The Progressive Corporation PGR
- Market cap
- $117.7B
- P/E
- 10.3×
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The Progressive Corporation (PGR) Return on invested capital
The Progressive Corporation's return on invested capital over the twelve months to 30 June 2026 was 23.0%, down 2.4 percentage points from fiscal 2025 (25.4%). Over the past ten years it has ranged from 4.21% (fiscal 2022) to 25.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Insurance Property & Casualty industry median of 12.1% and above the Financial sector median of 4.85%.
Return on invested capital, annual
Annual
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 25.4% | 3.22 |
| FY2024 | 22.2% | 9.36 |
| FY2023 | 12.8% | 8.60 |
| FY2022 | 4.21% | (8.62) |
| FY2021 | 12.8% | (8.46) |
| FY2020 | 21.3% | 1.85 |
| FY2019 | 19.4% | 5.05 |
| FY2018 | 14.4% | 2.08 |
| FY2017 | 12.3% | 2.39 |
| FY2016 | 9.92% | (3.82) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| ALL The Allstate Corporation compare | 25.9% |
| PGR The Progressive Corporation | 23.0% |
| CINF Cincinnati Financial Corporation compare | 16.7% |
| TRV The Travelers Companies, Inc. compare | 16.2% |
| WRB W.R. Berkley Corporation compare | 15.7% |
| AIZ Assurant, Inc. compare | 12.6% |
| MKL Markel Group Inc. compare | 10.0% |
| CB Chubb Limited compare | 9.52% |
| L Loews Corporation compare | 6.03% |
| Insurance Property & Casualty industry median | 12.1% |
| Financial sector median | 4.85% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on PGR
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement