Progress Software Net Income vs. Current Valuation

PRGS Stock

USD 27.74 0.41 1.50%

Based on the measurements of profitability obtained from Progress Software's financial statements, Progress Software's profitability may be sliding down. It has an above-average chance of reporting lower numbers next quarter. Profitability indicators assess Progress Software's ability to earn profits and add value for shareholders.

Net Income

First Reported

1989-02-28

Previous Quarter

19.4 M

Current Value

25.7 M

Quarterly Volatility

10.6 M

Macro event markers

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Interest Hikes

Based on recent performance metrics, Price To Sales Ratio is expected to edge lower. A year ago, Progress Software reported Price To Sales Ratio at 1.66. As of March 27, 2026, EV To Sales is estimated to increase to 2.38, while Operating Cash Flow Sales Ratio is moving lower toward 0.18. Year-over-year analysis suggests Operating Income is positioned to increase noticeably. The prior-year reading for Operating Income was 176.28 Million. As of March 27, 2026, Net Income is estimated to increase to approximately 88.3 M, while Income Before Tax is moving lower toward slightly above 53.1 M. Gross Profit is projected to change by approximately 4.76% year over year. Last year, Progress Software recorded Gross Profit of 908.79 Million. As of March 27, 2026, Pretax Profit Margin is estimated to increase to 0.14, while Operating Profit Margin is moving lower toward 0.11.

Current Value

Last Year

Change From Last Year

10 Year Trend

Gross Profit Margin

0.61

0.73

Fairly Down

Pretty Stable

Profitability ratios for Progress Software measure how effectively resources convert into earnings. Profitability figures are compiled from income statement and balance sheet data.

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Revenue by Earning Segment

Progress Software reports income from 2 product segments. Progress Software's revenue is anchored by Maintenance and Services (187.46 Million, 74.2%), followed by Software Licenses (65.21 Million, 25.8%). With the top segment exceeding 60% of revenue, Progress Software's earnings are heavily concentrated in a single product line.

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For more detail on Progress Stock please use our How to Invest in Progress Stock guide.Progress Software earnings estimates reflect the collective view of covering analysts, with revisions signaling changing fundamentals. Consensus places Progress Software's next EPS at 1.40, with a 1.37 to 1.46 dispersion range. The consensus EPS view for Progress Software usually references EPS before non-recurring items. These estimates can include stock-based compensation expense.

Macro event markers

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Interest Hikes

Progress Software consensus EPS is set at 1.4049 for the 31st of May 2026 reporting period. All figures reflect reported accounting data across periods..

Earnings Segment Revenue Breakdown for Progress Software Snapshot

The breakdown below shows how Progress Software's revenue is split across product segments for the most recent reporting period. Software Licenses rounds out the mix at 25.8%, representing Progress Software's smallest reported product line.

Earnings estimates are a standard input for assessing forward-looking performance context. These figures serve as informational inputs within a broader research framework.

Quarterly Earnings Growth

21.357

Earnings Share

1.66

Revenue Per Share

22.742

Quarterly Revenue Growth

0.175

Return On Assets

0.0438

The market value of Progress Software is measured differently than book value, which reflects Progress accounting equity. Progress Software's market capitalization is 1.17 B. Progress Software P/B of 2.75 shows the market assigns a modest premium over accounting equity. Enterprise value stands at 2.65 B. Intrinsic value reflects what Progress Software's fundamentals imply about worth, which may differ from both price and book figure.

Value and price for Progress Software are related but not identical, and they can diverge across cycles. All figures are based on reported data and are informational in nature.

Progress Software Current Valuation vs. Net Income Fundamental Analysis

Comparative market metrics assess Progress Software's pricing relative to peers.

Progress Software maintains a second standing in net income relative to competitors. It also maintains a second standing in current valuation relative to competitors yielding 36.26 of Current Valuation per Net Income. Recent disclosures position Net Income within an advancing cycle. A year ago, Progress Software reported Net Income at 84.1 Million. Comparative pricing ratios position Progress Software within industry norms.

