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Side-by-side financial comparison of PROSPERITY BANCSHARES INC (PB) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
PROSPERITY BANCSHARES INC is the larger business by last-quarter revenue ($367.6M vs $192.7M, roughly 1.9× SPS COMMERCE INC). PROSPERITY BANCSHARES INC runs the higher net margin — 31.6% vs 13.4%, a 18.2% gap on every dollar of revenue. Over the past eight quarters, PROSPERITY BANCSHARES INC's revenue compounded faster (19.2% CAGR vs 13.5%).
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...
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.
PB vs SPSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $367.6M | $192.7M |
| Net Profit | $116.3M | $25.8M |
| Gross Margin | — | 70.4% |
| Operating Margin | — | 18.0% |
| Net Margin | 31.6% | 13.4% |
| Revenue YoY | — | 12.7% |
| Net Profit YoY | -10.7% | 47.2% |
| EPS (diluted) | $1.16 | $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 | $367.6M | — | ||
| Q4 25 | $275.0M | $192.7M | ||
| Q3 25 | $273.4M | $189.9M | ||
| Q2 25 | $267.7M | $187.4M | ||
| Q1 25 | $265.4M | $181.5M | ||
| Q4 24 | $267.8M | $170.9M | ||
| Q3 24 | $261.7M | $163.7M | ||
| Q2 24 | $258.8M | $153.6M |
| Q1 26 | $116.3M | — | ||
| Q4 25 | $139.9M | $25.8M | ||
| Q3 25 | $137.6M | $25.6M | ||
| Q2 25 | $135.2M | $19.7M | ||
| Q1 25 | $130.2M | $22.2M | ||
| Q4 24 | $130.1M | $17.6M | ||
| Q3 24 | $127.3M | $23.5M | ||
| Q2 24 | $111.6M | $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 | — | — | ||
| Q4 25 | 65.1% | 18.0% | ||
| Q3 25 | 64.4% | 16.4% | ||
| Q2 25 | 64.3% | 14.1% | ||
| Q1 25 | 62.7% | 14.3% | ||
| Q4 24 | 62.0% | 14.5% | ||
| Q3 24 | 62.1% | 15.6% | ||
| Q2 24 | 55.2% | 15.1% |
| Q1 26 | 31.6% | — | ||
| Q4 25 | 50.9% | 13.4% | ||
| Q3 25 | 50.3% | 13.5% | ||
| Q2 25 | 50.5% | 10.5% | ||
| Q1 25 | 49.1% | 12.2% | ||
| Q4 24 | 48.6% | 10.3% | ||
| Q3 24 | 48.6% | 14.3% | ||
| Q2 24 | 43.1% | 11.7% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $1.48 | $0.69 | ||
| Q3 25 | $1.45 | $0.67 | ||
| Q2 25 | $1.42 | $0.52 | ||
| Q1 25 | $1.37 | $0.58 | ||
| Q4 24 | $1.36 | $0.46 | ||
| Q3 24 | $1.34 | $0.62 | ||
| Q2 24 | $1.17 | $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 | — | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.2B | $973.9M |
| Total Assets | $43.6B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $151.4M | ||
| Q3 25 | — | $133.7M | ||
| Q2 25 | — | $107.6M | ||
| Q1 25 | — | $94.9M | ||
| Q4 24 | — | $241.0M | ||
| Q3 24 | — | $205.8M | ||
| Q2 24 | — | $271.8M |
| Q1 26 | $8.2B | — | ||
| Q4 25 | $7.6B | $973.9M | ||
| Q3 25 | $7.7B | $958.9M | ||
| Q2 25 | $7.6B | $949.8M | ||
| Q1 25 | $7.5B | $920.9M | ||
| Q4 24 | $7.4B | $854.7M | ||
| Q3 24 | $7.4B | $829.4M | ||
| Q2 24 | $7.3B | $703.4M |
| Q1 26 | $43.6B | — | ||
| Q4 25 | $38.5B | $1.2B | ||
| Q3 25 | $38.3B | $1.2B | ||
| Q2 25 | $38.4B | $1.1B | ||
| Q1 25 | $38.8B | $1.1B | ||
| Q4 24 | $39.6B | $1.0B | ||
| Q3 24 | $40.1B | $1.0B | ||
| Q2 24 | $39.8B | $854.5M |
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 | $78.3M | $45.9M | ||
| Q3 25 | $194.8M | $60.6M | ||
| Q2 25 | $98.2M | $32.3M | ||
| Q1 25 | $178.2M | $40.0M | ||
| Q4 24 | $-205.8M | $40.6M | ||
| Q3 24 | $274.6M | $53.3M | ||
| Q2 24 | $216.5M | $29.4M |
| Q1 26 | — | — | ||
| Q4 25 | $68.5M | $38.2M | ||
| Q3 25 | $185.7M | $54.6M | ||
| Q2 25 | $91.8M | $25.7M | ||
| Q1 25 | $171.1M | $33.8M | ||
| Q4 24 | $-210.7M | $34.3M | ||
| Q3 24 | $270.2M | $48.1M | ||
| Q2 24 | $211.8M | $24.4M |
| Q1 26 | — | — | ||
| Q4 25 | 24.9% | 19.8% | ||
| Q3 25 | 67.9% | 28.7% | ||
| Q2 25 | 34.3% | 13.7% | ||
| Q1 25 | 64.5% | 18.6% | ||
| Q4 24 | -78.7% | 20.1% | ||
| Q3 24 | 103.3% | 29.4% | ||
| Q2 24 | 81.8% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 4.0% | ||
| Q3 25 | 3.3% | 3.2% | ||
| Q2 25 | 2.4% | 3.6% | ||
| Q1 25 | 2.7% | 3.4% | ||
| Q4 24 | 1.8% | 3.6% | ||
| Q3 24 | 1.7% | 3.2% | ||
| Q2 24 | 1.8% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.56× | 1.78× | ||
| Q3 25 | 1.42× | 2.37× | ||
| Q2 25 | 0.73× | 1.64× | ||
| Q1 25 | 1.37× | 1.80× | ||
| Q4 24 | -1.58× | 2.31× | ||
| Q3 24 | 2.16× | 2.27× | ||
| Q2 24 | 1.94× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PB
| Net Interest Income | $321.1M | 87% |
| Noninterest Income | $46.5M | 13% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
