What is Progress Software's EV / EBITDA?

Progress Software (PRGS) reported EV / EBITDA of 17× in Q4 2025.

How has Progress Software's EV / EBITDA changed year-over-year?

Progress Software's EV / EBITDA decreased by 27.1% year-over-year, from 23.3× to 17×.

What is the long-term trend for Progress Software's EV / EBITDA?

Over 5 years (2020 to 2025), Progress Software's EV / EBITDA has grown at a 0.8% compound annual growth rate (CAGR), from 18.2× to 19×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

Progress Software PRGS EV / EBITDA

EV / EBITDA at other companies

International Business MachinesIBM

16.7×-7.1×

MicrosoftMSFT

14.5×-4.7×

OracleORCL

14.7×-8.9×

Broadcom Inc.AVGO

52.2×+13.1×

EPAM SystemsEPAM

9.9×-3.7×

ROP

Roper Technologies, Inc.ROP

14.6×-9.9×

Other financials

Income statement

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Revenue$247.8M+4.1%

Gross profit$203.9M+6.3%

Operating income$46.5M+43.3%

Net income$22.8M+108%

EPS (diluted)$0.53+121%

Balance sheet

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Cash & equivalents$113.2M-8.9%

Total debt$1.3B+76.4%

Total equity$498.8M+15.5%

Total assets$2.4B-2.7%

Cash flow

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Operating cash flow$98.6M+43.0%

CapEx$2.7M+110%

Free cash flow$95.9M+41.8%

Valuation

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Market cap$1.26B-53.2%

Enterprise value$2.44B-32.9%

P/E14.8×-31.9×

P/S1.3×-1.8×

Profitability

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Gross margin81.2%-0.9pp

Operating margin16.9%+1.9pp

Net margin8.6%+1.6pp

FCF margin26.1%+0.8pp

Returns & leverage

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Return on equity18.3%+5.6pp

Debt / equity2.6×+0.9×

Current ratio0.5×-0.3×

Where this comes from

Calculated from Progress Software’s reported figures.

enterprise value/ebitda=17×

Based on the most recent quarter.

The official record: Progress Software’s 10-Q, filed March 31, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progress Software's EV / EBITDA?: Progress Software (PRGS) reported EV / EBITDA of 17× in Q4 2025.
How has Progress Software's EV / EBITDA changed year-over-year?: Progress Software's EV / EBITDA decreased by 27.1% year-over-year, from 23.3× to 17×.
What is the long-term trend for Progress Software's EV / EBITDA?: Over 5 years (2020 to 2025), Progress Software's EV / EBITDA has grown at a 0.8% compound annual growth rate (CAGR), from 18.2× to 19×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.