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

KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $252.7M, roughly 1.1× PROGRESS SOFTWARE CORP). PROGRESS SOFTWARE CORP runs the higher net margin — 10.2% vs 6.3%, a 3.9% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $59.9M). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% CAGR vs -1.2%).

Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.

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.

KRC vs PRGS — Head-to-Head

Bigger by revenue
KRC
KRC
1.1× larger
KRC
$272.2M
$252.7M
PRGS
Growing faster (revenue YoY)
PRGS
PRGS
+22.5% gap
PRGS
17.5%
-5.0%
KRC
Higher net margin
PRGS
PRGS
3.9% more per $
PRGS
10.2%
6.3%
KRC
More free cash flow
KRC
KRC
$390.4M more FCF
KRC
$450.3M
$59.9M
PRGS
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
-1.2%
KRC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KRC
KRC
PRGS
PRGS
Revenue
$272.2M
$252.7M
Net Profit
$17.1M
$25.7M
Gross Margin
81.6%
Operating Margin
15.2%
Net Margin
6.3%
10.2%
Revenue YoY
-5.0%
17.5%
Net Profit YoY
-73.7%
2144.6%
EPS (diluted)
$0.11
$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
KRC
KRC
PRGS
PRGS
Q4 25
$272.2M
$252.7M
Q3 25
$279.7M
$249.8M
Q2 25
$289.9M
$237.4M
Q1 25
$270.8M
$238.0M
Q4 24
$286.4M
$215.0M
Q3 24
$289.9M
$178.7M
Q2 24
$280.7M
$175.1M
Q1 24
$278.6M
$184.7M
Net Profit
KRC
KRC
PRGS
PRGS
Q4 25
$17.1M
$25.7M
Q3 25
$162.3M
$19.4M
Q2 25
$79.6M
$17.0M
Q1 25
$43.7M
$10.9M
Q4 24
$65.0M
$1.1M
Q3 24
$57.7M
$28.5M
Q2 24
$54.5M
$16.2M
Q1 24
$55.7M
$22.6M
Gross Margin
KRC
KRC
PRGS
PRGS
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%
Q1 24
82.2%
Operating Margin
KRC
KRC
PRGS
PRGS
Q4 25
15.2%
Q3 25
17.6%
Q2 25
16.3%
Q1 25
13.6%
Q4 24
10.0%
Q3 24
22.6%
Q2 24
15.5%
Q1 24
19.0%
Net Margin
KRC
KRC
PRGS
PRGS
Q4 25
6.3%
10.2%
Q3 25
58.0%
7.8%
Q2 25
27.4%
7.2%
Q1 25
16.1%
4.6%
Q4 24
22.7%
0.5%
Q3 24
19.9%
15.9%
Q2 24
19.4%
9.2%
Q1 24
20.0%
12.3%
EPS (diluted)
KRC
KRC
PRGS
PRGS
Q4 25
$0.11
$0.59
Q3 25
$1.31
$0.44
Q2 25
$0.57
$0.39
Q1 25
$0.33
$0.24
Q4 24
$0.50
$0.01
Q3 24
$0.44
$0.65
Q2 24
$0.41
$0.37
Q1 24
$0.42
$0.51

Balance Sheet & Financial Strength

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

Metric
KRC
KRC
PRGS
PRGS
Cash + ST InvestmentsLiquidity on hand
$179.3M
$94.8M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$5.4B
$478.3M
Total Assets
$10.9B
$2.5B
Debt / EquityLower = less leverage
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRC
KRC
PRGS
PRGS
Q4 25
$179.3M
$94.8M
Q3 25
$372.4M
$99.0M
Q2 25
$193.1M
$102.0M
Q1 25
$146.7M
$124.2M
Q4 24
$165.7M
$118.1M
Q3 24
$625.4M
$232.7M
Q2 24
$835.9M
$190.4M
Q1 24
$855.0M
$133.2M
Total Debt
KRC
KRC
PRGS
PRGS
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
KRC
KRC
PRGS
PRGS
Q4 25
$5.4B
$478.3M
Q3 25
$5.5B
$477.7M
Q2 25
$5.4B
$452.7M
Q1 25
$5.4B
$431.8M
Q4 24
$5.4B
$438.8M
Q3 24
$5.4B
$425.6M
Q2 24
$5.4B
$401.7M
Q1 24
$5.4B
$461.7M
Total Assets
KRC
KRC
PRGS
PRGS
Q4 25
$10.9B
$2.5B
Q3 25
$11.0B
$2.4B
Q2 25
$10.9B
$2.4B
Q1 25
$10.9B
$2.5B
Q4 24
$10.9B
$2.5B
Q3 24
$11.4B
$1.6B
Q2 24
$11.5B
$1.6B
Q1 24
$11.6B
$1.5B
Debt / Equity
KRC
KRC
PRGS
PRGS
Q4 25
2.93×
Q3 25
2.97×
Q2 25
3.22×
Q1 25
3.50×
Q4 24
3.48×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
KRC
KRC
PRGS
PRGS
Operating Cash FlowLast quarter
$566.3M
$62.8M
Free Cash FlowOCF − Capex
$450.3M
$59.9M
FCF MarginFCF / Revenue
165.4%
23.7%
Capex IntensityCapex / Revenue
42.6%
1.1%
Cash ConversionOCF / Net Profit
33.10×
2.44×
TTM Free Cash FlowTrailing 4 quarters
$833.0M
$229.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRC
KRC
PRGS
PRGS
Q4 25
$566.3M
$62.8M
Q3 25
$176.6M
$73.4M
Q2 25
$143.7M
$30.0M
Q1 25
$136.9M
$68.9M
Q4 24
$541.1M
$19.7M
Q3 24
$176.3M
$57.7M
Q2 24
$88.7M
$63.7M
Q1 24
$167.9M
$70.5M
Free Cash Flow
KRC
KRC
PRGS
PRGS
Q4 25
$450.3M
$59.9M
Q3 25
$148.7M
$72.4M
Q2 25
$118.4M
$29.5M
Q1 25
$115.6M
$67.7M
Q4 24
$440.8M
$16.8M
Q3 24
$147.2M
$56.6M
Q2 24
$69.5M
$62.7M
Q1 24
$151.9M
$70.2M
FCF Margin
KRC
KRC
PRGS
PRGS
Q4 25
165.4%
23.7%
Q3 25
53.1%
29.0%
Q2 25
40.9%
12.4%
Q1 25
42.7%
28.4%
Q4 24
153.9%
7.8%
Q3 24
50.8%
31.7%
Q2 24
24.7%
35.8%
Q1 24
54.5%
38.0%
Capex Intensity
KRC
KRC
PRGS
PRGS
Q4 25
42.6%
1.1%
Q3 25
10.0%
0.4%
Q2 25
8.7%
0.2%
Q1 25
7.9%
0.5%
Q4 24
35.0%
1.3%
Q3 24
10.1%
0.6%
Q2 24
6.8%
0.5%
Q1 24
5.7%
0.2%
Cash Conversion
KRC
KRC
PRGS
PRGS
Q4 25
33.10×
2.44×
Q3 25
1.09×
3.78×
Q2 25
1.81×
1.76×
Q1 25
3.13×
6.30×
Q4 24
8.32×
17.13×
Q3 24
3.06×
2.03×
Q2 24
1.63×
3.93×
Q1 24
3.01×
3.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KRC
KRC

Segment breakdown not available.

PRGS
PRGS

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

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