Progress Current Valuation vs. Net Income

Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Progress Software

Net Income

(Rev + Gain)

-

(Exp + Loss)

73.13 M

Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.

Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account all liquid assets, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Progress Software

Enterprise Value

Market Cap + Debt

-

Cash

2.65 B

Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.

Progress Current Valuation vs Competition

Progress Software maintains a second standing in current valuation relative to competitors. After adjusting for long-term liabilities, total market size of Information Technology industry is at this time estimated at about 19.25 Billion. Progress Software retains roughly 2.65 Billion in current valuation claiming about 14% of equities under Information Technology sector.

Valuation Total debt Revenue Capitalization Workforce

Progress Software Profitability Projections

A key trait of a strong company is its ability to earn a profit, and for Progress Software investors this matters a lot. A rising profit trend for Progress Software is broadly seen as positive, while a falling one raises concerns. Progress Software currently maintains a profit margin of 7.5%. Profits that lean heavily on non-core items may not last in the long run. The operating margin stands at 17.2% while return on equity is 16.0%.

	Last Reported	End Of Year Estimate
Accumulated Other Comprehensive Income	-29.8 M	-31.3 M
Operating Income	176.3 M	185.1 M
Income Before Tax	93.9 M	53.1 M
Total Other Income Expense Net	-64.5 M	-61.3 M
Net Income	84.1 M	88.3 M
Income Tax Expense	9.8 M	16.1 M
Net Income Applicable To Common Shares	109.3 M	114.8 M
Net Income From Continuing Ops	84.1 M	52 M
Non Operating Income Net Other	822.6 K	863.7 K
Interest Income	2 M	1.9 M
Net Interest Income	-62.2 M	-59.1 M
Change To Netincome	12.6 M	17.9 M
Net Income Per Share	1.53	1.61
Income Quality	2.89	3.04
Net Income Per E B T	0.81	0.54

Progress Profitability Driver Comparison

The profitability drivers of Progress Software are key factors that directly shape its earnings trajectory. Unforeseen disruptions remain a persistent factor that could significantly affect Progress Software's earnings and value.

Earnings Estimation Breakdown

For Progress Software, the next projected earnings per share is 1.4049 based on current analyst consensus. The range of individual analyst forecasts runs from 1.37 to 1.46, reflecting varying views on Progress Software's near-term business performance. Consensus EPS excludes non-recurring items and is calculated from trailing twelve-month operating results.

Last Reported EPS

0.0

1.37

Lowest

Expected EPS

1.4049

1.46

Highest

Earnings Projection Consensus

If consensus earnings estimates imply a fair value above Progress Software's current price, the market may be discounting future earnings more aggressively than analysts. If the market price is ahead of the estimate, the implied premium may require strong execution to sustain. These valuation signals are best used as one input within a multi-method investment framework.

Number of Analysts	Historical Accuracy	Last Reported EPS		Estimated EPS for 31st of May 2026	Current EPS (TTM)
6	87.36%	0.0		1.4049	1.66

Earnings per Share Projection vs Actual

For Progress Software, actual EPS provides a historical record of per-share profitability that investors use to identify trends. Expected EPS for Progress Software projects this figure forward using guidance, industry dynamics, and financial analysis. The higher Progress Software's EPS trajectory, the stronger its implied earnings quality relative to peers.

Estimated Months Earnings per Share

Investors seeking income from Progress Software should track EPS trends alongside dividend history to assess payout sustainability. EPS that outpaces dividend growth signals expanding coverage; EPS that lags dividend growth raises cut risk. Always complement EPS analysis with a review of operating leverage, working capital trends, and competitive positioning.

