Progress Software (PRGS) Financials

$61.07 -0.29 (-0.47%)

Closing price 04:00 PM Eastern

Extended Trading

$61.06 -0.01 (-0.01%)

As of 04:27 PM Eastern

Annual Income Statements for Progress Software

This table shows Progress Software's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/30/2024	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019	11/30/2018	11/30/2017	11/30/2016	11/30/2015
Net Income / (Loss) Attributable to Common Shareholders	68	70	95	78	80	339	674	669	624	-8.80
Consolidated Net Income / (Loss)	68	70	95	78	80	26	50	29	-56	-8.80
Net Income / (Loss) Continuing Operations	68	70	95	78	80	339	674	669	624	-8.80
Total Pre-Tax Income	94	80	117	96	97	28	61	52	-35	12
Total Operating Income	124	111	132	116	108	40	68	57	-30	15
Total Gross Profit	623	568	508	453	380	312	624	640	679	314
Total Revenue	753	694	602	531	442	413	758	778	811	378
Operating Revenue	753	694	602	531	442	413	758	778	811	378
Total Cost of Revenue	130	127	94	78	62	101	134	138	131	64
Operating Cost of Revenue	130	127	94	78	62	101	134	138	131	64
Total Operating Expenses	499	457	375	337	272	298	-68	-57	30	299
Selling, General & Admin Expense	90	83	78	65	54	53	51	48	47	57
Marketing Expense	165	156	141	126	100	102	93	101	122	125
Research & Development Expense	146	132	115	103	89	89	80	77	89	87
Amortization Expense	65	66	47	32	20	22	13	13	13	13
Other Operating Expenses / (Income)	5.64	6.16	0.60	0.00	0.00	-338	317	320	340	-
Restructuring Charge	28	13	5.48	10	9.54	7.99	2.51	24	2.93	17
Other Special Charges / (Income)	0.00	0.00	-11	0.00	0.00	-	-	-	-	-
Total Other Income / (Expense), net	-30	-31	-15	-21	-11	-12	-7.02	-5.03	-5.57	-2.40
Interest Expense	32	31	16	20	10	9.91	5.15	4.63	4.18	3.79
Other Income / (Expense), net	2.27	-0.09	0.91	-0.52	-0.92	-1.68	-1.87	-0.40	-1.39	1.39
Income Tax Expense	26	9.46	22	17	17	2.10	11	23	20	21
Basic Earnings per Share	$1.58	$1.62	$2.19	$1.79	$1.78	$0.59	$1.09	$0.60	($1.13)	($0.17)
Weighted Average Basic Shares Outstanding	43.27M	43.46M	43.48M	43.92M	44.89M	44.79M	45.56M	48.13M	49.48M	50.39M
Diluted Earnings per Share	$1.54	$1.57	$2.15	$1.76	$1.76	$0.58	$1.08	$0.60	($1.13)	($0.17)
Weighted Average Diluted Shares Outstanding	44.43M	44.66M	44.25M	44.62M	45.32M	45.34M	46.14M	48.52M	49.48M	50.39M
Weighted Average Basic & Diluted Shares Outstanding	43.37M	43.88M	43.35M	44.18M	44.22M	45.10M	45.70M	48M	49.30M	51.80M
Cash Dividends to Common per Share	$0.53	$0.70	$0.70	$0.70	$0.67	$0.63	$0.58	$0.52	$0.13	$0.00

This table shows Progress Software's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Net Income / (Loss) Attributable to Common Shareholders	11	1.15	28	16	23	15	19	12	24	24	22
Consolidated Net Income / (Loss)	11	1.15	28	16	23	15	19	12	24	24	22
Net Income / (Loss) Continuing Operations	11	1.15	28	16	23	15	19	12	24	24	22
Total Pre-Tax Income	13	12	34	20	28	14	21	15	30	27	28
Total Operating Income	32	22	40	27	35	23	29	23	36	30	32
Total Gross Profit	192	178	150	143	152	143	142	144	138	134	127
Total Revenue	238	215	179	175	185	177	175	178	164	157	151
Operating Revenue	238	215	179	175	185	177	175	178	164	157	151
Total Cost of Revenue	46	37	29	32	33	34	33	34	26	24	24
Operating Cost of Revenue	46	37	29	32	33	34	33	34	26	24	24
Total Operating Expenses	159	157	109	116	117	121	113	121	102	103	95
Selling, General & Admin Expense	26	26	21	22	21	22	21	21	19	22	20
Marketing Expense	51	50	37	38	39	44	39	40	34	40	35
Research & Development Expense	46	41	35	35	35	34	33	35	30	29	29
Amortization Expense	26	18	14	16	17	18	18	18	14	12	12
Other Operating Expenses / (Income)	0.74	0.69	0.93	3.04	0.99	1.04	0.95	1.48	2.69	-	-
Restructuring Charge	9.52	21	2.17	1.20	3.05	2.45	1.54	5.98	3.14	0.88	0.30
Total Other Income / (Expense), net	-19	-9.25	-6.07	-7.02	-7.40	-8.37	-8.42	-8.42	-5.66	-3.67	-4.34
Interest Expense	18	11	6.77	7.01	7.34	7.89	8.53	8.51	5.85	4.42	4.01
Other Income / (Expense), net	-0.70	1.65	0.70	-0.01	-0.06	-0.48	0.11	0.10	0.18	0.76	-0.33
Income Tax Expense	2.36	11	5.82	3.94	4.97	-1.16	1.85	2.52	6.25	3.07	5.89
Basic Earnings per Share	$0.25	$0.03	$0.66	$0.37	$0.52	$0.35	$0.44	$0.28	$0.55	$0.55	$0.50
Weighted Average Basic Shares Outstanding	43.26M	43.27M	42.87M	43.21M	43.80M	43.46M	43.45M	43.34M	43.30M	43.48M	43.21M
Diluted Earnings per Share	$0.24	$0.01	$0.65	$0.37	$0.51	$0.35	$0.42	$0.27	$0.53	$0.53	$0.50
Weighted Average Diluted Shares Outstanding	44.89M	44.43M	43.71M	43.96M	44.83M	44.66M	44.98M	44.47M	44.35M	44.25M	43.94M
Weighted Average Basic & Diluted Shares Outstanding	43.03M	43.37M	42.91M	42.78M	43.22M	43.88M	43.57M	43.37M	43.31M	43.35M	43.00M
Cash Dividends to Common per Share	$0.00	$0.01	$0.18	$0.18	$0.18	$0.17	$0.18	$0.18	$0.18	$0.17	$0.18

