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Progress Software Corp
Progress Software Corp (PRGS) is listed on NASDAQ and classified in Software - Infrastructure, part of the Technology sector. It is headquartered in Burlington, United States and has 2,801 employees. The company is worth $1.88B and trades at 20.2x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $977.83M in fiscal 2025, up 29.8% from the year before. Net income was $73.13M. The share price is within 3% of its 52-week high. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $35M. In that quarter, 1 of them opened or added to the position and 3 reduced it. Over the last 30 days, company insiders sold $169.84K of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -15.7% over 5Y.
today you would have $826.79▼ -17.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $42.96 | $65.15 | $54.30 | $50.45 | $48.27 | $45.19 | $41.55 | $35.49 | $42.57 | $31.93 | $24.00 | $27.02 | $25.83 | $20.99 | $19.35 | $28.27 | $19.48 | $12.84 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 28.0 among peers in the sector.
Median P/E of 28.3 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| KAROKarooooo Ltd. | $60.38 | 31.1x | 8.6x | 2.48% | 29.19% | $1.87B |
| RUNSunrun Inc. | $7.70 | 5.1x | 0.5x | 0.00% | -19.86% | $1.84B |
| IMOSChipmos Technologies Inc | $55.46 | 29.7x | 2.5x | 1.37% | 9.35% | $1.93B |
| AIC3.ai, Inc. | $12.03 |
| P/E | 28.3x | 25.9x | 42.3x | 34.6x | 23.5x | 27.4x | 25.7x | 71.6x | 32.9x | 70.9x | — | — | 28.1x | 19.1x | 28.4x | 22.0x | 38.7x | 36.8x | 17.8x |
| P/S | 3.8x | 1.9x | 3.8x | 3.4x | 3.6x | 4.0x | 4.5x | 4.5x | 4.2x | 5.0x | 3.8x | 3.2x | 4.1x | 4.0x | 3.8x | 3.6x | 5.4x | 2.4x | 1.5x |
| P/B | 3.6x | 3.8x | 6.4x | 5.2x | 5.5x | 5.1x | 5.7x | 5.7x | 4.9x | 4.9x | 3.5x | 2.3x | 2.5x | 2.6x | 1.9x | 1.9x | 2.7x | 2.1x | 1.6x |
| EPS | $1.66 | $1.54 | $1.57 | $2.15 | $1.76 | $1.76 | $0.58 | $1.08 | $0.60 | -$1.13 | -$0.17 | $0.96 | $1.35 | $0.74 | $0.88 | $0.73 | $0.53 | $0.72 |
| Dividend yield | 1.39% | — | 0.81% | 1.29% | 1.39% | 1.45% | 1.48% | 1.52% | 1.62% | 1.21% | 0.39% | — | — | — | — | — | — | — | — |
| Payout | 42.18% | — | 34.09% | 44.59% | 32.56% | 39.77% | 38.07% | 108.62% | 53.24% | 85.83% | — | — | — | — | — | — | — | — | — |
| Profit margin | 11.61% | 7.48% | 9.08% | 10.11% | 15.79% | 14.76% | 18.03% | 6.39% | 13.11% | 7.30% | -13.75% | -2.33% | 14.87% | 22.43% | 14.94% | 17.87% | 13.68% | 6.63% | 8.98% |
| ROE | 9.58% | 15.29% | 15.60% | 15.27% | 23.86% | 19.01% | 23.04% | 7.99% | 15.33% | 7.18% | -12.59% | -1.68% | 9.10% | 14.58% | 7.43% | 9.54% | 6.97% | 5.87% | 9.62% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 3 families.
Room for errors in the reported numbers.
-3.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 2.8x |
| 0.00% |
| -59.77% |
| $1.93B |
| HIMXHimax Technologies, Inc. | $11.10 | 55.5x | 2.2x | 2.25% | 4.14% | $1.94B |
| AEHRAEHR Test Systems | $55.65 | — | 8.2x | 0.00% | -4.16% | $1.82B |