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

Pebblebrook Hotel Trust is the larger business by last-quarter revenue ($345.7M vs $252.7M, roughly 1.4× PROGRESS SOFTWARE CORP). PROGRESS SOFTWARE CORP runs the higher net margin — 10.2% vs -5.3%, a 15.5% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs 7.9%). Pebblebrook Hotel Trust produced more free cash flow last quarter ($114.5M vs $59.9M). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% CAGR vs -6.7%).

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) that owns, manages, and invests in upscale, luxury, and boutique hotel properties primarily across major urban and leisure destinations in the United States. Its portfolio caters to both business and leisure travelers, focusing on high-demand markets to deliver long-term value for stakeholders.

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.

PEB vs PRGS — Head-to-Head

Bigger by revenue
PEB
PEB
1.4× larger
PEB
$345.7M
$252.7M
PRGS
Growing faster (revenue YoY)
PRGS
PRGS
+9.6% gap
PRGS
17.5%
7.9%
PEB
Higher net margin
PRGS
PRGS
15.5% more per $
PRGS
10.2%
-5.3%
PEB
More free cash flow
PEB
PEB
$54.6M more FCF
PEB
$114.5M
$59.9M
PRGS
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
-6.7%
PEB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PEB
PEB
PRGS
PRGS
Revenue
$345.7M
$252.7M
Net Profit
$-18.4M
$25.7M
Gross Margin
81.6%
Operating Margin
15.2%
Net Margin
-5.3%
10.2%
Revenue YoY
7.9%
17.5%
Net Profit YoY
42.9%
2144.6%
EPS (diluted)
$-0.26
$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
PEB
PEB
PRGS
PRGS
Q1 26
$345.7M
Q4 25
$349.0M
$252.7M
Q3 25
$398.7M
$249.8M
Q2 25
$407.5M
$237.4M
Q1 25
$320.3M
$238.0M
Q4 24
$337.6M
$215.0M
Q3 24
$404.5M
$178.7M
Q2 24
$397.1M
$175.1M
Net Profit
PEB
PEB
PRGS
PRGS
Q1 26
$-18.4M
Q4 25
$-17.9M
$25.7M
Q3 25
$-33.1M
$19.4M
Q2 25
$18.1M
$17.0M
Q1 25
$-32.9M
$10.9M
Q4 24
$-50.5M
$1.1M
Q3 24
$43.7M
$28.5M
Q2 24
$30.9M
$16.2M
Gross Margin
PEB
PEB
PRGS
PRGS
Q1 26
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%
Operating Margin
PEB
PEB
PRGS
PRGS
Q1 26
Q4 25
2.5%
15.2%
Q3 25
-2.6%
17.6%
Q2 25
12.9%
16.3%
Q1 25
-2.3%
13.6%
Q4 24
-6.7%
10.0%
Q3 24
11.6%
22.6%
Q2 24
15.4%
15.5%
Net Margin
PEB
PEB
PRGS
PRGS
Q1 26
-5.3%
Q4 25
-5.1%
10.2%
Q3 25
-8.3%
7.8%
Q2 25
4.4%
7.2%
Q1 25
-10.3%
4.6%
Q4 24
-15.0%
0.5%
Q3 24
10.8%
15.9%
Q2 24
7.8%
9.2%
EPS (diluted)
PEB
PEB
PRGS
PRGS
Q1 26
$-0.26
Q4 25
$-0.22
$0.59
Q3 25
$-0.37
$0.44
Q2 25
$0.06
$0.39
Q1 25
$-0.37
$0.24
Q4 24
$-0.47
$0.01
Q3 24
$0.24
$0.65
Q2 24
$0.16
$0.37

