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PROGRESS SOFTWARE CORP（PRGS）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是PROGRESS SOFTWARE CORP的1.8倍（$461.6M vs $252.7M），RBC Bearings INC净利率更高（14.6% vs 10.2%，领先4.4%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 17.0%），RBC Bearings INC自由现金流更多（$99.1M vs $59.9M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
PRGS vs RBC — 直观对比
营收规模更大
RBC
是对方的1.8倍
$252.7M
营收增速更快
PRGS
高出0.5%
17.0%
净利率更高
RBC
高出4.4%
10.2%
自由现金流更多
RBC
多$39.2M
$59.9M
两年增速更快
PRGS
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $461.6M |
| 净利润 | $25.7M | $67.4M |
| 毛利率 | 81.6% | 44.3% |
| 营业利润率 | 15.2% | 22.3% |
| 净利率 | 10.2% | 14.6% |
| 营收同比 | 17.5% | 17.0% |
| 净利润同比 | 2144.6% | 16.4% |
| 每股收益（稀释后） | $0.59 | $2.13 |
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PRGSRBC
| Q4 25 | $252.7M | $461.6M | ||
| Q3 25 | $249.8M | $455.3M | ||
| Q2 25 | $237.4M | $436.0M | ||
| Q1 25 | $238.0M | $437.7M | ||
| Q4 24 | $215.0M | $394.4M | ||
| Q3 24 | $178.7M | $397.9M | ||
| Q2 24 | $175.1M | $406.3M | ||
| Q1 24 | $184.7M | $413.7M |
净利润PRGSRBC
| Q4 25 | $25.7M | $67.4M | ||
| Q3 25 | $19.4M | $60.0M | ||
| Q2 25 | $17.0M | $68.5M | ||
| Q1 25 | $10.9M | $72.7M | ||
| Q4 24 | $1.1M | $57.9M | ||
| Q3 24 | $28.5M | $54.2M | ||
| Q2 24 | $16.2M | $61.4M | ||
| Q1 24 | $22.6M | — |
毛利率PRGSRBC
| Q4 25 | 81.6% | 44.3% | ||
| Q3 25 | 81.0% | 44.1% | ||
| Q2 25 | 80.1% | 44.8% | ||
| Q1 25 | 80.6% | 44.2% | ||
| Q4 24 | 83.0% | 44.3% | ||
| Q3 24 | 83.7% | 43.7% | ||
| Q2 24 | 81.7% | 45.3% | ||
| Q1 24 | 82.2% | 43.1% |
营业利润率PRGSRBC
| Q4 25 | 15.2% | 22.3% | ||
| Q3 25 | 17.6% | 21.5% | ||
| Q2 25 | 16.3% | 23.2% | ||
| Q1 25 | 13.6% | 23.0% | ||
| Q4 24 | 10.0% | 21.7% | ||
| Q3 24 | 22.6% | 21.6% | ||
| Q2 24 | 15.5% | 24.0% | ||
| Q1 24 | 19.0% | 22.8% |
净利率PRGSRBC
| Q4 25 | 10.2% | 14.6% | ||
| Q3 25 | 7.8% | 13.2% | ||
| Q2 25 | 7.2% | 15.7% | ||
| Q1 25 | 4.6% | 16.6% | ||
| Q4 24 | 0.5% | 14.7% | ||
| Q3 24 | 15.9% | 13.6% | ||
| Q2 24 | 9.2% | 15.1% | ||
| Q1 24 | 12.3% | — |
每股收益（稀释后）PRGSRBC
| Q4 25 | $0.59 | $2.13 | ||
| Q3 25 | $0.44 | $1.90 | ||
| Q2 25 | $0.39 | $2.17 | ||
| Q1 25 | $0.24 | $2.33 | ||
| Q4 24 | $0.01 | $1.82 | ||
| Q3 24 | $0.65 | $1.65 | ||
| Q2 24 | $0.37 | $1.90 | ||
| Q1 24 | $0.51 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | $1.4B | $990.2M |
| 股东权益账面价值 | $478.3M | $3.3B |
| 总资产 | $2.5B | $5.1B |
| 负债/权益比越低杠杆越低 | 2.93× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资PRGSRBC
| Q4 25 | $94.8M | $107.6M | ||
