Progressive Financial Statements From 2010 to 2026

PGR Stock  USD 205.45  2.92  1.40%   
Progressive Corp's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Progressive Corp's valuation are provided below:
Gross Profit
16.3 B
Profit Margin
0.129
Market Capitalization
120.4 B
Enterprise Value Revenue
1.4703
Revenue
87.6 B
There are over one hundred nineteen available trending fundamental ratios for Progressive Corp, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to check out Progressive Corp's recent fundamental performance against the performance between 2010 and 2026 to make sure the trends are evolving in the right direction. As of 02/13/2026, Market Cap is likely to grow to about 11.7 B. Also, Enterprise Value is likely to grow to about 13.8 B

Progressive Corp Total Revenue

83.9 Billion

Check Progressive Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Progressive Corp's main balance sheet or income statement drivers, such as Interest Expense of 267.8 M, Total Revenue of 83.9 B or Gross Profit of 25.8 B, as well as many indicators such as Price To Sales Ratio of 1.51, Dividend Yield of 0.0154 or PTB Ratio of 30.8. Progressive financial statements analysis is a perfect complement when working with Progressive Corp Valuation or Volatility modules.
  
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Progressive Corp Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets95.6 B91.1 B52.4 B
Slightly volatile
Short and Long Term Debt Total8.3 B7.9 B4.7 B
Slightly volatile
Total Stockholder Equity6.6 B4.6 B10.7 B
Slightly volatile
Net Debt8.2 B7.8 B4.2 B
Slightly volatile
Retained Earnings29.3 B27.9 B11.4 B
Slightly volatile
Non Current Assets Total99.5 B94.8 B35 B
Slightly volatile
Common Stock Shares Outstanding618.9 M588.2 M607.5 M
Slightly volatile
Liabilities And Stockholders Equity95.6 B91.1 B52.4 B
Slightly volatile
Non Current Liabilities Total90.8 B86.5 B29.5 B
Slightly volatile
Other Stockholder Equity3.7 B3.6 B1.7 B
Slightly volatile
Total Liabilities90.8 B86.5 B41.8 B
Slightly volatile
Property Plant And Equipment Net773.9 M908.5 M948.5 M
Pretty Stable
Net Receivables17.2 B16.4 B9.2 B
Slightly volatile
Total Current Assets114.7 B109.2 B37.6 B
Slightly volatile
Cash93.8 M164.4 M145.7 M
Very volatile
Cash And Short Term Investments97.5 B92.8 B38.2 B
Slightly volatile
Short Term Investments97.5 B92.8 B38.1 B
Slightly volatile
Common Stock458.3 M586.2 M550.4 M
Pretty Stable
Total Current Liabilities35.8 B34 B19.4 B
Slightly volatile
Common Stock Total Equity445.3 M672.1 M554.4 M
Slightly volatile
Property Plant And Equipment Gross834.7 M1.3 BB
Slightly volatile
Other Liabilities254.6 M268 M3.6 B
Slightly volatile
Accounts Payable6.7 B6.4 B3.9 B
Slightly volatile
Long Term Debt8.3 B7.9 B4.4 B
Slightly volatile
Property Plant EquipmentB1.1 BB
Slightly volatile
Net Tangible Assets10.6 B17.3 B10.8 B
Slightly volatile
Long Term Debt Total4.3 B7.9 B4.2 B
Slightly volatile
Capital Surpluse1.6 B2.5 B1.5 B
Slightly volatile
Long Term Investments96.9 B92.3 B33.1 B
Slightly volatile
Non Current Liabilities Other50.6 B48.2 B27.5 B
Slightly volatile
Short and Long Term Debt427 M449.5 M1.7 B
Slightly volatile
Warrants302.8 M203 M344.2 M
Slightly volatile
Net Invested Capital18.9 B37.4 B16.6 B
Slightly volatile
Capital Stock806.5 M527.4 MB
Slightly volatile

