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Side-by-side financial comparison of AMICUS THERAPEUTICS, INC. (FOLD) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
SPS COMMERCE INC is the larger business by last-quarter revenue ($192.7M vs $185.2M, roughly 1.0× AMICUS THERAPEUTICS, INC.). SPS COMMERCE INC runs the higher net margin — 13.4% vs 0.9%, a 12.5% gap on every dollar of revenue. On growth, AMICUS THERAPEUTICS, INC. posted the faster year-over-year revenue change (23.7% vs 12.7%). SPS COMMERCE INC produced more free cash flow last quarter ($38.2M vs $16.0M). Over the past eight quarters, AMICUS THERAPEUTICS, INC.'s revenue compounded faster (29.5% CAGR vs 13.5%).
Amicus Therapeutics, Inc. is a public American biopharmaceutical company based in Philadelphia, Pennsylvania. The company went public in 2007 under the Nasdaq trading symbol FOLD. This followed a 2006 planned offering and subsequent withdrawal, which would have established the trading symbol as AMTX Prior to their IPO, Amicus was funded by a variety of venture capital firms including Radius Ventures, Canaan Partners and New Enterprise Associates.
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.
FOLD vs SPSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.2M | $192.7M |
| Net Profit | $1.7M | $25.8M |
| Gross Margin | 85.7% | 70.4% |
| Operating Margin | 8.6% | 18.0% |
| Net Margin | 0.9% | 13.4% |
| Revenue YoY | 23.7% | 12.7% |
| Net Profit YoY | -88.5% | 47.2% |
| EPS (diluted) | $0.00 | $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 | $185.2M | $192.7M | ||
| Q3 25 | $169.1M | $189.9M | ||
| Q2 25 | $154.7M | $187.4M | ||
| Q1 25 | $125.2M | $181.5M | ||
| Q4 24 | $149.7M | $170.9M | ||
| Q3 24 | $141.5M | $163.7M | ||
| Q2 24 | $126.7M | $153.6M | ||
| Q1 24 | $110.4M | $149.6M |
| Q4 25 | $1.7M | $25.8M | ||
| Q3 25 | $17.3M | $25.6M | ||
| Q2 25 | $-24.4M | $19.7M | ||
| Q1 25 | $-21.7M | $22.2M | ||
| Q4 24 | $14.7M | $17.6M | ||
| Q3 24 | $-6.7M | $23.5M | ||
| Q2 24 | $-15.7M | $18.0M | ||
| Q1 24 | $-48.4M | $18.0M |
| Q4 25 | 85.7% | 70.4% | ||
| Q3 25 | 88.5% | 69.5% | ||
| Q2 25 | 90.2% | 68.1% | ||
| Q1 25 | 90.7% | 68.7% | ||
| Q4 24 | 90.1% | 67.5% | ||
| Q3 24 | 90.6% | 68.5% | ||
| Q2 24 | 91.1% | 66.1% | ||
| Q1 24 | 87.7% | 65.6% |
| Q4 25 | 8.6% | 18.0% | ||
| Q3 25 | 20.3% | 16.4% | ||
| Q2 25 | -6.1% | 14.1% | ||
| Q1 25 | -6.3% | 14.3% | ||
| Q4 24 | 10.7% | 14.5% | ||
| Q3 24 | 15.3% | 15.6% | ||
| Q2 24 | 11.8% | 15.1% | ||
| Q1 24 | -25.1% | 10.3% |
| Q4 25 | 0.9% | 13.4% | ||
| Q3 25 | 10.2% | 13.5% | ||
| Q2 25 | -15.8% | 10.5% | ||
| Q1 25 | -17.3% | 12.2% | ||
| Q4 24 | 9.8% | 10.3% | ||
| Q3 24 | -4.8% | 14.3% | ||
| Q2 24 | -12.4% | 11.7% | ||
| Q1 24 | -43.9% | 12.0% |
| Q4 25 | $0.00 | $0.69 | ||
| Q3 25 | $0.06 | $0.67 | ||
| Q2 25 | $-0.08 | $0.52 | ||
| Q1 25 | $-0.07 | $0.58 | ||
| Q4 24 | $0.05 | $0.46 | ||
| Q3 24 | $-0.02 | $0.62 | ||
| Q2 24 | $-0.05 | $0.48 | ||
| Q1 24 | $-0.16 | $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 | $293.5M | $151.4M |
