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

229.38 3.80 −1.63%
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) P/S ratio

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As of 5 November 2026, The Progressive Corporation (PGR) trades at a P/S ratio of 1.5×. Over the past ten years it has ranged from 0.8× (February 2015) to 2.3× (March 2025); the current reading is higher than 75% of that period. That is above the Insurance Property & Casualty industry median of 1.3× and below the Financial sector median of 2.3×.

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× (6.14%)
Jun 2026 1.4× 7.77%
Mar 2026 1.3× (14.78%)
Dec 2025 1.5× (10.41%)
43 more quarters

Against its own ten years

Low 0.8× High 2.3×
Ten-year median 1.3×
Current reading's percentile 73

P/S ratio against peers

Company P/S ratio
ALL The Allstate Corporation compare 1.0×
AIZ Assurant, Inc. compare 1.1×
L Loews Corporation compare 1.2×
PGR The Progressive Corporation 1.5×
MKL Markel Group Inc. compare 1.5×
TRV The Travelers Companies, Inc. compare 1.7×
WRB W.R. Berkley Corporation compare 2.0×
CINF Cincinnati Financial Corporation compare 2.2×
CB Chubb Limited compare 2.3×
Insurance Property & Casualty industry median 1.3×
Financial sector median 2.3×
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)

The full definition of P/S ratio →

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