TORVANTA
Other · S&P 500 · data as of 2026-10-05

SPSC stock analysis: SPSC

SPSC (SPSC) is an S&P 500 company in Other. It grades weakest on value.

The model's view of SPSC · subscribers

Where SPSC ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with SPSC · updated 2026-10-05 · from prices and SEC filings

SPSC price performance

SPSC against the S&P 500, one year
-50%-25%+0%S&P 500 +18%SPSC -23%2025-09-292026-10-05
Year to date-9.7%S&P 500 +14.5% · behind by 24.2 pts
1 year-24.0%S&P 500 +17.0% · behind by 41.1 pts
3 years-51.5%S&P 500 +89.3% · behind by 140.8 pts
5 years-49.9%S&P 500 +91.3% · behind by 141.2 pts

Total returns with dividends reinvested.

SPSC factor grades

Each grade compares SPSC with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

D+ValueP/E 38.7x (industry 20.1x)FCF yield 6.9% (industry 6.0%)
CGrowthRevenue growth +10% (industry +8%)EPS growth -5% (industry +10%)
B-ProfitabilityOperating margin 12.8% (industry 9.6%)ROIC 9.6% (industry 10.1%)
CMomentum12-month change -24%From 52-wk high -29%

SPSC in plain numbers

SPSC key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$2.9B
Revenue growth (y/y)+10%
Free-cash-flow yield6.9%
Dividend yieldn/a
Next earnings (expected)2026-10-29
Valuation measures
Market value$2.9B
Enterprise value$2.7B
P/E (trailing)38.7x
Forward P/E (Torvanta estimate)39.3x
Price / sales3.7x
Price / book3.1x
EV / revenue3.5x
EV / EBITDA22.3x
Financial highlights
Revenue, last 12 months$772.5M
Net income, last 12 months$78.0M
EPS, last 12 months (GAAP)$2.08
Gross margin69.8%
Operating margin12.8%
Net margin10.1%
Return on equity8.3%
Return on invested capital9.6%
Cash$173.2M
Total debt$0
Free cash flow, last 12 months$198.7M
Current ratio2.26x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

SPSC earnings trends

Revenue vs earnings
$0$49.5M$98.9M$148.4M$197.8MSep 2024 Revenue: $163.7MDec 2024 Revenue: $170.9MMar 2025 Revenue: $181.5MJun 2025 Revenue: $187.4MSep 2025 Revenue: $189.9MDec 2025 Revenue: $192.7MMar 2026 Revenue: $192.1MJun 2026 Revenue: $197.8MSep 2024 Net income: $23.5MDec 2024 Net income: $17.6MMar 2025 Net income: $22.2MJun 2025 Net income: $19.7MSep 2025 Net income: $25.6MDec 2025 Net income: $25.8MMar 2026 Net income: $19.7MJun 2026 Net income: $6.9MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 14.3%Net margin: 10.3%Net margin: 12.2%Net margin: 10.5%Net margin: 13.5%Net margin: 13.4%Net margin: 10.3%Net margin: 3.5%0%7%14%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.2$0.3$0.5$0.7Sep 2024 EPS (GAAP, diluted): $0.6Dec 2024 EPS (GAAP, diluted): $0.5Mar 2025 EPS (GAAP, diluted): $0.6Jun 2025 EPS (GAAP, diluted): $0.5Sep 2025 EPS (GAAP, diluted): $0.7Dec 2025 EPS (GAAP, diluted): $0.7Mar 2026 EPS (GAAP, diluted): $0.5Jun 2026 EPS (GAAP, diluted): $0.2Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +8% · Dec 2025 +47% · Mar 2026 -9% · Jun 2026 -63%

From the company's 10-Q and 10-K filings with the SEC.

SPSC financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$385.3M$450.9M$536.9M$637.8M$751.5M
Net income$44.6M$55.1M$65.8M$77.1M$93.3M
EPS (GAAP)$1.22$1.49$1.76$2.05$2.46
Free cash flow$93.3M$80.2M$112.5M$137.4M$152.3M

SPSC earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$0.19-63%+6%+3.3%
2026-04-30$0.53-9%+6%+5.5%
2026-02-12$0.69+47%+13%-8.2%
2025-10-30$0.67+8%+16%-21.0%
2025-07-30$0.52+8%+22%-21.8%
2025-04-24$0.58+21%+21%+1.1%

About SPSC

HeadquartersMinneapolis, MN
Industry (SEC code)Services-Prepackaged Software
Fiscal year endsDecember 31
Listed onNasdaq

From the company's SEC registration record.

Companies similar to SPSC

CompanyMarket valueP/ERevenue growthOperating margin12-month change
SPSC SPSC$2.9B38.7x+10%12.8%-24%
WING WING$2.9B25.3x+8%27.9%-57%compare
FG FG$2.9B7.5x+15%n/a-27%compare
COLM COLM$2.9B14.9x-0%7.5%+9%compare
GPI GPI$2.9B10.0x+1%3.1%-46%
TMDX TMDX$2.9B21.5x+26%12.2%-28%
ADEA ADEA$2.9B23.9x+24%41.6%+52%

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Frequently asked questions

Is SPSC stock a buy?

Torvanta does not tell individuals what to buy. Its grades for SPSC are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is SPSC's P/E ratio?

SPSC trades at about 38.7 times its last 12 months of GAAP earnings reported to the SEC, and about 39.3 times Torvanta's own estimate of the next 12 months.

When does SPSC report earnings next?

Based on its filing history, Torvanta expects SPSC to report around 2026-10-29.

How has SPSC performed against the S&P 500?

Over the past year SPSC returned -24.0%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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