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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and California Resources Corp (CRC). Click either name above to swap in a different company.

California Resources Corp is the larger business by last-quarter revenue ($119.0M vs $89.5M, roughly 1.3× Commerce.com, Inc.). Commerce.com, Inc. produced more free cash flow last quarter ($-2.2M vs $-32.0M). Over the past eight quarters, Commerce.com, Inc.'s revenue compounded faster (5.5% CAGR vs -46.3%).

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.

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

CMRC vs CRC — Head-to-Head

Bigger by revenue
CRC
CRC
1.3× larger
CRC
$119.0M
$89.5M
CMRC
More free cash flow
CMRC
CMRC
$29.8M more FCF
CMRC
$-2.2M
$-32.0M
CRC
Faster 2-yr revenue CAGR
CMRC
CMRC
Annualised
CMRC
5.5%
-46.3%
CRC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CMRC
CMRC
CRC
CRC
Revenue
$89.5M
$119.0M
Net Profit
$-8.4M
Gross Margin
78.3%
Operating Margin
-7.4%
-597.5%
Net Margin
-9.3%
Revenue YoY
2.9%
Net Profit YoY
-250.0%
EPS (diluted)
$-0.11
$-8.02

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.

Revenue
CMRC
CMRC
CRC
CRC
Q1 26
$119.0M
Q4 25
$89.5M
$679.0M
Q3 25
$86.0M
$715.0M
Q2 25
$84.4M
$702.0M
Q1 25
$82.4M
$814.0M
Q4 24
$87.0M
$826.0M
Q3 24
$83.7M
$870.0M
Q2 24
$81.8M
$412.0M
Net Profit
CMRC
CMRC
CRC
CRC
Q1 26
Q4 25
$-8.4M
$12.0M
Q3 25
$-2.2M
$64.0M
Q2 25
$-8.4M
$172.0M
Q1 25
$-353.0K
$115.0M
Q4 24
$-2.4M
$33.0M
Q3 24
$-7.0M
$345.0M
Q2 24
$-11.3M
$8.0M
Gross Margin
CMRC
CMRC
CRC
CRC
Q1 26
Q4 25
78.3%
Q3 25
78.4%
Q2 25
79.0%
Q1 25
79.4%
Q4 24
77.6%
Q3 24
76.3%
Q2 24
75.8%
Operating Margin
CMRC
CMRC
CRC
CRC
Q1 26
-597.5%
Q4 25
-7.4%
6.9%
Q3 25
-0.5%
13.7%
Q2 25
-8.0%
38.0%
Q1 25
-2.9%
22.9%
Q4 24
-0.9%
8.2%
Q3 24
-23.0%
59.5%
Q2 24
-16.5%
9.2%
Net Margin
CMRC
CMRC
CRC
CRC
Q1 26
Q4 25
-9.3%
1.8%
Q3 25
-2.6%
9.0%
Q2 25
-9.9%
24.5%
Q1 25
-0.4%
14.1%
Q4 24
-2.7%
4.0%
Q3 24
-8.4%
39.7%
Q2 24
-13.8%
1.9%
EPS (diluted)
CMRC
CMRC
CRC
CRC
Q1 26
$-8.02
Q4 25
$-0.11
$0.21
Q3 25
$-0.03
$0.76
Q2 25
$-0.10
$1.92
Q1 25
$0.00
$1.26
Q4 24
$-0.03
$0.87
Q3 24
$-0.09
$3.78
Q2 24
$-0.15
$0.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMRC
CMRC
CRC
CRC
Cash + ST InvestmentsLiquidity on hand
$141.1M
Total DebtLower is stronger
$157.0M
Stockholders' EquityBook value
