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Side-by-side financial comparison of Otter Tail Corp (OTTR) and PROGRESS SOFTWARE CORP (PRGS). Click either name above to swap in a different company.

Otter Tail Corp is the larger business by last-quarter revenue ($308.1M vs $252.7M, roughly 1.2× PROGRESS SOFTWARE CORP). Otter Tail Corp runs the higher net margin — 16.8% vs 10.2%, a 6.6% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs 1.6%). PROGRESS SOFTWARE CORP produced more free cash flow last quarter ($59.9M vs $22.3M). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% CAGR vs -5.8%).

Otter Tail Corporation is an electric power and manufacturing company based in Fergus Falls, Minnesota. Its subsidiaries include Otter Tail Power Company, BTD Manufacturing Inc., T.O. Plastics Inc., Northern Pipe Products Inc., and Vinyltech Corporation.

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.

OTTR vs PRGS — Head-to-Head

Bigger by revenue
OTTR
OTTR
1.2× larger
OTTR
$308.1M
$252.7M
PRGS
Growing faster (revenue YoY)
PRGS
PRGS
+15.9% gap
PRGS
17.5%
1.6%
OTTR
Higher net margin
OTTR
OTTR
6.6% more per $
OTTR
16.8%
10.2%
PRGS
More free cash flow
PRGS
PRGS
$37.6M more FCF
PRGS
$59.9M
$22.3M
OTTR
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
-5.8%
OTTR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OTTR
OTTR
PRGS
PRGS
Revenue
$308.1M
$252.7M
Net Profit
$51.8M
$25.7M
Gross Margin
81.6%
Operating Margin
21.9%
15.2%
Net Margin
16.8%
10.2%
Revenue YoY
1.6%
17.5%
Net Profit YoY
-5.6%
2144.6%
EPS (diluted)
$1.22
$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
OTTR
OTTR
PRGS
PRGS
Q4 25
$308.1M
$252.7M
Q3 25
$325.6M
$249.8M
Q2 25
$333.0M
$237.4M
Q1 25
$337.4M
$238.0M
Q4 24
$303.1M
$215.0M
Q3 24
$338.0M
$178.7M
Q2 24
$342.3M
$175.1M
Q1 24
$347.1M
$184.7M
Net Profit
OTTR
OTTR
PRGS
PRGS
Q4 25
$51.8M
$25.7M
Q3 25
$78.3M
$19.4M
Q2 25
$77.7M
$17.0M
Q1 25
$68.1M
$10.9M
Q4 24
$54.9M
$1.1M
Q3 24
$85.5M
$28.5M
Q2 24
$87.0M
$16.2M
Q1 24
$74.3M
$22.6M
Gross Margin
OTTR
OTTR
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
OTTR
OTTR
PRGS
PRGS
Q4 25
21.9%
15.2%
Q3 25
29.7%
17.6%
Q2 25
29.3%
16.3%
Q1 25
24.9%
13.6%
Q4 24
22.0%
10.0%
Q3 24
31.8%
22.6%
Q2 24
32.4%
15.5%
Q1 24
27.4%
19.0%
Net Margin
OTTR
OTTR
PRGS
PRGS
Q4 25
16.8%
10.2%
Q3 25
24.0%
7.8%
Q2 25
23.3%
7.2%
Q1 25
20.2%
4.6%
Q4 24
18.1%
0.5%
Q3 24
25.3%
15.9%
Q2 24
25.4%
9.2%
Q1 24
21.4%
12.3%
EPS (diluted)
OTTR
OTTR
PRGS
PRGS
Q4 25
$1.22
$0.59
Q3 25
$1.86
$0.44
Q2 25
$1.85
$0.39
Q1 25
$1.62
$0.24
Q4 24
$1.30
$0.01
Q3 24
$2.03
$0.65
Q2 24
$2.07
$0.37
Q1 24
$1.77
$0.51

