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Side-by-side financial comparison of Citi Trends Inc (CTRN) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
Citi Trends Inc is the larger business by last-quarter revenue ($197.1M vs $192.7M, roughly 1.0× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs -3.5%, a 16.9% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs 10.1%). SPS COMMERCE INC produced more free cash flow last quarter ($38.2M vs $767.0K). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs -4.3%).
Citi Trends, Inc. is an American retail clothing chain selling discounted products targeted primarily at African-American customers.
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.
CTRN vs SPSC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.1M | $192.7M |
| Net Profit | $-6.9M | $25.8M |
| Gross Margin | — | 70.4% |
| Operating Margin | -3.7% | 18.0% |
| Net Margin | -3.5% | 13.4% |
| Revenue YoY | 10.1% | 12.7% |
| Net Profit YoY | 3.6% | 47.2% |
| EPS (diluted) | $-0.86 | $0.69 |
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 | $197.1M | $192.7M | ||
| Q3 25 | $190.8M | $189.9M | ||
| Q2 25 | $201.7M | $187.4M | ||
| Q1 25 | $211.2M | $181.5M | ||
| Q4 24 | $179.1M | $170.9M | ||
| Q3 24 | $176.6M | $163.7M | ||
| Q2 24 | $186.3M | $153.6M | ||
| Q1 24 | $215.2M | $149.6M |
| Q4 25 | $-6.9M | $25.8M | ||
| Q3 25 | $3.8M | $25.6M | ||
| Q2 25 | $871.0K | $19.7M | ||
| Q1 25 | $-14.2M | $22.2M | ||
| Q4 24 | $-7.2M | $17.6M | ||
| Q3 24 | $-18.4M | $23.5M | ||
| Q2 24 | $-3.4M | $18.0M | ||
| Q1 24 | $3.6M | $18.0M |
| Q4 25 | — | 70.4% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 68.1% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 67.5% | ||
| Q3 24 | — | 68.5% | ||
| Q2 24 | — | 66.1% | ||
| Q1 24 | — | 65.6% |
| Q4 25 | -3.7% | 18.0% | ||
| Q3 25 | 1.8% | 16.4% | ||
| Q2 25 | 0.2% | 14.1% | ||
| Q1 25 | 0.6% | 14.3% | ||
| Q4 24 | -4.9% | 14.5% | ||
| Q3 24 | -14.1% | 15.6% | ||
| Q2 24 | -3.7% | 15.1% | ||
| Q1 24 | 1.8% | 10.3% |
| Q4 25 | -3.5% | 13.4% | ||
| Q3 25 | 2.0% | 13.5% | ||
| Q2 25 | 0.4% | 10.5% | ||
| Q1 25 | -6.7% | 12.2% | ||
| Q4 24 | -4.0% | 10.3% | ||
| Q3 24 | -10.4% | 14.3% | ||
| Q2 24 | -1.8% | 11.7% | ||
| Q1 24 | 1.7% | 12.0% |
| Q4 25 | $-0.86 | $0.69 | ||
| Q3 25 | $0.46 | $0.67 | ||
| Q2 25 | $0.11 | $0.52 | ||
| Q1 25 | $-1.70 | $0.58 | ||
| Q4 24 | $-0.86 | $0.46 | ||
| Q3 24 | $-2.21 | $0.62 | ||
| Q2 24 | $-0.42 | $0.48 | ||
| Q1 24 | $0.43 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $107.8M | $973.9M |
| Total Assets | $464.3M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $151.4M | ||
| Q3 25 | — | $133.7M | ||
| Q2 25 | — | $107.6M | ||
| Q1 25 | — | $94.9M | ||
| Q4 24 | — | $241.0M | ||
| Q3 24 | — | $205.8M | ||
| Q2 24 | — | $271.8M | ||
| Q1 24 | — | $290.8M |
| Q4 25 | $107.8M | $973.9M | ||
| Q3 25 | $113.2M | $958.9M | ||
| Q2 25 | $108.6M | $949.8M | ||
| Q1 25 | $113.2M | $920.9M | ||
| Q4 24 | $130.3M | $854.7M | ||
| Q3 24 | $136.6M | $829.4M | ||
| Q2 24 | $154.8M | $703.4M | ||
| Q1 24 | $157.7M | $683.0M |
| Q4 25 | $464.3M | $1.2B | ||
| Q3 25 | $457.4M | $1.2B | ||
| Q2 25 | $437.4M | $1.1B | ||
| Q1 25 | $462.8M | $1.1B | ||
| Q4 24 | $467.1M | $1.0B | ||
| Q3 24 | $506.7M | $1.0B | ||
| Q2 24 | $484.1M | $854.5M | ||
| Q1 24 | $518.7M | $839.8M |
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 | $8.6M | $45.9M |
| Free Cash FlowOCF − Capex | $767.0K | $38.2M |
| FCF MarginFCF / Revenue | 0.4% | 19.8% |
| Capex IntensityCapex / Revenue | 4.0% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $11.9M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.6M | $45.9M | ||
| Q3 25 | $3.9M | $60.6M | ||
| Q2 25 | $-11.0M | $32.3M | ||
| Q1 25 | $28.5M | $40.0M | ||
| Q4 24 | $-18.4M | $40.6M | ||
| Q3 24 | $5.6M | $53.3M | ||
| Q2 24 | $-19.6M | $29.4M | ||
| Q1 24 | $23.3M | $34.1M |
| Q4 25 | $767.0K | $38.2M | ||
| Q3 25 | $-1.7M | $54.6M | ||
| Q2 25 | $-13.1M | $25.7M | ||
| Q1 25 | $26.0M | $33.8M | ||
| Q4 24 | $-20.4M | $34.3M | ||
| Q3 24 | $1.7M | $48.1M | ||
| Q2 24 | $-21.2M | $24.4M | ||
| Q1 24 | $20.0M | $30.5M |
| Q4 25 | 0.4% | 19.8% | ||
| Q3 25 | -0.9% | 28.7% | ||
| Q2 25 | -6.5% | 13.7% | ||
| Q1 25 | 12.3% | 18.6% | ||
| Q4 24 | -11.4% | 20.1% | ||
| Q3 24 | 0.9% | 29.4% | ||
| Q2 24 | -11.4% | 15.9% | ||
| Q1 24 | 9.3% | 20.4% |
| Q4 25 | 4.0% | 4.0% | ||
| Q3 25 | 2.9% | 3.2% | ||
| Q2 25 | 1.0% | 3.6% | ||
| Q1 25 | 1.2% | 3.4% | ||
| Q4 24 | 1.1% | 3.6% | ||
| Q3 24 | 2.2% | 3.2% | ||
| Q2 24 | 0.9% | 3.3% | ||
| Q1 24 | 1.5% | 2.4% |
| Q4 25 | — | 1.78× | ||
| Q3 25 | 1.01× | 2.37× | ||
| Q2 25 | -12.59× | 1.64× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.27× | ||
| Q2 24 | — | 1.63× | ||
| Q1 24 | 6.56× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRN
Segment breakdown not available.
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
