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Side-by-side financial comparison of Quanex Building Products CORP (NX) and PROGRESS SOFTWARE CORP (PRGS). Click either name above to swap in a different company.

Quanex Building Products CORP is the larger business by last-quarter revenue ($495.3M vs $252.7M, roughly 2.0× PROGRESS SOFTWARE CORP). PROGRESS SOFTWARE CORP runs the higher net margin — 10.2% vs -55.7%, a 65.9% gap on every dollar of revenue. On growth, Quanex Building Products CORP posted the faster year-over-year revenue change (76.7% vs 17.5%). PROGRESS SOFTWARE CORP produced more free cash flow last quarter ($59.9M vs $46.2M). Over the past eight quarters, Quanex Building Products CORP's revenue compounded faster (29.5% CAGR vs 17.0%).

Quanex Building Products Corporation is a leading manufacturer of engineered building components and materials. Its core offerings include insulating glass spacers, window and door systems, and cabinet furniture components, serving residential and commercial construction markets across North America and Europe, with a focus on energy-efficient, sustainable building solutions.

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.

NX vs PRGS — Head-to-Head

Bigger by revenue
NX
NX
2.0× larger
NX
$495.3M
$252.7M
PRGS
Growing faster (revenue YoY)
NX
NX
+59.1% gap
NX
76.7%
17.5%
PRGS
Higher net margin
PRGS
PRGS
65.9% more per $
PRGS
10.2%
-55.7%
NX
More free cash flow
PRGS
PRGS
$13.7M more FCF
PRGS
$59.9M
$46.2M
NX
Faster 2-yr revenue CAGR
NX
NX
Annualised
NX
29.5%
17.0%
PRGS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NX
NX
PRGS
PRGS
Revenue
$495.3M
$252.7M
Net Profit
$-276.0M
$25.7M
Gross Margin
27.9%
81.6%
Operating Margin
-54.7%
15.2%
Net Margin
-55.7%
10.2%
Revenue YoY
76.7%
17.5%
Net Profit YoY
-1188.8%
2144.6%
EPS (diluted)
$-6.04
$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
NX
NX
PRGS
PRGS
Q4 25
$252.7M
Q3 25
$495.3M
$249.8M
Q2 25
$452.5M
$237.4M
Q1 25
$400.0M
$238.0M
Q4 24
$492.2M
$215.0M
Q3 24
$280.3M
$178.7M
Q2 24
$266.2M
$175.1M
Q1 24
$239.2M
$184.7M
Net Profit
NX
NX
PRGS
PRGS
Q4 25
$25.7M
Q3 25
$-276.0M
$19.4M
Q2 25
$20.5M
$17.0M
Q1 25
$-14.9M
$10.9M
Q4 24
$-13.9M
$1.1M
Q3 24
$25.4M
$28.5M
Q2 24
$15.4M
$16.2M
Q1 24
$6.2M
$22.6M
Gross Margin
NX
NX
PRGS
PRGS
Q4 25
81.6%
Q3 25
27.9%
81.0%
Q2 25
29.0%
80.1%
Q1 25
23.1%
80.6%
Q4 24
83.0%
Q3 24
25.3%
83.7%
Q2 24
24.9%
81.7%
Q1 24
21.5%
82.2%
Operating Margin
NX
NX
PRGS
PRGS
Q4 25
15.2%
Q3 25
-54.7%
17.6%
Q2 25
9.0%
16.3%
Q1 25
-1.7%
13.6%
Q4 24
0.6%
10.0%
Q3 24
8.4%
22.6%
Q2 24
7.8%
15.5%
Q1 24
3.3%
19.0%
Net Margin
NX
NX
PRGS
PRGS
Q4 25
10.2%
Q3 25
-55.7%
7.8%
Q2 25
4.5%
7.2%
Q1 25
-3.7%
4.6%
Q4 24
-2.8%
0.5%
Q3 24
9.0%
15.9%
Q2 24
5.8%
9.2%
Q1 24
2.6%
12.3%
EPS (diluted)
NX
NX
PRGS
PRGS
Q4 25
$0.59
Q3 25
$-6.04
$0.44
Q2 25
$0.44
$0.39
Q1 25
$-0.32
$0.24
Q4 24
$-0.52
$0.01
Q3 24
$0.77
$0.65
Q2 24
$0.46
$0.37
Q1 24
$0.19
$0.51

