vs
Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.
PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $89.5M, roughly 1.9× Commerce.com, Inc.). PARK NATIONAL CORP runs the higher net margin — 25.3% vs -9.3%, a 34.7% gap on every dollar of revenue. On growth, Commerce.com, Inc. posted the faster year-over-year revenue change (2.9% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $-2.2M). Over the past eight quarters, Commerce.com, Inc.'s revenue compounded faster (5.5% CAGR vs 4.9%).
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.
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
CMRC vs PRK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $168.3M |
| Net Profit | $-8.4M | $42.6M |
| Gross Margin | 78.3% | — |
| Operating Margin | -7.4% | — |
| Net Margin | -9.3% | 25.3% |
| Revenue YoY | 2.9% | 2.2% |
| Net Profit YoY | -250.0% | 10.4% |
| EPS (diluted) | $-0.11 | $2.62 |
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 | $168.3M | ||
| Q3 25 | $86.0M | $169.5M | ||
| Q2 25 | $84.4M | $168.7M | ||
| Q1 25 | $82.4M | $157.9M | ||
| Q4 24 | $87.0M | $164.7M | ||
| Q3 24 | $83.7M | $170.3M | ||
| Q2 24 | $81.8M | $157.7M | ||
| Q1 24 | $80.4M | $152.8M |
| Q4 25 | $-8.4M | $42.6M | ||
| Q3 25 | $-2.2M | $47.2M | ||
| Q2 25 | $-8.4M | $48.1M | ||
| Q1 25 | $-353.0K | $42.2M | ||
| Q4 24 | $-2.4M | $38.6M | ||
| Q3 24 | $-7.0M | $38.2M | ||
| Q2 24 | $-11.3M | $39.4M | ||
| Q1 24 | $-6.4M | $35.2M |
| 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% | — | ||
| Q3 25 | -0.5% | 34.3% | ||
| Q2 25 | -8.0% | 35.2% | ||
| Q1 25 | -2.9% | 32.4% | ||
| Q4 24 | -0.9% | — | ||
| Q3 24 | -23.0% | 27.4% | ||
| Q2 24 | -16.5% | 30.6% | ||
| Q1 24 | -10.2% | 27.8% |
| Q4 25 | -9.3% | 25.3% | ||
| Q3 25 | -2.6% | 27.8% | ||
| Q2 25 | -9.9% | 28.5% | ||
| Q1 25 | -0.4% | 26.7% | ||
| Q4 24 | -2.7% | 23.5% | ||
| Q3 24 | -8.4% | 22.4% | ||
| Q2 24 | -13.8% | 25.0% | ||
| Q1 24 | -8.0% | 23.0% |
| Q4 25 | $-0.11 | $2.62 | ||
| Q3 25 | $-0.03 | $2.92 | ||
| Q2 25 | $-0.10 | $2.97 | ||
| Q1 25 | $0.00 | $2.60 | ||
| Q4 24 | $-0.03 | $2.38 | ||
| Q3 24 | $-0.09 | $2.35 | ||
| Q2 24 | $-0.15 | $2.42 | ||
| Q1 24 | $-0.08 | $2.17 |
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 | $233.5M |
| Total DebtLower is stronger | $157.0M | — |
| Stockholders' EquityBook value | $39.4M | $1.4B |
| Total Assets | $308.8M | $9.8B |
| Debt / EquityLower = less leverage | 3.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $233.5M | ||
| Q3 25 | $142.0M | $218.9M | ||
| Q2 25 | $134.5M | $193.1M | ||
| Q1 25 | $120.7M | $237.6M | ||
| Q4 24 | $178.2M | $160.6M | ||
| Q3 24 | $168.4M | $201.7M | ||
| Q2 24 | $275.8M | $261.5M | ||
| Q1 24 | $265.2M | $306.1M |
| 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 | $1.4B | ||
| Q3 25 | $42.8M | $1.3B | ||
| Q2 25 | $38.8M | $1.3B | ||
| Q1 25 | $38.1M | $1.3B | ||
| Q4 24 | $33.4M | $1.2B | ||
| Q3 24 | $29.0M | $1.2B | ||
| Q2 24 | $26.1M | $1.2B | ||
| Q1 24 | $26.9M | $1.2B |
| Q4 25 | $308.8M | $9.8B | ||
| Q3 25 | $309.5M | $9.9B | ||
| Q2 25 | $302.5M | $9.9B | ||
| Q1 25 | $286.3M | $9.9B | ||
| Q4 24 | $340.3M | $9.8B | ||
| Q3 24 | $335.1M | $9.9B | ||
| Q2 24 | $452.5M | $9.9B | ||
| Q1 24 | $442.5M | $9.9B |
| 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 | $198.3M |
| Free Cash FlowOCF − Capex | $-2.2M | $191.9M |
| FCF MarginFCF / Revenue | -2.4% | 114.1% |
| Capex IntensityCapex / Revenue | 3.5% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 4.65× |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | $328.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | $198.3M | ||
| Q3 25 | $10.6M | $52.6M | ||
| Q2 25 | $13.6M | $49.7M | ||
| Q1 25 | $401.0K | $37.9M | ||
| Q4 24 | $12.4M | $178.8M | ||
| Q3 24 | $5.6M | $43.8M | ||
| Q2 24 | $11.7M | $50.9M | ||
| Q1 24 | $-3.4M | $35.0M |
| Q4 25 | $-2.2M | $191.9M | ||
| Q3 25 | $7.6M | $51.1M | ||
| Q2 25 | $11.9M | $48.4M | ||
| Q1 25 | $-424.0K | $36.8M | ||
| Q4 24 | $11.6M | $169.7M | ||
| Q3 24 | $4.5M | $41.7M | ||
| Q2 24 | $10.7M | $49.0M | ||
| Q1 24 | $-4.2M | $31.9M |
| Q4 25 | -2.4% | 114.1% | ||
| Q3 25 | 8.8% | 30.1% | ||
| Q2 25 | 14.1% | 28.7% | ||
| Q1 25 | -0.5% | 23.3% | ||
| Q4 24 | 13.3% | 103.0% | ||
| Q3 24 | 5.4% | 24.5% | ||
| Q2 24 | 13.0% | 31.1% | ||
| Q1 24 | -5.3% | 20.8% |
| Q4 25 | 3.5% | 3.8% | ||
| Q3 25 | 3.4% | 0.9% | ||
| Q2 25 | 2.0% | 0.8% | ||
| Q1 25 | 1.0% | 0.7% | ||
| Q4 24 | 0.9% | 5.6% | ||
| Q3 24 | 1.3% | 1.2% | ||
| Q2 24 | 1.3% | 1.2% | ||
| Q1 24 | 1.0% | 2.1% |
| Q4 25 | — | 4.65× | ||
| Q3 25 | — | 1.11× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 4.63× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | 0.99× |
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% |
PRK
Segment breakdown not available.
