Progress Software Corporation logo PRGS - Progress Software Corporation

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HIGH: $45.00
LOW: $45.00
MEDIAN: $45.00
CONSENSUS: $45.00
UPSIDE: 51.11%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 977.8 753.4 694.4 602.0 531.3 442.1 413.3 397.2 397.6 405.3 377.6 332.5 334.0 335.2 533.6 529.1 494.1 515.6 493.5 447.1 405.4 362.7 309.1 273.1 262.0 271.3 286.1 239.9 188.3 176.7 180.1 139.2 111.6
Cost of Revenue 187.6 130.5 126.6 94.5 78.4 62.1 75.2 67.0 69.2 65.7 63.7 34.3 35.0 36.3 36.8 41.2 93.2 91.9 86.8 76.8 69.0 61.3 61.8 67.7 67.6 64.4 54.8 42.5 28.3 27 22.9 15.3 12.8
Gross Profit 790.2 622.9 567.9 507.5 452.9 380.0 338.1 312.0 320.0 339.6 313.8 298.3 299.0 281.3 296.8 310.5 400.9 423.7 406.7 370.3 336.3 301.3 247.3 205.4 196.0 208.6 231.3 197.4 160 149.7 157.2 123.9 98.8
Operating Expenses
R&D Expenses 192.3 146.3 132.4 114.6 103.3 88.6 88.6 79.7 77.0 88.6 86.9 59.0 57.3 53.0 80.7 90.6 93.3 87.8 80.3 77.3 63.1 60.4 50.2 42.1 41.7 39.0 38.3 30.2 27 24 24.2 0 0
SG&A Expenses 319.2 254.1 239.2 218.6 191.0 154.1 155.1 143.6 144.1 168.0 182.2 149.8 162.0 179.9 248.2 220.6 241.8 258.0 253.7 242.9 202.3 184.9 160.1 135.1 132.9 130.9 133 123.7 110.8 109.7 98.3 97.8 77.6
Other Expenses 125.5 98.5 85.7 42.2 42.4 29.6 22.3 13.2 13.0 12.7 12.7 0.7 0.8 0.8 0.5 2.8 9.0 6.4 15.5 7.4 4.3 7.1 0 0 0 0 13.3 13.6 12.9 11.5 (15.2) 6.3 3.8
Operating Expenses 637.0 498.9 457.3 375.4 336.8 272.3 265.9 236.5 238.8 269.4 281.8 209.4 220.1 206.1 184.3 196.3 344.1 352.2 349.5 327.5 273.0 252.4 210.3 177.2 174.7 169.9 184.6 167.5 150.7 145.2 133.9 104.1 81.4
Operating Income
Operating Income 153.3 124.0 110.5 132.1 116.1 107.7 40.1 67.8 57.5 (29.7) 14.8 80.7 63.7 67.8 108.7 91.5 51.1 64.4 57.2 40.9 60.0 46.4 36.8 28.2 21.3 38.7 46.7 29.9 9.3 4.5 23.3 19.8 17.4
Interest Expense 70.8 32.0 30.8 15.8 20.0 10.2 9.9 5.1 4.6 4.2 3.8 0.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.2 0 0 0 0
Interest Income 1.8 4.7 2.5 1.4 0.8 1.5 1.1 1.2 0.9 0.8 1.4 0 1.2 2.6 2.0 3.1 2.7 10.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 159.5 229.3 213.6 207.8 168.6 141.6 95.1 110.4 100.0 8.2 57.8 93.7 77.9 106.2 147.6 155.6 97.2 101.5 84.3 67.6 81.5 65.5 47.9 39.5 33.4 51.0 60 43.5 22.2 16 32.3 26.1 21.2
EBIT 153.3 126.3 110.4 133.0 115.6 106.8 38.4 65.9 70.2 (31.1) 16.1 78.4 63.4 75.2 112.5 114.2 56.8 71.4 57.2 42.8 63.4 49.0 37.0 28.2 21.3 38.7 46.7 29.9 9.3 4.5 23.3 19.8 17.4
Income Before Tax 81.6 94.3 79.7 117.3 95.5 96.6 28.5 60.8 52.5 (35.3) 12.4 77.8 62.8 68.0 108.2 95.2 51.2 74.0 65.0 45.6 63.0 47.2 38.7 29.4 25.6 49.5 51.5 34 3.1 8.3 26.5 22 19.8
