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PROGRESS SOFTWARE CORP（PRGS）与null（SDHC）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是PROGRESS SOFTWARE CORP的1.0倍（$260.4M vs $252.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 1.4%，领先8.8%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -9.4%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $8.7M），过去两年null的营收复合增速更高（17.3% vs 17.0%）
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。
史密斯韦森品牌公司是美国的枪械制造商，总部位于美国田纳西州玛丽维尔，是该领域历史悠久且知名的生产企业，在民用及警用枪械市场拥有较高的认可度。
PRGS vs SDHC — 直观对比
营收规模更大
SDHC
是对方的1.0倍
$252.7M
营收增速更快
PRGS
高出27.0%
-9.4%
净利率更高
PRGS
高出8.8%
1.4%
自由现金流更多
PRGS
多$51.2M
$8.7M
两年增速更快
SDHC
近两年复合增速
17.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $260.4M |
| 净利润 | $25.7M | $3.5M |
| 毛利率 | 81.6% | 19.9% |
| 营业利润率 | 15.2% | 6.5% |
| 净利率 | 10.2% | 1.4% |
| 营收同比 | 17.5% | -9.4% |
| 净利润同比 | 2144.6% | -14.3% |
| 每股收益（稀释后） | $0.59 | $0.39 |
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PRGSSDHC
| Q4 25 | $252.7M | $260.4M | ||
| Q3 25 | $249.8M | $262.0M | ||
| Q2 25 | $237.4M | $223.9M | ||
| Q1 25 | $238.0M | $224.7M | ||
| Q4 24 | $215.0M | $287.5M | ||
| Q3 24 | $178.7M | $277.8M | ||
| Q2 24 | $175.1M | $220.9M | ||
| Q1 24 | $184.7M | $189.2M |
净利润PRGSSDHC
| Q4 25 | $25.7M | $3.5M | ||
| Q3 25 | $19.4M | $2.1M | ||
| Q2 25 | $17.0M | $2.4M | ||
| Q1 25 | $10.9M | $2.7M | ||
| Q4 24 | $1.1M | $4.1M | ||
| Q3 24 | $28.5M | $5.3M | ||
| Q2 24 | $16.2M | $3.6M | ||
| Q1 24 | $22.6M | $3.0M |
毛利率PRGSSDHC
| Q4 25 | 81.6% | 19.9% | ||
| Q3 25 | 81.0% | 21.0% | ||
| Q2 25 | 80.1% | 23.2% | ||
| Q1 25 | 80.6% | 23.8% | ||
| Q4 24 | 83.0% | 25.5% | ||
| Q3 24 | 83.7% | 26.5% | ||
| Q2 24 | 81.7% | 26.7% | ||
| Q1 24 | 82.2% | 26.1% |
营业利润率PRGSSDHC
| Q4 25 | 15.2% | 6.5% | ||
| Q3 25 | 17.6% | 6.6% | ||
| Q2 25 | 16.3% | 7.7% | ||
| Q1 25 | 13.6% | 8.7% | ||
| Q4 24 | 10.0% | 10.4% | ||
| Q3 24 | 22.6% | 14.2% | ||
| Q2 24 | 15.5% | 11.7% | ||
| Q1 24 | 19.0% | 11.3% |
净利率PRGSSDHC
| Q4 25 | 10.2% | 1.4% | ||
| Q3 25 | 7.8% | 0.8% | ||
| Q2 25 | 7.2% | 1.1% | ||
| Q1 25 | 4.6% | 1.2% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 15.9% | 1.9% | ||
| Q2 24 | 9.2% | 1.7% | ||
| Q1 24 | 12.3% | 1.6% |
每股收益（稀释后）PRGSSDHC
| Q4 25 | $0.59 | $0.39 | ||
| Q3 25 | $0.44 | $0.24 | ||
| Q2 25 | $0.39 | $0.26 | ||
| Q1 25 | $0.24 | $0.30 | ||
| Q4 24 | $0.01 | $0.50 | ||
| Q3 24 | $0.65 | $0.58 | ||
| Q2 24 | $0.37 | $0.40 | ||
| Q1 24 | $0.51 | $0.33 |
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 | $12.7M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $478.3M | $86.7M |
| 总资产 | $2.5B | $557.6M |
