PRGS vs. SPNS

Last updated Apr 1, 2026

Compare and contrast key facts about Progress Software Corporation (PRGS) and Sapiens International Corporation N.V. (SPNS).

Performance

PRGS vs. SPNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Progress Software Corporation (PRGS) and Sapiens International Corporation N.V. (SPNS). The values are adjusted to include any dividend payments, if applicable.

PRGS vs. SPNS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRGS Progress Software Corporation	-40.29%	-34.06%	21.16%	8.94%	6.05%	8.44%	10.64%	18.95%	-15.41%	35.45%
SPNS Sapiens International Corporation N.V.	0.00%	65.98%	-5.58%	59.83%	-44.74%	13.83%	33.84%	111.05%	-2.63%	-18.30%

Fundamentals

Market Cap PRGS : $1.10B SPNS : $2.45B
EPS PRGS : $1.95 SPNS : $1.14
PE Ratio PRGS : 13.17 SPNS : 37.99
PEG Ratio PRGS : 36.47 SPNS : 2.06
PS Ratio PRGS : 1.13 SPNS : 4.33
PB Ratio PRGS : 2.20 SPNS : 4.78
Total Revenue (TTM) PRGS : $987.62M SPNS : $564.33M
Gross Profit (TTM) PRGS : $802.40M SPNS : $250.01M
EBITDA (TTM) PRGS : $136.06M SPNS : $93.46M

Returns By Period

PRGS

• 1D: -9.27%
• 1M: -38.75%
• YTD: -40.29%
• 6M: -41.61%
• 1Y: -50.20%
• 3Y*: -23.09%
• 5Y*: -9.80%
• 10Y*: 1.43%

SPNS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PRGS vs. SPNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRGS

PRGS Risk / Return Rank: 6
PRGS Sharpe Ratio Rank: 3
PRGS Sortino Ratio Rank: 4
PRGS Omega Ratio Rank: 4
PRGS Calmar Ratio Rank: 12
PRGS Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRGS vs. SPNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Progress Software Corporation (PRGS) and Sapiens International Corporation N.V. (SPNS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PRGS	SPNS	Difference
Sharpe ratio Return per unit of total volatility	-1.13	—	—
Sortino ratio Return per unit of downside risk	-1.73	—	—
Omega ratio Gain probability vs. loss probability	0.78	—	—
Calmar ratio Return relative to maximum drawdown	-0.83	—	—
Martin ratio Return relative to average drawdown	-1.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PRGS	SPNS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.13	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	—	—

Correlation

The correlation between PRGS and SPNS is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PRGS vs. SPNS - Dividend Comparison

PRGS has not paid dividends to shareholders, while SPNS's dividend yield for the trailing twelve months is around 1.52%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRGS Progress Software Corporation	0.00%	0.00%	0.81%	1.29%	1.39%	1.45%	1.48%	1.52%	1.62%	1.21%	0.39%	0.00%
SPNS Sapiens International Corporation N.V.	1.52%	1.52%	2.12%	1.76%	3.79%	1.07%	0.46%	0.96%	1.81%	1.74%	1.39%	4.41%

Drawdowns

Drawdown Indicators

	PRGS	SPNS	Difference
Max Drawdown Largest peak-to-trough decline	-67.33%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-60.33%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-63.30%	—	—
Current Drawdown Current decline from peak	-63.30%	—	—
Average Drawdown Average peak-to-trough decline	-23.37%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	30.14%	—	—

Volatility

Volatility by Period

	PRGS	SPNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.66%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.76%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.29%	—	—

Financials

PRGS vs. SPNS - Profitability Comparison

The chart below illustrates the profitability comparison between Progress Software Corporation and Sapiens International Corporation N.V. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PRGS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Progress Software Corporation reported a gross profit of 203.94M and revenue of 247.80M. Therefore, the gross margin over that period was 82.3%.

SPNS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sapiens International Corporation N.V. reported a gross profit of 67.31M and revenue of 152.32M. Therefore, the gross margin over that period was 44.2%.

PRGS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Progress Software Corporation reported an operating income of 46.47M and revenue of 247.80M, resulting in an operating margin of 18.8%.

SPNS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sapiens International Corporation N.V. reported an operating income of 17.76M and revenue of 152.32M, resulting in an operating margin of 11.7%.

PRGS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Progress Software Corporation reported a net income of 22.81M and revenue of 247.80M, resulting in a net margin of 9.2%.

SPNS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sapiens International Corporation N.V. reported a net income of 14.30M and revenue of 152.32M, resulting in a net margin of 9.4%.