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Side-by-side financial comparison of AdvanSix Inc. (ASIX) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
AdvanSix Inc. is the larger business by last-quarter revenue ($359.9M vs $192.7M, roughly 1.9× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs -0.8%, a 14.2% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs 9.4%). SPS COMMERCE INC produced more free cash flow last quarter ($38.2M vs $36.1M). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs 3.4%).
AdvanSix Inc. is an American chemical company that produces nylon 6 and related chemicals such as caprolactam and ammonium sulfate fertilizers. It operated as Honeywell's Resins and Chemicals division until 2016, when it was spun off as a separate company. The unit accounted for 3 percent of Honeywell's sales at the time. For 2019, revenue is estimated at $1.4 billion. The company traces its lineage to the H. W. Jayne Company, established 1884 in Frankford, Pennsylvania.
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.
ASIX vs SPSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $359.9M | $192.7M |
| Net Profit | $-2.8M | $25.8M |
| Gross Margin | 7.6% | 70.4% |
| Operating Margin | -0.7% | 18.0% |
| Net Margin | -0.8% | 13.4% |
| Revenue YoY | 9.4% | 12.7% |
| Net Profit YoY | -892.9% | 47.2% |
| EPS (diluted) | $-0.11 | $0.69 |
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 | $359.9M | $192.7M | ||
| Q3 25 | $374.5M | $189.9M | ||
| Q2 25 | $410.0M | $187.4M | ||
| Q1 25 | $377.8M | $181.5M | ||
| Q4 24 | $329.1M | $170.9M | ||
| Q3 24 | $398.2M | $163.7M | ||
| Q2 24 | $453.5M | $153.6M | ||
| Q1 24 | $336.8M | $149.6M |
| Q4 25 | $-2.8M | $25.8M | ||
| Q3 25 | $-2.6M | $25.6M | ||
| Q2 25 | $31.4M | $19.7M | ||
| Q1 25 | $23.3M | $22.2M | ||
| Q4 24 | $352.0K | $17.6M | ||
| Q3 24 | $22.3M | $23.5M | ||
| Q2 24 | $38.9M | $18.0M | ||
| Q1 24 | $-17.4M | $18.0M |
| Q4 25 | 7.6% | 70.4% | ||
| Q3 25 | 6.8% | 69.5% | ||
| Q2 25 | 14.3% | 68.1% | ||
| Q1 25 | 14.2% | 68.7% | ||
| Q4 24 | 3.4% | 67.5% | ||
| Q3 24 | 14.4% | 68.5% | ||
| Q2 24 | 17.9% | 66.1% | ||
| Q1 24 | 0.9% | 65.6% |
| Q4 25 | -0.7% | 18.0% | ||
| Q3 25 | -0.9% | 16.4% | ||
| Q2 25 | 7.7% | 14.1% | ||
| Q1 25 | 7.7% | 14.3% | ||
| Q4 24 | -3.9% | 14.5% | ||
| Q3 24 | 7.5% | 15.6% | ||
| Q2 24 | 11.5% | 15.1% | ||
| Q1 24 | -7.0% | 10.3% |
| Q4 25 | -0.8% | 13.4% | ||
| Q3 25 | -0.7% | 13.5% | ||
| Q2 25 | 7.7% | 10.5% | ||
| Q1 25 | 6.2% | 12.2% | ||
| Q4 24 | 0.1% | 10.3% | ||
| Q3 24 | 5.6% | 14.3% | ||
| Q2 24 | 8.6% | 11.7% | ||
| Q1 24 | -5.2% | 12.0% |
| Q4 25 | $-0.11 | $0.69 | ||
| Q3 25 | $-0.10 | $0.67 | ||
| Q2 25 | $1.15 | $0.52 | ||
| Q1 25 | $0.86 | $0.58 | ||
| Q4 24 | $0.02 | $0.46 | ||
| Q3 24 | $0.82 | $0.62 | ||
| Q2 24 | $1.43 | $0.48 | ||
| Q1 24 | $-0.65 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $19.8M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $815.2M | $973.9M |
| Total Assets | $1.7B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $151.4M | ||
| Q3 25 | $23.7M | $133.7M | ||
| Q2 25 | $18.4M | $107.6M | ||
| Q1 25 | $8.3M | $94.9M | ||
| Q4 24 | $19.6M | $241.0M | ||
| Q3 24 | $17.3M | $205.8M | ||
| Q2 24 | $12.1M | $271.8M | ||
| Q1 24 | $20.6M | $290.8M |
| Q4 25 | $815.2M | $973.9M | ||
| Q3 25 | $818.2M | $958.9M | ||
| Q2 25 | $823.7M | $949.8M | ||
| Q1 25 | $794.4M | $920.9M | ||
| Q4 24 | $774.6M | $854.7M | ||
| Q3 24 | $766.4M | $829.4M | ||
| Q2 24 | $746.6M | $703.4M | ||
| Q1 24 | $713.2M | $683.0M |
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $854.5M | ||
| Q1 24 | $1.5B | $839.8M |
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 | $63.7M | $45.9M |
| Free Cash FlowOCF − Capex | $36.1M | $38.2M |
| FCF MarginFCF / Revenue | 10.0% | 19.8% |
| Capex IntensityCapex / Revenue | 7.7% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $6.4M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.7M | $45.9M | ||
| Q3 25 | $26.6M | $60.6M | ||
| Q2 25 | $21.1M | $32.3M | ||
| Q1 25 | $11.4M | $40.0M | ||
| Q4 24 | $64.2M | $40.6M | ||
| Q3 24 | $57.3M | $53.3M | ||
| Q2 24 | $50.2M | $29.4M | ||
| Q1 24 | $-36.2M | $34.1M |
| Q4 25 | $36.1M | $38.2M | ||
| Q3 25 | $66.0K | $54.6M | ||
| Q2 25 | $-7.2M | $25.7M | ||
| Q1 25 | $-22.6M | $33.8M | ||
| Q4 24 | $29.8M | $34.3M | ||
| Q3 24 | $26.8M | $48.1M | ||
| Q2 24 | $16.7M | $24.4M | ||
| Q1 24 | $-71.6M | $30.5M |
| Q4 25 | 10.0% | 19.8% | ||
| Q3 25 | 0.0% | 28.7% | ||
| Q2 25 | -1.7% | 13.7% | ||
| Q1 25 | -6.0% | 18.6% | ||
| Q4 24 | 9.1% | 20.1% | ||
| Q3 24 | 6.7% | 29.4% | ||
| Q2 24 | 3.7% | 15.9% | ||
| Q1 24 | -21.3% | 20.4% |
| Q4 25 | 7.7% | 4.0% | ||
| Q3 25 | 7.1% | 3.2% | ||
| Q2 25 | 6.9% | 3.6% | ||
| Q1 25 | 9.0% | 3.4% | ||
| Q4 24 | 10.4% | 3.6% | ||
| Q3 24 | 7.7% | 3.2% | ||
| Q2 24 | 7.4% | 3.3% | ||
| Q1 24 | 10.5% | 2.4% |
| Q4 25 | — | 1.78× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | 0.67× | 1.64× | ||
| Q1 25 | 0.49× | 1.80× | ||
| Q4 24 | 182.29× | 2.31× | ||
| Q3 24 | 2.57× | 2.27× | ||
| Q2 24 | 1.29× | 1.63× | ||
| Q1 24 | — | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASIX
| Plant Nutrients | $140.0M | 39% |
| Chemical Intermediates | $92.8M | 26% |
| Caprolactam | $64.4M | 18% |
| Nylon Resins | $62.8M | 17% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
