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Side-by-side financial comparison of BEYOND MEAT, INC. (BYND) and Commerce.com, Inc. (CMRC). Click either name above to swap in a different company.
Commerce.com, Inc. is the larger business by last-quarter revenue ($89.5M vs $61.6M, roughly 1.5× BEYOND MEAT, INC.). On growth, Commerce.com, Inc. posted the faster year-over-year revenue change (2.9% vs -19.7%). Commerce.com, Inc. produced more free cash flow last quarter ($-2.2M vs $-49.8M). Over the past eight quarters, Commerce.com, Inc.'s revenue compounded faster (5.5% CAGR vs -9.7%).
Beyond Meat, Inc., branded as Beyond, is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company's products were first launched in the United States in 2012.
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.
BYND vs CMRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.6M | $89.5M |
| Net Profit | — | $-8.4M |
| Gross Margin | -11.5% | 78.3% |
| Operating Margin | -211.4% | -7.4% |
| Net Margin | — | -9.3% |
| Revenue YoY | -19.7% | 2.9% |
| Net Profit YoY | — | -250.0% |
| EPS (diluted) | $0.68 | $-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 | $61.6M | $89.5M | ||
| Q3 25 | $70.2M | $86.0M | ||
| Q2 25 | $75.0M | $84.4M | ||
| Q1 25 | $68.7M | $82.4M | ||
| Q4 24 | $76.7M | $87.0M | ||
| Q3 24 | $81.0M | $83.7M | ||
| Q2 24 | $93.2M | $81.8M | ||
| Q1 24 | $75.6M | $80.4M |
| Q4 25 | — | $-8.4M | ||
| Q3 25 | $-110.7M | $-2.2M | ||
| Q2 25 | $-29.2M | $-8.4M | ||
| Q1 25 | $-52.9M | $-353.0K | ||
| Q4 24 | — | $-2.4M | ||
| Q3 24 | $-26.6M | $-7.0M | ||
| Q2 24 | $-34.5M | $-11.3M | ||
| Q1 24 | $-54.4M | $-6.4M |
| Q4 25 | -11.5% | 78.3% | ||
| Q3 25 | 10.3% | 78.4% | ||
| Q2 25 | 11.5% | 79.0% | ||
| Q1 25 | -1.5% | 79.4% | ||
| Q4 24 | 13.1% | 77.6% | ||
| Q3 24 | 17.7% | 76.3% | ||
| Q2 24 | 14.7% | 75.8% | ||
| Q1 24 | 4.9% | 77.1% |
| Q4 25 | -211.4% | -7.4% | ||
| Q3 25 | -160.0% | -0.5% | ||
| Q2 25 | -46.6% | -8.0% | ||
| Q1 25 | -81.8% | -2.9% | ||
| Q4 24 | -49.3% | -0.9% | ||
| Q3 24 | -38.2% | -23.0% | ||
| Q2 24 | -36.4% | -16.5% | ||
| Q1 24 | -70.7% | -10.2% |
| Q4 25 | — | -9.3% | ||
| Q3 25 | -157.6% | -2.6% | ||
| Q2 25 | -39.0% | -9.9% | ||
| Q1 25 | -77.0% | -0.4% | ||
| Q4 24 | — | -2.7% | ||
| Q3 24 | -32.8% | -8.4% | ||
| Q2 24 | -37.0% | -13.8% | ||
| Q1 24 | -71.9% | -8.0% |
| Q4 25 | $0.68 | $-0.11 | ||
| Q3 25 | $-1.44 | $-0.03 | ||
| Q2 25 | $-0.38 | $-0.10 | ||
| Q1 25 | $-0.69 | $0.00 | ||
| Q4 24 | $-0.65 | $-0.03 | ||
| Q3 24 | $-0.41 | $-0.09 | ||
| Q2 24 | $-0.53 | $-0.15 | ||
| Q1 24 | $-0.84 | $-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 | $203.9M | $141.1M |
