on equity of 13.04% beat Elastic's return on equity.

Company Net Margins Return on Equity Return on Assets
Elastic20.84% -0.35% -0.14%
SPS Commerce 10.10%13.04%10.83%

Elastic has higher revenue and earnings than SPS Commerce. Elastic is trading at a lower price-to-earnings ratio than SPS Commerce, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Elastic$1.74B5.93$367.77M$3.5727.50
SPS Commerce$751.51M4.05$93.34M$2.0740.86

Summary

Elastic beats SPS Commerce on 11 of the 16 factors compared between the two stocks.

How does SPS Commerce compare to Bentley Systems?

Bentley Systems (NASDAQ:BSY) and SPS Commerce (NASDAQ:SPSC) are both technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their media sentiment, dividends, risk, analyst recommendations, earnings, valuation, profitability and institutional ownership.

In the previous week, Bentley Systems had 3 more articles in the media than SPS Commerce. MarketBeat recorded 6 mentions for Bentley Systems and 3 mentions for SPS Commerce. SPS Commerce's average media sentiment score of 1.66 beat Bentley Systems' score of 0.73 indicating that SPS Commerce is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bentley Systems
1 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
SPS Commerce
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Bentley Systems has higher revenue and earnings than SPS Commerce. Bentley Systems is trading at a lower price-to-earnings ratio than SPS Commerce, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bentley Systems$1.50B6.77$277.86M$0.9138.43
SPS Commerce$751.51M4.05$93.34M$2.0740.86

Bentley Systems has a beta of 0.99, meaning that its stock price is 1% less volatile than the broader market. Comparatively, SPS Commerce has a beta of 0.62, meaning that its stock price is 38% less volatile than the broader market.

Bentley Systems presently has a consensus target price of $44.38, indicating a potential upside of 26.92%. SPS Commerce has a consensus target price of $77.10, indicating a potential downside of 8.85%. Given Bentley Systems' stronger consensus rating and higher possible upside, analysts plainly believe Bentley Systems is more favorable than SPS Commerce.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bentley Systems
0 Sell rating(s)
5 Hold rating(s)
9 Buy rating(s)
1 Strong Buy rating(s)
2.73
SPS Commerce
1 Sell rating(s)
7 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.27

Bentley Systems has a net margin of 18.10% compared to SPS Commerce's net margin of 10.10%. Bentley Systems' return on equity of 28.43% beat SPS Commerce's return on equity.

Company Net Margins Return on Equity Return on Assets
Bentley Systems18.10% 28.43% 9.69%
SPS Commerce 10.10%13.04%10.83%

44.2% of Bentley Systems shares are held by institutional investors. Comparatively, 99.0% of SPS Commerce shares are held by institutional investors. 20.3% of Bentley Systems shares are held by insiders. Comparatively, 0.6% of SPS Commerce shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

Bentley Systems beats SPS Commerce on 11 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding SPSC and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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SPSC vs. The Competition

MetricSPS CommerceSoftware IndustryTechnology SectorNASDAQ Exchange
Market Cap$3.05B$16.84B$31.63B$13.30B
Dividend YieldN/A3.43%2.76%22.58%
P/E Ratio40.86145.4981.4426.14
Price / Sales4.051,275.30586.0387.88
Price / Cash17.7447.5650.7553.71
Price / Book3.279.038.156.33
Net Income$93.34M$431.49M$768.68M$382.15M
7 Day Performance2.72%-0.15%-0.89%-1.40%
1 Month Performance2.31%0.57%0.09%-3.35%
1 Year Performance-20.86%1.87%171.11%1.49%

SPS Commerce Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SPSC
SPS Commerce
2.6999 of 5 stars
$84.59
+1.5%
$77.10
-8.9%
-20.9%$3.05B$751.51M40.862,948
HUBS
HubSpot
3.4942 of 5 stars
$203.50
-4.8%
$270.61
+33.0%
-48.0%$10.66B$3.13B71.918,882
PAYC
Paycom Software
3.3119 of 5 stars
$220.30
-0.1%
$215.00
-2.4%
+16.2%$9.94B$2.05B23.415,770
FIG
Figma
2.7431 of 5 stars
$20.25
-2.9%
$32.56
+60.8%
-63.2%$9.49B$1.06BN/A1,886
ESTC
Elastic
2.8202 of 5 stars
$88.21
+0.1%
$96.52
+9.4%
+13.5%$9.25B$1.74B24.714,019

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This page (NASDAQ:SPSC) was last updated on 10/11/2026 by MarketBeat.com Staff.
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