Balance Sheet & Financial Strength

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

Metric
PEB
PEB
PRGS
PRGS
Cash + ST InvestmentsLiquidity on hand
$196.2M
$94.8M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$2.4B
$478.3M
Total Assets
$5.3B
$2.5B
Debt / EquityLower = less leverage
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PEB
PEB
PRGS
PRGS
Q1 26
$196.2M
Q4 25
$184.2M
$94.8M
Q3 25
$223.2M
$99.0M
Q2 25
$256.1M
$102.0M
Q1 25
$208.1M
$124.2M
Q4 24
$206.7M
$118.1M
Q3 24
$134.0M
$232.7M
Q2 24
$101.7M
$190.4M
Total Debt
PEB
PEB
PRGS
PRGS
Q1 26
Q4 25
$2.1B
$1.4B
Q3 25
$2.2B
$1.4B
Q2 25
$2.2B
$1.5B
Q1 25
$2.2B
$1.5B
Q4 24
$2.2B
$1.5B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
PEB
PEB
PRGS
PRGS
Q1 26
$2.4B
Q4 25
$2.5B
$478.3M
Q3 25
$2.5B
$477.7M
Q2 25
$2.6B
$452.7M
Q1 25
$2.6B
$431.8M
Q4 24
$2.7B
$438.8M
Q3 24
$2.8B
$425.6M
Q2 24
$2.7B
$401.7M
Total Assets
PEB
PEB
PRGS
PRGS
Q1 26
$5.3B
Q4 25
$5.3B
$2.5B
Q3 25
$5.6B
$2.4B
Q2 25
$5.7B
$2.4B
Q1 25
$5.7B
$2.5B
Q4 24
$5.7B
$2.5B
Q3 24
$5.7B
$1.6B
Q2 24
$5.7B
$1.6B
Debt / Equity
PEB
PEB
PRGS
PRGS
Q1 26
Q4 25
0.86×
2.93×
Q3 25
0.89×
2.97×
Q2 25
0.85×
3.22×
Q1 25
0.85×
3.50×
Q4 24
0.83×
3.48×
Q3 24
0.80×
Q2 24
0.80×

Cash Flow & Capital Efficiency

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

Metric
PEB
PEB
PRGS
PRGS
Operating Cash FlowLast quarter
$62.8M
Free Cash FlowOCF − Capex
$114.5M
$59.9M
FCF MarginFCF / Revenue
33.1%
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
PEB
PEB
PRGS
PRGS
Q1 26
Q4 25
$249.7M
$62.8M
Q3 25
$77.6M
$73.4M
Q2 25
$90.5M
$30.0M
Q1 25
$50.3M
$68.9M
Q4 24
$275.0M
$19.7M
Q3 24
$76.1M
$57.7M
Q2 24
$83.7M
$63.7M
Free Cash Flow
PEB
PEB
PRGS
PRGS
Q1 26
$114.5M
Q4 25
$152.3M
$59.9M
Q3 25
$6.8M
$72.4M
Q2 25
$29.5M
Q1 25
$67.7M
Q4 24
$146.3M
$16.8M
Q3 24
$-24.8M
$56.6M
Q2 24
$62.7M
FCF Margin
PEB
PEB
PRGS
PRGS
Q1 26
33.1%
Q4 25
43.6%
23.7%
Q3 25
1.7%
29.0%
Q2 25
12.4%
Q1 25
28.4%
Q4 24
43.3%
7.8%
Q3 24
-6.1%
31.7%
Q2 24
35.8%
Capex Intensity
PEB
PEB
PRGS
PRGS
Q1 26
Q4 25
27.9%
1.1%
Q3 25
17.7%
0.4%
Q2 25
0.2%
Q1 25
0.5%
Q4 24
38.1%
1.3%
Q3 24
24.9%
0.6%
Q2 24
0.5%
Cash Conversion
PEB
PEB
PRGS
PRGS
Q1 26
Q4 25
2.44×
Q3 25
3.78×
Q2 25
5.01×
1.76×
Q1 25
6.30×
Q4 24
17.13×
Q3 24
1.74×
2.03×
Q2 24
2.70×
3.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PEB
PEB

Room$214.5M62%
Food and beverage$91.1M26%
Other$40.0M12%

PRGS
PRGS

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

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