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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and Commerce.com, Inc. (CMRC). Click either name above to swap in a different company.
Acadian Asset Management Inc. is the larger business by last-quarter revenue ($172.2M vs $89.5M, roughly 1.9× Commerce.com, Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -9.3%, a 29.5% gap on every dollar of revenue. On growth, Commerce.com, Inc. posted the faster year-over-year revenue change (2.9% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 5.5%).
United Asset Management was an American holding company headquartered in Boston, Massachusetts.
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
AAMI vs CMRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.2M | $89.5M |
| Net Profit | $34.7M | $-8.4M |
| Gross Margin | — | 78.3% |
| Operating Margin | 33.3% | -7.4% |
| Net Margin | 20.2% | -9.3% |
| Revenue YoY | 2.6% | 2.9% |
| Net Profit YoY | -18.4% | -250.0% |
| EPS (diluted) | $0.97 | $-0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $172.2M | $89.5M | ||
| Q3 25 | $144.2M | $86.0M | ||
| Q2 25 | $127.4M | $84.4M | ||
| Q1 25 | $119.9M | $82.4M | ||
| Q4 24 | $167.8M | $87.0M | ||
| Q3 24 | $123.1M | $83.7M | ||
| Q2 24 | $109.0M | $81.8M | ||
| Q1 24 | $105.7M | $80.4M |
| Q4 25 | $34.7M | $-8.4M | ||
| Q3 25 | $15.1M | $-2.2M | ||
| Q2 25 | $10.1M | $-8.4M | ||
| Q1 25 | $20.1M | $-353.0K | ||
| Q4 24 | $42.5M | $-2.4M | ||
| Q3 24 | $16.9M | $-7.0M | ||
| Q2 24 | $11.0M | $-11.3M | ||
| Q1 24 | $14.6M | $-6.4M |
| Q4 25 | — | 78.3% | ||
| Q3 25 | — | 78.4% | ||
| Q2 25 | — | 79.0% | ||
| Q1 25 | — | 79.4% | ||
| Q4 24 | — | 77.6% | ||
| Q3 24 | — | 76.3% | ||
| Q2 24 | — | 75.8% | ||
| Q1 24 | — | 77.1% |
| Q4 25 | 33.3% | -7.4% | ||
| Q3 25 | 18.4% | -0.5% | ||
| Q2 25 | 12.7% | -8.0% | ||
| Q1 25 | 26.6% | -2.9% | ||
| Q4 24 | 38.7% | -0.9% | ||
| Q3 24 | 21.9% | -23.0% | ||
| Q2 24 | 18.9% | -16.5% | ||
| Q1 24 | 21.7% | -10.2% |
| Q4 25 | 20.2% | -9.3% | ||
| Q3 25 | 10.5% | -2.6% | ||
| Q2 25 | 7.9% | -9.9% | ||
| Q1 25 | 16.8% | -0.4% | ||
| Q4 24 | 25.3% | -2.7% | ||
| Q3 24 | 13.7% | -8.4% | ||
| Q2 24 | 10.1% | -13.8% | ||
| Q1 24 | 13.8% | -8.0% |
| Q4 25 | $0.97 | $-0.11 | ||
| Q3 25 | $0.42 | $-0.03 | ||
| Q2 25 | $0.28 | $-0.10 | ||
| Q1 25 | $0.54 | $0.00 | ||
| Q4 24 | $1.11 | $-0.03 | ||
| Q3 24 | $0.45 | $-0.09 | ||
| Q2 24 | $0.29 | $-0.15 | ||
| Q1 24 | $0.37 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $141.1M |
| Total DebtLower is stronger | $200.0M | $157.0M |
| Stockholders' EquityBook value | — | $39.4M |
| Total Assets | $677.0M | $308.8M |
| Debt / EquityLower = less leverage | — | 3.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $141.1M | ||
| Q3 25 | — | $142.0M | ||
| Q2 25 | — | $134.5M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | — | $178.2M | ||
| Q3 24 | — | $168.4M | ||
| Q2 24 | — | $275.8M | ||
| Q1 24 | — | $265.2M |
| Q4 25 | $200.0M | $157.0M | ||
| Q3 25 | — | $157.3M | ||
| Q2 25 | — | $157.5M | ||
| Q1 25 | — | $157.8M | ||
| Q4 24 | $275.0M | $216.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $340.9M | ||
| Q1 24 | — | $340.5M |
| Q4 25 | — | $39.4M | ||
| Q3 25 | — | $42.8M | ||
| Q2 25 | — | $38.8M | ||
| Q1 25 | — | $38.1M | ||
| Q4 24 | — | $33.4M | ||
| Q3 24 | — | $29.0M | ||
| Q2 24 | — | $26.1M | ||
| Q1 24 | — | $26.9M |
| Q4 25 | $677.0M | $308.8M | ||
| Q3 25 | $751.4M | $309.5M | ||
| Q2 25 | $672.3M | $302.5M | ||
| Q1 25 | $677.3M | $286.3M | ||
| Q4 24 | $703.2M | $340.3M | ||
| Q3 24 | $555.2M | $335.1M | ||
| Q2 24 | $533.1M | $452.5M | ||
| Q1 24 | $544.9M | $442.5M |
| Q4 25 | — | 3.99× | ||
| Q3 25 | — | 3.67× | ||
| Q2 25 | — | 4.06× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 6.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 13.06× | ||
| Q1 24 | — | 12.65× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.4M | $980.0K |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -2.4% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | -0.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $16.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.4M | $980.0K | ||
| Q3 25 | $-23.9M | $10.6M | ||
| Q2 25 | $61.6M | $13.6M | ||
| Q1 25 | $-48.8M | $401.0K | ||
| Q4 24 | $55.8M | $12.4M | ||
| Q3 24 | $69.6M | $5.6M | ||
| Q2 24 | $45.7M | $11.7M | ||
| Q1 24 | $-40.4M | $-3.4M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $11.9M | ||
| Q1 25 | — | $-424.0K | ||
| Q4 24 | — | $11.6M | ||
| Q3 24 | — | $4.5M | ||
| Q2 24 | — | $10.7M | ||
| Q1 24 | — | $-4.2M |
| Q4 25 | — | -2.4% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | -5.3% |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | -0.07× | — | ||
| Q3 25 | -1.58× | — | ||
| Q2 25 | 6.10× | — | ||
| Q1 25 | -2.43× | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 4.12× | — | ||
| Q2 24 | 4.15× | — | ||
| Q1 24 | -2.77× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAMI
Segment breakdown not available.
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
