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PROGRESS SOFTWARE CORP（PRGS）与RAYONIER ADVANCED MATERIALS INC.（RYAM）财务数据对比。点击上方公司名可切换其他公司
RAYONIER ADVANCED MATERIALS INC.的季度营收约是PROGRESS SOFTWARE CORP的1.7倍（$417.5M vs $252.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs -5.0%，领先15.2%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -1.2%），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs 3.8%）
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。
RYAM（原雷尼尔先进材料公司）是一家美国全球性纤维素技术企业，主打高纯度特种纤维素产品，所生产的天然聚合物广泛应用于过滤器生产、食品加工、医药制造及各类工业领域，同时也为造纸和包装行业供应相关产品，在纤维素技术领域拥有较高的行业认可度。
PRGS vs RYAM — 直观对比
营收规模更大
RYAM
是对方的1.7倍
$252.7M
营收增速更快
PRGS
高出18.7%
-1.2%
净利率更高
PRGS
高出15.2%
-5.0%
两年增速更快
PRGS
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $417.5M |
| 净利润 | $25.7M | $-21.1M |
| 毛利率 | 81.6% | 8.9% |
| 营业利润率 | 15.2% | 2.6% |
| 净利率 | 10.2% | -5.0% |
| 营收同比 | 17.5% | -1.2% |
| 净利润同比 | 2144.6% | -31.9% |
| 每股收益（稀释后） | $0.59 | $-0.33 |
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PRGSRYAM
| Q4 25 | $252.7M | $417.5M | ||
| Q3 25 | $249.8M | $352.8M | ||
| Q2 25 | $237.4M | $340.0M | ||
| Q1 25 | $238.0M | $356.0M | ||
| Q4 24 | $215.0M | $422.5M | ||
| Q3 24 | $178.7M | $401.1M | ||
| Q2 24 | $175.1M | $419.0M | ||
| Q1 24 | $184.7M | $387.7M |
净利润PRGSRYAM
| Q4 25 | $25.7M | $-21.1M | ||
| Q3 25 | $19.4M | $-4.5M | ||
| Q2 25 | $17.0M | $-363.2M | ||
| Q1 25 | $10.9M | $-32.0M | ||
| Q4 24 | $1.1M | $-16.0M | ||
| Q3 24 | $28.5M | $-32.6M | ||
| Q2 24 | $16.2M | $11.4M | ||
| Q1 24 | $22.6M | $-1.6M |
毛利率PRGSRYAM
| Q4 25 | 81.6% | 8.9% | ||
| Q3 25 | 81.0% | 9.7% | ||
| Q2 25 | 80.1% | 7.0% | ||
| Q1 25 | 80.6% | 6.8% | ||
| Q4 24 | 83.0% | 8.7% | ||
| Q3 24 | 83.7% | 10.9% | ||
| Q2 24 | 81.7% | 11.5% | ||
| Q1 24 | 82.2% | 9.5% |
营业利润率PRGSRYAM
| Q4 25 | 15.2% | 2.6% | ||
| Q3 25 | 17.6% | 2.8% | ||
| Q2 25 | 16.3% | -0.4% | ||
| Q1 25 | 13.6% | -4.2% | ||
| Q4 24 | 10.0% | 2.6% | ||
| Q3 24 | 22.6% | -4.2% | ||
| Q2 24 | 15.5% | 6.7% | ||
| Q1 24 | 19.0% | 4.4% |
净利率PRGSRYAM
| Q4 25 | 10.2% | -5.0% | ||
| Q3 25 | 7.8% | -1.3% | ||
| Q2 25 | 7.2% | -106.8% | ||
| Q1 25 | 4.6% | -9.0% | ||
| Q4 24 | 0.5% | -3.8% | ||
| Q3 24 | 15.9% | -8.1% | ||
| Q2 24 | 9.2% | 2.7% | ||
| Q1 24 | 12.3% | -0.4% |
每股收益（稀释后）PRGSRYAM
| Q4 25 | $0.59 | $-0.33 | ||
| Q3 25 | $0.44 | $-0.07 | ||
| Q2 25 | $0.39 | $-5.44 | ||
| Q1 25 | $0.24 | $-0.49 | ||
| Q4 24 | $0.01 | $-0.25 | ||
| Q3 24 | $0.65 | $-0.49 | ||
| Q2 24 | $0.37 | $0.17 | ||
| Q1 24 | $0.51 | $-0.02 |
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 | $75.4M |