This table details how cash moves in and out of Progress Software's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/30/2024	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019	11/30/2018	11/30/2017	11/30/2016	11/30/2015
Net Change in Cash & Equivalents	-8.88	-129	101	57	-56	49	-28	-74	-5.34	-51
Net Cash From Operating Activities	211	174	192	179	145	128	121	106	103	105
Net Cash From Continuing Operating Activities	211	174	192	179	145	128	121	106	103	105
Net Income / (Loss) Continuing Operations	68	70	95	78	80	26	50	29	-56	-8.80
Consolidated Net Income / (Loss)	68	70	95	78	80	26	50	29	-56	-8.80
Depreciation Expense	6.43	6.35	5.00	5.48	6.14	7.55	6.94	7.53	8.51	9.39
Amortization Expense	100	99	72	56	29	49	38	35	31	32
Non-Cash Adjustments To Reconcile Net Income	59	50	35	40	32	48	26	14	119	28
Changes in Operating Assets and Liabilities, net	-23	-52	-15	-1.46	-2.03	-2.92	0.81	20	0.20	44
Net Cash From Investing Activities	-858	-360	22	-250	-207	-208	7.59	-88	-21	-260
Net Cash From Continuing Investing Activities	-858	-360	22	-250	-207	-208	7.59	-88	-21	-260
Purchase of Property, Plant & Equipment	-5.21	-5.57	-6.09	-4.65	-6.52	-4.00	-7.25	-3.38	-5.79	-8.85
Acquisitions	-853	-355	0.00	-254	-213	-225	0.00	-77	0.00	-246
Purchase of Investments	0.00	-15	0.00	0.00	-5.01	-11	-8.26	-40	-42	-24
Sale of Property, Plant & Equipment	0.00	0.00	26	0.00	0.89	6.15	0.00	1.56	0.00	0.00
Sale and/or Maturity of Investments	0.00	16	1.95	5.95	16	25	23	32	26	15
Other Investing Activities, net	0.00	0.00	0.13	2.33	0.00	0.00	-	-	-	-0.04
Net Cash From Financing Activities	641	51	-101	132	3.08	130	-147	-103	-82	118
Net Cash From Continuing Financing Activities	641	51	-101	132	3.08	130	-147	-103	-82	118
Repayment of Debt	-378	-92	-6.87	-117	-11	-6.92	-6.19	-12	-9.38	-7.41
Repurchase of Common Equity	-87	-34	-79	-36	-60	-25	-120	-74	-79	-33
Payment of Dividends	-31	-32	-31	-32	-30	-28	-26	-24	0.00	0.00
Issuance of Debt	1,169	195	7.48	350	99	185	0.00	0.00	-	150
Issuance of Common Equity	28	26	16	15	11	9.27	9.21	10	9.92	13
Other Financing Activities, net	-59	-12	-7.82	-48	-5.33	-4.28	-4.00	-2.85	-3.55	-4.49
Effect of Exchange Rate Changes	-3.29	5.96	-	-2.89	3.10	-	-11	-	-4.99	-13
Cash Interest Paid	22	24	8.57	8.54	9.18	8.67	4.22	3.60	3.16	2.73
Cash Income Taxes Paid	32	40	29	26	16	16	25	26	22	17

This table details how cash moves in and out of Progress Software's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Net Change in Cash & Equivalents	6.08	-115	42	57	6.26	-11	12	18	-148	32	-0.75
Net Cash From Operating Activities	69	20	58	64	71	33	46	48	47	40	40
Net Cash From Continuing Operating Activities	69	20	58	64	71	33	46	48	47	40	40
Net Income / (Loss) Continuing Operations	11	1.15	28	16	23	15	19	12	24	24	22
Consolidated Net Income / (Loss)	11	1.15	28	16	23	15	19	12	24	24	22
Depreciation Expense	1.62	1.62	1.64	1.58	1.59	1.66	1.52	1.50	1.67	1.32	1.25
Amortization Expense	38	27	21	26	26	26	26	26	20	18	18
Non-Cash Adjustments To Reconcile Net Income	19	15	13	14	17	13	13	13	12	13	11
Changes in Operating Assets and Liabilities, net	-0.66	-25	-6.78	5.68	3.24	-23	-14	-4.59	-11	-16	-12
Net Cash From Investing Activities	-2.49	-856	-1.06	-0.96	-0.31	-2.39	-0.37	13	-371	-2.25	-0.67
Net Cash From Continuing Investing Activities	-2.49	-856	-1.06	-0.96	-0.31	-2.39	-0.37	13	-371	-2.25	-0.67
Purchase of Property, Plant & Equipment	-1.29	-2.88	-1.06	-0.96	-0.31	-2.39	-1.21	-1.58	-0.39	-3.00	-1.11
Acquisitions	-1.20	-853	-	-	0.00	-	0.85	-0.28	-356	-	-
Net Cash From Financing Activities	-59	726	-17	-5.38	-62	-42	-36	-46	175	-7.89	-31
Net Cash From Continuing Financing Activities	-59	726	-17	-5.38	-62	-42	-36	-46	175	-7.89	-31
Repayment of Debt	-30	-	-	-345	-33	-32	-32	-27	-1.72	-1.72	-1.72
Repurchase of Common Equity	-30	-	-14	-50	-23	-3.96	-	-15	-15	-1.82	-24
Payment of Dividends	-0.36	-7.65	-7.69	-7.95	-8.17	-7.89	-7.80	-7.85	-8.02	-7.71	-7.78
Issuance of Common Equity	6.24	10	4.58	5.31	7.58	5.58	4.01	7.01	9.36	5.78	2.61
Other Financing Activities, net	-4.64	-6.54	-0.04	-47	-5.89	-4.28	-	-3.28	-4.82	-2.42	-
Effect of Exchange Rate Changes	-1.51	-4.81	3.18	-0.15	-	-	-	-	1.21	-	-8.81
Cash Interest Paid	12	14	-	2.39	5.57	6.24	6.83	6.74	4.06	3.10	2.18
Cash Income Taxes Paid	3.12	17	9.52	3.17	3.18	25	8.69	2.15	3.80	20	3.97