| 负债/权益比越低杠杆越低 | 2.93× | — |
8季度趋势，按日历期对齐
现金及短期投资PRGSSDHC
| Q4 25 | $94.8M | $12.7M | ||
| Q3 25 | $99.0M | $14.8M | ||
| Q2 25 | $102.0M | $16.8M | ||
| Q1 25 | $124.2M | $12.7M | ||
| Q4 24 | $118.1M | $22.4M | ||
| Q3 24 | $232.7M | $23.7M | ||
| Q2 24 | $190.4M | $17.3M | ||
| Q1 24 | $133.2M | $32.8M |
总债务PRGSSDHC
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PRGSSDHC
| Q4 25 | $478.3M | $86.7M | ||
| Q3 25 | $477.7M | $82.2M | ||
| Q2 25 | $452.7M | $80.0M | ||
| Q1 25 | $431.8M | $76.9M | ||
| Q4 24 | $438.8M | $73.6M | ||
| Q3 24 | $425.6M | $68.4M | ||
| Q2 24 | $401.7M | $62.1M | ||
| Q1 24 | $461.7M | $59.7M |
总资产PRGSSDHC
| Q4 25 | $2.5B | $557.6M | ||
| Q3 25 | $2.4B | $571.6M | ||
| Q2 25 | $2.4B | $570.2M | ||
| Q1 25 | $2.5B | $513.9M | ||
| Q4 24 | $2.5B | $475.9M | ||
| Q3 24 | $1.6B | $460.1M | ||
| Q2 24 | $1.6B | $429.3M | ||
| Q1 24 | $1.5B | $401.3M |
负债/权益比PRGSSDHC
| Q4 25 | 2.93× | — | ||
| Q3 25 | 2.97× | — | ||
| Q2 25 | 3.22× | — | ||
| Q1 25 | 3.50× | — | ||
| Q4 24 | 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 | $62.8M | $9.8M |
| 自由现金流经营现金流 - 资本支出 | $59.9M | $8.7M |
| 自由现金流率自由现金流/营收 | 23.7% | 3.4% |
| 资本支出强度资本支出/营收 | 1.1% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.44× | 2.77× |
| 过去12个月自由现金流最近4个季度 | $229.5M | $-36.9M |
8季度趋势，按日历期对齐
经营现金流PRGSSDHC
| Q4 25 | $62.8M | $9.8M | ||
| Q3 25 | $73.4M | $22.8M | ||
| Q2 25 | $30.0M | $-28.9M | ||
| Q1 25 | $68.9M | $-34.9M | ||
| Q4 24 | $19.7M | $5.5M | ||
| Q3 24 | $57.7M | $22.9M | ||
| Q2 24 | $63.7M | $39.0K | ||
| Q1 24 | $70.5M | $-9.3M |
自由现金流PRGSSDHC
| Q4 25 | $59.9M | $8.7M | ||
| Q3 25 | $72.4M | $21.4M | ||
| Q2 25 | $29.5M | $-31.1M | ||
| Q1 25 | $67.7M | $-35.9M | ||
| Q4 24 | $16.8M | $4.8M | ||
| Q3 24 | $56.6M | $22.3M | ||
| Q2 24 | $62.7M | $-2.1M | ||
| Q1 24 | $70.2M | $-9.7M |
自由现金流率PRGSSDHC
| Q4 25 | 23.7% | 3.4% | ||
| Q3 25 | 29.0% | 8.2% | ||
| Q2 25 | 12.4% | -13.9% | ||
| Q1 25 | 28.4% | -16.0% | ||
| Q4 24 | 7.8% | 1.7% | ||
| Q3 24 | 31.7% | 8.0% | ||
| Q2 24 | 35.8% | -1.0% | ||
| Q1 24 | 38.0% | -5.1% |
资本支出强度PRGSSDHC
| Q4 25 | 1.1% | 0.4% | ||
| Q3 25 | 0.4% | 0.5% | ||
| Q2 25 | 0.2% | 0.9% | ||
| Q1 25 | 0.5% | 0.5% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 0.6% | 0.2% | ||
| Q2 24 | 0.5% | 1.0% | ||
| Q1 24 | 0.2% | 0.2% |
现金转化率PRGSSDHC
| Q4 25 | 2.44× | 2.77× | ||
| Q3 25 | 3.78× | 10.70× | ||
| Q2 25 | 1.76× | -12.24× | ||
| Q1 25 | 6.30× | -13.01× | ||
| Q4 24 | 17.13× | 1.33× | ||
| Q3 24 | 2.03× | 4.28× | ||
| Q2 24 | 3.93× | 0.01× | ||
| Q1 24 | 3.11× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
