Superworth

SPS Commerce price to free cash flow SPSC

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026
16.8×
10-year median
50.3×
Against its 10-year history
7th
percentile: 0 is its lowest day, 100 its highest
10-year range
11.3× to 127×
Peer median
17.9×

SPS Commerce's price to free cash flow is 16.8× as of Oct 23, 2026.

That is below its ten-year median of 50.3×, lower than on 93% of days in the last ten years.

Over that time it ranged from 11.3× in May 2026 to 127× in Dec 2016.

The median for 10 infrastructure software stocks of a similar size is 17.9×.

Price to free cash flow over time

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

YearEnd of yearLowHigh
2026 so far16.8×11.3×24.0×
202523.4×20.6×54.7×
202453.0×47.6×76.2×
202370.0×50.6×72.7×
202251.5×46.6×62.2×
202160.8×42.2×67.1×
202055.1×21.9×56.0×
201934.8×32.2×56.0×
201841.4×37.5×73.9×
201736.2×34.8×125×
2016123×75.8×464×
2015495×102×499×
2014107×62.3×159×
2013159×99.5×233×
201296.7×88.0×144×

Against its peers

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

CompanyPrice to free cash flow
SPSCSPS Commerce16.8×
AGYSAgilysys42.3×
KDKyndryl21.7×
AVPTAvePoint34.6×
ALRMAlarm.com16.8×
NTCTNetscout Systems11.0×
FRSHFreshworks17.3×
QTWOQ220.3×
BLKBBlackbaud7.7×
CCCCCC Intelligent Solutions14.7×
NCNOnCino18.5×
Peer median17.9×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on SPS Commerce

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