SPS Commerce EV/EBIT SPSC

Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2012.

Today, Oct 23, 2026: 32.0×
10-year median: 69.6×
Against its 10-year history: 10th; percentile: 0 is its lowest day, 100 its highest
10-year range: 14.8× to 143×
Peer median: 41.0×

SPS Commerce's EV/EBIT is 32.0× as of Oct 23, 2026.

That is below its ten-year median of 69.6×, lower than on 90% of days in the last ten years.

Over that time it ranged from 14.8× in May 2026 to 143× in Dec 2016.

The median for 10 infrastructure software stocks of a similar size is 41.0×.

EV/EBIT over time

median 69.6×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	32.0×	14.8×	32.0×
2025	30.8×	27.1×	80.5×
2024	77.9×	69.7×	102×
2023	93.9×	64.2×	95.2×
2022	65.3×	57.0×	83.9×
2021	91.8×	62.0×	108×
2020	75.9×	28.3×	77.2×
2019	49.5×	43.0×	93.3×
2018	66.4×	56.9×	121×
2017	54.5×	51.8×	142×
2016	139×	76.8×	173×
2015	186×	182×	265×
2014	215×	213×	493×
2013	494×	273×	494×
2012	264×	191×	341×

Against its peers

Companies in Software - Infrastructure nearest SPS Commerce's size, closest first, today.

Company	EV/EBIT
SPSCSPS Commerce	32.0×
AGYSAgilysys	68.2×
KDKyndryl	13.5×
AVPTAvePoint	67.8×
ALRMAlarm.com	23.8×
NTCTNetscout Systems	17.5×
FRSHFreshworks	91.2×
QTWOQ2	49.9×
BLKBBlackbaud	16.0×
CCCCCC Intelligent Solutions	32.1×
NCNOnCino	53.6×
Peer median	41.0×

Where SPS Commerce ranks

#43of 82Infrastructure software stocks with the lowest EV/EBIT

What the EV/EBIT tells you

What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.

Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.

More on SPS Commerce

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.