Last 46 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Progress Software Corporation's quarterly P/E stands at 17.5x, down 97.4% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 17.88 | 17.55 | 26.30 | 39.46 | 56.92 | 673.33 | 22.37 | 34.22 | 26.16 | 39.60 | 36.21 | 55.56 | 27.09 |
| — | -97.4% | +17.6% | +15.3% | +117.6% | +1600.2% | -38.2% | -38.4% | -3.5% | +60.4% | +50.5% | +203.6% | +13.1% | |
| P/S Ratio | 1.28 | 1.80 | 2.03 | 2.86 | 2.58 | 3.60 | 3.56 | 3.18 | 3.24 | 3.41 | 3.91 | 3.74 | 3.88 |
| — | -49.9% | -43.0% | -10.0% | -20.4% | +5.5% | -9.0% | -15.0% | -16.5% | -8.8% | +11.8% | +4.1% | +14.1% | |
| P/B Ratio | 2.73 | 3.81 | 4.24 | 6.00 | 5.68 | 7.05 | 5.97 | 5.54 | 5.18 | 5.25 | 6.15 | 6.37 | 6.16 |
| — | -45.9% | -29.1% | +8.3% | +9.6% | +34.2% | -2.9% | -13.0% | -15.9% | -11.0% | +6.7% | +10.9% | +15.2% | |
| P/FCF | 5.48 | 7.60 | 6.99 | 23.04 | 9.06 | 46.10 | 11.23 | 8.88 | 8.52 | 19.62 | 15.26 | 14.39 | 13.73 |
| — | -83.5% | -37.8% | +159.6% | +6.4% | +135.0% | -26.4% | -38.3% | -38.0% | +23.9% | +11.3% | +80.6% | +20.6% | |
| EV / EBITDA | 12.62 | — | 10.17 | 13.30 | 13.66 | 23.19 | 12.50 | 13.27 | 11.98 | 15.21 | 14.89 | 16.82 | 14.33 |
| — | — | -18.6% | +0.2% | +14.0% | +52.5% | -16.1% | -21.1% | -16.4% | +8.9% | +19.2% | +55.3% | +12.6% | |
| EV / EBIT | 13.13 | 16.28 | 19.20 | 27.01 | 30.40 | 49.00 | 19.02 | 26.26 | 21.25 | 34.39 | 28.65 | 36.29 | 22.91 |
| — | -66.8% | +1.0% | +2.9% | +43.1% | +42.5% | -33.6% | -27.6% | -7.2% | +56.9% | +43.3% | +129.7% | +11.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Progress Software Corporation's operating margin was 15.2% in Q4 2025, down 2.4 pp QoQ and up 5.2 pp YoY.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.8% | 81.6% | 81.0% | 80.1% | 80.6% | 83.0% | 83.7% | 81.7% | 82.2% | 81.0% | 81.2% | 81.1% | 84.0% |
| — | -1.7% | -3.3% | -2.0% | -2.0% | +2.5% | +3.1% | +0.8% | -2.1% | -4.8% | -3.6% | -3.4% | +0.1% | |
| Operating Margin | 15.7% | 15.2% | 17.6% | 16.3% | 13.6% | 10.0% | 22.6% | 15.5% | 19.0% | 12.7% | 16.8% | 12.9% | 21.7% |
| — | +51.8% | -22.2% | +4.9% | -28.1% | -21.5% | +34.5% | +20.0% | -12.5% | -34.3% | -20.7% | -52.2% | +6.7% | |
| Net Margin | 7.5% | 10.2% | 7.8% | 7.2% | 4.6% | 0.5% | 15.9% | 9.2% | 12.3% | 8.7% | 10.9% | 6.8% | 14.4% |
| — | +1809.5% | -51.2% | -22.4% | -62.5% | -93.8% | +46.0% | +36.3% | -15.0% | -42.6% | -24.3% | -65.3% | +2.1% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.9% | 5.4% | 4.2% | 3.9% | 2.5% | 0.3% | 6.9% | 3.7% | 4.9% | 3.4% | 4.4% | 2.9% | 5.8% |
| — | +1929.3% | -39.4% | +2.7% | -48.8% | -92.2% | +55.6% | +29.1% | -15.7% | -45.3% | -25.0% | -63.0% | +11.3% | |
| ROA | 2.9% | 1.1% | 0.8% | 0.7% | 0.4% | 0.1% | 1.8% | 1.0% | 1.4% | 1.0% | 1.2% | 0.7% | 1.5% |
| — | +1808.3% | -54.8% | -32.4% | -69.5% | -94.2% | +48.7% | +38.7% | -7.3% | -44.3% | -26.0% | -65.4% | +2.9% | |
| ROIC | 7.4% | 1.9% | 1.8% | 1.6% | 1.3% | 1.1% | 3.0% | 2.0% | 2.5% | 1.6% | 2.0% | 1.5% | 2.8% |
| — | +68.2% | -39.8% | -20.1% | -47.2% | -28.4% | +48.5% | +28.5% | -10.6% | -46.4% | -33.9% | -58.3% | +6.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 39.0% YoY to 0.49x, tightening the short-term liquidity position. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.78 | 1.78 | 3.04 | 3.29 | 3.54 | 3.56 | 1.91 | 2.03 | 1.54 | 1.63 | 1.75 | 1.94 | 2.03 |
| — | -50.0% | +59.0% | +62.4% | +129.7% | +119.0% | +8.9% | +4.3% | -24.0% | +1.1% | +0.0% | +11.8% | +14.9% | |
| Debt / EBITDA | 5.33 | — | 17.49 | 19.30 | 21.67 | 31.94 | 13.01 | 15.16 | 11.49 | 14.98 | 13.76 | 16.31 | 14.66 |
| — | — | +34.4% | +27.3% | +88.6% | +113.2% | -5.4% | -7.1% | -21.7% | +14.5% | +8.4% | +49.0% | +8.5% | |
| Current Ratio | 0.49 | 0.49 | 0.44 | 0.43 | 0.79 | 0.81 | 1.23 | 1.12 | 0.95 | 0.94 | 0.93 | 0.87 | 0.87 |
| — | -39.0% | -64.7% | -61.1% | -16.5% | -13.7% | +32.3% | +28.5% | +9.7% | -29.9% | -28.4% | -30.6% | -28.1% | |
| Quick Ratio | 0.49 | 0.49 | 0.44 | 0.43 | 0.79 | 0.81 | 1.23 | 1.12 | 0.95 | 0.94 | 0.93 | 0.87 | 0.87 |
| — | -39.0% | -64.7% | -61.1% | -16.5% | -13.7% | +32.3% | +28.5% | +9.7% | -29.9% | -28.4% | -30.6% | -28.1% | |
| Interest Coverage | 2.16 | 2.32 | 2.47 | 2.13 | 1.76 | 1.97 | 5.96 | 3.87 | 4.77 | 2.86 | 3.44 | 2.70 | 6.09 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Quick answers to the most common questions about buying PRGS stock.
Progress Software Corporation's current P/E is 17.9x. The average P/E over the last 4 quarters is 35.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Progress Software Corporation's current operating margin is 15.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Progress Software Corporation's business trajectory between earnings reports.