Progress Software Corporation (PRGS)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 442 | 531 | 602 | 694 | 753 | 978 | 1,004 | 1,007 |
| Operating profit | $m | 153 | 179 | ||||||
| Net profit | $m | 80 | 78 | 95 | 70 | 68 | 73 | 89 | 289 |
| EPS reported | $ | 1.66 | 2.06 | ||||||
| Operating cashflow per share | $ | 5.47 | 7.46 | ||||||
| Capex per share | $ | 0.13 | 0.20 | ||||||
| FCF per share | $ | 5.34 | 7.26 | ||||||
| Free cash flow | $m | 229 | 305 | ||||||
| Net debt | $m | 727 | 1,189 | ||||||
| Book value equity | $m | 478 | 506 | ||||||
| Book value per share | $ | 10.87 | 11.90 | ||||||
| Number of shares | m | 44.02 | 42.52 | ||||||
| DPS (TTM paid) | $ | 0.02 | 0.01 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 24.95 | 19.10 | ||||||
| P/B LTM | x | 3.77 | 3.56 | ||||||
| P/S LTM | x | 1.84 | 1.80 | ||||||
| P/FCF LTM | x | 7.86 | 5.91 | ||||||
| EV/EBITDA LTM | x | 16.13 | 8.92 | ||||||
| EV/Sales LTM | x | 2.62 | 3.01 | ||||||
| Earnings Yield LTM | % | +4.01% | +5.24% | ||||||
| FCF Yield | % | +12.72% | +16.92% | ||||||
| Quality | |||||||||
| ROE | % | +15.29% | +18.16% | ||||||
| ROIC | % | +8.29% | +7.81% | ||||||
| Operating margin | % | +15.68% | +17.79% | ||||||
| Gross margin | % | +80.82% | +79.24% | ||||||
| FCF/Sales | % | +23.47% | +30.41% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +7.79% | +33.77% | ||||||
| Sales Growth YoY | % | +29.79% | +33.22% | ||||||
| Net Income Growth YoY | % | +6.86% | +30.11% | ||||||
| FCF Growth | % | +11.24% | +47.96% | ||||||
| Operating Profit Growth | % | +23.62% | +44.03% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +0.04% | 0.00% | ||||||
| Dividend Growth | % | -96.60% | -97.78% | ||||||
| Payout Ratio | % | +1.08% | +0.56% | ||||||
| FCF/Debt | x | 0.27 | 0.23 | ||||||
| Net Debt/EBITDA | x | 4.76 | 4.26 | ||||||
| EBIT/Net interest | x | 2.16 | 2.73 | ||||||
| Net debt/market cap | % | +45.54% | +72.05% | ||||||
| Net debt/Equity | x | 1.52 | 2.35 | ||||||
| Gross debt/equity | x | 1.78 | 2.62 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Progress Software Corporation (PRGS) specializes in providing technology solutions that enable businesses to create, launch, and oversee their software applications. The company's extensive product suite includes: OpenEdge, a powerful development platform used to construct secure, multi-language applications that can be deployed across diverse platforms, devices, and cloud infrastructures. A comprehensive set of developer tools offering user interface (UI) components for building web, mobile, desktop, chat, and augmented/virtual reality (AR/VR) applications, alongside automated testing and reporting utilities. Sitefinity, which serves as a unified platform for managing web content and performing in-depth customer analytics. Corticon, a business rules management system designed to infuse applications with decision automation, efficient change processes, and valuable insights. DataDirect Connect, ensuring seamless data connectivity between applications running on various platforms through industry-standard interfaces. MOVEit, a solution facilitating secure collaboration and the automated transfer of vital business information. Chef, an infrastructure automation platform that aids in the building, deployment, management, and security of applications across multi-cloud, hybrid, and on-premises environments. WhatsUp Gold, a dedicated tool for network monitoring. Kemp LoadMaster, offering crucial load balancing solutions. Kemp Flowmon, providing network performance monitoring and diagnostic capabilities by gathering and analyzing network telemetry data from multiple sources. Beyond its software offerings, Progress also delivers a range of services such as project management, implementation support, custom development, programming, web application enablement, and specialized training. The company markets its products to a broad customer base, including direct end-users, independent software vendors (ISVs), original equipment manufacturers (OEMs), and system integrators. Progress Software operates globally, with a presence across the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific region. Founded in 1981, its corporate headquarters are located in Burlington, Massachusetts.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Progress Software Corporation (PRGS)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Progress Software Corporation (PRGS) specializes in providing technology solutions that enable businesses to create, launch, and oversee their software applications. The company's extensive product suite includes: OpenEdge, a powerful development platform used to construct secure, multi-language applications that can be deployed across diverse platforms, devices, and cloud infrastructures. A comprehensive set of developer tools offering user interface (UI) components for building web, mobile, desktop, chat, and augmented/virtual reality (AR/VR) applications, alongside automated testing and reporting utilities. Sitefinity, which serves as a unified platform for managing web content and performing in-depth customer analytics. Corticon, a business rules management system designed to infuse applications with decision automation, efficient change processes, and valuable insights. DataDirect Connect, ensuring seamless data connectivity between applications running on various platforms through industry-standard interfaces. MOVEit, a solution facilitating secure collaboration and the automated transfer of vital business information. Chef, an infrastructure automation platform that aids in the building, deployment, management, and security of applications across multi-cloud, hybrid, and on-premises environments. WhatsUp Gold, a dedicated tool for network monitoring. Kemp LoadMaster, offering crucial load balancing solutions. Kemp Flowmon, providing network performance monitoring and diagnostic capabilities by gathering and analyzing network telemetry data from multiple sources. Beyond its software offerings, Progress also delivers a range of services such as project management, implementation support, custom development, programming, web application enablement, and specialized training. The company markets its products to a broad customer base, including direct end-users, independent software vendors (ISVs), original equipment manufacturers (OEMs), and system integrators. Progress Software operates globally, with a presence across the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific region. Founded in 1981, its corporate headquarters are located in Burlington, Massachusetts.
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