Progress Software Corp /Ma
PRGS Nasdaq· Services-Prepackaged Software
Last close · Oct 23, 2026
$46.45
KIRA · Stoqly’s AI analyst, in plain words
- Progress Software Corp /Ma had $978M of revenue in fiscal 2025, up 29.8% on the year before. Over five years, revenue changed +17.2% a year on average.
- Its operating margin was 15.7%, down 0.8 pts: of every 100 in sales, about 16 is left after running the business.
- Progress Software Corp /Ma made $73.1M of net profit in fiscal 2025.
- Free cash flow was $229M in fiscal 2025, 23.5% of revenue.
- Progress Software Corp /Ma returned $106M to shareholders in fiscal 2025, 46% of free cash flow. The diluted share count fell 0.9%.
- Progress Software Corp /Ma owes $1.3B more than it holds in cash, about 8.2 years of operating profit.
Market cap
$1.9B
P/E
21.4x
Revenue
$978M
Net income
$73.1M
Free cash flow
$229M
Operating margin
15.7%
Progress Software Corp /Ma in 30 seconds · fiscal 2025
Are sales growing?
+29.8%
Yes. Sales grew 29.8% last year.
Does it make a profit?
7.5%
A little. It keeps 7.5% of every sale as profit.
Does profit turn into cash?
23.5%
Yes. 23.5% of sales ends up as free cash.
Is debt under control?
8.2x
Heavy. Repaying its debt would take 8.2 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
21.4x
One share costs 21.4 times its yearly profit per share.
What Progress Software Corp /Ma does
No business description yet.
- Fiscal year ends
- November 30, 2025
- Latest annual report
- 10-K · Jan 20, 2026
- Legal name
- PROGRESS SOFTWARE CORP /MA
- CIK
- 0000876167
Progress Software Corp /Ma · PRGS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $531M | $602M | $694M | $753M | $978M |
| Revenue growth | 20.2% | 13.3% | 15.4% | 8.5% | 29.8% |
| Gross margin | 85.2% | 84.3% | 81.8% | 82.7% | 80.8% |
| Operating margin | 21.9% | 21.9% | 15.9% | 16.5% | 15.7% |
| Net income | $78.4M | $95.1M | $70.2M | $68.4M | $73.1M |
| Net margin | 14.8% | 15.8% | 10.1% | 9.1% | 7.5% |
| Diluted EPS | $1.76 | $2.15 | $1.57 | $1.54 | $1.66 |
| Cash | |||||
| Cash from operations | $179M | $192M | $174M | $211M | $235M |
| Capital expenditure | $4.7M | $6.1M | $5.6M | $5.2M | $5.7M |
| Free cash flow | $174M | $186M | $168M | $206M | $229M |
| FCF margin | 32.7% | 30.9% | 24.2% | 27.4% | 23.5% |
| Dividends paid | $31.6M | $31.1M | $31.6M | $31.5M | $0.8M |
| Share buybacks | $35.0M | $77.0M | $34.0M | $86.8M | $105M |
| Share count change | −1.5% | −0.8% | 0.9% | −0.5% | −0.9% |
| Debt and strength | |||||
| Cash and short-term investments | $157M | $256M | $127M | $118M | $94.8M |
| Debt incl. finance leases | $560M | $618M | $724M | $1.5B | $1.4B |
| Shareholders' equity | $412M | $399M | $460M | $439M | $478M |
| Net debt / EBITDA | 3.3x | 2.6x | 5.1x | 10.8x | 8.2x |
| Current ratio | 1.0x | 1.3x | 0.9x | 0.8x | 0.5x |
| Interest coverage | 5.8x | 8.4x | 3.6x | 3.9x | 2.2x |
| Returns and quality | |||||
| Return on capital | 11.7% | 14.1% | 9.2% | 4.9% | 7.7% |
| Return on equity | 20.7% | 23.4% | 16.4% | 15.2% | 15.9% |
| Piotroski F-score | 5 | 7 | 4 | 5 | 7 |
| Altman Z'' | 1.3 | 1.8 | 1.0 | 0.5 | −0.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$2.7M
4 insiders
Of sales under plans
100%
$2.7M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Progress Software Corp /Ma · PRGS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $46.45 a share, the company is worth $1.9B: 21.4 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0000876167). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.