Balance Sheet & Financial Strength

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

Metric
OTTR
OTTR
PRGS
PRGS
Cash + ST InvestmentsLiquidity on hand
$440.5M
$94.8M
Total DebtLower is stronger
$963.6M
$1.4B
Stockholders' EquityBook value
$1.9B
$478.3M
Total Assets
$4.0B
$2.5B
Debt / EquityLower = less leverage
0.52×
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OTTR
OTTR
PRGS
PRGS
Q4 25
$440.5M
$94.8M
Q3 25
$379.7M
$99.0M
Q2 25
$307.2M
$102.0M
Q1 25
$284.8M
$124.2M
Q4 24
$295.4M
$118.1M
Q3 24
$280.0M
$232.7M
Q2 24
$230.7M
$190.4M
Q1 24
$238.2M
$133.2M
Total Debt
OTTR
OTTR
PRGS
PRGS
Q4 25
$963.6M
$1.4B
Q3 25
$1.0B
$1.4B
Q2 25
$1.0B
$1.5B
Q1 25
$993.5M
$1.5B
Q4 24
$943.7M
$1.5B
Q3 24
$947.0M
Q2 24
$947.0M
Q1 24
$947.0M
Stockholders' Equity
OTTR
OTTR
PRGS
PRGS
Q4 25
$1.9B
$478.3M
Q3 25
$1.8B
$477.7M
Q2 25
$1.8B
$452.7M
Q1 25
$1.7B
$431.8M
Q4 24
$1.7B
$438.8M
Q3 24
$1.6B
$425.6M
Q2 24
$1.6B
$401.7M
Q1 24
$1.5B
$461.7M
Total Assets
OTTR
OTTR
PRGS
PRGS
Q4 25
$4.0B
$2.5B
Q3 25
$3.8B
$2.4B
Q2 25
$3.8B
$2.4B
Q1 25
$3.7B
$2.5B
Q4 24
$3.7B
$2.5B
Q3 24
$3.6B
$1.6B
Q2 24
$3.5B
$1.6B
Q1 24
$3.3B
$1.5B
Debt / Equity
OTTR
OTTR
PRGS
PRGS
Q4 25
0.52×
2.93×
Q3 25
0.57×
2.97×
Q2 25
0.59×
3.22×
Q1 25
0.58×
3.50×
Q4 24
0.57×
3.48×
Q3 24
0.58×
Q2 24
0.60×
Q1 24
0.63×

Cash Flow & Capital Efficiency

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

Metric
OTTR
OTTR
PRGS
PRGS
Operating Cash FlowLast quarter
$97.0M
$62.8M
Free Cash FlowOCF − Capex
$22.3M
$59.9M
FCF MarginFCF / Revenue
7.2%
23.7%
Capex IntensityCapex / Revenue
24.3%
1.1%
Cash ConversionOCF / Net Profit
1.87×
2.44×
TTM Free Cash FlowTrailing 4 quarters
$97.9M
$229.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OTTR
OTTR
PRGS
PRGS
Q4 25
$97.0M
$62.8M
Q3 25
$129.6M
$73.4M
Q2 25
$119.9M
$30.0M
Q1 25
$39.5M
$68.9M
Q4 24
$130.0M
$19.7M
Q3 24
$99.3M
$57.7M
Q2 24
$151.5M
$63.7M
Q1 24
$71.9M
$70.5M
Free Cash Flow
OTTR
OTTR
PRGS
PRGS
Q4 25
$22.3M
$59.9M
Q3 25
$40.5M
$72.4M
Q2 25
$53.7M
$29.5M
Q1 25
$-18.5M
$67.7M
Q4 24
$31.1M
$16.8M
Q3 24
$15.1M
$56.6M
Q2 24
$50.1M
$62.7M
Q1 24
$-2.1M
$70.2M
FCF Margin
OTTR
OTTR
PRGS
PRGS
Q4 25
7.2%
23.7%
Q3 25
12.4%
29.0%
Q2 25
16.1%
12.4%
Q1 25
-5.5%
28.4%
Q4 24
10.2%
7.8%
Q3 24
4.5%
31.7%
Q2 24
14.6%
35.8%
Q1 24
-0.6%
38.0%
Capex Intensity
OTTR
OTTR
PRGS
PRGS
Q4 25
24.3%
1.1%
Q3 25
27.4%
0.4%
Q2 25
19.9%
0.2%
Q1 25
17.2%
0.5%
Q4 24
32.6%
1.3%
Q3 24
24.9%
0.6%
Q2 24
29.6%
0.5%
Q1 24
21.3%
0.2%
Cash Conversion
OTTR
OTTR
PRGS
PRGS
Q4 25
1.87×
2.44×
Q3 25
1.65×
3.78×
Q2 25
1.54×
1.76×
Q1 25
0.58×
6.30×
Q4 24
2.37×
17.13×
Q3 24
1.16×
2.03×
Q2 24
1.74×
3.93×
Q1 24
0.97×
3.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OTTR
OTTR

Retail Commercial And Industrial$91.0M30%
Plastics$81.2M26%
Manufacturing$77.2M25%
Retail Residential$35.8M12%
Electric Transmission$14.4M5%
Plastic Products$9.2M3%
Electric Product Other$1.8M1%

PRGS
PRGS

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

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