Progressive Historical Income Statement
| PGR Stock | USD 266.06 2.62 0.99% |
Historical analysis of Progressive Corp income statement accounts such as Operating Income of 5.4 B, Ebit of 5.4 B, EBITDA of 5.7 B or Total Operating Expenses of 59.8 B can show how well Progressive Corp performed in making a profits. Evaluating Progressive Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Progressive Corp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Progressive Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Progressive Corp is a good buy for the upcoming year.
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About Progressive Income Statement Analysis
Progressive Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Progressive Corp shareholders. The income statement also shows Progressive investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Progressive Corp Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Progressive Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Progressive Corp minus its cost of goods sold. It is profit before Progressive Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Progressive Corp. It is also known as Progressive Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Progressive Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Progressive Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Progressive Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Progressive Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.At this time, Progressive Corp's Total Operating Expenses is relatively stable compared to the past year. As of 11/25/2024, Net Income is likely to grow to about 4.1 B, though Total Other Income Expense Net is likely to grow to (255 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 47.7B | 49.6B | 62.1B | 65.2B | Interest Expense | 218.6M | 243.5M | 268.4M | 281.8M |
Progressive Corp income statement Correlations
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Progressive Corp Account Relationship Matchups
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Progressive Corp income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 189.7M | 217M | 218.6M | 243.5M | 268.4M | 281.8M | |
| Total Revenue | 39.0B | 42.6B | 47.7B | 49.6B | 62.1B | 65.2B | |
| Gross Profit | 39.0B | 42.6B | 47.7B | 49.6B | 62.1B | 65.2B | |
| Other Operating Expenses | 33.6B | 35.5B | 43.5B | 48.7B | 56.9B | 59.8B | |
| Operating Income | 5.0B | 7.2B | 4.2B | 922.1M | 5.2B | 5.4B | |
| Ebit | 5.0B | 7.2B | 4.2B | 1.2B | 5.2B | 5.4B | |
| Ebitda | 5.3B | 7.5B | 4.5B | 1.5B | 5.5B | 5.7B | |
| Total Operating Expenses | 33.6B | 35.5B | 43.5B | 48.7B | 56.9B | 59.8B | |
| Net Income | 4.0B | 5.7B | 3.4B | 721.5M | 3.9B | 4.1B | |
| Income Tax Expense | 1.2B | 1.5B | 859.1M | 200.6M | 1.0B | 1.1B | |
| Depreciation And Amortization | 306.1M | 331.8M | 337.4M | 336.6M | 299.7M | 170.5M | |
| Income Before Tax | 5.2B | 7.2B | 4.2B | 922.1M | 4.9B | 5.1B | |
| Total Other Income Expense Net | 204.7M | 7.2M | 7.0 | (468.3M) | (268.4M) | (255.0M) | |
| Cost Of Revenue | 5.1M | 5.5M | 7.2M | 6.8 | 7.6M | 7.2M | |
| Net Income Applicable To Common Shares | 3.9B | 5.7B | 3.3B | 694.6M | 798.8M | 758.9M | |
| Net Income From Continuing Ops | 4.0B | 5.7B | 3.4B | 721.5M | 2.7B | 2.2B | |
| Tax Provision | 1.2B | 1.5B | 859.1M | 200.6M | 684.6M | 794.6M | |
| Interest Income | 189.7M | 217M | 218.6M | 243.5M | 280.0M | 201.5M | |
| Net Interest Income | (189.7M) | (217M) | (218.6M) | (243.5M) | (261.8M) | (274.9M) | |
| Reconciled Depreciation | 306.1M | 331.8M | 337.4M | 336.6M | 307M | 332.7M |
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
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.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.