Progress Software (PRGS) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
753.4M
Gross Profit
622.9M
82.68%
Operating Income
157.2M
20.87%
Net Income
68.4M
9.08%
EPS (Diluted)
$1.54
Balance Sheet Metrics
Total Assets
2.5B
Total Liabilities
2.1B
Shareholders Equity
438.8M
Debt to Equity
4.76
Cash Flow Metrics
Operating Cash Flow
210.5M
Free Cash Flow
206.3M
Revenue & Profitability Trend
Progress Software Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 753.4M | 694.4M | 602.0M | 531.3M | 442.2M |
| Cost of Goods Sold | 130.5M | 126.6M | 94.5M | 78.4M | 62.1M |
| Gross Profit | 622.9M | 567.9M | 507.5M | 452.9M | 380.0M |
| Operating Expenses | 400.4M | 371.6M | 333.8M | 294.4M | 242.7M |
| Operating Income | 157.2M | 129.8M | 127.4M | 126.5M | 117.3M |
| Pre-tax Income | 94.3M | 79.7M | 117.3M | 95.5M | 96.6M |
| Income Tax | 25.8M | 9.5M | 22.2M | 17.1M | 16.9M |
| Net Income | 68.4M | 70.2M | 95.1M | 78.4M | 79.7M |
| EPS (Diluted) | $1.54 | $1.57 | $2.15 | $1.76 | $1.76 |
Income Statement Trend
Progress Software Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 368.8M | 330.8M | 426.1M | 337.8M | 238.9M |
| Non-Current Assets | 2.2B | 1.3B | 985.4M | 1.0B | 802.8M |
| Total Assets | 2.5B | 1.6B | 1.4B | 1.4B | 1.0B |
| Liabilities | |||||
| Current Liabilities | 455.1M | 352.1M | 318.0M | 322.9M | 262.5M |
| Non-Current Liabilities | 1.6B | 791.0M | 695.0M | 628.1M | 433.2M |
| Total Liabilities | 2.1B | 1.1B | 1.0B | 951.0M | 695.8M |
| Equity | |||||
| Total Shareholders Equity | 438.8M | 459.7M | 398.5M | 412.5M | 346.0M |
Balance Sheet Composition
Progress Software Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 68.4M | 70.2M | 95.1M | 78.4M | 79.7M |
| Operating Cash Flow | 210.5M | 174.0M | 202.3M | 181.1M | 144.5M |
| Investing Activities | |||||
| Capital Expenditures | -5.2M | -5.6M | 19.9M | -4.7M | -5.6M |
| Investing Cash Flow | -857.9M | -360.4M | 22.0M | -250.3M | -207.3M |
| Financing Activities | |||||
| Dividends Paid | -31.5M | -31.6M | -31.1M | -31.6M | -29.9M |
| Financing Cash Flow | 640.8M | -33.8M | -101.4M | 117.1M | -8.0M |
| Free Cash Flow | 206.3M | 168.4M | 186.1M | 173.9M | 138.3M |
Cash Flow Trend
Progress Software Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
50.84
Forward P/E
11.49
Price to Book
6.43
Price to Sales
3.44
PEG Ratio
11.49
Profitability Ratios
Profit Margin
7.03%
Operating Margin
17.93%
Return on Equity
12.70%
Return on Assets
5.01%
Financial Health
Current Ratio
0.80
Debt to Equity
354.41
Beta
0.67
Per Share Data
EPS (TTM)
$1.27
Book Value per Share
$10.04
Revenue per Share
$18.70
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| prgs | 2.8B | 50.84 | 6.43 | 12.70% | 7.03% | 354.41 |
| Microsoft | 3.6T | 36.91 | 11.04 | 33.61% | 35.79% | 32.63 |
| Oracle | 581.5B | 47.60 | 28.42 | 82.38% | 21.68% | 505.59 |
| Wix.com | 9.0B | 64.23 | -52.79 | -175.57% | 8.16% | -5.71 |
| Shift4 Payments | 8.2B | 32.04 | 8.00 | 29.87% | 6.50% | 283.66 |
| Dropbox | 7.8B | 18.89 | -7.75 | -60.11% | 18.50% | -2.80 |
Financial data is updated regularly. All figures are in the company's reporting currency.