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Side-by-side financial comparison of GLOBAL INDUSTRIAL Co (GIC) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
GLOBAL INDUSTRIAL Co is the larger business by last-quarter revenue ($345.6M vs $192.7M, roughly 1.8× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs 4.2%, a 9.2% gap on every dollar of revenue. On growth, GLOBAL INDUSTRIAL Co posted the faster year-over-year revenue change (14.3% vs 12.7%). SPS COMMERCE INC produced more free cash flow last quarter ($38.2M vs $19.2M). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs 3.4%).
Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.
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.
GIC vs SPSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $345.6M | $192.7M |
| Net Profit | $14.6M | $25.8M |
| Gross Margin | 34.5% | 70.4% |
| Operating Margin | 5.7% | 18.0% |
| Net Margin | 4.2% | 13.4% |
| Revenue YoY | 14.3% | 12.7% |
| Net Profit YoY | 36.4% | 47.2% |
| EPS (diluted) | $0.37 | $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 | $345.6M | $192.7M | ||
| Q3 25 | $353.6M | $189.9M | ||
| Q2 25 | $358.9M | $187.4M | ||
| Q1 25 | $321.0M | $181.5M | ||
| Q4 24 | $302.3M | $170.9M | ||
| Q3 24 | $342.4M | $163.7M | ||
| Q2 24 | $347.8M | $153.6M | ||
| Q1 24 | $323.4M | $149.6M |
| Q4 25 | $14.6M | $25.8M | ||
| Q3 25 | $18.8M | $25.6M | ||
| Q2 25 | $25.1M | $19.7M | ||
| Q1 25 | $13.6M | $22.2M | ||
| Q4 24 | $10.7M | $17.6M | ||
| Q3 24 | $16.8M | $23.5M | ||
| Q2 24 | $20.3M | $18.0M | ||
| Q1 24 | $13.2M | $18.0M |
| Q4 25 | 34.5% | 70.4% | ||
| Q3 25 | 35.6% | 69.5% | ||
| Q2 25 | 37.1% | 68.1% | ||
| Q1 25 | 34.9% | 68.7% | ||
| Q4 24 | 33.8% | 67.5% | ||
| Q3 24 | 34.0% | 68.5% | ||
| Q2 24 | 35.2% | 66.1% | ||
| Q1 24 | 34.3% | 65.6% |
| Q4 25 | 5.7% | 18.0% | ||
| Q3 25 | 7.4% | 16.4% | ||
| Q2 25 | 9.3% | 14.1% | ||
| Q1 25 | 5.7% | 14.3% | ||
| Q4 24 | 4.8% | 14.5% | ||
| Q3 24 | 6.5% | 15.6% | ||
| Q2 24 | 7.6% | 15.1% | ||
| Q1 24 | 5.4% | 10.3% |
| Q4 25 | 4.2% | 13.4% | ||
| Q3 25 | 5.3% | 13.5% | ||
| Q2 25 | 7.0% | 10.5% | ||
| Q1 25 | 4.2% | 12.2% | ||
| Q4 24 | 3.5% | 10.3% | ||
| Q3 24 | 4.9% | 14.3% | ||
| Q2 24 | 5.8% | 11.7% | ||
| Q1 24 | 4.1% | 12.0% |
| Q4 25 | $0.37 | $0.69 | ||
| Q3 25 | $0.48 | $0.67 | ||
| Q2 25 | $0.65 | $0.52 | ||
| Q1 25 | $0.35 | $0.58 | ||
| Q4 24 | $0.28 | $0.46 | ||
| Q3 24 | $0.44 | $0.62 | ||
| Q2 24 | $0.52 | $0.48 | ||