This table presents Progress Software's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/30/2024	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019	11/30/2018	11/30/2017	11/30/2016	11/30/2015
Total Assets	2,527	1,603	1,411	1,364	1,042	881	644	719	755	877
Total Current Assets	369	331	426	338	239	285	232	263	336	323
Cash & Equivalents	118	127	256	155	98	154	105	133	207	212
Accounts Receivable	198	156	127	126	109	84	60	61	66	66
Other Current Assets	52	48	43	55	24	27	32	19	21	16
Plant, Property, & Equipment, net	14	15	15	14	30	30	31	42	50	54
Total Noncurrent Assets	2,144	1,257	970	1,011	773	567	382	413	369	499
Noncurrent Note & Lease Receivables	29	28	40	17	17	12	-	-	-	-
Goodwill	1,292	832	671	671	492	433	315	315	278	370
Intangible Assets	724	354	217	287	213	99	59	95	81	114
Noncurrent Deferred & Refundable Income Taxes	56	15	12	1.42	14	19	0.97	1.12	6.60	11
Other Noncurrent Operating Assets	44	27	30	34	37	3.53	7.05	1.99	3.17	4.42
Total Liabilities & Shareholders' Equity	2,527	1,603	1,411	1,364	1,042	881	644	719	755	877
Total Liabilities	2,088	1,143	1,013	951	696	551	320	343	348	355
Total Current Liabilities	455	352	318	323	263	241	186	208	204	200
Accounts Payable	14	12	9.28	9.68	9.98	11	11	9.00	13	11
Accrued Expenses	35	22	17	19	16	19	13	20	13	21
Current Deferred Revenue	332	236	228	205	166	157	-	133	129	125
Current Employee Benefit Liabilities	65	50	42	47	37	34	26	32	26	30
Other Current Liabilities	9.20	10	7.47	7.93	7.02	0.00	123	-	-	-
Total Noncurrent Liabilities	1,633	791	695	628	433	310	134	135	144	155
Long-Term Debt	1,526	711	612	535	364	284	110	116	120	135
Noncurrent Deferred Revenue	72	59	55	47	27	20	13	9.75	8.80	8.84
Noncurrent Deferred & Payable Income Tax Liabilities	2.28	3.57	4.63	14	0.00	-	5.80	2.81	3.90	7.11
Other Noncurrent Operating Liabilities	32	18	24	32	42	6.35	5.32	5.97	12	3.79
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	439	460	399	412	346	330	324	376	407	522
Total Preferred & Common Equity	439	460	399	412	346	330	324	376	407	522
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	439	460	399	412	346	330	324	376	407	522
Common Stock	355	371	332	355	306	296	267	250	239	228
Retained Earnings	120	121	102	90	73	64	85	145	196	319
Accumulated Other Comprehensive Income / (Loss)	-36	-32	-35	-32	-33	-30	-28	-19	-29	-25

This table presents Progress Software's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	2/28/2025	8/31/2024	5/31/2024	2/29/2024	8/31/2023	5/31/2023	2/28/2023	8/31/2022
Total Assets	2,462	1,620	1,586	1,548	1,597	1,602	1,644	1,346
Total Current Assets	341	389	343	297	303	281	293	364
Cash & Equivalents	124	233	190	133	138	126	108	224
Accounts Receivable	162	123	116	118	131	120	127	110
Other Current Assets	55	33	37	46	33	35	43	29
Plant, Property, & Equipment, net	13	13	13	14	16	15	15	13
Total Noncurrent Assets	2,109	1,219	1,230	1,236	1,278	1,306	1,336	968
Noncurrent Note & Lease Receivables	30	35	32	34	33	39	48	26
Goodwill	1,294	833	833	833	826	826	812	673
Intangible Assets	686	285	305	328	379	405	441	233
Noncurrent Deferred & Refundable Income Taxes	57	41	33	19	12	4.37	1.40	5.74
Other Noncurrent Operating Assets	40	26	28	23	29	33	34	30
Total Liabilities & Shareholders' Equity	2,462	1,620	1,586	1,548	1,597	1,602	1,644	1,346
Total Liabilities	2,031	1,194	1,185	1,086	1,152	1,183	1,230	979
Total Current Liabilities	429	315	307	312	325	323	337	280
Accounts Payable	15	11	8.58	9.92	8.73	7.16	10	7.72
Accrued Expenses	33	25	19	18	25	27	23	17
Current Deferred Revenue	329	218	227	233	220	228	245	197
Current Employee Benefit Liabilities	43	44	35	33	42	34	33	36
Other Current Liabilities	8.98	8.87	9.45	9.82	10	10	9.32	7.44
Total Noncurrent Liabilities	1,602	879	877	774	828	860	893	700
Long-Term Debt	1,497	795	794	691	744	776	804	613
Noncurrent Deferred Revenue	72	67	65	64	60	56	57	54
Noncurrent Deferred & Payable Income Tax Liabilities	2.29	3.77	3.71	3.63	4.24	4.55	5.55	5.71
Other Noncurrent Operating Liabilities	31	13	15	15	20	23	26	27
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	432	426	402	462	445	419	413	367
Total Preferred & Common Equity	432	426	402	462	445	419	413	367
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	432	426	402	462	445	419	413	367
Common Stock	353	339	331	373	362	348	339	319
Retained Earnings	116	119	106	123	115	104	108	87
Accumulated Other Comprehensive Income / (Loss)	-38	-33	-35	-34	-32	-33	-34	-39

