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通用动力（PLOW）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的季度营收约是通用动力的1.4倍（$252.7M vs $184.5M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 7.0%，领先3.2%），通用动力同比增速更快（28.6% vs 17.5%），通用动力自由现金流更多（$92.8M vs $59.9M），过去两年通用动力的营收复合增速更高（38.9% vs 17.0%）
通用动力公司是总部位于美国弗吉尼亚州雷斯顿的工业与科技企业，核心业务是研发制造各类先进军用装备，产品包括核潜艇、主战坦克、装甲战车等，同时也生产民用湾流公务机，并提供信息技术服务，是美国联邦政府前五大国防承包商之一。
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。
PLOW vs PRGS — 直观对比
营收规模更大
PRGS
是对方的1.4倍
$184.5M
营收增速更快
PLOW
高出11.0%
17.5%
净利率更高
PRGS
高出3.2%
7.0%
自由现金流更多
PLOW
多$32.9M
$59.9M
两年增速更快
PLOW
近两年复合增速
17.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $184.5M | $252.7M |
| 净利润 | $12.8M | $25.7M |
| 毛利率 | 26.1% | 81.6% |
| 营业利润率 | 10.5% | 15.2% |
| 净利率 | 7.0% | 10.2% |
| 营收同比 | 28.6% | 17.5% |
| 净利润同比 | 62.3% | 2144.6% |
| 每股收益（稀释后） | $0.54 | $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PLOWPRGS
| Q4 25 | $184.5M | $252.7M | ||
| Q3 25 | $162.1M | $249.8M | ||
| Q2 25 | $194.3M | $237.4M | ||
| Q1 25 | $115.1M | $238.0M | ||
| Q4 24 | $143.5M | $215.0M | ||
| Q3 24 | $129.4M | $178.7M | ||
| Q2 24 | $199.9M | $175.1M | ||
| Q1 24 | $95.7M | $184.7M |
净利润PLOWPRGS
| Q4 25 | $12.8M | $25.7M | ||
| Q3 25 | $8.0M | $19.4M | ||
| Q2 25 | $26.0M | $17.0M | ||
| Q1 25 | $148.0K | $10.9M | ||
| Q4 24 | $7.9M | $1.1M | ||
| Q3 24 | $32.3M | $28.5M | ||
| Q2 24 | $24.3M | $16.2M | ||
| Q1 24 | $-8.4M | $22.6M |
毛利率PLOWPRGS
| Q4 25 | 26.1% | 81.6% | ||
| Q3 25 | 23.5% | 81.0% | ||
| Q2 25 | 31.0% | 80.1% | ||
| Q1 25 | 24.5% | 80.6% | ||
| Q4 24 | 24.9% | 83.0% | ||
| Q3 24 | 23.9% | 83.7% | ||
| Q2 24 | 30.7% | 81.7% | ||
| Q1 24 | 19.8% | 82.2% |
营业利润率PLOWPRGS
| Q4 25 | 10.5% | 15.2% | ||
| Q3 25 | 8.7% | 17.6% | ||
| Q2 25 | 19.0% | 16.3% | ||
| Q1 25 | 2.8% | 13.6% | ||
| Q4 24 | 9.0% | 10.0% | ||
| Q3 24 | 35.4% | 22.6% | ||
| Q2 24 | 18.2% | 15.5% | ||
| Q1 24 | -6.7% | 19.0% |
净利率PLOWPRGS
| Q4 25 | 7.0% | 10.2% | ||
| Q3 25 | 4.9% | 7.8% | ||
| Q2 25 | 13.4% | 7.2% | ||
| Q1 25 | 0.1% | 4.6% | ||
| Q4 24 | 5.5% | 0.5% | ||
| Q3 24 | 24.9% | 15.9% | ||
| Q2 24 | 12.2% | 9.2% | ||
| Q1 24 | -8.7% | 12.3% |
每股收益（稀释后）PLOWPRGS
| Q4 25 | $0.54 | $0.59 | ||
| Q3 25 | $0.33 | $0.44 | ||
| Q2 25 | $1.09 | $0.39 | ||
| Q1 25 | $0.00 | $0.24 | ||
| Q4 24 | $0.35 | $0.01 | ||
| Q3 24 | $1.36 | $0.65 | ||
| Q2 24 | $1.02 | $0.37 | ||
| Q1 24 | $-0.37 | $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 | $144.0M | $1.4B |
| 股东权益账面价值 | $281.4M | $478.3M |
| 总资产 | $626.7M | $2.5B |
