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PROGRESS SOFTWARE CORP（PRGS）与Warby Parker Inc.（WRBY）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Warby Parker Inc.的1.2倍（$252.7M vs $212.0M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs -2.8%，领先13.0%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 11.2%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $8.1M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs 2.9%）
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。
Warby Parker是总部位于纽约的美国眼镜品牌零售商，主营处方眼镜、隐形眼镜及太阳镜，还提供验光服务。品牌2010年创立之初仅在线上运营，目前约三分之二的收入来自276家线下实体门店，其中271家位于美国，5家位于加拿大，品牌未来计划开设900家门店，现有消费者规模228万，客单价约263美元。
PRGS vs WRBY — 直观对比
营收规模更大
PRGS
是对方的1.2倍
$212.0M
营收增速更快
PRGS
高出6.4%
11.2%
净利率更高
PRGS
高出13.0%
-2.8%
自由现金流更多
PRGS
多$51.8M
$8.1M
两年增速更快
PRGS
近两年复合增速
2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $212.0M |
| 净利润 | $25.7M | $-6.0M |
| 毛利率 | 81.6% | 52.4% |
| 营业利润率 | 15.2% | -3.2% |
| 净利率 | 10.2% | -2.8% |
| 营收同比 | 17.5% | 11.2% |
| 净利润同比 | 2144.6% | 13.4% |
| 每股收益（稀释后） | $0.59 | $-0.06 |
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PRGSWRBY
| Q4 25 | $252.7M | $212.0M | ||
| Q3 25 | $249.8M | $221.7M | ||
| Q2 25 | $237.4M | $214.5M | ||
| Q1 25 | $238.0M | $223.8M | ||
| Q4 24 | $215.0M | $190.6M | ||
| Q3 24 | $178.7M | $192.4M | ||
| Q2 24 | $175.1M | $188.2M | ||
| Q1 24 | $184.7M | $200.0M |
净利润PRGSWRBY
| Q4 25 | $25.7M | $-6.0M | ||
| Q3 25 | $19.4M | $5.9M | ||
| Q2 25 | $17.0M | $-1.8M | ||
| Q1 25 | $10.9M | $3.5M | ||
| Q4 24 | $1.1M | $-6.9M | ||
| Q3 24 | $28.5M | $-4.1M | ||
| Q2 24 | $16.2M | $-6.8M | ||
| Q1 24 | $22.6M | $-2.7M |
毛利率PRGSWRBY
| Q4 25 | 81.6% | 52.4% | ||
| Q3 25 | 81.0% | 54.1% | ||
| Q2 25 | 80.1% | 53.0% | ||
| Q1 25 | 80.6% | 56.3% | ||
| Q4 24 | 83.0% | 54.1% | ||
| Q3 24 | 83.7% | 54.5% | ||
| Q2 24 | 81.7% | 56.0% | ||
| Q1 24 | 82.2% | 56.7% |
营业利润率PRGSWRBY
| Q4 25 | 15.2% | -3.2% | ||
| Q3 25 | 17.6% | 1.6% | ||
| Q2 25 | 16.3% | -2.1% | ||
| Q1 25 | 13.6% | 1.1% | ||
| Q4 24 | 10.0% | -4.9% | ||
| Q3 24 | 22.6% | -3.4% | ||
| Q2 24 | 15.5% | -4.8% | ||
| Q1 24 | 19.0% | -2.6% |
净利率PRGSWRBY
| Q4 25 | 10.2% | -2.8% | ||
| Q3 25 | 7.8% | 2.6% | ||
| Q2 25 | 7.2% | -0.8% | ||
| Q1 25 | 4.6% | 1.6% | ||
| Q4 24 | 0.5% | -3.6% | ||
| Q3 24 | 15.9% | -2.1% | ||
| Q2 24 | 9.2% | -3.6% | ||
| Q1 24 | 12.3% | -1.3% |
每股收益（稀释后）PRGSWRBY
| Q4 25 | $0.59 | $-0.06 | ||
| Q3 25 | $0.44 | $0.05 | ||
| Q2 25 | $0.39 | $-0.01 | ||
| Q1 25 | $0.24 | $0.03 | ||
| Q4 24 | $0.01 | $-0.06 | ||
| Q3 24 | $0.65 | $-0.03 | ||
| Q2 24 | $0.37 | $-0.06 | ||
| Q1 24 | $0.51 | $-0.02 |