Quarterly Analyst Estimates and Surprise Metrics

EPS surprise events for Progress Software's have historically correlated with short-term return outliers - both upside and downside. The post-earnings drift effect means that initial surprise reactions can persist over subsequent trading sessions. Analyst estimates contributing to consensus are derived from fundamental models trained on trailing performance and management guidance.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
null	null	null	null	null	0
2026-01-20	2025-11-30	1.31	1.51	0.2	15
2025-09-29	2025-08-31	1.3	1.5	0.2	15
2025-06-23	2025-05-31	1.2999	1.4	0.1001	7
2025-03-24	2025-02-28	1.0565	1.31	0.2535	23
2025-01-14	2024-11-30	1.2149	1.33	0.1151	9
2024-09-24	2024-08-31	1.14	1.26	0.12	10
2024-06-25	2024-05-31	0.95	1.09	0.14	14
2024-03-26	2024-02-29	1.14	1.25	0.11	9
2024-01-16	2023-11-30	0.91	1.02	0.11	12
2023-09-26	2023-08-31	1	1.08	0.08	8
2023-06-29	2023-05-31	0.9	1.06	0.16	17
2023-03-28	2023-02-28	1.05	1.19	0.14	13
2023-01-17	2022-11-30	1.09	1.12	0.03	2
2022-09-27	2022-08-31	0.97	1.0	0.03	3
2022-06-28	2022-05-31	0.95	1.04	0.09	9
2022-03-29	2022-02-28	0.85	0.97	0.12	14
2022-01-18	2021-11-30	0.74	0.92	0.18	24
2021-09-23	2021-08-31	0.82	1.18	0.36	43
2021-06-24	2021-05-31	0.73	0.82	0.09	12
2021-03-25	2021-02-28	0.75	0.95	0.2	26
2021-01-14	2020-11-30	0.78	0.91	0.13	16
2020-09-29	2020-08-31	0.77	0.78	0.01	1
2020-06-25	2020-05-31	0.64	0.63	-0.01	1
2020-03-26	2020-02-29	0.7	0.76	0.06	8
2020-01-16	2019-11-30	0.75	0.79	0.04	5
2019-09-26	2019-08-31	0.68	0.75	0.07	10
2019-06-27	2019-05-31	0.57	0.65	0.08	14
2019-03-28	2019-02-28	0.47	0.5	0.03	6
2019-01-17	2018-11-30	0.73	0.76	0.03	4
2018-09-27	2018-08-31	0.58	0.6	0.02	3
2018-06-27	2018-05-31	0.53	0.6	0.07	13
2018-03-28	2018-02-28	0.47	0.54	0.07	14
2018-01-10	2017-11-30	0.61	0.67	0.06	9
2017-09-27	2017-08-31	0.46	0.48	0.02	4
2017-06-28	2017-05-31	0.37	0.42	0.05	13
2017-03-29	2017-02-28	0.26	0.34	0.08	30
2017-01-16	2016-11-30	0.56	0.62	0.06	10
2016-09-28	2016-08-31	0.45	0.44	-0.01	2
2016-06-29	2016-05-31	0.28	0.33	0.05	17
2016-03-30	2016-02-29	0.28	0.27	-0.01	3
2016-01-12	2015-11-30	0.49	0.53	0.04	8
2015-10-01	2015-08-31	0.37	0.39	0.02	5
2015-07-01	2015-05-31	0.31	0.35	0.04	12
2015-04-01	2015-02-28	0.24	0.29	0.05	20
2015-01-13	2014-11-30	0.45	0.47	0.02	4
2014-09-25	2014-08-31	0.33	0.39	0.06	18
2014-06-26	2014-05-31	0.34	0.37	0.03	8
2014-03-27	2014-02-28	0.28	0.28	0.0	0
2014-01-09	2013-11-30	0.41	0.43	0.02	4
2013-09-25	2013-08-31	0.24	0.27	0.03	12
2013-06-26	2013-05-31	0.22	0.27	0.05	22
2013-03-27	2013-02-28	0.24	0.23	-0.01	4
2013-01-03	2012-11-30	0.34	0.23	-0.11	32
2012-09-26	2012-08-31	0.24	0.31	0.07	29
2012-06-27	2012-05-31	0.17	0.21	0.04	23
