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PROGRESS SOFTWARE CORP（PRGS）与Thryv Holdings, Inc.（THRY）财务数据对比。点击上方公司名可切换其他公司
PROGRESS SOFTWARE CORP的季度营收约是Thryv Holdings, Inc.的1.5倍（$252.7M vs $167.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 2.7%，领先7.5%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -7.5%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $-5.5M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs -13.5%）
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。
Thryv Holdings, Inc.是一家上市软件服务（SaaS）企业，面向中小企业提供客户关系管理与网络声誉管理软件解决方案。公司总部位于得克萨斯州达拉斯，业务覆盖美国48个州，现有员工超过2400名，其前身是多家黄页企业组成的集团。
PRGS vs THRY — 直观对比
营收规模更大
PRGS
是对方的1.5倍
$167.7M
营收增速更快
PRGS
高出25.1%
-7.5%
净利率更高
PRGS
高出7.5%
2.7%
自由现金流更多
PRGS
多$65.4M
$-5.5M
两年增速更快
PRGS
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $167.7M |
| 净利润 | $25.7M | $4.5M |
| 毛利率 | 81.6% | 65.2% |
| 营业利润率 | 15.2% | 37.3% |
| 净利率 | 10.2% | 2.7% |
| 营收同比 | 17.5% | -7.5% |
| 净利润同比 | 2144.6% | 147.2% |
| 每股收益（稀释后） | $0.59 | $0.10 |
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PRGSTHRY
| Q1 26 | — | $167.7M | ||
| Q4 25 | $252.7M | $191.6M | ||
| Q3 25 | $249.8M | $201.6M | ||
| Q2 25 | $237.4M | $210.5M | ||
| Q1 25 | $238.0M | $181.4M | ||
| Q4 24 | $215.0M | $186.6M | ||
| Q3 24 | $178.7M | $179.9M | ||
| Q2 24 | $175.1M | $224.1M |
净利润PRGSTHRY
| Q1 26 | — | $4.5M | ||
| Q4 25 | $25.7M | $-9.7M | ||
| Q3 25 | $19.4M | $5.7M | ||
| Q2 25 | $17.0M | $13.9M | ||
| Q1 25 | $10.9M | $-9.6M | ||
| Q4 24 | $1.1M | $7.9M | ||
| Q3 24 | $28.5M | $-96.1M | ||
| Q2 24 | $16.2M | $5.5M |
毛利率PRGSTHRY
| Q1 26 | — | 65.2% | ||
| Q4 25 | 81.6% | 68.0% | ||
| Q3 25 | 81.0% | 67.7% | ||
| Q2 25 | 80.1% | 69.7% | ||
| Q1 25 | 80.6% | 65.8% | ||
| Q4 24 | 83.0% | 65.9% | ||
| Q3 24 | 83.7% | 62.3% | ||
| Q2 24 | 81.7% | 66.3% |
营业利润率PRGSTHRY
| Q1 26 | — | 37.3% | ||
| Q4 25 | 15.2% | 5.3% | ||
| Q3 25 | 17.6% | 9.9% | ||
| Q2 25 | 16.3% | 14.0% | ||
| Q1 25 | 13.6% | -1.7% | ||
| Q4 24 | 10.0% | -3.9% | ||
| Q3 24 | 22.6% | -49.2% | ||
| Q2 24 | 15.5% | 14.0% |
净利率PRGSTHRY
| Q1 26 | — | 2.7% | ||
| Q4 25 | 10.2% | -5.0% | ||
| Q3 25 | 7.8% | 2.8% | ||
| Q2 25 | 7.2% | 6.6% | ||
| Q1 25 | 4.6% | -5.3% | ||
| Q4 24 | 0.5% | 4.2% | ||
| Q3 24 | 15.9% | -53.4% | ||
| Q2 24 | 9.2% | 2.5% |
每股收益（稀释后）PRGSTHRY
| Q1 26 | — | $0.10 | ||
| Q4 25 | $0.59 | $-0.21 | ||
| Q3 25 | $0.44 | $0.13 | ||
| Q2 25 | $0.39 | $0.31 | ||
| Q1 25 | $0.24 | $-0.22 | ||
| Q4 24 | $0.01 | $0.28 | ||
| Q3 24 | $0.65 | $-2.65 | ||
| Q2 24 | $0.37 | $0.15 |
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 | $8.0M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $478.3M | $225.4M |
| 总资产 | $2.5B | $693.7M |
| 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PRGSTHRY
| Q1 26 | — | $8.0M | ||
