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Cadre Holdings, Inc.（CDRE）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Cadre Holdings, Inc.的1.5倍（$252.7M vs $167.2M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 7.0%，领先3.2%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -5.0%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $18.0M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs 10.1%）
Cadre Holdings, Inc.是美国金融科技企业，面向个人及机构客户提供房地产投资项目直投渠道，覆盖纽约等地的商业地产。公司打造的投资平台支持投资者自主选择参与的具体交易项目，且投资门槛远低于全额收购物业所需资金，让不动产投资变得更接近股票交易，获得财经媒体的广泛认可。
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。
CDRE vs PRGS — 直观对比
营收规模更大
PRGS
是对方的1.5倍
$167.2M
营收增速更快
PRGS
高出22.5%
-5.0%
净利率更高
PRGS
高出3.2%
7.0%
自由现金流更多
PRGS
多$42.0M
$18.0M
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 | $167.2M | $252.7M |
| 净利润 | $11.7M | $25.7M |
| 毛利率 | 43.4% | 81.6% |
| 营业利润率 | 12.2% | 15.2% |
| 净利率 | 7.0% | 10.2% |
| 营收同比 | -5.0% | 17.5% |
| 净利润同比 | -9.6% | 2144.6% |
| 每股收益（稀释后） | $0.22 | $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CDREPRGS
| Q4 25 | $167.2M | $252.7M | ||
| Q3 25 | $155.9M | $249.8M | ||
| Q2 25 | $157.1M | $237.4M | ||
| Q1 25 | $130.1M | $238.0M | ||
| Q4 24 | $176.0M | $215.0M | ||
| Q3 24 | $109.4M | $178.7M | ||
| Q2 24 | $144.3M | $175.1M | ||
| Q1 24 | $137.9M | $184.7M |
净利润CDREPRGS
| Q4 25 | $11.7M | $25.7M | ||
| Q3 25 | $10.9M | $19.4M | ||
| Q2 25 | $12.2M | $17.0M | ||
| Q1 25 | $9.2M | $10.9M | ||
| Q4 24 | $13.0M | $1.1M | ||
| Q3 24 | $3.7M | $28.5M | ||
| Q2 24 | $12.6M | $16.2M | ||
| Q1 24 | $6.9M | $22.6M |
毛利率CDREPRGS
| Q4 25 | 43.4% | 81.6% | ||
| Q3 25 | 42.7% | 81.0% | ||
| Q2 25 | 40.9% | 80.1% | ||
| Q1 25 | 43.1% | 80.6% | ||
| Q4 24 | 43.9% | 83.0% | ||
| Q3 24 | 36.6% | 83.7% | ||
| Q2 24 | 40.6% | 81.7% | ||
| Q1 24 | 41.8% | 82.2% |
营业利润率CDREPRGS
| Q4 25 | 12.2% | 15.2% | ||
| Q3 25 | 12.0% | 17.6% | ||
| Q2 25 | 9.3% | 16.3% | ||
| Q1 25 | 10.4% | 13.6% | ||
| Q4 24 | 16.7% | 10.0% | ||
| Q3 24 | 5.0% | 22.6% | ||
| Q2 24 | 13.8% | 15.5% | ||
| Q1 24 | 8.7% | 19.0% |
净利率CDREPRGS
| Q4 25 | 7.0% | 10.2% | ||
| Q3 25 | 7.0% | 7.8% | ||
| Q2 25 | 7.8% | 7.2% | ||
| Q1 25 | 7.1% | 4.6% | ||
| Q4 24 | 7.4% | 0.5% | ||
| Q3 24 | 3.3% | 15.9% | ||
| Q2 24 | 8.7% | 9.2% | ||
| Q1 24 | 5.0% | 12.3% |
每股收益（稀释后）CDREPRGS
| Q4 25 | $0.22 | $0.59 | ||
| Q3 25 | $0.27 | $0.44 | ||
| Q2 25 | $0.30 | $0.39 | ||
| Q1 25 | $0.23 | $0.24 | ||
| Q4 24 | $0.32 | $0.01 | ||
| Q3 24 | $0.09 | $0.65 | ||
| Q2 24 | $0.31 | $0.37 | ||
| Q1 24 | $0.18 | $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 | $122.9M | $94.8M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $317.8M | $478.3M |
| 总资产 | $770.0M | $2.5B |
| 负债/权益比越低杠杆越低 | — | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资CDREPRGS
