vs
PROGRESS SOFTWARE CORP（PRGS）与USA Compression Partners, LP（USAC）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USA Compression Partners, LP的1.0倍（$252.7M vs $252.5M），USA Compression Partners, LP净利率更高（11.0% vs 10.2%，领先0.8%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 2.7%），USA Compression Partners, LP自由现金流更多（$87.7M vs $59.9M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs 4.9%）
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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
PRGS vs USAC — 直观对比
营收规模更大
PRGS
是对方的1.0倍
$252.5M
营收增速更快
PRGS
高出14.9%
2.7%
净利率更高
USAC
高出0.8%
10.2%
自由现金流更多
USAC
多$27.8M
$59.9M
两年增速更快
PRGS
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $252.5M |
| 净利润 | $25.7M | $27.8M |
| 毛利率 | 81.6% | — |
| 营业利润率 | 15.2% | 30.3% |
| 净利率 | 10.2% | 11.0% |
| 营收同比 | 17.5% | 2.7% |
| 净利润同比 | 2144.6% | 9.1% |
| 每股收益（稀释后） | $0.59 | — |
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PRGSUSAC
| Q4 25 | $252.7M | $252.5M | ||
| Q3 25 | $249.8M | $250.3M | ||
| Q2 25 | $237.4M | $250.1M | ||
| Q1 25 | $238.0M | $245.2M | ||
| Q4 24 | $215.0M | $245.9M | ||
| Q3 24 | $178.7M | $240.0M | ||
| Q2 24 | $175.1M | $235.3M | ||
| Q1 24 | $184.7M | $229.3M |
净利润PRGSUSAC
| Q4 25 | $25.7M | $27.8M | ||
| Q3 25 | $19.4M | $34.5M | ||
| Q2 25 | $17.0M | $28.6M | ||
| Q1 25 | $10.9M | $20.5M | ||
| Q4 24 | $1.1M | $25.4M | ||
| Q3 24 | $28.5M | $19.3M | ||
| Q2 24 | $16.2M | $31.2M | ||
| Q1 24 | $22.6M | $23.6M |
毛利率PRGSUSAC
| 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PRGSUSAC
| Q4 25 | 15.2% | 30.3% | ||
| Q3 25 | 17.6% | 33.5% | ||
| Q2 25 | 16.3% | 30.6% | ||
| Q1 25 | 13.6% | 28.3% | ||
| Q4 24 | 10.0% | 30.3% | ||
| Q3 24 | 22.6% | 31.5% | ||
| Q2 24 | 15.5% | 32.9% | ||
| Q1 24 | 19.0% | 29.2% |
净利率PRGSUSAC
| Q4 25 | 10.2% | 11.0% | ||
| Q3 25 | 7.8% | 13.8% | ||
| Q2 25 | 7.2% | 11.4% | ||
| Q1 25 | 4.6% | 8.4% | ||
| Q4 24 | 0.5% | 10.3% | ||
| Q3 24 | 15.9% | 8.1% | ||
| Q2 24 | 9.2% | 13.3% | ||
| Q1 24 | 12.3% | 10.3% |
每股收益（稀释后）PRGSUSAC
| Q4 25 | $0.59 | — | ||
| Q3 25 | $0.44 | — | ||
| Q2 25 | $0.39 | — | ||
| Q1 25 | $0.24 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $0.65 | — | ||
| Q2 24 | $0.37 | — | ||
| Q1 24 | $0.51 | — |
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 | $8.6M |
| 总债务越低越好 | $1.4B | $2.5B |
| 股东权益账面价值 | $478.3M | — |
| 总资产 | $2.5B | $2.6B |
| 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PRGSUSAC
| Q4 25 | $94.8M | $8.6M | ||
