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Side-by-side financial comparison of POTLATCHDELTIC CORP (PCH) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
POTLATCHDELTIC CORP is the larger business by last-quarter revenue ($314.2M vs $192.7M, roughly 1.6× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs 8.2%, a 5.2% gap on every dollar of revenue. On growth, POTLATCHDELTIC CORP posted the faster year-over-year revenue change (23.1% vs 12.7%). POTLATCHDELTIC CORP produced more free cash flow last quarter ($50.1M vs $38.2M). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs 11.1%).
POTLATCHDELTIC CORPPCHEarnings & Financial Report
PotlatchDeltic Corporation is an American diversified forest products company based in Spokane, Washington.
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.
PCH vs SPSC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $314.2M | $192.7M |
| Net Profit | $25.9M | $25.8M |
| Gross Margin | 18.2% | 70.4% |
| Operating Margin | 11.2% | 18.0% |
| Net Margin | 8.2% | 13.4% |
| Revenue YoY | 23.1% | 12.7% |
| Net Profit YoY | 682.5% | 47.2% |
| EPS (diluted) | $0.33 | $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 | — | $192.7M | ||
| Q3 25 | $314.2M | $189.9M | ||
| Q2 25 | $275.0M | $187.4M | ||
| Q1 25 | $268.3M | $181.5M | ||
| Q4 24 | $258.1M | $170.9M | ||
| Q3 24 | $255.1M | $163.7M | ||
| Q2 24 | $320.7M | $153.6M | ||
| Q1 24 | $228.1M | $149.6M |
| Q4 25 | — | $25.8M | ||
| Q3 25 | $25.9M | $25.6M | ||
| Q2 25 | $7.4M | $19.7M | ||
| Q1 25 | $25.8M | $22.2M | ||
| Q4 24 | $5.2M | $17.6M | ||
| Q3 24 | $3.3M | $23.5M | ||
| Q2 24 | $13.7M | $18.0M | ||
| Q1 24 | $-305.0K | $18.0M |
| Q4 25 | — | 70.4% | ||
| Q3 25 | 18.2% | 69.5% | ||
| Q2 25 | 13.0% | 68.1% | ||
| Q1 25 | 17.8% | 68.7% | ||
| Q4 24 | 13.4% | 67.5% | ||
| Q3 24 | 10.8% | 68.5% | ||
| Q2 24 | 11.9% | 66.1% | ||
| Q1 24 | 7.0% | 65.6% |
| Q4 25 | — | 18.0% | ||
| Q3 25 | 11.2% | 16.4% | ||
| Q2 25 | 5.0% | 14.1% | ||
| Q1 25 | 10.3% | 14.3% | ||
| Q4 24 | 5.2% | 14.5% | ||
| Q3 24 | 2.8% | 15.6% | ||
| Q2 24 | 5.4% | 15.1% | ||
| Q1 24 | -2.1% | 10.3% |
| Q4 25 | — | 13.4% | ||
| Q3 25 | 8.2% | 13.5% | ||
| Q2 25 | 2.7% | 10.5% | ||
| Q1 25 | 9.6% | 12.2% | ||
| Q4 24 | 2.0% | 10.3% | ||
| Q3 24 | 1.3% | 14.3% | ||
| Q2 24 | 4.3% | 11.7% | ||
| Q1 24 | -0.1% | 12.0% |
| Q4 25 | — | $0.69 | ||
| Q3 25 | $0.33 | $0.67 | ||
| Q2 25 | $0.09 | $0.52 | ||
| Q1 25 | $0.33 | $0.58 | ||
| Q4 24 | $0.07 | $0.46 | ||
| Q3 24 | $0.04 | $0.62 | ||
| Q2 24 | $0.17 | $0.48 | ||
| Q1 24 | $0.00 | $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 | $88.8M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $973.9M |
| Total Assets | $3.2B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $151.4M | ||
| Q3 25 | $88.8M | $133.7M | ||
| Q2 25 | $95.3M | $107.6M | ||
| Q1 25 | $147.5M | $94.9M | ||
| Q4 24 | $151.6M | $241.0M | ||
| Q3 24 | $161.1M | $205.8M | ||
| Q2 24 | $199.7M | $271.8M | ||
| Q1 24 | $180.2M | $290.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $973.9M | ||
| Q3 25 | $1.9B | $958.9M | ||
| Q2 25 | $1.9B | $949.8M | ||
| Q1 25 | $2.0B | $920.9M | ||
| Q4 24 | $2.0B | $854.7M | ||
| Q3 24 | $2.1B | $829.4M | ||
| Q2 24 | $2.1B | $703.4M | ||
| Q1 24 | $2.2B | $683.0M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $3.2B | $1.2B | ||
| Q2 25 | $3.2B | $1.1B | ||
| Q1 25 | $3.3B | $1.1B | ||
| Q4 24 | $3.3B | $1.0B | ||
| Q3 24 | $3.3B | $1.0B | ||
| Q2 24 | $3.4B | $854.5M | ||
| Q1 24 | $3.4B | $839.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $65.7M | $45.9M |
| Free Cash FlowOCF − Capex | $50.1M | $38.2M |
| FCF MarginFCF / Revenue | 15.9% | 19.8% |
| Capex IntensityCapex / Revenue | 4.9% | 4.0% |
| Cash ConversionOCF / Net Profit | 2.54× | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $132.4M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $45.9M | ||
| Q3 25 | $65.7M | $60.6M | ||
| Q2 25 | $41.0M | $32.3M | ||
| Q1 25 | $49.1M | $40.0M | ||
| Q4 24 | $45.4M | $40.6M | ||
| Q3 24 | $26.5M | $53.3M | ||
| Q2 24 | $100.6M | $29.4M | ||
| Q1 24 | $16.0M | $34.1M |
| Q4 25 | — | $38.2M | ||
| Q3 25 | $50.1M | $54.6M | ||
| Q2 25 | $30.6M | $25.7M | ||
| Q1 25 | $26.3M | $33.8M | ||
| Q4 24 | $25.4M | $34.3M | ||
| Q3 24 | $-8.2M | $48.1M | ||
| Q2 24 | $72.4M | $24.4M | ||
| Q1 24 | $2.0M | $30.5M |
| Q4 25 | — | 19.8% | ||
| Q3 25 | 15.9% | 28.7% | ||
| Q2 25 | 11.1% | 13.7% | ||
| Q1 25 | 9.8% | 18.6% | ||
| Q4 24 | 9.9% | 20.1% | ||
| Q3 24 | -3.2% | 29.4% | ||
| Q2 24 | 22.6% | 15.9% | ||
| Q1 24 | 0.9% | 20.4% |
| Q4 25 | — | 4.0% | ||
| Q3 25 | 4.9% | 3.2% | ||
| Q2 25 | 3.8% | 3.6% | ||
| Q1 25 | 8.5% | 3.4% | ||
| Q4 24 | 7.7% | 3.6% | ||
| Q3 24 | 13.6% | 3.2% | ||
| Q2 24 | 8.8% | 3.3% | ||
| Q1 24 | 6.1% | 2.4% |
| Q4 25 | — | 1.78× | ||
| Q3 25 | 2.54× | 2.37× | ||
| Q2 25 | 5.58× | 1.64× | ||
| Q1 25 | 1.90× | 1.80× | ||
| Q4 24 | 8.74× | 2.31× | ||
| Q3 24 | 7.99× | 2.27× | ||
| Q2 24 | 7.35× | 1.63× | ||
| Q1 24 | — | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
