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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and Commercial Vehicle Group, Inc. (CVGI). Click either name above to swap in a different company.
Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $89.5M, roughly 1.7× Commerce.com, Inc.). On growth, Commerce.com, Inc. posted the faster year-over-year revenue change (2.9% vs -5.2%). Commercial Vehicle Group, Inc. produced more free cash flow last quarter ($8.7M vs $-2.2M). Over the past eight quarters, Commerce.com, Inc.'s revenue compounded faster (5.5% CAGR vs -10.8%).
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.
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
CMRC vs CVGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $154.8M |
| Net Profit | $-8.4M | — |
| Gross Margin | 78.3% | 9.7% |
| Operating Margin | -7.4% | -1.2% |
| Net Margin | -9.3% | — |
| Revenue YoY | 2.9% | -5.2% |
| Net Profit YoY | -250.0% | — |
| EPS (diluted) | $-0.11 | — |
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 | $154.8M | ||
| Q3 25 | $86.0M | $152.5M | ||
| Q2 25 | $84.4M | $172.0M | ||
| Q1 25 | $82.4M | $169.8M | ||
| Q4 24 | $87.0M | $163.3M | ||
| Q3 24 | $83.7M | $171.8M | ||
| Q2 24 | $81.8M | $193.7M | ||
| Q1 24 | $80.4M | $194.6M |
| Q4 25 | $-8.4M | — | ||
| Q3 25 | $-2.2M | $-7.1M | ||
| Q2 25 | $-8.4M | $-4.8M | ||
| Q1 25 | $-353.0K | $-4.3M | ||
| Q4 24 | $-2.4M | — | ||
| Q3 24 | $-7.0M | $9.5M | ||
| Q2 24 | $-11.3M | $-1.6M | ||
| Q1 24 | $-6.4M | $2.9M |
| Q4 25 | 78.3% | 9.7% | ||
| Q3 25 | 78.4% | 10.5% | ||
| Q2 25 | 79.0% | 11.4% | ||
| Q1 25 | 79.4% | 10.5% | ||
| Q4 24 | 77.6% | 8.0% | ||
| Q3 24 | 76.3% | 9.6% | ||
| Q2 24 | 75.8% | 10.6% | ||
| Q1 24 | 77.1% | 11.9% |
| Q4 25 | -7.4% | -1.2% | ||
| Q3 25 | -0.5% | -0.7% | ||
| Q2 25 | -8.0% | 0.5% | ||
| Q1 25 | -2.9% | 0.8% | ||
| Q4 24 | -0.9% | -3.2% | ||
| Q3 24 | -23.0% | -0.6% | ||
| Q2 24 | -16.5% | 0.5% | ||
| Q1 24 | -10.2% | 2.3% |
| Q4 25 | -9.3% | — | ||
| Q3 25 | -2.6% | -4.6% | ||
| Q2 25 | -9.9% | -2.8% | ||
| Q1 25 | -0.4% | -2.5% | ||
| Q4 24 | -2.7% | — | ||
| Q3 24 | -8.4% | 5.5% | ||
| Q2 24 | -13.8% | -0.8% | ||
| Q1 24 | -8.0% | 1.5% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $-0.10 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.09 | — | ||
| Q2 24 | $-0.15 | $-0.05 | ||
| Q1 24 | $-0.08 | $0.09 |
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 | — |
| Total DebtLower is stronger | $157.0M | $104.9M |
| Stockholders' EquityBook value | $39.4M | $133.4M |
| Total Assets | $308.8M | $391.7M |
| Debt / EquityLower = less leverage | 3.99× | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | — | ||