This table displays calculated financial ratios and metrics derived from Progress Software's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/30/2024	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019	11/30/2018	11/30/2017	11/30/2016	11/30/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.49%	15.35%	13.31%	20.17%	6.98%	-45.47%	-2.61%	-3.99%	114.72%	13.54%
EBITDA Growth	7.93%	2.78%	18.74%	24.86%	48.88%	-13.91%	10.46%	1,116.57%	-85.79%	-38.27%
EBIT Growth	14.34%	-16.99%	15.11%	8.22%	178.08%	-41.76%	15.50%	283.57%	-292.68%	-79.40%
NOPAT Growth	-7.57%	-9.09%	12.41%	7.23%	139.31%	-32.97%	74.22%	252.92%	-97.86%	-120.48%
Net Income Growth	-2.51%	-26.16%	21.23%	-1.63%	201.98%	-46.85%	71.15%	152.08%	-533.18%	-117.79%
EPS Growth	-1.91%	-26.98%	22.16%	0.00%	203.45%	-46.30%	80.00%	153.10%	-564.71%	-117.71%
Operating Cash Flow Growth	21.60%	-9.49%	7.63%	23.25%	12.74%	5.88%	14.82%	2.76%	-1.62%	-2.93%
Free Cash Flow Firm Growth	-247.12%	-223.00%	266.02%	-17.97%	27.49%	-265.77%	687.47%	-91.82%	160.66%	-460.85%
Invested Capital Growth	73.40%	38.61%	-6.67%	30.60%	37.40%	49.17%	-4.18%	7.74%	-29.99%	63.69%
Revenue Q/Q Growth	5.31%	2.94%	-1.30%	8.73%	214.60%	-47.60%	-28.40%	-3.26%	102.50%	4.09%
EBITDA Q/Q Growth	0.70%	-0.14%	5.80%	4.48%	17.63%	-10.48%	-5.67%	418.54%	-90.96%	-2.32%
EBIT Q/Q Growth	0.87%	-7.64%	8.64%	1.33%	31.67%	-30.43%	-8.23%	364.74%	-160.89%	-30.73%
NOPAT Q/Q Growth	-16.18%	-3.43%	6.49%	0.68%	52.62%	-32.53%	4.27%	320.98%	-316.21%	-164.28%
Net Income Q/Q Growth	-17.17%	-10.66%	-22.42%	142.79%	129.90%	131.08%	-86.02%	-71.62%	-748.43%	-158.15%
EPS Q/Q Growth	-18.09%	-10.29%	9.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-6.00%	-3.86%	-1.93%	0.66%	4.44%	10.56%	-6.32%	-1.33%	6.84%	-10.20%
Free Cash Flow Firm Q/Q Growth	-481.73%	0.47%	290.42%	-75.13%	-171.32%	21.05%	-24.26%	-84.16%	60.25%	0.22%
Invested Capital Q/Q Growth	85.33%	-0.50%	-0.12%	41.07%	45.51%	-6.56%	5.53%	-2.49%	-25.28%	-6.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	82.68%	81.77%	84.30%	85.23%	85.95%	75.53%	82.33%	82.23%	83.79%	83.12%
EBITDA Margin	30.91%	31.07%	34.86%	33.27%	32.02%	23.01%	14.57%	12.85%	1.01%	15.31%
Operating Margin	16.46%	15.92%	21.95%	21.85%	24.36%	9.70%	8.95%	7.39%	-3.66%	3.91%
EBIT Margin	16.76%	15.90%	22.10%	21.75%	24.16%	9.29%	8.70%	7.34%	-3.84%	4.28%
Profit (Net Income) Margin	9.08%	10.11%	15.79%	14.76%	18.03%	6.39%	6.55%	3.73%	-6.87%	-2.33%
Tax Burden Percent	72.60%	88.12%	81.08%	82.09%	82.50%	92.65%	81.70%	55.32%	157.95%	-71.24%
Interest Burden Percent	74.65%	72.13%	88.13%	82.66%	90.48%	74.19%	92.19%	91.89%	113.43%	76.53%
Effective Tax Rate	27.40%	11.88%	18.92%	17.91%	17.50%	7.35%	18.30%	44.68%	0.00%	171.24%
Return on Invested Capital (ROIC)	6.18%	10.62%	13.46%	13.11%	16.32%	9.69%	17.63%	10.28%	-5.75%	-3.07%
ROIC Less NNEP Spread (ROIC-NNEP)	4.04%	5.05%	10.37%	8.25%	11.89%	-9.46%	33.66%	13.67%	28.23%	-3.97%
Return on Net Nonoperating Assets (RNNOA)	9.05%	5.73%	9.98%	7.57%	7.26%	-1.62%	-3.44%	-2.86%	-6.25%	1.41%
Return on Equity (ROE)	15.23%	16.36%	23.45%	20.68%	23.58%	8.07%	14.19%	7.42%	-12.00%	-1.65%
Cash Return on Invested Capital (CROIC)	-47.51%	-21.74%	20.36%	-13.43%	-15.19%	-29.78%	21.90%	2.82%	29.53%	-51.37%
Operating Return on Assets (OROA)	6.12%	7.33%	9.59%	9.61%	11.11%	5.04%	9.68%	7.75%	-3.81%	2.04%
Return on Assets (ROA)	3.31%	4.66%	6.85%	6.52%	8.29%	3.46%	7.29%	3.94%	-6.83%	-1.11%
Return on Common Equity (ROCE)	15.23%	16.36%	23.45%	20.68%	23.58%	8.07%	14.19%	7.42%	-12.00%	-1.65%
Return on Equity Simple (ROE_SIMPLE)	15.60%	15.27%	23.86%	19.01%	23.04%	7.99%	15.33%	7.72%	-13.70%	-1.68%
Net Operating Profit after Tax (NOPAT)	90	97	107	95	89	37	55	32	-21	-11
NOPAT Margin	11.95%	14.03%	17.80%	17.94%	20.10%	8.99%	7.31%	4.09%	-2.57%	-2.78%
Net Nonoperating Expense Percent (NNEP)	2.14%	5.58%	3.09%	4.86%	4.43%	19.16%	-16.04%	-3.40%	-33.98%	0.90%
Return On Investment Capital (ROIC_SIMPLE)	4.58%	8.23%	10.54%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	17.32%	18.23%	15.70%	14.77%	14.05%	24.47%	17.67%	17.77%	16.21%	16.88%
SG&A Expenses to Revenue	11.88%	11.97%	12.94%	12.26%	12.21%	12.91%	6.67%	6.14%	5.74%	15.18%
R&D to Revenue	19.42%	19.07%	19.03%	19.45%	20.04%	21.43%	10.52%	9.89%	10.93%	23.02%
Operating Expenses to Revenue	66.22%	65.86%	62.36%	63.38%	61.59%	72.10%	-8.95%	-7.39%	3.66%	79.21%
Earnings before Interest and Taxes (EBIT)	126	110	133	116	107	38	66	57	-31	16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	233	216	210	177	142	95	110	100	8.22	58
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.69	5.05	5.63	4.98	4.98	5.33	4.49	4.77	3.16	2.05
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	26.91	27.96
Price to Revenue (P/Rev)	3.90	3.35	3.73	3.87	3.90	4.26	1.92	2.31	1.58	2.84
Price to Earnings (P/E)	42.89	33.10	23.59	26.20	21.61	5.20	2.16	2.68	2.06	0.00
Dividend Yield	1.02%	1.31%	1.34%	1.49%	1.75%	1.60%	1.77%	1.37%	0.47%	0.00%
Earnings Yield	2.33%	3.02%	4.24%	3.82%	4.63%	19.22%	46.30%	37.27%	48.53%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.35	2.74	3.39	2.98	3.17	4.10	4.65	5.40	3.93	2.29
Enterprise Value to Revenue (EV/Rev)	5.76	4.21	4.33	4.62	4.52	4.56	1.89	2.23	1.44	2.58
Enterprise Value to EBITDA (EV/EBITDA)	18.65	13.54	12.41	13.90	14.12	19.80	12.96	17.34	142.35	16.87
Enterprise Value to EBIT (EV/EBIT)	34.40	26.45	19.58	21.26	18.72	49.02	21.71	30.36	0.00	60.44
Enterprise Value to NOPAT (EV/NOPAT)	48.24	29.99	24.31	25.78	22.50	50.70	25.84	54.51	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	20.54	16.79	13.56	13.76	13.80	14.65	11.80	16.40	11.38	9.33
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	16.08	0.00	0.00	0.00	20.80	198.33	10.95	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.48	1.57	1.55	1.36	1.11	0.89	0.36	0.32	0.33	0.28
