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Side-by-side financial comparison of PROGRESS SOFTWARE CORP (PRGS) and UNIVERSAL INSURANCE HOLDINGS, INC. (UVE). Click either name above to swap in a different company.

UNIVERSAL INSURANCE HOLDINGS, INC. is the larger business by last-quarter revenue ($393.6M vs $252.7M, roughly 1.6× PROGRESS SOFTWARE CORP). UNIVERSAL INSURANCE HOLDINGS, INC. runs the higher net margin — 13.8% vs 10.2%, a 3.6% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs -0.3%). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% CAGR vs 1.7%).

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.

New York Life Insurance Company (NYLIC), most commonly known as New York Life, is the second-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #69 on the 2025 Fortune 500 list of the largest U.S. corporations by total revenue. In 2025, NYLIC achieved the best possible ratings by the four independent rating companies. Other New York Life affiliates provide an array of securities products and services, as well as institutional and r...

PRGS vs UVE — Head-to-Head

Bigger by revenue
UVE
UVE
1.6× larger
UVE
$393.6M
$252.7M
PRGS
Growing faster (revenue YoY)
PRGS
PRGS
+17.9% gap
PRGS
17.5%
-0.3%
UVE
Higher net margin
UVE
UVE
3.6% more per $
UVE
13.8%
10.2%
PRGS
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
1.7%
UVE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PRGS
PRGS
UVE
UVE
Revenue
$252.7M
$393.6M
Net Profit
$25.7M
$54.3M
Gross Margin
81.6%
Operating Margin
15.2%
Net Margin
10.2%
13.8%
Revenue YoY
17.5%
-0.3%
Net Profit YoY
2144.6%
EPS (diluted)
$0.59
$1.88

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
PRGS
PRGS
UVE
UVE
Q1 26
$393.6M
Q4 25
$252.7M
$407.9M
Q3 25
$249.8M
$401.0M
Q2 25
$237.4M
$400.1M
Q1 25
$238.0M
$394.9M
Q4 24
$215.0M
$384.8M
Q3 24
$178.7M
$387.6M
Q2 24
$175.1M
$380.2M
Net Profit
PRGS
PRGS
UVE
UVE
Q1 26
$54.3M
Q4 25
$25.7M
$66.6M
Q3 25
$19.4M
$39.8M
Q2 25
$17.0M
$35.1M
Q1 25
$10.9M
$41.4M
Q4 24
$1.1M
$6.0M
Q3 24
$28.5M
$-16.2M
Q2 24
$16.2M
$35.4M
Gross Margin
PRGS
PRGS
UVE
UVE
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
PRGS
PRGS
UVE
UVE
Q1 26
Q4 25
15.2%
21.7%
Q3 25
17.6%
13.2%
Q2 25
16.3%
11.6%
Q1 25
13.6%
14.0%
Q4 24
10.0%
1.9%
Q3 24
22.6%
-4.7%
Q2 24
15.5%
12.6%
Net Margin
PRGS
PRGS
UVE
UVE
Q1 26
13.8%
Q4 25
10.2%
16.3%
Q3 25
7.8%
9.9%
Q2 25
7.2%
8.8%
Q1 25
4.6%
10.5%
Q4 24
0.5%
1.6%
Q3 24
15.9%
-4.2%
Q2 24
9.2%
9.3%
EPS (diluted)
PRGS
PRGS
UVE
UVE
Q1 26
$1.88
Q4 25
$0.59
$2.29
Q3 25
$0.44
$1.38
Q2 25
$0.39
$1.21
Q1 25
$0.24
$1.44
Q4 24
$0.01
$0.23
Q3 24
$0.65
$-0.57
Q2 24
$0.37
$1.21

