UiPath vs Progress Software
UiPath reported revenue of $1.6 billion in fiscal 2026, 1.6 times Progress Software's $978 million in fiscal 2025. UiPath's revenue grew 12.7% in its latest year, and Progress Software's grew 29.8%. UiPath had an operating margin of 3.5%, against 15.7% at Progress Software. Free cash flow was $352 million at UiPath and $229 million at Progress Software. Their fiscal years end in different months (January 31 and November 30), so the periods don't line up exactly.
Side by side
| UiPath | Progress Software | |
|---|---|---|
| Latest fiscal year | FY2026, Jan 31, 2026 | FY2025, Nov 30, 2025 |
| Revenue | $1.6B | $978M |
| Revenue growth | 12.7% | 29.8% |
| Revenue growth a year, last 5 years | 21.5% | 17.2% |
| Gross margin | 83.2% | 80.8% |
| Operating margin | 3.5% | 15.7% |
| Net margin | 17.5% | 7.5% |
| Free cash flow | $352M | $229M |
| Free cash flow margin | 21.9% | 23.5% |
| Return on capital | 13.7% | 7.6% |
| Net debt to EBITDA | −20.0x | 8.2x |
| Dividends and buybacks | $329M | $106M |
| Change in diluted share count | −2.7% | −0.9% |
| Last close | $13.00 | $43.50 |
| P/E at the last close | 19.4× | 20.0× |
| Insider trades, last 12 months | sold $85.4 million | sold $2.4 million |
| Piotroski F-score | 7 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
UiPathProgress Software
Operating margin
Percent of revenue
UiPathProgress Software
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
UiPathProgress Software
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the UiPath and Progress Software pages.