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威伯科（CVGI）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的季度营收约是威伯科的1.6倍（$252.7M vs $154.8M），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -5.2%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $8.7M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs -10.8%）
威伯科控股曾是总部位于美国的重型商用车零部件供应商，主打电子制动、稳定性控制、悬挂及传动自动化系统，产品广泛应用于卡车、巴士、挂车以及非道路作业车辆等各类商用车领域，是商用车行业重要的零部件提供商。
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。
CVGI vs PRGS — 直观对比
营收规模更大
PRGS
是对方的1.6倍
$154.8M
营收增速更快
PRGS
高出22.8%
-5.2%
自由现金流更多
PRGS
多$51.2M
$8.7M
两年增速更快
PRGS
近两年复合增速
-10.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $154.8M | $252.7M |
| 净利润 | — | $25.7M |
| 毛利率 | 9.7% | 81.6% |
| 营业利润率 | -1.2% | 15.2% |
| 净利率 | — | 10.2% |
| 营收同比 | -5.2% | 17.5% |
| 净利润同比 | — | 2144.6% |
| 每股收益（稀释后） | — | $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CVGIPRGS
| Q4 25 | $154.8M | $252.7M | ||
| Q3 25 | $152.5M | $249.8M | ||
| Q2 25 | $172.0M | $237.4M | ||
| Q1 25 | $169.8M | $238.0M | ||
| Q4 24 | $163.3M | $215.0M | ||
| Q3 24 | $171.8M | $178.7M | ||
| Q2 24 | $193.7M | $175.1M | ||
| Q1 24 | $194.6M | $184.7M |
净利润CVGIPRGS
| Q4 25 | — | $25.7M | ||
| Q3 25 | $-7.1M | $19.4M | ||
| Q2 25 | $-4.8M | $17.0M | ||
| Q1 25 | $-4.3M | $10.9M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $9.5M | $28.5M | ||
| Q2 24 | $-1.6M | $16.2M | ||
| Q1 24 | $2.9M | $22.6M |
毛利率CVGIPRGS
| Q4 25 | 9.7% | 81.6% | ||
| Q3 25 | 10.5% | 81.0% | ||
| Q2 25 | 11.4% | 80.1% | ||
| Q1 25 | 10.5% | 80.6% | ||
| Q4 24 | 8.0% | 83.0% | ||
| Q3 24 | 9.6% | 83.7% | ||
| Q2 24 | 10.6% | 81.7% | ||
| Q1 24 | 11.9% | 82.2% |
营业利润率CVGIPRGS
| Q4 25 | -1.2% | 15.2% | ||
| Q3 25 | -0.7% | 17.6% | ||
| Q2 25 | 0.5% | 16.3% | ||
| Q1 25 | 0.8% | 13.6% | ||
| Q4 24 | -3.2% | 10.0% | ||
| Q3 24 | -0.6% | 22.6% | ||
| Q2 24 | 0.5% | 15.5% | ||
| Q1 24 | 2.3% | 19.0% |
净利率CVGIPRGS
| Q4 25 | — | 10.2% | ||
| Q3 25 | -4.6% | 7.8% | ||
| Q2 25 | -2.8% | 7.2% | ||
| Q1 25 | -2.5% | 4.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 5.5% | 15.9% | ||
| Q2 24 | -0.8% | 9.2% | ||
| Q1 24 | 1.5% | 12.3% |
每股收益（稀释后）CVGIPRGS
| Q4 25 | — | $0.59 | ||
| Q3 25 | — | $0.44 | ||
| Q2 25 | — | $0.39 | ||
| Q1 25 | — | $0.24 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | — | $0.65 | ||
| Q2 24 | $-0.05 | $0.37 | ||
| Q1 24 | $0.09 | $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 | — | $94.8M |
| 总债务越低越好 | $104.9M | $1.4B |
| 股东权益账面价值 | $133.4M | $478.3M |
| 总资产 | $391.7M | $2.5B |
| 负债/权益比越低杠杆越低 | 0.79× | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资CVGIPRGS
| Q4 25 | — | $94.8M | ||
| Q3 25 | — | $99.0M | ||
| Q2 25 | — | $102.0M | ||
| Q1 25 | — | $124.2M | ||
