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Side-by-side financial comparison of Smith Douglas Homes Corp. (SDHC) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $192.7M, roughly 1.4× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs 1.4%, a 12.1% gap on every dollar of revenue. On growth, SPS COMMERCE INC posted the faster year-over-year revenue change (12.7% vs -9.4%). SPS COMMERCE INC produced more free cash flow last quarter ($38.2M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs 13.5%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
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.
SDHC vs SPSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $260.4M | $192.7M |
| Net Profit | $3.5M | $25.8M |
| Gross Margin | 19.9% | 70.4% |
| Operating Margin | 6.5% | 18.0% |
| Net Margin | 1.4% | 13.4% |
| Revenue YoY | -9.4% | 12.7% |
| Net Profit YoY | -14.3% | 47.2% |
| EPS (diluted) | $0.39 | $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 | $260.4M | $192.7M | ||
| Q3 25 | $262.0M | $189.9M | ||
| Q2 25 | $223.9M | $187.4M | ||
| Q1 25 | $224.7M | $181.5M | ||
| Q4 24 | $287.5M | $170.9M | ||
| Q3 24 | $277.8M | $163.7M | ||
| Q2 24 | $220.9M | $153.6M | ||
| Q1 24 | $189.2M | $149.6M |
| Q4 25 | $3.5M | $25.8M | ||
| Q3 25 | $2.1M | $25.6M | ||
| Q2 25 | $2.4M | $19.7M | ||
| Q1 25 | $2.7M | $22.2M | ||
| Q4 24 | $4.1M | $17.6M | ||
| Q3 24 | $5.3M | $23.5M | ||
| Q2 24 | $3.6M | $18.0M | ||
| Q1 24 | $3.0M | $18.0M |
| Q4 25 | 19.9% | 70.4% | ||
| Q3 25 | 21.0% | 69.5% | ||
| Q2 25 | 23.2% | 68.1% | ||
| Q1 25 | 23.8% | 68.7% | ||
| Q4 24 | 25.5% | 67.5% | ||
| Q3 24 | 26.5% | 68.5% | ||
| Q2 24 | 26.7% | 66.1% | ||
| Q1 24 | 26.1% | 65.6% |
| Q4 25 | 6.5% | 18.0% | ||
| Q3 25 | 6.6% | 16.4% | ||
| Q2 25 | 7.7% | 14.1% | ||
| Q1 25 | 8.7% | 14.3% | ||
| Q4 24 | 10.4% | 14.5% | ||
| Q3 24 | 14.2% | 15.6% | ||
| Q2 24 | 11.7% | 15.1% | ||
| Q1 24 | 11.3% | 10.3% |
| Q4 25 | 1.4% | 13.4% | ||
| Q3 25 | 0.8% | 13.5% | ||
| Q2 25 | 1.1% | 10.5% | ||
| Q1 25 | 1.2% | 12.2% | ||
| Q4 24 | 1.4% | 10.3% | ||
| Q3 24 | 1.9% | 14.3% | ||
| Q2 24 | 1.7% | 11.7% | ||
| Q1 24 | 1.6% | 12.0% |
| Q4 25 | $0.39 | $0.69 | ||
| Q3 25 | $0.24 | $0.67 | ||
| Q2 25 | $0.26 | $0.52 | ||
| Q1 25 | $0.30 | $0.58 | ||
| Q4 24 | $0.50 | $0.46 | ||
| Q3 24 | $0.58 | $0.62 | ||
| Q2 24 | $0.40 | $0.48 | ||
| Q1 24 | $0.33 | $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 | $12.7M | $151.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $86.7M | $973.9M |
| Total Assets | $557.6M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.7M | $151.4M | ||
| Q3 25 | $14.8M | $133.7M | ||
| Q2 25 | $16.8M | $107.6M | ||
| Q1 25 | $12.7M | $94.9M | ||
| Q4 24 | $22.4M | $241.0M | ||
| Q3 24 | $23.7M | $205.8M | ||
| Q2 24 | $17.3M | $271.8M | ||
| Q1 24 | $32.8M | $290.8M |
| Q4 25 | $86.7M | $973.9M | ||
| Q3 25 | $82.2M | $958.9M | ||
| Q2 25 | $80.0M | $949.8M | ||
| Q1 25 | $76.9M | $920.9M | ||
| Q4 24 | $73.6M | $854.7M | ||
| Q3 24 | $68.4M | $829.4M | ||
| Q2 24 | $62.1M | $703.4M | ||
| Q1 24 | $59.7M | $683.0M |
| Q4 25 | $557.6M | $1.2B | ||
| Q3 25 | $571.6M | $1.2B | ||
| Q2 25 | $570.2M | $1.1B | ||
| Q1 25 | $513.9M | $1.1B | ||
| Q4 24 | $475.9M | $1.0B | ||
| Q3 24 | $460.1M | $1.0B | ||
| Q2 24 | $429.3M | $854.5M | ||
| Q1 24 | $401.3M | $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 | $9.8M | $45.9M |
| Free Cash FlowOCF − Capex | $8.7M | $38.2M |
| FCF MarginFCF / Revenue | 3.4% | 19.8% |
| Capex IntensityCapex / Revenue | 0.4% | 4.0% |
| Cash ConversionOCF / Net Profit | 2.77× | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $-36.9M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.8M | $45.9M | ||
| Q3 25 | $22.8M | $60.6M | ||
| Q2 25 | $-28.9M | $32.3M | ||
| Q1 25 | $-34.9M | $40.0M | ||
| Q4 24 | $5.5M | $40.6M | ||
| Q3 24 | $22.9M | $53.3M | ||
| Q2 24 | $39.0K | $29.4M | ||
| Q1 24 | $-9.3M | $34.1M |
| Q4 25 | $8.7M | $38.2M | ||
| Q3 25 | $21.4M | $54.6M | ||
| Q2 25 | $-31.1M | $25.7M | ||
| Q1 25 | $-35.9M | $33.8M | ||
| Q4 24 | $4.8M | $34.3M | ||
| Q3 24 | $22.3M | $48.1M | ||
| Q2 24 | $-2.1M | $24.4M | ||
| Q1 24 | $-9.7M | $30.5M |
| Q4 25 | 3.4% | 19.8% | ||
| Q3 25 | 8.2% | 28.7% | ||
| Q2 25 | -13.9% | 13.7% | ||
| Q1 25 | -16.0% | 18.6% | ||
| Q4 24 | 1.7% | 20.1% | ||
| Q3 24 | 8.0% | 29.4% | ||
| Q2 24 | -1.0% | 15.9% | ||
| Q1 24 | -5.1% | 20.4% |
| Q4 25 | 0.4% | 4.0% | ||
| Q3 25 | 0.5% | 3.2% | ||
| Q2 25 | 0.9% | 3.6% | ||
| Q1 25 | 0.5% | 3.4% | ||
| Q4 24 | 0.2% | 3.6% | ||
| Q3 24 | 0.2% | 3.2% | ||
| Q2 24 | 1.0% | 3.3% | ||
| Q1 24 | 0.2% | 2.4% |
| Q4 25 | 2.77× | 1.78× | ||
| Q3 25 | 10.70× | 2.37× | ||
| Q2 25 | -12.24× | 1.64× | ||
| Q1 25 | -13.01× | 1.80× | ||
| Q4 24 | 1.33× | 2.31× | ||
| Q3 24 | 4.28× | 2.27× | ||
| Q2 24 | 0.01× | 1.63× | ||
| Q1 24 | -3.12× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
