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PROGRESS SOFTWARE CORP（PRGS）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）财务数据对比。点击上方公司名可切换其他公司
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的季度营收约是PROGRESS SOFTWARE CORP的1.3倍（$331.3M vs $252.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 0.0%，领先10.2%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 2.2%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $8.7M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs -5.4%）
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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
PRGS vs SPWH — 直观对比
营收规模更大
SPWH
是对方的1.3倍
$252.7M
营收增速更快
PRGS
高出15.4%
2.2%
净利率更高
PRGS
高出10.2%
0.0%
自由现金流更多
PRGS
多$51.2M
$8.7M
两年增速更快
PRGS
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $331.3M |
| 净利润 | $25.7M | $8.0K |
| 毛利率 | 81.6% | 32.8% |
| 营业利润率 | 15.2% | 1.3% |
| 净利率 | 10.2% | 0.0% |
| 营收同比 | 17.5% | 2.2% |
| 净利润同比 | 2144.6% | -97.8% |
| 每股收益（稀释后） | $0.59 | $0.00 |
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PRGSSPWH
| Q4 25 | $252.7M | $331.3M | ||
| Q3 25 | $249.8M | $293.9M | ||
| Q2 25 | $237.4M | $249.1M | ||
| Q1 25 | $238.0M | $340.4M | ||
| Q4 24 | $215.0M | $324.3M | ||
| Q3 24 | $178.7M | $288.7M | ||
| Q2 24 | $175.1M | $244.2M | ||
| Q1 24 | $184.7M | $370.4M |
净利润PRGSSPWH
| Q4 25 | $25.7M | $8.0K | ||
| Q3 25 | $19.4M | $-7.1M | ||
| Q2 25 | $17.0M | $-21.3M | ||
| Q1 25 | $10.9M | $-8.7M | ||
| Q4 24 | $1.1M | $-364.0K | ||
| Q3 24 | $28.5M | $-5.9M | ||
| Q2 24 | $16.2M | $-18.1M | ||
| Q1 24 | $22.6M | $-8.7M |
毛利率PRGSSPWH
| Q4 25 | 81.6% | 32.8% | ||
| Q3 25 | 81.0% | 32.0% | ||
| Q2 25 | 80.1% | 30.4% | ||
| Q1 25 | 80.6% | 30.4% | ||
| Q4 24 | 83.0% | 31.8% | ||
| Q3 24 | 83.7% | 31.2% | ||
| Q2 24 | 81.7% | 30.2% | ||
| Q1 24 | 82.2% | 26.8% |
营业利润率PRGSSPWH
| Q4 25 | 15.2% | 1.3% | ||
| Q3 25 | 17.6% | -1.1% | ||
| Q2 25 | 16.3% | -7.9% | ||
| Q1 25 | 13.6% | 1.1% | ||
| Q4 24 | 10.0% | 1.0% | ||
| Q3 24 | 22.6% | -1.5% | ||
| Q2 24 | 15.5% | -8.4% | ||
| Q1 24 | 19.0% | -2.1% |
净利率PRGSSPWH
| Q4 25 | 10.2% | 0.0% | ||
| Q3 25 | 7.8% | -2.4% | ||
| Q2 25 | 7.2% | -8.5% | ||
| Q1 25 | 4.6% | -2.6% | ||
| Q4 24 | 0.5% | -0.1% | ||
| Q3 24 | 15.9% | -2.0% | ||
| Q2 24 | 9.2% | -7.4% | ||
| Q1 24 | 12.3% | -2.4% |
每股收益（稀释后）PRGSSPWH
| Q4 25 | $0.59 | $0.00 | ||
| Q3 25 | $0.44 | $-0.18 | ||
| Q2 25 | $0.39 | $-0.56 | ||
| Q1 25 | $0.24 | $-0.22 | ||
| Q4 24 | $0.01 | $-0.01 | ||
| Q3 24 | $0.65 | $-0.16 | ||
| Q2 24 | $0.37 | $-0.48 | ||
| Q1 24 | $0.51 | $-0.22 |
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 | $2.2M |
| 总债务越低越好 | $1.4B | $44.0M |
| 股东权益账面价值 | $478.3M | $209.5M |
| 总资产 | $2.5B | $913.9M |
