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

POTLATCHDELTIC CORP is the larger business by last-quarter revenue ($314.2M vs $252.7M, roughly 1.2× PROGRESS SOFTWARE CORP). PROGRESS SOFTWARE CORP runs the higher net margin — 10.2% vs 8.2%, a 1.9% gap on every dollar of revenue. On growth, POTLATCHDELTIC CORP posted the faster year-over-year revenue change (23.1% vs 17.5%). PROGRESS SOFTWARE CORP produced more free cash flow last quarter ($59.9M vs $50.1M). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% CAGR vs 11.1%).

PotlatchDeltic Corporation is an American diversified forest products company based in Spokane, Washington.

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.

PCH vs PRGS — Head-to-Head

Bigger by revenue
PCH
PCH
1.2× larger
PCH
$314.2M
$252.7M
PRGS
Growing faster (revenue YoY)
PCH
PCH
+5.6% gap
PCH
23.1%
17.5%
PRGS
Higher net margin
PRGS
PRGS
1.9% more per $
PRGS
10.2%
8.2%
PCH
More free cash flow
PRGS
PRGS
$9.8M more FCF
PRGS
$59.9M
$50.1M
PCH
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
11.1%
PCH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PCH
PCH
PRGS
PRGS
Revenue
$314.2M
$252.7M
Net Profit
$25.9M
$25.7M
Gross Margin
18.2%
81.6%
Operating Margin
11.2%
15.2%
Net Margin
8.2%
10.2%
Revenue YoY
23.1%
17.5%
Net Profit YoY
682.5%
2144.6%
EPS (diluted)
$0.33
$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
PCH
PCH
PRGS
PRGS
Q4 25
$252.7M
Q3 25
$314.2M
$249.8M
Q2 25
$275.0M
$237.4M
Q1 25
$268.3M
$238.0M
Q4 24
$258.1M
$215.0M
Q3 24
$255.1M
$178.7M
Q2 24
$320.7M
$175.1M
Q1 24
$228.1M
$184.7M
Net Profit
PCH
PCH
PRGS
PRGS
Q4 25
$25.7M
Q3 25
$25.9M
$19.4M
Q2 25
$7.4M
$17.0M
Q1 25
$25.8M
$10.9M
Q4 24
$5.2M
$1.1M
Q3 24
$3.3M
$28.5M
Q2 24
$13.7M
$16.2M
Q1 24
$-305.0K
$22.6M
Gross Margin
PCH
PCH
PRGS
PRGS
Q4 25
81.6%
Q3 25
18.2%
81.0%
Q2 25
13.0%
80.1%
Q1 25
17.8%
80.6%
Q4 24
13.4%
83.0%
Q3 24
10.8%
83.7%
Q2 24
11.9%
81.7%
Q1 24
7.0%
82.2%
Operating Margin
PCH
PCH
PRGS
PRGS
Q4 25
15.2%
Q3 25
11.2%
17.6%
Q2 25
5.0%
16.3%
Q1 25
10.3%
13.6%
Q4 24
5.2%
10.0%
Q3 24
2.8%
22.6%
Q2 24
5.4%
15.5%
Q1 24
-2.1%
19.0%
Net Margin
PCH
PCH
PRGS
PRGS
Q4 25
10.2%
Q3 25
8.2%
7.8%
Q2 25
2.7%
7.2%
Q1 25
9.6%
4.6%
Q4 24
2.0%
0.5%
Q3 24
1.3%
15.9%
Q2 24
4.3%
9.2%
Q1 24
-0.1%
12.3%
EPS (diluted)
PCH
PCH
PRGS
PRGS
Q4 25
$0.59
Q3 25
$0.33
$0.44
Q2 25
$0.09
$0.39
Q1 25
$0.33
$0.24
Q4 24
$0.07
$0.01
Q3 24
$0.04
$0.65
Q2 24
$0.17
$0.37
Q1 24
$0.00
$0.51

