vs
Side-by-side financial comparison of STURM RUGER & CO INC (RGR) 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 $151.1M, roughly 1.3× STURM RUGER & CO INC). On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs 3.6%). SPS COMMERCE INC produced more free cash flow last quarter ($38.2M vs $12.3M). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs 5.1%).
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
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.
RGR vs SPSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $151.1M | $192.7M |
| Net Profit | — | $25.8M |
| Gross Margin | 17.8% | 70.4% |
| Operating Margin | 2.3% | 18.0% |
| Net Margin | — | 13.4% |
| Revenue YoY | 3.6% | 12.7% |
| Net Profit YoY | — | 47.2% |
| EPS (diluted) | $0.22 | $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 | $151.1M | $192.7M | ||
| Q3 25 | $126.8M | $189.9M | ||
| Q2 25 | $132.5M | $187.4M | ||
| Q1 25 | $135.7M | $181.5M | ||
| Q4 24 | $145.8M | $170.9M | ||
| Q3 24 | $122.3M | $163.7M | ||
| Q2 24 | $130.8M | $153.6M | ||
| Q1 24 | $136.8M | $149.6M |
| Q4 25 | — | $25.8M | ||
| Q3 25 | $1.6M | $25.6M | ||
| Q2 25 | $-17.2M | $19.7M | ||
| Q1 25 | $7.8M | $22.2M | ||
| Q4 24 | — | $17.6M | ||
| Q3 24 | $4.7M | $23.5M | ||
| Q2 24 | $8.3M | $18.0M | ||
| Q1 24 | $7.1M | $18.0M |
| Q4 25 | 17.8% | 70.4% | ||
| Q3 25 | 15.1% | 69.5% | ||
| Q2 25 | 3.9% | 68.1% | ||
| Q1 25 | 22.0% | 68.7% | ||
| Q4 24 | 22.8% | 67.5% | ||
| Q3 24 | 18.5% | 68.5% | ||
| Q2 24 | 22.3% | 66.1% | ||
| Q1 24 | 21.5% | 65.6% |
| Q4 25 | 2.3% | 18.0% | ||
| Q3 25 | -2.7% | 16.4% | ||
| Q2 25 | -15.6% | 14.1% | ||
| Q1 25 | 6.2% | 14.3% | ||
| Q4 24 | 7.8% | 14.5% | ||
| Q3 24 | 3.1% | 15.6% | ||
| Q2 24 | 6.9% | 15.1% | ||
| Q1 24 | 5.5% | 10.3% |
| Q4 25 | — | 13.4% | ||
| Q3 25 | 1.2% | 13.5% | ||
| Q2 25 | -13.0% | 10.5% | ||
| Q1 25 | 5.7% | 12.2% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 3.9% | 14.3% | ||
| Q2 24 | 6.3% | 11.7% | ||
| Q1 24 | 5.2% | 12.0% |
| Q4 25 | $0.22 | $0.69 | ||
| Q3 25 | $0.10 | $0.67 | ||
| Q2 25 | $-1.05 | $0.52 | ||
| Q1 25 | $0.46 | $0.58 | ||
| Q4 24 | $0.62 | $0.46 | ||
| Q3 24 | $0.28 | $0.62 | ||
| Q2 24 | $0.47 | $0.48 | ||
| Q1 24 | $0.40 | $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 | $92.5M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $283.8M | $973.9M |
| Total Assets | $342.0M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $92.5M | $151.4M | ||
| Q3 25 | $80.8M | $133.7M | ||
| Q2 25 | $101.4M | $107.6M | ||
| Q1 25 | $108.3M | $94.9M | ||
| Q4 24 | $105.5M | $241.0M | ||
| Q3 24 | $96.0M | $205.8M | ||
| Q2 24 | $105.6M | $271.8M | ||
| Q1 24 | $115.3M | $290.8M |
| Q4 25 | $283.8M | $973.9M | ||
| Q3 25 | $279.6M | $958.9M | ||
| Q2 25 | $289.3M | $949.8M | ||
| Q1 25 | $321.5M | $920.9M | ||
| Q4 24 | $319.6M | $854.7M | ||
| Q3 24 | $314.9M | $829.4M | ||
| Q2 24 | $321.5M | $703.4M | ||
| Q1 24 | $332.0M | $683.0M |
| Q4 25 | $342.0M | $1.2B | ||
| Q3 25 | $342.3M | $1.2B | ||
| Q2 25 | $349.5M | $1.1B | ||
| Q1 25 | $379.0M | $1.1B | ||
| Q4 24 | $384.0M | $1.0B | ||
| Q3 24 | $373.5M | $1.0B | ||
| Q2 24 | $376.7M | $854.5M | ||
| Q1 24 | $385.0M | $839.8M |
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 | $15.5M | $45.9M |
| Free Cash FlowOCF − Capex | $12.3M | $38.2M |
| FCF MarginFCF / Revenue | 8.2% | 19.8% |
| Capex IntensityCapex / Revenue | 2.1% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $38.5M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.5M | $45.9M | ||
| Q3 25 | $12.9M | $60.6M | ||
| Q2 25 | $14.7M | $32.3M | ||
| Q1 25 | $11.1M | $40.0M | ||
| Q4 24 | $20.0M | $40.6M | ||
| Q3 24 | $9.4M | $53.3M | ||
| Q2 24 | $18.7M | $29.4M | ||
| Q1 24 | $7.3M | $34.1M |
| Q4 25 | $12.3M | $38.2M | ||
| Q3 25 | $7.0M | $54.6M | ||
| Q2 25 | $9.1M | $25.7M | ||
| Q1 25 | $10.0M | $33.8M | ||
| Q4 24 | $16.4M | $34.3M | ||
| Q3 24 | $2.6M | $48.1M | ||
| Q2 24 | $10.1M | $24.4M | ||
| Q1 24 | $5.6M | $30.5M |
| Q4 25 | 8.2% | 19.8% | ||
| Q3 25 | 5.5% | 28.7% | ||
| Q2 25 | 6.9% | 13.7% | ||
| Q1 25 | 7.4% | 18.6% | ||
| Q4 24 | 11.2% | 20.1% | ||
| Q3 24 | 2.1% | 29.4% | ||
| Q2 24 | 7.7% | 15.9% | ||
| Q1 24 | 4.1% | 20.4% |
| Q4 25 | 2.1% | 4.0% | ||
| Q3 25 | 4.6% | 3.2% | ||
| Q2 25 | 4.2% | 3.6% | ||
| Q1 25 | 0.8% | 3.4% | ||
| Q4 24 | 2.5% | 3.6% | ||
| Q3 24 | 5.5% | 3.2% | ||
| Q2 24 | 6.6% | 3.3% | ||
| Q1 24 | 1.3% | 2.4% |
| Q4 25 | — | 1.78× | ||
| Q3 25 | 8.15× | 2.37× | ||
| Q2 25 | — | 1.64× | ||
| Q1 25 | 1.43× | 1.80× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 1.98× | 2.27× | ||
| Q2 24 | 2.27× | 1.63× | ||
| Q1 24 | 1.04× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
