Progress Software Corporation (PRGS)

Gross profit margin

		Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020
Gross profit (ttm)	US$ in thousands	622,927	587,811	580,262	581,729	567,862	558,151	543,499	523,816	507,517	492,969	492,897	471,285	452,864	437,970	405,582	388,528	380,036	372,154	363,084	359,344
Revenue (ttm)	US$ in thousands	753,409	715,418	711,724	714,898	694,439	674,596	650,821	621,317	602,013	585,014	581,214	554,955	531,313	513,570	475,852	453,747	442,150	436,803	433,820	433,432
Gross profit margin		82.68%	82.16%	81.53%	81.37%	81.77%	82.74%	83.51%	84.31%	84.30%	84.27%	84.80%	84.92%	85.23%	85.28%	85.23%	85.63%	85.95%	85.20%	83.69%	82.91%

November 30, 2024 calculation

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

Progress Software Corporation's gross profit margin has been relatively stable over the past few years, starting at 82.91% in February 2020 and peaking at 85.95% in November 2020. Since then, the gross profit margin has shown a slight decline, hovering around the mid-80% range.

The company's gross profit margin decreased to 81.77% in November 2023, after which it started to recover slightly, reaching 82.68% in November 2024. This suggests that Progress Software Corporation has been able to maintain a strong level of profitability despite some fluctuations in its gross profit margin.

Overall, the company's gross profit margin performance indicates that it has been effectively managing its cost of goods sold and generating a healthy level of gross profit relative to its revenue during the period under review. Continuing to monitor and potentially improve the gross profit margin will be essential for sustaining profitability in the future.