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MADRIGAL PHARMACEUTICALS, INC.（MDGL）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
MADRIGAL PHARMACEUTICALS, INC.的季度营收约是PROGRESS SOFTWARE CORP的1.3倍（$321.1M vs $252.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs -18.2%，领先28.4%），MADRIGAL PHARMACEUTICALS, INC.同比增速更快（210.8% vs 17.5%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $-133.8M）
本公司是一家美国生物制药企业，成立于2002年，专注于研发新型合成胆汁酸类似物，可用于治疗原发性胆汁性胆管炎、非酒精性脂肪肝、肝硬化等慢性肝病，以及胆汁酸性腹泻等肠道疾病。
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。
MDGL vs PRGS — 直观对比
营收规模更大
MDGL
是对方的1.3倍
$252.7M
营收增速更快
MDGL
高出193.2%
17.5%
净利率更高
PRGS
高出28.4%
-18.2%
自由现金流更多
PRGS
多$193.8M
$-133.8M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $321.1M | $252.7M |
| 净利润 | $-58.6M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | -18.6% | 15.2% |
| 净利率 | -18.2% | 10.2% |
| 营收同比 | 210.8% | 17.5% |
| 净利润同比 | 1.4% | 2144.6% |
| 每股收益（稀释后） | $-2.55 | $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MDGLPRGS
| Q4 25 | $321.1M | $252.7M | ||
| Q3 25 | $287.3M | $249.8M | ||
| Q2 25 | $212.8M | $237.4M | ||
| Q1 25 | $137.3M | $238.0M | ||
| Q4 24 | $103.3M | $215.0M | ||
| Q3 24 | $62.2M | $178.7M | ||
| Q2 24 | — | $175.1M | ||
| Q1 24 | $0 | $184.7M |
净利润MDGLPRGS
| Q4 25 | $-58.6M | $25.7M | ||
| Q3 25 | $-114.2M | $19.4M | ||
| Q2 25 | $-42.3M | $17.0M | ||
| Q1 25 | $-73.2M | $10.9M | ||
| Q4 24 | $-59.4M | $1.1M | ||
| Q3 24 | $-107.0M | $28.5M | ||
| Q2 24 | — | $16.2M | ||
| Q1 24 | $-147.5M | $22.6M |
毛利率MDGLPRGS
| Q4 25 | — | 81.6% | ||
| Q3 25 | — | 81.0% | ||
| Q2 25 | — | 80.1% | ||
| Q1 25 | 96.7% | 80.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 83.7% | ||
| Q2 24 | — | 81.7% | ||
| Q1 24 | — | 82.2% |
营业利润率MDGLPRGS
| Q4 25 | -18.6% | 15.2% | ||
| Q3 25 | -39.7% | 17.6% | ||
| Q2 25 | -22.2% | 16.3% | ||
| Q1 25 | -57.8% | 13.6% | ||
| Q4 24 | -64.8% | 10.0% | ||
| Q3 24 | -187.1% | 22.6% | ||
| Q2 24 | — | 15.5% | ||
| Q1 24 | — | 19.0% |
净利率MDGLPRGS
| Q4 25 | -18.2% | 10.2% | ||
| Q3 25 | -39.8% | 7.8% | ||
| Q2 25 | -19.9% | 7.2% | ||
| Q1 25 | -53.4% | 4.6% | ||
| Q4 24 | -57.5% | 0.5% | ||
| Q3 24 | -172.0% | 15.9% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 12.3% |
每股收益（稀释后）MDGLPRGS
| Q4 25 | $-2.55 | $0.59 | ||
| Q3 25 | $-5.08 | $0.44 | ||
| Q2 25 | $-1.90 | $0.39 | ||
| Q1 25 | $-3.32 | $0.24 | ||
| Q4 24 | $-2.50 | $0.01 | ||
| Q3 24 | $-4.92 | $0.65 | ||
| Q2 24 | — | $0.37 | ||
| Q1 24 | $-7.38 | $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 | $198.7M | $94.8M |
| 总债务越低越好 | $339.9M | $1.4B |
| 股东权益账面价值 | $602.7M | $478.3M |
| 总资产 | $1.3B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.56× | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资MDGLPRGS
| Q4 25 | $198.7M | $94.8M | ||
| Q3 25 | $295.7M | $99.0M | ||
| Q2 25 | $186.2M | $102.0M | ||