| Q4 24 | — | $118.1M | ||
| Q3 24 | — | $232.7M | ||
| Q2 24 | — | $190.4M | ||
| Q1 24 | — | $133.2M |
总债务CVGIPRGS
| Q4 25 | $104.9M | $1.4B | ||
| Q3 25 | $108.2M | $1.4B | ||
| Q2 25 | $118.2M | $1.5B | ||
| Q1 25 | $117.4M | $1.5B | ||
| Q4 24 | $135.5M | $1.5B | ||
| Q3 24 | $128.8M | — | ||
| Q2 24 | $142.0M | — | ||
| Q1 24 | $155.7M | — |
股东权益CVGIPRGS
| Q4 25 | $133.4M | $478.3M | ||
| Q3 25 | $136.5M | $477.7M | ||
| Q2 25 | $142.6M | $452.7M | ||
| Q1 25 | $136.7M | $431.8M | ||
| Q4 24 | $135.6M | $438.8M | ||
| Q3 24 | $179.3M | $425.6M | ||
| Q2 24 | $169.6M | $401.7M | ||
| Q1 24 | $175.5M | $461.7M |
总资产CVGIPRGS
| Q4 25 | $391.7M | $2.5B | ||
| Q3 25 | $400.3M | $2.4B | ||
| Q2 25 | $429.8M | $2.4B | ||
| Q1 25 | $419.8M | $2.5B | ||
| Q4 24 | $424.6M | $2.5B | ||
| Q3 24 | $495.3M | $1.6B | ||
| Q2 24 | $503.2M | $1.6B | ||
| Q1 24 | $509.2M | $1.5B |
负债/权益比CVGIPRGS
| Q4 25 | 0.79× | 2.93× | ||
| Q3 25 | 0.79× | 2.97× | ||
| Q2 25 | 0.83× | 3.22× | ||
| Q1 25 | 0.86× | 3.50× | ||
| Q4 24 | 1.00× | 3.48× | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 0.89× | — |
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 | $12.3M | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $8.7M | $59.9M |
| 自由现金流率自由现金流/营收 | 5.6% | 23.7% |
| 资本支出强度资本支出/营收 | 2.3% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | $34.0M | $229.5M |
8季度趋势，按日历期对齐
经营现金流CVGIPRGS
| Q4 25 | $12.3M | $62.8M | ||
| Q3 25 | $-1.7M | $73.4M | ||
| Q2 25 | $18.9M | $30.0M | ||
| Q1 25 | $15.2M | $68.9M | ||
| Q4 24 | $-26.6M | $19.7M | ||
| Q3 24 | $-17.1M | $57.7M | ||
| Q2 24 | $12.6M | $63.7M | ||
| Q1 24 | $-2.4M | $70.5M |
自由现金流CVGIPRGS
| Q4 25 | $8.7M | $59.9M | ||
| Q3 25 | $-3.5M | $72.4M | ||
| Q2 25 | $17.4M | $29.5M | ||
| Q1 25 | $11.4M | $67.7M | ||
| Q4 24 | $-30.6M | $16.8M | ||
| Q3 24 | $-20.3M | $56.6M | ||
| Q2 24 | $6.4M | $62.7M | ||
| Q1 24 | $-7.4M | $70.2M |
自由现金流率CVGIPRGS
| Q4 25 | 5.6% | 23.7% | ||
| Q3 25 | -2.3% | 29.0% | ||
| Q2 25 | 10.1% | 12.4% | ||
| Q1 25 | 6.7% | 28.4% | ||
| Q4 24 | -18.7% | 7.8% | ||
| Q3 24 | -11.8% | 31.7% | ||
| Q2 24 | 3.3% | 35.8% | ||
| Q1 24 | -3.8% | 38.0% |
资本支出强度CVGIPRGS
| Q4 25 | 2.3% | 1.1% | ||
| Q3 25 | 1.2% | 0.4% | ||
| Q2 25 | 0.9% | 0.2% | ||
| Q1 25 | 2.2% | 0.5% | ||
| Q4 24 | 2.4% | 1.3% | ||
| Q3 24 | 1.9% | 0.6% | ||
| Q2 24 | 3.2% | 0.5% | ||
| Q1 24 | 2.6% | 0.2% |
现金转化率CVGIPRGS
| Q4 25 | — | 2.44× | ||
| Q3 25 | — | 3.78× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | — | 6.30× | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | -1.79× | 2.03× | ||
| Q2 24 | — | 3.93× | ||
| Q1 24 | -0.80× | 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
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
