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PROGRESS SOFTWARE CORP /MA PRGS

Nasdaq · stock · Services-Prepackaged Software · website · IPO 1991-07-30

PROGRESS SOFTWARE CORP /MA statistics & valuation

Market cap$1.4B
P / E19.1×
P / S1.4×
P / B2.9×
P / FCF6.1×
Dividend yield0.06%
Net margin7.5%
Return on equity15.3%
FCF margin23.5%
Net debt$1.3B
Net debt / EBITDA8.2×
Enterprise value USD$2.7B
EV / EBITDA16.9×
Earnings yield EBIT/EV5.7%
Return on capital9.3%
Graham number -53.8%$20.15

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($20.15); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-13.70% 7.30% 13.10% 6.40% 18.00% 14.80% 15.80% 10.10% 9.10% 7.50% 2016201720182019202020212022202320242025
Gross margin (%)
83.80% 80.50% 82.30% 81.80% 86.00% 85.20% 84.30% 81.80% 82.70% 80.80% 2016201720182019202020212022202320242025
Operating margin (%)
-7.30% 14.50% 17.90% 9.70% 24.40% 21.90% 21.90% 15.90% 16.50% 15.70% 2016201720182019202020212022202320242025
Return on equity (%)
-12.60% 7.20% 15.30% 8.00% 23.00% 19.00% 23.90% 15.30% 15.60% 15.30% 2016201720182019202020212022202320242025
Shares outstanding
49.5M 48.5M 46.1M 45.3M 45.3M 44.6M 44.2M 44.7M 44.4M 44.0M 2016201720182019202020212022202320242025
Net debt ($)
$1.5M -$9.7M $12.4M $143.0M $286.5M $379.1M $355.6M $583.9M $1.41B $1.31B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-7.40% 4.00% 7.70% 3.00% 7.70% 5.80% 6.70% 4.40% 2.70% 3.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
23.90% 25.70% 30.10% 30.10% 31.30% 32.70% 30.90% 24.20% 27.40% 23.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.30× 0.31× 0.36× 0.90× 1.11× 1.30× 1.54× 1.55× 3.48× 2.93× 2016201720182019202020212022202320242025
EPS ($)
-$1.13 $0.60 $1.08 $0.58 $1.76 $1.76 $2.15 $1.57 $1.54 $1.66 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

PROGRESS SOFTWARE CORP /MA trades at about 26.3× earnings — below its 10-year norm (10-year range 23.5×–71.6×, median 32.9×).

23.5× 71.6×

Shaded band = 10-year range (23.5×–71.6×); dot = today's 26.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin80.8%82.7%81.8%84.3%85.2%86.0%81.8%82.3%80.5%83.8%
Operating margin15.7%16.5%15.9%21.9%21.9%24.4%9.7%17.9%14.5%-7.3%
Net margin7.5%9.1%10.1%15.8%14.8%18.0%6.4%13.1%7.3%-13.7%
FCF margin23.5%27.4%24.2%30.9%32.7%31.3%30.1%30.1%25.7%23.9%
Return on assets3.0%2.7%4.4%6.7%5.8%7.7%3.0%7.7%4.0%-7.4%
Return on equity15.3%15.6%15.3%23.9%19.0%23.0%8.0%15.3%7.2%-12.6%
Debt / equity2.93×3.48×1.55×1.54×1.30×1.11×0.90×0.36×0.31×0.30×
Current ratio0.490.810.941.341.050.911.181.241.271.65

Computed from company filings · US · as of 2025-11-30. Facts plus Stocktoria's own computed scores — not investment advice.