Income Tax Expense 8.5 25.8 9.5 22.2 17.1 16.9 2.1 15.5 28.2 20.4 21.2 28.3 23.0 17.4 28.9 22.9 18.4 27.7 22.8 16.2 17.9 15.1 11.6 8.8 7.9 15.8 16.5 11.2 4.7 2.8 9.8 7.6 6.9
Net Income 73.1 68.4 70.2 95.1 78.4 79.7 26.4 63.5 37.4 (55.7) (8.8) 49.5 74.9 47.4 58.8 48.6 32.8 46.3 42.3 29.4 48.9 32.1 27.1 20.6 17.6 33.7 35 22.8 (1.6) 5.5 16.7 14.4 12.9
Per Share Data
EPS (Basic) 1.70 1.58 1.62 2.19 1.79 1.78 0.59 1.39 0.78 -1.13 -0.17 0.97 1.37 0.75 0.89 0.76 0.54 0.75 0.68 0.48 0.85 0.55 0.47 0.39 0.33 0.63 0.68 0.44 -0.03 0.09 0.27 0.26 0.23
EPS (Diluted) 1.66 1.54 1.57 2.15 1.76 1.76 0.58 1.38 0.77 -1.13 -0.17 0.96 1.35 0.74 0.87 0.73 0.53 0.72 0.64 0.45 0.79 0.51 0.43 0.36 0.31 0.57 0.60 0.39 -0.03 0.09 0.27 0.25 0.23
Shares Outstanding 43.0 43.3 43.5 43.5 43.9 44.9 44.8 45.6 48.1 49.3 50.4 50.8 54.5 62.9 65.7 64.0 60.2 61.6 62.3 61.5 57.3 58.7 57.2 53.1 53.2 53.7 51.7 51.7 54.5 59.7 61.1 55.4 56.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 94.8 118.1 127.0 256.3 155.4 98.0 154.3 105.1 133.5 207.0 175.9 96.5 141.4 152.1 117.4 108.3 90.7 81.7 50.2 39.5 30.9 33.5 24.5 20.6
Short-Term Investments 0 0 0 0 2.0 8.0 19.4 34.4 50.1 42.7 48.2 22.0 49.8 67.0 59.8 66.2 67.4 77 0 0 0 0 0 0
Net Receivables 272.3 198.2 155.8 127.0 125.6 109.0 83.7 61.1 61.2 65.7 98.9 94.8 63.5 52.1 48.7 54.2 49.4 48 40.8 35.7 34.5 41.7 28.6 23.2
Inventory 0 0 0 0 0 0 0 5.8 0 0 (224.1) 14.3 11.6 10.6 8.9 9.6 0 0 0 1.4 1.3 2.1 2.4 1.6
Other Current Assets 32.8 52.5 48.0 42.8 54.8 24.0 27.3 30.9 18.6 20.6 34.6 32.9 23.5 22.5 19.0 11.1 22.1 19.2 82 65.2 74.3 66.8 55.9 44.5
Total Current Assets 400.0 368.8 330.8 426.1 337.8 238.9 284.7 228.8 263.4 336.1 357.6 246.3 278.3 293.7 244.8 249.4 229.7 225.9 173 141.8 141 144.1 111.4 89.9
Non-Current Assets
Property, Plant & Equipment 39.5 44.6 33.9 32.5 39.6 60.5 29.8 30.7 42.3 50.1 59.6 63.1 40.7 35.6 34.0 37.0 37.4 20.6 22.5 23.2 24.2 24.3 18.4 15.7
Goodwill 1,309.1 1,292.2 832.1 671.0 671.2 491.7 432.8 315.0 315.0 278.1 218.5 233.4 67.1 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 584.0 723.6 354.3 217.4 287.2 212.7 99.4 58.9 94.9 80.8 86.4 108.9 40.8 21.5 4.9 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 40.7 62.4 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 47.6 41.6 36.6 52.8 26.4 23.4 16.0 7.1 2.0 3.2 5.4 8.7 3.4 2.8 6.4 12.9 11.7 10.1 11.2 6.7 8 7.3 4.8 2.2
Total Non-Current Assets 2,057.7 2,158.2 1,272.0 985.4 1,025.7 802.8 596.6 411.8 455.3 418.8 441.2 506.1 168.6 74.0 45.3 49.9 49.1 30.7 33.7 29.9 32.2 31.6 23.2 17.9