| Q3 25 | $99.0M | $91.2M | ||
| Q2 25 | $102.0M | $132.9M | ||
| Q1 25 | $124.2M | $36.8M | ||
| Q4 24 | $118.1M | — | ||
| Q3 24 | $232.7M | — | ||
| Q2 24 | $190.4M | $76.8M | ||
| Q1 24 | $133.2M | $63.5M |
总债务PRGSRBC
| Q4 25 | $1.4B | $990.2M | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.5B | $915.6M | ||
| Q1 25 | $1.5B | $920.1M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益PRGSRBC
| Q4 25 | $478.3M | $3.3B | ||
| Q3 25 | $477.7M | $3.2B | ||
| Q2 25 | $452.7M | $3.1B | ||
| Q1 25 | $431.8M | $3.0B | ||
| Q4 24 | $438.8M | $2.9B | ||
| Q3 24 | $425.6M | $2.9B | ||
| Q2 24 | $401.7M | $2.8B | ||
| Q1 24 | $461.7M | $2.8B |
总资产PRGSRBC
| Q4 25 | $2.5B | $5.1B | ||
| Q3 25 | $2.4B | $5.1B | ||
| Q2 25 | $2.4B | $4.8B | ||
| Q1 25 | $2.5B | $4.7B | ||
| Q4 24 | $2.5B | $4.7B | ||
| Q3 24 | $1.6B | $4.7B | ||
| Q2 24 | $1.6B | $4.7B | ||
| Q1 24 | $1.5B | $4.7B |
负债/权益比PRGSRBC
| Q4 25 | 2.93× | 0.30× | ||
| Q3 25 | 2.97× | 0.34× | ||
| Q2 25 | 3.22× | 0.29× | ||
| Q1 25 | 3.50× | 0.30× | ||
| Q4 24 | 3.48× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $59.9M | $99.1M |
| 自由现金流率自由现金流/营收 | 23.7% | 21.5% |
| 资本支出强度资本支出/营收 | 1.1% | 5.0% |
| 现金转化率经营现金流/净利润 | 2.44× | 1.81× |
| 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PRGSRBC
| Q4 25 | $62.8M | $122.1M | ||
| Q3 25 | $73.4M | $88.4M | ||
| Q2 25 | $30.0M | $120.0M | ||
| Q1 25 | $68.9M | — | ||
| Q4 24 | $19.7M | $84.0M | ||
| Q3 24 | $57.7M | — | ||
| Q2 24 | $63.7M | $97.4M | ||
| Q1 24 | $70.5M | — |
自由现金流PRGSRBC
| Q4 25 | $59.9M | $99.1M | ||
| Q3 25 | $72.4M | $71.7M | ||
| Q2 25 | $29.5M | $104.3M | ||
| Q1 25 | $67.7M | — | ||
| Q4 24 | $16.8M | $73.6M | ||
| Q3 24 | $56.6M | — | ||
| Q2 24 | $62.7M | $88.4M | ||
| Q1 24 | $70.2M | — |
自由现金流率PRGSRBC
| Q4 25 | 23.7% | 21.5% | ||
| Q3 25 | 29.0% | 15.7% | ||
| Q2 25 | 12.4% | 23.9% | ||
| Q1 25 | 28.4% | — | ||
| Q4 24 | 7.8% | 18.7% | ||
| Q3 24 | 31.7% | — | ||
| Q2 24 | 35.8% | 21.8% | ||
| Q1 24 | 38.0% | — |
资本支出强度PRGSRBC
| Q4 25 | 1.1% | 5.0% | ||
| Q3 25 | 0.4% | 3.7% | ||
| Q2 25 | 0.2% | 3.6% | ||
| Q1 25 | 0.5% | 3.2% | ||
| Q4 24 | 1.3% | 2.6% | ||
| Q3 24 | 0.6% | 4.1% | ||
| Q2 24 | 0.5% | 2.2% | ||
| Q1 24 | 0.2% | — |
现金转化率PRGSRBC
| Q4 25 | 2.44× | 1.81× | ||
| Q3 25 | 3.78× | 1.47× | ||
| Q2 25 | 1.76× | 1.75× | ||
| Q1 25 | 6.30× | — | ||
| Q4 24 | 17.13× | 1.45× | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 3.93× | 1.59× | ||
| 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
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
