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哈雷戴维森（HOG）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
哈雷戴维森的季度营收约是PROGRESS SOFTWARE CORP的1.5倍（$390.5M vs $252.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs -72.3%，领先82.5%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -9.4%），哈雷戴维森自由现金流更多（$100.4M vs $59.9M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs -48.6%）
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
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。
HOG vs PRGS — 直观对比
营收规模更大
HOG
是对方的1.5倍
$252.7M
营收增速更快
PRGS
高出26.9%
-9.4%
净利率更高
PRGS
高出82.5%
-72.3%
自由现金流更多
HOG
多$40.5M
$59.9M
两年增速更快
PRGS
近两年复合增速
-48.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $390.5M | $252.7M |
| 净利润 | $-282.6M | $25.7M |
| 毛利率 | -7.9% | 81.6% |
| 营业利润率 | -92.4% | 15.2% |
| 净利率 | -72.3% | 10.2% |
| 营收同比 | -9.4% | 17.5% |
| 净利润同比 | -138.6% | 2144.6% |
| 每股收益（稀释后） | $-2.27 | $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HOGPRGS
| Q4 25 | $390.5M | $252.7M | ||
| Q3 25 | $1.1B | $249.8M | ||
| Q2 25 | $1.0B | $237.4M | ||
| Q1 25 | $1.1B | $238.0M | ||
| Q4 24 | $430.9M | $215.0M | ||
| Q3 24 | $881.2M | $178.7M | ||
| Q2 24 | $1.4B | $175.1M | ||
| Q1 24 | $1.5B | $184.7M |
净利润HOGPRGS
| Q4 25 | $-282.6M | $25.7M | ||
| Q3 25 | $377.4M | $19.4M | ||
| Q2 25 | $107.6M | $17.0M | ||
| Q1 25 | $133.1M | $10.9M | ||
| Q4 24 | $-118.4M | $1.1M | ||
| Q3 24 | $119.0M | $28.5M | ||
| Q2 24 | $218.3M | $16.2M | ||
| Q1 24 | $234.9M | $22.6M |
毛利率HOGPRGS
| Q4 25 | -7.9% | 81.6% | ||
| Q3 25 | 26.0% | 81.0% | ||
| Q2 25 | 28.5% | 80.1% | ||
| Q1 25 | 28.9% | 80.6% | ||
| Q4 24 | -2.0% | 83.0% | ||
| Q3 24 | 29.8% | 83.7% | ||
| Q2 24 | 31.8% | 81.7% | ||
| Q1 24 | 30.9% | 82.2% |
营业利润率HOGPRGS
| Q4 25 | -92.4% | 15.2% | ||
| Q3 25 | 44.0% | 17.6% | ||
| Q2 25 | 10.7% | 16.3% | ||
| Q1 25 | 14.8% | 13.6% | ||
| Q4 24 | -44.9% | 10.0% | ||
| Q3 24 | 12.0% | 22.6% | ||
| Q2 24 | 17.8% | 15.5% | ||
| Q1 24 | 17.8% | 19.0% |
净利率HOGPRGS
| Q4 25 | -72.3% | 10.2% | ||
| Q3 25 | 35.0% | 7.8% | ||
| Q2 25 | 10.2% | 7.2% | ||
| Q1 25 | 12.3% | 4.6% | ||
| Q4 24 | -27.5% | 0.5% | ||
| Q3 24 | 13.5% | 15.9% | ||
| Q2 24 | 16.1% | 9.2% | ||
| Q1 24 | 15.9% | 12.3% |
每股收益（稀释后）HOGPRGS
| Q4 25 | $-2.27 | $0.59 | ||
| Q3 25 | $3.10 | $0.44 | ||
| Q2 25 | $0.88 | $0.39 | ||
| Q1 25 | $1.07 | $0.24 | ||
| Q4 24 | $-0.82 | $0.01 | ||
| Q3 24 | $0.91 | $0.65 | ||
| Q2 24 | $1.63 | $0.37 | ||
| Q1 24 | $1.72 | $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 | $3.1B | $94.8M |
| 总债务越低越好 | $2.5B | $1.4B |
| 股东权益账面价值 | $3.1B | $478.3M |
| 总资产 | $8.0B | $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HOGPRGS
| Q4 25 | $3.1B | $94.8M | ||
| Q3 25 | $1.8B | $99.0M | ||
| Q2 25 | $1.6B | $102.0M | ||
| Q1 25 | $1.9B | $124.2M | ||