Total Assets 2,457.7 2,527.0 1,602.8 1,411.5 1,363.5 1,041.8 881.3 640.6 718.7 754.8 798.9 752.4 446.8 367.8 290.2 299.4 278.8 256.6 206.7 171.7 173.2 175.7 134.6 107.8
Current Liabilities
Account Payables 15.9 13.9 12.4 9.3 9.7 10.0 10.6 10.6 9 13.0 12.4 11.6 12.0 11.6 9.7 10.4 11.0 14 12.5 10.7 8 9.5 7.8 6.6
Short-Term Debt 0 0 13.1 6.2 25.8 18.2 10.7 5.8 5.8 15 0.4 0.3 0.2 0 0 0 0 0 0 0 0 0.1 0.1 0.3
Deferred Revenue 324.8 332.1 236.1 227.7 205.0 166.4 157.5 133.2 132.5 129.0 141.2 135.8 101.1 82.6 66.4 64.5 0 0 0 0 0 0 0 0
Other Current Liabilities 460.6 0 0 0 0 0 0 0 0 0 0 0 3.0 5.0 6.8 8.9 101.0 100.2 91.4 63.3 48.7 49.2 36.6 29.6
Total Current Liabilities 809.7 455.1 352.1 318.0 322.9 262.5 240.9 196.0 208.0 203.7 226.9 241.4 171.8 145.7 117.2 114.2 112.0 114.2 103.9 74 56.7 58.8 44.5 36.5
Non-Current Liabilities
Long-Term Debt 821.4 1,526.3 710.9 611.8 534.5 364.3 284.0 110.3 116.1 120 0.7 1.0 2.2 0 0 0 0 0 0 0 0.1 0.1 0.1 0.2
Deferred Tax Liabilities 1.2 2.3 3.6 4.6 14.2 0 0.0 3.8 2.8 3.9 3.4 10.0 (5.9) 0 0 0 0 0 0 1 2.3 2.7 1.4 1.2
Other Non-Current Liabilities 225.6 6.0 4.5 8.7 8.9 15.1 6.3 5.3 6.0 11.8 7.9 10.5 0 0 0 0 0 0.1 (0.1) 0 0.1 0 0.1 0
Total Non-Current Liabilities 1,169.6 1,633.0 791.0 695.0 628.1 433.2 310.1 134.5 134.6 144.5 16.5 29.5 8.1 94.2 76.1 74.8 11.0 0.1 (0.1) 1 2.5 2.8 1.6 1.4
Total Liabilities 1,979.3 2,088.2 1,143.1 1,013.0 951.0 695.8 551.0 330.5 342.6 348.2 243.4 270.9 179.8 145.7 117.2 114.2 112.0 114.3 103.8 75 59.2 61.6 46.1 37.9
Stockholders' Equity
Common Stock 0.4 0.4 0.4 0.4 0.4 0.4 0.5 267.1 249.8 239.5 247.3 216.3 70.1 53.1 27.7 42.4 38.1 40.5 0 0 0 0 0 0
Retained Earnings 127.4 120.4 120.9 101.7 90.3 72.5 64.3 43.0 126.2 167.1 308.2 265.2 196.9 168.9 145.2 142.8 131.9 103.9 84.1 70.7 72.3 66.8 50.1 35.7
Accumulated Other Comprehensive Income (33.1) (36.2) (32.2) (35.2) (32.4) (32.8) (30.0) (28.2) (19.0) (28.6) (67.5) (53.1) (92.4) (81.4) (70.3) (62.0) (3.2) (2.1) (39.5) (30.5) (30.6) (21.9) (14.4) (9)
Total Stockholders' Equity 478.3 438.8 459.7 398.5 412.5 346.0 330.3 310.1 376.1 406.6 555.5 481.5 267.0 222.0 173.0 185.2 166.8 142.3 102.7 96.4 113.8 113.5 88.5 69.9
Total Liabilities & Equity 2,457.7 2,527.0 1,602.8 1,411.5 1,363.5 1,041.8 881.3 640.6 718.7 754.8 798.9 752.4 446.8 367.8 290.2 299.4 278.8 256.6 206.7 171.7 173.2 175.7 134.6 107.8
Debt Metrics
Total Debt 851.0 1,561.7 747.1 640.6 591.4 416.5 294.7 116.1 121.9 135 1.0 1.4 2.4 0 0 0 0 0 0 0 0.1 0.2 0.2 0.5
