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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and STRATASYS LTD. (SSYS). Click either name above to swap in a different company.
STRATASYS LTD. is the larger business by last-quarter revenue ($137.0M vs $89.5M, roughly 1.5× Commerce.com, Inc.). Commerce.com, Inc. runs the higher net margin — -9.3% vs -40.6%, a 31.3% gap on every dollar of revenue. On growth, Commerce.com, Inc. posted the faster year-over-year revenue change (2.9% vs -2.2%). STRATASYS LTD. produced more free cash flow last quarter ($2.5M vs $-2.2M). Over the past eight quarters, Commerce.com, Inc.'s revenue compounded faster (5.5% CAGR vs -7.4%).
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.
Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.
CMRC vs SSYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $137.0M |
| Net Profit | $-8.4M | $-55.6M |
| Gross Margin | 78.3% | 41.0% |
| Operating Margin | -7.4% | -16.6% |
| Net Margin | -9.3% | -40.6% |
| Revenue YoY | 2.9% | -2.2% |
| Net Profit YoY | -250.0% | -109.0% |
| EPS (diluted) | $-0.11 | — |
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 | — | ||
| Q3 25 | $86.0M | $137.0M | ||
| Q2 25 | $84.4M | $138.1M | ||
| Q1 25 | $82.4M | $136.0M | ||
| Q4 24 | $87.0M | — | ||
| Q3 24 | $83.7M | $140.0M | ||
| Q2 24 | $81.8M | $138.0M | ||
| Q1 24 | $80.4M | $144.1M |
| Q4 25 | $-8.4M | — | ||
| Q3 25 | $-2.2M | $-55.6M | ||
| Q2 25 | $-8.4M | $-16.7M | ||
| Q1 25 | $-353.0K | $-13.1M | ||
| Q4 24 | $-2.4M | — | ||
| Q3 24 | $-7.0M | $-26.6M | ||
| Q2 24 | $-11.3M | $-25.7M | ||
| Q1 24 | $-6.4M | $-26.0M |
| Q4 25 | 78.3% | — | ||
| Q3 25 | 78.4% | 41.0% | ||
| Q2 25 | 79.0% | 43.1% | ||
| Q1 25 | 79.4% | 44.3% | ||
| Q4 24 | 77.6% | — | ||
| Q3 24 | 76.3% | 44.8% | ||
| Q2 24 | 75.8% | 43.8% | ||
| Q1 24 | 77.1% | 44.4% |
| Q4 25 | -7.4% | — | ||
| Q3 25 | -0.5% | -16.6% | ||
| Q2 25 | -8.0% | -12.0% | ||
| Q1 25 | -2.9% | -9.1% | ||
| Q4 24 | -0.9% | — | ||
| Q3 24 | -23.0% | -18.2% | ||
| Q2 24 | -16.5% | -18.9% | ||
| Q1 24 | -10.2% | -17.0% |
| Q4 25 | -9.3% | — | ||
| Q3 25 | -2.6% | -40.6% | ||
| Q2 25 | -9.9% | -12.1% | ||
| Q1 25 | -0.4% | -9.6% | ||
| Q4 24 | -2.7% | — | ||
| Q3 24 | -8.4% | -19.0% | ||
| Q2 24 | -13.8% | -18.6% | ||
| Q1 24 | -8.0% | -18.0% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $-0.10 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.09 | — | ||
| Q2 24 | $-0.15 | — | ||
| Q1 24 | $-0.08 | — |
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 | $71.5M |
| Total DebtLower is stronger | $157.0M | — |
| Stockholders' EquityBook value | $39.4M | $852.5M |
| Total Assets | $308.8M | $1.1B |
| Debt / EquityLower = less leverage | 3.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | — | ||
| Q3 25 | $142.0M | $71.5M | ||
| Q2 25 | $134.5M | $71.1M | ||
| Q1 25 | $120.7M | $70.1M | ||
| Q4 24 | $178.2M | — | ||
| Q3 24 | $168.4M | $64.0M | ||
| Q2 24 | $275.8M | $70.9M | ||
| Q1 24 | $265.2M | $91.1M |
| 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 | — | ||
| Q3 25 | $42.8M | $852.5M | ||
| Q2 25 | $38.8M | $902.4M | ||
| Q1 25 | $38.1M | $784.8M | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | $29.0M | $831.8M | ||
| Q2 24 | $26.1M | $850.5M | ||
| Q1 24 | $26.9M | $866.1M |
| Q4 25 | $308.8M | — | ||
| Q3 25 | $309.5M | $1.1B | ||
| Q2 25 | $302.5M | $1.1B | ||
| Q1 25 | $286.3M | $1.0B | ||
| Q4 24 | $340.3M | — | ||
| Q3 24 | $335.1M | $1.1B | ||
| Q2 24 | $452.5M | $1.1B | ||
| Q1 24 | $442.5M | $1.1B |
| 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 | $6.9M |
| Free Cash FlowOCF − Capex | $-2.2M | $2.5M |
| FCF MarginFCF / Revenue | -2.4% | 1.8% |
| Capex IntensityCapex / Revenue | 3.5% | 3.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | $-11.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | — | ||
| Q3 25 | $10.6M | $6.9M | ||
| Q2 25 | $13.6M | $-1.1M | ||
| Q1 25 | $401.0K | $4.5M | ||
| Q4 24 | $12.4M | — | ||
| Q3 24 | $5.6M | $-4.5M | ||
| Q2 24 | $11.7M | $-2.4M | ||
| Q1 24 | $-3.4M | $7.3M |
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $7.6M | $2.5M | ||
| Q2 25 | $11.9M | $-8.4M | ||
| Q1 25 | $-424.0K | $789.0K | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $4.5M | $-6.3M | ||
| Q2 24 | $10.7M | $-4.9M | ||
| Q1 24 | $-4.2M | $5.0M |
| Q4 25 | -2.4% | — | ||
| Q3 25 | 8.8% | 1.8% | ||
| Q2 25 | 14.1% | -6.1% | ||
| Q1 25 | -0.5% | 0.6% | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 5.4% | -4.5% | ||
| Q2 24 | 13.0% | -3.6% | ||
| Q1 24 | -5.3% | 3.5% |
| Q4 25 | 3.5% | — | ||
| Q3 25 | 3.4% | 3.2% | ||
| Q2 25 | 2.0% | 5.3% | ||
| Q1 25 | 1.0% | 2.8% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.3% | 1.3% | ||
| Q2 24 | 1.3% | 1.8% | ||
| Q1 24 | 1.0% | 1.6% |
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% |
SSYS
Segment breakdown not available.