| Q1 24 | $0.34 | $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 | $67.5M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $313.2M | $973.9M |
| Total Assets | $580.8M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.5M | $151.4M | ||
| Q3 25 | $67.2M | $133.7M | ||
| Q2 25 | $55.1M | $107.6M | ||
| Q1 25 | $39.0M | $94.9M | ||
| Q4 24 | $44.6M | $241.0M | ||
| Q3 24 | $38.9M | $205.8M | ||
| Q2 24 | $38.8M | $271.8M | ||
| Q1 24 | $29.9M | $290.8M |
| Q4 25 | $313.2M | $973.9M | ||
| Q3 25 | $316.0M | $958.9M | ||
| Q2 25 | $305.2M | $949.8M | ||
| Q1 25 | $287.9M | $920.9M | ||
| Q4 24 | $281.1M | $854.7M | ||
| Q3 24 | $279.2M | $829.4M | ||
| Q2 24 | $270.4M | $703.4M | ||
| Q1 24 | $260.2M | $683.0M |
| Q4 25 | $580.8M | $1.2B | ||
| Q3 25 | $602.5M | $1.2B | ||
| Q2 25 | $586.5M | $1.1B | ||
| Q1 25 | $536.7M | $1.1B | ||
| Q4 24 | $520.7M | $1.0B | ||
| Q3 24 | $531.6M | $1.0B | ||
| Q2 24 | $542.5M | $854.5M | ||
| Q1 24 | $517.4M | $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 | $20.0M | $45.9M |
| Free Cash FlowOCF − Capex | $19.2M | $38.2M |
| FCF MarginFCF / Revenue | 5.6% | 19.8% |
| Capex IntensityCapex / Revenue | 0.2% | 4.0% |
| Cash ConversionOCF / Net Profit | 1.37× | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $74.7M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0M | $45.9M | ||
| Q3 25 | $22.7M | $60.6M | ||
| Q2 25 | $31.7M | $32.3M | ||
| Q1 25 | $3.4M | $40.0M | ||
| Q4 24 | $15.9M | $40.6M | ||
| Q3 24 | $9.6M | $53.3M | ||
| Q2 24 | $18.8M | $29.4M | ||
| Q1 24 | $6.4M | $34.1M |
| Q4 25 | $19.2M | $38.2M | ||
| Q3 25 | $22.0M | $54.6M | ||
| Q2 25 | $30.3M | $25.7M | ||
| Q1 25 | $3.2M | $33.8M | ||
| Q4 24 | $15.2M | $34.3M | ||
| Q3 24 | $8.7M | $48.1M | ||
| Q2 24 | $17.9M | $24.4M | ||
| Q1 24 | $5.1M | $30.5M |
| Q4 25 | 5.6% | 19.8% | ||
| Q3 25 | 6.2% | 28.7% | ||
| Q2 25 | 8.4% | 13.7% | ||
| Q1 25 | 1.0% | 18.6% | ||
| Q4 24 | 5.0% | 20.1% | ||
| Q3 24 | 2.5% | 29.4% | ||
| Q2 24 | 5.1% | 15.9% | ||
| Q1 24 | 1.6% | 20.4% |
| Q4 25 | 0.2% | 4.0% | ||
| Q3 25 | 0.2% | 3.2% | ||
| Q2 25 | 0.4% | 3.6% | ||
| Q1 25 | 0.1% | 3.4% | ||
| Q4 24 | 0.2% | 3.6% | ||
| Q3 24 | 0.3% | 3.2% | ||
| Q2 24 | 0.3% | 3.3% | ||
| Q1 24 | 0.4% | 2.4% |
| Q4 25 | 1.37× | 1.78× | ||
| Q3 25 | 1.21× | 2.37× | ||
| Q2 25 | 1.26× | 1.64× | ||
| Q1 25 | 0.25× | 1.80× | ||
| Q4 24 | 1.49× | 2.31× | ||
| Q3 24 | 0.57× | 2.27× | ||
| Q2 24 | 0.93× | 1.63× | ||
| Q1 24 | 0.48× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GIC
Segment breakdown not available.
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
