The Progressive Corporation

PGR Financial Insurance Property & Casualty

The Progressive Corporation’s revenue for fiscal 2025 (year ended December 2025) was $87.7 billion, up 16.3% from fiscal 2024.

Revenue
−3.61%
EPS
−1.80%
Free cash flow
−14.3%
Total debt
+21.7%

Quarter to September 2026, against a year earlier

228.57 4.61 −1.98%
Market cap
$135.1B
P/E
11.5×
Fwd P/E
12.4×
Dividend yield
6.08%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

The Progressive Corporation (PGR) Free cash flow

Alert me on Free cash flow

The Progressive Corporation's free cash flow for fiscal 2025 was $17.3B, up 15.9% from $14.9B in fiscal 2024. Over the twelve months to 30 September 2026 it was $15.3B. Over the past ten years it has ranged from $2.2B (fiscal 2015) to $17.3B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 3 consecutive fiscal years. The Progressive Corporation ranks 2nd of 45 Insurance Property & Casualty companies by free cash flow.

Free cash flow, annual

Embed this chart

Annual newest first

Period Free cash flow Change
FY2025 $17.3B 15.89%
FY2024 $14.9B 42.85%
FY2023 $10.4B 58.34%
FY2022 $6.6B (13.08%)
FY2021 $7.6B 13.13%
FY2020 $6.7B 12.65%
FY2019 $6.0B (1.27%)
FY2018 $6.0B 66.69%
FY2017 $3.6B 43.29%
FY2016 $2.5B 16.16%

Quarterly newest first

Period Free cash flow Change
Sep 2026 $4.4B 26.42%
Jun 2026 $3.5B (19.18%)
Mar 2026 $4.3B 41.16%
Dec 2025 $3.1B (40.57%)
43 more quarters

Against its own ten years

Low $2.2B High $17.3B
Ten-year median $6.6B
Current reading's percentile 100

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)

The full definition of Free cash flow →

More on PGR