COMP <GO>
SPSC vs TSM // GROSS PROFIT MARGIN
SPS Commerce Inc. (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: SPSC 4
— TSM 7
■ METRIC PARITY
LAST: $85.78 (+0.22%) • MKT CAP: $3.09B
gross-margins
69.20%
LAST: $431.81 (-1.75%) • MKT CAP: $2.24T
gross-margins
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SPSC VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SPSC | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin ACTIVE | 69.20% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 11.40% | 14.90% | -3.50 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation | 20.9x | 14.9x | +6.00 | TSM | /valuation <GO> |
| Free Cash Flow Yield | 4.93% | 3.99% | +0.94 | SPSC | /fcf-yield <GO> |
| Operating Margin | 15.70% | 21.10% | -5.40 | TSM | /operating-margins <GO> |
| Net Profit Margin | 12.40% | 16.40% | -4.00 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | 17.80% | -3.30% | +21.10 | SPSC | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 11.13 | 3.87 | +7.26 | SPSC | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 7/9 | +1.00 | SPSC | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 44.6 | 49.4 | -4.80 | TSM | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 1.42 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 27.8x | 20.2x | +7.60 | TSM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $3.09B | $2.24T | -$2.24T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SPSC REV | TSM REV | SPSC GROSS % | TSM GROSS % | SPSC FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $751.5M | — | 69.2% | — | $152.3M | — |
| FY 2024 | $637.8M | — | 67.0% | — | $137.4M | — |
| FY 2023 | $536.9M | — | — | — | $132.3M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SPSC // BETA —
TSM // BETA 1.42