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PROGRESS SOFTWARE CORP（PRGS）与Gentherm Inc（THRM）财务数据对比。点击上方公司名可切换其他公司
Gentherm Inc的季度营收约是PROGRESS SOFTWARE CORP的1.5倍（$382.8M vs $252.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 0.8%，领先9.4%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 8.5%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $6.7M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs 3.7%）
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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
PRGS vs THRM — 直观对比
营收规模更大
THRM
是对方的1.5倍
$252.7M
营收增速更快
PRGS
高出9.1%
8.5%
净利率更高
PRGS
高出9.4%
0.8%
自由现金流更多
PRGS
多$53.3M
$6.7M
两年增速更快
PRGS
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $382.8M |
| 净利润 | $25.7M | $3.0M |
| 毛利率 | 81.6% | 23.7% |
| 营业利润率 | 15.2% | 4.6% |
| 净利率 | 10.2% | 0.8% |
| 营收同比 | 17.5% | 8.5% |
| 净利润同比 | 2144.6% | -80.5% |
| 每股收益（稀释后） | $0.59 | $0.08 |
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PRGSTHRM
| Q4 25 | $252.7M | $382.8M | ||
| Q3 25 | $249.8M | $386.9M | ||
| Q2 25 | $237.4M | $375.1M | ||
| Q1 25 | $238.0M | $353.9M | ||
| Q4 24 | $215.0M | $352.9M | ||
| Q3 24 | $178.7M | $371.5M | ||
| Q2 24 | $175.1M | $375.7M | ||
| Q1 24 | $184.7M | $356.0M |
净利润PRGSTHRM
| Q4 25 | $25.7M | $3.0M | ||
| Q3 25 | $19.4M | $14.9M | ||
| Q2 25 | $17.0M | $477.0K | ||
| Q1 25 | $10.9M | $-128.0K | ||
| Q4 24 | $1.1M | $15.3M | ||
| Q3 24 | $28.5M | $16.0M | ||
| Q2 24 | $16.2M | $18.9M | ||
| Q1 24 | $22.6M | $14.8M |
毛利率PRGSTHRM
| Q4 25 | 81.6% | 23.7% | ||
| Q3 25 | 81.0% | 24.6% | ||
| Q2 25 | 80.1% | 23.9% | ||
| Q1 25 | 80.6% | 24.4% | ||
| Q4 24 | 83.0% | 24.4% | ||
| Q3 24 | 83.7% | 25.5% | ||
| Q2 24 | 81.7% | 25.7% | ||
| Q1 24 | 82.2% | 24.9% |
营业利润率PRGSTHRM
| Q4 25 | 15.2% | 4.6% | ||
| Q3 25 | 17.6% | 6.2% | ||
| Q2 25 | 16.3% | 6.4% | ||
| Q1 25 | 13.6% | 4.8% | ||
| Q4 24 | 10.0% | 6.7% | ||
| Q3 24 | 22.6% | 8.7% | ||
| Q2 24 | 15.5% | 8.8% | ||
| Q1 24 | 19.0% | 5.1% |
净利率PRGSTHRM
| Q4 25 | 10.2% | 0.8% | ||
| Q3 25 | 7.8% | 3.9% | ||
| Q2 25 | 7.2% | 0.1% | ||
| Q1 25 | 4.6% | -0.0% | ||
| Q4 24 | 0.5% | 4.3% | ||
| Q3 24 | 15.9% | 4.3% | ||
| Q2 24 | 9.2% | 5.0% | ||
| Q1 24 | 12.3% | 4.2% |
每股收益（稀释后）PRGSTHRM
| Q4 25 | $0.59 | $0.08 | ||
| Q3 25 | $0.44 | $0.49 | ||
| Q2 25 | $0.39 | $0.02 | ||
| Q1 25 | $0.24 | $0.00 | ||
| Q4 24 | $0.01 | $0.48 | ||
| Q3 24 | $0.65 | $0.51 | ||
| Q2 24 | $0.37 | $0.60 | ||
| Q1 24 | $0.51 | $0.47 |
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 | $160.8M |
| 总债务越低越好 | $1.4B | $189.0M |
| 股东权益账面价值 | $478.3M | $720.3M |
| 总资产 | $2.5B | $1.4B |
