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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and CareTrust REIT, Inc. (CTRE). Click either name above to swap in a different company.
CareTrust REIT, Inc. is the larger business by last-quarter revenue ($134.9M vs $89.5M, roughly 1.5× Commerce.com, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs -9.3%, a 91.9% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs 2.9%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs 5.5%).
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.
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
CMRC vs CTRE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $134.9M |
| Net Profit | $-8.4M | $111.3M |
| Gross Margin | 78.3% | — |
| Operating Margin | -7.4% | — |
| Net Margin | -9.3% | 82.5% |
| Revenue YoY | 2.9% | 55.1% |
| Net Profit YoY | -250.0% | 113.5% |
| EPS (diluted) | $-0.11 | $0.52 |
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 | $89.5M | $134.9M | ||
| Q3 25 | $86.0M | $132.4M | ||
| Q2 25 | $84.4M | $112.5M | ||
| Q1 25 | $82.4M | $96.6M | ||
| Q4 24 | $87.0M | $86.9M | ||
| Q3 24 | $83.7M | $77.4M | ||
| Q2 24 | $81.8M | $68.9M | ||
| Q1 24 | $80.4M | $63.1M |
| Q4 25 | $-8.4M | $111.3M | ||
| Q3 25 | $-2.2M | $74.9M | ||
| Q2 25 | $-8.4M | $68.5M | ||
| Q1 25 | $-353.0K | $65.8M | ||
| Q4 24 | $-2.4M | $52.1M | ||
| Q3 24 | $-7.0M | $33.4M | ||
| Q2 24 | $-11.3M | $10.8M | ||
| Q1 24 | $-6.4M | $28.7M |
| 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% | — | ||
| Q1 24 | 77.1% | — |
| Q4 25 | -7.4% | — | ||
| Q3 25 | -0.5% | 58.1% | ||
| Q2 25 | -8.0% | 61.3% | ||
| Q1 25 | -2.9% | — | ||
| Q4 24 | -0.9% | — | ||
| Q3 24 | -23.0% | 43.0% | ||
| Q2 24 | -16.5% | 15.1% | ||
| Q1 24 | -10.2% | — |
| Q4 25 | -9.3% | 82.5% | ||
| Q3 25 | -2.6% | 56.6% | ||
| Q2 25 | -9.9% | 60.9% | ||
| Q1 25 | -0.4% | 68.1% | ||
| Q4 24 | -2.7% | 60.0% | ||
| Q3 24 | -8.4% | 43.2% | ||
| Q2 24 | -13.8% | 15.6% | ||
| Q1 24 | -8.0% | 45.6% |
| Q4 25 | $-0.11 | $0.52 | ||
| Q3 25 | $-0.03 | $0.35 | ||
| Q2 25 | $-0.10 | $0.35 | ||
| Q1 25 | $0.00 | $0.35 | ||
| Q4 24 | $-0.03 | $0.30 | ||
| Q3 24 | $-0.09 | $0.21 | ||
| Q2 24 | $-0.15 | $0.07 | ||
| Q1 24 | $-0.08 | $0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $141.1M | $198.0M |
| Total DebtLower is stronger | $157.0M | $894.2M |
| Stockholders' EquityBook value | $39.4M | $4.0B |
| Total Assets | $308.8M | $5.1B |
| Debt / EquityLower = less leverage | 3.99× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $198.0M | ||
| Q3 25 | $142.0M | $712.5M | ||
| Q2 25 | $134.5M | $306.1M | ||
| Q1 25 | $120.7M | $26.5M | ||
| Q4 24 | $178.2M | $213.8M | ||
| Q3 24 | $168.4M | $377.1M | ||
| Q2 24 | $275.8M | $495.1M | ||
| Q1 24 | $265.2M | $451.2M |
| Q4 25 | $157.0M | $894.2M | ||
| Q3 25 | $157.3M | $893.8M | ||
| Q2 25 | $157.5M | $1.2B | ||
| Q1 25 | $157.8M | $822.1M | ||
| Q4 24 | $216.5M | $396.9M | ||
| Q3 24 | — | $396.7M | ||
| Q2 24 | $340.9M | $671.1M | ||
| Q1 24 | $340.5M | $595.9M |
| Q4 25 | $39.4M | $4.0B | ||
| Q3 25 | $42.8M | $4.0B | ||
| Q2 25 | $38.8M | $3.3B | ||
| Q1 25 | $38.1M | $2.9B | ||
| Q4 24 | $33.4M | $2.9B | ||
| Q3 24 | $29.0M | $2.4B | ||
| Q2 24 | $26.1M | $1.9B | ||
| Q1 24 | $26.9M | $1.7B |
| Q4 25 | $308.8M | $5.1B | ||
| Q3 25 | $309.5M | $5.1B | ||
| Q2 25 | $302.5M | $4.7B | ||
| Q1 25 | $286.3M | $3.9B | ||
| Q4 24 | $340.3M | $3.4B | ||
| Q3 24 | $335.1M | $2.9B | ||
| Q2 24 | $452.5M | $2.7B | ||
| Q1 24 | $442.5M | $2.3B |
| Q4 25 | 3.99× | 0.22× | ||
| Q3 25 | 3.67× | 0.22× | ||
| Q2 25 | 4.06× | 0.35× | ||
| Q1 25 | 4.14× | 0.28× | ||
| Q4 24 | 6.49× | 0.14× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | 13.06× | 0.35× | ||
| Q1 24 | 12.65× | 0.36× |
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 | $980.0K | $394.0M |
| Free Cash FlowOCF − Capex | $-2.2M | — |
| FCF MarginFCF / Revenue | -2.4% | — |
| Capex IntensityCapex / Revenue | 3.5% | — |
| Cash ConversionOCF / Net Profit | — | 3.54× |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | $394.0M | ||
| Q3 25 | $10.6M | $100.9M | ||
| Q2 25 | $13.6M | $100.8M | ||
| Q1 25 | $401.0K | $71.4M | ||
| Q4 24 | $12.4M | $244.3M | ||
| Q3 24 | $5.6M | $67.2M | ||
| Q2 24 | $11.7M | $53.0M | ||
| Q1 24 | $-3.4M | $48.8M |
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $7.6M | — | ||
| Q2 25 | $11.9M | — | ||
| Q1 25 | $-424.0K | — | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $4.5M | — | ||
| Q2 24 | $10.7M | — | ||
| Q1 24 | $-4.2M | — |
| Q4 25 | -2.4% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | -0.5% | — | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 5.4% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | -5.3% | — |
| Q4 25 | 3.5% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.0% | — |
| Q4 25 | — | 3.54× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | — | 4.68× | ||
| Q3 24 | — | 2.01× | ||
| Q2 24 | — | 4.92× | ||
| Q1 24 | — | 1.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
CTRE
Segment breakdown not available.