Balance Sheet & Financial Strength

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

Metric
PCH
PCH
PRGS
PRGS
Cash + ST InvestmentsLiquidity on hand
$88.8M
$94.8M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$1.9B
$478.3M
Total Assets
$3.2B
$2.5B
Debt / EquityLower = less leverage
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCH
PCH
PRGS
PRGS
Q4 25
$94.8M
Q3 25
$88.8M
$99.0M
Q2 25
$95.3M
$102.0M
Q1 25
$147.5M
$124.2M
Q4 24
$151.6M
$118.1M
Q3 24
$161.1M
$232.7M
Q2 24
$199.7M
$190.4M
Q1 24
$180.2M
$133.2M
Total Debt
PCH
PCH
PRGS
PRGS
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.0B
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PCH
PCH
PRGS
PRGS
Q4 25
$478.3M
Q3 25
$1.9B
$477.7M
Q2 25
$1.9B
$452.7M
Q1 25
$2.0B
$431.8M
Q4 24
$2.0B
$438.8M
Q3 24
$2.1B
$425.6M
Q2 24
$2.1B
$401.7M
Q1 24
$2.2B
$461.7M
Total Assets
PCH
PCH
PRGS
PRGS
Q4 25
$2.5B
Q3 25
$3.2B
$2.4B
Q2 25
$3.2B
$2.4B
Q1 25
$3.3B
$2.5B
Q4 24
$3.3B
$2.5B
Q3 24
$3.3B
$1.6B
Q2 24
$3.4B
$1.6B
Q1 24
$3.4B
$1.5B
Debt / Equity
PCH
PCH
PRGS
PRGS
Q4 25
2.93×
Q3 25
2.97×
Q2 25
3.22×
Q1 25
3.50×
Q4 24
0.51×
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
PCH
PCH
PRGS
PRGS
Operating Cash FlowLast quarter
$65.7M
$62.8M
Free Cash FlowOCF − Capex
$50.1M
$59.9M
FCF MarginFCF / Revenue
15.9%
23.7%
Capex IntensityCapex / Revenue
4.9%
1.1%
Cash ConversionOCF / Net Profit
2.54×
2.44×
TTM Free Cash FlowTrailing 4 quarters
$132.4M
$229.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCH
PCH
PRGS
PRGS
Q4 25
$62.8M
Q3 25
$65.7M
$73.4M
Q2 25
$41.0M
$30.0M
Q1 25
$49.1M
$68.9M
Q4 24
$45.4M
$19.7M
Q3 24
$26.5M
$57.7M
Q2 24
$100.6M
$63.7M
Q1 24
$16.0M
$70.5M
Free Cash Flow
PCH
PCH
PRGS
PRGS
Q4 25
$59.9M
Q3 25
$50.1M
$72.4M
Q2 25
$30.6M
$29.5M
Q1 25
$26.3M
$67.7M
Q4 24
$25.4M
$16.8M
Q3 24
$-8.2M
$56.6M
Q2 24
$72.4M
$62.7M
Q1 24
$2.0M
$70.2M
FCF Margin
PCH
PCH
PRGS
PRGS
Q4 25
23.7%
Q3 25
15.9%
29.0%
Q2 25
11.1%
12.4%
Q1 25
9.8%
28.4%
Q4 24
9.9%
7.8%
Q3 24
-3.2%
31.7%
Q2 24
22.6%
35.8%
Q1 24
0.9%
38.0%
Capex Intensity
PCH
PCH
PRGS
PRGS
Q4 25
1.1%
Q3 25
4.9%
0.4%
Q2 25
3.8%
0.2%
Q1 25
8.5%
0.5%
Q4 24
7.7%
1.3%
Q3 24
13.6%
0.6%
Q2 24
8.8%
0.5%
Q1 24
6.1%
0.2%
Cash Conversion
PCH
PCH
PRGS
PRGS
Q4 25
2.44×
Q3 25
2.54×
3.78×
Q2 25
5.58×
1.76×
Q1 25
1.90×
6.30×
Q4 24
8.74×
17.13×
Q3 24
7.99×
2.03×
Q2 24
7.35×
3.93×
Q1 24
3.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PCH
PCH

Lumber$131.8M42%
Timberlands$52.5M17%
Rural Real Estate$51.3M16%
Residuals And Panels$34.0M11%
Pulpwood$16.7M5%
Development Real Estate$14.6M5%
Other$8.1M3%
Other Products$5.2M2%

PRGS
PRGS

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

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