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HAVERTY FURNITURE COMPANIES INC（HVT）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HAVERTY FURNITURE COMPANIES INC的1.3倍（$252.7M vs $201.9M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 4.2%，领先6.0%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 9.5%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $3.0M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs 4.8%）
该企业原名为国际鞋业公司，1911年由两家鞋企合并成立于美国密苏里州克莱顿，后开展多元化业务并逐步退出制鞋领域，最终更名为家具品牌国际，是美国家居行业知名企业，曾拥有布罗伊希尔等多个知名家具品牌。
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。
HVT vs PRGS — 直观对比
营收规模更大
PRGS
是对方的1.3倍
$201.9M
营收增速更快
PRGS
高出8.0%
9.5%
净利率更高
PRGS
高出6.0%
4.2%
自由现金流更多
PRGS
多$57.0M
$3.0M
两年增速更快
PRGS
近两年复合增速
4.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $201.9M | $252.7M |
| 净利润 | $8.5M | $25.7M |
| 毛利率 | 60.4% | 81.6% |
| 营业利润率 | 5.3% | 15.2% |
| 净利率 | 4.2% | 10.2% |
| 营收同比 | 9.5% | 17.5% |
| 净利润同比 | 4.1% | 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HVTPRGS
| Q4 25 | $201.9M | $252.7M | ||
| Q3 25 | $194.5M | $249.8M | ||
| Q2 25 | $181.0M | $237.4M | ||
| Q1 25 | $181.6M | $238.0M | ||
| Q4 24 | $184.4M | $215.0M | ||
| Q3 24 | $175.9M | $178.7M | ||
| Q2 24 | $178.6M | $175.1M | ||
| Q1 24 | $184.0M | $184.7M |
净利润HVTPRGS
| Q4 25 | $8.5M | $25.7M | ||
| Q3 25 | $4.7M | $19.4M | ||
| Q2 25 | $2.7M | $17.0M | ||
| Q1 25 | $3.8M | $10.9M | ||
| Q4 24 | $8.2M | $1.1M | ||
| Q3 24 | $4.9M | $28.5M | ||
| Q2 24 | $4.4M | $16.2M | ||
| Q1 24 | $2.4M | $22.6M |
毛利率HVTPRGS
| Q4 25 | 60.4% | 81.6% | ||
| Q3 25 | 60.3% | 81.0% | ||
| Q2 25 | 60.8% | 80.1% | ||
| Q1 25 | 61.2% | 80.6% | ||
| Q4 24 | 61.9% | 83.0% | ||
| Q3 24 | 60.2% | 83.7% | ||
| Q2 24 | 60.4% | 81.7% | ||
| Q1 24 | 60.3% | 82.2% |
营业利润率HVTPRGS
| Q4 25 | 5.3% | 15.2% | ||
| Q3 25 | 3.3% | 17.6% | ||
| Q2 25 | 2.4% | 16.3% | ||
| Q1 25 | 2.9% | 13.6% | ||
| Q4 24 | 5.2% | 10.0% | ||
| Q3 24 | 3.9% | 22.6% | ||
| Q2 24 | 3.6% | 15.5% | ||
| Q1 24 | 1.7% | 19.0% |
净利率HVTPRGS
| Q4 25 | 4.2% | 10.2% | ||
| Q3 25 | 2.4% | 7.8% | ||
| Q2 25 | 1.5% | 7.2% | ||
| Q1 25 | 2.1% | 4.6% | ||
| Q4 24 | 4.4% | 0.5% | ||
| Q3 24 | 2.8% | 15.9% | ||
| Q2 24 | 2.5% | 9.2% | ||
| Q1 24 | 1.3% | 12.3% |
每股收益（稀释后）HVTPRGS
| 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 | — | $0.37 | ||
| Q1 24 | — | $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 | $125.3M | $94.8M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $307.9M | $478.3M |
| 总资产 | $649.1M | $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HVTPRGS
| Q4 25 | $125.3M | $94.8M | ||
| Q3 25 | $130.5M | $99.0M | ||
