SPSC vs. FTNT
Compare and contrast key facts about SPS Commerce, Inc. (SPSC) and Fortinet, Inc. (FTNT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPSC or FTNT.
Correlation
The correlation between SPSC and FTNT is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPSC vs. FTNT - Performance Comparison
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Key characteristics
SPSC:
-0.59
FTNT:
1.80
SPSC:
-0.55
FTNT:
2.80
SPSC:
0.93
FTNT:
1.38
SPSC:
-0.44
FTNT:
2.29
SPSC:
-0.92
FTNT:
9.78
SPSC:
20.89%
FTNT:
7.27%
SPSC:
36.21%
FTNT:
42.30%
SPSC:
-49.97%
FTNT:
-51.20%
SPSC:
-29.50%
FTNT:
-10.94%
Fundamentals
SPSC:
$5.46B
FTNT:
$74.57B
SPSC:
$2.14
FTNT:
$2.43
SPSC:
67.23
FTNT:
40.09
SPSC:
4.71
FTNT:
2.73
SPSC:
8.16
FTNT:
12.14
SPSC:
5.93
FTNT:
37.99
SPSC:
$669.74M
FTNT:
$6.14B
SPSC:
$448.76M
FTNT:
$5.00B
SPSC:
$135.81M
FTNT:
$1.70B
Returns By Period
In the year-to-date period, SPSC achieves a -17.46% return, which is significantly lower than FTNT's 8.00% return. Over the past 10 years, SPSC has underperformed FTNT with an annualized return of 16.38%, while FTNT has yielded a comparatively higher 29.55% annualized return.
SPSC
-17.46%
15.32%
-18.86%
-21.09%
22.12%
16.38%
FTNT
8.00%
4.41%
5.00%
75.45%
30.18%
29.55%
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Risk-Adjusted Performance
SPSC vs. FTNT — Risk-Adjusted Performance Rank
SPSC
FTNT
SPSC vs. FTNT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPS Commerce, Inc. (SPSC) and Fortinet, Inc. (FTNT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
SPSC vs. FTNT - Dividend Comparison
Neither SPSC nor FTNT has paid dividends to shareholders.
Drawdowns
SPSC vs. FTNT - Drawdown Comparison
The maximum SPSC drawdown since its inception was -49.97%, roughly equal to the maximum FTNT drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for SPSC and FTNT. For additional features, visit the drawdowns tool.
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Volatility
SPSC vs. FTNT - Volatility Comparison
The current volatility for SPS Commerce, Inc. (SPSC) is 8.86%, while Fortinet, Inc. (FTNT) has a volatility of 13.35%. This indicates that SPSC experiences smaller price fluctuations and is considered to be less risky than FTNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
SPSC vs. FTNT - Financials Comparison
This section allows you to compare key financial metrics between SPS Commerce, Inc. and Fortinet, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SPSC vs. FTNT - Profitability Comparison
SPSC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, SPS Commerce, Inc. reported a gross profit of 124.64M and revenue of 181.55M. Therefore, the gross margin over that period was 68.7%.
FTNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported a gross profit of 1.25B and revenue of 1.54B. Therefore, the gross margin over that period was 81.0%.
SPSC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, SPS Commerce, Inc. reported an operating income of 25.96M and revenue of 181.55M, resulting in an operating margin of 14.3%.
FTNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported an operating income of 453.80M and revenue of 1.54B, resulting in an operating margin of 29.5%.
SPSC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, SPS Commerce, Inc. reported a net income of 22.20M and revenue of 181.55M, resulting in a net margin of 12.2%.
FTNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported a net income of 433.40M and revenue of 1.54B, resulting in a net margin of 28.2%.