Progress Software (PRGS) EV to FCF (2010 - 2026)
Progress Software's (PRGS) EV to FCF stood at 4.11 in fiscal Q2 2026 (quarter ended May 31, 2026), down 72.6% from 14.96 a year earlier and down 35.8% from the prior quarter.
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Analysis
Progress Software (PRGS) EV to FCF (2010 - 2026) Analysis & Trends
On a TTM basis, Progress Software's EV to FCF came in at 3.10 as of May 31, 2026, down 74.5% year-over-year; for FY2025 (ended Nov 30, 2025), it was 7.23, down 47.7% from FY2024.
- Across earlier fiscal years, EV to FCF came in at 13.81 in FY2024 (+4.1%), 13.26 in FY2023 (+20.3%), 11.02 in FY2022 (-3.3%) and 11.40 in FY2021 (-5.5%).
- The fiscal Q2 2026 figure is the lowest quarterly EV to FCF in data going back to fiscal Q3 2010.
- On a year-over-year basis, EV to FCF has declined for four consecutive quarters, with an average decline of 16.9% over the last eight quarters.
- Peak year-over-year performance for EV to FCF in the last five years was growth of 56.7% in fiscal Q2 2025, against a decline of 72.6% in fiscal Q2 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 6.40 (Q1 2026), 7.23 (Q4 2025) and 10.13 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn |
| 10 | Progress Software | 1.64 Bn | 1.21 Bn | 203.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 5.58 |
| May 31, 2026 | 4.11 |
| Feb 28, 2026 | 6.40 |
| Nov 30, 2025 | 7.23 |
| Aug 31, 2025 | 10.13 |
| May 31, 2025 | 14.96 |
| Feb 28, 2025 | 10.93 |
| Nov 30, 2024 | 13.81 |
| Aug 31, 2024 | 10.27 |
| May 31, 2024 | 9.55 |
| Feb 29, 2024 | 11.44 |
| Nov 30, 2023 | 13.26 |
| Aug 31, 2023 | 14.38 |
| May 31, 2023 | 14.70 |
| Feb 28, 2023 | 12.50 |
| Nov 30, 2022 | 11.02 |
| Aug 31, 2022 | 9.66 |
| May 31, 2022 | 10.02 |
| Feb 28, 2022 | 10.11 |
| Nov 30, 2021 | 11.40 |
API Access
Progress Software EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "PRGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();