vs
PROGRESS SOFTWARE CORP（PRGS）与Texas Pacific Land Corporation（TPL）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Texas Pacific Land Corporation的1.2倍（$252.7M vs $211.6M），Texas Pacific Land Corporation净利率更高（58.3% vs 10.2%，领先48.1%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 13.9%），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs 10.2%）
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。
Texas Pacific Land Corporation（简称TPL）是一家公开上市的不动产运营企业，行政总部位于美国得克萨斯州达拉斯市。公司在得州西部20个郡拥有逾88万英亩（约3600平方公里）土地，是得州规模最大的私人土地所有者之一，前身为得克萨斯太平洋土地信托。
PRGS vs TPL — 直观对比
营收规模更大
PRGS
是对方的1.2倍
$211.6M
营收增速更快
PRGS
高出3.7%
13.9%
净利率更高
TPL
高出48.1%
10.2%
两年增速更快
PRGS
近两年复合增速
10.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $211.6M |
| 净利润 | $25.7M | $123.3M |
| 毛利率 | 81.6% | — |
| 营业利润率 | 15.2% | 70.5% |
| 净利率 | 10.2% | 58.3% |
| 营收同比 | 17.5% | 13.9% |
| 净利润同比 | 2144.6% | 4.2% |
| 每股收益（稀释后） | $0.59 | $-8.59 |
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PRGSTPL
| Q4 25 | $252.7M | $211.6M | ||
| Q3 25 | $249.8M | $203.1M | ||
| Q2 25 | $237.4M | $187.5M | ||
| Q1 25 | $238.0M | $196.0M | ||
| Q4 24 | $215.0M | $185.8M | ||
| Q3 24 | $178.7M | $173.6M | ||
| Q2 24 | $175.1M | $172.3M | ||
| Q1 24 | $184.7M | $174.1M |
净利润PRGSTPL
| Q4 25 | $25.7M | $123.3M | ||
| Q3 25 | $19.4M | $121.2M | ||
| Q2 25 | $17.0M | $116.1M | ||
| Q1 25 | $10.9M | $120.7M | ||
| Q4 24 | $1.1M | $118.4M | ||
| Q3 24 | $28.5M | $106.6M | ||
| Q2 24 | $16.2M | $114.6M | ||
| Q1 24 | $22.6M | $114.4M |
毛利率PRGSTPL
| 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PRGSTPL
| Q4 25 | 15.2% | 70.5% | ||
| Q3 25 | 17.6% | 73.4% | ||
| Q2 25 | 16.3% | 76.6% | ||
| Q1 25 | 13.6% | 76.6% | ||
| Q4 24 | 10.0% | 76.7% | ||
| Q3 24 | 22.6% | 73.4% | ||
| Q2 24 | 15.5% | 77.3% | ||
| Q1 24 | 19.0% | 78.1% |
净利率PRGSTPL
| Q4 25 | 10.2% | 58.3% | ||
| Q3 25 | 7.8% | 59.7% | ||
| Q2 25 | 7.2% | 61.9% | ||
| Q1 25 | 4.6% | 61.6% | ||
| Q4 24 | 0.5% | 63.7% | ||
| Q3 24 | 15.9% | 61.4% | ||
| Q2 24 | 9.2% | 66.5% | ||
| Q1 24 | 12.3% | 65.7% |
每股收益（稀释后）PRGSTPL
| Q4 25 | $0.59 | $-8.59 | ||
| Q3 25 | $0.44 | $5.27 | ||
| Q2 25 | $0.39 | $5.05 | ||
| Q1 25 | $0.24 | $5.24 | ||
| Q4 24 | $0.01 | $5.14 | ||
| Q3 24 | $0.65 | $4.63 | ||
| Q2 24 | $0.37 | $4.98 | ||
| Q1 24 | $0.51 | $4.97 |
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 | $144.8M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $478.3M | $1.5B |
| 总资产 | $2.5B | $1.6B |
| 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PRGSTPL
| Q4 25 | $94.8M | $144.8M | ||
| Q3 25 | $99.0M | $531.8M | ||
| Q2 25 | $102.0M | $543.9M | ||
| Q1 25 | $124.2M | $460.4M | ||
| Q4 24 | $118.1M | $369.8M | ||
| Q3 24 | $232.7M | $533.9M | ||
| Q2 24 | $190.4M | $894.7M | ||
| Q1 24 | $133.2M | $837.1M |
总债务PRGSTPL
| 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PRGSTPL
| Q4 25 | $478.3M | $1.5B | ||
| Q3 25 | $477.7M | $1.4B | ||
| Q2 25 | $452.7M | $1.3B | ||
| Q1 25 | $431.8M | $1.2B | ||
| Q4 24 | $438.8M | $1.1B | ||
| Q3 24 | $425.6M | $1.1B | ||
| Q2 24 | $401.7M | $1.2B | ||
| Q1 24 | $461.7M | $1.1B |
总资产PRGSTPL
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $2.4B | $1.5B | ||
| Q2 25 | $2.4B | $1.4B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.5B | $1.3B |
负债/权益比PRGSTPL
| 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 | $113.7M |
| 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× | 0.92× |
| 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PRGSTPL
| Q4 25 | $62.8M | $113.7M | ||
| Q3 25 | $73.4M | $154.6M | ||
| Q2 25 | $30.0M | $120.9M | ||
| Q1 25 | $68.9M | $156.7M | ||
| Q4 24 | $19.7M | $126.6M | ||
| Q3 24 | $57.7M | $118.6M | ||
| Q2 24 | $63.7M | $98.3M | ||
| Q1 24 | $70.5M | $147.2M |
自由现金流PRGSTPL
| 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PRGSTPL
| 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PRGSTPL
| 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PRGSTPL
| Q4 25 | 2.44× | 0.92× | ||
| Q3 25 | 3.78× | 1.28× | ||
| Q2 25 | 1.76× | 1.04× | ||
| Q1 25 | 6.30× | 1.30× | ||
| Q4 24 | 17.13× | 1.07× | ||
| Q3 24 | 2.03× | 1.11× | ||
| Q2 24 | 3.93× | 0.86× | ||
| Q1 24 | 3.11× | 1.29× |
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% |
TPL
| Water Serviceand Operations Segment | $98.2M | 46% |
| Water Sales And Royalties | $60.7M | 29% |
| Produced Water Royalties | $33.5M | 16% |
| Easementand Sundry | $20.6M | 10% |
