The Progressive Corporation PGR

Financial — Insurance Property & Casualty

205.50 3.33 1.65% as of 25 Sep

Market cap: $117.7B
P/E: 10.3×

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S&P 500 Member Cash Flow Champion (3y) Revenue Champion (10y)

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Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	20.07	20.35	13.56	10.72	10.19	18.04	109.36	24.49	16.59	11.81
P/S ratio Full definition →	0.88	1.20	1.10	1.08	1.36	1.26	1.53	1.52	1.86	1.52
P/FCF ratio Full definition →	8.19	8.89	5.83	7.10	8.63	7.91	11.54	9.06	9.41	7.73
P/Operating CF Full definition →	45.23	60.25	32.43	37.46	37.38	132.71	81.80	38.79	46.64	42.12
P/B ratio Full definition →	2.60	3.46	3.40	3.21	3.50	3.38	4.94	4.78	5.48	4.40
Price to Tangible BV Full definition →	2.92	3.80	3.67	3.38	3.63	3.49	5.04	4.85	5.55	4.45
EV/Sales Full definition →	1.01	1.31	1.23	1.19	1.48	1.36	1.66	1.63	1.95	1.60
EV/EBITDA Full definition →	11.78	12.80	10.43	7.88	7.85	12.50	46.51	17.25	12.54	9.20
EV/Operating CF Full definition →	8.63	9.37	6.28	7.42	9.15	8.34	12.00	9.52	9.72	7.99
EV/FCF Full definition →	9.35	9.73	6.55	7.80	9.42	8.53	12.47	9.71	9.86	8.12
Quick Ratio Full definition →	0.30	0.31	0.30	0.30	0.30	0.30	0.31	0.28	0.26	0.23
Current Ratio Full definition →	0.30	0.31	0.30	0.30	0.30	0.30	0.31	0.28	0.26	0.23
Net Debt/EBITDA Full definition →	1.46	1.10	1.14	0.71	0.66	0.91	3.49	1.16	0.58	0.44
Debt/Assets Full definition →	9.42%	8.54%	9.46%	8.03%	8.42%	6.89%	8.47%	7.77%	6.52%	5.61%
Debt/Equity Full definition →	0.40	0.36	0.41	0.32	0.32	0.27	0.40	0.34	0.27	0.23
Asset Turnover Full definition →	0.74	0.74	0.75	0.77	0.72	0.71	0.68	0.76	0.78	0.77
Operating CF/Net income Full definition →	2.65	2.36	2.42	1.59	1.22	2.34	9.85	2.75	1.79	1.55
Capex/Depreciation Full definition →	(0.75)	(0.44)	(0.86)	(0.91)	(0.47)	(0.38)	(0.91)	(0.63)	(0.82)	(1.42)
Interest Coverage Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ROE Full definition →	13.52%	18.47%	26.45%	33.55%	38.20%	19.39%	4.19%	21.97%	37.30%	40.45%
ROA Full definition →	3.26%	4.41%	6.08%	7.77%	9.54%	4.92%	0.95%	4.71%	8.71%	9.89%
ROIC Full definition →	9.92%	12.31%	14.39%	19.44%	21.29%	12.83%	4.21%	12.81%	22.17%	25.39%
Return on Tangible Assets Full definition →	(7.40%)	(9.72%)	(12.51%)	(16.32%)	(20.28%)	(10.35%)	(1.95%)	(8.89%)	(15.91%)	(17.28%)
Average Days of Receivables Full definition →	99.56	104.66	104.93	101.83	104.21	110.03	119.55	100.21	92.66	80.96
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets out of Total Assets Full definition →	0.03	0.02	0.02	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.36%	0.36%	0.24%	0.23%	0.21%	0.21%	0.25%	0.19%	0.16%	0.15%
Graham Net Nets Full definition →	(0.91)	(0.67)	(0.75)	(0.71)	(0.60)	(0.64)	(0.57)	(0.54)	(0.43)	(0.55)
Graham Number Full definition →	23.34	31.28	42.14	58.55	78.57	62.33	26.56	70.87	119.17	149.82
Earnings Yield Full definition →	4.98%	4.91%	7.38%	9.32%	9.81%	5.54%	0.91%	4.08%	6.03%	8.47%
