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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and PROCEPT BioRobotics Corp (PRCT). Click either name above to swap in a different company.
Commerce.com, Inc. is the larger business by last-quarter revenue ($89.5M vs $83.1M, roughly 1.1× PROCEPT BioRobotics Corp). Commerce.com, Inc. runs the higher net margin — -9.3% vs -38.1%, a 28.7% gap on every dollar of revenue. On growth, PROCEPT BioRobotics Corp posted the faster year-over-year revenue change (20.2% vs 2.9%). Over the past eight quarters, PROCEPT BioRobotics Corp's revenue compounded faster (24.8% 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.
PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.
CMRC vs PRCT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $83.1M |
| Net Profit | $-8.4M | $-31.6M |
| Gross Margin | 78.3% | 64.9% |
| Operating Margin | -7.4% | -4.1% |
| Net Margin | -9.3% | -38.1% |
| Revenue YoY | 2.9% | 20.2% |
| Net Profit YoY | -250.0% | -27.9% |
| EPS (diluted) | $-0.11 | $-0.56 |
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.
| Q1 26 | — | $83.1M | ||
| Q4 25 | $89.5M | $76.4M | ||
| Q3 25 | $86.0M | $83.3M | ||
| Q2 25 | $84.4M | $79.2M | ||
| Q1 25 | $82.4M | $69.2M | ||
| Q4 24 | $87.0M | $68.2M | ||
| Q3 24 | $83.7M | $58.4M | ||
| Q2 24 | $81.8M | $53.4M |
| Q1 26 | — | $-31.6M | ||
| Q4 25 | $-8.4M | $-29.8M | ||
| Q3 25 | $-2.2M | $-21.4M | ||
| Q2 25 | $-8.4M | $-19.6M | ||
| Q1 25 | $-353.0K | $-24.7M | ||
| Q4 24 | $-2.4M | $-18.9M | ||
| Q3 24 | $-7.0M | $-21.0M | ||
| Q2 24 | $-11.3M | $-25.6M |
| Q1 26 | — | 64.9% | ||
| Q4 25 | 78.3% | 60.6% | ||
| Q3 25 | 78.4% | 64.8% | ||
| Q2 25 | 79.0% | 65.4% | ||
| Q1 25 | 79.4% | 63.9% | ||
| Q4 24 | 77.6% | 64.0% | ||
| Q3 24 | 76.3% | 63.2% | ||
| Q2 24 | 75.8% | 59.0% |
| Q1 26 | — | -4.1% | ||
| Q4 25 | -7.4% | -40.6% | ||
| Q3 25 | -0.5% | -27.8% | ||
| Q2 25 | -8.0% | -28.0% | ||
| Q1 25 | -2.9% | -39.7% | ||
| Q4 24 | -0.9% | -28.9% | ||
| Q3 24 | -23.0% | -38.4% | ||
| Q2 24 | -16.5% | -50.3% |
| Q1 26 | — | -38.1% | ||
| Q4 25 | -9.3% | -39.1% | ||
| Q3 25 | -2.6% | -25.7% | ||
| Q2 25 | -9.9% | -24.7% | ||
| Q1 25 | -0.4% | -35.8% | ||
| Q4 24 | -2.7% | -27.6% | ||
| Q3 24 | -8.4% | -35.9% | ||
| Q2 24 | -13.8% | -48.0% |
| Q1 26 | — | $-0.56 | ||
| Q4 25 | $-0.11 | $-0.54 | ||
| Q3 25 | $-0.03 | $-0.38 | ||
| Q2 25 | $-0.10 | $-0.35 | ||
| Q1 25 | $0.00 | $-0.45 | ||
| Q4 24 | $-0.03 | $-0.34 | ||
| Q3 24 | $-0.09 | $-0.40 | ||
| Q2 24 | $-0.15 | $-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 | $245.6M |
| Total DebtLower is stronger | $157.0M | $51.7M |
| Stockholders' EquityBook value | $39.4M | $347.7M |