| Total DebtLower is stronger | $415.7M | $157.0M |
| Stockholders' EquityBook value | $-997.0K | $39.4M |
| Total Assets | $614.7M | $308.8M |
| Debt / EquityLower = less leverage | — | 3.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.9M | $141.1M | ||
| Q3 25 | $117.3M | $142.0M | ||
| Q2 25 | $103.5M | $134.5M | ||
| Q1 25 | $102.1M | $120.7M | ||
| Q4 24 | $131.9M | $178.2M | ||
| Q3 24 | $121.7M | $168.4M | ||
| Q2 24 | $144.9M | $275.8M | ||
| Q1 24 | $157.9M | $265.2M |
| Q4 25 | $415.7M | $157.0M | ||
| Q3 25 | $1.2B | $157.3M | ||
| Q2 25 | $1.2B | $157.5M | ||
| Q1 25 | $1.1B | $157.8M | ||
| Q4 24 | $1.1B | $216.5M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | $340.9M | ||
| Q1 24 | $1.1B | $340.5M |
| Q4 25 | $-997.0K | $39.4M | ||
| Q3 25 | $-784.1M | $42.8M | ||
| Q2 25 | $-677.0M | $38.8M | ||
| Q1 25 | $-649.5M | $38.1M | ||
| Q4 24 | $-601.2M | $33.4M | ||
| Q3 24 | $-611.9M | $29.0M | ||
| Q2 24 | $-590.0M | $26.1M | ||
| Q1 24 | $-561.4M | $26.9M |
| Q4 25 | $614.7M | $308.8M | ||
| Q3 25 | $599.7M | $309.5M | ||
| Q2 25 | $691.7M | $302.5M | ||
| Q1 25 | $643.8M | $286.3M | ||
| Q4 24 | $678.1M | $340.3M | ||
| Q3 24 | $692.9M | $335.1M | ||
| Q2 24 | $711.2M | $452.5M | ||
| Q1 24 | $735.0M | $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 | $-46.8M | $980.0K |
| Free Cash FlowOCF − Capex | $-49.8M | $-2.2M |
| FCF MarginFCF / Revenue | -80.8% | -2.4% |
| Capex IntensityCapex / Revenue | 4.8% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-157.2M | $16.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.8M | $980.0K | ||
| Q3 25 | $-38.8M | $10.6M | ||
| Q2 25 | $-33.2M | $13.6M | ||
| Q1 25 | $-26.1M | $401.0K | ||
| Q4 24 | $-29.0M | $12.4M | ||
| Q3 24 | $-22.0M | $5.6M | ||
| Q2 24 | $-16.0M | $11.7M | ||
| Q1 24 | $-31.8M | $-3.4M |
| Q4 25 | $-49.8M | $-2.2M | ||
| Q3 25 | $-41.7M | $7.6M | ||
| Q2 25 | $-35.1M | $11.9M | ||
| Q1 25 | $-30.6M | $-424.0K | ||
| Q4 24 | $-35.4M | $11.6M | ||
| Q3 24 | $-24.1M | $4.5M | ||
| Q2 24 | $-17.3M | $10.7M | ||
| Q1 24 | $-33.0M | $-4.2M |
| Q4 25 | -80.8% | -2.4% | ||
| Q3 25 | -59.4% | 8.8% | ||
| Q2 25 | -46.9% | 14.1% | ||
| Q1 25 | -44.6% | -0.5% | ||
| Q4 24 | -46.2% | 13.3% | ||
| Q3 24 | -29.7% | 5.4% | ||
| Q2 24 | -18.6% | 13.0% | ||
| Q1 24 | -43.7% | -5.3% |
| Q4 25 | 4.8% | 3.5% | ||
| Q3 25 | 4.1% | 3.4% | ||
| Q2 25 | 2.6% | 2.0% | ||
| Q1 25 | 6.5% | 1.0% | ||
| Q4 24 | 8.4% | 0.9% | ||
| Q3 24 | 2.5% | 1.3% | ||
| Q2 24 | 1.4% | 1.3% | ||
| Q1 24 | 1.6% | 1.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BYND
Segment breakdown not available.
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
