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Side-by-side financial comparison of El Pollo Loco Holdings, Inc. (LOCO) 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 $126.2M, roughly 1.5× El Pollo Loco Holdings, Inc.). SPS COMMERCE INC runs the higher net margin — 13.4% vs 6.5%, a 6.9% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs 5.9%). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs 1.6%).
El Pollo Loco, Inc., is a restaurant chain based in the United States, specializing in Mexican-style grilled chicken. Restaurant service consists of dine-in and take-out, with some locations offering drive-through options. The company is headquartered in Costa Mesa, California, and operates about 500 company-owned and franchised restaurants in the Southwestern United States.
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.
LOCO vs SPSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.2M | $192.7M |
| Net Profit | $8.2M | $25.8M |
| Gross Margin | — | 70.4% |
| Operating Margin | 9.7% | 18.0% |
| Net Margin | 6.5% | 13.4% |
| Revenue YoY | 5.9% | 12.7% |
| Net Profit YoY | 48.8% | 47.2% |
| EPS (diluted) | $0.27 | $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.
| Q1 26 | $126.2M | — | ||
| Q4 25 | $123.5M | $192.7M | ||
| Q3 25 | $121.5M | $189.9M | ||
| Q2 25 | $125.8M | $187.4M | ||
| Q1 25 | $119.2M | $181.5M | ||
| Q4 24 | $114.3M | $170.9M | ||
| Q3 24 | $120.4M | $163.7M | ||
| Q2 24 | $122.2M | $153.6M |
| Q1 26 | $8.2M | — | ||
| Q4 25 | $6.5M | $25.8M | ||
| Q3 25 | $7.4M | $25.6M | ||
| Q2 25 | $7.1M | $19.7M | ||
| Q1 25 | $5.5M | $22.2M | ||
| Q4 24 | $6.0M | $17.6M | ||
| Q3 24 | $6.2M | $23.5M | ||
| Q2 24 | $7.6M | $18.0M |
| Q1 26 | — | — | ||
| 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 26 | 9.7% | — | ||
| Q4 25 | 8.3% | 18.0% | ||
| Q3 25 | 9.4% | 16.4% | ||
| Q2 25 | 9.0% | 14.1% | ||
| Q1 25 | 7.5% | 14.3% | ||
| Q4 24 | 7.9% | 14.5% | ||
| Q3 24 | 8.4% | 15.6% | ||
| Q2 24 | 10.1% | 15.1% |
| Q1 26 | 6.5% | — | ||
| Q4 25 | 5.3% | 13.4% | ||
| Q3 25 | 6.1% | 13.5% | ||
| Q2 25 | 5.6% | 10.5% | ||
| Q1 25 | 4.6% | 12.2% | ||
| Q4 24 | 5.2% | 10.3% | ||
| Q3 24 | 5.1% | 14.3% | ||
| Q2 24 | 6.2% | 11.7% |
| Q1 26 | $0.27 | — | ||
| Q4 25 | $0.22 | $0.69 | ||
| Q3 25 | $0.25 | $0.67 | ||
| Q2 25 | $0.24 | $0.52 | ||
| Q1 25 | $0.19 | $0.58 | ||
| Q4 24 | $0.21 | $0.46 | ||
| Q3 24 | $0.21 | $0.62 | ||
| Q2 24 | $0.25 | $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 | $3.9M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $302.5M | $973.9M |
| Total Assets | $609.1M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.9M | — | ||
| Q4 25 | $6.2M | $151.4M | ||
| Q3 25 | $10.9M | $133.7M | ||
| Q2 25 | $9.0M | $107.6M | ||
| Q1 25 | $4.3M | $94.9M | ||
| Q4 24 | $2.5M | $241.0M | ||
| Q3 24 | $7.9M | $205.8M | ||
| Q2 24 | $10.5M | $271.8M |
| Q1 26 | — | — | ||
| Q4 25 | $51.0M | — | ||
| Q3 25 | $61.0M | — | ||
| Q2 25 | $69.0M | — | ||
| Q1 25 | $73.0M | — | ||
| Q4 24 | $71.0M | — | ||
| Q3 24 | $76.0M | — | ||
| Q2 24 | $87.0M | — |
| Q1 26 | $302.5M | — | ||
| Q4 25 | $291.1M | $973.9M | ||
| Q3 25 | $282.9M | $958.9M | ||
| Q2 25 | $274.2M | $949.8M | ||
| Q1 25 | $265.7M | $920.9M | ||
| Q4 24 | $260.7M | $854.7M | ||
| Q3 24 | $255.2M | $829.4M | ||
| Q2 24 | $248.6M | $703.4M |
| Q1 26 | $609.1M | — | ||
| Q4 25 | $606.6M | $1.2B | ||
| Q3 25 | $602.7M | $1.2B | ||
| Q2 25 | $596.8M | $1.1B | ||
| Q1 25 | $590.5M | $1.1B | ||
| Q4 24 | $592.0M | $1.0B | ||
| Q3 24 | $590.0M | $1.0B | ||
| Q2 24 | $593.8M | $854.5M |
| Q1 26 | — | — | ||
| Q4 25 | 0.18× | — | ||
| Q3 25 | 0.22× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | 0.27× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.35× | — |
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 | — | $45.9M |
| Free Cash FlowOCF − Capex | — | $38.2M |
| FCF MarginFCF / Revenue | — | 19.8% |
| Capex IntensityCapex / Revenue | — | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $13.9M | $45.9M | ||
| Q3 25 | $15.3M | $60.6M | ||
| Q2 25 | $14.1M | $32.3M | ||
| Q1 25 | $4.7M | $40.0M | ||
| Q4 24 | $5.6M | $40.6M | ||
| Q3 24 | $13.0M | $53.3M | ||
| Q2 24 | $17.0M | $29.4M |
| Q1 26 | — | — | ||
| Q4 25 | $5.1M | $38.2M | ||
| Q3 25 | $9.9M | $54.6M | ||
| Q2 25 | $9.1M | $25.7M | ||
| Q1 25 | $1.3M | $33.8M | ||
| Q4 24 | $1.1M | $34.3M | ||
| Q3 24 | $9.1M | $48.1M | ||
| Q2 24 | $10.4M | $24.4M |
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 19.8% | ||
| Q3 25 | 8.2% | 28.7% | ||
| Q2 25 | 7.2% | 13.7% | ||
| Q1 25 | 1.1% | 18.6% | ||
| Q4 24 | 1.0% | 20.1% | ||
| Q3 24 | 7.6% | 29.4% | ||
| Q2 24 | 8.5% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | 4.0% | ||
| Q3 25 | 4.4% | 3.2% | ||
| Q2 25 | 4.0% | 3.6% | ||
| Q1 25 | 2.8% | 3.4% | ||
| Q4 24 | 3.9% | 3.6% | ||
| Q3 24 | 3.2% | 3.2% | ||
| Q2 24 | 5.3% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.13× | 1.78× | ||
| Q3 25 | 2.08× | 2.37× | ||
| Q2 25 | 1.99× | 1.64× | ||
| Q1 25 | 0.86× | 1.80× | ||
| Q4 24 | 0.95× | 2.31× | ||
| Q3 24 | 2.11× | 2.27× | ||
| Q2 24 | 2.22× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOCO
Segment breakdown not available.
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
