Progress Software Corporation

PRGS

$44.61

+2.95%

N/A+$1.28

Technology

Software - Infrastructure

NASDAQ

Active Trading

Progress Software Corporation (PRGS) specializes in providing technology solutions that enable businesses to create, launch, and oversee their software applications. The company's ...

Key Metrics of PRGS

Snapshot

Latest / TTM · 6 periods

Market Cap

$1.83B

ROCE

9.3%

EV / EBITDA

10.64x

-0.0% YoY

FCF Yield

16.7%

+4.0% YoY

Cash Conversion Cycle

44.6d

Current Ratio

0.81

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Key Metrics

Latest / TTM · 6 periods

Valuation trend

Valuation trend table

Metric	2021	2022	2023	2024	2025	TTM
Market CapTotal market value of all shares outstanding.	$2.13B	$2.32B	$2.34B	$2.96B	$1.80B	$1.83B
Enterprise ValueCompany value including debt and cash adjustments.	$2.56B	$2.70B	$2.96B	$4.40B	$2.56B	$3.05B
EV / SalesHow many dollars investors pay per dollar of sales.	4.83x	4.49x	4.26x	5.84x	2.62x	3.04x
EV / EBITDAValuation multiple versus operating earnings before non-cash charges.	15.21x	13.01x	13.86x	19.20x	16.13x	10.64x
Net Debt / EBITDALeverage ratio using net debt divided by EBITDA.	2.59	1.85	2.90	6.30	4.76	4.26

Returns + ROCE gauge

ROCE latest

9.3%

Prev year 9.3%

Returns + ROCE gauge table

Metric	2021	2022	2023	2024	2025	TTM
ROEProfit generated from shareholders' equity.	19.0%	23.9%	15.3%	15.6%	15.3%	18.2%
ROAProfit generated from total assets.	5.8%	6.7%	4.4%	2.7%	3.0%	3.8%
ROICReturn generated on invested operating capital.	9.4%	10.5%	8.1%	4.6%	9.0%	7.4%
ROCEOperating return on long-term capital used.	11.2%	12.1%	8.8%	6.0%	9.3%	9.3%
Earnings YieldEarnings as a percentage of market value.	3.7%	4.1%	3.0%	2.3%	4.1%	4.7%

Cash flow quality

Cash flow quality table

Metric	2021	2022	2023	2024	2025	TTM
FCFFCash flow available to all capital providers.	$190.33M	$198.87M	$195.47M	$229.53M	$292.96M	$359.38M
FCFECash flow available to equity holders after debt flows.	$406.66M	$186.67M	$271.48M	$1.00B	$99.48M	$135.22M
FCF YieldFree cash flow divided by market capitalization.	8.2%	8.0%	7.2%	7.0%	12.7%	16.7%
Income QualityHow well accounting earnings are backed by cash flow.	2.28	2.02	2.48	3.09	3.22	3.52
Capex / OCFShare of operating cash flow spent on capital expenditures.	2.6%	3.2%	3.2%	2.5%	2.4%	2.7%

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	TTM
DSOAverage days to collect cash from customers.	86.3d	77.0d	81.9d	96.0d	90.5d	64.2d
DIOAverage days inventory stays before being sold.	0.0d	0.0d	0.0d	0.0d	0.0d	0.0d
DPOAverage days the company takes to pay suppliers.	45.1d	35.9d	35.7d	38.9d	31.0d	19.6d
Operating CycleTime from buying inventory to collecting receivables.	86.3d	77.0d	81.9d	96.0d	90.5d	64.2d
Cash Conversion CycleNet days cash is tied in operations.	41.3d	41.1d	46.2d	57.1d	59.5d	44.6d