| 负债/权益比越低杠杆越低 | 0.51× | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资PLOWPRGS
| 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PLOWPRGS
| Q4 25 | $144.0M | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $147.5M | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PLOWPRGS
| Q4 25 | $281.4M | $478.3M | ||
| Q3 25 | $275.3M | $477.7M | ||
| Q2 25 | $273.3M | $452.7M | ||
| Q1 25 | $258.9M | $431.8M | ||
| Q4 24 | $264.2M | $438.8M | ||
| Q3 24 | $260.8M | $425.6M | ||
| Q2 24 | $236.7M | $401.7M | ||
| Q1 24 | $217.2M | $461.7M |
总资产PLOWPRGS
| Q4 25 | $626.7M | $2.5B | ||
| Q3 25 | $694.9M | $2.4B | ||
| Q2 25 | $671.5M | $2.4B | ||
| Q1 25 | $621.0M | $2.5B | ||
| Q4 24 | $590.0M | $2.5B | ||
| Q3 24 | $665.6M | $1.6B | ||
| Q2 24 | $617.0M | $1.6B | ||
| Q1 24 | $577.1M | $1.5B |
负债/权益比PLOWPRGS
| Q4 25 | 0.51× | 2.93× | ||
| Q3 25 | — | 2.97× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.50× | ||
| Q4 24 | 0.56× | 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 | $95.9M | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $92.8M | $59.9M |
| 自由现金流率自由现金流/营收 | 50.3% | 23.7% |
| 资本支出强度资本支出/营收 | 1.7% | 1.1% |
| 现金转化率经营现金流/净利润 | 7.47× | 2.44× |
| 过去12个月自由现金流最近4个季度 | $63.6M | $229.5M |
8季度趋势，按日历期对齐
经营现金流PLOWPRGS
| Q4 25 | $95.9M | $62.8M | ||
| Q3 25 | $-8.5M | $73.4M | ||
| Q2 25 | $-11.4M | $30.0M | ||
| Q1 25 | $-1.3M | $68.9M | ||
| Q4 24 | $74.4M | $19.7M | ||
| Q3 24 | $-14.2M | $57.7M | ||
| Q2 24 | $2.5M | $63.7M | ||
| Q1 24 | $-21.6M | $70.5M |
自由现金流PLOWPRGS
| Q4 25 | $92.8M | $59.9M | ||
| Q3 25 | $-11.4M | $72.4M | ||
| Q2 25 | $-14.3M | $29.5M | ||
| Q1 25 | $-3.5M | $67.7M | ||
| Q4 24 | $70.2M | $16.8M | ||
| Q3 24 | $-15.2M | $56.6M | ||
| Q2 24 | $836.0K | $62.7M | ||
| Q1 24 | $-22.4M | $70.2M |
自由现金流率PLOWPRGS
| Q4 25 | 50.3% | 23.7% | ||
| Q3 25 | -7.1% | 29.0% | ||
| Q2 25 | -7.4% | 12.4% | ||
| Q1 25 | -3.0% | 28.4% | ||
| Q4 24 | 48.9% | 7.8% | ||
| Q3 24 | -11.8% | 31.7% | ||
| Q2 24 | 0.4% | 35.8% | ||
| Q1 24 | -23.4% | 38.0% |
资本支出强度PLOWPRGS
| Q4 25 | 1.7% | 1.1% | ||
| Q3 25 | 1.8% | 0.4% | ||
| Q2 25 | 1.5% | 0.2% | ||
| Q1 25 | 1.9% | 0.5% | ||
| Q4 24 | 2.9% | 1.3% | ||
| Q3 24 | 0.8% | 0.6% | ||
| Q2 24 | 0.8% | 0.5% | ||
| Q1 24 | 0.8% | 0.2% |
现金转化率PLOWPRGS
| Q4 25 | 7.47× | 2.44× | ||
| Q3 25 | -1.07× | 3.78× | ||
| Q2 25 | -0.44× | 1.76× | ||
| Q1 25 | -9.03× | 6.30× | ||
| Q4 24 | 9.41× | 17.13× | ||
| Q3 24 | -0.44× | 2.03× | ||
| Q2 24 | 0.10× | 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
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
