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Progress Software PRGS Operating margin

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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
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.

Based on trailing twelve months.

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 operating margin?
Progress Software (PRGS) reported operating margin of 16.9% in Q4 2025.
How has Progress Software's operating margin changed year-over-year?
Progress Software's operating margin increased by 12.6% year-over-year, from 15.1% to 16.9%.
What is the long-term trend for Progress Software's operating margin?
Over 5 years (2020 to 2025), Progress Software's operating margin has grown at a -8.4% compound annual growth rate (CAGR), from 24.4% to 15.7%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.