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. In the quarter to September 2026, revenue fell 3.61%, EPS grew 4.80%, free cash flow fell 12.3% and total debt rose 21.7%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for three.
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The Progressive Corporation (PGR) P/S ratio
As of 16 October 2026, The Progressive Corporation (PGR) trades at a P/S ratio of 1.4×. Over the past ten years it has ranged from 0.8× (February 2015) to 2.3× (March 2025); the current reading is higher than 70% of that period. That is above the Insurance Property & Casualty industry median of 1.2× and below the Financial sector median of 2.2×.
P/S ratio, daily
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Annual newest first
| Period | P/S ratio | Change |
|---|---|---|
| FY2025 | 1.5× | (18.18%) |
| FY2024 | 1.9× | 22.29% |
| FY2023 | 1.5× | (0.71%) |
| FY2022 | 1.5× | 21.88% |
| FY2021 | 1.3× | (7.23%) |
| FY2020 | 1.4× | 25.19% |
| FY2019 | 1.1× | (1.43%) |
| FY2018 | 1.1× | (8.29%) |
| FY2017 | 1.2× | 35.87% |
| FY2016 | 0.9× | (1.24%) |
Quarterly newest first
| Period | P/S ratio | Change |
|---|---|---|
| Sep 2026 | 1.3× | (4.25%) |
| Jun 2026 | 1.4× | 7.77% |
| Mar 2026 | 1.3× | (14.78%) |
| Dec 2025 | 1.5× | (10.41%) |
| 43 more quarters | Free account |
Against its own ten years
P/S ratio against peers
| Company | P/S ratio |
|---|---|
| ALL The Allstate Corporation compare | 0.9× |
| AIZ Assurant, Inc. compare | 1.0× |
| L Loews Corporation compare | 1.2× |
| MKL Markel Group Inc. compare | 1.4× |
| PGR The Progressive Corporation | 1.4× |
| TRV The Travelers Companies, Inc. compare | 1.7× |
| CINF Cincinnati Financial Corporation compare | 1.9× |
| WRB W.R. Berkley Corporation compare | 2.0× |
| CB Chubb Limited compare | 2.3× |
| Insurance Property & Casualty industry median | 1.2× |
| Financial sector median | 2.2× |
| Market median | 1.9× |
What P/S ratio is
Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.
(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)
More on PGR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/B ratio
- Price to free cash flow
- 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
- Piotroski F-score
- The full statement