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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and OPKO HEALTH, INC. (OPK). Click either name above to swap in a different company.
OPKO HEALTH, INC. is the larger business by last-quarter revenue ($148.5M vs $89.5M, roughly 1.7× Commerce.com, Inc.). Commerce.com, Inc. runs the higher net margin — -9.3% vs -21.1%, a 11.7% gap on every dollar of revenue. On growth, Commerce.com, Inc. posted the faster year-over-year revenue change (2.9% vs -19.2%). Commerce.com, Inc. produced more free cash flow last quarter ($-2.2M vs $-28.6M). Over the past eight quarters, Commerce.com, Inc.'s revenue compounded faster (5.5% CAGR vs -7.5%).
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.
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
CMRC vs OPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $148.5M |
| Net Profit | $-8.4M | $-31.3M |
| Gross Margin | 78.3% | 43.1% |
| Operating Margin | -7.4% | -25.8% |
| Net Margin | -9.3% | -21.1% |
| Revenue YoY | 2.9% | -19.2% |
| Net Profit YoY | -250.0% | -322.8% |
| EPS (diluted) | $-0.11 | $-0.04 |
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 | $148.5M | ||
| Q3 25 | $86.0M | $151.7M | ||
| Q2 25 | $84.4M | $156.8M | ||
| Q1 25 | $82.4M | $150.0M | ||
| Q4 24 | $87.0M | $183.6M | ||
| Q3 24 | $83.7M | $173.6M | ||
| Q2 24 | $81.8M | $182.2M | ||
| Q1 24 | $80.4M | $173.7M |
| Q4 25 | $-8.4M | $-31.3M | ||
| Q3 25 | $-2.2M | $21.6M | ||
| Q2 25 | $-8.4M | $-148.4M | ||
| Q1 25 | $-353.0K | $-67.6M | ||
| Q4 24 | $-2.4M | $14.0M | ||
| Q3 24 | $-7.0M | $24.9M | ||
| Q2 24 | $-11.3M | $-10.3M | ||
| Q1 24 | $-6.4M | $-81.8M |
| Q4 25 | 78.3% | 43.1% | ||
| Q3 25 | 78.4% | 32.9% | ||
| Q2 25 | 79.0% | 31.5% | ||
| Q1 25 | 79.4% | 28.4% | ||
| Q4 24 | 77.6% | 46.1% | ||
| Q3 24 | 76.3% | 23.1% | ||
| Q2 24 | 75.8% | 28.4% | ||
| Q1 24 | 77.1% | 24.2% |
| Q4 25 | -7.4% | -25.8% | ||
| Q3 25 | -0.5% | 31.7% | ||
| Q2 25 | -8.0% | -38.3% | ||
| Q1 25 | -2.9% | -44.8% | ||
| Q4 24 | -0.9% | -18.0% | ||
| Q3 24 | -23.0% | 8.2% | ||
| Q2 24 | -16.5% | -33.9% | ||
| Q1 24 | -10.2% | -41.2% |
| Q4 25 | -9.3% | -21.1% | ||
| Q3 25 | -2.6% | 14.3% | ||
| Q2 25 | -9.9% | -94.7% | ||
| Q1 25 | -0.4% | -45.1% | ||
| Q4 24 | -2.7% | 7.6% | ||
| Q3 24 | -8.4% | 14.3% | ||
| Q2 24 | -13.8% | -5.7% | ||
| Q1 24 | -8.0% | -47.1% |
| Q4 25 | $-0.11 | $-0.04 | ||
| Q3 25 | $-0.03 | $0.03 | ||
| Q2 25 | $-0.10 | $-0.19 | ||
| Q1 25 | $0.00 | $-0.10 | ||
| Q4 24 | $-0.03 | $0.02 | ||
| Q3 24 | $-0.09 | $0.03 | ||
| Q2 24 | $-0.15 | $-0.01 | ||
| Q1 24 | $-0.08 | $-0.12 |
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 | $364.4M |
| Total DebtLower is stronger | $157.0M | $344.0M |