Long-Term Debt to Equity	3.48	1.55	1.54	1.30	1.05	0.86	0.34	0.31	0.30	0.26
Financial Leverage	2.24	1.14	0.96	0.92	0.61	0.17	-0.10	-0.21	-0.22	-0.36
Leverage Ratio	4.60	3.51	3.42	3.17	2.84	2.33	1.95	1.88	1.76	1.48
Compound Leverage Factor	3.43	2.53	3.02	2.62	2.57	1.73	1.79	1.73	1.99	1.13
Debt to Total Capital	77.67%	61.16%	60.80%	57.60%	52.50%	47.16%	26.38%	24.48%	24.92%	21.65%
Short-Term Debt to Total Capital	0.00%	1.11%	0.61%	2.65%	2.50%	1.71%	1.32%	1.17%	2.77%	1.41%
Long-Term Debt to Total Capital	77.67%	60.06%	60.19%	54.95%	50.00%	45.44%	25.06%	23.31%	22.16%	20.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	22.33%	38.84%	39.20%	42.40%	47.50%	52.85%	73.62%	75.52%	75.08%	78.35%
Debt to EBITDA	6.55	3.36	2.94	3.17	2.70	3.10	1.05	1.22	16.43	2.50
Net Debt to EBITDA	6.05	2.77	1.72	2.28	1.95	1.27	-0.21	-0.62	-13.96	-1.68
Long-Term Debt to EBITDA	6.55	3.30	2.92	3.02	2.57	2.99	1.00	1.16	14.60	2.33
Debt to NOPAT	16.95	7.43	5.77	5.88	4.30	7.94	2.10	3.83	-6.49	-13.74
Net Debt to NOPAT	15.64	6.13	3.38	4.23	3.11	3.26	-0.42	-1.94	5.52	9.22
Long-Term Debt to NOPAT	16.95	7.30	5.71	5.61	4.10	7.65	1.99	3.65	-5.77	-12.84
Altman Z-Score	1.33	1.97	2.26	2.07	2.32	2.69	4.51	4.86	3.73	2.98
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.81	0.94	1.34	1.05	0.91	1.18	1.24	1.27	1.65	1.62
Quick Ratio	0.70	0.80	1.21	0.88	0.82	1.07	1.07	1.18	1.55	1.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-692	-199	162	-98	-83	-114	69	8.74	107	-176
Operating Cash Flow to CapEx	4,062.50%	3,122.44%	0.00%	3,836.06%	2,573.69%	0.00%	1,673.82%	5,806.92%	1,777.48%	1,181.91%
Free Cash Flow to Firm to Interest Expense	-21.61	-6.48	10.26	-4.87	-8.14	-11.51	13.37	1.89	25.57	-46.49
Operating Cash Flow to Interest Expense	6.61	5.65	12.17	8.91	14.24	12.96	23.57	22.82	24.62	27.60
Operating Cash Flow Less CapEx to Interest Expense	6.44	5.47	13.43	8.67	13.69	13.18	22.16	22.43	23.23	25.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.46	0.43	0.44	0.46	0.54	1.11	1.06	0.99	0.48
Accounts Receivable Turnover	4.26	4.91	4.77	4.53	4.59	5.76	12.54	12.27	12.27	5.60
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	52.01	46.06	41.13	24.06	14.84	13.67	20.77	16.85	15.54	6.65
Accounts Payable Turnover	9.93	11.69	9.97	7.98	6.04	9.54	13.67	12.58	10.87	5.56
Days Sales Outstanding (DSO)	85.76	74.32	76.58	80.58	79.52	63.33	29.12	29.75	29.75	65.14
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	36.76	31.22	36.63	45.74	60.47	38.25	26.70	29.02	33.58	65.67
Cash Conversion Cycle (CCC)	49.00	43.10	39.96	34.84	19.05	25.08	2.42	0.74	-3.83	-0.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,847	1,065	768	823	630	459	308	321	298	426
Invested Capital Turnover	0.52	0.76	0.76	0.73	0.81	1.08	2.41	2.52	2.24	1.10
Increase / (Decrease) in Invested Capital	782	297	-55	193	172	151	-13	23	-128	166
Enterprise Value (EV)	4,343	2,921	2,605	2,457	1,999	1,883	1,432	1,734	1,170	976
Market Capitalization	2,935	2,324	2,243	2,054	1,723	1,762	1,455	1,795	1,285	1,073
Book Value per Share	$10.23	$10.55	$9.27	$9.41	$7.67	$7.37	$7.22	$7.87	$8.37	$10.40
Tangible Book Value per Share	($36.75)	($16.68)	($11.39)	($12.45)	($7.95)	($4.51)	($1.11)	($0.71)	$0.98	$0.76
Total Capital	1,965	1,184	1,017	973	729	625	440	498	542	667
Total Debt	1,526	724	618	560	383	295	116	122	135	144
Total Long-Term Debt	1,526	711	612	535	364	284	110	116	120	135
Net Debt	1,408	597	362	403	277	121	-23	-62	-115	-97
Capital Expenditures (CapEx)	5.21	5.57	-20	4.65	5.63	-2.15	7.25	1.82	5.79	8.85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-204	-135	-142	-117	-111	-119	-88	-122	-102	-108
Debt-free Net Working Capital (DFNWC)	-86	-8.22	114	41	-5.37	54	51	61	147	133
Net Working Capital (NWC)	-86	-21	108	15	-24	44	45	55	132	123
Net Nonoperating Expense (NNE)	22	27	12	17	9.15	11	5.73	2.78	35	-1.71
Net Nonoperating Obligations (NNO)	1,408	605	370	411	284	129	-16	-55	-109	-97
Total Depreciation and Amortization (D&A)	107	105	77	61	35	57	45	43	39	42
Debt-free, Cash-free Net Working Capital to Revenue	-27.13%	-19.47%	-23.59%	-21.97%	-25.19%	-28.84%	-11.64%	-15.73%	-12.64%	-28.71%
Debt-free Net Working Capital to Revenue	-11.46%	-1.18%	18.98%	7.65%	-1.21%	13.19%	6.77%	7.86%	18.17%	35.19%
Net Working Capital to Revenue	-11.46%	-3.07%	17.95%	2.80%	-5.34%	10.59%	6.00%	7.12%	16.32%	32.71%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.58	$1.62	$2.19	$1.79	$1.78	$0.59	$1.39	$0.78	($1.13)	($0.17)
Adjusted Weighted Average Basic Shares Outstanding	43.27M	43.46M	43.48M	43.92M	44.89M	44.79M	45.56M	48.13M	49.48M	50.39M
Adjusted Diluted Earnings per Share	$1.54	$1.57	$2.15	$1.76	$1.76	$0.58	$1.38	$0.77	($1.13)	($0.17)
Adjusted Weighted Average Diluted Shares Outstanding	44.43M	44.66M	44.25M	44.62M	45.32M	45.34M	46.14M	48.52M	49.48M	50.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.39	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.37M	43.88M	43.35M	44.18M	44.22M	45.10M	45.15M	46.39M	48.73M	50.91M
Normalized Net Operating Profit after Tax (NOPAT)	110	109	103	104	97	67	57	45	49	22
Normalized NOPAT Margin	14.61%	15.69%	17.08%	19.55%	21.88%	16.18%	7.58%	5.77%	6.07%	5.93%
Pre Tax Income Margin	12.51%	11.47%	19.48%	17.98%	21.86%	6.89%	8.02%	6.74%	-4.35%	3.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.94	3.59	8.43	5.77	10.50	3.87	12.81	12.33	-7.44	4.26
NOPAT to Interest Expense	2.81	3.16	6.78	4.75	8.74	3.75	10.76	6.87	-4.98	-2.77
EBIT Less CapEx to Interest Expense	3.78	3.41	9.69	5.53	9.95	4.09	11.40	11.94	-8.83	1.93
NOPAT Less CapEx to Interest Expense	2.65	2.98	8.05	4.52	8.19	3.96	9.35	6.47	-6.36	-5.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	45.97%	44.95%	32.67%	40.25%	37.51%	105.15%	51.92%	83.14%	0.00%	0.00%
Augmented Payout Ratio	172.77%	93.33%	116.09%	86.03%	112.77%	199.85%	293.52%	337.90%	-142.10%	-373.46%

