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Side-by-side financial comparison of LSI INDUSTRIES INC (LYTS) and PROGRESS SOFTWARE CORP (PRGS). Click either name above to swap in a different company.

PROGRESS SOFTWARE CORP is the larger business by last-quarter revenue ($252.7M vs $143.9M, roughly 1.8× LSI INDUSTRIES INC). PROGRESS SOFTWARE CORP runs the higher net margin — 10.2% vs 1.4%, a 8.8% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs -4.4%). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% CAGR vs 2.1%).

LSI Logic Corporation was an American ASIC and EDA company founded in Santa Clara, California. The company designed and sold semiconductors and software that accelerated storage and networking in data centers, mobile networks and client computing.

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.

LYTS vs PRGS — Head-to-Head

Bigger by revenue
PRGS
PRGS
1.8× larger
PRGS
$252.7M
$143.9M
LYTS
Growing faster (revenue YoY)
PRGS
PRGS
+21.9% gap
PRGS
17.5%
-4.4%
LYTS
Higher net margin
PRGS
PRGS
8.8% more per $
PRGS
10.2%
1.4%
LYTS
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
2.1%
LYTS

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
LYTS
LYTS
PRGS
PRGS
Revenue
$143.9M
$252.7M
Net Profit
$2.0M
$25.7M
Gross Margin
81.6%
Operating Margin
15.2%
Net Margin
1.4%
10.2%
Revenue YoY
-4.4%
17.5%
Net Profit YoY
-4.8%
2144.6%
EPS (diluted)
$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
LYTS
LYTS
PRGS
PRGS
Q3 26
$143.9M
Q1 26
$143.9M
Q4 25
$147.0M
$252.7M
Q3 25
$157.2M
$249.8M
Q2 25
$155.1M
$237.4M
Q1 25
$132.5M
$238.0M
Q4 24
$147.7M
$215.0M
Q3 24
$138.1M
$178.7M
Net Profit
LYTS
LYTS
PRGS
PRGS
Q3 26
$2.0M
Q1 26
$2.0M
Q4 25
$6.3M
$25.7M
Q3 25
$7.3M
$19.4M
Q2 25
$8.2M
$17.0M
Q1 25
$3.9M
$10.9M
Q4 24
$5.6M
$1.1M
Q3 24
$6.7M
$28.5M
Gross Margin
LYTS
LYTS
PRGS
PRGS
Q3 26
Q1 26
Q4 25
25.5%
81.6%
Q3 25
25.6%
81.0%
Q2 25
26.1%
80.1%
Q1 25
24.8%
80.6%
Q4 24
23.6%
83.0%
Q3 24
24.4%
83.7%
Operating Margin
LYTS
LYTS
PRGS
PRGS
Q3 26
Q1 26
Q4 25
6.0%
15.2%
Q3 25
7.0%
17.6%
Q2 25
7.7%
16.3%
Q1 25
4.7%
13.6%
Q4 24
5.7%
10.0%
Q3 24
6.6%
22.6%
Net Margin
LYTS
LYTS
PRGS
PRGS
Q3 26
1.4%
Q1 26
1.4%
Q4 25
4.3%
10.2%
Q3 25
4.6%
7.8%
Q2 25
5.3%
7.2%
Q1 25
2.9%
4.6%
Q4 24
3.8%
0.5%
Q3 24
4.8%
15.9%
EPS (diluted)
LYTS
LYTS
PRGS
PRGS
Q3 26
Q1 26
Q4 25
$0.20
$0.59
Q3 25
$0.23
$0.44
Q2 25
$0.26
$0.39
Q1 25
$0.13
$0.24
Q4 24
$0.18
$0.01
Q3 24
$0.22
$0.65