| Total DebtLower is stronger | $392.7M | — |
| Stockholders' EquityBook value | $274.2M | $973.9M |
| Total Assets | $949.9M | $1.2B |
| Debt / EquityLower = less leverage | 1.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $293.5M | $151.4M | ||
| Q3 25 | $263.8M | $133.7M | ||
| Q2 25 | $231.0M | $107.6M | ||
| Q1 25 | $250.6M | $94.9M | ||
| Q4 24 | $249.9M | $241.0M | ||
| Q3 24 | $249.8M | $205.8M | ||
| Q2 24 | $260.1M | $271.8M | ||
| Q1 24 | $239.6M | $290.8M |
| Q4 25 | $392.7M | — | ||
| Q3 25 | $392.0M | — | ||
| Q2 25 | $391.3M | — | ||
| Q1 25 | $390.7M | — | ||
| Q4 24 | $390.1M | — | ||
| Q3 24 | $389.5M | — | ||
| Q2 24 | $388.9M | — | ||
| Q1 24 | $388.4M | — |
| Q4 25 | $274.2M | $973.9M | ||
| Q3 25 | $230.4M | $958.9M | ||
| Q2 25 | $204.3M | $949.8M | ||
| Q1 25 | $193.6M | $920.9M | ||
| Q4 24 | $194.0M | $854.7M | ||
| Q3 24 | $178.8M | $829.4M | ||
| Q2 24 | $132.5M | $703.4M | ||
| Q1 24 | $130.7M | $683.0M |
| Q4 25 | $949.9M | $1.2B | ||
| Q3 25 | $868.8M | $1.2B | ||
| Q2 25 | $815.3M | $1.1B | ||
| Q1 25 | $789.8M | $1.1B | ||
| Q4 24 | $785.0M | $1.0B | ||
| Q3 24 | $786.6M | $1.0B | ||
| Q2 24 | $749.5M | $854.5M | ||
| Q1 24 | $721.8M | $839.8M |
| Q4 25 | 1.43× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.93× | — | ||
| Q1 24 | 2.97× | — |
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 | $16.3M | $45.9M |
| Free Cash FlowOCF − Capex | $16.0M | $38.2M |
| FCF MarginFCF / Revenue | 8.6% | 19.8% |
| Capex IntensityCapex / Revenue | 0.2% | 4.0% |
| Cash ConversionOCF / Net Profit | 9.62× | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $29.8M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.3M | $45.9M | ||
| Q3 25 | $35.7M | $60.6M | ||
| Q2 25 | $-26.5M | $32.3M | ||
| Q1 25 | $7.8M | $40.0M | ||
| Q4 24 | $-3.9M | $40.6M | ||
| Q3 24 | $-23.0M | $53.3M | ||
| Q2 24 | $22.7M | $29.4M | ||
| Q1 24 | $-29.7M | $34.1M |
| Q4 25 | $16.0M | $38.2M | ||
| Q3 25 | $35.3M | $54.6M | ||
| Q2 25 | $-28.9M | $25.7M | ||
| Q1 25 | $7.5M | $33.8M | ||
| Q4 24 | $-4.2M | $34.3M | ||
| Q3 24 | $-23.3M | $48.1M | ||
| Q2 24 | $21.6M | $24.4M | ||
| Q1 24 | $-31.5M | $30.5M |
| Q4 25 | 8.6% | 19.8% | ||
| Q3 25 | 20.9% | 28.7% | ||
| Q2 25 | -18.7% | 13.7% | ||
| Q1 25 | 6.0% | 18.6% | ||
| Q4 24 | -2.8% | 20.1% | ||
| Q3 24 | -16.5% | 29.4% | ||
| Q2 24 | 17.0% | 15.9% | ||
| Q1 24 | -28.5% | 20.4% |
| Q4 25 | 0.2% | 4.0% | ||
| Q3 25 | 0.2% | 3.2% | ||
| Q2 25 | 1.6% | 3.6% | ||
| Q1 25 | 0.2% | 3.4% | ||
| Q4 24 | 0.2% | 3.6% | ||
| Q3 24 | 0.3% | 3.2% | ||
| Q2 24 | 0.9% | 3.3% | ||
| Q1 24 | 1.6% | 2.4% |
| Q4 25 | 9.62× | 1.78× | ||
| Q3 25 | 2.06× | 2.37× | ||
| Q2 25 | — | 1.64× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | -0.27× | 2.31× | ||
| Q3 24 | — | 2.27× | ||
| Q2 24 | — | 1.63× | ||
| Q1 24 | — | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOLD
| Other | $105.8M | 57% |
| Galafold | $64.8M | 35% |
| Pombiliti Opfolda | $14.6M | 8% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