This table displays calculated financial ratios and metrics derived from Progress Software's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	28.88%	21.47%	2.11%	-1.78%	12.46%	12.63%	15.72%	19.84%	13.32%	-4.80%	0.00%
EBITDA Growth	13.51%	3.23%	11.81%	8.20%	7.91%	-0.60%	12.69%	-15.63%	18.50%	29.70%	-18.41%
EBIT Growth	-9.21%	4.93%	39.21%	17.35%	-2.30%	-29.30%	-6.96%	-42.91%	20.63%	51.31%	-31.13%
NOPAT Growth	-7.05%	-91.75%	25.15%	14.57%	1.96%	-9.53%	6.18%	-40.05%	21.37%	25.96%	-30.16%
Net Income Growth	-51.65%	-92.52%	49.04%	33.90%	-4.37%	-35.32%	-12.38%	-58.47%	15.74%	-53.68%	120.10%
EPS Growth	-52.94%	-97.14%	54.76%	37.04%	-3.77%	-33.96%	-16.00%	-59.09%	15.22%	55.88%	-28.57%
Operating Cash Flow Growth	-2.21%	-40.74%	25.23%	32.80%	50.76%	-17.38%	16.06%	-29.75%	6.06%	-8.63%	12.62%
Free Cash Flow Firm Growth	-774.50%	-186.37%	139.12%	132.47%	143.05%	-432.63%	-70.93%	-76.14%	-35.20%	147.73%	-40.42%
Invested Capital Growth	75.54%	73.40%	-6.90%	-6.77%	-7.43%	38.61%	39.14%	40.42%	34.76%	-6.67%	31.82%
Revenue Q/Q Growth	10.72%	20.30%	2.06%	-5.20%	4.36%	1.13%	-1.83%	8.54%	4.52%	3.91%	1.66%
EBITDA Q/Q Growth	37.66%	-19.67%	17.36%	-12.53%	25.19%	-13.00%	13.57%	-12.77%	15.32%	-1.37%	-14.97%
EBIT Q/Q Growth	37.09%	-43.61%	51.26%	-22.36%	58.45%	-25.19%	27.51%	-35.36%	14.66%	-1.56%	-21.75%
NOPAT Q/Q Growth	1,225.46%	-93.99%	53.45%	-23.94%	17.72%	-8.91%	40.49%	-32.32%	4.45%	6.91%	-20.68%
Net Income Q/Q Growth	854.32%	-95.97%	75.83%	-28.50%	47.63%	-19.70%	57.97%	-48.93%	-0.14%	8.77%	-25.12%
EPS Q/Q Growth	2,300.00%	-98.46%	75.68%	-27.45%	45.71%	-16.67%	55.56%	-49.06%	0.00%	6.00%	-24.24%
Operating Cash Flow Q/Q Growth	250.86%	-65.92%	-9.46%	-9.68%	112.61%	-27.98%	-3.98%	2.53%	16.52%	1.18%	-41.88%
Free Cash Flow Firm Q/Q Growth	3.82%	-826.61%	12.42%	-14.15%	140.84%	0.73%	6.69%	-13.80%	-415.54%	151.01%	3.85%
Invested Capital Q/Q Growth	-2.27%	85.33%	-1.70%	-1.39%	-3.47%	-0.50%	-1.57%	-2.09%	44.55%	-0.12%	-0.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.58%	83.00%	83.73%	81.68%	82.24%	80.98%	81.19%	81.05%	84.04%	85.02%	84.26%
EBITDA Margin	29.80%	23.97%	35.90%	31.22%	33.84%	28.21%	32.79%	28.34%	35.26%	31.96%	33.67%
Operating Margin	13.62%	10.00%	22.58%	15.51%	18.95%	12.73%	16.78%	12.92%	21.67%	19.37%	21.18%
EBIT Margin	13.33%	10.77%	22.97%	15.50%	18.92%	12.46%	16.85%	12.97%	21.78%	19.86%	20.96%
Profit (Net Income) Margin	4.60%	0.53%	15.93%	9.25%	12.26%	8.67%	10.91%	6.78%	14.42%	15.09%	14.41%
Tax Burden Percent	82.29%	9.36%	83.04%	80.43%	82.00%	108.21%	91.15%	82.76%	79.11%	88.54%	78.74%
Interest Burden Percent	41.92%	52.92%	83.52%	74.18%	78.99%	64.25%	71.06%	63.18%	83.65%	85.83%	87.35%
Effective Tax Rate	17.71%	90.64%	16.96%	19.57%	18.00%	-8.21%	8.85%	17.24%	20.89%	11.46%	21.26%
Return on Invested Capital (ROIC)	6.38%	0.48%	12.98%	8.45%	10.39%	10.44%	11.22%	7.47%	11.01%	12.98%	15.03%
ROIC Less NNEP Spread (ROIC-NNEP)	4.76%	0.40%	12.14%	7.57%	9.43%	8.58%	9.73%	6.17%	10.23%	12.14%	13.87%
Return on Net Nonoperating Assets (RNNOA)	10.34%	0.89%	16.68%	11.81%	13.62%	9.75%	12.31%	8.36%	15.09%	11.69%	10.70%
Return on Equity (ROE)	16.72%	1.38%	29.66%	20.26%	24.01%	20.19%	23.53%	15.83%	26.10%	24.67%	25.74%
Cash Return on Invested Capital (CROIC)	-48.75%	-47.51%	17.54%	16.61%	16.91%	-21.74%	-21.77%	-22.95%	-18.02%	20.36%	-12.58%
Operating Return on Assets (OROA)	5.36%	3.93%	10.22%	6.92%	8.48%	5.74%	7.72%	5.71%	9.03%	8.61%	9.75%
Return on Assets (ROA)	1.85%	0.19%	7.08%	4.13%	5.49%	3.99%	5.00%	2.99%	5.98%	6.55%	6.71%
Return on Common Equity (ROCE)	16.72%	1.38%	29.66%	20.26%	24.01%	20.19%	23.53%	15.83%	26.10%	24.67%	25.74%
Return on Equity Simple (ROE_SIMPLE)	13.14%	0.00%	19.41%	18.24%	14.98%	0.00%	17.65%	19.40%	23.77%	0.00%	33.39%
Net Operating Profit after Tax (NOPAT)	27	2.01	34	22	29	24	27	19	28	27	25
NOPAT Margin	11.21%	0.94%	18.75%	12.47%	15.54%	13.78%	15.30%	10.69%	17.14%	17.15%	16.67%
Net Nonoperating Expense Percent (NNEP)	1.62%	0.09%	0.84%	0.88%	0.96%	1.86%	1.49%	1.30%	0.78%	0.83%	1.16%
Return On Investment Capital (ROIC_SIMPLE)	1.38%	0.10%	-	-	2.49%	2.06%	-	-	-	2.65%	-
Cost of Revenue to Revenue	19.42%	17.00%	16.27%	18.32%	17.76%	19.02%	18.81%	18.95%	15.96%	14.98%	15.74%
SG&A Expenses to Revenue	10.77%	11.95%	11.47%	12.56%	11.56%	12.49%	11.88%	12.04%	11.44%	13.71%	13.32%
R&D to Revenue	19.48%	19.17%	19.43%	20.24%	18.94%	19.22%	18.94%	19.53%	18.53%	18.20%	18.95%
Operating Expenses to Revenue	66.95%	73.00%	61.15%	66.18%	63.28%	68.24%	64.40%	68.13%	62.37%	65.65%	63.09%
Earnings before Interest and Taxes (EBIT)	32	23	41	27	35	22	29	23	36	31	32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	71	52	64	55	62	50	57	51	58	50	51
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.49	6.69	5.84	5.43	5.00	5.05	5.85	6.12	5.93	5.63	5.58
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.94	3.90	3.48	3.07	3.23	3.35	3.86	3.94	3.94	3.73	3.35
Price to Earnings (P/E)	41.76	42.89	30.10	29.78	33.39	33.10	33.15	31.56	24.93	23.59	16.69
Dividend Yield	1.28%	1.02%	1.20%	1.39%	1.32%	1.31%	1.17%	1.18%	1.24%	1.34%	1.49%
Earnings Yield	2.39%	2.33%	3.32%	3.36%	2.99%	3.02%	3.02%	3.17%	4.01%	4.24%	5.99%
Enterprise Value to Invested Capital (EV/IC)	2.07	2.35	3.06	2.75	2.79	2.74	3.01	2.97	2.83	3.39	3.17
Enterprise Value to Revenue (EV/Rev)	4.64	5.76	4.26	3.91	4.01	4.21	4.78	4.96	5.05	4.33	4.00
Enterprise Value to EBITDA (EV/EBITDA)	15.51	18.65	13.19	12.41	13.02	13.54	14.91	15.39	14.34	12.41	12.30
Enterprise Value to EBIT (EV/EBIT)	30.42	34.40	24.36	24.51	26.16	26.45	26.94	26.49	22.56	19.58	19.93
Enterprise Value to NOPAT (EV/NOPAT)	43.44	48.24	28.40	27.62	29.17	29.99	31.94	32.45	28.00	24.31	24.26
Enterprise Value to Operating Cash Flow (EV/OCF)	17.83	20.54	13.56	13.05	14.51	16.79	17.81	18.48	16.12	13.56	12.45
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	16.83	15.96	15.86	0.00	0.00	0.00	0.00	16.08	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.47	3.48	1.87	1.98	1.50	1.57	1.70	1.88	1.96	1.55	1.69
Long-Term Debt to Equity	3.47	3.48	1.87	1.98	1.50	1.55	1.67	1.85	1.94	1.54	1.67
