Progress Software vs Workiva
Progress Software and Workiva are similar in size: $978m and $885m of revenue in their latest fiscal years. Progress Software grew faster (29.8% against 19.7%). Progress Software kept more of each dollar of sales as profit: a net margin of 7.5% against -3.0%.
| Latest fiscal year | Progress SoftwarePRGS, 2025 | WorkivaWK, 2025 |
|---|---|---|
| Revenue | $978m | $885m |
| Revenue growth | 29.8% | 19.7% |
| Net income | $73.1m | −$26.2m |
| Operating margin | 15.7% | -4.8% |
| Net margin | 7.5% | -3.0% |
| Return on equity | 15.9% | — |
| Free cash flow | $229m | $138m |
| Cash | $94.8m | $339m |
| Total debt | $1.40bn | $767m |
| Debt to equity | 292.7% | — |
| Dividend per share | — | — |
| Dividend yield | 0.0% | — |
| Share buybacks | $105m | $71.6m |
| Employees | — | 2,860 |
| Market value | $1.82bn | $4.74bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 64 (Moderate) | 50 (Moderate) |
| Insider trades, 12 months | 0 buys, 18 sales | 0 buys, 6 sales |