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Side-by-side financial comparison of PROGRESS SOFTWARE CORP (PRGS) and Xenia Hotels & Resorts, Inc. (XHR). Click either name above to swap in a different company.

Xenia Hotels & Resorts, Inc. is the larger business by last-quarter revenue ($265.6M vs $252.7M, roughly 1.1× PROGRESS SOFTWARE CORP). PROGRESS SOFTWARE CORP runs the higher net margin — 10.2% vs 2.3%, a 7.9% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs 1.4%). PROGRESS SOFTWARE CORP produced more free cash flow last quarter ($59.9M vs $5.5M). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% CAGR vs -0.4%).

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.

Xenia Hotels & Resorts, Inc. is a real estate investment trust that invests in hotels. As of December 31, 2024, it owned 31 hotels comprising 9,408 rooms.

PRGS vs XHR — Head-to-Head

Bigger by revenue
XHR
XHR
1.1× larger
XHR
$265.6M
$252.7M
PRGS
Growing faster (revenue YoY)
PRGS
PRGS
+16.1% gap
PRGS
17.5%
1.4%
XHR
Higher net margin
PRGS
PRGS
7.9% more per $
PRGS
10.2%
2.3%
XHR
More free cash flow
PRGS
PRGS
$54.5M more FCF
PRGS
$59.9M
$5.5M
XHR
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
-0.4%
XHR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRGS
PRGS
XHR
XHR
Revenue
$252.7M
$265.6M
Net Profit
$25.7M
$6.1M
Gross Margin
81.6%
30.4%
Operating Margin
15.2%
10.1%
Net Margin
10.2%
2.3%
Revenue YoY
17.5%
1.4%
Net Profit YoY
2144.6%
1053.6%
EPS (diluted)
$0.59
$0.07

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
XHR
XHR
Q4 25
$252.7M
$265.6M
Q3 25
$249.8M
$236.4M
Q2 25
$237.4M
$287.6M
Q1 25
$238.0M
$288.9M
Q4 24
$215.0M
$261.8M
Q3 24
$178.7M
$236.8M
Q2 24
$175.1M
$272.9M
Q1 24
$184.7M
$267.5M
Net Profit
PRGS
PRGS
XHR
XHR
Q4 25
$25.7M
$6.1M
Q3 25
$19.4M
$-13.7M
Q2 25
$17.0M
$55.2M
Q1 25
$10.9M
$15.6M
Q4 24
$1.1M
$-638.0K
Q3 24
$28.5M
$-7.1M
Q2 24
$16.2M
$15.3M
Q1 24
$22.6M
$8.5M
Gross Margin
PRGS
PRGS
XHR
XHR
Q4 25
81.6%
30.4%
Q3 25
81.0%
25.1%
Q2 25
80.1%
33.6%
Q1 25
80.6%
32.3%
Q4 24
83.0%
29.0%
Q3 24
83.7%
25.8%
Q2 24
81.7%
31.9%
Q1 24
82.2%
31.6%
Operating Margin
PRGS
PRGS
XHR
XHR
Q4 25
15.2%
10.1%
Q3 25
17.6%
2.0%
Q2 25
16.3%
14.0%
Q1 25
13.6%
12.4%
Q4 24
10.0%
8.2%
Q3 24
22.6%
3.2%
Q2 24
15.5%
11.1%
Q1 24
19.0%
10.3%
Net Margin
PRGS
PRGS
XHR
XHR
Q4 25
10.2%
2.3%
Q3 25
7.8%
-5.8%
Q2 25
7.2%
19.2%
Q1 25
4.6%
5.4%
Q4 24
0.5%
-0.2%
Q3 24
15.9%
-3.0%
Q2 24
9.2%
5.6%
Q1 24
12.3%
3.2%
EPS (diluted)
PRGS
PRGS
XHR
XHR
Q4 25
$0.59
$0.07
Q3 25
$0.44
$-0.14
Q2 25
$0.39
$0.56
Q1 25
$0.24
$0.15
Q4 24
$0.01
$-0.01
Q3 24
$0.65
$-0.07
Q2 24
$0.37
$0.15
Q1 24
$0.51
$0.08