| Q1 25 | $183.6M | $124.2M | ||
| Q4 24 | $100.0M | $118.1M | ||
| Q3 24 | $232.7M | $232.7M | ||
| Q2 24 | — | $190.4M | ||
| Q1 24 | $622.5M | $133.2M |
总债务MDGLPRGS
| Q4 25 | $339.9M | $1.4B | ||
| Q3 25 | $339.8M | $1.4B | ||
| Q2 25 | $118.4M | $1.5B | ||
| Q1 25 | $118.0M | $1.5B | ||
| Q4 24 | $117.6M | $1.5B | ||
| Q3 24 | $117.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $116.1M | — |
股东权益MDGLPRGS
| Q4 25 | $602.7M | $478.3M | ||
| Q3 25 | $625.7M | $477.7M | ||
| Q2 25 | $696.0M | $452.7M | ||
| Q1 25 | $710.6M | $431.8M | ||
| Q4 24 | $754.4M | $438.8M | ||
| Q3 24 | $777.2M | $425.6M | ||
| Q2 24 | — | $401.7M | ||
| Q1 24 | $850.8M | $461.7M |
总资产MDGLPRGS
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $1.0B | $2.4B | ||
| Q1 25 | $996.6M | $2.5B | ||
| Q4 24 | $1.0B | $2.5B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | $1.1B | $1.5B |
负债/权益比MDGLPRGS
| Q4 25 | 0.56× | 2.93× | ||
| Q3 25 | 0.54× | 2.97× | ||
| Q2 25 | 0.17× | 3.22× | ||
| Q1 25 | 0.17× | 3.50× | ||
| Q4 24 | 0.16× | 3.48× | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.14× | — |
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 | $-133.5M | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $-133.8M | $59.9M |
| 自由现金流率自由现金流/营收 | -41.7% | 23.7% |
| 资本支出强度资本支出/营收 | 0.1% | 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MDGLPRGS
| Q4 25 | $-133.5M | $62.8M | ||
| Q3 25 | $79.8M | $73.4M | ||
| Q2 25 | $-47.1M | $30.0M | ||
| Q1 25 | $-88.9M | $68.9M | ||
| Q4 24 | $-104.5M | $19.7M | ||
| Q3 24 | $-67.0M | $57.7M | ||
| Q2 24 | — | $63.7M | ||
| Q1 24 | $-149.2M | $70.5M |
自由现金流MDGLPRGS
| Q4 25 | $-133.8M | $59.9M | ||
| Q3 25 | $79.0M | $72.4M | ||
| Q2 25 | — | $29.5M | ||
| Q1 25 | — | $67.7M | ||
| Q4 24 | $-104.7M | $16.8M | ||
| Q3 24 | $-67.8M | $56.6M | ||
| Q2 24 | — | $62.7M | ||
| Q1 24 | $-149.5M | $70.2M |
自由现金流率MDGLPRGS
| Q4 25 | -41.7% | 23.7% | ||
| Q3 25 | 27.5% | 29.0% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | 28.4% | ||
| Q4 24 | -101.3% | 7.8% | ||
| Q3 24 | -109.0% | 31.7% | ||
| Q2 24 | — | 35.8% | ||
| Q1 24 | — | 38.0% |
资本支出强度MDGLPRGS
| Q4 25 | 0.1% | 1.1% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.0% | 0.5% | ||
| Q4 24 | 0.2% | 1.3% | ||
| Q3 24 | 1.3% | 0.6% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.2% |
现金转化率MDGLPRGS
| Q4 25 | — | 2.44× | ||
| Q3 25 | — | 3.78× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | — | 6.30× | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 3.93× | ||
| Q1 24 | — | 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
MDGL
| Rebates Customer Fees Credits Co Pay Assistance And Other | $208.5M | 65% |
| Other | $76.0M | 24% |
| Chargebacks Discounts For Prompt Pay And Other Allowances | $36.6M | 11% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
