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PROGRESS SOFTWARE CORP（PRGS）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）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VIRTUS INVESTMENT PARTNERS, INC.的1.3倍（$252.7M vs $199.5M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 3.6%，领先6.6%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -4.1%），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs -5.7%）
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。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
PRGS vs VRTS — 直观对比
营收规模更大
PRGS
是对方的1.3倍
$199.5M
营收增速更快
PRGS
高出21.6%
-4.1%
净利率更高
PRGS
高出6.6%
3.6%
两年增速更快
PRGS
近两年复合增速
-5.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $199.5M |
| 净利润 | $25.7M | $7.1M |
| 毛利率 | 81.6% | — |
| 营业利润率 | 15.2% | 7.7% |
| 净利率 | 10.2% | 3.6% |
| 营收同比 | 17.5% | -4.1% |
| 净利润同比 | 2144.6% | -78.1% |
| 每股收益（稀释后） | $0.59 | $1.05 |
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PRGSVRTS
| Q1 26 | — | $199.5M | ||
| Q4 25 | $252.7M | $208.0M | ||
| Q3 25 | $249.8M | $216.4M | ||
| Q2 25 | $237.4M | $210.5M | ||
| Q1 25 | $238.0M | $217.9M | ||
| Q4 24 | $215.0M | $233.5M | ||
| Q3 24 | $178.7M | $227.0M | ||
| Q2 24 | $175.1M | $224.4M |
净利润PRGSVRTS
| Q1 26 | — | $7.1M | ||
| Q4 25 | $25.7M | $33.9M | ||
| Q3 25 | $19.4M | $31.3M | ||
| Q2 25 | $17.0M | $42.7M | ||
| Q1 25 | $10.9M | $28.1M | ||
| Q4 24 | $1.1M | $39.5M | ||
| Q3 24 | $28.5M | $49.1M | ||
| Q2 24 | $16.2M | $26.0M |
毛利率PRGSVRTS
| Q1 26 | — | — | ||
| 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% | — |
营业利润率PRGSVRTS
| Q1 26 | — | 7.7% | ||
| Q4 25 | 15.2% | 19.1% | ||
| Q3 25 | 17.6% | 21.7% | ||
| Q2 25 | 16.3% | 21.5% | ||
| Q1 25 | 13.6% | 16.8% | ||
| Q4 24 | 10.0% | 21.7% | ||
| Q3 24 | 22.6% | 24.3% | ||
| Q2 24 | 15.5% | 19.7% |
净利率PRGSVRTS
| Q1 26 | — | 3.6% | ||
| Q4 25 | 10.2% | 16.3% | ||
| Q3 25 | 7.8% | 14.5% | ||
| Q2 25 | 7.2% | 20.3% | ||
| Q1 25 | 4.6% | 12.9% | ||
| Q4 24 | 0.5% | 16.9% | ||
| Q3 24 | 15.9% | 21.6% | ||
| Q2 24 | 9.2% | 11.6% |
每股收益（稀释后）PRGSVRTS
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.59 | $5.15 | ||
| Q3 25 | $0.44 | $4.65 | ||
| Q2 25 | $0.39 | $6.12 | ||
| Q1 25 | $0.24 | $4.05 | ||
| Q4 24 | $0.01 | $4.65 | ||
| Q3 24 | $0.65 | $5.71 | ||
| Q2 24 | $0.37 | $2.43 |
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 | $136.6M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $478.3M | $93.6B |
| 总资产 | $2.5B | — |
| 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PRGSVRTS
| Q1 26 | — | $136.6M | ||
| Q4 25 | $94.8M | — | ||
| Q3 25 | $99.0M | — | ||
| Q2 25 | $102.0M | — | ||
| Q1 25 | $124.2M | — | ||
| Q4 24 | $118.1M | — | ||
| Q3 24 | $232.7M | — | ||
| Q2 24 | $190.4M | — |
总债务PRGSVRTS
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $390.0M | ||
| Q3 25 | $1.4B | $390.6M | ||
| Q2 25 | $1.5B | $231.3M | ||
| Q1 25 | $1.5B | $231.7M | ||
| Q4 24 | $1.5B | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
股东权益PRGSVRTS
| Q1 26 | — | $93.6B | ||
| Q4 25 | $478.3M | $934.0M | ||
| Q3 25 | $477.7M | $918.7M | ||
| Q2 25 | $452.7M | $896.4M | ||
| Q1 25 | $431.8M | $893.7M | ||
| Q4 24 | $438.8M | $897.5M | ||
| Q3 24 | $425.6M | $889.0M | ||
| Q2 24 | $401.7M | $868.7M |
总资产PRGSVRTS
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $4.3B | ||
| Q3 25 | $2.4B | $3.9B | ||
| Q2 25 | $2.4B | $3.7B | ||
| Q1 25 | $2.5B | $3.7B | ||
| Q4 24 | $2.5B | $4.0B | ||
| Q3 24 | $1.6B | $3.6B | ||
| Q2 24 | $1.6B | $3.6B |
负债/权益比PRGSVRTS
| Q1 26 | — | — | ||
| Q4 25 | 2.93× | 0.42× | ||
| Q3 25 | 2.97× | 0.43× | ||
| Q2 25 | 3.22× | 0.26× | ||
| Q1 25 | 3.50× | 0.26× | ||
| Q4 24 | 3.48× | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | — |
| 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× | — |
| 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PRGSVRTS
| Q1 26 | — | — | ||
| Q4 25 | $62.8M | $-67.2M | ||
| Q3 25 | $73.4M | $108.3M | ||
| Q2 25 | $30.0M | $75.8M | ||
| Q1 25 | $68.9M | $-3.8M | ||
| Q4 24 | $19.7M | $1.8M | ||
| Q3 24 | $57.7M | $69.1M | ||
| Q2 24 | $63.7M | $70.0M |
自由现金流PRGSVRTS
| Q1 26 | — | — | ||
| Q4 25 | $59.9M | $-74.1M | ||
| Q3 25 | $72.4M | $106.9M | ||
| Q2 25 | $29.5M | $74.2M | ||
| Q1 25 | $67.7M | $-6.8M | ||
| Q4 24 | $16.8M | $-3.8M | ||
| Q3 24 | $56.6M | $68.7M | ||
| Q2 24 | $62.7M | $68.6M |
自由现金流率PRGSVRTS
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | -35.6% | ||
| Q3 25 | 29.0% | 49.4% | ||
| Q2 25 | 12.4% | 35.2% | ||
| Q1 25 | 28.4% | -3.1% | ||
| Q4 24 | 7.8% | -1.6% | ||
| Q3 24 | 31.7% | 30.3% | ||
| Q2 24 | 35.8% | 30.6% |
资本支出强度PRGSVRTS
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 3.3% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 0.2% | 0.7% | ||
| Q1 25 | 0.5% | 1.4% | ||
| Q4 24 | 1.3% | 2.4% | ||
| Q3 24 | 0.6% | 0.2% | ||
| Q2 24 | 0.5% | 0.6% |
现金转化率PRGSVRTS
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | -1.99× | ||
| Q3 25 | 3.78× | 3.45× | ||
| Q2 25 | 1.76× | 1.77× | ||
| Q1 25 | 6.30× | -0.13× | ||
| Q4 24 | 17.13× | 0.04× | ||
| Q3 24 | 2.03× | 1.41× | ||
| Q2 24 | 3.93× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