| 负债/权益比越低杠杆越低 | 2.93× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资PRGSSPWH
| Q4 25 | $94.8M | $2.2M | ||
| Q3 25 | $99.0M | $1.8M | ||
| Q2 25 | $102.0M | $3.6M | ||
| Q1 25 | $124.2M | $2.8M | ||
| Q4 24 | $118.1M | $2.7M | ||
| Q3 24 | $232.7M | $2.6M | ||
| Q2 24 | $190.4M | $2.2M | ||
| Q1 24 | $133.2M | $3.1M |
总债务PRGSSPWH
| Q4 25 | $1.4B | $44.0M | ||
| Q3 25 | $1.4B | $43.9M | ||
| Q2 25 | $1.5B | $24.1M | ||
| Q1 25 | $1.5B | $24.1M | ||
| Q4 24 | $1.5B | $24.0M | ||
| Q3 24 | — | $24.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PRGSSPWH
| Q4 25 | $478.3M | $209.5M | ||
| Q3 25 | $477.7M | $208.9M | ||
| Q2 25 | $452.7M | $215.1M | ||
| Q1 25 | $431.8M | $235.7M | ||
| Q4 24 | $438.8M | $243.6M | ||
| Q3 24 | $425.6M | $243.0M | ||
| Q2 24 | $401.7M | $247.5M | ||
| Q1 24 | $461.7M | $264.6M |
总资产PRGSSPWH
| Q4 25 | $2.5B | $913.9M | ||
| Q3 25 | $2.4B | $948.9M | ||
| Q2 25 | $2.4B | $929.7M | ||
| Q1 25 | $2.5B | $852.1M | ||
| Q4 24 | $2.5B | $967.7M | ||
| Q3 24 | $1.6B | $901.9M | ||
| Q2 24 | $1.6B | $930.4M | ||
| Q1 24 | $1.5B | $886.2M |
负债/权益比PRGSSPWH
| Q4 25 | 2.93× | 0.21× | ||
| Q3 25 | 2.97× | 0.21× | ||
| Q2 25 | 3.22× | 0.11× | ||
| Q1 25 | 3.50× | 0.10× | ||
| Q4 24 | 3.48× | 0.10× | ||
| Q3 24 | — | 0.10× | ||
| 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 | $16.3M |
| 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% | 2.6% |
| 资本支出强度资本支出/营收 | 1.1% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.44× | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $229.5M | $-39.7M |
8季度趋势，按日历期对齐
经营现金流PRGSSPWH
| Q4 25 | $62.8M | $16.3M | ||
| Q3 25 | $73.4M | $-26.6M | ||
| Q2 25 | $30.0M | $-60.2M | ||
| Q1 25 | $68.9M | $52.8M | ||
| Q4 24 | $19.7M | $-2.5M | ||
| Q3 24 | $57.7M | $18.5M | ||
| Q2 24 | $63.7M | $-34.6M | ||
| Q1 24 | $70.5M | $68.9M |
自由现金流PRGSSPWH
| Q4 25 | $59.9M | $8.7M | ||
| Q3 25 | $72.4M | $-33.9M | ||
| Q2 25 | $29.5M | $-64.0M | ||
| Q1 25 | $67.7M | $49.6M | ||
| Q4 24 | $16.8M | $-6.2M | ||
| Q3 24 | $56.6M | $14.1M | ||
| Q2 24 | $62.7M | $-38.0M | ||
| Q1 24 | $70.2M | $60.2M |
自由现金流率PRGSSPWH
| Q4 25 | 23.7% | 2.6% | ||
| Q3 25 | 29.0% | -11.5% | ||
| Q2 25 | 12.4% | -25.7% | ||
| Q1 25 | 28.4% | 14.6% | ||
| Q4 24 | 7.8% | -1.9% | ||
| Q3 24 | 31.7% | 4.9% | ||
| Q2 24 | 35.8% | -15.5% | ||
| Q1 24 | 38.0% | 16.2% |
资本支出强度PRGSSPWH
| Q4 25 | 1.1% | 2.3% | ||
| Q3 25 | 0.4% | 2.5% | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 0.5% | 1.0% | ||
| Q4 24 | 1.3% | 1.1% | ||
| Q3 24 | 0.6% | 1.5% | ||
| Q2 24 | 0.5% | 1.4% | ||
| Q1 24 | 0.2% | 2.4% |
现金转化率PRGSSPWH
| Q4 25 | 2.44× | 2038.00× | ||
| 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
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
SPWH
暂无分部数据
