Progress Software vs Rubrik
Rubrik reported revenue of $1.3 billion in fiscal 2026, 1.3 times Progress Software's $978 million in fiscal 2025. Progress Software's revenue grew 29.8% in its latest year, and Rubrik's grew 48.5%. Progress Software had an operating margin of 15.7%, against -26.2% at Rubrik. Free cash flow was $229 million at Progress Software and $253 million at Rubrik. Their fiscal years end in different months (November 30 and January 31), so the periods don't line up exactly.
Side by side
| Progress Software | Rubrik | |
|---|---|---|
| Latest fiscal year | FY2025, Nov 30, 2025 | FY2026, Jan 31, 2026 |
| Revenue | $978M | $1.3B |
| Revenue growth | 29.8% | 48.5% |
| Revenue growth a year, last 5 years | 17.2% | — |
| Gross margin | 80.8% | 80.1% |
| Operating margin | 15.7% | −26.2% |
| Net margin | 7.5% | −26.5% |
| Free cash flow | $229M | $253M |
| Free cash flow margin | 23.5% | 19.2% |
| Return on capital | 7.6% | — |
| Net debt to EBITDA | 8.2x | — |
| Dividends and buybacks | $106M | $0M |
| Change in diluted share count | −0.9% | 27.3% |
| Last close | $43.50 | $105.75 |
| P/E at the last close | 20.0× | — |
| Insider trades, last 12 months | sold $2.4 million | bought $502,220, sold $75.6 million |
| Piotroski F-score | 5 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ 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
Progress SoftwareRubrik
Operating margin
Percent of revenue
Progress SoftwareRubrik
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Progress SoftwareRubrik
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 Progress Software and Rubrik pages.