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Side-by-side financial comparison of OXFORD INDUSTRIES INC (OXM) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
OXFORD INDUSTRIES INC is the larger business by last-quarter revenue ($307.3M vs $192.7M, roughly 1.6× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs -20.7%, a 34.1% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs -0.2%). SPS COMMERCE INC produced more free cash flow last quarter ($38.2M vs $-47.9M). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs -3.0%).
Oxford Industries, Inc. is a publicly traded clothing company in the United States that specializes in high-end clothing and apparel. The company carries many major labels, including Tommy Bahama, Lilly Pulitzer, Johnny Was and Southern Tide.
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.
OXM vs SPSC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $307.3M | $192.7M |
| Net Profit | $-63.7M | $25.8M |
| Gross Margin | 60.3% | 70.4% |
| Operating Margin | -27.7% | 18.0% |
| Net Margin | -20.7% | 13.4% |
| Revenue YoY | -0.2% | 12.7% |
| Net Profit YoY | -1517.6% | 47.2% |
| EPS (diluted) | $-4.28 | $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 | $307.3M | $192.7M | ||
| Q3 25 | $403.1M | $189.9M | ||
| Q2 25 | $392.9M | $187.4M | ||
| Q1 25 | — | $181.5M | ||
| Q4 24 | $308.0M | $170.9M | ||
| Q3 24 | $419.9M | $163.7M | ||
| Q2 24 | $398.2M | $153.6M | ||
| Q1 24 | $404.4M | $149.6M |
| Q4 25 | $-63.7M | $25.8M | ||
| Q3 25 | $16.7M | $25.6M | ||
| Q2 25 | $26.2M | $19.7M | ||
| Q1 25 | — | $22.2M | ||
| Q4 24 | $-3.9M | $17.6M | ||
| Q3 24 | $40.6M | $23.5M | ||
| Q2 24 | $38.4M | $18.0M | ||
| Q1 24 | $-60.1M | $18.0M |
| Q4 25 | 60.3% | 70.4% | ||
| Q3 25 | 61.4% | 69.5% | ||
| Q2 25 | 64.2% | 68.1% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | 63.1% | 67.5% | ||
| Q3 24 | 63.1% | 68.5% | ||
| Q2 24 | 64.9% | 66.1% | ||
| Q1 24 | 60.9% | 65.6% |
| Q4 25 | -27.7% | 18.0% | ||
| Q3 25 | 6.3% | 16.4% | ||
| Q2 25 | 9.2% | 14.1% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | -2.0% | 14.5% | ||
| Q3 24 | 12.5% | 15.6% | ||
| Q2 24 | 13.2% | 15.1% | ||
| Q1 24 | -20.1% | 10.3% |
| Q4 25 | -20.7% | 13.4% | ||
| Q3 25 | 4.1% | 13.5% | ||
| Q2 25 | 6.7% | 10.5% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | -1.3% | 10.3% | ||
| Q3 24 | 9.7% | 14.3% | ||
| Q2 24 | 9.6% | 11.7% | ||
| Q1 24 | -14.9% | 12.0% |
| Q4 25 | $-4.28 | $0.69 | ||
| Q3 25 | $1.12 | $0.67 | ||
| Q2 25 | $1.70 | $0.52 | ||
| Q1 25 | — | $0.58 | ||
| Q4 24 | $-0.25 | $0.46 | ||
| Q3 24 | $2.57 | $0.62 | ||
| Q2 24 | $2.42 | $0.48 | ||
| Q1 24 | $-3.72 | $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 | $8.0M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $528.0M | $973.9M |
| Total Assets | $1.3B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.0M | $151.4M | ||
| Q3 25 | $6.9M | $133.7M | ||
| Q2 25 | $8.2M | $107.6M | ||
| Q1 25 | — | $94.9M | ||
| Q4 24 | $7.0M | $241.0M | ||
| Q3 24 | $18.4M | $205.8M | ||
| Q2 24 | $7.7M | $271.8M | ||
| Q1 24 | $7.6M | $290.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $29.0M | — |
| Q4 25 | $528.0M | $973.9M | ||
| Q3 25 | $597.1M | $958.9M | ||
| Q2 25 | $592.4M | $949.8M | ||
| Q1 25 | — | $920.9M | ||
| Q4 24 | $612.2M | $854.7M | ||
| Q3 24 | $621.6M | $829.4M | ||
| Q2 24 | $592.9M | $703.4M | ||
| Q1 24 | $560.9M | $683.0M |
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $854.5M | ||
| Q1 24 | $1.1B | $839.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.05× | — |
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 | $-9.1M | $45.9M |
| Free Cash FlowOCF − Capex | $-47.9M | $38.2M |
| FCF MarginFCF / Revenue | -15.6% | 19.8% |
| Capex IntensityCapex / Revenue | 12.6% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $-79.9M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.1M | $45.9M | ||
| Q3 25 | $83.5M | $60.6M | ||
| Q2 25 | $-3.9M | $32.3M | ||
| Q1 25 | — | $40.0M | ||
| Q4 24 | $-18.2M | $40.6M | ||
| Q3 24 | $88.8M | $53.3M | ||
| Q2 24 | $32.9M | $29.4M | ||
| Q1 24 | $74.9M | $34.1M |
| Q4 25 | $-47.9M | $38.2M | ||
| Q3 25 | $52.3M | $54.6M | ||
| Q2 25 | $-27.4M | $25.7M | ||
| Q1 25 | — | $33.8M | ||
| Q4 24 | $-56.9M | $34.3M | ||
| Q3 24 | $47.2M | $48.1M | ||
| Q2 24 | $21.0M | $24.4M | ||
| Q1 24 | $55.3M | $30.5M |
| Q4 25 | -15.6% | 19.8% | ||
| Q3 25 | 13.0% | 28.7% | ||
| Q2 25 | -7.0% | 13.7% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | -18.5% | 20.1% | ||
| Q3 24 | 11.2% | 29.4% | ||
| Q2 24 | 5.3% | 15.9% | ||
| Q1 24 | 13.7% | 20.4% |
| Q4 25 | 12.6% | 4.0% | ||
| Q3 25 | 7.7% | 3.2% | ||
| Q2 25 | 6.0% | 3.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | 12.6% | 3.6% | ||
| Q3 24 | 9.9% | 3.2% | ||
| Q2 24 | 3.0% | 3.3% | ||
| Q1 24 | 4.8% | 2.4% |
| Q4 25 | — | 1.78× | ||
| Q3 25 | 5.00× | 2.37× | ||
| Q2 25 | -0.15× | 1.64× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 2.19× | 2.27× | ||
| Q2 24 | 0.86× | 1.63× | ||
| Q1 24 | — | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OXM
| Sales Channel Retail | $162.9M | 53% |
| Sales Channel Wholesale | $61.3M | 20% |
| Johnny Was | $45.4M | 15% |
| Sales Channel Food And Beverage | $29.3M | 10% |
| Other Foreign Countries | $9.0M | 3% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