Progressive Corp Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest Expense267.8 M255 M178.6 M
Slightly volatile
Total Revenue83.9 B79.9 B38.5 B
Slightly volatile
Gross Profit25.8 B24.6 B9.7 B
Slightly volatile
Other Operating Expenses70.4 B67.1 B34.1 B
Slightly volatile
Operating Income13.5 B12.8 B4.4 B
Slightly volatile
EBIT13.5 B12.8 B4.5 B
Slightly volatile
EBITDA13.7 B13.1 B4.7 B
Slightly volatile
Income Before Tax13.5 B12.8 B4.4 B
Slightly volatile
Net Income10.7 B10.2 B3.4 B
Slightly volatile
Depreciation And Amortization151.1 M255 M206.1 M
Slightly volatile
Cost Of Revenue58.1 B55.3 B28.8 B
Slightly volatile
Selling General Administrative216 M205.7 M123 M
Slightly volatile
Net Income Applicable To Common Shares11.9 B11.3 B3.5 B
Slightly volatile
Net Income From Continuing Ops10.2 B9.8 B3.4 B
Slightly volatile
Tax Provision3.1 B2.9 BB
Slightly volatile
Interest Income229.1 M278 M188.2 M
Slightly volatile
Reconciled Depreciation330.2 M326.6 M277.1 M
Slightly volatile
Extraordinary Items79.6 M89.5 M97.7 M
Slightly volatile
Preferred Stock And Other Adjustments28.1 M30.9 M24.3 M
Slightly volatile

Progressive Corp Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow17.9 B17.1 B6.3 B
Slightly volatile
Change In Working Capital7.9 B7.5 BB
Slightly volatile
Begin Period Cash Flow83.8 M115 M148.3 M
Very volatile
Depreciation174.6 M326.6 M214.4 M
Slightly volatile
Dividends Paid462 M784.3 M804.2 M
Pretty Stable
Capital Expenditures344.1 M327.8 M210 M
Slightly volatile
Total Cash From Operating Activities18.3 B17.4 B6.5 B
Slightly volatile
Net Income10.2 B9.8 B3.4 B
Slightly volatile
End Period Cash Flow186 M177.1 M163.4 M
Pretty Stable
Change To InventoryB6.7 B3.9 B
Slightly volatile
Stock Based Compensation147.3 M140.3 M84.7 M
Slightly volatile
Cash Flows Other Operating5.6 B5.4 B2.5 B
Slightly volatile
Change To Operating Activities3.9 B3.7 B1.7 B
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.511.67621.18
Slightly volatile
Dividend Yield0.01540.02150.0284
Slightly volatile
PTB Ratio30.829.33536.4558
Slightly volatile
Days Sales Outstanding11574.842684.5881
Slightly volatile
Book Value Per Share7.567.762718.04
Slightly volatile
Free Cash Flow Yield0.0880.09520.1173
Slightly volatile
Operating Cash Flow Per Share24.423.2410.3803
Slightly volatile
Stock Based Compensation To Revenue0.00180.00150.0023
Very volatile
Capex To Depreciation1.421.151.0117
Very volatile
PB Ratio30.829.33536.4558
Slightly volatile
EV To Sales1.821.67621.3126
Slightly volatile
Free Cash Flow Per Share23.9422.810.0376
Slightly volatile
ROIC0.130.0930.0922
Slightly volatile
Net Income Per Share18.1417.27475.7947
Slightly volatile
Payables Turnover7.798.747.1472
Very volatile
Sales General And Administrative To Revenue0.00510.00530.0048
Pretty Stable
Capex To Revenue0.00410.00440.0064
Slightly volatile
Cash Per Share16615865.1055
Slightly volatile
POCF Ratio6.268.357.9918
Pretty Stable
Interest Coverage25.350.325522.3867
Pretty Stable
Payout Ratio0.210.28370.4406
Slightly volatile
Capex To Operating Cash Flow0.02060.02170.0483
Slightly volatile
PFCF Ratio7.028.518.4296
Pretty Stable
Days Payables Outstanding42.2243.2352.0365
Very volatile
Income Quality2.092.052.4183
Pretty Stable
ROE2.342.22540.4455
Slightly volatile
EV To Operating Cash Flow6.998.758.9937
Pretty Stable
PE Ratio14.1513.182320.6404
Pretty Stable
Return On Tangible Assets0.120.11160.0571
Slightly volatile
EV To Free Cash Flow7.878.929.4998
Pretty Stable
Earnings Yield0.07360.07590.0654
Pretty Stable
Intangibles To Total Assets0.01770.02380.017
Very volatile
Net Debt To EBITDA0.650.691.7172
Slightly volatile
Current Ratio6.310.789.058
Slightly volatile
Tangible Book Value Per Share7.217.762716.9566
Slightly volatile
Receivables Turnover3.474.87694.5461
Slightly volatile
Graham Number57.6854.929143.5055
Slightly volatile
Shareholders Equity Per Share7.567.762718.04
Slightly volatile
Debt To Equity0.550.310.4155
Slightly volatile
Capex Per Share0.460.440.3427
Slightly volatile
Revenue Per Share14313665.4855
Slightly volatile
Interest Debt Per Share0.410.43356.0675
Slightly volatile
Debt To Assets0.130.0750.094
Slightly volatile
Enterprise Value Over EBITDA16.3810.234214.9045
Pretty Stable