2012-03-28	2012-02-29	0.25	0.28	0.03	12
2012-01-03	2011-11-30	0.33	0.34	0.01	3
2011-09-27	2011-08-31	0.28	0.31	0.03	10
2011-06-28	2011-05-31	0.38	0.38	0.0	0
2011-03-28	2011-02-28	0.42	0.42	0.0	0
2010-12-21	2010-11-30	0.44	0.47	0.03	6
2010-09-21	2010-08-31	0.36	0.37	0.01	2
2010-06-22	2010-05-31	0.35	0.39	0.04	11
2010-03-23	2010-02-28	0.31	0.35	0.04	12
2009-12-22	2009-11-30	0.37	0.41	0.04	10
2009-09-22	2009-08-31	0.26	0.27	0.01	3
2009-06-18	2009-05-31	0.25	0.26	0.01	4
2009-03-19	2009-02-28	0.26	0.26	0.0	0
2008-12-18	2008-11-30	0.37	0.39	0.02	5
2008-09-18	2008-08-31	0.3	0.3	0.0	0
2008-06-19	2008-05-31	0.3	0.31	0.01	3
2008-03-20	2008-02-29	0.28	0.28	0.0	0
2007-12-20	2007-11-30	0.35	0.36	0.01	2
2007-09-20	2007-08-31	0.29	0.29	0.0	0
2007-06-19	2007-05-31	0.27	0.27	0.0	0
2007-03-20	2007-02-28	0.23	0.25	0.02	8
2006-12-20	2006-11-30	0.27	0.21	-0.06	22
2006-09-19	2006-08-31	0.24	0.23	-0.01	4
2006-06-19	2006-05-31	0.23	0.23	0.0	0
2006-03-21	2006-02-28	0.2	0.21	0.01	5
2005-12-20	2005-11-30	0.25	0.25	0.0	0
2005-09-20	2005-08-31	0.21	0.23	0.02	9
2005-06-16	2005-05-31	0.2	0.23	0.03	15
2005-03-17	2005-02-28	0.15	0.18	0.03	20
2004-12-21	2004-11-30	0.2	0.21	0.01	5
2004-09-16	2004-08-31	0.16	0.17	0.01	6
2004-06-17	2004-05-31	0.15	0.16	0.01	6
2004-03-16	2004-02-29	0.11	0.13	0.02	18
2003-12-17	2003-11-30	0.15	0.15	0.0	0
2003-09-16	2003-08-31	0.12	0.13	0.01	8
2003-06-17	2003-05-31	0.12	0.12	0.0	0
2003-03-18	2003-02-28	0.06	0.08	0.02	33
2002-12-17	2002-11-30	0.12	0.13	0.01	8
2002-09-17	2002-08-31	0.09	0.09	0.0	0
2002-06-18	2002-05-31	0.11	0.11	0.0	0
2002-03-19	2002-02-28	0.04	0.04	0.0	0
2001-12-18	2001-11-30	0.09	0.09	0.0	0
2001-09-18	2001-08-31	0.08	0.09	0.01	12
2001-06-19	2001-05-31	0.13	0.1	-0.03	23
2001-03-20	2001-02-28	0.04	0.03	-0.01	25
2000-12-19	2000-11-30	0.17	0.14	-0.03	17
2000-09-19	2000-08-31	0.12	0.12	0.0	0
2000-06-14	2000-05-31	0.16	0.16	0.0	0
2000-03-15	2000-02-29	0.14	0.15	0.01	7
1999-12-17	1999-11-30	0.17	0.2	0.03	17
1999-09-15	1999-08-31	0.13	0.14	0.01	7
1999-06-16	1999-05-31	0.13	0.13	0.0	0
1999-03-17	1999-02-28	0.09	0.14	0.05	55
1998-12-18	1998-11-30	0.13	0.14	0.01	7
1998-06-17	1998-05-31	0.07	0.09	0.02	28
1998-03-18	1998-02-28	0.05	0.06	0.01	20
1997-12-19	1997-11-30	0.06	0.07	0.01	16
1997-09-17	1997-08-31	0.03	0.04	0.01	33
1997-06-20	1997-05-31	0.04	0.04	0.0	0
1997-03-21	1997-02-28	0	0.03	0.03	0
1996-12-20	1996-11-30	0.01	0.01	0.0	0
null	null	null	null	null	0
null	null	null	null	null	0
1996-03-26	1996-02-29	0.08	0.07	-0.01	12
1996-01-04	1995-11-30	0.1	0.1	0.0	0
1995-09-25	1995-08-31	0.07	0.07	0.0	0
1995-06-23	1995-05-31	0.07	0.08	0.01	14
1995-03-27	1995-02-28	0.06	0.07	0.01	16
1995-01-16	1994-11-30	0.08	0.08	0.0	0

