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Flags

Financial distress

Progress Software

NSQ:PRGS · US7433121008
SoftwareMedium

360

79
EV / EBIT93
Price / Owner Earnings75
Owner Earnings Yield98
Dividend Yield1
Price/Sales83
EV / Gross Profit88
Price/Book75
Return on Capital57
Cash Return on Capital67
Return on Equity78
EBIT Margin77
Gross Profitability50
Cash Conversion82
Accruals66
Owner Earnings Margin90
Sales growth25
Profit Growth58
Long-Term EPS Growth60
Owner Earnings Growth81
Reinvestment72
Price momentum10
Debt load19
Refinancing12
Debt Payback25
Liquidity51
Analyst ratings81
Opinion Changes50
Price Target Upside85
Market mood27
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Progress Software generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustrySoftware
SizeMedium
TypePublic Company
ExchangeNASDAQGS
Founded2015
Employees2,699
Websiteprogress.com
ISINUS7433121008
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)
Themes
DevSecOpsMachine LearningTeam CollaborationArtificial IntelligenceFile SharingProcess AutomationNetwork SecuritySoftware DevelopmentComputerEnterprise SoftwareInformation Technology

Description

Progress Software Corporation (‘Progress’) provides software products that enable its customers to develop, deploy, and manage responsible AI-powered applications and digital experiences with agility and ease. The company operates in North America,…

Analysis

Hidden champion

Progress Software Corporation is what we call a hidden champion: a strong business that the market is not pricing as one.

The price is attractive. You pay 5.8× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -11% yearly growth; analysts expect 5%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is stretched. The company scores 20/20 on our value-creation score: strong value creator.

What to watch: A large part of the company's book value is the price paid for past acquisitions. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
50
2023202420252026

All-time high

97

Jan 2023

All-time low

33

Jan 2025

Average rank

60

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
83
77
77
78
Price/Earnings
82
97
86
92
Price/Book
75
71
53
27
Dividend Yield
1
89
87
84
Value (overall)
86
93
94
89

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →