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Side-by-side financial comparison of Phillips Edison & Company, Inc. (PECO) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
SPS COMMERCE INC is the larger business by last-quarter revenue ($192.7M vs $190.7M, roughly 1.0× Phillips Edison & Company, Inc.). Phillips Edison & Company, Inc. runs the higher net margin — 17.4% vs 13.4%, a 4.0% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs 7.0%). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs 8.7%).
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric...
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.
PECO vs SPSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $190.7M | $192.7M |
| Net Profit | $33.2M | $25.8M |
| Gross Margin | — | 70.4% |
| Operating Margin | 30.5% | 18.0% |
| Net Margin | 17.4% | 13.4% |
| Revenue YoY | 7.0% | 12.7% |
| Net Profit YoY | 15.1% | 47.2% |
| EPS (diluted) | $0.24 | $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 | $190.7M | — | ||
| Q4 25 | $187.9M | $192.7M | ||
| Q3 25 | $182.7M | $189.9M | ||
| Q2 25 | $177.8M | $187.4M | ||
| Q1 25 | $178.3M | $181.5M | ||
| Q4 24 | $173.0M | $170.9M | ||
| Q3 24 | $165.5M | $163.7M | ||
| Q2 24 | $161.5M | $153.6M |
| Q1 26 | $33.2M | — | ||
| Q4 25 | $47.5M | $25.8M | ||
| Q3 25 | $24.7M | $25.6M | ||
| Q2 25 | $12.8M | $19.7M | ||
| Q1 25 | $26.3M | $22.2M | ||
| Q4 24 | $18.1M | $17.6M | ||
| Q3 24 | $11.6M | $23.5M | ||
| Q2 24 | $15.3M | $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 | 30.5% | — | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 15.1% |
| Q1 26 | 17.4% | — | ||
| Q4 25 | 25.3% | 13.4% | ||
| Q3 25 | 13.5% | 13.5% | ||
| Q2 25 | 7.2% | 10.5% | ||
| Q1 25 | 14.8% | 12.2% | ||
| Q4 24 | 10.5% | 10.3% | ||
| Q3 24 | 7.0% | 14.3% | ||
| Q2 24 | 9.5% | 11.7% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.38 | $0.69 | ||
| Q3 25 | $0.20 | $0.67 | ||
| Q2 25 | $0.10 | $0.52 | ||
| Q1 25 | $0.21 | $0.58 | ||
| Q4 24 | $0.16 | $0.46 | ||
| Q3 24 | $0.09 | $0.62 | ||
| Q2 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 | $3.1M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3B | $973.9M |
| Total Assets | $5.4B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.1M | — | ||
| Q4 25 | $3.5M | $151.4M | ||
| Q3 25 | $4.1M | $133.7M | ||
| Q2 25 | $5.6M | $107.6M | ||
| Q1 25 | $5.5M | $94.9M | ||
| Q4 24 | $4.9M | $241.0M | ||
| Q3 24 | $6.4M | $205.8M | ||
| Q2 24 | $7.1M | $271.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $973.9M | ||
| Q3 25 | $2.3B | $958.9M | ||
| Q2 25 | $2.3B | $949.8M | ||
| Q1 25 | $2.3B | $920.9M | ||
| Q4 24 | $2.3B | $854.7M | ||
| Q3 24 | $2.2B | $829.4M | ||
| Q2 24 | $2.3B | $703.4M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.3B | $1.2B | ||
| Q3 25 | $5.3B | $1.2B | ||
| Q2 25 | $5.3B | $1.1B | ||
| Q1 25 | $5.2B | $1.1B | ||
| Q4 24 | $5.0B | $1.0B | ||
| Q3 24 | $5.0B | $1.0B | ||
| Q2 24 | $4.9B | $854.5M |
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 0.90× | — |
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 | $55.6M | $45.9M |
| Free Cash FlowOCF − Capex | — | $38.2M |
| FCF MarginFCF / Revenue | — | 19.8% |
| Capex IntensityCapex / Revenue | 12.6% | 4.0% |
| Cash ConversionOCF / Net Profit | 1.67× | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $55.6M | — | ||
| Q4 25 | $348.1M | $45.9M | ||
| Q3 25 | $95.4M | $60.6M | ||
| Q2 25 | $96.1M | $32.3M | ||
| Q1 25 | $60.5M | $40.0M | ||
| Q4 24 | $334.7M | $40.6M | ||
| Q3 24 | $109.1M | $53.3M | ||
| Q2 24 | $78.5M | $29.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $38.2M | ||
| Q3 25 | — | $54.6M | ||
| Q2 25 | — | $25.7M | ||
| Q1 25 | — | $33.8M | ||
| Q4 24 | — | $34.3M | ||
| Q3 24 | — | $48.1M | ||
| Q2 24 | — | $24.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 20.1% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 15.9% |
| Q1 26 | 12.6% | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.3% |
| Q1 26 | 1.67× | — | ||
| Q4 25 | 7.33× | 1.78× | ||
| Q3 25 | 3.87× | 2.37× | ||
| Q2 25 | 7.52× | 1.64× | ||
| Q1 25 | 2.30× | 1.80× | ||
| Q4 24 | 18.45× | 2.31× | ||
| Q3 24 | 9.40× | 2.27× | ||
| Q2 24 | 5.14× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PECO
| Rental income | $186.3M | 98% |
| Fees and management income | $3.4M | 2% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
