Progress Software vs Clear Secure
Progress Software and Clear Secure are similar in size: $978m and $901m of revenue in their latest fiscal years. Progress Software grew faster (29.8% against 16.9%). Clear Secure kept more of each dollar of sales as profit: a net margin of 12.1% against 7.5%. Clear Secure carries less debt relative to equity (0.0% against 292.7%).
| Latest fiscal year | Progress SoftwarePRGS, 2025 | Clear SecureYOU, 2025 |
|---|---|---|
| Revenue | $978m | $901m |
| Revenue growth | 29.8% | 16.9% |
| Net income | $73.1m | $109m |
| Operating margin | 15.7% | 20.7% |
| Net margin | 7.5% | 12.1% |
| Return on equity | 15.9% | 58.1% |
| Free cash flow | $229m | $343m |
| Cash | $94.8m | $85.7m |
| Total debt | $1.40bn | $0 |
| Debt to equity | 292.7% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 0.0% | 1.1% |
| Share buybacks | $105m | $126m |
| Employees | — | 3,301 |
| Market value | $1.82bn | $4.88bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 64 (Moderate) | 43 (Weak) |
| Insider trades, 12 months | 0 buys, 18 sales | 0 buys, 78 sales |