8x8 vs SPS Commerce
8x8 and SPS Commerce are similar in size: $736m and $752m of revenue in their latest fiscal years. SPS Commerce grew faster (17.8% against 2.9%). SPS Commerce kept more of each dollar of sales as profit: a net margin of 12.4% against 0.2%.
| Latest fiscal year | 8x8EGHT, 2026 | SPS CommerceSPSC, 2025 |
|---|---|---|
| Revenue | $736m | $752m |
| Revenue growth | 2.9% | 17.8% |
| Net income | $1.6m | $93.3m |
| Operating margin | 2.6% | — |
| Net margin | 0.2% | 12.4% |
| Return on equity | 1.2% | 10.2% |
| Free cash flow | $52.1m | $152m |
| Cash | $93.3m | $151m |
| Total debt | $321m | $0 |
| Debt to equity | 219.3% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $1.8m | $114m |
| Employees | 1,819 | — |
| Market value | $299m | $3.03bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 22 (Weak) | 64 (Moderate) |
| Insider trades, 12 months | 0 buys, 7 sales | 0 buys, 14 sales |