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

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The Progressive Corporation PGR

The Progressive Corporation PGR

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