| Q3 25 | $142.0M | — | ||
| Q2 25 | $134.5M | — | ||
| Q1 25 | $120.7M | — | ||
| Q4 24 | $178.2M | — | ||
| Q3 24 | $168.4M | — | ||
| Q2 24 | $275.8M | — | ||
| Q1 24 | $265.2M | — |
| Q4 25 | $157.0M | $104.9M | ||
| Q3 25 | $157.3M | $108.2M | ||
| Q2 25 | $157.5M | $118.2M | ||
| Q1 25 | $157.8M | $117.4M | ||
| Q4 24 | $216.5M | $135.5M | ||
| Q3 24 | — | $128.8M | ||
| Q2 24 | $340.9M | $142.0M | ||
| Q1 24 | $340.5M | $155.7M |
| Q4 25 | $39.4M | $133.4M | ||
| Q3 25 | $42.8M | $136.5M | ||
| Q2 25 | $38.8M | $142.6M | ||
| Q1 25 | $38.1M | $136.7M | ||
| Q4 24 | $33.4M | $135.6M | ||
| Q3 24 | $29.0M | $179.3M | ||
| Q2 24 | $26.1M | $169.6M | ||
| Q1 24 | $26.9M | $175.5M |
| Q4 25 | $308.8M | $391.7M | ||
| Q3 25 | $309.5M | $400.3M | ||
| Q2 25 | $302.5M | $429.8M | ||
| Q1 25 | $286.3M | $419.8M | ||
| Q4 24 | $340.3M | $424.6M | ||
| Q3 24 | $335.1M | $495.3M | ||
| Q2 24 | $452.5M | $503.2M | ||
| Q1 24 | $442.5M | $509.2M |
| Q4 25 | 3.99× | 0.79× | ||
| Q3 25 | 3.67× | 0.79× | ||
| Q2 25 | 4.06× | 0.83× | ||
| Q1 25 | 4.14× | 0.86× | ||
| Q4 24 | 6.49× | 1.00× | ||
| Q3 24 | — | 0.72× | ||
| Q2 24 | 13.06× | 0.84× | ||
| Q1 24 | 12.65× | 0.89× |
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 | $12.3M |
| Free Cash FlowOCF − Capex | $-2.2M | $8.7M |
| FCF MarginFCF / Revenue | -2.4% | 5.6% |
| Capex IntensityCapex / Revenue | 3.5% | 2.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | $34.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | $12.3M | ||
| Q3 25 | $10.6M | $-1.7M | ||
| Q2 25 | $13.6M | $18.9M | ||
| Q1 25 | $401.0K | $15.2M | ||
| Q4 24 | $12.4M | $-26.6M | ||
| Q3 24 | $5.6M | $-17.1M | ||
| Q2 24 | $11.7M | $12.6M | ||
| Q1 24 | $-3.4M | $-2.4M |
| Q4 25 | $-2.2M | $8.7M | ||
| Q3 25 | $7.6M | $-3.5M | ||
| Q2 25 | $11.9M | $17.4M | ||
| Q1 25 | $-424.0K | $11.4M | ||
| Q4 24 | $11.6M | $-30.6M | ||
| Q3 24 | $4.5M | $-20.3M | ||
| Q2 24 | $10.7M | $6.4M | ||
| Q1 24 | $-4.2M | $-7.4M |
| Q4 25 | -2.4% | 5.6% | ||
| Q3 25 | 8.8% | -2.3% | ||
| Q2 25 | 14.1% | 10.1% | ||
| Q1 25 | -0.5% | 6.7% | ||
| Q4 24 | 13.3% | -18.7% | ||
| Q3 24 | 5.4% | -11.8% | ||
| Q2 24 | 13.0% | 3.3% | ||
| Q1 24 | -5.3% | -3.8% |
| Q4 25 | 3.5% | 2.3% | ||
| Q3 25 | 3.4% | 1.2% | ||
| Q2 25 | 2.0% | 0.9% | ||
| Q1 25 | 1.0% | 2.2% | ||
| Q4 24 | 0.9% | 2.4% | ||
| Q3 24 | 1.3% | 1.9% | ||
| Q2 24 | 1.3% | 3.2% | ||
| Q1 24 | 1.0% | 2.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -1.79× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.80× |
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% |
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