Balance Sheet & Financial Strength

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

Metric
NX
NX
PRGS
PRGS
Cash + ST InvestmentsLiquidity on hand
$66.3M
$94.8M
Total DebtLower is stronger
$695.6M
$1.4B
Stockholders' EquityBook value
$717.4M
$478.3M
Total Assets
$2.0B
$2.5B
Debt / EquityLower = less leverage
0.97×
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NX
NX
PRGS
PRGS
Q4 25
$94.8M
Q3 25
$66.3M
$99.0M
Q2 25
$62.6M
$102.0M
Q1 25
$50.0M
$124.2M
Q4 24
$97.7M
$118.1M
Q3 24
$94.0M
$232.7M
Q2 24
$56.1M
$190.4M
Q1 24
$44.4M
$133.2M
Total Debt
NX
NX
PRGS
PRGS
Q4 25
$1.4B
Q3 25
$695.6M
$1.4B
Q2 25
$746.4M
$1.5B
Q1 25
$725.2M
$1.5B
Q4 24
$737.2M
$1.5B
Q3 24
$51.4M
Q2 24
$51.5M
Q1 24
$61.6M
Stockholders' Equity
NX
NX
PRGS
PRGS
Q4 25
$478.3M
Q3 25
$717.4M
$477.7M
Q2 25
$1.0B
$452.7M
Q1 25
$972.1M
$431.8M
Q4 24
$1.0B
$438.8M
Q3 24
$594.1M
$425.6M
Q2 24
$566.1M
$401.7M
Q1 24
$555.0M
$461.7M
Total Assets
NX
NX
PRGS
PRGS
Q4 25
$2.5B
Q3 25
$2.0B
$2.4B
Q2 25
$2.3B
$2.4B
Q1 25
$2.2B
$2.5B
Q4 24
$2.3B
$2.5B
Q3 24
$872.5M
$1.6B
Q2 24
$837.2M
$1.6B
Q1 24
$813.4M
$1.5B
Debt / Equity
NX
NX
PRGS
PRGS
Q4 25
2.93×
Q3 25
0.97×
2.97×
Q2 25
0.75×
3.22×
Q1 25
0.75×
3.50×
Q4 24
0.73×
3.48×
Q3 24
0.09×
Q2 24
0.09×
Q1 24
0.11×

Cash Flow & Capital Efficiency

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

Metric
NX
NX
PRGS
PRGS
Operating Cash FlowLast quarter
$60.7M
$62.8M
Free Cash FlowOCF − Capex
$46.2M
$59.9M
FCF MarginFCF / Revenue
9.3%
23.7%
Capex IntensityCapex / Revenue
2.9%
1.1%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$27.5M
$229.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NX
NX
PRGS
PRGS
Q4 25
$62.8M
Q3 25
$60.7M
$73.4M
Q2 25
$28.5M
$30.0M
Q1 25
$-12.5M
$68.9M
Q4 24
$5.5M
$19.7M
Q3 24
$46.4M
$57.7M
Q2 24
$33.1M
$63.7M
Q1 24
$3.9M
$70.5M
Free Cash Flow
NX
NX
PRGS
PRGS
Q4 25
$59.9M
Q3 25
$46.2M
$72.4M
Q2 25
$13.6M
$29.5M
Q1 25
$-24.1M
$67.7M
Q4 24
$-8.2M
$16.8M
Q3 24
$40.1M
$56.6M
Q2 24
$25.5M
$62.7M
Q1 24
$-5.7M
$70.2M
FCF Margin
NX
NX
PRGS
PRGS
Q4 25
23.7%
Q3 25
9.3%
29.0%
Q2 25
3.0%
12.4%
Q1 25
-6.0%
28.4%
Q4 24
-1.7%
7.8%
Q3 24
14.3%
31.7%
Q2 24
9.6%
35.8%
Q1 24
-2.4%
38.0%
Capex Intensity
NX
NX
PRGS
PRGS
Q4 25
1.1%
Q3 25
2.9%
0.4%
Q2 25
3.3%
0.2%
Q1 25
2.9%
0.5%
Q4 24
2.8%
1.3%
Q3 24
2.2%
0.6%
Q2 24
2.9%
0.5%
Q1 24
4.0%
0.2%
Cash Conversion
NX
NX
PRGS
PRGS
Q4 25
2.44×
Q3 25
3.78×
Q2 25
1.39×
1.76×
Q1 25
6.30×
Q4 24
17.13×
Q3 24
1.83×
2.03×
Q2 24
2.15×
3.93×
Q1 24
0.62×
3.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NX
NX

Window And Door Hardware$150.3M30%
Screens$76.8M16%
Window Profiles$68.2M14%
Spacers$54.7M11%
Wood Solutions$53.4M11%
Seals And Gaskets$29.9M6%
Access Solutions$27.4M6%
Mixing Solution$21.5M4%
Solar$5.3M1%
Product Type Other$3.3M1%

PRGS
PRGS

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

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