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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and SHORE BANCSHARES INC (SHBI). Click either name above to swap in a different company.
Commerce.com, Inc. is the larger business by last-quarter revenue ($89.5M vs $59.1M, roughly 1.5× SHORE BANCSHARES INC). On growth, SHORE BANCSHARES INC posted the faster year-over-year revenue change (11.8% vs 2.9%). SHORE BANCSHARES INC produced more free cash flow last quarter ($59.2M vs $-2.2M). Over the past eight quarters, SHORE BANCSHARES INC's revenue compounded faster (11.3% 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.
Shore Bancshares Inc. is a U.S. regional bank holding company headquartered in Maryland. It offers a full range of retail and commercial banking services, including deposit products, personal and commercial loans, and wealth management solutions, primarily serving local individual customers, small businesses and mid-sized enterprises in its operating regions.
CMRC vs SHBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $59.1M |
| Net Profit | $-8.4M | — |
| Gross Margin | 78.3% | — |
| Operating Margin | -7.4% | 35.2% |
| Net Margin | -9.3% | — |
| Revenue YoY | 2.9% | 11.8% |
| Net Profit YoY | -250.0% | — |
| EPS (diluted) | $-0.11 | $0.48 |
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 | $59.1M | ||
| Q3 25 | $86.0M | $56.4M | ||
| Q2 25 | $84.4M | $56.6M | ||
| Q1 25 | $82.4M | $53.0M | ||
| Q4 24 | $87.0M | $52.9M | ||
| Q3 24 | $83.7M | $50.5M | ||
| Q2 24 | $81.8M | $50.6M | ||
| Q1 24 | $80.4M | $47.7M |
| Q4 25 | $-8.4M | — | ||
| Q3 25 | $-2.2M | $14.3M | ||
| Q2 25 | $-8.4M | $15.5M | ||
| Q1 25 | $-353.0K | $13.8M | ||
| Q4 24 | $-2.4M | — | ||
| Q3 24 | $-7.0M | $11.2M | ||
| Q2 24 | $-11.3M | $11.2M | ||
| Q1 24 | $-6.4M | $8.2M |
| 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% | 35.2% | ||
| Q3 25 | -0.5% | 33.7% | ||
| Q2 25 | -8.0% | 36.5% | ||
| Q1 25 | -2.9% | 34.4% | ||
| Q4 24 | -0.9% | 34.3% | ||
| Q3 24 | -23.0% | 29.6% | ||
| Q2 24 | -16.5% | 29.7% | ||
| Q1 24 | -10.2% | 22.2% |
| Q4 25 | -9.3% | — | ||
| Q3 25 | -2.6% | 25.5% | ||
| Q2 25 | -9.9% | 27.4% | ||
| Q1 25 | -0.4% | 26.0% | ||
| Q4 24 | -2.7% | — | ||
| Q3 24 | -8.4% | 22.1% | ||
| Q2 24 | -13.8% | 22.2% | ||
| Q1 24 | -8.0% | 17.2% |
| Q4 25 | $-0.11 | $0.48 | ||
| Q3 25 | $-0.03 | $0.43 | ||
| Q2 25 | $-0.10 | $0.46 | ||
| Q1 25 | $0.00 | $0.41 | ||
| Q4 24 | $-0.03 | $0.39 | ||
| Q3 24 | $-0.09 | $0.34 | ||
| Q2 24 | $-0.15 | $0.34 | ||
| Q1 24 | $-0.08 | $0.25 |
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 | $355.6M |
| Total DebtLower is stronger | $157.0M | $89.1M |
| Stockholders' EquityBook value | $39.4M | $589.9M |
| Total Assets | $308.8M | $6.3B |
