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Side-by-side financial comparison of CROSS COUNTRY HEALTHCARE INC (CCRN) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
CROSS COUNTRY HEALTHCARE INC is the larger business by last-quarter revenue ($236.8M vs $192.7M, roughly 1.2× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs -35.0%, a 48.4% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs -23.6%). SPS COMMERCE INC produced more free cash flow last quarter ($38.2M vs $16.1M). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs -21.0%).
GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...
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.
CCRN vs SPSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $236.8M | $192.7M |
| Net Profit | $-82.9M | $25.8M |
| Gross Margin | — | 70.4% |
| Operating Margin | -30.2% | 18.0% |
| Net Margin | -35.0% | 13.4% |
| Revenue YoY | -23.6% | 12.7% |
| Net Profit YoY | -2109.7% | 47.2% |
| EPS (diluted) | $-2.56 | $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 | $236.8M | $192.7M | ||
| Q3 25 | $250.1M | $189.9M | ||
| Q2 25 | $274.1M | $187.4M | ||
| Q1 25 | $293.4M | $181.5M | ||
| Q4 24 | $309.9M | $170.9M | ||
| Q3 24 | $315.1M | $163.7M | ||
| Q2 24 | $339.8M | $153.6M | ||
| Q1 24 | $379.2M | $149.6M |
| Q4 25 | $-82.9M | $25.8M | ||
| Q3 25 | $-4.8M | $25.6M | ||
| Q2 25 | $-6.7M | $19.7M | ||
| Q1 25 | $-490.0K | $22.2M | ||
| Q4 24 | $-3.8M | $17.6M | ||
| Q3 24 | $2.6M | $23.5M | ||
| Q2 24 | $-16.1M | $18.0M | ||
| Q1 24 | $2.7M | $18.0M |
| Q4 25 | — | 70.4% | ||
| Q3 25 | 20.4% | 69.5% | ||
| Q2 25 | 20.4% | 68.1% | ||
| Q1 25 | 20.0% | 68.7% | ||
| Q4 24 | — | 67.5% | ||
| Q3 24 | 20.4% | 68.5% | ||
| Q2 24 | 20.8% | 66.1% | ||
| Q1 24 | 20.4% | 65.6% |
| Q4 25 | -30.2% | 18.0% | ||
| Q3 25 | -2.4% | 16.4% | ||
| Q2 25 | -2.1% | 14.1% | ||
| Q1 25 | -0.3% | 14.3% | ||
| Q4 24 | -1.1% | 14.5% | ||
| Q3 24 | 0.9% | 15.6% | ||
| Q2 24 | -5.7% | 15.1% | ||
| Q1 24 | 0.8% | 10.3% |
| Q4 25 | -35.0% | 13.4% | ||
| Q3 25 | -1.9% | 13.5% | ||
| Q2 25 | -2.4% | 10.5% | ||
| Q1 25 | -0.2% | 12.2% | ||
| Q4 24 | -1.2% | 10.3% | ||
| Q3 24 | 0.8% | 14.3% | ||
| Q2 24 | -4.7% | 11.7% | ||
| Q1 24 | 0.7% | 12.0% |
| Q4 25 | $-2.56 | $0.69 | ||
| Q3 25 | $-0.15 | $0.67 | ||
| Q2 25 | $-0.20 | $0.52 | ||
| Q1 25 | $-0.02 | $0.58 | ||
| Q4 24 | $-0.13 | $0.46 | ||
| Q3 24 | $0.08 | $0.62 | ||
| Q2 24 | $-0.47 | $0.48 | ||
| Q1 24 | $0.08 | $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 | $108.7M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $322.8M | $973.9M |
| Total Assets | $449.0M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.7M | $151.4M | ||
| Q3 25 | $99.1M | $133.7M | ||
| Q2 25 | $81.2M | $107.6M | ||
| Q1 25 | $80.7M | $94.9M | ||
| Q4 24 | $81.6M | $241.0M | ||
| Q3 24 | $64.0M | $205.8M | ||
| Q2 24 | $69.6M | $271.8M | ||
| Q1 24 | $5.2M | $290.8M |
| Q4 25 | $322.8M | $973.9M | ||
| Q3 25 | $408.1M | $958.9M | ||
| Q2 25 | $412.2M | $949.8M | ||
| Q1 25 | $418.2M | $920.9M | ||
| Q4 24 | $419.0M | $854.7M | ||
| Q3 24 | $424.7M | $829.4M | ||
| Q2 24 | $433.3M | $703.4M | ||
| Q1 24 | $462.4M | $683.0M |
| Q4 25 | $449.0M | $1.2B | ||
| Q3 25 | $538.2M | $1.2B | ||
| Q2 25 | $553.8M | $1.1B | ||
| Q1 25 | $576.2M | $1.1B | ||
| Q4 24 | $589.3M | $1.0B | ||
| Q3 24 | $597.4M | $1.0B | ||
| Q2 24 | $602.9M | $854.5M | ||
| Q1 24 | $648.4M | $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 | $18.2M | $45.9M |
| Free Cash FlowOCF − Capex | $16.1M | $38.2M |
| FCF MarginFCF / Revenue | 6.8% | 19.8% |
| Capex IntensityCapex / Revenue | 0.9% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $40.1M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $45.9M | ||
| Q3 25 | $20.1M | $60.6M | ||
| Q2 25 | $4.2M | $32.3M | ||
| Q1 25 | $5.7M | $40.0M | ||
| Q4 24 | $24.2M | $40.6M | ||
| Q3 24 | $7.5M | $53.3M | ||
| Q2 24 | $82.4M | $29.4M | ||
| Q1 24 | $6.0M | $34.1M |
| Q4 25 | $16.1M | $38.2M | ||
| Q3 25 | $17.9M | $54.6M | ||
| Q2 25 | $2.3M | $25.7M | ||
| Q1 25 | $3.8M | $33.8M | ||
| Q4 24 | $21.7M | $34.3M | ||
| Q3 24 | $6.3M | $48.1M | ||
| Q2 24 | $79.6M | $24.4M | ||
| Q1 24 | $3.8M | $30.5M |
| Q4 25 | 6.8% | 19.8% | ||
| Q3 25 | 7.2% | 28.7% | ||
| Q2 25 | 0.8% | 13.7% | ||
| Q1 25 | 1.3% | 18.6% | ||
| Q4 24 | 7.0% | 20.1% | ||
| Q3 24 | 2.0% | 29.4% | ||
| Q2 24 | 23.4% | 15.9% | ||
| Q1 24 | 1.0% | 20.4% |
| Q4 25 | 0.9% | 4.0% | ||
| Q3 25 | 0.9% | 3.2% | ||
| Q2 25 | 0.7% | 3.6% | ||
| Q1 25 | 0.6% | 3.4% | ||
| Q4 24 | 0.8% | 3.6% | ||
| Q3 24 | 0.4% | 3.2% | ||
| Q2 24 | 0.8% | 3.3% | ||
| Q1 24 | 0.6% | 2.4% |
| Q4 25 | — | 1.78× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | — | 1.64× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 2.92× | 2.27× | ||
| Q2 24 | — | 1.63× | ||
| Q1 24 | 2.23× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCRN
| Temporary Staffing Services | $189.6M | 80% |
| Physician Staffing | $42.5M | 18% |
| Other Services | $4.7M | 2% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
