$SPS Commerce (SPSC.US)$Excluded from the fall 2022 inventor...

Launched in 2010, it is mainly a supply chain management software business. 84% of the market is in the US, and the current price is 186.1.

Revenue has continued to grow over the past 5 years, with an average growth rate of 15.5%, and operating profit continued to grow, with an average growth rate of 48%. Among them, the average growth rate for the past 3 years dropped to 22.8%, and the average growth rate of net profit for the past 3 years was 17.8%.

In the first three quarters of 2023, revenue increased 19.2%, operating profit increased 4.2%, and net profit increased 19.4% due to other revenue.

Currently, the price-earnings ratio is 124.9 and the price-earnings ratio is TTM110.8. Even after 5 years of growth at a 20% growth rate, the price-earnings ratio has only dropped to 50.2, which is still unattractive.