Financial Leverage	2.17	2.24	1.37	1.56	1.44	1.14	1.27	1.35	1.48	0.96	0.77
Leverage Ratio	4.49	4.60	3.70	3.89	3.65	3.51	3.63	3.74	3.83	3.42	3.43
Compound Leverage Factor	1.88	2.43	3.09	2.88	2.88	2.26	2.58	2.36	3.21	2.94	3.00
Debt to Total Capital	77.61%	77.67%	65.14%	66.41%	59.95%	61.16%	62.92%	65.24%	66.26%	60.80%	62.79%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	1.11%	0.95%	0.80%	0.65%	0.61%	0.63%
Long-Term Debt to Total Capital	77.61%	77.67%	65.14%	66.41%	59.95%	60.06%	61.97%	64.44%	65.61%	60.19%	62.15%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	22.39%	22.33%	34.86%	33.59%	40.05%	38.84%	37.09%	34.76%	33.74%	39.20%	37.21%
Debt to EBITDA	6.21	6.55	3.44	3.54	3.14	3.36	3.50	3.75	3.71	2.94	3.12
Net Debt to EBITDA	5.69	6.05	2.43	2.69	2.53	2.77	2.86	3.15	3.15	1.72	1.99
Long-Term Debt to EBITDA	6.21	6.55	3.44	3.54	3.14	3.30	3.44	3.70	3.67	2.92	3.09
Debt to NOPAT	17.38	16.95	7.40	7.88	7.03	7.43	7.49	7.91	7.24	5.77	6.15
Net Debt to NOPAT	15.93	15.64	5.24	5.99	5.68	6.13	6.12	6.64	6.15	3.38	3.92
Long-Term Debt to NOPAT	17.38	16.95	7.40	7.88	7.03	7.30	7.37	7.81	7.17	5.71	6.09
Altman Z-Score	1.09	1.20	1.93	1.73	1.91	1.79	1.92	1.81	1.70	2.02	1.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.80	0.81	1.23	1.12	0.95	0.94	0.93	0.87	0.87	1.34	1.30
Quick Ratio	0.67	0.70	1.13	1.00	0.80	0.80	0.83	0.76	0.74	1.21	1.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-750	-780	107	95	111	-272	-274	-294	-258	82	-160
Operating Cash Flow to CapEx	5,344.73%	682.80%	5,418.99%	6,668.17%	22,816.83%	1,388.07%	3,798.76%	3,027.21%	12,147.27%	1,336.12%	3,583.56%
Free Cash Flow to Firm to Interest Expense	-40.70	-71.57	15.86	13.62	15.14	-34.53	-32.15	-34.53	-44.17	18.51	-40.03
Operating Cash Flow to Interest Expense	3.74	1.80	8.52	9.09	9.60	4.21	5.40	5.63	8.00	9.08	9.90
Operating Cash Flow Less CapEx to Interest Expense	3.67	1.54	8.37	8.95	9.56	3.90	5.25	5.45	7.93	8.40	9.62
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.40	0.36	0.44	0.45	0.45	0.46	0.46	0.44	0.41	0.43	0.47
Accounts Receivable Turnover	5.77	4.26	5.63	6.04	5.84	4.91	5.59	5.98	5.17	4.77	6.52
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	59.07	52.01	49.79	51.25	49.20	46.06	45.62	45.99	42.98	41.13	28.95
Accounts Payable Turnover	11.66	9.93	13.08	16.70	13.07	11.69	14.16	12.57	10.54	9.97	15.48
Days Sales Outstanding (DSO)	63.30	85.76	64.85	60.43	62.53	74.32	65.33	61.02	70.67	76.58	55.99
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	31.31	36.76	27.90	21.86	27.94	31.22	25.78	29.04	34.64	36.63	23.57
Cash Conversion Cycle (CCC)	31.98	49.00	36.95	38.57	34.59	43.10	39.56	31.98	36.03	39.96	32.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,805	1,847	997	1,014	1,028	1,065	1,070	1,088	1,111	768	769
Invested Capital Turnover	0.57	0.52	0.69	0.68	0.67	0.76	0.73	0.70	0.64	0.76	0.90
Increase / (Decrease) in Invested Capital	777	782	-74	-74	-82	297	301	313	286	-55	186
Enterprise Value (EV)	3,743	4,343	3,050	2,785	2,868	2,921	3,221	3,226	3,140	2,605	2,440
Market Capitalization	2,370	2,935	2,487	2,181	2,310	2,324	2,604	2,565	2,451	2,243	2,046
Book Value per Share	$9.96	$10.23	$9.95	$9.29	$10.54	$10.55	$10.26	$9.67	$9.54	$9.27	$8.44
Tangible Book Value per Share	($35.70)	($36.75)	($16.17)	($17.02)	($15.96)	($16.68)	($17.52)	($18.74)	($19.36)	($11.39)	($12.41)
Total Capital	1,929	1,965	1,221	1,196	1,153	1,184	1,200	1,205	1,225	1,017	986
Total Debt	1,497	1,526	795	794	691	724	755	786	812	618	619
Total Long-Term Debt	1,497	1,526	795	794	691	711	744	776	804	612	613
Net Debt	1,373	1,408	563	604	558	597	617	661	689	362	394
Capital Expenditures (CapEx)	1.29	2.88	1.06	0.96	0.31	2.39	1.21	1.58	0.39	3.00	1.11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-212	-204	-159	-155	-148	-135	-148	-158	-159	-142	-134
Debt-free Net Working Capital (DFNWC)	-88	-86	74	36	-15	-8.22	-10	-33	-37	114	91
Net Working Capital (NWC)	-88	-86	74	36	-15	-21	-22	-42	-44	108	85
Net Nonoperating Expense (NNE)	16	0.87	5.04	5.65	6.07	9.05	7.67	6.97	4.48	3.25	3.42
Net Nonoperating Obligations (NNO)	1,373	1,408	571	612	566	605	625	669	697	370	402
Total Depreciation and Amortization (D&A)	39	28	23	28	28	28	28	27	22	19	19
Debt-free, Cash-free Net Working Capital to Revenue	-26.28%	-27.13%	-22.23%	-21.73%	-20.73%	-19.47%	-22.01%	-24.32%	-25.66%	-23.59%	-21.95%
Debt-free Net Working Capital to Revenue	-10.89%	-11.46%	10.29%	5.02%	-2.09%	-1.18%	-1.55%	-5.03%	-5.88%	18.98%	14.92%
Net Working Capital to Revenue	-10.89%	-11.46%	10.29%	5.02%	-2.09%	-3.07%	-3.24%	-6.52%	-7.16%	17.95%	13.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	$0.03	$0.66	$0.37	$0.52	$0.35	$0.44	$0.28	$0.55	$0.55	$0.50
Adjusted Weighted Average Basic Shares Outstanding	43.26M	43.27M	42.87M	43.21M	43.80M	43.46M	43.45M	43.34M	43.30M	43.48M	43.21M
Adjusted Diluted Earnings per Share	$0.24	$0.01	$0.65	$0.37	$0.51	$0.35	$0.42	$0.27	$0.53	$0.53	$0.50
Adjusted Weighted Average Diluted Shares Outstanding	44.89M	44.43M	43.71M	43.96M	44.83M	44.66M	44.98M	44.47M	44.35M	44.25M	43.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.03M	43.37M	42.91M	42.78M	43.22M	43.88M	43.57M	43.37M	43.31M	43.35M	43.00M
Normalized Net Operating Profit after Tax (NOPAT)	35	30	35	23	31	17	28	24	31	28	25
Normalized NOPAT Margin	14.50%	13.89%	19.76%	13.02%	16.90%	9.88%	16.10%	13.47%	18.66%	17.65%	16.83%
Pre Tax Income Margin	5.59%	5.70%	19.18%	11.50%	14.95%	8.01%	11.97%	8.20%	18.22%	17.04%	18.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.72	2.12	6.07	3.87	4.76	2.80	3.46	2.72	6.12	7.06	7.91
NOPAT to Interest Expense	1.45	0.18	4.95	3.12	3.91	3.09	3.14	2.24	4.81	6.10	6.29
EBIT Less CapEx to Interest Expense	1.65	1.86	5.91	3.74	4.72	2.49	3.31	2.53	6.05	6.38	7.63
NOPAT Less CapEx to Interest Expense	1.38	-0.08	4.80	2.98	3.87	2.79	3.00	2.05	4.75	5.42	6.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	41.67%	45.97%	38.36%	43.41%	45.84%	44.95%	39.94%	38.59%	31.85%	32.67%	25.74%
Augmented Payout Ratio	208.01%	172.77%	148.18%	147.72%	105.79%	93.33%	80.44%	107.34%	100.37%	116.09%	88.96%