| 负债/权益比越低杠杆越低 | 2.93× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资PRGSTHRM
| Q4 25 | $94.8M | $160.8M | ||
| Q3 25 | $99.0M | $154.3M | ||
| Q2 25 | $102.0M | $128.3M | ||
| Q1 25 | $124.2M | $163.1M | ||
| Q4 24 | $118.1M | $134.1M | ||
| Q3 24 | $232.7M | $150.6M | ||
| Q2 24 | $190.4M | $123.5M | ||
| Q1 24 | $133.2M | $125.1M |
总债务PRGSTHRM
| Q4 25 | $1.4B | $189.0M | ||
| Q3 25 | $1.4B | $189.0M | ||
| Q2 25 | $1.5B | $209.0M | ||
| Q1 25 | $1.5B | $262.0M | ||
| Q4 24 | $1.5B | $220.1M | ||
| Q3 24 | — | $222.1M | ||
| Q2 24 | — | $222.1M | ||
| Q1 24 | — | $222.2M |
股东权益PRGSTHRM
| Q4 25 | $478.3M | $720.3M | ||
| Q3 25 | $477.7M | $717.9M | ||
| Q2 25 | $452.7M | $699.7M | ||
| Q1 25 | $431.8M | $646.5M | ||
| Q4 24 | $438.8M | $616.9M | ||
| Q3 24 | $425.6M | $660.7M | ||
| Q2 24 | $401.7M | $640.3M | ||
| Q1 24 | $461.7M | $647.1M |
总资产PRGSTHRM
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | $2.4B | $1.4B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
负债/权益比PRGSTHRM
| Q4 25 | 2.93× | 0.26× | ||
| Q3 25 | 2.97× | 0.26× | ||
| Q2 25 | 3.22× | 0.30× | ||
| Q1 25 | 3.50× | 0.41× | ||
| Q4 24 | 3.48× | 0.36× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $59.9M | $6.7M |
| 自由现金流率自由现金流/营收 | 23.7% | 1.7% |
| 资本支出强度资本支出/营收 | 1.1% | 5.8% |
| 现金转化率经营现金流/净利润 | 2.44× | 9.70× |
| 过去12个月自由现金流最近4个季度 | $229.5M | $61.1M |
8季度趋势，按日历期对齐
经营现金流PRGSTHRM
| Q4 25 | $62.8M | $29.0M | ||
| Q3 25 | $73.4M | $56.1M | ||
| Q2 25 | $30.0M | $45.0M | ||
| Q1 25 | $68.9M | $-13.3M | ||
| Q4 24 | $19.7M | $36.6M | ||
| Q3 24 | $57.7M | $46.3M | ||
| Q2 24 | $63.7M | $37.1M | ||
| Q1 24 | $70.5M | $-10.3M |
自由现金流PRGSTHRM
| Q4 25 | $59.9M | $6.7M | ||
| Q3 25 | $72.4M | $46.5M | ||
| Q2 25 | $29.5M | $36.2M | ||
| Q1 25 | $67.7M | $-28.2M | ||
| Q4 24 | $16.8M | $13.6M | ||
| Q3 24 | $56.6M | $26.6M | ||
| Q2 24 | $62.7M | $17.8M | ||
| Q1 24 | $70.2M | $-21.6M |
自由现金流率PRGSTHRM
| Q4 25 | 23.7% | 1.7% | ||
| Q3 25 | 29.0% | 12.0% | ||
| Q2 25 | 12.4% | 9.6% | ||
| Q1 25 | 28.4% | -8.0% | ||
| Q4 24 | 7.8% | 3.9% | ||
| Q3 24 | 31.7% | 7.2% | ||
| Q2 24 | 35.8% | 4.7% | ||
| Q1 24 | 38.0% | -6.1% |
资本支出强度PRGSTHRM
| Q4 25 | 1.1% | 5.8% | ||
| Q3 25 | 0.4% | 2.5% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.5% | 4.2% | ||
| Q4 24 | 1.3% | 6.5% | ||
| Q3 24 | 0.6% | 5.3% | ||
| Q2 24 | 0.5% | 5.2% | ||
| Q1 24 | 0.2% | 3.2% |
现金转化率PRGSTHRM
| Q4 25 | 2.44× | 9.70× | ||
| Q3 25 | 3.78× | 3.75× | ||
| Q2 25 | 1.76× | 94.43× | ||
| Q1 25 | 6.30× | — | ||
| Q4 24 | 17.13× | 2.39× | ||
| Q3 24 | 2.03× | 2.90× | ||
| Q2 24 | 3.93× | 1.97× | ||
| Q1 24 | 3.11× | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
