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Side-by-side financial comparison of MONRO, INC. (MNRO) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
MONRO, INC. is the larger business by last-quarter revenue ($293.4M vs $192.7M, roughly 1.5× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs 3.8%, a 9.6% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs -4.0%). SPS COMMERCE INC produced more free cash flow last quarter ($38.2M vs $9.1M). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs -2.7%).
Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2025, Monro has 1,260 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.
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.
MNRO vs SPSC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $293.4M | $192.7M |
| Net Profit | $11.1M | $25.8M |
| Gross Margin | 34.9% | 70.4% |
| Operating Margin | 6.3% | 18.0% |
| Net Margin | 3.8% | 13.4% |
| Revenue YoY | -4.0% | 12.7% |
| Net Profit YoY | 143.1% | 47.2% |
| EPS (diluted) | $0.35 | $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 | $293.4M | $192.7M | ||
| Q3 25 | $288.9M | $189.9M | ||
| Q2 25 | $301.0M | $187.4M | ||
| Q1 25 | $295.0M | $181.5M | ||
| Q4 24 | $305.8M | $170.9M | ||
| Q3 24 | $301.4M | $163.7M | ||
| Q2 24 | $293.2M | $153.6M | ||
| Q1 24 | $310.1M | $149.6M |
| Q4 25 | $11.1M | $25.8M | ||
| Q3 25 | $5.7M | $25.6M | ||
| Q2 25 | $-8.1M | $19.7M | ||
| Q1 25 | $-21.3M | $22.2M | ||
| Q4 24 | $4.6M | $17.6M | ||
| Q3 24 | $5.6M | $23.5M | ||
| Q2 24 | $5.9M | $18.0M | ||
| Q1 24 | $3.7M | $18.0M |
| Q4 25 | 34.9% | 70.4% | ||
| Q3 25 | 35.7% | 69.5% | ||
| Q2 25 | 35.5% | 68.1% | ||
| Q1 25 | 33.0% | 68.7% | ||
| Q4 24 | 34.3% | 67.5% | ||
| Q3 24 | 35.3% | 68.5% | ||
| Q2 24 | 37.2% | 66.1% | ||
| Q1 24 | 35.5% | 65.6% |
| Q4 25 | 6.3% | 18.0% | ||
| Q3 25 | 4.4% | 16.4% | ||
| Q2 25 | -2.0% | 14.1% | ||
| Q1 25 | -8.1% | 14.3% | ||
| Q4 24 | 3.3% | 14.5% | ||
| Q3 24 | 4.4% | 15.6% | ||
| Q2 24 | 4.5% | 15.1% | ||
| Q1 24 | 3.3% | 10.3% |
| Q4 25 | 3.8% | 13.4% | ||
| Q3 25 | 2.0% | 13.5% | ||
| Q2 25 | -2.7% | 10.5% | ||
| Q1 25 | -7.2% | 12.2% | ||
| Q4 24 | 1.5% | 10.3% | ||
| Q3 24 | 1.9% | 14.3% | ||
| Q2 24 | 2.0% | 11.7% | ||
| Q1 24 | 1.2% | 12.0% |
| Q4 25 | $0.35 | $0.69 | ||
| Q3 25 | $0.18 | $0.67 | ||
| Q2 25 | $-0.28 | $0.52 | ||
| Q1 25 | $-0.74 | $0.58 | ||
| Q4 24 | $0.15 | $0.46 | ||
| Q3 24 | $0.18 | $0.62 | ||
| Q2 24 | $0.19 | $0.48 | ||
| Q1 24 | $0.12 | $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 | $4.9M | $151.4M |
| Total DebtLower is stronger | $45.0M | — |
| Stockholders' EquityBook value | $604.9M | $973.9M |
