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Side-by-side financial comparison of COASTAL FINANCIAL CORP (CCB) 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 $138.0M, roughly 1.4× COASTAL FINANCIAL CORP). On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs -5.8%). COASTAL FINANCIAL CORP produced more free cash flow last quarter ($246.1M vs $38.2M). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs -3.6%).
Fidelity National Financial, Inc., is an American provider of title insurance and settlement services to the real estate and mortgage industries. A Fortune 500 company, Fidelity National Financial generated approximately $8.469 billion in annual revenue in 2019 from its title and real estate-related operations. The company was the first instance of an attorney licensed by a Native American Tribe being certified as "authorized house counsel" in the state of Florida.
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.
CCB vs SPSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $138.0M | $192.7M |
| Net Profit | — | $25.8M |
| Gross Margin | — | 70.4% |
| Operating Margin | 12.4% | 18.0% |
| Net Margin | — | 13.4% |
| Revenue YoY | -5.8% | 12.7% |
| Net Profit YoY | — | 47.2% |
| EPS (diluted) | $0.84 | $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 | $138.0M | $192.7M | ||
| Q3 25 | $144.7M | $189.9M | ||
| Q2 25 | $119.4M | $187.4M | ||
| Q1 25 | $139.5M | $181.5M | ||
| Q4 24 | $146.5M | $170.9M | ||
| Q3 24 | $151.1M | $163.7M | ||
| Q2 24 | $135.3M | $153.6M | ||
| Q1 24 | $148.4M | $149.6M |
| Q4 25 | — | $25.8M | ||
| Q3 25 | $13.6M | $25.6M | ||
| Q2 25 | $11.0M | $19.7M | ||
| Q1 25 | $9.7M | $22.2M | ||
| Q4 24 | — | $17.6M | ||
| Q3 24 | $13.5M | $23.5M | ||
| Q2 24 | $11.6M | $18.0M | ||
| Q1 24 | $6.8M | $18.0M |
| 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 24 | — | 65.6% |
| Q4 25 | 12.4% | 18.0% | ||
| Q3 25 | 12.4% | 16.4% | ||
| Q2 25 | 12.0% | 14.1% | ||
| Q1 25 | 8.4% | 14.3% | ||
| Q4 24 | 11.7% | 14.5% | ||
| Q3 24 | 10.8% | 15.6% | ||
| Q2 24 | 11.1% | 15.1% | ||
| Q1 24 | 5.9% | 10.3% |
| Q4 25 | — | 13.4% | ||
| Q3 25 | 9.4% | 13.5% | ||
| Q2 25 | 9.2% | 10.5% | ||
| Q1 25 | 7.0% | 12.2% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 8.9% | 14.3% | ||
| Q2 24 | 8.6% | 11.7% | ||
| Q1 24 | 4.6% | 12.0% |
| Q4 25 | $0.84 | $0.69 | ||
| Q3 25 | $0.88 | $0.67 | ||
| Q2 25 | $0.71 | $0.52 | ||
| Q1 25 | $0.63 | $0.58 | ||
| Q4 24 | $0.95 | $0.46 | ||
| Q3 24 | $0.97 | $0.62 | ||
| Q2 24 | $0.84 | $0.48 | ||
| Q1 24 | $0.50 | $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 | — | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $491.0M | $973.9M |
| Total Assets | $4.7B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $151.4M | ||
| Q3 25 | — | $133.7M | ||
| Q2 25 | — | $107.6M | ||
| Q1 25 | — | $94.9M | ||
| Q4 24 | — | $241.0M | ||
| Q3 24 | — | $205.8M | ||
| Q2 24 | — | $271.8M | ||
| Q1 24 | — | $290.8M |
| Q4 25 | $491.0M | $973.9M | ||
| Q3 25 | $475.3M | $958.9M | ||
| Q2 25 | $461.7M | $949.8M | ||
| Q1 25 | $449.9M | $920.9M | ||
| Q4 24 | $438.7M | $854.7M | ||
| Q3 24 | $331.9M | $829.4M | ||
| Q2 24 | $316.7M | $703.4M | ||
| Q1 24 | $303.7M | $683.0M |
| Q4 25 | $4.7B | $1.2B | ||
| Q3 25 | $4.6B | $1.2B | ||
| Q2 25 | $4.5B | $1.1B | ||
| Q1 25 | $4.3B | $1.1B | ||
| Q4 24 | $4.1B | $1.0B | ||
| Q3 24 | $4.1B | $1.0B | ||
| Q2 24 | $4.0B | $854.5M | ||
| Q1 24 | $3.9B | $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 | $254.6M | $45.9M |
| Free Cash FlowOCF − Capex | $246.1M | $38.2M |
| FCF MarginFCF / Revenue | 178.3% | 19.8% |
| Capex IntensityCapex / Revenue | 6.1% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $436.4M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $254.6M | $45.9M | ||
| Q3 25 | $59.0M | $60.6M | ||
| Q2 25 | $66.0M | $32.3M | ||
| Q1 25 | $71.7M | $40.0M | ||
| Q4 24 | $259.8M | $40.6M | ||
| Q3 24 | $62.6M | $53.3M | ||
| Q2 24 | $72.1M | $29.4M | ||
| Q1 24 | $56.8M | $34.1M |
| Q4 25 | $246.1M | $38.2M | ||
| Q3 25 | $57.4M | $54.6M | ||
| Q2 25 | $64.0M | $25.7M | ||
| Q1 25 | $68.9M | $33.8M | ||
| Q4 24 | $249.9M | $34.3M | ||
| Q3 24 | $60.2M | $48.1M | ||
| Q2 24 | $69.5M | $24.4M | ||
| Q1 24 | $55.0M | $30.5M |
| Q4 25 | 178.3% | 19.8% | ||
| Q3 25 | 39.7% | 28.7% | ||
| Q2 25 | 53.6% | 13.7% | ||
| Q1 25 | 49.4% | 18.6% | ||
| Q4 24 | 170.6% | 20.1% | ||
| Q3 24 | 39.8% | 29.4% | ||
| Q2 24 | 51.3% | 15.9% | ||
| Q1 24 | 37.1% | 20.4% |
| Q4 25 | 6.1% | 4.0% | ||
| Q3 25 | 1.2% | 3.2% | ||
| Q2 25 | 1.7% | 3.6% | ||
| Q1 25 | 2.0% | 3.4% | ||
| Q4 24 | 6.8% | 3.6% | ||
| Q3 24 | 1.6% | 3.2% | ||
| Q2 24 | 1.9% | 3.3% | ||
| Q1 24 | 1.2% | 2.4% |
| Q4 25 | — | 1.78× | ||
| Q3 25 | 4.34× | 2.37× | ||
| Q2 25 | 5.99× | 1.64× | ||
| Q1 25 | 7.37× | 1.80× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 4.65× | 2.27× | ||
| Q2 24 | 6.22× | 1.63× | ||
| Q1 24 | 8.35× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCB
| Other | $74.7M | 54% |
| Baa S Credit Enhancements | $47.3M | 34% |
| Baa S Program Income | $8.4M | 6% |
| Transaction Fees | $4.9M | 4% |
| Servicing And Other Baa S Fees | $1.6M | 1% |
| Baa S Fraud Enhancements | $1.1M | 1% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