| 总债务越低越好 | $1.4B | $758.1M |
| 股东权益账面价值 | $478.3M | $316.6M |
| 总资产 | $2.5B | $1.8B |
| 负债/权益比越低杠杆越低 | 2.93× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资PRGSRYAM
| Q4 25 | $94.8M | $75.4M | ||
| Q3 25 | $99.0M | $77.0M | ||
| Q2 25 | $102.0M | $70.7M | ||
| Q1 25 | $124.2M | $129.9M | ||
| Q4 24 | $118.1M | $125.2M | ||
| Q3 24 | $232.7M | $136.1M | ||
| Q2 24 | $190.4M | $114.1M | ||
| Q1 24 | $133.2M | $54.6M |
总债务PRGSRYAM
| Q4 25 | $1.4B | $758.1M | ||
| Q3 25 | $1.4B | $763.5M | ||
| Q2 25 | $1.5B | $720.4M | ||
| Q1 25 | $1.5B | $707.0M | ||
| Q4 24 | $1.5B | $706.4M | ||
| Q3 24 | — | $747.7M | ||
| Q2 24 | — | $752.8M | ||
| Q1 24 | — | $755.6M |
股东权益PRGSRYAM
| Q4 25 | $478.3M | $316.6M | ||
| Q3 25 | $477.7M | $338.2M | ||
| Q2 25 | $452.7M | $342.3M | ||
| Q1 25 | $431.8M | $688.1M | ||
| Q4 24 | $438.8M | $713.9M | ||
| Q3 24 | $425.6M | $732.7M | ||
| Q2 24 | $401.7M | $755.1M | ||
| Q1 24 | $461.7M | $741.8M |
总资产PRGSRYAM
| Q4 25 | $2.5B | $1.8B | ||
| Q3 25 | $2.4B | $1.8B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.5B | $2.1B | ||
| Q4 24 | $2.5B | $2.1B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.6B | $2.2B | ||
| Q1 24 | $1.5B | $2.1B |
负债/权益比PRGSRYAM
| Q4 25 | 2.93× | 2.39× | ||
| Q3 25 | 2.97× | 2.26× | ||
| Q2 25 | 3.22× | 2.10× | ||
| Q1 25 | 3.50× | 1.03× | ||
| Q4 24 | 3.48× | 0.99× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.02× |
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 | $32.3M |
| 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PRGSRYAM
| Q4 25 | $62.8M | $32.3M | ||
| Q3 25 | $73.4M | $-17.8M | ||
| Q2 25 | $30.0M | $-30.2M | ||
| Q1 25 | $68.9M | $39.6M | ||
| Q4 24 | $19.7M | $54.9M | ||
| Q3 24 | $57.7M | $49.8M | ||
| Q2 24 | $63.7M | $87.6M | ||
| Q1 24 | $70.5M | $11.3M |
自由现金流PRGSRYAM
| Q4 25 | $59.9M | — | ||
| Q3 25 | $72.4M | — | ||
| Q2 25 | $29.5M | — | ||
| Q1 25 | $67.7M | — | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $56.6M | — | ||
| Q2 24 | $62.7M | — | ||
| Q1 24 | $70.2M | — |
自由现金流率PRGSRYAM
| Q4 25 | 23.7% | — | ||
| Q3 25 | 29.0% | — | ||
| Q2 25 | 12.4% | — | ||
| Q1 25 | 28.4% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 31.7% | — | ||
| Q2 24 | 35.8% | — | ||
| Q1 24 | 38.0% | — |
资本支出强度PRGSRYAM
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.2% | — |
现金转化率PRGSRYAM
| 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× | 7.69× | ||
| 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% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