| Stockholders' EquityBook value | $39.4M | $1.3B |
| Total Assets | $308.8M | $1.9B |
| Debt / EquityLower = less leverage | 3.99× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $364.4M | ||
| Q3 25 | $142.0M | $412.0M | ||
| Q2 25 | $134.5M | $267.3M | ||
| Q1 25 | $120.7M | $428.8M | ||
| Q4 24 | $178.2M | $426.6M | ||
| Q3 24 | $168.4M | $400.1M | ||
| Q2 24 | $275.8M | $40.6M | ||
| Q1 24 | $265.2M | $75.6M |
| Q4 25 | $157.0M | $344.0M | ||
| Q3 25 | $157.3M | $344.2M | ||
| Q2 25 | $157.5M | $343.3M | ||
| Q1 25 | $157.8M | $439.2M | ||
| Q4 24 | $216.5M | $437.2M | ||
| Q3 24 | — | $441.0M | ||
| Q2 24 | $340.9M | $201.9M | ||
| Q1 24 | $340.5M | $350.1M |
| Q4 25 | $39.4M | $1.3B | ||
| Q3 25 | $42.8M | $1.3B | ||
| Q2 25 | $38.8M | $1.3B | ||
| Q1 25 | $38.1M | $1.3B | ||
| Q4 24 | $33.4M | $1.4B | ||
| Q3 24 | $29.0M | $1.4B | ||
| Q2 24 | $26.1M | $1.4B | ||
| Q1 24 | $26.9M | $1.3B |
| Q4 25 | $308.8M | $1.9B | ||
| Q3 25 | $309.5M | $2.0B | ||
| Q2 25 | $302.5M | $2.0B | ||
| Q1 25 | $286.3M | $2.1B | ||
| Q4 24 | $340.3M | $2.2B | ||
| Q3 24 | $335.1M | $2.3B | ||
| Q2 24 | $452.5M | $2.0B | ||
| Q1 24 | $442.5M | $2.0B |
| Q4 25 | 3.99× | 0.27× | ||
| Q3 25 | 3.67× | 0.26× | ||
| Q2 25 | 4.06× | 0.26× | ||
| Q1 25 | 4.14× | 0.33× | ||
| Q4 24 | 6.49× | 0.32× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | 13.06× | 0.14× | ||
| Q1 24 | 12.65× | 0.28× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $-2.2M | $-28.6M |
| FCF MarginFCF / Revenue | -2.4% | -19.3% |
| Capex IntensityCapex / Revenue | 3.5% | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | $-25.9M | ||
| Q3 25 | $10.6M | $-34.6M | ||
| Q2 25 | $13.6M | $-83.4M | ||
| Q1 25 | $401.0K | $-34.6M | ||
| Q4 24 | $12.4M | $-44.4M | ||
| Q3 24 | $5.6M | $-77.1M | ||
| Q2 24 | $11.7M | $-26.4M | ||
| Q1 24 | $-3.4M | $-35.6M |
| Q4 25 | $-2.2M | $-28.6M | ||
| Q3 25 | $7.6M | $-37.8M | ||
| Q2 25 | $11.9M | $-86.7M | ||
| Q1 25 | $-424.0K | $-37.7M | ||
| Q4 24 | $11.6M | $-49.8M | ||
| Q3 24 | $4.5M | $-85.0M | ||
| Q2 24 | $10.7M | $-33.7M | ||
| Q1 24 | $-4.2M | $-40.0M |
| Q4 25 | -2.4% | -19.3% | ||
| Q3 25 | 8.8% | -24.9% | ||
| Q2 25 | 14.1% | -55.3% | ||
| Q1 25 | -0.5% | -25.2% | ||
| Q4 24 | 13.3% | -27.1% | ||
| Q3 24 | 5.4% | -49.0% | ||
| Q2 24 | 13.0% | -18.5% | ||
| Q1 24 | -5.3% | -23.0% |
| Q4 25 | 3.5% | 1.8% | ||
| Q3 25 | 3.4% | 2.1% | ||
| Q2 25 | 2.0% | 2.1% | ||
| Q1 25 | 1.0% | 2.1% | ||
| Q4 24 | 0.9% | 2.9% | ||
| Q3 24 | 1.3% | 4.6% | ||
| Q2 24 | 1.3% | 4.0% | ||
| Q1 24 | 1.0% | 2.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | -1.60× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.17× | ||
| Q3 24 | — | -3.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
