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
+3.02%
EPS
−1.80%
Free cash flow
−14.3%
Total debt
+21.7%

Quarter to September 2026, against a year earlier

228.34 4.84 −2.08%
Market cap
$135.1B
P/E
11.7×
Fwd P/E
12.4×
Dividend yield
5.96%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

The Progressive Corporation (PGR) Price to free cash flow

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As of 5 November 2026, The Progressive Corporation (PGR) trades at a price to free cash flow of 8.9×. Over the past ten years it has ranged from 5.6× (January 2019) to 13.3× (April 2023); the current reading is higher than 59% of that period. That is above the Insurance Property & Casualty industry median of 8.0× and below the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 7.7× (17.88%)
FY2024 9.4× 3.88%
FY2023 9.1× (21.50%)
FY2022 11.5× 45.84%
FY2021 7.9× (8.30%)
FY2020 8.6× 21.49%
FY2019 7.1× 21.83%
FY2018 5.8× (34.44%)
FY2017 8.9× 8.57%
FY2016 8.2× (4.44%)

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 7.9× (0.89%)
Jun 2026 8.0× 13.04%
Mar 2026 7.0× (8.94%)
Dec 2025 7.7× (8.61%)
43 more quarters

Against its own ten years

Low 5.6× High 13.3×
Ten-year median 8.6×
Current reading's percentile 59

Price to free cash flow against peers

Company Price to free cash flow
ALL The Allstate Corporation compare 5.3×
TRV The Travelers Companies, Inc. compare 7.8×
CB Chubb Limited compare 8.0×
PGR The Progressive Corporation 8.9×
AIZ Assurant, Inc. compare 9.1×
CINF Cincinnati Financial Corporation compare 9.4×
WRB W.R. Berkley Corporation compare 9.8×
L Loews Corporation compare 13.4×
MKL Markel Group Inc. compare 13.4×
Insurance Property & Casualty industry median 8.0×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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