Net Debt 756.2 1,443.7 620.1 384.3 435.9 318.5 140.5 11.0 (11.6) (72.0) (174.9) (95.1) (67.5) (152.1) (117.4) (108.3) (90.7) (81.7) (50.2) (39.5) (30.8) (33.3) (24.3) (20.1)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 73.1 68.4 70.2 95.1 78.4 79.7 26.4 63.5 37.4 (55.7) 48.9 32.1 27.1 20.6 17.6 33.7 35 22.8 (1.6) 5.5 16.7 14.4 12.9
Depreciation & Amortization 151.7 103.0 103.1 76.8 61.2 34.8 56.7 44.5 42.9 39.3 18.2 16.5 11.0 11.3 12.1 12.3 13.3 13.6 12.9 11.5 9 6.3 3.8
Stock-Based Compensation 64.8 46.8 40.5 37.1 29.7 23.5 23.3 20.6 14.2 22.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (52.5) (14.8) (23.3) (7.0) (0.6) 0.6 11.9 (15.0) 11.2 (1.1) 0.1 17.4 19.6 8.9 0.9 (4.5) 12.7 23.6 14.4 6.9 2 2.9 0.3
Other Non-Cash Items 21.5 15.8 12.0 (2.2) 10.7 8.9 25.0 5.8 (0.4) 96.5 23.6 3.5 1.9 3.6 1.6 0.4 0.2 (0.2) 11 0.1 0.1 0 0
Operating Cash Flow 235.2 211.5 173.9 192.2 178.5 144.8 128.5 121.4 105.7 102.8 80.6 72.2 57.7 44.4 31.5 43.1 61.1 58.5 33.7 22.9 30.8 23.3 17.2
Investing Activities
Capital Expenditure (5.7) (5.2) (5.6) (6.1) (4.7) (6.5) (4.0) (7.2) (3.4) (5.8) (10.9) (10.7) (7.1) (6.8) (8.5) (27.3) (9.3) (15) (10) (9.5) (13.4) (8) (10.5)
Acquisitions (21.2) (852.7) (355.2) 26.0 (254.0) (213.1) (225.3) 0 (77.2) 0 (31.5) (99.3) 0 0 (4.2) (2.1) 0 0 0 0 0 0 0
Purchases of Investments 0 0 (15.3) (26.0) 0 (5.0) (10.6) (8.3) (40.4) (41.7) (368.5) (50.4) (36.6) (30.5) (38.7) (63.6) (59.6) (57) (33.8) (76.6) (78.7) 0 0
Sales/Maturities of Investments 0 0 15.7 1.9 6.0 16.4 25.3 23.1 31.6 26.5 280.8 67.2 29.1 36.8 40.8 73.3 45.6 47.4 46.3 69.1 69.7 (9.1) 7.6
Other Investing Activities 0 0 0 26.1 2.3 0.9 (8.6) 14.8 8.8 (15.2) (2.4) (0.4) (25.1) (0.8) (0.2) (2.3) (1.1) (2) (5.7) (2.8) (5.6) (3.1) (1.8)
Investing Cash Flow (26.9) (857.9) (360.4) 22.0 (250.3) (207.3) (223.2) 7.6 (80.5) (21.0) (132.5) (93.6) (39.8) (1.3) (10.8) (22.0) (24.4) (26.6) (3.2) (19.8) (28) (20.2) (4.7)
Financing Activities
Net Debt Issuance 0 797.5 103.1 0.6 232.8 87.2 179.7 (6.2) (11.2) (9.4) (0.2) 0 0 0 0 0 0 0 (0.1) 0 (0.1) 0 0
Stock Repurchased (105.2) (86.8) (34.0) (77.0) (35) (60) (25) (120) (73.9) (83.2) (12.2) (13.0) (12.1) (45.1) (11.5) (17.3) (24.8) (33.2) (26.6) (7.2) 0 0 0
Dividends Paid (0.8) (31.5) (31.6) (31.1) (31.6) (29.9) (27.8) (25.8) (24.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (132.4) (66.2) 26.0 (10.1) (28.9) 11.1 7.7 5.2 (0.3) 0.4 0 0 0 0 0 0 0 0 0.6 0 1.1 (0.2) 0
Financing Cash Flow (238.4) 640.8 51.2 (101.4) 132.1 3.1 130.3 (146.8) (103.3) (82.2) 42.8 8.2 14.6 (35.7) (1.8) (10.2) (4.2) (21.1) (21.4) (5.4) 6.5 0.9 1.9
Cash Position