Use Progress Software in pair-trading

Pair analysis around Progress Software matters because it can turn one security idea into a more market-neutral structure. Used properly, pair trading is less about prediction in isolation and more about identifying relative mispricing between related positions.

Progress Software Pair Trading

Progress Software Pair Trading Analysis

Identifying assets closely correlated with Progress Software is essential for tax-loss harvesting strategies. The wash-sale rule prohibits repurchasing Progress Software within 30 days of a loss sale.

The correlation coefficient for Progress Software quantifies co-movement strength on a scale from -1 to +1. Holding two assets with correlation close to +1 alongside Progress Software offers minimal diversification value.

Progress Software's hedging context can be framed through Correlation analysis and pair-based evaluation.

Pair Correlation Correlation Matching

Use Investing Themes to Complement your Progress Software position

With 1.17 Billion market cap in the Software—Application industry, Progress Software works well as a smaller-cap core holding around which broader thematic baskets can be built. For Progress Software in Software—Application, the theme workflow defines the investment thesis first, then optimizes which Technology assets best express that view at the smaller-cap level.

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Broad Equity ETFs

ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Equity ETFs theme has 559 constituents at this time.

The Broad Equity ETFs Theme can be deployed as a buy-and-hold allocation or traded actively around individual position volatility.

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	Net Income vs Return On Equity
	Return On Asset vs Current Valuation
	Net Income vs Profit Margin
	Operating Margin vs Current Valuation
	Net Income vs Shares Outstanding
	Shares Owned By Insiders vs Current Valuation
	Net Income vs Shares Owned By Institutions
	Number Of Shares Shorted vs Current Valuation
	Net Income vs Price To Earning
	Price To Book vs Current Valuation
	Net Income vs Price To Sales
	Revenue vs Current Valuation
	Net Income vs Gross Profit
	EBITDA vs Current Valuation
	Net Income vs Cash And Equivalents

Progress Software Net Income vs. Current Valuation

Revenue by Earning Segment

Earnings Segment Revenue Breakdown for Progress Software Snapshot

Progress Software Current Valuation vs. Net Income Fundamental Analysis

Progress Current Valuation vs. Net Income

Progress Software

Net Income

(Rev + Gain)

-

(Exp + Loss)

Progress Software

Enterprise Value

Market Cap + Debt

-

Cash

Progress Current Valuation vs Competition

Progress Software Profitability Projections

Progress Profitability Driver Comparison

Earnings Estimation Breakdown

Earnings Projection Consensus

Earnings per Share Projection vs Actual

Estimated Months Earnings per Share

Quarterly Analyst Estimates and Surprise Metrics

Use Progress Software in pair-trading

Progress Software Pair Trading

Progress Software Pair Trading Analysis

Use Investing Themes to Complement your Progress Software position

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