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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and MEDALLION FINANCIAL CORP (MFIN). Click either name above to swap in a different company.
Commerce.com, Inc. is the larger business by last-quarter revenue ($89.5M vs $70.6M, roughly 1.3× MEDALLION FINANCIAL CORP). MEDALLION FINANCIAL CORP runs the higher net margin — 17.3% vs -9.3%, a 26.6% gap on every dollar of revenue. On growth, MEDALLION FINANCIAL CORP posted the faster year-over-year revenue change (25.4% vs 2.9%). Over the past eight quarters, MEDALLION FINANCIAL CORP's revenue compounded faster (15.0% 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.
Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.
CMRC vs MFIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $70.6M |
| Net Profit | $-8.4M | $12.2M |
| Gross Margin | 78.3% | — |
| Operating Margin | -7.4% | 29.3% |
| Net Margin | -9.3% | 17.3% |
| Revenue YoY | 2.9% | 25.4% |
| Net Profit YoY | -250.0% | 20.3% |
| EPS (diluted) | $-0.11 | $0.50 |
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 | $70.6M | ||
| Q3 25 | $86.0M | $58.7M | ||
| Q2 25 | $84.4M | $62.6M | ||
| Q1 25 | $82.4M | $63.0M | ||
| Q4 24 | $87.0M | $56.3M | ||
| Q3 24 | $83.7M | $53.3M | ||
| Q2 24 | $81.8M | $51.0M | ||
| Q1 24 | $80.4M | $53.3M |
| Q4 25 | $-8.4M | $12.2M | ||
| Q3 25 | $-2.2M | $7.8M | ||
| Q2 25 | $-8.4M | $11.1M | ||
| Q1 25 | $-353.0K | $12.0M | ||
| Q4 24 | $-2.4M | $10.1M | ||
| Q3 24 | $-7.0M | $8.6M | ||
| Q2 24 | $-11.3M | $7.1M | ||
| Q1 24 | $-6.4M | $10.0M |
| 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% | 29.3% | ||
| Q3 25 | -0.5% | 33.2% | ||
| Q2 25 | -8.0% | 31.1% | ||
| Q1 25 | -2.9% | 32.1% | ||
| Q4 24 | -0.9% | 32.8% | ||
| Q3 24 | -23.0% | 26.6% | ||
| Q2 24 | -16.5% | 24.3% | ||
| Q1 24 | -10.2% | 33.6% |
| Q4 25 | -9.3% | 17.3% | ||
| Q3 25 | -2.6% | 13.2% | ||
| Q2 25 | -9.9% | 17.7% | ||
| Q1 25 | -0.4% | 19.1% | ||
| Q4 24 | -2.7% | 18.0% | ||
| Q3 24 | -8.4% | 16.1% | ||
| Q2 24 | -13.8% | 13.9% | ||
| Q1 24 | -8.0% | 18.8% |
| Q4 25 | $-0.11 | $0.50 | ||
| Q3 25 | $-0.03 | $0.32 | ||
| Q2 25 | $-0.10 | $0.46 | ||
| Q1 25 | $0.00 | $0.50 | ||
| Q4 24 | $-0.03 | $0.43 | ||
| Q3 24 | $-0.09 | $0.37 | ||
| Q2 24 | $-0.15 | $0.30 | ||
| Q1 24 | $-0.08 | $0.42 |
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 | $136.3M |
| Total DebtLower is stronger | $157.0M | $216.0M |
| Stockholders' EquityBook value | $39.4M | $408.6M |
| Total Assets | $308.8M | $3.0B |
| Debt / EquityLower = less leverage | 3.99× | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $136.3M | ||
| Q3 25 | $142.0M | $72.5M | ||
| Q2 25 | $134.5M | $110.4M | ||
| Q1 25 | $120.7M | $131.5M | ||
| Q4 24 | $178.2M | $98.2M | ||
| Q3 24 | $168.4M | $120.6M | ||
| Q2 24 | $275.8M | $87.7M | ||
| Q1 24 | $265.2M | $54.8M |
| Q4 25 | $157.0M | $216.0M | ||
| Q3 25 | $157.3M | $215.7M | ||
| Q2 25 | $157.5M | $199.9M | ||
| Q1 25 | $157.8M | $199.7M | ||
| Q4 24 | $216.5M | $232.2M | ||
| Q3 24 | — | $232.0M | ||
| Q2 24 | $340.9M | $230.8M | ||
| Q1 24 | $340.5M | $225.6M |
| Q4 25 | $39.4M | $408.6M | ||
| Q3 25 | $42.8M | $397.4M | ||
| Q2 25 | $38.8M | $389.9M | ||
| Q1 25 | $38.1M | $380.2M | ||
| Q4 24 | $33.4M | $370.2M | ||
| Q3 24 | $29.0M | $362.4M | ||
| Q2 24 | $26.1M | $354.0M | ||
| Q1 24 | $26.9M | $349.0M |
| Q4 25 | $308.8M | $3.0B | ||
| Q3 25 | $309.5M | $2.9B | ||
| Q2 25 | $302.5M | $2.9B | ||
| Q1 25 | $286.3M | $2.8B | ||
| Q4 24 | $340.3M | $2.9B | ||
| Q3 24 | $335.1M | $2.9B | ||
| Q2 24 | $452.5M | $2.8B | ||
| Q1 24 | $442.5M | $2.6B |
| Q4 25 | 3.99× | 0.53× | ||
| Q3 25 | 3.67× | 0.54× | ||
| Q2 25 | 4.06× | 0.51× | ||
| Q1 25 | 4.14× | 0.53× | ||
| Q4 24 | 6.49× | 0.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | 13.06× | 0.65× | ||
| Q1 24 | 12.65× | 0.65× |
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 | $126.3M |
| Free Cash FlowOCF − Capex | $-2.2M | — |
| FCF MarginFCF / Revenue | -2.4% | — |
| Capex IntensityCapex / Revenue | 3.5% | — |
| Cash ConversionOCF / Net Profit | — | 10.35× |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | $126.3M | ||
| Q3 25 | $10.6M | $67.0M | ||
| Q2 25 | $13.6M | $-10.7M | ||
| Q1 25 | $401.0K | $36.3M | ||
| Q4 24 | $12.4M | $108.7M | ||
| Q3 24 | $5.6M | $24.6M | ||
| Q2 24 | $11.7M | $27.6M | ||
| Q1 24 | $-3.4M | $32.3M |
| 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 | — | 10.35× | ||
| Q3 25 | — | 8.63× | ||
| Q2 25 | — | -0.97× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | — | 10.72× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 3.89× | ||
| Q1 24 | — | 3.22× |
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% |
MFIN
Segment breakdown not available.