| Q4 24 | $1.6B | $118.1M | ||
| Q3 24 | $2.2B | $232.7M | ||
| Q2 24 | $1.8B | $190.4M | ||
| Q1 24 | $1.5B | $133.2M |
总债务HOGPRGS
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $4.5B | $1.4B | ||
| Q2 25 | $6.4B | $1.5B | ||
| Q1 25 | $6.8B | $1.5B | ||
| Q4 24 | $6.3B | $1.5B | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.0B | — | ||
| Q1 24 | $6.3B | — |
股东权益HOGPRGS
| Q4 25 | $3.1B | $478.3M | ||
| Q3 25 | $3.6B | $477.7M | ||
| Q2 25 | $3.3B | $452.7M | ||
| Q1 25 | $3.2B | $431.8M | ||
| Q4 24 | $3.2B | $438.8M | ||
| Q3 24 | $3.4B | $425.6M | ||
| Q2 24 | $3.4B | $401.7M | ||
| Q1 24 | $3.3B | $461.7M |
总资产HOGPRGS
| Q4 25 | $8.0B | $2.5B | ||
| Q3 25 | $10.6B | $2.4B | ||
| Q2 25 | $12.1B | $2.4B | ||
| Q1 25 | $12.4B | $2.5B | ||
| Q4 24 | $11.9B | $2.5B | ||
| Q3 24 | $13.0B | $1.6B | ||
| Q2 24 | $12.8B | $1.6B | ||
| Q1 24 | $12.3B | $1.5B |
负债/权益比HOGPRGS
| Q4 25 | 0.79× | 2.93× | ||
| Q3 25 | 1.25× | 2.97× | ||
| Q2 25 | 1.91× | 3.22× | ||
| Q1 25 | 2.14× | 3.50× | ||
| Q4 24 | 2.00× | 3.48× | ||
| Q3 24 | 2.13× | — | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | 1.88× | — |
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 | $152.0M | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $100.4M | $59.9M |
| 自由现金流率自由现金流/营收 | 25.7% | 23.7% |
| 资本支出强度资本支出/营收 | 13.2% | 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 | $415.2M | $229.5M |
8季度趋势，按日历期对齐
经营现金流HOGPRGS
| Q4 25 | $152.0M | $62.8M | ||
| Q3 25 | $-92.6M | $73.4M | ||
| Q2 25 | $368.0M | $30.0M | ||
| Q1 25 | $141.5M | $68.9M | ||
| Q4 24 | $133.2M | $19.7M | ||
| Q3 24 | $353.0M | $57.7M | ||
| Q2 24 | $473.6M | $63.7M | ||
| Q1 24 | $104.0M | $70.5M |
自由现金流HOGPRGS
| Q4 25 | $100.4M | $59.9M | ||
| Q3 25 | $-129.1M | $72.4M | ||
| Q2 25 | $332.4M | $29.5M | ||
| Q1 25 | $111.6M | $67.7M | ||
| Q4 24 | $77.0M | $16.8M | ||
| Q3 24 | $300.4M | $56.6M | ||
| Q2 24 | $432.2M | $62.7M | ||
| Q1 24 | $57.6M | $70.2M |
自由现金流率HOGPRGS
| Q4 25 | 25.7% | 23.7% | ||
| Q3 25 | -12.0% | 29.0% | ||
| Q2 25 | 31.7% | 12.4% | ||
| Q1 25 | 10.3% | 28.4% | ||
| Q4 24 | 17.9% | 7.8% | ||
| Q3 24 | 34.1% | 31.7% | ||
| Q2 24 | 31.9% | 35.8% | ||
| Q1 24 | 3.9% | 38.0% |
资本支出强度HOGPRGS
| Q4 25 | 13.2% | 1.1% | ||
| Q3 25 | 3.4% | 0.4% | ||
| Q2 25 | 3.4% | 0.2% | ||
| Q1 25 | 2.8% | 0.5% | ||
| Q4 24 | 13.0% | 1.3% | ||
| Q3 24 | 6.0% | 0.6% | ||
| Q2 24 | 3.1% | 0.5% | ||
| Q1 24 | 3.1% | 0.2% |
现金转化率HOGPRGS
| Q4 25 | — | 2.44× | ||
| Q3 25 | -0.25× | 3.78× | ||
| Q2 25 | 3.42× | 1.76× | ||
| Q1 25 | 1.06× | 6.30× | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | 2.97× | 2.03× | ||
| Q2 24 | 2.17× | 3.93× | ||
| Q1 24 | 0.44× | 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
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
