Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the quick ratio (acid-test) high or low?
The quick ratio (acid-test) of 2.26 is 21% below its 5-year average of 2.84, near the low end of its 5-year range (1.64–3.72).
As of the fiscal period ended Tuesday, June 30, 2026. 9.18% above its 12-month average of 2.07.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 2.26.
QUICK RATIO (ACID-TEST)
2.26
QUICK RATIO (ACID-TEST) AVG TTM
2.07
QUICK RATIO (ACID-TEST) AVG 3Y
2.50
QUICK RATIO (ACID-TEST) AVG 5Y
2.84
QUICK RATIO (ACID-TEST) AVG 10Y
3.62
QUICK RATIO (ACID-TEST) AVG 15Y
4.11
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+9.18%
CURRENT VS 3Y AVG
-9.53%
CURRENT VS 5Y AVG
-20.60%
CURRENT VS 10Y AVG
-37.62%
CURRENT VS 15Y AVG
-45.06%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
1.72
median of 610 covered companies
CURRENT VS SECTOR MEDIAN
+31.33%
vs the sector median at left
SPS Commerce, Inc.
Market Cap
$2.90B
Quick Ratio (Acid-Test)
2.26
TTM Avg
2.07
3Y Avg
2.50
5Y Avg
2.84
Market Cap
$2.97B
Quick Ratio (Acid-Test)
1.10
TTM Avg
1.95
3Y Avg
1.87
5Y Avg
1.67
Market Cap
$2.97B
Quick Ratio (Acid-Test)
1.78
TTM Avg
1.76
3Y Avg
1.63
5Y Avg
1.69
Market Cap
$2.83B
Quick Ratio (Acid-Test)
1.58
TTM Avg
1.71
3Y Avg
1.61
5Y Avg
1.64
Market Cap
$3.01B
Quick Ratio (Acid-Test)
4.70
TTM Avg
5.22
3Y Avg
6.06
5Y Avg
6.72
Market Cap
$2.80B
Quick Ratio (Acid-Test)
1.00
TTM Avg
1.19
3Y Avg
1.27
5Y Avg
1.50
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SPS Commerce, Inc. (SPSC) | $2.90B | 2.26 | 2.07 | 2.50 | 2.84 |
| Penguin Solutions, Inc. (PENG)vs › | $2.97B | 1.10 | 1.95 | 1.87 | 1.67 |
| StoneCo Ltd. (STNE)vs › | $2.88B | 1.26 | 1.33 | 1.29 | 1.45 |
| Intapp, Inc. (INTA)vs › | $2.86B | 0.78 | 1.04 | 1.08 | 0.99 |
| NetScout Systems, Inc. (NTCT)vs › | $2.97B | 1.78 | 1.76 | 1.63 | 1.69 |
| Cellebrite DI Ltd. (CLBT)vs › | $2.83B | 1.58 | 1.71 | 1.61 | 1.64 |
| Braze, Inc. (BRZE)vs › | $2.98B | 1.27 | 1.67 | 2.02 | 2.18 |
| Power Integrations, Inc. (POWI)vs › | $3.01B | 4.70 | 5.22 | 6.06 | 6.72 |
| Appian Corporation (APPN)vs › | $2.80B | 1.00 | 1.19 | 1.27 | 1.50 |
| Teradata Corporation (TDC)vs › | $2.80B | 0.91 | 0.84 | 0.89 | 0.95 |
Quick Ratio
2.26
Excludes inventory
Current Ratio
2.26
Includes inventory
Quick Ratio = (Current Assets − Inventory) / Current Liabilities
The quick ratio is a stricter liquidity measure that excludes inventory, showing the ability to meet short-term obligations with the most liquid assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | QUICK RATIO (ACID-TEST) |
|---|---|
| 2026-06-30 | 2.26 |
| 2026-03-31 | 2.12 |
| 2025-12-31 | 2.17 |
| 2025-09-30 | 1.97 |
| 2025-06-30 | 1.82 |
| 2025-03-31 | 1.64 |
| 2024-12-31 | 2.60 |
| 2024-09-30 | 2.36 |
| 2024-06-30 | 3.17 |
| 2024-03-31 | 3.13 |
| 2023-12-31 | 3.07 |
| 2023-09-30 | 2.71 |
| 2023-06-30 | 3.44 |
| 2023-03-31 | 3.24 |
| 2022-12-31 | 2.92 |
| 2022-09-30 | 3.22 |
| 2022-06-30 | 3.61 |
| 2022-03-31 | 3.72 |
| 2021-12-31 | 3.43 |
| 2021-09-30 | 3.62 |
| 2021-06-30 | 3.53 |
| 2021-03-31 | 3.56 |
| 2020-12-31 | 2.91 |
| 2020-09-30 | 4.79 |
| 2020-06-30 | 4.55 |
| 2020-03-31 | 4.68 |
| 2019-12-31 | 4.29 |
| 2019-09-30 | 3.95 |
| 2019-06-30 | 4.07 |
| 2019-03-31 | 4.17 |
| 2018-12-31 | 3.81 |
| 2018-09-30 | 4.50 |
| 2018-06-30 | 4.29 |
| 2018-03-31 | 4.69 |
| 2017-12-31 | 4.50 |
| 2017-09-30 | 5.15 |
| 2017-06-30 | 4.94 |
| 2017-03-31 | 4.89 |
| 2016-12-31 | 5.18 |
| 2016-09-30 | 5.09 |
| 2016-06-30 | 4.71 |
| 2016-03-31 | 4.80 |
| 2015-12-31 | 6.26 |
| 2015-09-30 | 6.25 |
| 2015-06-30 | 6.08 |
| 2015-03-31 | 6.19 |
| 2014-12-31 | 6.11 |
| 2014-09-30 | 8.16 |
| 2014-06-30 | 8.52 |
| 2014-03-31 | 8.22 |
| 2013-12-31 | 8.25 |
| 2013-09-30 | 5.48 |
| 2013-06-30 | 5.62 |
| 2013-03-31 | 6.12 |
| 2012-12-31 | 6.32 |
| 2012-09-30 | 5.65 |
| 2012-06-30 | 4.21 |
| 2012-03-31 | 4.46 |
| 2011-12-31 | 4.21 |
| 2011-09-30 | 3.99 |
| 2011-06-30 | 4.12 |
| 2011-03-31 | 5.61 |
| 2010-12-31 | 5.68 |
| 2010-09-30 | 5.23 |
| 2010-06-30 | 5.15 |
| 2010-03-31 | 1.52 |
| 2009-12-31 | 1.44 |
| 2009-09-30 | 1.40 |
| 2009-06-30 | 0.00 |
| 2009-03-31 | 0.00 |
| 2008-12-31 | 1.38 |
