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CBL & ASSOCIATES PROPERTIES INC（CBL）与PROGRESS SOFTWARE CORP（PRGS）财务数据对比。点击上方公司名可切换其他公司
PROGRESS SOFTWARE CORP的季度营收约是CBL & ASSOCIATES PROPERTIES INC的1.6倍（$252.7M vs $156.4M），CBL & ASSOCIATES PROPERTIES INC净利率更高（31.3% vs 10.2%，领先21.1%），CBL & ASSOCIATES PROPERTIES INC同比增速更快（18.8% vs 17.5%），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs 10.1%）
CBL联合地产是一家美国房地产投资信托企业，核心投资布局为购物中心与商业摩尔，业务主要集中在美国东南部与中西部地区。公司在特拉华州注册，总部设于田纳西州查塔努加，该城市也是其最大的布局市场，公司名称取自创始人查尔斯·B·勒博维茨的姓名首字母。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
CBL vs PRGS — 直观对比
营收规模更大
PRGS
是对方的1.6倍
$156.4M
营收增速更快
CBL
高出1.2%
17.5%
净利率更高
CBL
高出21.1%
10.2%
两年增速更快
PRGS
近两年复合增速
10.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $156.4M | $252.7M |
| 净利润 | $49.0M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | — | 15.2% |
| 净利率 | 31.3% | 10.2% |
| 营收同比 | 18.8% | 17.5% |
| 净利润同比 | 29.0% | 2144.6% |
| 每股收益（稀释后） | $1.61 | $0.59 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CBLPRGS
| Q4 25 | $156.4M | $252.7M | ||
| Q3 25 | $139.3M | $249.8M | ||
| Q2 25 | $140.9M | $237.4M | ||
| Q1 25 | $141.8M | $238.0M | ||
| Q4 24 | $131.7M | $215.0M | ||
| Q3 24 | $125.1M | $178.7M | ||
| Q2 24 | $129.7M | $175.1M | ||
| Q1 24 | $129.1M | $184.7M |
净利润CBLPRGS
| Q4 25 | $49.0M | $25.7M | ||
| Q3 25 | $75.4M | $19.4M | ||
| Q2 25 | $2.8M | $17.0M | ||
| Q1 25 | $8.8M | $10.9M | ||
| Q4 24 | $38.0M | $1.1M | ||
| Q3 24 | $16.2M | $28.5M | ||
| Q2 24 | $4.7M | $16.2M | ||
| Q1 24 | $50.0K | $22.6M |
毛利率CBLPRGS
| 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% |
营业利润率CBLPRGS
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 17.6% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 22.6% | ||
| Q2 24 | — | 15.5% | ||
| Q1 24 | — | 19.0% |
净利率CBLPRGS
| Q4 25 | 31.3% | 10.2% | ||
| Q3 25 | 54.2% | 7.8% | ||
| Q2 25 | 2.0% | 7.2% | ||
| Q1 25 | 6.2% | 4.6% | ||
| Q4 24 | 28.8% | 0.5% | ||
| Q3 24 | 12.9% | 15.9% | ||
| Q2 24 | 3.7% | 9.2% | ||
| Q1 24 | 0.0% | 12.3% |
每股收益（稀释后）CBLPRGS
| Q4 25 | $1.61 | $0.59 | ||
| Q3 25 | $2.38 | $0.44 | ||
| Q2 25 | $0.08 | $0.39 | ||
| Q1 25 | $0.27 | $0.24 | ||
| Q4 24 | $1.22 | $0.01 | ||
| Q3 24 | $0.52 | $0.65 | ||
| Q2 24 | $0.14 | $0.37 | ||
| Q1 24 | $-0.01 | $0.51 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $42.3M | $94.8M |
| 总债务越低越好 | $2.2B | $1.4B |
| 股东权益账面价值 | $374.9M | $478.3M |
| 总资产 | $2.7B | $2.5B |
| 负债/权益比越低杠杆越低 | 5.79× | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资CBLPRGS
| Q4 25 | $42.3M | $94.8M | ||
| Q3 25 | $52.6M | $99.0M | ||
