COMP <GO>
SPSC vs AAPL // ALTMAN Z-SCORE & DEBT/EQUITY
SPS Commerce Inc. (NASDAQ) VS. Apple Inc. (NASDAQ) • 15-METRIC TALLY: SPSC 5
— AAPL 8
▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: AAPL
LAST: $85.08 (+2.52%) • MKT CAP: $3.02B
balance-sheet
11.13
LAST: $338.32 (-1.83%) • MKT CAP: $4.94T
balance-sheet
12.48
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SPSC VS. AAPL)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SPSC | AAPL | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 69.20% | 48.79% | +20.41 | SPSC | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 11.40% | 81.14% | -69.74 | AAPL | /roic <GO> |
| EV/EBITDA & P/E Valuation | 20.9x | 28.4x | -7.53 | SPSC | /valuation <GO> |
| Free Cash Flow Yield | 4.93% | 2.81% | +2.12 | SPSC | /fcf-yield <GO> |
| Operating Margin | 15.70% | 33.01% | -17.31 | AAPL | /operating-margins <GO> |
| Net Profit Margin | 12.40% | 27.60% | -15.20 | AAPL | /net-margins <GO> |
| Revenue Growth (YoY) | 17.80% | 15.06% | +2.74 | SPSC | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.33% | -0.33 | AAPL | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 11.13 | 12.48 | -1.35 | AAPL | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 9/9 | -1.00 | AAPL | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | 5.08% | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 50.2 | 59.9 | -9.70 | AAPL | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 1.14 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 27.8x | 35.8x | -7.96 | SPSC | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $3.02B | $4.94T | -$4.93T | AAPL | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SPSC REV | AAPL REV | SPSC GROSS % | AAPL GROSS % | SPSC FCF | AAPL FCF |
|---|---|---|---|---|---|---|
| FY 2026 | — | $478.83B | — | 48.8% | — | $136.06B |
| FY 2025 | $751.5M | $416.16B | 69.2% | 46.9% | $152.3M | $98.77B |
| FY 2024 | $637.8M | $391.04B | 67.0% | 46.2% | $137.4M | $108.81B |
| FY 2023 | $536.9M | $383.29B | — | 44.1% | $132.3M | $99.58B |
| FY 2022 | — | $394.33B | — | 43.3% | — | $111.44B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SPSC // BETA —
AAPL // BETA 1.14