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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and PROGRESS SOFTWARE CORP (PRGS). Click either name above to swap in a different company.

Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $252.7M, roughly 1.3× PROGRESS SOFTWARE CORP). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 10.2%, a 11.2% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs -4.3%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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.

NMM vs PRGS — Head-to-Head

Bigger by revenue
NMM
NMM
1.3× larger
NMM
$327.6M
$252.7M
PRGS
Growing faster (revenue YoY)
PRGS
PRGS
+21.8% gap
PRGS
17.5%
-4.3%
NMM
Higher net margin
NMM
NMM
11.2% more per $
NMM
21.4%
10.2%
PRGS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
PRGS
PRGS
Revenue
$327.6M
$252.7M
Net Profit
$69.9M
$25.7M
Gross Margin
90.5%
81.6%
Operating Margin
15.2%
Net Margin
21.4%
10.2%
Revenue YoY
-4.3%
17.5%
Net Profit YoY
-31.1%
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
NMM
NMM
PRGS
PRGS
Q4 25
$252.7M
Q3 25
$249.8M
Q2 25
$327.6M
$237.4M
Q1 25
$238.0M
Q4 24
$215.0M
Q3 24
$178.7M
Q2 24
$342.2M
$175.1M
Q1 24
$184.7M
Net Profit
NMM
NMM
PRGS
PRGS
Q4 25
$25.7M
Q3 25
$19.4M
Q2 25
$69.9M
$17.0M
Q1 25
$10.9M
Q4 24
$1.1M
Q3 24
$28.5M
Q2 24
$101.5M
$16.2M
Q1 24
$22.6M
Gross Margin
NMM
NMM
PRGS
PRGS
Q4 25
81.6%
Q3 25
81.0%
Q2 25
90.5%
80.1%
Q1 25
80.6%
Q4 24
83.0%
Q3 24
83.7%
Q2 24
88.3%
81.7%
Q1 24
82.2%
Operating Margin
NMM
NMM
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
NMM
NMM
PRGS
PRGS
Q4 25
10.2%
Q3 25
7.8%
Q2 25
21.4%
7.2%
Q1 25
4.6%
Q4 24
0.5%
Q3 24
15.9%
Q2 24
29.7%
9.2%
Q1 24
12.3%
EPS (diluted)
NMM
NMM
PRGS
PRGS
Q4 25
$0.59
Q3 25
$0.44
Q2 25
$0.39
Q1 25
$0.24
Q4 24
$0.01
Q3 24
$0.65
Q2 24
$0.37
Q1 24
$0.51

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
PRGS
PRGS
Cash + ST InvestmentsLiquidity on hand
$377.0M
$94.8M
Total DebtLower is stronger
$2.0B
$1.4B
Stockholders' EquityBook value
$478.3M
Total Assets
$5.9B
$2.5B
Debt / EquityLower = less leverage
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
PRGS
PRGS
Q4 25
$94.8M
Q3 25
$99.0M
Q2 25
$377.0M
$102.0M
Q1 25
$124.2M
Q4 24
$118.1M
Q3 24
$232.7M
Q2 24
$272.0M
$190.4M
Q1 24
$133.2M
Total Debt
NMM
NMM
PRGS
PRGS
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$2.0B
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
NMM
NMM
PRGS
PRGS
Q4 25
$478.3M
Q3 25
$477.7M
Q2 25
$452.7M
Q1 25
$431.8M
Q4 24
$438.8M
Q3 24
$425.6M
Q2 24
$401.7M
Q1 24
$461.7M
Total Assets
NMM
NMM
PRGS
PRGS
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$5.9B
$2.4B
Q1 25
$2.5B
Q4 24
$2.5B
Q3 24
$1.6B
Q2 24
$5.3B
$1.6B
Q1 24
$1.5B
Debt / Equity
NMM
NMM
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
NMM
NMM
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
NMM
NMM
PRGS
PRGS
Q4 25
$62.8M
Q3 25
$73.4M
Q2 25
$30.0M
Q1 25
$68.9M
Q4 24
$19.7M
Q3 24
$57.7M
Q2 24
$63.7M
Q1 24
$70.5M
Free Cash Flow
NMM
NMM
PRGS
PRGS
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
Q1 24
$70.2M
FCF Margin
NMM
NMM
PRGS
PRGS
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%
Q1 24
38.0%
Capex Intensity
NMM
NMM
PRGS
PRGS
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%
Q1 24
0.2%
Cash Conversion
NMM
NMM
PRGS
PRGS
Q4 25
2.44×
Q3 25
3.78×
Q2 25
1.76×
Q1 25
6.30×
Q4 24
17.13×
Q3 24
2.03×
Q2 24
3.93×
Q1 24
3.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NMM
NMM

Segment breakdown not available.

PRGS
PRGS

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

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