| Total Assets | $1.6B | $1.2B |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $151.4M | ||
| Q3 25 | $10.5M | $133.7M | ||
| Q2 25 | $7.8M | $107.6M | ||
| Q1 25 | $20.8M | $94.9M | ||
| Q4 24 | $10.2M | $241.0M | ||
| Q3 24 | $20.9M | $205.8M | ||
| Q2 24 | $18.7M | $271.8M | ||
| Q1 24 | $6.6M | $290.8M |
| Q4 25 | $45.0M | — | ||
| Q3 25 | $60.0M | — | ||
| Q2 25 | $71.5M | — | ||
| Q1 25 | $61.3M | — | ||
| Q4 24 | $59.3M | — | ||
| Q3 24 | $62.0M | — | ||
| Q2 24 | $112.0M | — | ||
| Q1 24 | $102.0M | — |
| Q4 25 | $604.9M | $973.9M | ||
| Q3 25 | $601.7M | $958.9M | ||
| Q2 25 | $604.9M | $949.8M | ||
| Q1 25 | $620.8M | $920.9M | ||
| Q4 24 | $648.9M | $854.7M | ||
| Q3 24 | $651.9M | $829.4M | ||
| Q2 24 | $654.4M | $703.4M | ||
| Q1 24 | $656.8M | $683.0M |
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.7B | $1.0B | ||
| Q2 24 | $1.7B | $854.5M | ||
| Q1 24 | $1.7B | $839.8M |
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.10× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | 0.09× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.17× | — | ||
| Q1 24 | 0.16× | — |
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 | $17.8M | $45.9M |
| Free Cash FlowOCF − Capex | $9.1M | $38.2M |
| FCF MarginFCF / Revenue | 3.1% | 19.8% |
| Capex IntensityCapex / Revenue | 3.0% | 4.0% |
| Cash ConversionOCF / Net Profit | 1.60× | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $49.6M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.8M | $45.9M | ||
| Q3 25 | $32.3M | $60.6M | ||
| Q2 25 | $-1.9M | $32.3M | ||
| Q1 25 | $28.9M | $40.0M | ||
| Q4 24 | $14.8M | $40.6M | ||
| Q3 24 | $62.6M | $53.3M | ||
| Q2 24 | $25.6M | $29.4M | ||
| Q1 24 | $-5.3M | $34.1M |
| Q4 25 | $9.1M | $38.2M | ||
| Q3 25 | $26.6M | $54.6M | ||
| Q2 25 | $-9.3M | $25.7M | ||
| Q1 25 | $23.2M | $33.8M | ||
| Q4 24 | $7.9M | $34.3M | ||
| Q3 24 | $57.6M | $48.1M | ||
| Q2 24 | $16.8M | $24.4M | ||
| Q1 24 | $-11.9M | $30.5M |
| Q4 25 | 3.1% | 19.8% | ||
| Q3 25 | 9.2% | 28.7% | ||
| Q2 25 | -3.1% | 13.7% | ||
| Q1 25 | 7.9% | 18.6% | ||
| Q4 24 | 2.6% | 20.1% | ||
| Q3 24 | 19.1% | 29.4% | ||
| Q2 24 | 5.7% | 15.9% | ||
| Q1 24 | -3.8% | 20.4% |
| Q4 25 | 3.0% | 4.0% | ||
| Q3 25 | 2.0% | 3.2% | ||
| Q2 25 | 2.5% | 3.6% | ||
| Q1 25 | 1.9% | 3.4% | ||
| Q4 24 | 2.2% | 3.6% | ||
| Q3 24 | 1.6% | 3.2% | ||
| Q2 24 | 3.0% | 3.3% | ||
| Q1 24 | 2.1% | 2.4% |
| Q4 25 | 1.60× | 1.78× | ||
| Q3 25 | 5.71× | 2.37× | ||
| Q2 25 | — | 1.64× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | 3.23× | 2.31× | ||
| Q3 24 | 11.08× | 2.27× | ||
| Q2 24 | 4.37× | 1.63× | ||
| Q1 24 | -1.42× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