| Q4 25 | $94.8M | $10.8M | ||
| Q3 25 | $99.0M | $11.6M | ||
| Q2 25 | $102.0M | $10.8M | ||
| Q1 25 | $124.2M | $11.0M | ||
| Q4 24 | $118.1M | $16.3M | ||
| Q3 24 | $232.7M | $12.5M | ||
| Q2 24 | $190.4M | $15.5M |
总债务PRGSTHRY
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $253.5M | ||
| Q3 25 | $1.4B | $268.2M | ||
| Q2 25 | $1.5B | $275.6M | ||
| Q1 25 | $1.5B | $299.0M | ||
| Q4 24 | $1.5B | $284.3M | ||
| Q3 24 | — | $307.8M | ||
| Q2 24 | — | $342.1M |
股东权益PRGSTHRY
| Q1 26 | — | $225.4M | ||
| Q4 25 | $478.3M | $218.1M | ||
| Q3 25 | $477.7M | $221.1M | ||
| Q2 25 | $452.7M | $214.9M | ||
| Q1 25 | $431.8M | $193.2M | ||
| Q4 24 | $438.8M | $196.9M | ||
| Q3 24 | $425.6M | $94.5M | ||
| Q2 24 | $401.7M | $183.1M |
总资产PRGSTHRY
| Q1 26 | — | $693.7M | ||
| Q4 25 | $2.5B | $688.6M | ||
| Q3 25 | $2.4B | $701.8M | ||
| Q2 25 | $2.4B | $687.7M | ||
| Q1 25 | $2.5B | $703.7M | ||
| Q4 24 | $2.5B | $712.2M | ||
| Q3 24 | $1.6B | $654.8M | ||
| Q2 24 | $1.6B | $785.5M |
负债/权益比PRGSTHRY
| Q1 26 | — | — | ||
| Q4 25 | 2.93× | 1.16× | ||
| Q3 25 | 2.97× | 1.21× | ||
| Q2 25 | 3.22× | 1.28× | ||
| Q1 25 | 3.50× | 1.55× | ||
| Q4 24 | 3.48× | 1.44× | ||
| Q3 24 | — | 3.26× | ||
| Q2 24 | — | 1.87× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $59.9M | $-5.5M |
| 自由现金流率自由现金流/营收 | 23.7% | -3.3% |
| 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 | $43.3M |
8季度趋势，按日历期对齐
经营现金流PRGSTHRY
| Q1 26 | — | — | ||
| Q4 25 | $62.8M | $22.2M | ||
| Q3 25 | $73.4M | $22.2M | ||
| Q2 25 | $30.0M | $29.6M | ||
| Q1 25 | $68.9M | $-10.5M | ||
| Q4 24 | $19.7M | $26.1M | ||
| Q3 24 | $57.7M | $36.0M | ||
| Q2 24 | $63.7M | $22.2M |
自由现金流PRGSTHRY
| Q1 26 | — | $-5.5M | ||
| Q4 25 | $59.9M | $12.3M | ||
| Q3 25 | $72.4M | $14.6M | ||
| Q2 25 | $29.5M | $21.8M | ||
| Q1 25 | $67.7M | $-17.6M | ||
| Q4 24 | $16.8M | $17.3M | ||
| Q3 24 | $56.6M | $27.5M | ||
| Q2 24 | $62.7M | $13.3M |
自由现金流率PRGSTHRY
| Q1 26 | — | -3.3% | ||
| Q4 25 | 23.7% | 6.4% | ||
| Q3 25 | 29.0% | 7.2% | ||
| Q2 25 | 12.4% | 10.4% | ||
| Q1 25 | 28.4% | -9.7% | ||
| Q4 24 | 7.8% | 9.3% | ||
| Q3 24 | 31.7% | 15.3% | ||
| Q2 24 | 35.8% | 5.9% |
资本支出强度PRGSTHRY
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 5.2% | ||
| Q3 25 | 0.4% | 3.8% | ||
| Q2 25 | 0.2% | 3.7% | ||
| Q1 25 | 0.5% | 3.9% | ||
| Q4 24 | 1.3% | 4.7% | ||
| Q3 24 | 0.6% | 4.7% | ||
| Q2 24 | 0.5% | 4.0% |
现金转化率PRGSTHRY
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | — | ||
| Q3 25 | 3.78× | 3.93× | ||
| Q2 25 | 1.76× | 2.12× | ||
| Q1 25 | 6.30× | — | ||
| Q4 24 | 17.13× | 3.32× | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 3.93× | 4.01× |
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% |
THRY
| SaaS | $116.7M | 70% |
| Other | $50.9M | 30% |
