The Progressive Corporation PGR
205.50
3.33
1.65%
as of 25 Sep
- Market cap
- $117.7B
- P/E
- 10.3×
Follow PGR
Indexes
indicate stock being part of an index,
Growth Flags
show if company had growth for consecutive years
The Progressive Corporation (PGR) Operating margin
The Progressive Corporation's operating margin over the twelve months to 30 June 2026 was 17.2%, up 0.0 percentage points from fiscal 2025 (17.2%). Over the past ten years it has ranged from 3.00% (fiscal 2022) to 17.9% (fiscal 2020); the current reading is higher than 91% of that period. That is above the Insurance Property & Casualty industry median of 15.1% and above the Financial sector median of 0.00%.
Operating margin, annual
Annual
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 17.2% | 1.97 |
| FY2024 | 15.2% | 6.28 |
| FY2023 | 8.93% | 5.93 |
| FY2022 | 3.00% | (6.87) |
| FY2021 | 9.87% | (7.98) |
| FY2020 | 17.9% | 3.62 |
| FY2019 | 14.2% | 3.32 |
| FY2018 | 10.9% | 1.87 |
| FY2017 | 9.04% | 1.68 |
| FY2016 | 7.36% | (2.94) |
Quarterly
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 18.9% | 1.89 |
| Mar 2026 | 17.0% | (0.08) |
| Dec 2025 | 17.1% | 1.33 |
| Sep 2025 | 15.8% | (3.32) |
| 42 more quarters | Free account |
Against its own ten years
Low 3.00%
High 17.9%
Ten-year median
10.3%
Current reading's percentile
91
Operating margin against peers
| Company | Operating margin |
|---|---|
| CINF Cincinnati Financial Corporation compare | 30.2% |
| CB Chubb Limited compare | 24.6% |
| ALL The Allstate Corporation compare | 23.8% |
| TRV The Travelers Companies, Inc. compare | 22.0% |
| MKL Markel Group Inc. compare | 18.6% |
| PGR The Progressive Corporation | 17.2% |
| WRB W.R. Berkley Corporation compare | 17.0% |
| L Loews Corporation compare | 14.7% |
| AIZ Assurant, Inc. compare | 10.7% |
| Insurance Property & Casualty industry median | 15.1% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on PGR
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement