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Side-by-side financial comparison of ROGERS CORP (ROG) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $192.7M, roughly 1.0× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs 2.2%, a 11.2% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs 5.2%). SPS COMMERCE INC produced more free cash flow last quarter ($38.2M vs $1.1M). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs -3.3%).
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
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.
ROG vs SPSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $200.5M | $192.7M |
| Net Profit | $4.5M | $25.8M |
| Gross Margin | 32.2% | 70.4% |
| Operating Margin | — | 18.0% |
| Net Margin | 2.2% | 13.4% |
| Revenue YoY | 5.2% | 12.7% |
| Net Profit YoY | 421.4% | 47.2% |
| EPS (diluted) | $0.25 | $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 | $200.5M | — | ||
| Q4 25 | $201.5M | $192.7M | ||
| Q3 25 | $216.0M | $189.9M | ||
| Q2 25 | $202.8M | $187.4M | ||
| Q1 25 | $190.5M | $181.5M | ||
| Q4 24 | $192.2M | $170.9M | ||
| Q3 24 | $210.3M | $163.7M | ||
| Q2 24 | $214.2M | $153.6M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.6M | $25.8M | ||
| Q3 25 | $8.6M | $25.6M | ||
| Q2 25 | $-73.6M | $19.7M | ||
| Q1 25 | $-1.4M | $22.2M | ||
| Q4 24 | $-500.0K | $17.6M | ||
| Q3 24 | $10.7M | $23.5M | ||
| Q2 24 | $8.1M | $18.0M |
| Q1 26 | 32.2% | — | ||
| Q4 25 | 31.5% | 70.4% | ||
| Q3 25 | 33.5% | 69.5% | ||
| Q2 25 | 31.6% | 68.1% | ||
| Q1 25 | 29.9% | 68.7% | ||
| Q4 24 | 32.1% | 67.5% | ||
| Q3 24 | 35.2% | 68.5% | ||
| Q2 24 | 34.1% | 66.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 18.0% | ||
| Q3 25 | 7.3% | 16.4% | ||
| Q2 25 | -33.3% | 14.1% | ||
| Q1 25 | -0.2% | 14.3% | ||
| Q4 24 | -6.6% | 14.5% | ||
| Q3 24 | 6.9% | 15.6% | ||
| Q2 24 | 5.3% | 15.1% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 2.3% | 13.4% | ||
| Q3 25 | 4.0% | 13.5% | ||
| Q2 25 | -36.3% | 10.5% | ||
| Q1 25 | -0.7% | 12.2% | ||
| Q4 24 | -0.3% | 10.3% | ||
| Q3 24 | 5.1% | 14.3% | ||
| Q2 24 | 3.8% | 11.7% |
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.20 | $0.69 | ||
| Q3 25 | $0.48 | $0.67 | ||
| Q2 25 | $-4.00 | $0.52 | ||
| Q1 25 | $-0.08 | $0.58 | ||
| Q4 24 | $-0.04 | $0.46 | ||
| Q3 24 | $0.58 | $0.62 | ||
| Q2 24 | $0.44 | $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 | $195.8M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $973.9M |
| Total Assets | $1.4B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $195.8M | — | ||
| Q4 25 | $197.0M | $151.4M | ||
| Q3 25 | $167.8M | $133.7M | ||
| Q2 25 | $157.2M | $107.6M | ||
| Q1 25 | $175.6M | $94.9M | ||
| Q4 24 | $159.8M | $241.0M | ||
| Q3 24 | $146.4M | $205.8M | ||
| Q2 24 | $119.9M | $271.8M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $973.9M | ||
| Q3 25 | $1.2B | $958.9M | ||
| Q2 25 | $1.2B | $949.8M | ||
| Q1 25 | $1.3B | $920.9M | ||
| Q4 24 | $1.3B | $854.7M | ||
| Q3 24 | $1.3B | $829.4M | ||
| Q2 24 | $1.3B | $703.4M |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $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 | $5.8M | $45.9M |
| Free Cash FlowOCF − Capex | $1.1M | $38.2M |
| FCF MarginFCF / Revenue | 0.5% | 19.8% |
| Capex IntensityCapex / Revenue | 2.3% | 4.0% |
| Cash ConversionOCF / Net Profit | 1.29× | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $70.1M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $5.8M | — | ||
| Q4 25 | $46.9M | $45.9M | ||
| Q3 25 | $28.9M | $60.6M | ||
| Q2 25 | $13.7M | $32.3M | ||
| Q1 25 | $11.7M | $40.0M | ||
| Q4 24 | $33.7M | $40.6M | ||
| Q3 24 | $42.4M | $53.3M | ||
| Q2 24 | $22.9M | $29.4M |
| Q1 26 | $1.1M | — | ||
| Q4 25 | $42.2M | $38.2M | ||
| Q3 25 | $21.2M | $54.6M | ||
| Q2 25 | $5.6M | $25.7M | ||
| Q1 25 | $2.1M | $33.8M | ||
| Q4 24 | $18.3M | $34.3M | ||
| Q3 24 | $25.2M | $48.1M | ||
| Q2 24 | $8.8M | $24.4M |
| Q1 26 | 0.5% | — | ||
| Q4 25 | 20.9% | 19.8% | ||
| Q3 25 | 9.8% | 28.7% | ||
| Q2 25 | 2.8% | 13.7% | ||
| Q1 25 | 1.1% | 18.6% | ||
| Q4 24 | 9.5% | 20.1% | ||
| Q3 24 | 12.0% | 29.4% | ||
| Q2 24 | 4.1% | 15.9% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | 2.3% | 4.0% | ||
| Q3 25 | 3.6% | 3.2% | ||
| Q2 25 | 4.0% | 3.6% | ||
| Q1 25 | 5.0% | 3.4% | ||
| Q4 24 | 8.0% | 3.6% | ||
| Q3 24 | 8.2% | 3.2% | ||
| Q2 24 | 6.6% | 3.3% |
| Q1 26 | 1.29× | — | ||
| Q4 25 | 10.20× | 1.78× | ||
| Q3 25 | 3.36× | 2.37× | ||
| Q2 25 | — | 1.64× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 3.96× | 2.27× | ||
| Q2 24 | 2.83× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ROG
Segment breakdown not available.
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