| Debt / EquityLower = less leverage | 3.99× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $355.6M | ||
| Q3 25 | $142.0M | $416.5M | ||
| Q2 25 | $134.5M | $185.0M | ||
| Q1 25 | $120.7M | $389.0M | ||
| Q4 24 | $178.2M | $459.9M | ||
| Q3 24 | $168.4M | $183.6M | ||
| Q2 24 | $275.8M | $138.9M | ||
| Q1 24 | $265.2M | $114.6M |
| Q4 25 | $157.0M | $89.1M | ||
| Q3 25 | $157.3M | $74.5M | ||
| Q2 25 | $157.5M | $74.2M | ||
| Q1 25 | $157.8M | $74.0M | ||
| Q4 24 | $216.5M | $73.7M | ||
| Q3 24 | — | $123.5M | ||
| Q2 24 | $340.9M | $122.8M | ||
| Q1 24 | $340.5M | $72.6M |
| Q4 25 | $39.4M | $589.9M | ||
| Q3 25 | $42.8M | $577.2M | ||
| Q2 25 | $38.8M | $565.2M | ||
| Q1 25 | $38.1M | $552.5M | ||
| Q4 24 | $33.4M | $541.1M | ||
| Q3 24 | $29.0M | $533.3M | ||
| Q2 24 | $26.1M | $522.8M | ||
| Q1 24 | $26.9M | $515.2M |
| Q4 25 | $308.8M | $6.3B | ||
| Q3 25 | $309.5M | $6.3B | ||
| Q2 25 | $302.5M | $6.0B | ||
| Q1 25 | $286.3M | $6.2B | ||
| Q4 24 | $340.3M | $6.2B | ||
| Q3 24 | $335.1M | $5.9B | ||
| Q2 24 | $452.5M | $5.9B | ||
| Q1 24 | $442.5M | $5.8B |
| Q4 25 | 3.99× | 0.15× | ||
| Q3 25 | 3.67× | 0.13× | ||
| Q2 25 | 4.06× | 0.13× | ||
| Q1 25 | 4.14× | 0.13× | ||
| Q4 24 | 6.49× | 0.14× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | 13.06× | 0.23× | ||
| Q1 24 | 12.65× | 0.14× |
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 | $62.4M |
| Free Cash FlowOCF − Capex | $-2.2M | $59.2M |
| FCF MarginFCF / Revenue | -2.4% | 100.2% |
| Capex IntensityCapex / Revenue | 3.5% | 5.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | $110.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | $62.4M | ||
| Q3 25 | $10.6M | $42.5M | ||
| Q2 25 | $13.6M | $-8.3M | ||
| Q1 25 | $401.0K | $19.8M | ||
| Q4 24 | $12.4M | $46.9M | ||
| Q3 24 | $5.6M | $9.1M | ||
| Q2 24 | $11.7M | $3.0M | ||
| Q1 24 | $-3.4M | $2.4M |
| Q4 25 | $-2.2M | $59.2M | ||
| Q3 25 | $7.6M | $41.9M | ||
| Q2 25 | $11.9M | $-9.2M | ||
| Q1 25 | $-424.0K | $18.8M | ||
| Q4 24 | $11.6M | $41.7M | ||
| Q3 24 | $4.5M | $8.4M | ||
| Q2 24 | $10.7M | $1.4M | ||
| Q1 24 | $-4.2M | $614.0K |
| Q4 25 | -2.4% | 100.2% | ||
| Q3 25 | 8.8% | 74.3% | ||
| Q2 25 | 14.1% | -16.3% | ||
| Q1 25 | -0.5% | 35.4% | ||
| Q4 24 | 13.3% | 78.8% | ||
| Q3 24 | 5.4% | 16.7% | ||
| Q2 24 | 13.0% | 2.9% | ||
| Q1 24 | -5.3% | 1.3% |
| Q4 25 | 3.5% | 5.4% | ||
| Q3 25 | 3.4% | 1.0% | ||
| Q2 25 | 2.0% | 1.6% | ||
| Q1 25 | 1.0% | 1.9% | ||
| Q4 24 | 0.9% | 9.9% | ||
| Q3 24 | 1.3% | 1.2% | ||
| Q2 24 | 1.3% | 3.1% | ||
| Q1 24 | 1.0% | 3.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.96× | ||
| Q2 25 | — | -0.54× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.29× |
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% |
SHBI
Segment breakdown not available.
