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PROGRESS SOFTWARE CORP（PRGS）与WisdomTree, Inc.（WT）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WisdomTree, Inc.的1.6倍（$252.7M vs $159.5M），WisdomTree, Inc.净利率更高（25.5% vs 10.2%，领先15.3%），WisdomTree, Inc.同比增速更快（47.5% vs 17.5%），过去两年WisdomTree, Inc.的营收复合增速更高（22.1% vs 17.0%）
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。
WisdomTree, Inc.是总部位于纽约的全球ETF（交易型开放式指数基金）及交易所交易产品发行方与资产管理机构，2006年6月推出首批ETF产品，目前是美国主流ETF供应商之一。其发行的ETF覆盖全球不同资产类别与地区市场，产品线涵盖美国及国际股票、货币、固定收益及另类投资等品类。
PRGS vs WT — 直观对比
营收规模更大
PRGS
是对方的1.6倍
$159.5M
营收增速更快
WT
高出30.0%
17.5%
净利率更高
WT
高出15.3%
10.2%
两年增速更快
WT
近两年复合增速
17.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $252.7M | $159.5M |
| 净利润 | $25.7M | $40.6M |
| 毛利率 | 81.6% | — |
| 营业利润率 | 15.2% | 37.2% |
| 净利率 | 10.2% | 25.5% |
| 营收同比 | 17.5% | 47.5% |
| 净利润同比 | 2144.6% | 76.4% |
| 每股收益（稀释后） | $0.59 | $0.28 |
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PRGSWT
| Q1 26 | — | $159.5M | ||
| Q4 25 | $252.7M | $147.4M | ||
| Q3 25 | $249.8M | $125.6M | ||
| Q2 25 | $237.4M | $112.6M | ||
| Q1 25 | $238.0M | $108.1M | ||
| Q4 24 | $215.0M | $110.7M | ||
| Q3 24 | $178.7M | $113.2M | ||
| Q2 24 | $175.1M | $107.0M |
净利润PRGSWT
| Q1 26 | — | $40.6M | ||
| Q4 25 | $25.7M | $40.0M | ||
| Q3 25 | $19.4M | $19.7M | ||
| Q2 25 | $17.0M | $24.8M | ||
| Q1 25 | $10.9M | $24.6M | ||
| Q4 24 | $1.1M | $27.3M | ||
| Q3 24 | $28.5M | $-4.5M | ||
| Q2 24 | $16.2M | $21.8M |
毛利率PRGSWT
| 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PRGSWT
| Q1 26 | — | 37.2% | ||
| Q4 25 | 15.2% | 40.5% | ||
| Q3 25 | 17.6% | 36.3% | ||
| Q2 25 | 16.3% | 30.8% | ||
| Q1 25 | 13.6% | 31.6% | ||
| Q4 24 | 10.0% | 31.7% | ||
| Q3 24 | 22.6% | 36.0% | ||
| Q2 24 | 15.5% | 31.3% |
净利率PRGSWT
| Q1 26 | — | 25.5% | ||
| Q4 25 | 10.2% | 27.1% | ||
| Q3 25 | 7.8% | 15.7% | ||
| Q2 25 | 7.2% | 22.0% | ||
| Q1 25 | 4.6% | 22.8% | ||
| Q4 24 | 0.5% | 24.7% | ||
| Q3 24 | 15.9% | -4.0% | ||
| Q2 24 | 9.2% | 20.3% |
每股收益（稀释后）PRGSWT
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.59 | $0.28 | ||
| Q3 25 | $0.44 | $0.13 | ||
| Q2 25 | $0.39 | $0.17 | ||
| Q1 25 | $0.24 | $0.17 | ||
| Q4 24 | $0.01 | $0.20 | ||
| Q3 24 | $0.65 | $-0.13 | ||
| Q2 24 | $0.37 | $0.13 |
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 | — |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $478.3M | — |
| 总资产 | $2.5B | $1.8B |
| 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PRGSWT
| Q1 26 | — | — | ||
| 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 | $132.5M |
总债务PRGSWT
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PRGSWT
| Q1 26 | — | — | ||
| Q4 25 | $478.3M | $413.7M | ||
| Q3 25 | $477.7M | $373.4M | ||
| Q2 25 | $452.7M | $445.1M | ||
| Q1 25 | $431.8M | $415.6M | ||
| Q4 24 | $438.8M | $400.0M | ||
| Q3 24 | $425.6M | $374.9M | ||
| Q2 24 | $401.7M | $445.6M |
总资产PRGSWT
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | $2.4B | $1.1B | ||
| Q1 25 | $2.5B | $1.0B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.6B | $964.1M |
负债/权益比PRGSWT
| Q1 26 | — | — | ||
| Q4 25 | 2.93× | — | ||
| Q3 25 | 2.97× | — | ||
| Q2 25 | 3.22× | — | ||
| Q1 25 | 3.50× | — | ||
| Q4 24 | 3.48× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $18.0M |
| 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× | 0.44× |
| 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PRGSWT
| Q1 26 | — | $18.0M | ||
| Q4 25 | $62.8M | $147.9M | ||
| Q3 25 | $73.4M | $48.1M | ||
| Q2 25 | $30.0M | $38.8M | ||
| Q1 25 | $68.9M | $6.4M | ||
| Q4 24 | $19.7M | $113.5M | ||
| Q3 24 | $57.7M | $47.7M | ||
| Q2 24 | $63.7M | $32.2M |
自由现金流PRGSWT
| Q1 26 | — | — | ||
| Q4 25 | $59.9M | $147.7M | ||
| Q3 25 | $72.4M | $48.0M | ||
| Q2 25 | $29.5M | $38.7M | ||
| Q1 25 | $67.7M | $6.3M | ||
| Q4 24 | $16.8M | $113.3M | ||
| Q3 24 | $56.6M | $47.7M | ||
| Q2 24 | $62.7M | $32.2M |
自由现金流率PRGSWT
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 100.2% | ||
| Q3 25 | 29.0% | 38.2% | ||
| Q2 25 | 12.4% | 34.4% | ||
| Q1 25 | 28.4% | 5.9% | ||
| Q4 24 | 7.8% | 102.4% | ||
| Q3 24 | 31.7% | 42.1% | ||
| Q2 24 | 35.8% | 30.1% |
资本支出强度PRGSWT
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.2% | 0.1% | ||
| Q1 25 | 0.5% | 0.0% | ||
| Q4 24 | 1.3% | 0.1% | ||
| Q3 24 | 0.6% | 0.0% | ||
| Q2 24 | 0.5% | 0.0% |
现金转化率PRGSWT
| Q1 26 | — | 0.44× | ||
| Q4 25 | 2.44× | 3.70× | ||
| Q3 25 | 3.78× | 2.44× | ||
| Q2 25 | 1.76× | 1.57× | ||
| Q1 25 | 6.30× | 0.26× | ||
| Q4 24 | 17.13× | 4.15× | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 3.93× | 1.48× |
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% |
WT
| Advisory fees | $134.9M | 85% |
| Other | $6.1M | 4% |
| Third-party distribution fees | $5.8M | 4% |
| Management fees | $5.2M | 3% |
| Sales and business development | $4.2M | 3% |
| Professional fees | $3.3M | 2% |
