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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.
Commerce.com, Inc. is the larger business by last-quarter revenue ($89.5M vs $62.0M, roughly 1.4× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -9.3%, a 40.7% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 2.9%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $-2.2M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% 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.
Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.
CMRC vs MPB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $62.0M |
| Net Profit | $-8.4M | $19.4M |
| Gross Margin | 78.3% | — |
| Operating Margin | -7.4% | 43.6% |
| Net Margin | -9.3% | 31.4% |
| Revenue YoY | 2.9% | 30.8% |
| Net Profit YoY | -250.0% | 47.0% |
| EPS (diluted) | $-0.11 | $0.83 |
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 | $62.0M | ||
| Q3 25 | $86.0M | $61.8M | ||
| Q2 25 | $84.4M | $54.3M | ||
| Q1 25 | $82.4M | $47.7M | ||
| Q4 24 | $87.0M | $47.4M | ||
| Q3 24 | $83.7M | $45.3M | ||
| Q2 24 | $81.8M | $44.1M | ||
| Q1 24 | $80.4M | $42.3M |
| Q4 25 | $-8.4M | $19.4M | ||
| Q3 25 | $-2.2M | $18.3M | ||
| Q2 25 | $-8.4M | $4.8M | ||
| Q1 25 | $-353.0K | $13.7M | ||
| Q4 24 | $-2.4M | $13.2M | ||
| Q3 24 | $-7.0M | $12.3M | ||
| Q2 24 | $-11.3M | $11.8M | ||
| Q1 24 | $-6.4M | $12.1M |
| 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% | 43.6% | ||
| Q3 25 | -0.5% | 39.3% | ||
| Q2 25 | -8.0% | 7.9% | ||
| Q1 25 | -2.9% | 35.2% | ||
| Q4 24 | -0.9% | 34.1% | ||
| Q3 24 | -23.0% | 32.8% | ||
| Q2 24 | -16.5% | 32.4% | ||
| Q1 24 | -10.2% | 34.8% |
| Q4 25 | -9.3% | 31.4% | ||
| Q3 25 | -2.6% | 29.6% | ||
| Q2 25 | -9.9% | 8.8% | ||
| Q1 25 | -0.4% | 28.8% | ||
| Q4 24 | -2.7% | 27.9% | ||
| Q3 24 | -8.4% | 27.1% | ||
| Q2 24 | -13.8% | 26.7% | ||
| Q1 24 | -8.0% | 28.7% |
| Q4 25 | $-0.11 | $0.83 | ||
| Q3 25 | $-0.03 | $0.79 | ||
| Q2 25 | $-0.10 | $0.22 | ||
| Q1 25 | $0.00 | $0.71 | ||
| Q4 24 | $-0.03 | $0.72 | ||
| Q3 24 | $-0.09 | $0.74 | ||
| Q2 24 | $-0.15 | $0.71 | ||
| Q1 24 | $-0.08 | $0.73 |
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 | $814.1M |
| Total Assets | $308.8M | $6.1B |
| 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 | $814.1M | ||
| Q3 25 | $42.8M | $796.3M | ||
| Q2 25 | $38.8M | $775.7M | ||
| Q1 25 | $38.1M | $667.9M | ||
| Q4 24 | $33.4M | $655.0M | ||
| Q3 24 | $29.0M | $573.1M | ||
| Q2 24 | $26.1M | $559.7M | ||
| Q1 24 | $26.9M | $551.0M |
| Q4 25 | $308.8M | $6.1B | ||
| Q3 25 | $309.5M | $6.3B | ||
| Q2 25 | $302.5M | $6.4B | ||
| Q1 25 | $286.3M | $5.5B | ||
| Q4 24 | $340.3M | $5.5B | ||
| Q3 24 | $335.1M | $5.5B | ||
| Q2 24 | $452.5M | $5.4B | ||
| Q1 24 | $442.5M | $5.3B |
| 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 | $80.0M |
| Free Cash FlowOCF − Capex | $-2.2M | $71.8M |
| FCF MarginFCF / Revenue | -2.4% | 115.8% |
| Capex IntensityCapex / Revenue | 3.5% | 13.3% |
| Cash ConversionOCF / Net Profit | — | 4.12× |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | $132.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | $80.0M | ||
| Q3 25 | $10.6M | $26.3M | ||
| Q2 25 | $13.6M | $29.0M | ||
| Q1 25 | $401.0K | $11.5M | ||
| Q4 24 | $12.4M | $51.4M | ||
| Q3 24 | $5.6M | $16.9M | ||
| Q2 24 | $11.7M | $18.0M | ||
| Q1 24 | $-3.4M | $12.4M |
| Q4 25 | $-2.2M | $71.8M | ||
| Q3 25 | $7.6M | $24.3M | ||
| Q2 25 | $11.9M | $27.2M | ||
| Q1 25 | $-424.0K | $8.8M | ||
| Q4 24 | $11.6M | $44.5M | ||
| Q3 24 | $4.5M | $16.8M | ||
| Q2 24 | $10.7M | $17.7M | ||
| Q1 24 | $-4.2M | $12.1M |
| Q4 25 | -2.4% | 115.8% | ||
| Q3 25 | 8.8% | 39.4% | ||
| Q2 25 | 14.1% | 50.1% | ||
| Q1 25 | -0.5% | 18.4% | ||
| Q4 24 | 13.3% | 93.8% | ||
| Q3 24 | 5.4% | 37.1% | ||
| Q2 24 | 13.0% | 40.2% | ||
| Q1 24 | -5.3% | 28.5% |
| Q4 25 | 3.5% | 13.3% | ||
| Q3 25 | 3.4% | 3.1% | ||
| Q2 25 | 2.0% | 3.2% | ||
| Q1 25 | 1.0% | 5.7% | ||
| Q4 24 | 0.9% | 14.6% | ||
| Q3 24 | 1.3% | 0.0% | ||
| Q2 24 | 1.3% | 0.7% | ||
| Q1 24 | 1.0% | 0.8% |
| Q4 25 | — | 4.12× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 6.08× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | — | 1.53× | ||
| Q1 24 | — | 1.02× |
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% |
MPB
Segment breakdown not available.