| Total Assets | $308.8M | $487.1M |
| Debt / EquityLower = less leverage | 3.99× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $245.6M | ||
| Q4 25 | $141.1M | $286.5M | ||
| Q3 25 | $142.0M | $294.3M | ||
| Q2 25 | $134.5M | $302.7M | ||
| Q1 25 | $120.7M | $316.2M | ||
| Q4 24 | $178.2M | $333.7M | ||
| Q3 24 | $168.4M | $196.8M | ||
| Q2 24 | $275.8M | $214.1M |
| Q1 26 | — | $51.7M | ||
| Q4 25 | $157.0M | $51.6M | ||
| Q3 25 | $157.3M | $51.6M | ||
| Q2 25 | $157.5M | $51.5M | ||
| Q1 25 | $157.8M | $51.5M | ||
| Q4 24 | $216.5M | $51.5M | ||
| Q3 24 | — | $51.4M | ||
| Q2 24 | $340.9M | $51.4M |
| Q1 26 | — | $347.7M | ||
| Q4 25 | $39.4M | $365.9M | ||
| Q3 25 | $42.8M | $380.3M | ||
| Q2 25 | $38.8M | $385.8M | ||
| Q1 25 | $38.1M | $389.2M | ||
| Q4 24 | $33.4M | $402.2M | ||
| Q3 24 | $29.0M | $241.2M | ||
| Q2 24 | $26.1M | $251.8M |
| Q1 26 | — | $487.1M | ||
| Q4 25 | $308.8M | $508.1M | ||
| Q3 25 | $309.5M | $511.5M | ||
| Q2 25 | $302.5M | $513.1M | ||
| Q1 25 | $286.3M | $519.4M | ||
| Q4 24 | $340.3M | $534.0M | ||
| Q3 24 | $335.1M | $374.1M | ||
| Q2 24 | $452.5M | $374.4M |
| Q1 26 | — | 0.15× | ||
| Q4 25 | 3.99× | 0.14× | ||
| Q3 25 | 3.67× | 0.14× | ||
| Q2 25 | 4.06× | 0.13× | ||
| Q1 25 | 4.14× | 0.13× | ||
| Q4 24 | 6.49× | 0.13× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | 13.06× | 0.20× |
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 | — |
| Free Cash FlowOCF − Capex | $-2.2M | — |
| FCF MarginFCF / Revenue | -2.4% | — |
| Capex IntensityCapex / Revenue | 3.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $980.0K | $-10.3M | ||
| Q3 25 | $10.6M | $-6.6M | ||
| Q2 25 | $13.6M | $-15.0M | ||
| Q1 25 | $401.0K | $-17.0M | ||
| Q4 24 | $12.4M | $-32.4M | ||
| Q3 24 | $5.6M | $-18.8M | ||
| Q2 24 | $11.7M | $-15.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.2M | $-12.2M | ||
| Q3 25 | $7.6M | $-9.5M | ||
| Q2 25 | $11.9M | $-17.8M | ||
| Q1 25 | $-424.0K | $-18.8M | ||
| Q4 24 | $11.6M | $-33.6M | ||
| Q3 24 | $4.5M | $-19.0M | ||
| Q2 24 | $10.7M | $-16.8M |
| Q1 26 | — | — | ||
| Q4 25 | -2.4% | -15.9% | ||
| Q3 25 | 8.8% | -11.4% | ||
| Q2 25 | 14.1% | -22.5% | ||
| Q1 25 | -0.5% | -27.2% | ||
| Q4 24 | 13.3% | -49.2% | ||
| Q3 24 | 5.4% | -32.6% | ||
| Q2 24 | 13.0% | -31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 2.4% | ||
| Q3 25 | 3.4% | 3.4% | ||
| Q2 25 | 2.0% | 3.5% | ||
| Q1 25 | 1.0% | 2.7% | ||
| Q4 24 | 0.9% | 1.7% | ||
| Q3 24 | 1.3% | 0.4% | ||
| Q2 24 | 1.3% | 2.0% |
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% |
PRCT
| Handpieces and other consumables | $43.0M | 52% |
| System sales and rentals | $23.4M | 28% |
| Other | $11.1M | 13% |
| Service | $5.6M | 7% |
