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Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) and Commerce.com, Inc. (CMRC). Click either name above to swap in a different company.
BYLINE BANCORP, INC. is the larger business by last-quarter revenue ($112.4M vs $89.5M, roughly 1.3× Commerce.com, Inc.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs -9.3%, a 42.8% gap on every dollar of revenue. On growth, BYLINE BANCORP, INC. posted the faster year-over-year revenue change (9.0% vs 2.9%). Over the past eight quarters, BYLINE BANCORP, INC.'s revenue compounded faster (6.4% CAGR vs 5.5%).
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
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.
BY vs CMRC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.4M | $89.5M |
| Net Profit | $37.6M | $-8.4M |
| Gross Margin | — | 78.3% |
| Operating Margin | — | -7.4% |
| Net Margin | 33.4% | -9.3% |
| Revenue YoY | 9.0% | 2.9% |
| Net Profit YoY | 33.0% | -250.0% |
| EPS (diluted) | $0.83 | $-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.
| Q1 26 | $112.4M | — | ||
| Q4 25 | $117.0M | $89.5M | ||
| Q3 25 | $115.7M | $86.0M | ||
| Q2 25 | $110.5M | $84.4M | ||
| Q1 25 | $103.1M | $82.4M | ||
| Q4 24 | $104.7M | $87.0M | ||
| Q3 24 | $101.8M | $83.7M | ||
| Q2 24 | $99.4M | $81.8M |
| Q1 26 | $37.6M | — | ||
| Q4 25 | $34.5M | $-8.4M | ||
| Q3 25 | $37.2M | $-2.2M | ||
| Q2 25 | $30.1M | $-8.4M | ||
| Q1 25 | $28.2M | $-353.0K | ||
| Q4 24 | $30.3M | $-2.4M | ||
| Q3 24 | $30.3M | $-7.0M | ||
| Q2 24 | $29.7M | $-11.3M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 40.1% | -7.4% | ||
| Q3 25 | 43.1% | -0.5% | ||
| Q2 25 | 35.2% | -8.0% | ||
| Q1 25 | 36.4% | -2.9% | ||
| Q4 24 | 38.6% | -0.9% | ||
| Q3 24 | 39.3% | -23.0% | ||
| Q2 24 | 40.4% | -16.5% |
| Q1 26 | 33.4% | — | ||
| Q4 25 | 34.1% | -9.3% | ||
| Q3 25 | 32.1% | -2.6% | ||
| Q2 25 | 27.2% | -9.9% | ||
| Q1 25 | 27.4% | -0.4% | ||
| Q4 24 | 34.3% | -2.7% | ||
| Q3 24 | 29.8% | -8.4% | ||
| Q2 24 | 29.9% | -13.8% |
| Q1 26 | $0.83 | — | ||
| Q4 25 | $0.77 | $-0.11 | ||
| Q3 25 | $0.82 | $-0.03 | ||
| Q2 25 | $0.66 | $-0.10 | ||
| Q1 25 | $0.64 | $0.00 | ||
| Q4 24 | $0.68 | $-0.03 | ||
| Q3 24 | $0.69 | $-0.09 | ||
| Q2 24 | $0.68 | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $198.4M | $141.1M |
| Total DebtLower is stronger | — | $157.0M |
| Stockholders' EquityBook value | $1.3B | $39.4M |
| Total Assets | $9.9B | $308.8M |
| Debt / EquityLower = less leverage | — | 3.99× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $198.4M | — | ||
| Q4 25 | $149.1M | $141.1M | ||
| Q3 25 | $259.0M | $142.0M | ||
| Q2 25 | $218.3M | $134.5M | ||
| Q1 25 | $421.3M | $120.7M | ||
| Q4 24 | $563.1M | $178.2M | ||
| Q3 24 | $452.6M | $168.4M | ||
| Q2 24 | $730.5M | $275.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $157.0M | ||
| Q3 25 | — | $157.3M | ||
| Q2 25 | — | $157.5M | ||
| Q1 25 | — | $157.8M | ||
| Q4 24 | — | $216.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $340.9M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $39.4M | ||
| Q3 25 | $1.2B | $42.8M | ||
| Q2 25 | $1.2B | $38.8M | ||
| Q1 25 | $1.1B | $38.1M | ||
| Q4 24 | $1.1B | $33.4M | ||
| Q3 24 | $1.1B | $29.0M | ||
| Q2 24 | $1.0B | $26.1M |
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.7B | $308.8M | ||
| Q3 25 | $9.8B | $309.5M | ||
| Q2 25 | $9.7B | $302.5M | ||
| Q1 25 | $9.6B | $286.3M | ||
| Q4 24 | $9.5B | $340.3M | ||
| Q3 24 | $9.4B | $335.1M | ||
| Q2 24 | $9.6B | $452.5M |
| Q1 26 | — | — | ||
| 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× |
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 | — | $980.0K |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -2.4% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $16.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $140.3M | $980.0K | ||
| Q3 25 | $38.3M | $10.6M | ||
| Q2 25 | $16.3M | $13.6M | ||
| Q1 25 | $27.1M | $401.0K | ||
| Q4 24 | $175.2M | $12.4M | ||
| Q3 24 | $19.8M | $5.6M | ||
| Q2 24 | $40.1M | $11.7M |
| Q1 26 | — | — | ||
| Q4 25 | $136.3M | $-2.2M | ||
| Q3 25 | $38.0M | $7.6M | ||
| Q2 25 | $15.2M | $11.9M | ||
| Q1 25 | $25.0M | $-424.0K | ||
| Q4 24 | $171.2M | $11.6M | ||
| Q3 24 | $19.1M | $4.5M | ||
| Q2 24 | $39.4M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | 116.5% | -2.4% | ||
| Q3 25 | 32.8% | 8.8% | ||
| Q2 25 | 13.7% | 14.1% | ||
| Q1 25 | 24.3% | -0.5% | ||
| Q4 24 | 163.5% | 13.3% | ||
| Q3 24 | 18.8% | 5.4% | ||
| Q2 24 | 39.7% | 13.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 3.5% | ||
| Q3 25 | 0.3% | 3.4% | ||
| Q2 25 | 1.0% | 2.0% | ||
| Q1 25 | 2.0% | 1.0% | ||
| Q4 24 | 3.8% | 0.9% | ||
| Q3 24 | 0.6% | 1.3% | ||
| Q2 24 | 0.7% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.06× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 5.78× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 1.35× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BY
Segment breakdown not available.
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
