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Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
SPS COMMERCE INC is the larger business by last-quarter revenue ($192.7M vs $112.4M, roughly 1.7× BYLINE BANCORP, INC.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs 13.4%, a 20.0% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs 9.0%). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs 6.4%).
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 SPSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.4M | $192.7M |
| Net Profit | $37.6M | $25.8M |
| Gross Margin | — | 70.4% |
| Operating Margin | — | 18.0% |
| Net Margin | 33.4% | 13.4% |
| Revenue YoY | 9.0% | 12.7% |
| Net Profit YoY | 33.0% | 47.2% |
| EPS (diluted) | $0.83 | $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.
| Q1 26 | $112.4M | — | ||
| Q4 25 | $117.0M | $192.7M | ||
| Q3 25 | $115.7M | $189.9M | ||
| Q2 25 | $110.5M | $187.4M | ||
| Q1 25 | $103.1M | $181.5M | ||
| Q4 24 | $104.7M | $170.9M | ||
| Q3 24 | $101.8M | $163.7M | ||
| Q2 24 | $99.4M | $153.6M |
| Q1 26 | $37.6M | — | ||
| Q4 25 | $34.5M | $25.8M | ||
| Q3 25 | $37.2M | $25.6M | ||
| Q2 25 | $30.1M | $19.7M | ||
| Q1 25 | $28.2M | $22.2M | ||
| Q4 24 | $30.3M | $17.6M | ||
| Q3 24 | $30.3M | $23.5M | ||
| Q2 24 | $29.7M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 70.4% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 68.1% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 67.5% | ||
| Q3 24 | — | 68.5% | ||
| Q2 24 | — | 66.1% |
| Q1 26 | — | — | ||
| Q4 25 | 40.1% | 18.0% | ||
| Q3 25 | 43.1% | 16.4% | ||
| Q2 25 | 35.2% | 14.1% | ||
| Q1 25 | 36.4% | 14.3% | ||
| Q4 24 | 38.6% | 14.5% | ||
| Q3 24 | 39.3% | 15.6% | ||
| Q2 24 | 40.4% | 15.1% |
| Q1 26 | 33.4% | — | ||
| Q4 25 | 34.1% | 13.4% | ||
| Q3 25 | 32.1% | 13.5% | ||
| Q2 25 | 27.2% | 10.5% | ||
| Q1 25 | 27.4% | 12.2% | ||
| Q4 24 | 34.3% | 10.3% | ||
| Q3 24 | 29.8% | 14.3% | ||
| Q2 24 | 29.9% | 11.7% |
| Q1 26 | $0.83 | — | ||
| Q4 25 | $0.77 | $0.69 | ||
| Q3 25 | $0.82 | $0.67 | ||
| Q2 25 | $0.66 | $0.52 | ||
| Q1 25 | $0.64 | $0.58 | ||
| Q4 24 | $0.68 | $0.46 | ||
| Q3 24 | $0.69 | $0.62 | ||
| Q2 24 | $0.68 | $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 | $198.4M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $973.9M |
| Total Assets | $9.9B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $198.4M | — | ||
| Q4 25 | $149.1M | $151.4M | ||
| Q3 25 | $259.0M | $133.7M | ||
| Q2 25 | $218.3M | $107.6M | ||
| Q1 25 | $421.3M | $94.9M | ||
| Q4 24 | $563.1M | $241.0M | ||
| Q3 24 | $452.6M | $205.8M | ||
| Q2 24 | $730.5M | $271.8M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $973.9M | ||
| Q3 25 | $1.2B | $958.9M | ||
| Q2 25 | $1.2B | $949.8M | ||
| Q1 25 | $1.1B | $920.9M | ||
| Q4 24 | $1.1B | $854.7M | ||
| Q3 24 | $1.1B | $829.4M | ||
| Q2 24 | $1.0B | $703.4M |
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.7B | $1.2B | ||
| Q3 25 | $9.8B | $1.2B | ||
| Q2 25 | $9.7B | $1.1B | ||
| Q1 25 | $9.6B | $1.1B | ||
| Q4 24 | $9.5B | $1.0B | ||
| Q3 24 | $9.4B | $1.0B | ||
| Q2 24 | $9.6B | $854.5M |
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.
| Q1 26 | — | — | ||
| Q4 25 | $140.3M | $45.9M | ||
| Q3 25 | $38.3M | $60.6M | ||
| Q2 25 | $16.3M | $32.3M | ||
| Q1 25 | $27.1M | $40.0M | ||
| Q4 24 | $175.2M | $40.6M | ||
| Q3 24 | $19.8M | $53.3M | ||
| Q2 24 | $40.1M | $29.4M |
| Q1 26 | — | — | ||
| Q4 25 | $136.3M | $38.2M | ||
| Q3 25 | $38.0M | $54.6M | ||
| Q2 25 | $15.2M | $25.7M | ||
| Q1 25 | $25.0M | $33.8M | ||
| Q4 24 | $171.2M | $34.3M | ||
| Q3 24 | $19.1M | $48.1M | ||
| Q2 24 | $39.4M | $24.4M |
| Q1 26 | — | — | ||
| Q4 25 | 116.5% | 19.8% | ||
| Q3 25 | 32.8% | 28.7% | ||
| Q2 25 | 13.7% | 13.7% | ||
| Q1 25 | 24.3% | 18.6% | ||
| Q4 24 | 163.5% | 20.1% | ||
| Q3 24 | 18.8% | 29.4% | ||
| Q2 24 | 39.7% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 4.0% | ||
| Q3 25 | 0.3% | 3.2% | ||
| Q2 25 | 1.0% | 3.6% | ||
| Q1 25 | 2.0% | 3.4% | ||
| Q4 24 | 3.8% | 3.6% | ||
| Q3 24 | 0.6% | 3.2% | ||
| Q2 24 | 0.7% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.06× | 1.78× | ||
| Q3 25 | 1.03× | 2.37× | ||
| Q2 25 | 0.54× | 1.64× | ||
| Q1 25 | 0.96× | 1.80× | ||
| Q4 24 | 5.78× | 2.31× | ||
| Q3 24 | 0.65× | 2.27× | ||
| Q2 24 | 1.35× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BY
Segment breakdown not available.
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