| Q2 25 | $100.3M | $102.0M | ||
| Q1 25 | $100.3M | $124.2M | ||
| Q4 24 | $40.8M | $118.1M | ||
| Q3 24 | $65.1M | $232.7M | ||
| Q2 24 | $57.7M | $190.4M | ||
| Q1 24 | $57.7M | $133.2M |
总债务CBLPRGS
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.2B | $1.5B | ||
| Q4 24 | $2.2B | $1.5B | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
股东权益CBLPRGS
| Q4 25 | $374.9M | $478.3M | ||
| Q3 25 | $351.4M | $477.7M | ||
| Q2 25 | $289.4M | $452.7M | ||
| Q1 25 | $295.0M | $431.8M | ||
| Q4 24 | $323.5M | $438.8M | ||
| Q3 24 | $308.3M | $425.6M | ||
| Q2 24 | $308.8M | $401.7M | ||
| Q1 24 | $324.2M | $461.7M |
总资产CBLPRGS
| Q4 25 | $2.7B | $2.5B | ||
| Q3 25 | $2.7B | $2.4B | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.7B | $2.5B | ||
| Q3 24 | $2.2B | $1.6B | ||
| Q2 24 | $2.3B | $1.6B | ||
| Q1 24 | $2.3B | $1.5B |
负债/权益比CBLPRGS
| Q4 25 | 5.79× | 2.93× | ||
| Q3 25 | 6.21× | 2.97× | ||
| Q2 25 | 7.39× | 3.22× | ||
| Q1 25 | 7.29× | 3.50× | ||
| Q4 24 | 6.84× | 3.48× | ||
| Q3 24 | 5.76× | — | ||
| Q2 24 | 6.00× | — | ||
| Q1 24 | 5.74× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $249.7M | $62.8M |
| 自由现金流经营现金流 - 资本支出 | — | $59.9M |
| 自由现金流率自由现金流/营收 | — | 23.7% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 5.10× | 2.44× |
| 过去12个月自由现金流最近4个季度 | — | $229.5M |
8季度趋势，按日历期对齐
经营现金流CBLPRGS
| Q4 25 | $249.7M | $62.8M | ||
| Q3 25 | $69.6M | $73.4M | ||
| Q2 25 | $68.3M | $30.0M | ||
| Q1 25 | $31.7M | $68.9M | ||
| Q4 24 | $202.2M | $19.7M | ||
| Q3 24 | $61.1M | $57.7M | ||
| Q2 24 | $64.2M | $63.7M | ||
| Q1 24 | $30.7M | $70.5M |
自由现金流CBLPRGS
| Q4 25 | — | $59.9M | ||
| Q3 25 | — | $72.4M | ||
| Q2 25 | — | $29.5M | ||
| Q1 25 | — | $67.7M | ||
| Q4 24 | — | $16.8M | ||
| Q3 24 | $46.0M | $56.6M | ||
| Q2 24 | $54.8M | $62.7M | ||
| Q1 24 | $24.7M | $70.2M |
自由现金流率CBLPRGS
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 29.0% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | 28.4% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 36.8% | 31.7% | ||
| Q2 24 | 42.2% | 35.8% | ||
| Q1 24 | 19.1% | 38.0% |
资本支出强度CBLPRGS
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | 12.1% | 0.6% | ||
| Q2 24 | 7.3% | 0.5% | ||
| Q1 24 | 4.7% | 0.2% |
现金转化率CBLPRGS
| Q4 25 | 5.10× | 2.44× | ||
| Q3 25 | 0.92× | 3.78× | ||
| Q2 25 | 24.74× | 1.76× | ||
| Q1 25 | 3.60× | 6.30× | ||
| Q4 24 | 5.32× | 17.13× | ||
| Q3 24 | 3.77× | 2.03× | ||
| Q2 24 | 13.54× | 3.93× | ||
| Q1 24 | 614.76× | 3.11× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CBL
暂无分部数据
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
