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PROGRESS SOFTWARE CORP /MA
Nasdaq · CIK 876167
Last close36.9
Daily change+0.32 (0.87%)
10 Years gain+52.71%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
PRGS · STANDARD
SIC 7372 · Services-Prepackaged Software · Fiscal year end 1130
Fundamental
51.3Momentum
57.8Acceleration
48.9Confidence
100.0Annual Revenue18
Quarterly Revenue78
Annual CFO18
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth21.3 / 25
Quality13.5 / 25
Capital Efficiency4.7 / 20
Balance Sheet3.1 / 15
Shareholder Economics6.6 / 10
Forward Indicators2.1 / 5
Signals
Gross margin expansionGross margin improved by 0.726 percentage points.
Operating leverageOperating margin improved by 1.5538 percentage points.
FCF growthFree cash flow grew 53.18%.
Net debt reductionNet debt declined versus the comparison period.
Share count reductionDiluted share count declined 6.0649%.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Warnings
ROIC declining · MEDIUMROIC declined by 2.8587 percentage points.
Key Metrics
Revenue Growth TTM20.25%OK
Revenue CAGR 3Y17.55%OK
Gross Margin82.07%OK
Operating Margin18.26%OK
FCF Margin33.26%OK
FCF Growth53.18%OK
ROIC7.89%OK
Incremental Operating Margin 3Y6.71%OK
Net Debt / CFO3.3xOK
Diluted Share Growth 1Y-6.06%OK
SBC / Revenue7.12%OK
SBC / FCF21.42%OK
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Nov 30, 2025 | $977.83M | $790.25M | $153.29M | $235.19M | $229.49M | 80.82% | 15.68% | 23.47% | 7.57% | 44.02M |
| 2025 FY Nov 30, 2024 | $753.41M | $622.93M | $124.00M | $211.49M | $206.29M | 82.68% | 16.46% | 27.38% | 6.2% | 44.43M |
| 2025 FY Nov 30, 2023 | $694.44M | $567.86M | $110.52M | $173.92M | $168.35M | 81.77% | 15.92% | 24.24% | 10.72% | 44.66M |
| 2024 FY Nov 30, 2022 | $602.01M | $507.52M | $132.13M | $192.16M | $186.07M | 84.3% | 21.95% | 30.91% | 13.6% | 44.25M |
| 2023 FY Nov 30, 2021 | $531.31M | $452.86M | $116.10M | $178.53M | $173.88M | 85.23% | 21.85% | 32.73% | 13.24% | 44.62M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $997.06M | sum latest 4 fiscal quarters Revenue | OK | 0000876167-26-000111, 0000876167-26-000051 |
| Revenue Growth TTM | 20.25% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0000876167-26-000111, 0000876167-26-000051 |
| Revenue CAGR 3Y | 17.55% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0000876167-26-000008 |
| Revenue CAGR 5Y | 17.2% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0000876167-26-000008 |
| Gross Profit CAGR 3Y | 15.91% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0000876167-26-000008 |
| Operating Income Growth | 31.44% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0000876167-26-000111, 0000876167-26-000051 |
| FCF Growth | 53.18% | FCF_current / FCF_prior_year - 1 | OK | 0000876167-26-000111, 0000876167-26-000078 |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 82.07% | Gross Profit / Revenue | OK | 0000876167-26-000111, 0000876167-26-000051 |
| Operating Margin | 18.26% | Operating Income / Revenue | OK | 0000876167-26-000111, 0000876167-26-000051 |
| FCF Margin | 33.26% | (CFO - CapEx) / Revenue | OK | 0000876167-26-000111, 0000876167-26-000078 |
| CFO / Net Income | 3.94x | CFO / Net Income | OK | 0000876167-26-000111, 0000876167-26-000078 |
| FCF / Net Income | 3.85x | FCF / Net Income | OK | 0000876167-26-000111, 0000876167-26-000078 |
| ROIC | 7.89% | NOPAT / Average Invested Capital | OK | 0000876167-26-000111, 0000876167-26-000051 |
| Net Debt / CFO | 3.3x | Net Debt / CFO | OK | 0000876167-26-000111, 0000876167-26-000078 |