Balance Sheet & Financial Strength

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

Metric
LYTS
LYTS
PRGS
PRGS
Cash + ST InvestmentsLiquidity on hand
$94.8M
Total DebtLower is stronger
$261.0M
$1.4B
Stockholders' EquityBook value
$352.8M
$478.3M
Total Assets
$800.5M
$2.5B
Debt / EquityLower = less leverage
0.74×
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LYTS
LYTS
PRGS
PRGS
Q3 26
Q1 26
Q4 25
$6.4M
$94.8M
Q3 25
$7.1M
$99.0M
Q2 25
$3.5M
$102.0M
Q1 25
$4.3M
$124.2M
Q4 24
$4.7M
$118.1M
Q3 24
$7.0M
$232.7M
Total Debt
LYTS
LYTS
PRGS
PRGS
Q3 26
$261.0M
Q1 26
$261.0M
Q4 25
$27.9M
$1.4B
Q3 25
$50.7M
$1.4B
Q2 25
$48.6M
$1.5B
Q1 25
$55.4M
$1.5B
Q4 24
$38.2M
$1.5B
Q3 24
$47.7M
Stockholders' Equity
LYTS
LYTS
PRGS
PRGS
Q3 26
$352.8M
Q1 26
$352.8M
Q4 25
$248.1M
$478.3M
Q3 25
$241.3M
$477.7M
Q2 25
$230.7M
$452.7M
Q1 25
$221.7M
$431.8M
Q4 24
$217.1M
$438.8M
Q3 24
$211.2M
$425.6M
Total Assets
LYTS
LYTS
PRGS
PRGS
Q3 26
$800.5M
Q1 26
$800.5M
Q4 25
$396.3M
$2.5B
Q3 25
$404.9M
$2.4B
Q2 25
$396.4M
$2.4B
Q1 25
$384.6M
$2.5B
Q4 24
$344.5M
$2.5B
Q3 24
$349.5M
$1.6B
Debt / Equity
LYTS
LYTS
PRGS
PRGS
Q3 26
0.74×
Q1 26
0.74×
Q4 25
0.11×
2.93×
Q3 25
0.21×
2.97×
Q2 25
0.21×
3.22×
Q1 25
0.25×
3.50×
Q4 24
0.18×
3.48×
Q3 24
0.23×

Cash Flow & Capital Efficiency

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

Metric
LYTS
LYTS
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
LYTS
LYTS
PRGS
PRGS
Q3 26
Q1 26
Q4 25
$25.0M
$62.8M
Q3 25
$676.0K
$73.4M
Q2 25
$9.5M
$30.0M
Q1 25
$6.9M
$68.9M
Q4 24
$9.9M
$19.7M
Q3 24
$11.8M
$57.7M
Free Cash Flow
LYTS
LYTS
PRGS
PRGS
Q3 26
Q1 26
Q4 25
$23.3M
$59.9M
Q3 25
$-291.0K
$72.4M
Q2 25
$8.5M
$29.5M
Q1 25
$6.2M
$67.7M
Q4 24
$8.8M
$16.8M
Q3 24
$11.1M
$56.6M
FCF Margin
LYTS
LYTS
PRGS
PRGS
Q3 26
Q1 26
Q4 25
15.8%
23.7%
Q3 25
-0.2%
29.0%
Q2 25
5.5%
12.4%
Q1 25
4.7%
28.4%
Q4 24
6.0%
7.8%
Q3 24
8.0%
31.7%
Capex Intensity
LYTS
LYTS
PRGS
PRGS
Q3 26
Q1 26
Q4 25
1.1%
1.1%
Q3 25
0.6%
0.4%
Q2 25
0.6%
0.2%
Q1 25
0.5%
0.5%
Q4 24
0.7%
1.3%
Q3 24
0.5%
0.6%
Cash Conversion
LYTS
LYTS
PRGS
PRGS
Q3 26
Q1 26
Q4 25
3.94×
2.44×
Q3 25
0.09×
3.78×
Q2 25
1.16×
1.76×
Q1 25
1.77×
6.30×
Q4 24
1.75×
17.13×
Q3 24
1.77×
2.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LYTS
LYTS

Segment breakdown not available.

PRGS
PRGS

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

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