| Q4 25 | $122.9M | $94.8M | ||
| Q3 25 | $150.9M | $99.0M | ||
| Q2 25 | $137.5M | $102.0M | ||
| Q1 25 | $133.4M | $124.2M | ||
| Q4 24 | $124.9M | $118.1M | ||
| Q3 24 | $93.0M | $232.7M | ||
| Q2 24 | $105.9M | $190.4M | ||
| Q1 24 | $87.1M | $133.2M |
总债务CDREPRGS
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CDREPRGS
| Q4 25 | $317.8M | $478.3M | ||
| Q3 25 | $340.4M | $477.7M | ||
| Q2 25 | $332.5M | $452.7M | ||
| Q1 25 | $317.6M | $431.8M | ||
| Q4 24 | $311.5M | $438.8M | ||
| Q3 24 | $300.3M | $425.6M | ||
| Q2 24 | $299.4M | $401.7M | ||
| Q1 24 | $270.7M | $461.7M |
总资产CDREPRGS
| Q4 25 | $770.0M | $2.5B | ||
| Q3 25 | $792.1M | $2.4B | ||
| Q2 25 | $794.4M | $2.4B | ||
| Q1 25 | $656.3M | $2.5B | ||
| Q4 24 | $652.7M | $2.5B | ||
| Q3 24 | $616.6M | $1.6B | ||
| Q2 24 | $620.6M | $1.6B | ||
| Q1 24 | $599.4M | $1.5B |
负债/权益比CDREPRGS
| Q4 25 | — | 2.93× | ||
| Q3 25 | — | 2.97× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.50× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $21.3M | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $18.0M | $59.9M |
| 自由现金流率自由现金流/营收 | 10.7% | 23.7% |
| 资本支出强度资本支出/营收 | 2.0% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.81× | 2.44× |
| 过去12个月自由现金流最近4个季度 | $56.8M | $229.5M |
8季度趋势，按日历期对齐
经营现金流CDREPRGS
| Q4 25 | $21.3M | $62.8M | ||
| Q3 25 | $22.5M | $73.4M | ||
| Q2 25 | $2.6M | $30.0M | ||
| Q1 25 | $17.4M | $68.9M | ||
| Q4 24 | $23.7M | $19.7M | ||
| Q3 24 | $-5.2M | $57.7M | ||
| Q2 24 | $11.1M | $63.7M | ||
| Q1 24 | $2.1M | $70.5M |
自由现金流CDREPRGS
| Q4 25 | $18.0M | $59.9M | ||
| Q3 25 | $21.6M | $72.4M | ||
| Q2 25 | $1.2M | $29.5M | ||
| Q1 25 | $16.1M | $67.7M | ||
| Q4 24 | $22.4M | $16.8M | ||
| Q3 24 | $-6.2M | $56.6M | ||
| Q2 24 | $9.1M | $62.7M | ||
| Q1 24 | $794.0K | $70.2M |
自由现金流率CDREPRGS
| Q4 25 | 10.7% | 23.7% | ||
| Q3 25 | 13.9% | 29.0% | ||
| Q2 25 | 0.7% | 12.4% | ||
| Q1 25 | 12.4% | 28.4% | ||
| Q4 24 | 12.7% | 7.8% | ||
| Q3 24 | -5.7% | 31.7% | ||
| Q2 24 | 6.3% | 35.8% | ||
| Q1 24 | 0.6% | 38.0% |
资本支出强度CDREPRGS
| Q4 25 | 2.0% | 1.1% | ||
| Q3 25 | 0.5% | 0.4% | ||
| Q2 25 | 0.9% | 0.2% | ||
| Q1 25 | 1.0% | 0.5% | ||
| Q4 24 | 0.7% | 1.3% | ||
| Q3 24 | 0.9% | 0.6% | ||
| Q2 24 | 1.4% | 0.5% | ||
| Q1 24 | 1.0% | 0.2% |
现金转化率CDREPRGS
| Q4 25 | 1.81× | 2.44× | ||
| Q3 25 | 2.05× | 3.78× | ||
| Q2 25 | 0.21× | 1.76× | ||
| Q1 25 | 1.88× | 6.30× | ||
| Q4 24 | 1.83× | 17.13× | ||
| Q3 24 | -1.43× | 2.03× | ||
| Q2 24 | 0.89× | 3.93× | ||
| Q1 24 | 0.31× | 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
CDRE
| U.s.state And Local Agencies | $72.7M | 43% |
| Other | $48.6M | 29% |
| U.s.Federal Agencies | $31.6M | 19% |
| Commercial | $12.0M | 7% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
