COMP <GO>
SPSC vs VIA // EV/EBITDA & P/E VALUATION
SPS Commerce Inc. (NASDAQ) VS. Via Transportation Inc. (Class A) (NYSE) • 15-METRIC TALLY: SPSC 7
— VIA 3
■ METRIC PARITY
LAST: $85.78 (+0.22%) • MKT CAP: $3.09B
valuation
20.9x
LAST: $36.01 (-1.04%) • MKT CAP: $2.94B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SPSC VS. VIA)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SPSC | VIA | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 69.20% | 39.60% | +29.60 | SPSC | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 11.40% | -23.60% | +35.00 | SPSC | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 20.9x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 4.93% | -1.11% | +6.04 | SPSC | /fcf-yield <GO> |
| Operating Margin | 15.70% | -17.60% | +33.30 | SPSC | /operating-margins <GO> |
| Net Profit Margin | 12.40% | -22.20% | +34.60 | SPSC | /net-margins <GO> |
| Revenue Growth (YoY) | 17.80% | 28.60% | -10.80 | VIA | /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 | 15.30 | -4.17 | VIA | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 4/9 | +4.00 | SPSC | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 44.6 | 68.2 | -23.63 | VIA | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 27.8x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $3.09B | $2.94B | $153.1M | SPSC | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SPSC REV | VIA REV | SPSC GROSS % | VIA GROSS % | SPSC FCF | VIA FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $751.5M | $434.3M | 69.2% | 39.6% | $152.3M | -$32.5M |
| FY 2024 | $637.8M | $337.6M | 67.0% | 38.8% | $137.4M | -$71.0M |
| FY 2023 | $536.9M | $248.9M | — | — | $132.3M | -$92.6M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SPSC // BETA —
VIA // BETA —