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Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include United States, Canada, EMEA, Latin America, and Asia Pacific.
2015
2.8K+
LTM Revenue $858M
LTM EBITDA $349M
$4.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Progress Software has a last 12-month revenue (LTM) of $858M and a last 12-month EBITDA of $349M.
In the most recent fiscal year, Progress Software achieved revenue of $753M and an EBITDA of $229M.
Progress Software expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Progress Software valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $858M | XXX | $753M | XXX | XXX | XXX |
| Gross Profit | $727M | XXX | $623M | XXX | XXX | XXX |
| Gross Margin | 85% | XXX | 83% | XXX | XXX | XXX |
| EBITDA | $349M | XXX | $229M | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 30% | XXX | XXX | XXX |
| EBIT | $332M | XXX | $157M | XXX | XXX | XXX |
| EBIT Margin | 39% | XXX | 21% | XXX | XXX | XXX |
| Net Profit | $229M | XXX | $68.4M | XXX | XXX | XXX |
| Net Margin | 27% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $1.4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Progress Software's stock price is $62.
Progress Software has current market cap of $2.6B, and EV of $4.1B.
See Progress Software trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.1B | $2.6B | XXX | XXX | XXX | XXX | $5.11 |
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Start Free TrialAs of May 30, 2025, Progress Software has market cap of $2.6B and EV of $4.1B.
Progress Software's trades at 5.3x EV/Revenue multiple, and 16.7x EV/EBITDA.
Equity research analysts estimate Progress Software's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Progress Software has a P/E ratio of 11.6x.
See valuation multiples for Progress Software and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.6B | XXX | $2.6B | XXX | XXX | XXX |
| EV (current) | $4.1B | XXX | $4.1B | XXX | XXX | XXX |
| EV/Revenue | 4.7x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBITDA | 11.6x | XXX | 16.7x | XXX | XXX | XXX |
| EV/EBIT | 12.2x | XXX | 23.2x | XXX | XXX | XXX |
| EV/Gross Profit | 5.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 11.6x | XXX | 32.1x | XXX | XXX | XXX |
| EV/FCF | 18.5x | XXX | 19.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialProgress Software's last 12 month revenue growth is 14%
Progress Software's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Progress Software's rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Progress Software's rule of X is 75% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Progress Software and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 34% | XXX | XXX | XXX |
| Rule of 40 | 44% | XXX | 45% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 75% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 19% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 62% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| archTIS | XXX | XXX | XXX | XXX | XXX | XXX |
| FirstWave | XXX | XXX | XXX | XXX | XXX | XXX |
| Prophecy International | XXX | XXX | XXX | XXX | XXX | XXX |
| Qoria | XXX | XXX | XXX | XXX | XXX | XXX |
| Quick Heal | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Progress Software acquired XXX companies to date.
Last acquisition by Progress Software was XXXXXXXX, XXXXX XXXXX XXXXXX . Progress Software acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Progress Software founded? | Progress Software was founded in 2015. |
| Where is Progress Software headquartered? | Progress Software is headquartered in United States of America. |
| How many employees does Progress Software have? | As of today, Progress Software has 2.8K+ employees. |
| Who is the CEO of Progress Software? | Progress Software's CEO is Mr. Yogesh K. Gupta. |
| Is Progress Software publicy listed? | Yes, Progress Software is a public company listed on NAS. |
| What is the stock symbol of Progress Software? | Progress Software trades under PRGS ticker. |
| When did Progress Software go public? | Progress Software went public in 1991. |
| Who are competitors of Progress Software? | Similar companies to Progress Software include e.g. archTIS, FirstWave, Prophecy International, Qoria. |
| What is the current market cap of Progress Software? | Progress Software's current market cap is $2.6B |
| What is the current revenue of Progress Software? | Progress Software's last 12 months revenue is $858M. |
| What is the current revenue growth of Progress Software? | Progress Software revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Progress Software? | Current revenue multiple of Progress Software is 4.7x. |
| Is Progress Software profitable? | Yes, Progress Software is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Progress Software? | Progress Software's last 12 months EBITDA is $349M. |
| What is Progress Software's EBITDA margin? | Progress Software's last 12 months EBITDA margin is 41%. |
| What is the current EV/EBITDA multiple of Progress Software? | Current EBITDA multiple of Progress Software is 11.6x. |
| What is the current FCF of Progress Software? | Progress Software's last 12 months FCF is $220M. |
| What is Progress Software's FCF margin? | Progress Software's last 12 months FCF margin is 26%. |
| What is the current EV/FCF multiple of Progress Software? | Current FCF multiple of Progress Software is 18.5x. |
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