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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) 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 $182.4M, roughly 1.1× Climb Global Solutions, Inc.). SPS COMMERCE INC runs the higher net margin — 13.4% vs 1.8%, a 11.6% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs 12.7%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs 13.5%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
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.
CLMB vs SPSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $182.4M | $192.7M |
| Net Profit | $3.3M | $25.8M |
| Gross Margin | 14.5% | 70.4% |
| Operating Margin | 2.1% | 18.0% |
| Net Margin | 1.8% | 13.4% |
| Revenue YoY | 32.1% | 12.7% |
| Net Profit YoY | -9.5% | 47.2% |
| EPS (diluted) | $0.18 | $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 | $182.4M | — | ||
| Q4 25 | $193.8M | $192.7M | ||
| Q3 25 | $161.3M | $189.9M | ||
| Q2 25 | $159.3M | $187.4M | ||
| Q1 25 | $138.0M | $181.5M | ||
| Q4 24 | $161.8M | $170.9M | ||
| Q3 24 | $119.3M | $163.7M | ||
| Q2 24 | $92.1M | $153.6M |
| Q1 26 | $3.3M | — | ||
| Q4 25 | $7.0M | $25.8M | ||
| Q3 25 | $4.7M | $25.6M | ||
| Q2 25 | $6.0M | $19.7M | ||
| Q1 25 | $3.7M | $22.2M | ||
| Q4 24 | $7.0M | $17.6M | ||
| Q3 24 | $5.5M | $23.5M | ||
| Q2 24 | $3.4M | $18.0M |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 15.4% | 70.4% | ||
| Q3 25 | 15.9% | 69.5% | ||
| Q2 25 | 16.5% | 68.1% | ||
| Q1 25 | 16.9% | 68.7% | ||
| Q4 24 | 19.3% | 67.5% | ||
| Q3 24 | 20.3% | 68.5% | ||
| Q2 24 | 20.2% | 66.1% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 4.9% | 18.0% | ||
| Q3 25 | 4.3% | 16.4% | ||
| Q2 25 | 5.0% | 14.1% | ||
| Q1 25 | 3.5% | 14.3% | ||
| Q4 24 | 7.2% | 14.5% | ||
| Q3 24 | 7.1% | 15.6% | ||
| Q2 24 | 4.6% | 15.1% |
| Q1 26 | 1.8% | — | ||
| Q4 25 | 3.6% | 13.4% | ||
| Q3 25 | 2.9% | 13.5% | ||
| Q2 25 | 3.7% | 10.5% | ||
| Q1 25 | 2.7% | 12.2% | ||
| Q4 24 | 4.3% | 10.3% | ||
| Q3 24 | 4.6% | 14.3% | ||
| Q2 24 | 3.7% | 11.7% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $1.51 | $0.69 | ||
| Q3 25 | $1.02 | $0.67 | ||
| Q2 25 | $1.30 | $0.52 | ||
| Q1 25 | $0.81 | $0.58 | ||
| Q4 24 | $1.52 | $0.46 | ||
| Q3 24 | $1.19 | $0.62 | ||
| Q2 24 | $0.75 | $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 | $41.8M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $118.4M | $973.9M |
| Total Assets | $458.8M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $41.8M | — | ||
| Q4 25 | $36.6M | $151.4M | ||
| Q3 25 | $49.8M | $133.7M | ||
| Q2 25 | $28.6M | $107.6M | ||
| Q1 25 | $32.5M | $94.9M | ||
| Q4 24 | $29.8M | $241.0M | ||
| Q3 24 | $22.1M | $205.8M | ||
| Q2 24 | $48.4M | $271.8M |
| Q1 26 | $118.4M | — | ||
| Q4 25 | $116.6M | $973.9M | ||
| Q3 25 | $109.3M | $958.9M | ||
| Q2 25 | $105.2M | $949.8M | ||
| Q1 25 | $95.6M | $920.9M | ||
| Q4 24 | $90.6M | $854.7M | ||
| Q3 24 | $87.7M | $829.4M | ||
| Q2 24 | $79.8M | $703.4M |
| Q1 26 | $458.8M | — | ||
| Q4 25 | $460.2M | $1.2B | ||
| Q3 25 | $376.1M | $1.2B | ||
| Q2 25 | $420.7M | $1.1B | ||
| Q1 25 | $370.1M | $1.1B | ||
| Q4 24 | $469.2M | $1.0B | ||
| Q3 24 | $371.9M | $1.0B | ||
| Q2 24 | $302.8M | $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 | $-11.9M | $45.9M | ||
| Q3 25 | $22.2M | $60.6M | ||
| Q2 25 | $-2.2M | $32.3M | ||
| Q1 25 | $8.5M | $40.0M | ||
| Q4 24 | $16.0M | $40.6M | ||
| Q3 24 | $-3.6M | $53.3M | ||
| Q2 24 | $7.3M | $29.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $38.2M | ||
| Q3 25 | — | $54.6M | ||
| Q2 25 | — | $25.7M | ||
| Q1 25 | — | $33.8M | ||
| Q4 24 | — | $34.3M | ||
| Q3 24 | — | $48.1M | ||
| Q2 24 | — | $24.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 20.1% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | -1.70× | 1.78× | ||
| Q3 25 | 4.73× | 2.37× | ||
| Q2 25 | -0.37× | 1.64× | ||
| Q1 25 | 2.30× | 1.80× | ||
| Q4 24 | 2.29× | 2.31× | ||
| Q3 24 | -0.66× | 2.27× | ||
| Q2 24 | 2.13× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLMB
Segment breakdown not available.
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