Net Change in Cash (23.3) (8.9) (129.3) 100.9 57.4 (56.3) 49.1 (28.3) (73.6) (5.3) (18.0) (4.2) 12.3 9.1 17.6 9.1 31.5 10.7 (30.9) (33.5) (24.5) (20.6) (6.3)
Cash at Beginning 118.1 127.0 256.3 155.4 98.0 154.3 105.1 133.5 207.0 212.4 58.4 62.7 50.4 108.3 90.7 81.7 50.2 39.5 30.9 33.5 24.5 20.6 6.3
Cash at End 94.8 118.1 127.0 256.3 155.4 98.0 154.3 105.1 133.5 207.0 40.4 58.4 62.7 117.4 108.3 90.7 81.7 50.2 0 0 0 0 0
Free Cash Flow 229.5 206.3 168.3 186.1 173.9 138.3 124.5 114.1 102.3 97.1 69.7 61.2 50.5 37.6 23.0 15.8 51.8 43.5 23.7 13.4 17.4 15.3 6.7
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 977.8 753.4 694.4 602.0 531.3 442.1 413.3 397.2 397.6 405.3 377.6 332.5 334.0 335.2 533.6 529.1 494.1 515.6 493.5 447.1 405.4 362.7 309.1 273.1 262.0 271.3 286.1 239.9 188.3 176.7 180.1 139.2 111.6
Gross Profit 790.2 622.9 567.9 507.5 452.9 380.0 338.1 312.0 320.0 339.6 313.8 298.3 299.0 281.3 296.8 310.5 400.9 423.7 406.7 370.3 336.3 301.3 247.3 205.4 196.0 208.6 231.3 197.4 160 149.7 157.2 123.9 98.8
Operating Income 153.3 124.0 110.5 132.1 116.1 107.7 40.1 67.8 57.5 (29.7) 14.8 80.7 63.7 67.8 108.7 91.5 51.1 64.4 57.2 40.9 60.0 46.4 36.8 28.2 21.3 38.7 46.7 29.9 9.3 4.5 23.3 19.8 17.4
Net Income 73.1 68.4 70.2 95.1 78.4 79.7 26.4 63.5 37.4 (55.7) (8.8) 49.5 74.9 47.4 58.8 48.6 32.8 46.3 42.3 29.4 48.9 32.1 27.1 20.6 17.6 33.7 35 22.8 (1.6) 5.5 16.7 14.4 12.9
EPS (Diluted) 1.66 1.54 1.57 2.15 1.76 1.76 0.58 1.38 0.77 -1.13 -0.17 0.96 1.35 0.74 0.87 0.73 0.53 0.72 0.64 0.45 0.79 0.51 0.43 0.36 0.31 0.57 0.60 0.39 -0.03 0.09 0.27 0.25 0.23
Balance Sheet
Cash & Equivalents 94.8 118.1 127.0 256.3 155.4 98.0 154.3 105.1 133.5 207.0 175.9 96.5 141.4 152.1 117.4 108.3 90.7 81.7 50.2 39.5 30.9 33.5 24.5 20.6
Total Assets 2,457.7 2,527.0 1,602.8 1,411.5 1,363.5 1,041.8 881.3 640.6 718.7 754.8 798.9 752.4 446.8 367.8 290.2 299.4 278.8 256.6 206.7 171.7 173.2 175.7 134.6 107.8
Total Debt 851.0 1,561.7 747.1 640.6 591.4 416.5 294.7 116.1 121.9 135 1.0 1.4 2.4 0 0 0 0 0 0 0 0.1 0.2 0.2 0.5
Stockholders' Equity 478.3 438.8 459.7 398.5 412.5 346.0 330.3 310.1 376.1 406.6 555.5 481.5 267.0 222.0 173.0 185.2 166.8 142.3 102.7 96.4 113.8 113.5 88.5 69.9
Cash Flow
Operating Cash Flow 235.2 211.5 173.9 192.2 178.5 144.8 128.5 121.4 105.7 102.8 80.6 72.2 57.7 44.4 31.5 43.1 61.1 58.5 33.7 22.9 30.8 23.3 17.2
Capital Expenditure (5.7) (5.2) (5.6) (6.1) (4.7) (6.5) (4.0) (7.2) (3.4) (5.8) (10.9) (10.7) (7.1) (6.8) (8.5) (27.3) (9.3) (15) (10) (9.5) (13.4) (8) (10.5)
Free Cash Flow 229.5 206.3 168.3 186.1 173.9 138.3 124.5 114.1 102.3 97.1 69.7 61.2 50.5 37.6 23.0 15.8 51.8 43.5 23.7 13.4 17.4 15.3 6.7