Sifting through countless of stocks in the Software industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in SPS Commerce, Inc. or Workiva Inc. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how SPS Commerce, Inc. and Workiva Inc. compare based on key financial metrics to determine which better meets your investment needs.

About SPS Commerce, Inc. and Workiva Inc.

SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. It offers solutions through SPS Commerce, a cloud-based platform that connects retailers, brands, distributors, manufacturers, and logistics providers, handling the complexity of modern commerce operations. The company also provides Fulfillment, a comprehensive solution designed to streamline supply chain operation that sends and receives order data, ensuring accurate execution of required processes from order to invoicing and revenue recovery through fully automated operations; and Analytics product that simplifies managing sell-through data from customers business partners that handle data acquisition, cleansing, normalization, and delivery. In addition, it offers various complimentary products, such as assortment product, which simplifies the communication of robust, accurate item data by automatically translating item attributes, and hierarchies through single connection across all sales channels; and relationship management product that allows organizations to accelerate digitization of their supply chain and improve collaboration with suppliers through change management, onboarding programs, and supplier score carding. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.

Workiva Inc., together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company provides Workiva platform, a multi-tenant cloud software that provides data-linking capabilities; audit trail services; administrators access management; and connects and transforms data from various enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications. It serves public and private companies, government agencies, and higher-education institutions. Workiva Inc. was founded in 2008 and is headquartered in Ames, Iowa.

Latest Software and SPS Commerce, Inc., Workiva Inc. Stock News

As of September 4, 2026, SPS Commerce, Inc. had a $3.0 billion market capitalization, compared to the Software median of $1.1 million. SPS Commerce, Inc.’s stock is down 6.9% in 2026, down 2.3% in the previous five trading days and down 24.1% in the past year.

Currently, SPS Commerce, Inc.’s price-earnings ratio is 39.8. SPS Commerce, Inc.’s trailing 12-month revenue is $772.5 million with a 10.1% net profit margin. Year-over-year quarterly sales growth most recently was 5.5%. Analysts expect adjusted earnings to reach $4.903 per share for the current fiscal year. SPS Commerce, Inc. does not currently pay a dividend.

As of September 4, 2026, Workiva Inc. had a $4.2 billion market cap, putting it in the 64th percentile of all stocks. Workiva Inc.’s stock is down 11.2% in 2026, down 3.3% in the previous five trading days and up 0.66% in the past year.

Currently, Workiva Inc.’s price-earnings ratio is 91.3. Workiva Inc.’s trailing 12-month revenue is $965.7 million with a 4.9% net profit margin. Year-over-year quarterly sales growth most recently was 18.6%. Analysts expect adjusted earnings to reach $3.359 per share for the current fiscal year. Workiva Inc. does not currently pay a dividend.

How We Compare SPS Commerce, Inc. and Workiva Inc. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at SPS Commerce, Inc. and Workiva Inc.’s stock grades to see how they measure up against one another.

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SPS Commerce, Inc. and Workiva Inc. Stock Value Grades

Company	Ticker	Value
SPS Commerce, Inc.	SPSC	D
Workiva Inc.	WK	F

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

SPS Commerce, Inc. has a Value Score of 30, which is Expensive. Workiva Inc. has a Value Score of 16, which is Ultra Expensive.

The Value Stock Winner: No Clear Winner

Neither SPS Commerce, Inc. or Workiva Inc. has a high enough value grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolio. It’s important to look at a wide range of financial metrics in order to determine if SPS Commerce, Inc. or Workiva Inc. is the better investment when it comes to value.

SPS Commerce, Inc. and Workiva Inc. Growth Grades

Company	Ticker	Growth
SPS Commerce, Inc.	SPSC	B
Workiva Inc.	WK	B

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

SPS Commerce, Inc. has a Growth Score of 69, which is Strong. Workiva Inc. has a Growth Score of 69, which is Strong.

The Growth Grade Winner: It’s a Tie!

Looking at the Growth Grade breakdown above, both SPS Commerce, Inc. and Workiva Inc. have a grade of B. For investors who focus solely on a company’s upward growth, further research should be conducted into both companies’ other financial metrics before deciding whether to invest.

SPS Commerce, Inc. and Workiva Inc.’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
SPS Commerce, Inc.	SPSC	B
Workiva Inc.	WK	A

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

SPS Commerce, Inc. has a Earnings Estimate Score of 68, which is Positive. Workiva Inc. has a Earnings Estimate Score of 94, which is Very Positive.

The Earnings Estimate Revisions Grade Winner: Workiva Inc.

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, Workiva Inc. has a better Earnings Estimate Revisions Grade than SPS Commerce, Inc.. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, Workiva Inc. could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other SPS Commerce, Inc. and Workiva Inc. Grades

In addition to Estimate Revisions, Growth and Value, A+ Investor also provides grades for Momentum and Quality.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether SPS Commerce, Inc. and Workiva Inc. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, SPS Commerce, Inc. or Workiva Inc. Stock?

Overall, SPS Commerce, Inc. stock has a Value Score of 30, Growth Score of 69 and Estimate Revisions Score of 68.

Workiva Inc. stock has a Value Score of 16, Growth Score of 69 and Estimate Revisions Score of 94.

Comparing SPS Commerce, Inc. and Workiva Inc.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.