Last 48 quarters of trend data · Technology · DevOps & Observability
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.53 | 21.03 | 16.41 | 19.75 | 17.55 | 26.30 | 39.46 | 56.92 | 673.33 | 22.37 | 34.22 | 26.16 | 39.60 | 36.21 | 55.56 | 27.09 | 24.69 | 24.07 | 18.30 | 23.96 | 36.70 |
| — | -20.0% | -58.4% | -65.3% | -97.4% | +17.6% | +15.3% | +117.6% | +1600.2% | -38.2% | -38.4% | -3.5% | +60.4% | +50.5% | +203.6% | +13.1% | -32.7% | +44.7% | -50.7% | -5.4% | +42.8% | |
| P/S Ratio | 1.78 | 1.95 | 1.38 | 1.81 | 1.80 | 2.03 | 2.86 | 2.58 | 3.60 | 3.56 | 3.18 | 3.24 | 3.41 | 3.91 | 3.74 | 3.88 | 3.74 | 3.50 | 3.59 | 3.40 | 3.88 |
| — | -3.7% | -51.9% | -29.9% | -49.9% | -43.0% | -10.0% | -20.4% | +5.5% | -9.0% | -15.0% | -16.5% | -8.8% | +11.8% | +4.1% | +14.1% | -3.5% | -0.5% | -11.2% | -13.2% | +4.9% | |
| P/B Ratio | 4.00 | 3.62 | 2.76 | 3.59 | 3.81 | 4.24 | 6.00 | 5.68 | 7.05 | 5.97 | 5.54 | 5.18 | 5.25 | 6.15 | 6.37 | 6.16 | 5.90 | 5.76 | 5.74 | 5.35 | 5.27 |
| — | -14.5% | -54.1% | -36.8% | -45.9% | -29.1% | +8.3% | +9.6% | +34.2% | -2.9% | -13.0% | -15.9% | -11.0% | +6.7% | +10.9% | +15.2% | +12.0% | +10.3% | +6.0% | -0.7% | +0.7% | |
| P/FCF | 5.59 | 5.56 | 4.53 | 4.66 | 7.60 | 6.99 | 23.04 | 9.06 | 46.10 | 11.23 | 8.88 | 8.52 | 19.62 | 15.26 | 14.39 | 13.73 | 15.83 | 13.71 | 7.96 | 11.39 | 12.93 |
| — | -20.5% | -80.3% | -48.5% | -83.5% | -37.8% | +159.6% | +6.4% | +135.0% | -26.4% | -38.3% | -38.0% | +23.9% | +11.3% | +80.6% | +20.6% | +22.4% | -8.4% | -13.6% | +4.4% | +13.3% | |
| EV / EBITDA | 7.78 | 9.25 | 7.81 | 7.47 | 8.68 | 10.17 | 13.30 | 13.66 | 23.19 | 12.50 | 13.27 | 11.98 | 15.21 | 14.89 | 16.82 | 14.33 | 13.97 | 12.49 | 10.83 | 12.72 | 18.53 |
| — | -9.0% | -41.3% | -45.3% | -62.6% | -18.6% | +0.2% | +14.0% | +52.5% | -16.1% | -21.1% | -16.4% | +8.9% | +19.2% | +55.3% | +12.6% | -24.6% | +29.3% | -31.0% | -8.7% | +6.4% | |
| EV / EBIT | 16.57 | 16.53 | 20.96 | 13.98 | 16.28 | 19.20 | 27.01 | 30.40 | 49.00 | 19.02 | 26.26 | 21.25 | 34.39 | 28.65 | 36.29 | 22.91 | 21.92 | 19.99 | 15.80 | 20.65 | 31.63 |
| — | -13.9% | -22.4% | -54.0% | -66.8% | +1.0% | +2.9% | +43.1% | +42.5% | -33.6% | -27.6% | -7.2% | +56.9% | +43.3% | +129.7% | +11.0% | -30.7% | +60.9% | -38.4% | +2.9% | +13.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.8% | 82.7% | 82.3% | 72.0% | 81.6% | 81.0% | 80.1% | 80.6% | 83.0% | 83.7% | 81.7% | 82.2% | 81.0% | 81.2% | 81.1% | 84.0% | 85.0% | 84.3% | 83.9% | 84.0% | 85.0% |
| — | +2.2% | +2.8% | -10.7% | -1.7% | -3.3% | -2.0% | -2.0% | +2.5% | +3.1% | +0.8% | -2.1% | -4.8% | -3.6% | -3.4% | +0.1% | +0.1% | -2.5% | -0.4% | -1.4% | -0.2% | |
| Operating Margin | 15.7% | 18.9% | 18.5% | 19.9% | 15.2% | 17.6% | 16.3% | 13.6% | 10.0% | 22.6% | 15.5% | 19.0% | 12.7% | 16.8% | 12.9% | 21.7% | 19.4% | 21.2% | 27.0% | 20.3% | 14.5% |
| — | +7.7% | +14.0% | +46.2% | +51.8% | -22.2% | +4.9% | -28.1% | -21.5% | +34.5% | +20.0% | -12.5% | -34.3% | -20.7% | -52.2% | +6.7% | +33.4% | -32.2% | +48.7% | -10.2% | -4.0% | |
| Net Margin | 7.5% | 9.3% | 8.3% | 9.2% | 10.2% | 7.8% | 7.2% | 4.6% | 0.5% | 15.9% | 9.2% | 12.3% | 8.7% | 10.9% | 6.8% | 14.4% | 15.1% | 14.4% | 19.6% | 14.1% | 10.7% |
