Progress Software Corporation (PRGS)

Gross profit margin

Nov 30, 2024 Nov 30, 2023 Nov 30, 2022 Nov 30, 2021 Nov 30, 2020
Gross profit US$ in thousands 622,927 567,862 507,517 452,864 380,036
Revenue US$ in thousands 753,409 694,439 602,013 531,313 442,150
Gross profit margin 82.68% 81.77% 84.30% 85.23% 85.95%

November 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $622,927K ÷ $753,409K
= 82.68%

Progress Software Corporation has demonstrated a consistently high gross profit margin over the past five years. The gross profit margin decreased slightly from 85.95% in November 30, 2020, to 82.68% in November 30, 2024. Despite this decline, the company's gross profit margin remains robust, indicating strong pricing power and efficient cost management. It is important to closely monitor any further fluctuations in the gross profit margin to assess the company's ability to maintain profitability in the long term.