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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and HANMI FINANCIAL CORP (HAFC). Click either name above to swap in a different company.
Commerce.com, Inc. is the larger business by last-quarter revenue ($89.5M vs $71.2M, roughly 1.3× HANMI FINANCIAL CORP). HANMI FINANCIAL CORP runs the higher net margin — 29.8% vs -9.3%, a 39.2% gap on every dollar of revenue. On growth, HANMI FINANCIAL CORP posted the faster year-over-year revenue change (17.1% vs 2.9%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $-2.2M). Over the past eight quarters, HANMI FINANCIAL CORP's revenue compounded faster (10.4% 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.
Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.
CMRC vs HAFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $71.2M |
| Net Profit | $-8.4M | $21.2M |
| Gross Margin | 78.3% | — |
| Operating Margin | -7.4% | 29.8% |
| Net Margin | -9.3% | 29.8% |
| Revenue YoY | 2.9% | 17.1% |
| Net Profit YoY | -250.0% | 20.0% |
| EPS (diluted) | $-0.11 | $0.70 |
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 | $71.2M | ||
| Q3 25 | $86.0M | $71.0M | ||
| Q2 25 | $84.4M | $65.2M | ||
| Q1 25 | $82.4M | $62.8M | ||
| Q4 24 | $87.0M | $60.8M | ||
| Q3 24 | $83.7M | $58.5M | ||
| Q2 24 | $81.8M | $56.7M | ||
| Q1 24 | $80.4M | $58.4M |
| Q4 25 | $-8.4M | $21.2M | ||
| Q3 25 | $-2.2M | $22.1M | ||
| Q2 25 | $-8.4M | $15.1M | ||
| Q1 25 | $-353.0K | $17.7M | ||
| Q4 24 | $-2.4M | $17.7M | ||
| Q3 24 | $-7.0M | $14.9M | ||
| Q2 24 | $-11.3M | $14.5M | ||
| Q1 24 | $-6.4M | $15.2M |
| 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% | 29.8% | ||
| Q3 25 | -0.5% | 31.1% | ||
| Q2 25 | -8.0% | 23.2% | ||
| Q1 25 | -2.9% | 28.1% | ||
| Q4 24 | -0.9% | 29.1% | ||
| Q3 24 | -23.0% | 25.5% | ||
| Q2 24 | -16.5% | 25.5% | ||
| Q1 24 | -10.2% | 26.0% |
| Q4 25 | -9.3% | 29.8% | ||
| Q3 25 | -2.6% | 31.1% | ||
| Q2 25 | -9.9% | 23.2% | ||
| Q1 25 | -0.4% | 28.1% | ||
| Q4 24 | -2.7% | 29.1% | ||
| Q3 24 | -8.4% | 25.5% | ||
| Q2 24 | -13.8% | 25.5% | ||
| Q1 24 | -8.0% | 26.0% |
| Q4 25 | $-0.11 | $0.70 | ||
| Q3 25 | $-0.03 | $0.73 | ||
| Q2 25 | $-0.10 | $0.50 | ||
| Q1 25 | $0.00 | $0.58 | ||
| Q4 24 | $-0.03 | $0.58 | ||
| Q3 24 | $-0.09 | $0.49 | ||
| Q2 24 | $-0.15 | $0.48 | ||
| Q1 24 | $-0.08 | $0.50 |
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 | — |
| Stockholders' EquityBook value | $39.4M | $796.4M |
| Total Assets | $308.8M | $7.9B |
| Debt / EquityLower = less leverage | 3.99× | — |
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 | — | ||
| Q3 25 | $157.3M | — | ||
| Q2 25 | $157.5M | — | ||
| Q1 25 | $157.8M | — | ||
| Q4 24 | $216.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $340.9M | — | ||
| Q1 24 | $340.5M | — |
| Q4 25 | $39.4M | $796.4M | ||
| Q3 25 | $42.8M | $779.5M | ||
| Q2 25 | $38.8M | $762.8M | ||
| Q1 25 | $38.1M | $751.5M | ||
| Q4 24 | $33.4M | $732.2M | ||
| Q3 24 | $29.0M | $736.7M | ||
| Q2 24 | $26.1M | $707.1M | ||
| Q1 24 | $26.9M | $703.1M |
| Q4 25 | $308.8M | $7.9B | ||
| Q3 25 | $309.5M | $7.9B | ||
| Q2 25 | $302.5M | $7.9B | ||
| Q1 25 | $286.3M | $7.7B | ||
| Q4 24 | $340.3M | $7.7B | ||
| Q3 24 | $335.1M | $7.7B | ||
| Q2 24 | $452.5M | $7.6B | ||
| Q1 24 | $442.5M | $7.5B |
| Q4 25 | 3.99× | — | ||
| Q3 25 | 3.67× | — | ||
| Q2 25 | 4.06× | — | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | 6.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 13.06× | — | ||
| Q1 24 | 12.65× | — |
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 | $206.0M |
| Free Cash FlowOCF − Capex | $-2.2M | $203.7M |
| FCF MarginFCF / Revenue | -2.4% | 286.2% |
| Capex IntensityCapex / Revenue | 3.5% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 9.70× |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | $356.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | $206.0M | ||
| Q3 25 | $10.6M | $146.9M | ||
| Q2 25 | $13.6M | $-19.0M | ||
| Q1 25 | $401.0K | $25.8M | ||
| Q4 24 | $12.4M | $52.6M | ||
| Q3 24 | $5.6M | $6.7M | ||
| Q2 24 | $11.7M | $2.1M | ||
| Q1 24 | $-3.4M | $30.0M |
| Q4 25 | $-2.2M | $203.7M | ||
| Q3 25 | $7.6M | $146.4M | ||
| Q2 25 | $11.9M | $-19.6M | ||
| Q1 25 | $-424.0K | $25.6M | ||
| Q4 24 | $11.6M | $49.9M | ||
| Q3 24 | $4.5M | $6.5M | ||
| Q2 24 | $10.7M | $1.3M | ||
| Q1 24 | $-4.2M | $29.2M |
| Q4 25 | -2.4% | 286.2% | ||
| Q3 25 | 8.8% | 206.3% | ||
| Q2 25 | 14.1% | -30.0% | ||
| Q1 25 | -0.5% | 40.7% | ||
| Q4 24 | 13.3% | 82.1% | ||
| Q3 24 | 5.4% | 11.1% | ||
| Q2 24 | 13.0% | 2.3% | ||
| Q1 24 | -5.3% | 50.0% |
| Q4 25 | 3.5% | 3.2% | ||
| Q3 25 | 3.4% | 0.8% | ||
| Q2 25 | 2.0% | 0.9% | ||
| Q1 25 | 1.0% | 0.4% | ||
| Q4 24 | 0.9% | 4.3% | ||
| Q3 24 | 1.3% | 0.4% | ||
| Q2 24 | 1.3% | 1.4% | ||
| Q1 24 | 1.0% | 1.4% |
| Q4 25 | — | 9.70× | ||
| Q3 25 | — | 6.66× | ||
| Q2 25 | — | -1.26× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 2.97× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 1.98× |
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% |
HAFC
Segment breakdown not available.
