COMP <GO>
VIA vs SPSC // 10Y YIELD & FRED MACRO BETA
Via Transportation Inc. (Class A) (NYSE) VS. SPS Commerce Inc. (NASDAQ) • 15-METRIC TALLY: VIA 3
— SPSC 7
■ METRIC PARITY
LAST: $36.49 (+1.33%) • MKT CAP: $2.94B
macro-sensitivity
—
LAST: $82.99 (-3.25%) • MKT CAP: $3.09B
macro-sensitivity
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (VIA VS. SPSC)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | VIA | SPSC | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 39.60% | 69.20% | -29.60 | SPSC | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -23.60% | 11.40% | -35.00 | SPSC | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 20.9x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -1.11% | 4.93% | -6.04 | SPSC | /fcf-yield <GO> |
| Operating Margin | -17.60% | 15.70% | -33.30 | SPSC | /operating-margins <GO> |
| Net Profit Margin | -22.20% | 12.40% | -34.60 | SPSC | /net-margins <GO> |
| Revenue Growth (YoY) | 28.60% | 17.80% | +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 | 15.30 | 11.13 | +4.17 | VIA | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 8/9 | -4.00 | SPSC | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 65.1 | 51.5 | +13.60 | VIA | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 27.8x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $2.94B | $3.09B | -$153.1M | SPSC | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | VIA REV | SPSC REV | VIA GROSS % | SPSC GROSS % | VIA FCF | SPSC FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $434.3M | $751.5M | 39.6% | 69.2% | -$32.5M | $152.3M |
| FY 2024 | $337.6M | $637.8M | 38.8% | 67.0% | -$71.0M | $137.4M |
| FY 2023 | $248.9M | $536.9M | — | — | -$92.6M | $132.3M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
VIA // BETA —
SPSC // BETA —