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Side-by-side financial comparison of Enpro Inc. (NPO) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
Enpro Inc. is the larger business by last-quarter revenue ($295.4M vs $192.7M, roughly 1.5× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs -10.8%, a 24.2% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs 12.7%). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs 7.1%).
Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...
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.
NPO vs SPSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $295.4M | $192.7M |
| Net Profit | $-32.0M | $25.8M |
| Gross Margin | 42.1% | 70.4% |
| Operating Margin | 11.2% | 18.0% |
| Net Margin | -10.8% | 13.4% |
| Revenue YoY | 14.3% | 12.7% |
| Net Profit YoY | -330.2% | 47.2% |
| EPS (diluted) | $-1.50 | $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 | $295.4M | $192.7M | ||
| Q3 25 | $286.6M | $189.9M | ||
| Q2 25 | $288.1M | $187.4M | ||
| Q1 25 | $273.2M | $181.5M | ||
| Q4 24 | $258.4M | $170.9M | ||
| Q3 24 | $260.9M | $163.7M | ||
| Q2 24 | $271.9M | $153.6M | ||
| Q1 24 | $257.5M | $149.6M |
| Q4 25 | $-32.0M | $25.8M | ||
| Q3 25 | $21.6M | $25.6M | ||
| Q2 25 | $26.4M | $19.7M | ||
| Q1 25 | $24.5M | $22.2M | ||
| Q4 24 | $13.9M | $17.6M | ||
| Q3 24 | $19.8M | $23.5M | ||
| Q2 24 | $26.7M | $18.0M | ||
| Q1 24 | $12.5M | $18.0M |
| Q4 25 | 42.1% | 70.4% | ||
| Q3 25 | 41.9% | 69.5% | ||
| Q2 25 | 43.3% | 68.1% | ||
| Q1 25 | 43.3% | 68.7% | ||
| Q4 24 | 42.3% | 67.5% | ||
| Q3 24 | 42.3% | 68.5% | ||
| Q2 24 | 43.8% | 66.1% | ||
| Q1 24 | 41.2% | 65.6% |
| Q4 25 | 11.2% | 18.0% | ||
| Q3 25 | 14.3% | 16.4% | ||
| Q2 25 | 15.9% | 14.1% | ||
| Q1 25 | 15.3% | 14.3% | ||
| Q4 24 | 12.5% | 14.5% | ||
| Q3 24 | 13.1% | 15.6% | ||
| Q2 24 | 17.7% | 15.1% | ||
| Q1 24 | 10.9% | 10.3% |
| Q4 25 | -10.8% | 13.4% | ||
| Q3 25 | 7.5% | 13.5% | ||
| Q2 25 | 9.2% | 10.5% | ||
| Q1 25 | 9.0% | 12.2% | ||
| Q4 24 | 5.4% | 10.3% | ||
| Q3 24 | 7.6% | 14.3% | ||
| Q2 24 | 9.8% | 11.7% | ||
| Q1 24 | 4.9% | 12.0% |
| Q4 25 | $-1.50 | $0.69 | ||
| Q3 25 | $1.01 | $0.67 | ||
| Q2 25 | $1.25 | $0.52 | ||
| Q1 25 | $1.15 | $0.58 | ||
| Q4 24 | $0.65 | $0.46 | ||
| Q3 24 | $0.94 | $0.62 | ||
| Q2 24 | $1.27 | $0.48 | ||
| Q1 24 | $0.59 | $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 | $114.7M | $151.4M |
| Total DebtLower is stronger | $655.3M | — |
| Stockholders' EquityBook value | $1.5B | $973.9M |
| Total Assets | $2.7B | $1.2B |
| Debt / EquityLower = less leverage | 0.42× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.7M | $151.4M | ||
| Q3 25 | $132.9M | $133.7M | ||
| Q2 25 | $107.1M | $107.6M | ||
| Q1 25 | $240.3M | $94.9M | ||
| Q4 24 | $236.3M | $241.0M | ||
| Q3 24 | $206.9M | $205.8M | ||
| Q2 24 | $175.9M | $271.8M | ||
| Q1 24 | $163.9M | $290.8M |
| Q4 25 | $655.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $644.9M | — |
| Q4 25 | $1.5B | $973.9M | ||
| Q3 25 | $1.5B | $958.9M | ||
| Q2 25 | $1.5B | $949.8M | ||
| Q1 25 | $1.5B | $920.9M | ||
| Q4 24 | $1.4B | $854.7M | ||
| Q3 24 | $1.5B | $829.4M | ||
| Q2 24 | $1.4B | $703.4M | ||
| Q1 24 | $1.4B | $683.0M |
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.4B | $1.1B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.5B | $1.0B | ||
| Q2 24 | $2.5B | $854.5M | ||
| Q1 24 | $2.5B | $839.8M |
| Q4 25 | 0.42× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.46× | — |
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 | 4.1% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $45.9M | ||
| Q3 25 | $65.3M | $60.6M | ||
| Q2 25 | $52.2M | $32.3M | ||
| Q1 25 | $21.0M | $40.0M | ||
| Q4 24 | $59.4M | $40.6M | ||
| Q3 24 | $54.0M | $53.3M | ||
| Q2 24 | $43.2M | $29.4M | ||
| Q1 24 | $6.3M | $34.1M |
| Q4 25 | — | $38.2M | ||
| Q3 25 | $53.4M | $54.6M | ||
| Q2 25 | $42.3M | $25.7M | ||
| Q1 25 | $13.0M | $33.8M | ||
| Q4 24 | $49.1M | $34.3M | ||
| Q3 24 | $48.3M | $48.1M | ||
| Q2 24 | $38.3M | $24.4M | ||
| Q1 24 | $-1.9M | $30.5M |
| Q4 25 | — | 19.8% | ||
| Q3 25 | 18.6% | 28.7% | ||
| Q2 25 | 14.7% | 13.7% | ||
| Q1 25 | 4.8% | 18.6% | ||
| Q4 24 | 19.0% | 20.1% | ||
| Q3 24 | 18.5% | 29.4% | ||
| Q2 24 | 14.1% | 15.9% | ||
| Q1 24 | -0.7% | 20.4% |
| Q4 25 | 4.1% | 4.0% | ||
| Q3 25 | 4.2% | 3.2% | ||
| Q2 25 | 3.4% | 3.6% | ||
| Q1 25 | 2.9% | 3.4% | ||
| Q4 24 | 4.0% | 3.6% | ||
| Q3 24 | 2.2% | 3.2% | ||
| Q2 24 | 1.8% | 3.3% | ||
| Q1 24 | 3.2% | 2.4% |
| Q4 25 | — | 1.78× | ||
| Q3 25 | 3.02× | 2.37× | ||
| Q2 25 | 1.98× | 1.64× | ||
| Q1 25 | 0.86× | 1.80× | ||
| Q4 24 | 4.27× | 2.31× | ||
| Q3 24 | 2.73× | 2.27× | ||
| Q2 24 | 1.62× | 1.63× | ||
| Q1 24 | 0.50× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NPO
| Sealing Technologies Segment | $187.0M | 63% |
| General Industrial | $71.3M | 24% |
| Power Generation | $19.9M | 7% |
| Oiland Gas Market | $15.0M | 5% |
| Semiconductors | $2.2M | 1% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
