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., DocuSign or 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., DocuSign and Inc. compare based on key financial metrics to determine which better meets your investment needs.

About SPS Commerce, Inc., DocuSign and 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.

DocuSign, Inc. provides electronic signature solution in the United States and internationally. The company offers AI-powered intelligent agreement management (IAM) platform to optimize the gain intelligence and automation across the entire agreement lifecycle; and provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; and Document Generation streamlines the process of generating new, custom agreements. It also provides Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; Monitor that uses advanced analytics; Notary which enables notaries public to conduct remote online notarization transactions; and Web Forms. In addition, the company offers Real Estate for eSignature that provides a way for brokers and agents to manage the entire real estate transaction digitally. eSignature and CLM are Federal Risk and Authorization Management Program (FedRAMP), an authorized version of DocuSign eSignature for U.S. federal government agencies; and life sciences modules that support compliance with the electronic signature practices. The company sells its products through direct and partner-assisted sales, and digital self-service purchasing. DocuSign, Inc. was incorporated in 2003 and is headquartered in San Francisco, California.

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

As of September 17, 2026, SPS Commerce, Inc. had a $2.9 billion market capitalization, compared to the Software median of $1.0 million. SPS Commerce, Inc.’s stock is NA in 2026, NA in the previous five trading days and down 25.56% in the past year.

Currently, SPS Commerce, Inc.’s price-earnings ratio is 38.5. 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.

Currently, DocuSign, Inc.’s price-earnings ratio is 43.0. DocuSign, Inc.’s trailing 12-month revenue is $3.4 billion with a 9.8% net profit margin. Year-over-year quarterly sales growth most recently was 9.4%. Analysts expect adjusted earnings to reach $4.621 per share for the current fiscal year. DocuSign, Inc. does not currently pay a dividend.

How We Compare SPS Commerce, Inc., DocuSign and 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., DocuSign and Inc.’s stock grades to see how they measure up against one another.

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SPS Commerce, Inc., DocuSign and Inc. Growth Grades

Company	Ticker	Growth
SPS Commerce, Inc.	SPSC	B
DocuSign, Inc.	DOCU	A

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. DocuSign, Inc. has a Growth Score of 89, which is Very Strong.

The Growth Grade Winner: DocuSign, Inc.

As you can clearly see from the Growth Grade breakdown above, DocuSign, Inc. has a more attractive growth grade than SPS Commerce, Inc.. For investors who focus solely on how a company is growing relative to other companies in the same industry, DocuSign, Inc. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

SPS Commerce, Inc., DocuSign and Inc.’s Momentum Grades

Company	Ticker	Momentum
SPS Commerce, Inc.	SPSC	B
DocuSign, Inc.	DOCU	A

Momentum grades help to 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. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

SPS Commerce, Inc. has a Momentum Score of 71, which is Strong. DocuSign, Inc. has a Momentum Score of 82, which is Very Strong.

The Momentum Grade Winner: DocuSign, Inc.

As you can clearly see from the Momentum Grade breakdown above, DocuSign, Inc. is considered to have stronger momentum compared to SPS Commerce, Inc.. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, DocuSign, Inc. could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

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

Company	Ticker	Earnings Estimate
SPS Commerce, Inc.	SPSC	B
DocuSign, Inc.	DOCU	B

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 65, which is Positive. DocuSign, Inc. has a Earnings Estimate Score of 71, which is Positive.

The Earnings Estimate Revisions Grade Winner: It’s a Tie!

Looking at the Earnings Estimate Revisions Grade breakdown above, both SPS Commerce, Inc., DocuSign and Inc. have a grade of B. For those focusing solely on a company’s estimate revisions, other financial metrics will need to be evaluated to determine whether SPS Commerce, Inc., DocuSign or Inc. is a better fit.

Other SPS Commerce, Inc., DocuSign and Inc. Grades

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

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 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., DocuSign and 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., DocuSign or Inc. Stock?

Overall, SPS Commerce, Inc. stock has a Growth Score of 69, Momentum Score of 71 and Estimate Revisions Score of 65.

DocuSign, Inc. stock has a Growth Score of 89, Momentum Score of 82 and Estimate Revisions Score of 71.

Comparing SPS Commerce, Inc., DocuSign and 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.