Balance Sheet & Financial Strength

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

Metric
PRGS
PRGS
XHR
XHR
Cash + ST InvestmentsLiquidity on hand
$94.8M
$140.4M
Total DebtLower is stronger
$1.4B
$1.4B
Stockholders' EquityBook value
$478.3M
$1.1B
Total Assets
$2.5B
$2.8B
Debt / EquityLower = less leverage
2.93×
1.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRGS
PRGS
XHR
XHR
Q4 25
$94.8M
$140.4M
Q3 25
$99.0M
$188.2M
Q2 25
$102.0M
$172.6M
Q1 25
$124.2M
$112.6M
Q4 24
$118.1M
$78.2M
Q3 24
$232.7M
$161.5M
Q2 24
$190.4M
$143.6M
Q1 24
$133.2M
$140.1M
Total Debt
PRGS
PRGS
XHR
XHR
Q4 25
$1.4B
$1.4B
Q3 25
$1.4B
$1.4B
Q2 25
$1.5B
$1.4B
Q1 25
$1.5B
$1.4B
Q4 24
$1.5B
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
PRGS
PRGS
XHR
XHR
Q4 25
$478.3M
$1.1B
Q3 25
$477.7M
$1.2B
Q2 25
$452.7M
$1.2B
Q1 25
$431.8M
$1.2B
Q4 24
$438.8M
$1.2B
Q3 24
$425.6M
$1.3B
Q2 24
$401.7M
$1.3B
Q1 24
$461.7M
$1.3B
Total Assets
PRGS
PRGS
XHR
XHR
Q4 25
$2.5B
$2.8B
Q3 25
$2.4B
$2.9B
Q2 25
$2.4B
$2.9B
Q1 25
$2.5B
$2.9B
Q4 24
$2.5B
$2.8B
Q3 24
$1.6B
$2.9B
Q2 24
$1.6B
$2.9B
Q1 24
$1.5B
$2.9B
Debt / Equity
PRGS
PRGS
XHR
XHR
Q4 25
2.93×
1.25×
Q3 25
2.97×
1.21×
Q2 25
3.22×
1.17×
Q1 25
3.50×
1.18×
Q4 24
3.48×
1.07×
Q3 24
1.11×
Q2 24
1.09×
Q1 24
1.09×

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
XHR
XHR
Operating Cash FlowLast quarter
$62.8M
$21.4M
Free Cash FlowOCF − Capex
$59.9M
$5.5M
FCF MarginFCF / Revenue
23.7%
2.1%
Capex IntensityCapex / Revenue
1.1%
6.0%
Cash ConversionOCF / Net Profit
2.44×
3.52×
TTM Free Cash FlowTrailing 4 quarters
$229.5M
$89.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRGS
PRGS
XHR
XHR
Q4 25
$62.8M
$21.4M
Q3 25
$73.4M
$64.0M
Q2 25
$30.0M
$36.3M
Q1 25
$68.9M
$54.8M
Q4 24
$19.7M
$30.6M
Q3 24
$57.7M
$51.2M
Q2 24
$63.7M
$57.2M
Q1 24
$70.5M
$24.7M
Free Cash Flow
PRGS
PRGS
XHR
XHR
Q4 25
$59.9M
$5.5M
Q3 25
$72.4M
$44.2M
Q2 25
$29.5M
$17.8M
Q1 25
$67.7M
$22.4M
Q4 24
$16.8M
$6.2M
Q3 24
$56.6M
$4.3M
Q2 24
$62.7M
$21.4M
Q1 24
$70.2M
$-8.7M
FCF Margin
PRGS
PRGS
XHR
XHR
Q4 25
23.7%
2.1%
Q3 25
29.0%
18.7%
Q2 25
12.4%
6.2%
Q1 25
28.4%
7.8%
Q4 24
7.8%
2.4%
Q3 24
31.7%
1.8%
Q2 24
35.8%
7.8%
Q1 24
38.0%
-3.3%
Capex Intensity
PRGS
PRGS
XHR
XHR
Q4 25
1.1%
6.0%
Q3 25
0.4%
8.4%
Q2 25
0.2%
6.4%
Q1 25
0.5%
11.2%
Q4 24
1.3%
9.3%
Q3 24
0.6%
19.8%
Q2 24
0.5%
13.1%
Q1 24
0.2%
12.5%
Cash Conversion
PRGS
PRGS
XHR
XHR
Q4 25
2.44×
3.52×
Q3 25
3.78×
Q2 25
1.76×
0.66×
Q1 25
6.30×
3.51×
Q4 24
17.13×
Q3 24
2.03×
Q2 24
3.93×
3.73×
Q1 24
3.11×
2.90×

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%

XHR
XHR

Other Geographic Areas$79.1M30%
Orlando Florida$35.5M13%
Phoenix Arizona$32.4M12%
Houston Texas$29.0M11%
San Diego California$25.5M10%
Atlanta Georgia$16.2M6%
San Francisco San Mateo California$14.8M6%
Nashville TN$11.7M4%
San Jose Santa Cruz CA$10.5M4%
Hotel Other Direct$6.6M2%

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