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Side-by-side financial comparison of SIMMONS FIRST NATIONAL CORP (SFNC) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
SIMMONS FIRST NATIONAL CORP is the larger business by last-quarter revenue ($197.3M vs $192.7M, roughly 1.0× SPS COMMERCE INC). On growth, SIMMONS FIRST NATIONAL CORP posted the faster year-over-year revenue change (19.6% vs 12.7%). SIMMONS FIRST NATIONAL CORP produced more free cash flow last quarter ($411.4M vs $38.2M). Over the past eight quarters, SPS COMMERCE INC's revenue compounded faster (13.5% CAGR vs 0.6%).
Simmons Bank is a bank with operations in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It is the primary subsidiary of Simmons First National Corporation, a bank holding company.
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.
SFNC vs SPSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.3M | $192.7M |
| Net Profit | — | $25.8M |
| Gross Margin | — | 70.4% |
| Operating Margin | — | 18.0% |
| Net Margin | — | 13.4% |
| Revenue YoY | 19.6% | 12.7% |
| Net Profit YoY | — | 47.2% |
| EPS (diluted) | $0.36 | $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 | $197.3M | $192.7M | ||
| Q3 25 | $186.7M | $189.9M | ||
| Q2 25 | $214.2M | $187.4M | ||
| Q1 25 | $209.6M | $181.5M | ||
| Q4 24 | $208.5M | $170.9M | ||
| Q3 24 | $174.8M | $163.7M | ||
| Q2 24 | $197.2M | $153.6M | ||
| Q1 24 | $195.1M | $149.6M |
| Q4 25 | — | $25.8M | ||
| Q3 25 | $-562.8M | $25.6M | ||
| Q2 25 | $54.8M | $19.7M | ||
| Q1 25 | $32.4M | $22.2M | ||
| Q4 24 | — | $17.6M | ||
| Q3 24 | $24.7M | $23.5M | ||
| Q2 24 | $40.8M | $18.0M | ||
| Q1 24 | $38.9M | $18.0M |
| 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 24 | — | 65.6% |
| 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 24 | — | 10.3% |
| Q4 25 | — | 13.4% | ||
| Q3 25 | -301.5% | 13.5% | ||
| Q2 25 | 25.6% | 10.5% | ||
| Q1 25 | 15.5% | 12.2% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 14.1% | 14.3% | ||
| Q2 24 | 20.7% | 11.7% | ||
| Q1 24 | 19.9% | 12.0% |
| Q4 25 | $0.36 | $0.69 | ||
| Q3 25 | $-4.00 | $0.67 | ||
| Q2 25 | $0.43 | $0.52 | ||
| Q1 25 | $0.26 | $0.58 | ||
| Q4 24 | $0.38 | $0.46 | ||
| Q3 24 | $0.20 | $0.62 | ||
| Q2 24 | $0.32 | $0.48 | ||
| Q1 24 | $0.31 | $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 | — | $151.4M |
| Total DebtLower is stronger | $620.0M | — |
| Stockholders' EquityBook value | $3.4B | $973.9M |
| Total Assets | $24.5B | $1.2B |
| Debt / EquityLower = less leverage | 0.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $151.4M | ||
| Q3 25 | — | $133.7M | ||
| Q2 25 | — | $107.6M | ||
| Q1 25 | — | $94.9M | ||
| Q4 24 | — | $241.0M | ||
| Q3 24 | — | $205.8M | ||
| Q2 24 | — | $271.8M | ||
| Q1 24 | — | $290.8M |
| Q4 25 | $620.0M | — | ||
| Q3 25 | $667.8M | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $3.4B | $973.9M | ||
| Q3 25 | $3.4B | $958.9M | ||
| Q2 25 | $3.5B | $949.8M | ||
| Q1 25 | $3.5B | $920.9M | ||
| Q4 24 | $3.5B | $854.7M | ||
| Q3 24 | $3.5B | $829.4M | ||
| Q2 24 | $3.5B | $703.4M | ||
| Q1 24 | $3.4B | $683.0M |
| Q4 25 | $24.5B | $1.2B | ||
| Q3 25 | $24.2B | $1.2B | ||
| Q2 25 | $26.7B | $1.1B | ||
| Q1 25 | $26.8B | $1.1B | ||
| Q4 24 | $26.9B | $1.0B | ||
| Q3 24 | $27.3B | $1.0B | ||
| Q2 24 | $27.4B | $854.5M | ||
| Q1 24 | $27.4B | $839.8M |
| Q4 25 | 0.18× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.28× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 0.36× | — |
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 | $449.5M | $45.9M |
| Free Cash FlowOCF − Capex | $411.4M | $38.2M |
| FCF MarginFCF / Revenue | 208.5% | 19.8% |
| Capex IntensityCapex / Revenue | 19.3% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $717.0M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $449.5M | $45.9M | ||
| Q3 25 | $223.4M | $60.6M | ||
| Q2 25 | $77.6M | $32.3M | ||
| Q1 25 | $32.8M | $40.0M | ||
| Q4 24 | $425.9M | $40.6M | ||
| Q3 24 | $199.4M | $53.3M | ||
| Q2 24 | $86.1M | $29.4M | ||
| Q1 24 | $57.6M | $34.1M |
| Q4 25 | $411.4M | $38.2M | ||
| Q3 25 | $216.7M | $54.6M | ||
| Q2 25 | $66.3M | $25.7M | ||
| Q1 25 | $22.6M | $33.8M | ||
| Q4 24 | $380.4M | $34.3M | ||
| Q3 24 | $187.7M | $48.1M | ||
| Q2 24 | $72.7M | $24.4M | ||
| Q1 24 | $47.7M | $30.5M |
| Q4 25 | 208.5% | 19.8% | ||
| Q3 25 | 116.1% | 28.7% | ||
| Q2 25 | 31.0% | 13.7% | ||
| Q1 25 | 10.8% | 18.6% | ||
| Q4 24 | 182.5% | 20.1% | ||
| Q3 24 | 107.4% | 29.4% | ||
| Q2 24 | 36.9% | 15.9% | ||
| Q1 24 | 24.5% | 20.4% |
| Q4 25 | 19.3% | 4.0% | ||
| Q3 25 | 3.6% | 3.2% | ||
| Q2 25 | 5.3% | 3.6% | ||
| Q1 25 | 4.8% | 3.4% | ||
| Q4 24 | 21.8% | 3.6% | ||
| Q3 24 | 6.7% | 3.2% | ||
| Q2 24 | 6.8% | 3.3% | ||
| Q1 24 | 5.0% | 2.4% |
| Q4 25 | — | 1.78× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | 1.42× | 1.64× | ||
| Q1 25 | 1.01× | 1.80× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 8.06× | 2.27× | ||
| Q2 24 | 2.11× | 1.63× | ||
| Q1 24 | 1.48× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SFNC
Segment breakdown not available.
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
