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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and PROGRESS SOFTWARE CORP (PRGS). Click either name above to swap in a different company.

FULTON FINANCIAL CORP is the larger business by last-quarter revenue ($336.2M vs $252.7M, roughly 1.3× PROGRESS SOFTWARE CORP). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 10.2%, a 18.0% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs 4.2%). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% CAGR vs 0.2%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

Progress Software Corporation develops and sells enterprise software products including application development platforms, data connectivity tools, and digital experience solutions. It serves global enterprise clients across finance, healthcare, manufacturing, retail and other sectors, helping organizations build scalable, high-performance business applications and streamline operational workflows.

FULT vs PRGS — Head-to-Head

Bigger by revenue
FULT
FULT
1.3× larger
FULT
$336.2M
$252.7M
PRGS
Growing faster (revenue YoY)
PRGS
PRGS
+13.3% gap
PRGS
17.5%
4.2%
FULT
Higher net margin
FULT
FULT
18.0% more per $
FULT
28.2%
10.2%
PRGS
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
0.2%
FULT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FULT
FULT
PRGS
PRGS
Revenue
$336.2M
$252.7M
Net Profit
$94.8M
$25.7M
Gross Margin
81.6%
Operating Margin
15.2%
Net Margin
28.2%
10.2%
Revenue YoY
4.2%
17.5%
Net Profit YoY
1.9%
2144.6%
EPS (diluted)
$0.55
$0.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FULT
FULT
PRGS
PRGS
Q1 26
$336.2M
Q4 25
$336.0M
$252.7M
Q3 25
$334.6M
$249.8M
Q2 25
$324.1M
$237.4M
Q1 25
$318.4M
$238.0M
Q4 24
$319.6M
$215.0M
Q3 24
$317.7M
$178.7M
Q2 24
$334.7M
$175.1M
Net Profit
FULT
FULT
PRGS
PRGS
Q1 26
$94.8M
Q4 25
$99.0M
$25.7M
Q3 25
$100.5M
$19.4M
Q2 25
$99.2M
$17.0M
Q1 25
$93.0M
$10.9M
Q4 24
$68.6M
$1.1M
Q3 24
$63.2M
$28.5M
Q2 24
$95.0M
$16.2M
Gross Margin
FULT
FULT
PRGS
PRGS
Q1 26
Q4 25
81.6%
Q3 25
81.0%
Q2 25
80.1%
Q1 25
80.6%
Q4 24
83.0%
Q3 24
83.7%
Q2 24
81.7%
Operating Margin
FULT
FULT
PRGS
PRGS
Q1 26
Q4 25
35.7%
15.2%
Q3 25
38.2%
17.6%
Q2 25
37.8%
16.3%
Q1 25
36.1%
13.6%
Q4 24
27.0%
10.0%
Q3 24
25.1%
22.6%
Q2 24
30.8%
15.5%
Net Margin
FULT
FULT
PRGS
PRGS
Q1 26
28.2%
Q4 25
29.5%
10.2%
Q3 25
30.0%
7.8%
Q2 25
30.6%
7.2%
Q1 25
29.2%
4.6%
Q4 24
21.5%
0.5%
Q3 24
19.9%
15.9%
Q2 24
28.4%
9.2%
EPS (diluted)
FULT
FULT
PRGS
PRGS
Q1 26
$0.55
Q4 25
$0.53
$0.59
Q3 25
$0.53
$0.44
Q2 25
$0.53
$0.39
Q1 25
$0.49
$0.24
Q4 24
$0.36
$0.01
Q3 24
$0.33
$0.65
Q2 24
$0.52
$0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FULT
FULT
PRGS
PRGS
Cash + ST InvestmentsLiquidity on hand
$94.8M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$3.5B
$478.3M
Total Assets
$32.2B
$2.5B
Debt / EquityLower = less leverage
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
PRGS
PRGS
Q1 26
Q4 25
$94.8M
Q3 25
$99.0M
Q2 25
$102.0M
Q1 25
$124.2M
Q4 24
$118.1M
Q3 24
$232.7M
Q2 24
$190.4M
Total Debt
FULT
FULT
PRGS
PRGS
Q1 26
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
Q2 24
Stockholders' Equity
FULT
FULT
PRGS
PRGS
Q1 26
$3.5B
Q4 25
$3.5B
$478.3M
Q3 25
$3.4B
$477.7M
Q2 25
$3.3B
$452.7M
Q1 25
$3.3B
$431.8M
Q4 24
$3.2B
$438.8M
Q3 24
$3.2B
$425.6M
Q2 24
$3.1B
$401.7M
Total Assets
FULT
FULT
PRGS
PRGS
Q1 26
$32.2B
Q4 25
$32.1B
$2.5B
Q3 25
$32.0B
$2.4B
Q2 25
$32.0B
$2.4B
Q1 25
$32.1B
$2.5B
Q4 24
$32.1B
$2.5B
Q3 24
$32.2B
$1.6B
Q2 24
$31.8B
$1.6B
Debt / Equity
FULT
FULT
PRGS
PRGS
Q1 26
Q4 25
2.93×
Q3 25
2.97×
Q2 25
3.22×
Q1 25
3.50×
Q4 24
3.48×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FULT
FULT
PRGS
PRGS
Operating Cash FlowLast quarter
$62.8M
Free Cash FlowOCF − Capex
$59.9M
FCF MarginFCF / Revenue
23.7%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$229.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FULT
FULT
PRGS
PRGS
Q1 26
Q4 25
$304.5M
$62.8M
Q3 25
$116.1M
$73.4M
Q2 25
$91.7M
$30.0M
Q1 25
$703.0K
$68.9M
Q4 24
$416.6M
$19.7M
Q3 24
$-22.0M
$57.7M
Q2 24
$157.8M
$63.7M
Free Cash Flow
FULT
FULT
PRGS
PRGS
Q1 26
Q4 25
$59.9M
Q3 25
$72.4M
Q2 25
$29.5M
Q1 25
$67.7M
Q4 24
$16.8M
Q3 24
$56.6M
Q2 24
$62.7M
FCF Margin
FULT
FULT
PRGS
PRGS
Q1 26
Q4 25
23.7%
Q3 25
29.0%
Q2 25
12.4%
Q1 25
28.4%
Q4 24
7.8%
Q3 24
31.7%
Q2 24
35.8%
Capex Intensity
FULT
FULT
PRGS
PRGS
Q1 26
Q4 25
1.1%
Q3 25
0.4%
Q2 25
0.2%
Q1 25
0.5%
Q4 24
1.3%
Q3 24
0.6%
Q2 24
0.5%
Cash Conversion
FULT
FULT
PRGS
PRGS
Q1 26
Q4 25
3.08×
2.44×
Q3 25
1.16×
3.78×
Q2 25
0.92×
1.76×
Q1 25
0.01×
6.30×
Q4 24
6.07×
17.13×
Q3 24
-0.35×
2.03×
Q2 24
1.66×
3.93×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FULT
FULT

Segment breakdown not available.

PRGS
PRGS

Maintenanceand Services$187.5M74%
Share File Acquisition$67.5M27%

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