Frequently Asked Questions About Progress Software's Financials

When does Progress Software's financial year end?

According to the most recent income statement we have on file, Progress Software's fiscal year ends in November. Their fiscal year 2024 ended on November 30, 2024.

How has Progress Software's net income changed over the last 9 years?

Progress Software's net income appears to be on an upward trend, with a most recent value of $68.44 million in 2024, falling from -$8.80 million in 2015. The previous period was $70.20 million in 2023. View Progress Software's forecast to see where analysts expect Progress Software to go next.

What is Progress Software's operating income?

Progress Software's total operating income in 2024 was $124.00 million, based on the following breakdown:

Total Gross Profit: $622.93 million
Total Operating Expenses: $498.92 million

How has Progress Software revenue changed over the last 9 years?

Over the last 9 years, Progress Software's total revenue changed from $377.55 million in 2015 to $753.41 million in 2024, a change of 99.5%.

How much debt does Progress Software have?

Progress Software's total liabilities were at $2.09 billion at the end of 2024, a 82.7% increase from 2023, and a 488.8% increase since 2015.

How much cash does Progress Software have?

In the past 9 years, Progress Software's cash and equivalents has ranged from $97.99 million in 2020 to $256.28 million in 2022, and is currently $118.08 million as of their latest financial filing in 2024.

How has Progress Software's book value per share changed over the last 9 years?

Over the last 9 years, Progress Software's book value per share changed from 10.40 in 2015 to 10.23 in 2024, a change of -1.7%.

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This page (NASDAQ:PRGS) was last updated on 5/29/2025 by MarketBeat.com Staff

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Progress Software (PRGS) Financials

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Progress Software (PRGS) Financials

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