| — | +19.1% | +15.9% | +100.2% | +1809.5% | -51.2% | -22.4% | -62.5% | -93.8% | +46.0% | +36.3% | -15.0% | -42.6% | -24.3% | -65.3% | +2.1% | +41.7% | -31.4% | +76.8% | -9.7% | -26.2% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.9% | 4.4% | 4.2% | 4.7% | 5.4% | 4.2% | 3.9% | 2.5% | 0.3% | 6.9% | 3.7% | 4.9% | 3.4% | 4.4% | 2.9% | 5.8% | 6.2% | 5.9% | 7.9% | 5.2% | 3.7% |
| — | +5.4% | +8.9% | +85.7% | +1929.3% | -39.4% | +2.7% | -48.8% | -92.2% | +55.6% | +29.1% | -15.7% | -45.3% | -25.0% | -63.0% | +11.3% | +67.9% | -27.4% | +108.3% | -3.5% | -25.4% | |
| ROA | 2.9% | 1.0% | 0.9% | 0.9% | 1.1% | 0.8% | 0.7% | 0.4% | 0.1% | 1.8% | 1.0% | 1.4% | 1.0% | 1.2% | 0.7% | 1.5% | 1.7% | 1.6% | 2.2% | 1.5% | 1.1% |
| — | +22.0% | +27.3% | +114.3% | +1808.3% | -54.8% | -32.4% | -69.5% | -94.2% | +48.7% | +38.7% | -7.3% | -44.3% | -26.0% | -65.4% | +2.9% | +52.0% | -34.5% | +79.8% | -17.9% | -37.2% | |
| ROIC | 7.4% | 2.0% | 2.4% | 3.0% | 1.9% | 1.8% | 1.6% | 1.3% | 1.1% | 3.0% | 2.0% | 2.5% | 1.6% | 2.0% | 1.5% | 2.8% | 2.9% | 3.0% | 3.7% | 2.6% | 2.1% |
| — | +14.1% | +50.0% | +127.4% | +68.2% | -39.8% | -20.1% | -47.2% | -28.4% | +48.5% | +28.5% | -10.6% | -46.4% | -33.9% | -58.3% | +6.4% | +39.1% | -46.4% | +37.6% | -17.2% | -15.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.78 | 2.39 | 2.62 | 1.74 | 1.78 | 3.04 | 3.29 | 3.54 | 3.56 | 1.91 | 2.03 | 1.54 | 1.63 | 1.75 | 1.94 | 2.03 | 1.61 | 1.75 | 1.74 | 1.77 | 1.43 |
| — | -21.4% | -20.3% | -50.8% | -50.0% | +59.0% | +62.4% | +129.7% | +119.0% | +8.9% | +4.3% | -24.0% | +1.1% | +0.0% | +11.8% | +14.9% | +12.1% | +17.1% | +6.2% | +56.3% | +19.1% | |
| Debt / EBITDA | 2.79 | 15.25 | 15.82 | 10.21 | 11.46 | 17.49 | 19.30 | 21.67 | 31.94 | 13.01 | 15.16 | 11.49 | 14.98 | 13.76 | 16.31 | 14.66 | 13.09 | 12.69 | 10.95 | 13.52 | 16.79 |
| — | -12.8% | -18.0% | -52.9% | -64.1% | +34.4% | +27.3% | +88.6% | +113.2% | -5.4% | -7.1% | -21.7% | +14.5% | +8.4% | +49.0% | +8.5% | -22.1% | +26.4% | -35.2% | +33.3% | +23.2% | |
| Current Ratio | 0.49 | 0.80 | 0.81 | 0.47 | 0.49 | 0.44 | 0.43 | 0.79 | 0.81 | 1.23 | 1.12 | 0.95 | 0.94 | 0.93 | 0.87 | 0.87 | 1.34 | 1.30 | 1.25 | 1.21 | 1.05 |
| — | +82.6% | +86.3% | -40.9% | -39.0% | -64.7% | -61.1% | -16.5% | -13.7% | +32.3% | +28.5% | +9.7% | -29.9% | -28.4% | -30.6% | -28.1% | +28.1% | -30.5% | -29.3% | +34.1% | +14.9% | |
| Quick Ratio | 0.49 | 0.80 | 0.81 | 0.47 | 0.49 | 0.44 | 0.43 | 0.79 | 0.81 | 1.23 | 1.12 | 0.95 | 0.94 | 0.93 | 0.87 | 0.87 | 1.34 | 1.30 | 1.25 | 1.21 | 1.05 |
| — | +82.6% | +86.3% | -40.9% | -39.0% | -64.7% | -61.1% | -16.5% | -13.7% | +32.3% | +28.5% | +9.7% | -29.9% | -28.4% | -30.6% | -28.1% | +28.1% | -30.5% | -29.3% | +34.1% | +14.9% | |
| Interest Coverage | 2.15 | 2.75 | 1.96 | 2.99 | 2.39 | 2.48 | 2.10 | 1.72 | 2.12 | 6.07 | 3.87 | 4.76 | 2.80 | 3.46 | 2.72 | 6.12 | 7.06 | 7.90 | 11.08 | 8.01 | 3.21 |
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Includes 30+ ratios · 48 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 19.5x. The average P/E over the last 4 quarters is 18.7x. 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.