Balance Sheet & Financial Strength

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

Metric
PRGS
PRGS
UVE
UVE
Cash + ST InvestmentsLiquidity on hand
$94.8M
$595.8M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$478.3M
$584.7M
Total Assets
$2.5B
$2.8B
Debt / EquityLower = less leverage
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRGS
PRGS
UVE
UVE
Q1 26
$595.8M
Q4 25
$94.8M
$408.9M
Q3 25
$99.0M
$405.1M
Q2 25
$102.0M
$367.1M
Q1 25
$124.2M
$398.2M
Q4 24
$118.1M
$259.4M
Q3 24
$232.7M
$333.7M
Q2 24
$190.4M
$283.3M
Total Debt
PRGS
PRGS
UVE
UVE
Q1 26
Q4 25
$1.4B
$100.5M
Q3 25
$1.4B
$100.7M
Q2 25
$1.5B
$100.9M
Q1 25
$1.5B
$101.1M
Q4 24
$1.5B
$101.2M
Q3 24
$101.4M
Q2 24
$101.6M
Stockholders' Equity
PRGS
PRGS
UVE
UVE
Q1 26
$584.7M
Q4 25
$478.3M
$551.0M
Q3 25
$477.7M
$495.0M
Q2 25
$452.7M
$457.8M
Q1 25
$431.8M
$422.4M
Q4 24
$438.8M
$373.3M
Q3 24
$425.6M
$400.2M
Q2 24
$401.7M
$393.2M
Total Assets
PRGS
PRGS
UVE
UVE
Q1 26
$2.8B
Q4 25
$2.5B
$2.8B
Q3 25
$2.4B
$3.1B
Q2 25
$2.4B
$3.3B
Q1 25
$2.5B
$2.7B
Q4 24
$2.5B
$2.8B
Q3 24
$1.6B
$2.7B
Q2 24
$1.6B
$2.7B
Debt / Equity
PRGS
PRGS
UVE
UVE
Q1 26
Q4 25
2.93×
0.18×
Q3 25
2.97×
0.20×
Q2 25
3.22×
0.22×
Q1 25
3.50×
0.24×
Q4 24
3.48×
0.27×
Q3 24
0.25×
Q2 24
0.26×

Cash Flow & Capital Efficiency

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

Metric
PRGS
PRGS
UVE
UVE
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
PRGS
PRGS
UVE
UVE
Q1 26
Q4 25
$62.8M
$381.5M
Q3 25
$73.4M
$62.4M
Q2 25
$30.0M
$106.2M
Q1 25
$68.9M
$186.8M
Q4 24
$19.7M
$137.4M
Q3 24
$57.7M
$82.6M
Q2 24
$63.7M
$73.2M
Free Cash Flow
PRGS
PRGS
UVE
UVE
Q1 26
Q4 25
$59.9M
$377.1M
Q3 25
$72.4M
$61.3M
Q2 25
$29.5M
$105.2M
Q1 25
$67.7M
$185.5M
Q4 24
$16.8M
$130.0M
Q3 24
$56.6M
$81.0M
Q2 24
$62.7M
$71.6M
FCF Margin
PRGS
PRGS
UVE
UVE
Q1 26
Q4 25
23.7%
92.4%
Q3 25
29.0%
15.3%
Q2 25
12.4%
26.3%
Q1 25
28.4%
47.0%
Q4 24
7.8%
33.8%
Q3 24
31.7%
20.9%
Q2 24
35.8%
18.8%
Capex Intensity
PRGS
PRGS
UVE
UVE
Q1 26
Q4 25
1.1%
1.1%
Q3 25
0.4%
0.3%
Q2 25
0.2%
0.2%
Q1 25
0.5%
0.3%
Q4 24
1.3%
1.9%
Q3 24
0.6%
0.4%
Q2 24
0.5%
0.4%
Cash Conversion
PRGS
PRGS
UVE
UVE
Q1 26
Q4 25
2.44×
5.73×
Q3 25
3.78×
1.57×
Q2 25
1.76×
3.03×
Q1 25
6.30×
4.51×
Q4 24
17.13×
22.82×
Q3 24
2.03×
Q2 24
3.93×
2.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRGS
PRGS

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

UVE
UVE

Segment breakdown not available.

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