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PROGRESS SOFTWARE CORP（PRGS）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是PROGRESS SOFTWARE CORP的2.0倍（$492.9M vs $252.7M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 10.2%，领先9.5%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 8.5%），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
PRGS vs STWD — 直观对比
营收规模更大
STWD
是对方的2.0倍
$252.7M
营收增速更快
PRGS
高出9.1%
8.5%
净利率更高
STWD
高出9.5%
10.2%
两年增速更快
PRGS
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $492.9M |
| 净利润 | $25.7M | $96.9M |
| 毛利率 | 81.6% | — |
| 营业利润率 | 15.2% | 26.6% |
| 净利率 | 10.2% | 19.7% |
| 营收同比 | 17.5% | 8.5% |
| 净利润同比 | 2144.6% | 87.7% |
| 每股收益（稀释后） | $0.59 | $0.25 |
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PRGSSTWD
| Q4 25 | $252.7M | $492.9M | ||
| Q3 25 | $249.8M | $488.9M | ||
| Q2 25 | $237.4M | $444.3M | ||
| Q1 25 | $238.0M | $418.2M | ||
| Q4 24 | $215.0M | $454.4M | ||
| Q3 24 | $178.7M | $479.5M | ||
| Q2 24 | $175.1M | $489.8M | ||
| Q1 24 | $184.7M | $523.1M |
净利润PRGSSTWD
| Q4 25 | $25.7M | $96.9M | ||
| Q3 25 | $19.4M | $72.6M | ||
| Q2 25 | $17.0M | $129.8M | ||
| Q1 25 | $10.9M | $112.3M | ||
| Q4 24 | $1.1M | $51.6M | ||
| Q3 24 | $28.5M | $76.1M | ||
| Q2 24 | $16.2M | $77.9M | ||
| Q1 24 | $22.6M | $154.3M |
毛利率PRGSSTWD
| Q4 25 | 81.6% | — | ||
| Q3 25 | 81.0% | — | ||
| Q2 25 | 80.1% | — | ||
| Q1 25 | 80.6% | — | ||
| Q4 24 | 83.0% | — | ||
| Q3 24 | 83.7% | — | ||
| Q2 24 | 81.7% | — | ||
| Q1 24 | 82.2% | — |
营业利润率PRGSSTWD
| Q4 25 | 15.2% | 26.6% | ||
| Q3 25 | 17.6% | 19.1% | ||
| Q2 25 | 16.3% | 30.5% | ||
| Q1 25 | 13.6% | 28.7% | ||
| Q4 24 | 10.0% | 15.1% | ||
| Q3 24 | 22.6% | 17.2% | ||
| Q2 24 | 15.5% | 19.1% | ||
| Q1 24 | 19.0% | 30.8% |
净利率PRGSSTWD
| Q4 25 | 10.2% | 19.7% | ||
| Q3 25 | 7.8% | 14.8% | ||
| Q2 25 | 7.2% | 29.2% | ||
| Q1 25 | 4.6% | 26.8% | ||
| Q4 24 | 0.5% | 11.4% | ||
| Q3 24 | 15.9% | 15.9% | ||
| Q2 24 | 9.2% | 15.9% | ||
| Q1 24 | 12.3% | 29.5% |
每股收益（稀释后）PRGSSTWD
| Q4 25 | $0.59 | $0.25 | ||
| Q3 25 | $0.44 | $0.19 | ||
| Q2 25 | $0.39 | $0.38 | ||
| Q1 25 | $0.24 | $0.33 | ||
| Q4 24 | $0.01 | $0.15 | ||
| Q3 24 | $0.65 | $0.23 | ||
| Q2 24 | $0.37 | $0.24 | ||
| Q1 24 | $0.51 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $478.3M | $6.8B |
| 总资产 | $2.5B | $63.2B |
| 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PRGSSTWD
| Q4 25 | $94.8M | $499.5M | ||
| Q3 25 | $99.0M | $301.1M | ||
| Q2 25 | $102.0M | $259.9M | ||
| Q1 25 | $124.2M | $440.6M | ||
| Q4 24 | $118.1M | $377.8M | ||
| Q3 24 | $232.7M | $357.9M | ||
| Q2 24 | $190.4M | $259.3M | ||
| Q1 24 | $133.2M | $327.4M |
总债务PRGSSTWD
| 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PRGSSTWD
| Q4 25 | $478.3M | $6.8B | ||
| Q3 25 | $477.7M | $6.9B | ||
| Q2 25 | $452.7M | $6.4B | ||
| Q1 25 | $431.8M | $6.4B | ||
| Q4 24 | $438.8M | $6.4B | ||
| Q3 24 | $425.6M | $6.5B | ||
| Q2 24 | $401.7M | $6.2B | ||
| Q1 24 | $461.7M | $6.3B |
总资产PRGSSTWD
| Q4 25 | $2.5B | $63.2B | ||
| Q3 25 | $2.4B | $62.4B | ||
| Q2 25 | $2.4B | $62.4B | ||
| Q1 25 | $2.5B | $62.2B | ||
| Q4 24 | $2.5B | $62.6B | ||
| Q3 24 | $1.6B | $64.2B | ||
| Q2 24 | $1.6B | $64.1B | ||
| Q1 24 | $1.5B | $66.2B |
负债/权益比PRGSSTWD
| 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 | $488.8M |
| 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× | 5.04× |
| 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PRGSSTWD
| Q4 25 | $62.8M | $488.8M | ||
| Q3 25 | $73.4M | $337.6M | ||
| Q2 25 | $30.0M | $-87.4M | ||
| Q1 25 | $68.9M | $238.9M | ||
| Q4 24 | $19.7M | $295.6M | ||
| Q3 24 | $57.7M | $241.8M | ||
| Q2 24 | $63.7M | $53.3M | ||
| Q1 24 | $70.5M | $55.9M |
自由现金流PRGSSTWD
| 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PRGSSTWD
| 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PRGSSTWD
| 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PRGSSTWD
| Q4 25 | 2.44× | 5.04× | ||
| Q3 25 | 3.78× | 4.65× | ||
| Q2 25 | 1.76× | -0.67× | ||
| Q1 25 | 6.30× | 2.13× | ||
| Q4 24 | 17.13× | 5.72× | ||
| Q3 24 | 2.03× | 3.18× | ||
| Q2 24 | 3.93× | 0.68× | ||
| Q1 24 | 3.11× | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