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 | $286.4M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $478.3M | $367.7M |
| 总资产 | $2.5B | $720.9M |
| 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PRGSWRBY
| Q4 25 | $94.8M | $286.4M | ||
| Q3 25 | $99.0M | $280.4M | ||
| Q2 25 | $102.0M | $286.4M | ||
| Q1 25 | $124.2M | $265.1M | ||
| Q4 24 | $118.1M | $254.2M | ||
| Q3 24 | $232.7M | $251.0M | ||
| Q2 24 | $190.4M | $238.0M | ||
| Q1 24 | $133.2M | $220.4M |
总债务PRGSWRBY
| 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PRGSWRBY
| Q4 25 | $478.3M | $367.7M | ||
| Q3 25 | $477.7M | $369.6M | ||
| Q2 25 | $452.7M | $361.5M | ||
| Q1 25 | $431.8M | $354.1M | ||
| Q4 24 | $438.8M | $340.1M | ||
| Q3 24 | $425.6M | $336.8M | ||
| Q2 24 | $401.7M | $329.4M | ||
| Q1 24 | $461.7M | $316.2M |
总资产PRGSWRBY
| Q4 25 | $2.5B | $720.9M | ||
| Q3 25 | $2.4B | $706.9M | ||
| Q2 25 | $2.4B | $701.9M | ||
| Q1 25 | $2.5B | $682.8M | ||
| Q4 24 | $2.5B | $676.5M | ||
| Q3 24 | $1.6B | $638.0M | ||
| Q2 24 | $1.6B | $618.2M | ||
| Q1 24 | $1.5B | $592.9M |
负债/权益比PRGSWRBY
| 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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $59.9M | $8.1M |
| 自由现金流率自由现金流/营收 | 23.7% | 3.8% |
| 资本支出强度资本支出/营收 | 1.1% | 7.1% |
| 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 | $43.7M |
8季度趋势，按日历期对齐
经营现金流PRGSWRBY
| Q4 25 | $62.8M | $23.3M | ||
| Q3 25 | $73.4M | $18.0M | ||
| Q2 25 | $30.0M | $40.2M | ||
| Q1 25 | $68.9M | $29.4M | ||
| Q4 24 | $19.7M | $19.9M | ||
| Q3 24 | $57.7M | $27.3M | ||
| Q2 24 | $63.7M | $31.6M | ||
| Q1 24 | $70.5M | $19.9M |
自由现金流PRGSWRBY
| Q4 25 | $59.9M | $8.1M | ||
| Q3 25 | $72.4M | $-1.5M | ||
| Q2 25 | $29.5M | $23.9M | ||
| Q1 25 | $67.7M | $13.2M | ||
| Q4 24 | $16.8M | $2.2M | ||
| Q3 24 | $56.6M | $13.1M | ||
| Q2 24 | $62.7M | $14.0M | ||
| Q1 24 | $70.2M | $5.5M |
自由现金流率PRGSWRBY
| Q4 25 | 23.7% | 3.8% | ||
| Q3 25 | 29.0% | -0.7% | ||
| Q2 25 | 12.4% | 11.1% | ||
| Q1 25 | 28.4% | 5.9% | ||
| Q4 24 | 7.8% | 1.1% | ||
| Q3 24 | 31.7% | 6.8% | ||
| Q2 24 | 35.8% | 7.4% | ||
| Q1 24 | 38.0% | 2.7% |
资本支出强度PRGSWRBY
| Q4 25 | 1.1% | 7.1% | ||
| Q3 25 | 0.4% | 8.8% | ||
| Q2 25 | 0.2% | 7.6% | ||
| Q1 25 | 0.5% | 7.2% | ||
| Q4 24 | 1.3% | 9.3% | ||
| Q3 24 | 0.6% | 7.4% | ||
| Q2 24 | 0.5% | 9.4% | ||
| Q1 24 | 0.2% | 7.2% |
现金转化率PRGSWRBY
| Q4 25 | 2.44× | — | ||
| Q3 25 | 3.78× | 3.06× | ||
| Q2 25 | 1.76× | — | ||
| Q1 25 | 6.30× | 8.46× | ||
| Q4 24 | 17.13× | — | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 3.93× | — | ||
| Q1 24 | 3.11× | — |
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% |
WRBY
| Retail | $155.2M | 73% |
| E Commerce | $56.8M | 27% |
