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Progress Software PRGS Return on invested capital

Return on invested capital at other companies

International Business Machines logo
International Business MachinesIBM
13.2%+4.1pp
Microsoft logo
MicrosoftMSFT
26.7%-1.2pp
Oracle logo
OracleORCL
30.6%+13.6pp
Broadcom Inc. logo
Broadcom Inc.AVGO
23.5%+8.3pp
EPAM Systems logo
EPAM SystemsEPAM
14.7%-3.7pp
ROP
Roper Technologies, Inc.ROP
6.6%+0.3pp

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.

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 return on invested capital?
Progress Software (PRGS) reported return on invested capital of 12.3% in Q4 2025.
How has Progress Software's return on invested capital changed year-over-year?
Progress Software's return on invested capital increased by 23.2% year-over-year, from 10% to 12.3%.
What is the long-term trend for Progress Software's return on invested capital?
Over 5 years (2020 to 2025), Progress Software's return on invested capital has grown at a -6.8% compound annual growth rate (CAGR), from 15.5% to 10.9%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.