Progress Software Corporation: stock overview

PRGSNASDAQTechnology · Services-Prepackaged Software

Price

$43.78

November 13, 2026Market cap $1.8B

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  • The full history: 17 fiscal years, from FY2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
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In short

Progress Software had revenue of $1,000M over the last 12 months and net income of $92M, a net margin of 9.2%. Revenue grew by 17.2% a year on average over the last 5 years. At $43.78 the shares trade at a P/E of 20.0, against a median of 27.5 over the last 5 fiscal years. It has net debt of $1.1B. It pays no dividend.

From its SEC filings (latest fiscal year to November 30, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$1.8B
42.11M shares
P/E
20.0
Today20.0
Median27.5
Revenue, 12 months
$1,000M
+17.2% a year over 5 years
Net margin
9.2%
FY2025: 7.5%, above 66% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2023–FY2025 fiscal years

+18.7% a year over 2 years

  • FY2025Nov 30, 202510-K
    Revenue$978M
  • FY2024Nov 30, 202410-K
    Revenue$753M
  • FY2023Nov 30, 202310-K
    Revenue$694M

Fiscal years in figures

PRGS's revenue, profit, cash flow and dividend with each year-end price, from FY2009 to FY2022, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $2.4B
$1.8B
Enterprise value 
$3.0B
P/E 3-year median: 34.3
20.0
EV / EBIT 
16.8
EV / Revenue 
3.0
P/B 3-year median: 5.1
3.5
FCF yield 3-year median: 7.1%
17.3%
Earnings yield 3-year median: 2.9%
5.0%

Profitability

Gross margin 
82.2%
Operating margin 
17.7%
Net margin 3-year median: 9.1%
9.2%
ROIC 
8.0%
ROIC, 5-year average 
7.7%
ROE 
18.6%

Growth

Revenue, yearly change 
+29.8%
EPS, yearly change 
+7.8%
FCF, yearly change 
+11.2%
Revenue, average a year 
+17.2%
EPS, average a year 
-1.2%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$114M
Total debt 
$1.3B
Of which operating leases 
$32M
Net debt 
$1.1B
Net debt / EBITDA 
6.1x
Interest cover 
2.7x
Current ratio 
0.80

Balance sheet of August 31, 2026.

Returns to shareholders

Dividend yield 3-year median: 0.8%
0.00%
Buybacks 
5.70%
Total returned 
5.73%
Shares, yearly change 
-2.9%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 73).

Gross margin

80.8%

Above 90% of the 293 companies in its industry, and 96% of all.

Operating margin

15.7%

Above 79% of the 462 companies in its industry, and 76% of all.

Net margin

7.5%

Above 66% of the 473 companies in its industry, and 59% of all.

ROE

15.3%

Above 73% of the 398 companies in its industry, and 77% of all.

ROA

3.0%

Above 58% of the 462 companies in its industry, and 61% of all.

Revenue growth

29.8%

Above 89% of the 461 companies in its industry, and 89% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
PROGRESS SOFTWARE CORP /MA
CIK
876167
Exchange
NASDAQ
Industry (SIC)
7372 · Services-Prepackaged Software
Fiscal year ends
November 30
Latest annual report
November 30, 2025
Reporting currency
USD
Shares
42.11M

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The full analysis

What do Progress Software's filings show?

These are Progress Software's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about PRGS

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What is PRGS's market cap?

Progress Software Corporation's market cap is $1.8B, at a price of $43.78 on November 13, 2026 and 42.11M shares.

What is PRGS's P/E?

PRGS's P/E is 20.0, on earnings per share of $2.17 over the last 12 months. The median over the last 5 fiscal years was 27.5.

How much revenue does PRGS have?

Progress Software had revenue of $1,000M over the last 12 months. Over the last 5 years it changed by +17.2% a year on average.

Does PRGS pay a dividend?

No. Progress Software paid no regular dividend over the last 12 months.

Where do the figures come from?

From Progress Software Corporation's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.