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Merchants Bancorp（MBIN）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Merchants Bancorp的1.4倍（$252.7M vs $175.2M），Merchants Bancorp净利率更高（38.6% vs 10.2%，领先28.5%），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs 4.8%）
Ameris Bancorp是总部位于美国佐治亚州亚特兰大的银行控股企业，旗下设有Ameris Bank子公司，在佐治亚州、阿拉巴马州、佛罗里达州、北卡罗来纳州、南卡罗来纳州运营全服务网点，同时在上述五州及弗吉尼亚州、马里兰州、田纳西州设立仅办理抵押贷款业务的网点，为个人和企业客户提供线上及移动端银行服务。
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。
MBIN vs PRGS — 直观对比
营收规模更大
PRGS
是对方的1.4倍
$175.2M
净利率更高
MBIN
高出28.5%
10.2%
两年增速更快
PRGS
近两年复合增速
4.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $175.2M | $252.7M |
| 净利润 | $67.7M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | — | 15.2% |
| 净利率 | 38.6% | 10.2% |
| 营收同比 | — | 17.5% |
| 净利润同比 | 16.3% | 2144.6% |
| 每股收益（稀释后） | $1.25 | $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MBINPRGS
| Q1 26 | $175.2M | — | ||
| Q4 25 | $185.3M | $252.7M | ||
| Q3 25 | $171.1M | $249.8M | ||
| Q2 25 | $179.2M | $237.4M | ||
| Q1 25 | $145.9M | $238.0M | ||
| Q4 24 | $193.8M | $215.0M | ||
| Q3 24 | $149.6M | $178.7M | ||
| Q2 24 | $159.5M | $175.1M |
净利润MBINPRGS
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | $25.7M | ||
| Q3 25 | $54.7M | $19.4M | ||
| Q2 25 | $38.0M | $17.0M | ||
| Q1 25 | $58.2M | $10.9M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $61.3M | $28.5M | ||
| Q2 24 | $76.4M | $16.2M |
毛利率MBINPRGS
| Q1 26 | — | — | ||
| 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% |
营业利润率MBINPRGS
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | 15.2% | ||
| Q3 25 | 37.8% | 17.6% | ||
| Q2 25 | 27.3% | 16.3% | ||
| Q1 25 | 52.4% | 13.6% | ||
| Q4 24 | 66.0% | 10.0% | ||
| Q3 24 | 54.4% | 22.6% | ||
| Q2 24 | 62.2% | 15.5% |
净利率MBINPRGS
| Q1 26 | 38.6% | — | ||
| Q4 25 | — | 10.2% | ||
| Q3 25 | 32.0% | 7.8% | ||
| Q2 25 | 21.2% | 7.2% | ||
| Q1 25 | 39.9% | 4.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 41.0% | 15.9% | ||
| Q2 24 | 47.9% | 9.2% |
每股收益（稀释后）MBINPRGS
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.28 | $0.59 | ||
| Q3 25 | $0.97 | $0.44 | ||
| Q2 25 | $0.60 | $0.39 | ||
| Q1 25 | $0.93 | $0.24 | ||
| Q4 24 | $1.84 | $0.01 | ||
| Q3 24 | $1.17 | $0.65 | ||
| Q2 24 | $1.49 | $0.37 |
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 | $83.2M | $94.8M |
| 总债务越低越好 | $32.0M | $1.4B |
| 股东权益账面价值 | $2.3B | $478.3M |
| 总资产 | $20.3B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.01× | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资MBINPRGS
| Q1 26 | $83.2M | — | ||
| 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 |
总债务MBINPRGS
| Q1 26 | $32.0M | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MBINPRGS
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $478.3M | ||
| Q3 25 | $2.2B | $477.7M | ||
| Q2 25 | $2.2B | $452.7M | ||
| Q1 25 | $2.2B | $431.8M | ||
| Q4 24 | $2.2B | $438.8M | ||
| Q3 24 | $1.9B | $425.6M | ||
| Q2 24 | $1.9B | $401.7M |
总资产MBINPRGS
| Q1 26 | $20.3B | — | ||
| Q4 25 | $19.4B | $2.5B | ||
| Q3 25 | $19.4B | $2.4B | ||
| Q2 25 | $19.1B | $2.4B | ||
| Q1 25 | $18.8B | $2.5B | ||
| Q4 24 | $18.8B | $2.5B | ||
| Q3 24 | $18.7B | $1.6B | ||
| Q2 24 | $18.2B | $1.6B |
负债/权益比MBINPRGS
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | 2.93× | ||
| Q3 25 | — | 2.97× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.50× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $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 | — | 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MBINPRGS
| Q1 26 | — | — | ||
| Q4 25 | $-341.2M | $62.8M | ||
| Q3 25 | $29.8M | $73.4M | ||
| Q2 25 | $-121.2M | $30.0M | ||
| Q1 25 | $148.0M | $68.9M | ||
| Q4 24 | $-835.3M | $19.7M | ||
| Q3 24 | $-492.6M | $57.7M | ||
| Q2 24 | $51.1M | $63.7M |
自由现金流MBINPRGS
| Q1 26 | — | — | ||
| Q4 25 | $-362.2M | $59.9M | ||
| Q3 25 | $24.0M | $72.4M | ||
| Q2 25 | $-125.7M | $29.5M | ||
| Q1 25 | $141.2M | $67.7M | ||
| Q4 24 | $-853.7M | $16.8M | ||
| Q3 24 | $-497.2M | $56.6M | ||
| Q2 24 | $45.8M | $62.7M |
自由现金流率MBINPRGS
| Q1 26 | — | — | ||
| Q4 25 | -195.5% | 23.7% | ||
| Q3 25 | 14.0% | 29.0% | ||
| Q2 25 | -70.1% | 12.4% | ||
| Q1 25 | 96.8% | 28.4% | ||
| Q4 24 | -440.6% | 7.8% | ||
| Q3 24 | -332.4% | 31.7% | ||
| Q2 24 | 28.7% | 35.8% |
资本支出强度MBINPRGS
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 1.1% | ||
| Q3 25 | 3.4% | 0.4% | ||
| Q2 25 | 2.5% | 0.2% | ||
| Q1 25 | 4.7% | 0.5% | ||
| Q4 24 | 9.5% | 1.3% | ||
| Q3 24 | 3.0% | 0.6% | ||
| Q2 24 | 3.3% | 0.5% |
现金转化率MBINPRGS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.44× | ||
| Q3 25 | 0.54× | 3.78× | ||
| Q2 25 | -3.19× | 1.76× | ||
| Q1 25 | 2.54× | 6.30× | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | -8.04× | 2.03× | ||
| Q2 24 | 0.67× | 3.93× |
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
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