Short Term Coverage Ratios6.4911.287.5657
Slightly volatile
Price Earnings Ratio14.1513.182320.6404
Pretty Stable
Operating Cycle11574.842684.5881
Slightly volatile
Price Book Value Ratio30.829.33536.4558
Slightly volatile
Days Of Payables Outstanding42.2243.2352.0365
Very volatile
Dividend Payout Ratio0.210.28370.4406
Slightly volatile
Price To Operating Cash Flows Ratio6.268.357.9918
Pretty Stable
Price To Free Cash Flows Ratio7.028.518.4296
Pretty Stable
Pretax Profit Margin0.140.16060.0986
Slightly volatile
Ebt Per Ebit0.180.130.1391
Slightly volatile
Operating Profit Margin0.280.16060.1617
Slightly volatile
Company Equity Multiplier20.9419.94266.155
Slightly volatile
Long Term Debt To Capitalization0.330.240.2574
Pretty Stable
Total Debt To Capitalization0.340.240.2793
Slightly volatile
Return On Capital Employed0.170.14090.113
Slightly volatile
Debt Equity Ratio0.550.310.4155
Slightly volatile
Ebit Per Revenue0.280.16060.1617
Slightly volatile
Quick Ratio6.310.789.058
Slightly volatile
Dividend Paid And Capex Coverage Ratio14.7814.077.5257
Slightly volatile
Net Income Per E B T0.810.79180.7665
Pretty Stable
Cash Ratio0.03550.03310.0464
Slightly volatile
Operating Cash Flow Sales Ratio0.10.180.1391
Slightly volatile
Days Of Sales Outstanding11574.842684.5881
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.730.880.9312
Pretty Stable
Cash Flow Coverage Ratios2.071.971.2241
Slightly volatile
Price To Book Ratio30.829.33536.4558
Slightly volatile
Fixed Asset Turnover90.1385.8341.0522
Slightly volatile
Capital Expenditure Coverage Ratio50.1347.7426.3305
Slightly volatile
Price Cash Flow Ratio6.268.357.9918
Pretty Stable
Enterprise Value Multiple16.3810.234214.9045
Pretty Stable
Debt Ratio0.130.0750.094
Slightly volatile
Cash Flow To Debt Ratio2.071.971.2241
Slightly volatile
Price Sales Ratio1.511.67621.18
Slightly volatile
Return On Assets0.120.11160.0564
Slightly volatile
Asset Turnover0.520.87760.698
Very volatile
Net Profit Margin0.09920.12720.0746
Slightly volatile
Gross Profit Margin0.260.30780.2709
Slightly volatile
Price Fair Value30.829.33536.4558
Slightly volatile
Return On Equity2.342.22540.4455
Slightly volatile

Progressive Corp Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap11.7 B11.1 B11.5 B
Slightly volatile
Enterprise Value13.8 B13.2 B13.7 B
Slightly volatile

Progressive Fundamental Market Drivers

Forward Price Earnings13.0208
Cash And Short Term Investments92.8 B

Progressive Upcoming Events

11th of April 2024
Upcoming Quarterly Report
View
11th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
22nd of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Progressive Corp Financial Statements

Progressive Corp shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Progressive Corp investors may analyze each financial statement separately, they are all interrelated. The changes in Progressive Corp's assets and liabilities, for example, are also reflected in the revenues and expenses on on Progressive Corp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue 73.94  77.64 
Total Revenue79.9 B83.9 B
Cost Of Revenue55.3 B58.1 B
Sales General And Administrative To Revenue 0.01  0.01 
Revenue Per Share 135.85  142.64 
Ebit Per Revenue 0.16  0.28 

Pair Trading with Progressive Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Progressive Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Progressive Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Progressive Stock

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Moving against Progressive Stock

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The ability to find closely correlated positions to Progressive Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Progressive Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Progressive Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Progressive Corp to buy it.
The correlation of Progressive Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Progressive Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progressive Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Progressive Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Progressive Stock Analysis

When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.