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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
BJs RESTAURANTS INC is the larger business by last-quarter revenue ($355.4M vs $192.7M, roughly 1.8× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs 3.6%, a 9.9% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs 3.2%). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs 2.6%).
BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.
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.
BJRI vs SPSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $355.4M | $192.7M |
| Net Profit | $12.6M | $25.8M |
| Gross Margin | 74.5% | 70.4% |
| Operating Margin | 3.1% | 18.0% |
| Net Margin | 3.6% | 13.4% |
| Revenue YoY | 3.2% | 12.7% |
| Net Profit YoY | -24.2% | 47.2% |
| EPS (diluted) | $0.58 | $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 | $355.4M | $192.7M | ||
| Q3 25 | $365.6M | $189.9M | ||
| Q2 25 | $348.0M | $187.4M | ||
| Q1 25 | — | $181.5M | ||
| Q4 24 | $325.7M | $170.9M | ||
| Q3 24 | $349.9M | $163.7M | ||
| Q2 24 | $337.3M | $153.6M | ||
| Q1 24 | — | $149.6M |
| Q4 25 | $12.6M | $25.8M | ||
| Q3 25 | $22.2M | $25.6M | ||
| Q2 25 | $13.5M | $19.7M | ||
| Q1 25 | — | $22.2M | ||
| Q4 24 | $-2.9M | $17.6M | ||
| Q3 24 | $17.2M | $23.5M | ||
| Q2 24 | $7.7M | $18.0M | ||
| Q1 24 | — | $18.0M |
| Q4 25 | 74.5% | 70.4% | ||
| Q3 25 | 75.2% | 69.5% | ||
| Q2 25 | 75.0% | 68.1% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | 73.4% | 67.5% | ||
| Q3 24 | 74.3% | 68.5% | ||
| Q2 24 | 74.8% | 66.1% | ||
| Q1 24 | — | 65.6% |
| Q4 25 | 3.1% | 18.0% | ||
| Q3 25 | 5.8% | 16.4% | ||
| Q2 25 | 4.3% | 14.1% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | -0.8% | 14.5% | ||
| Q3 24 | 3.8% | 15.6% | ||
| Q2 24 | 2.4% | 15.1% | ||
| Q1 24 | — | 10.3% |
| Q4 25 | 3.6% | 13.4% | ||
| Q3 25 | 6.1% | 13.5% | ||
| Q2 25 | 3.9% | 10.5% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | -0.9% | 10.3% | ||
| Q3 24 | 4.9% | 14.3% | ||
| Q2 24 | 2.3% | 11.7% | ||
| Q1 24 | — | 12.0% |
| Q4 25 | $0.58 | $0.69 | ||
| Q3 25 | $0.97 | $0.67 | ||
| Q2 25 | $0.58 | $0.52 | ||
| Q1 25 | — | $0.58 | ||
| Q4 24 | $-0.13 | $0.46 | ||
| Q3 24 | $0.72 | $0.62 | ||
| Q2 24 | $0.32 | $0.48 | ||
| Q1 24 | — | $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 | $23.8M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $366.2M | $973.9M |
| Total Assets | $1.0B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.8M | $151.4M | ||
| Q3 25 | $26.0M | $133.7M | ||
| Q2 25 | $19.0M | $107.6M | ||
| Q1 25 | — | $94.9M | ||
| Q4 24 | $18.4M | $241.0M | ||
| Q3 24 | $16.2M | $205.8M | ||
| Q2 24 | $18.8M | $271.8M | ||
| Q1 24 | — | $290.8M |
| Q4 25 | — | — | ||
| Q3 25 | $60.5M | — | ||
| Q2 25 | $85.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $66.5M | — | ||
| Q3 24 | $63.5M | — | ||
| Q2 24 | $58.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $366.2M | $973.9M | ||
| Q3 25 | $386.6M | $958.9M | ||
| Q2 25 | $371.5M | $949.8M | ||
| Q1 25 | — | $920.9M | ||
| Q4 24 | $376.2M | $854.7M | ||
| Q3 24 | $386.5M | $829.4M | ||
| Q2 24 | $375.4M | $703.4M | ||
| Q1 24 | — | $683.0M |
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $1.0B | $854.5M | ||
| Q1 24 | — | $839.8M |
| Q4 25 | — | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | — | — |
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 | — | $45.9M |
| Free Cash FlowOCF − Capex | — | $38.2M |
| FCF MarginFCF / Revenue | — | 19.8% |
| Capex IntensityCapex / Revenue | — | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $45.9M | ||
| Q3 25 | $62.3M | $60.6M | ||
| Q2 25 | $4.6M | $32.3M | ||
| Q1 25 | — | $40.0M | ||
| Q4 24 | $27.3M | $40.6M | ||
| Q3 24 | $20.2M | $53.3M | ||
| Q2 24 | $22.3M | $29.4M | ||
| Q1 24 | — | $34.1M |
| Q4 25 | — | $38.2M | ||
| Q3 25 | $41.9M | $54.6M | ||
| Q2 25 | $-12.1M | $25.7M | ||
| Q1 25 | — | $33.8M | ||
| Q4 24 | $7.6M | $34.3M | ||
| Q3 24 | $735.0K | $48.1M | ||
| Q2 24 | $448.0K | $24.4M | ||
| Q1 24 | — | $30.5M |
| Q4 25 | — | 19.8% | ||
| Q3 25 | 11.5% | 28.7% | ||
| Q2 25 | -3.5% | 13.7% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | 2.3% | 20.1% | ||
| Q3 24 | 0.2% | 29.4% | ||
| Q2 24 | 0.1% | 15.9% | ||
| Q1 24 | — | 20.4% |
| Q4 25 | — | 4.0% | ||
| Q3 25 | 5.6% | 3.2% | ||
| Q2 25 | 4.8% | 3.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | 6.0% | 3.6% | ||
| Q3 24 | 5.6% | 3.2% | ||
| Q2 24 | 6.5% | 3.3% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | — | 1.78× | ||
| Q3 25 | 2.80× | 2.37× | ||
| Q2 25 | 0.34× | 1.64× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 1.18× | 2.27× | ||
| Q2 24 | 2.89× | 1.63× | ||
| Q1 24 | — | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BJRI
Segment breakdown not available.
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