| Q3 25 | $99.0M | — | ||
| Q2 25 | $102.0M | $2.0K | ||
| Q1 25 | $124.2M | $2.0K | ||
| Q4 24 | $118.1M | $14.0K | ||
| Q3 24 | $232.7M | $79.0K | ||
| Q2 24 | $190.4M | $9.0K | ||
| Q1 24 | $133.2M | $8.0K |
总债务PRGSUSAC
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.5B | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.5B |
股东权益PRGSUSAC
| Q4 25 | $478.3M | — | ||
| Q3 25 | $477.7M | — | ||
| Q2 25 | $452.7M | — | ||
| Q1 25 | $431.8M | — | ||
| Q4 24 | $438.8M | — | ||
| Q3 24 | $425.6M | — | ||
| Q2 24 | $401.7M | — | ||
| Q1 24 | $461.7M | — |
总资产PRGSUSAC
| Q4 25 | $2.5B | $2.6B | ||
| Q3 25 | $2.4B | $2.7B | ||
| Q2 25 | $2.4B | $2.7B | ||
| Q1 25 | $2.5B | $2.7B | ||
| Q4 24 | $2.5B | $2.7B | ||
| Q3 24 | $1.6B | $2.8B | ||
| Q2 24 | $1.6B | $2.8B | ||
| Q1 24 | $1.5B | $2.8B |
负债/权益比PRGSUSAC
| 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 | $139.5M |
| 自由现金流经营现金流 - 资本支出 | $59.9M | $87.7M |
| 自由现金流率自由现金流/营收 | 23.7% | 34.8% |
| 资本支出强度资本支出/营收 | 1.1% | 20.5% |
| 现金转化率经营现金流/净利润 | 2.44× | 5.02× |
| 过去12个月自由现金流最近4个季度 | $229.5M | $277.0M |
8季度趋势，按日历期对齐
经营现金流PRGSUSAC
| Q4 25 | $62.8M | $139.5M | ||
| Q3 25 | $73.4M | $75.9M | ||
| Q2 25 | $30.0M | $124.2M | ||
| Q1 25 | $68.9M | $54.7M | ||
| Q4 24 | $19.7M | $130.2M | ||
| Q3 24 | $57.7M | $48.5M | ||
| Q2 24 | $63.7M | $96.7M | ||
| Q1 24 | $70.5M | $65.9M |
自由现金流PRGSUSAC
| Q4 25 | $59.9M | $87.7M | ||
| Q3 25 | $72.4M | $51.9M | ||
| Q2 25 | $29.5M | $101.1M | ||
| Q1 25 | $67.7M | $36.3M | ||
| Q4 24 | $16.8M | $101.2M | ||
| Q3 24 | $56.6M | $19.8M | ||
| Q2 24 | $62.7M | $48.2M | ||
| Q1 24 | $70.2M | $-32.7M |
自由现金流率PRGSUSAC
| Q4 25 | 23.7% | 34.8% | ||
| Q3 25 | 29.0% | 20.7% | ||
| Q2 25 | 12.4% | 40.4% | ||
| Q1 25 | 28.4% | 14.8% | ||
| Q4 24 | 7.8% | 41.1% | ||
| Q3 24 | 31.7% | 8.2% | ||
| Q2 24 | 35.8% | 20.5% | ||
| Q1 24 | 38.0% | -14.3% |
资本支出强度PRGSUSAC
| Q4 25 | 1.1% | 20.5% | ||
| Q3 25 | 0.4% | 9.6% | ||
| Q2 25 | 0.2% | 9.3% | ||
| Q1 25 | 0.5% | 7.5% | ||
| Q4 24 | 1.3% | 11.8% | ||
| Q3 24 | 0.6% | 12.0% | ||
| Q2 24 | 0.5% | 20.6% | ||
| Q1 24 | 0.2% | 43.0% |
现金转化率PRGSUSAC
| Q4 25 | 2.44× | 5.02× | ||
| Q3 25 | 3.78× | 2.20× | ||
| Q2 25 | 1.76× | 4.35× | ||
| Q1 25 | 6.30× | 2.66× | ||
| Q4 24 | 17.13× | 5.12× | ||
| Q3 24 | 2.03× | 2.51× | ||
| Q2 24 | 3.93× | 3.10× | ||
| Q1 24 | 3.11× | 2.80× |
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% |
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