$39.4M
$2.9B
Total Assets
$308.8M
Debt / EquityLower = less leverage
3.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMRC
CMRC
CRC
CRC
Q1 26
Q4 25
$141.1M
$132.0M
Q3 25
$142.0M
$196.0M
Q2 25
$134.5M
$72.0M
Q1 25
$120.7M
$214.0M
Q4 24
$178.2M
$372.0M
Q3 24
$168.4M
$241.0M
Q2 24
$275.8M
$1.0B
Total Debt
CMRC
CMRC
CRC
CRC
Q1 26
Q4 25
$157.0M
Q3 25
$157.3M
$1.0B
Q2 25
$157.5M
$1.0B
Q1 25
$157.8M
$1.0B
Q4 24
$216.5M
$1.1B
Q3 24
$1.1B
Q2 24
$340.9M
$1.2B
Stockholders' Equity
CMRC
CMRC
CRC
CRC
Q1 26
$2.9B
Q4 25
$39.4M
$3.7B
Q3 25
$42.8M
$3.4B
Q2 25
$38.8M
$3.4B
Q1 25
$38.1M
$3.5B
Q4 24
$33.4M
$3.5B
Q3 24
$29.0M
$3.5B
Q2 24
$26.1M
$2.1B
Total Assets
CMRC
CMRC
CRC
CRC
Q1 26
Q4 25
$308.8M
$7.4B
Q3 25
$309.5M
$6.8B
Q2 25
$302.5M
$6.7B
Q1 25
$286.3M
$6.8B
Q4 24
$340.3M
$7.1B
Q3 24
$335.1M
$7.1B
Q2 24
$452.5M
$4.5B
Debt / Equity
CMRC
CMRC
CRC
CRC
Q1 26
Q4 25
3.99×
Q3 25
3.67×
0.29×
Q2 25
4.06×
0.30×
Q1 25
4.14×
0.29×
Q4 24
6.49×
0.32×
Q3 24
0.32×
Q2 24
13.06×
0.57×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMRC
CMRC
CRC
CRC
Operating Cash FlowLast quarter
$980.0K
$99.0M
Free Cash FlowOCF − Capex
$-2.2M
$-32.0M
FCF MarginFCF / Revenue
-2.4%
-26.9%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$16.9M
$380.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMRC
CMRC
CRC
CRC
Q1 26
$99.0M
Q4 25
$980.0K
$235.0M
Q3 25
$10.6M
$279.0M
Q2 25
$13.6M
$165.0M
Q1 25
$401.0K
$186.0M
Q4 24
$12.4M
$206.0M
Q3 24
$5.6M
$220.0M
Q2 24
$11.7M
$97.0M
Free Cash Flow
CMRC
CMRC
CRC
CRC
Q1 26
$-32.0M
Q4 25
$-2.2M
$115.0M
Q3 25
$7.6M
$188.0M
Q2 25
$11.9M
$109.0M
Q1 25
$-424.0K
$131.0M
Q4 24
$11.6M
$118.0M
Q3 24
$4.5M
$141.0M
Q2 24
$10.7M
$63.0M
FCF Margin
CMRC
CMRC
CRC
CRC
Q1 26
-26.9%
Q4 25
-2.4%
16.9%
Q3 25
8.8%
26.3%
Q2 25
14.1%
15.5%
Q1 25
-0.5%
16.1%
Q4 24
13.3%
14.3%
Q3 24
5.4%
16.2%
Q2 24
13.0%
15.3%
Capex Intensity
CMRC
CMRC
CRC
CRC
Q1 26
Q4 25
3.5%
17.7%
Q3 25
3.4%
12.7%
Q2 25
2.0%
8.0%
Q1 25
1.0%
6.8%
Q4 24
0.9%
10.7%
Q3 24
1.3%
9.1%
Q2 24
1.3%
8.3%
Cash Conversion
CMRC
CMRC
CRC
CRC
Q1 26
Q4 25
19.58×
Q3 25
4.36×
Q2 25
0.96×
Q1 25
1.62×
Q4 24
6.24×
Q3 24
0.64×
Q2 24
12.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMRC
CMRC

Subscription And Circulation$65.2M73%
Partner And Services$24.4M27%

CRC
CRC

Segment breakdown not available.

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