Free Cash Flow Yield Full definition →	12.21%	11.25%	17.16%	14.08%	11.59%	12.64%	8.67%	11.04%	10.63%	12.94%
Revenue per Share Full definition →	40.30	46.21	54.91	66.84	72.93	81.61	84.89	106.19	128.73	149.53
Operating CF per Share Full definition →	4.70	6.47	10.79	10.73	11.81	13.28	11.72	18.20	25.82	29.93
Capex per Share Full definition →	(0.36)	(0.24)	(0.44)	(0.53)	(0.34)	(0.30)	(0.44)	(0.35)	(0.36)	(0.46)
Free Cash Flow per Share Full definition →	4.34	6.23	10.35	10.19	11.46	12.98	11.28	17.85	25.47	29.47
Cash per Share Full definition →	0.39	0.47	0.13	0.39	0.13	0.35	0.38	0.17	0.26	0.24
Shareholders Equity per Share Full definition →	13.68	15.99	18.58	23.42	29.13	31.19	27.19	34.67	43.71	51.72
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	13.68	15.99	18.58	23.42	29.13	31.19	27.19	34.67	43.71	51.72
Free Cash Flow Full definition →	2,523.90	3,616.40	6,028.20	5,951.40	6,704.00	7,584.40	6,592.00	10,438.00	14,911.00	17,280.00
Working Capital Full definition →	(15,106.80)	(17,500.20)	(21,865.60)	(25,373.00)	(29,097.60)	(33,266.90)	(36,715.80)	(44,373.00)	(53,973.00)	(66,236.00)
Capital Expenditures Full definition →	(208.80)	(140.40)	(256.60)	(310.20)	(201.60)	(177.30)	(257.00)	(205.00)	(208.00)	(268.00)
Net Current Asset Value Full definition →	(18,850.00)	(21,445.20)	(26,485.00)	(30,123.70)	(34,803.70)	(38,318.60)	(43,104.10)	(51,262.00)	(60,866.00)	(73,133.00)
EV/EBIT Full definition →	13.67	14.51	11.31	8.36	8.29	13.74	55.29	18.27	12.82	9.31
Capex to Sales Full definition →	0.01	0.01	0.01	0.01	0.00	0.00	0.01	0.00	0.00	0.00
Net Profit Margin Full definition →	4.40%	5.93%	8.11%	10.11%	13.31%	6.97%	1.40%	6.22%	11.23%	12.90%
Price to Operating Income Full definition →	11.97	13.26	10.07	7.61	7.59	12.75	51.15	17.04	12.23	8.86
Other line items
Depreciation/Fixed assets Full definition →	0.24	0.29	0.26	0.28	0.39	0.41	0.27	0.37	0.32	0.24
Cash ROIC Full definition →	13.73%	20.50%	33.68%	27.57%	25.76%	28.39%	25.84%	35.80%	43.90%	44.88%
Accounts Receivable Turnover Full definition →	3.95	3.81	3.79	3.89	3.70	3.59	3.24	3.73	4.17	4.55
Accounts Payable Turnover Full definition →	1.06	1.03	1.01	0.99	0.90	0.96	0.95	0.99	0.95	0.91
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	365.20	380.81	398.86	397.91	430.74	406.21	405.29	397.03	418.44	431.41
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	5,935.25	7,044.95	8,444.55	10,039.70	11,532.85	13,279.75	15,314.50	16,650.50	18,093.00	19,289.50
Average Payables Full definition →	20,487.50	23,599.30	28,302.60	33,810.20	38,920.10	44,601.30	50,517.35	57,355.35	67,393.00	79,540.00
Average Assets Full definition →	31,623.40	36,064.35	42,638.10	50,742.75	59,504.40	67,615.30	73,298.65	82,078.00	97,218.00	114,392.00
Average Common Equity Full definition →	7,623.25	8,620.95	9,806.35	11,753.60	14,862.00	17,141.20	16,567.40	17,590.05	22,687.00	27,957.00

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The Progressive Corporation PGR

The Progressive Corporation PGR

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