| Q2 25 | $107.4M | $102.0M | ||
| Q1 25 | $111.9M | $124.2M | ||
| Q4 24 | $120.0M | $118.1M | ||
| Q3 24 | $121.2M | $232.7M | ||
| Q2 24 | $109.9M | $190.4M | ||
| Q1 24 | $111.8M | $133.2M |
总债务HVTPRGS
| 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HVTPRGS
| Q4 25 | $307.9M | $478.3M | ||
| Q3 25 | $306.0M | $477.7M | ||
| Q2 25 | $304.9M | $452.7M | ||
| Q1 25 | $305.4M | $431.8M | ||
| Q4 24 | $307.6M | $438.8M | ||
| Q3 24 | $307.8M | $425.6M | ||
| Q2 24 | $307.1M | $401.7M | ||
| Q1 24 | $306.7M | $461.7M |
总资产HVTPRGS
| Q4 25 | $649.1M | $2.5B | ||
| Q3 25 | $651.7M | $2.4B | ||
| Q2 25 | $642.7M | $2.4B | ||
| Q1 25 | $642.7M | $2.5B | ||
| Q4 24 | $648.7M | $2.5B | ||
| Q3 24 | $659.3M | $1.6B | ||
| Q2 24 | $642.1M | $1.6B | ||
| Q1 24 | $640.5M | $1.5B |
负债/权益比HVTPRGS
| 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 | $7.4M | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $59.9M |
| 自由现金流率自由现金流/营收 | 1.5% | 23.7% |
| 资本支出强度资本支出/营收 | 2.2% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.86× | 2.44× |
| 过去12个月自由现金流最近4个季度 | $33.0M | $229.5M |
8季度趋势，按日历期对齐
经营现金流HVTPRGS
| Q4 25 | $7.4M | $62.8M | ||
| Q3 25 | $31.9M | $73.4M | ||
| Q2 25 | $7.2M | $30.0M | ||
| Q1 25 | $6.2M | $68.9M | ||
| Q4 24 | $16.9M | $19.7M | ||
| Q3 24 | $24.4M | $57.7M | ||
| Q2 24 | $14.4M | $63.7M | ||
| Q1 24 | $3.1M | $70.5M |
自由现金流HVTPRGS
| Q4 25 | $3.0M | $59.9M | ||
| Q3 25 | $28.3M | $72.4M | ||
| Q2 25 | $1.6M | $29.5M | ||
| Q1 25 | $27.0K | $67.7M | ||
| Q4 24 | $9.1M | $16.8M | ||
| Q3 24 | $16.1M | $56.6M | ||
| Q2 24 | $4.9M | $62.7M | ||
| Q1 24 | $-3.3M | $70.2M |
自由现金流率HVTPRGS
| Q4 25 | 1.5% | 23.7% | ||
| Q3 25 | 14.6% | 29.0% | ||
| Q2 25 | 0.9% | 12.4% | ||
| Q1 25 | 0.0% | 28.4% | ||
| Q4 24 | 4.9% | 7.8% | ||
| Q3 24 | 9.2% | 31.7% | ||
| Q2 24 | 2.7% | 35.8% | ||
| Q1 24 | -1.8% | 38.0% |
资本支出强度HVTPRGS
| Q4 25 | 2.2% | 1.1% | ||
| Q3 25 | 1.8% | 0.4% | ||
| Q2 25 | 3.1% | 0.2% | ||
| Q1 25 | 3.4% | 0.5% | ||
| Q4 24 | 4.2% | 1.3% | ||
| Q3 24 | 4.7% | 0.6% | ||
| Q2 24 | 5.3% | 0.5% | ||
| Q1 24 | 3.5% | 0.2% |
现金转化率HVTPRGS
| Q4 25 | 0.86× | 2.44× | ||
| Q3 25 | 6.75× | 3.78× | ||
| Q2 25 | 2.69× | 1.76× | ||
| Q1 25 | 1.63× | 6.30× | ||
| Q4 24 | 2.06× | 17.13× | ||
| Q3 24 | 4.96× | 2.03× | ||
| Q2 24 | 3.25× | 3.93× | ||
| Q1 24 | 1.31× | 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
HVT
| Upholstery | $91.0M | 45% |
| Bedroom Furniture | $29.2M | 14% |
| Accessories And Other | $28.4M | 14% |
| Dining Room Furniture | $22.8M | 11% |
| Mattresses | $16.1M | 8% |
| Occasional | $14.4M | 7% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
