Progressive Financial Statements From 2010 to 2025

Stocks . USA . 
Stock . Progressive Corp
PGR Stock  USD 291.22  7.53  2.65%   
Progressive Corp financial statements provide useful quarterly and yearly information to potential Progressive Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Progressive Corp financial statements helps investors assess Progressive Corp's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Progressive Corp's valuation are summarized below:
Gross Profit
11.4 B
Profit Margin
0.1126
Market Capitalization
166.3 B
Enterprise Value Revenue
2.2968
Revenue
75.3 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 2025 to make sure the trends are evolving in the right direction. At this time, Progressive Corp's Market Cap is relatively stable compared to the past year. As of 03/18/2025, Enterprise Value is likely to grow to about 13.8 B, while Working Capital is likely to drop slightly above 2.3 B.

Progressive Corp Total Revenue

16.32 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 294 M, Total Revenue of 16.3 B or Gross Profit of 16.3 B, as well as many indicators such as Price To Sales Ratio of 16.81, Dividend Yield of 0.0046 or PTB Ratio of 5.76. Progressive financial statements analysis is a perfect complement when working with Progressive Corp Valuation or Volatility modules.
  
Check out the analysis of Progressive Corp Correlation against competitors.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.

Progressive Corp Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets111 B105.7 B50.6 B
Slightly volatile
Short and Long Term Debt Total7.2 B6.9 B4.4 B
Slightly volatile
Total Stockholder Equity26.9 B25.6 B12.4 B
Slightly volatile
Net Debt7.1 B6.8 B4 B
Slightly volatile
Retained Earnings25.5 B24.3 B10.2 B
Slightly volatile
Common Stock Shares Outstanding616.7 M587.6 M608.5 M
Slightly volatile
Liabilities And Stockholders Equity111 B105.7 B50.6 B
Slightly volatile
Non Current Liabilities Total84.2 B80.2 B20.2 B
Slightly volatile
Other Stockholder Equity34.2 M36 M1.2 B
Pretty Stable
Total Liabilities84.2 B80.2 B38.2 B
Slightly volatile
Property Plant And Equipment Net783.4 M790 M970.6 M
Slightly volatile
Non Current Assets Total19 B10.2 B27.7 B
Slightly volatile
Net Receivables20.1 B19.1 B9 B
Slightly volatile
Total Current Assets100.4 B95.6 B28.7 B
Slightly volatile
Cash94.4 M143 M145.6 M
Very volatile
Cash And Short Term Investments79.9 B76.1 B26.6 B
Slightly volatile
Short Term Investments79.7 B75.9 B27.1 B
Slightly volatile
Common Stock2.8 B2.7 B828.2 M
Slightly volatile
Total Current Liabilities35.8 B34 B21.6 B
Slightly volatile
Common Stock Total Equity445.3 M672.1 M552.6 M
Slightly volatile
Property Plant And Equipment Gross834.7 M1.3 B1 B
Slightly volatile
Other Liabilities254.6 M268 M3.8 B
Slightly volatile
Accounts Payable6.7 B6.4 B3.8 B
Slightly volatile
Long Term Debt7.2 B6.9 B4.1 B
Slightly volatile
Property Plant Equipment1 B1.3 B1.1 B
Slightly volatile
Net Tangible Assets10.6 B17.3 B10.5 B
Slightly volatile
Long Term Debt Total3.8 B7.3 B3.9 B
Slightly volatile
Capital Surpluse1.5 B2.2 B1.5 B
Slightly volatile
Long Term Investments84.3 B80.2 B28.6 B
Slightly volatile
Non Current Liabilities Other50.6 B48.2 B26.6 B
Slightly volatile
Short and Long Term Debt427 M449.5 M1.7 B
Slightly volatile
Warrants302.8 M203 M351.6 M
Slightly volatile
Net Invested Capital18.9 B32.5 B15.3 B
Slightly volatile
Capital Stock806.5 M586 M1 B
Slightly volatile
Current Deferred Revenue54.9857.8713.1 B
Slightly volatile

Progressive Corp Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Interest Expense294 M280 M175.5 M
Slightly volatile
Total Revenue16.3 B8.8 B27.5 B
Slightly volatile
Gross Profit16.3 B8.8 B27.5 B
Slightly volatile
Other Operating Expenses68.7 B65.4 B31.8 B
Slightly volatile
Operating Income6.2 B5.9 B3.2 B
Slightly volatile
EBIT6.2 B5.9 B3.2 B
Slightly volatile
EBITDA6.6 B6.3 B3.4 B
Slightly volatile
Net Income8.9 B8.5 B2.9 B
Slightly volatile
Depreciation And Amortization361.9 M344.7 M222.8 M
Slightly volatile
Income Before Tax8.8 B8.4 B3.4 B
Slightly volatile
Selling General Administrative216 M205.7 M119.2 M
Slightly volatile
Cost Of Revenue6.5 M6.8 M415 M
Slightly volatile
Net Income Applicable To Common Shares758.9 M798.8 M1.7 B
Pretty Stable
Net Income From Continuing Ops8.9 B8.5 B2.9 B
Slightly volatile
Tax Provision2.3 B2.2 B883.4 M
Slightly volatile
Interest Income201.5 M280 M179.4 M
Slightly volatile
Reconciled Depreciation330.2 M284 M274 M
Slightly volatile
Extraordinary Items79.6 M89.5 M97.6 M
Slightly volatile
Preferred Stock And Other Adjustments28.1 M30.9 M24.1 M
Slightly volatile

Progressive Corp Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow15.6 B14.8 B5.5 B
Slightly volatile
Change In Working Capital6.8 B6.5 B2.7 B
Slightly volatile
Begin Period Cash Flow83.8 M100 M150.4 M
Pretty Stable
Depreciation174.6 M284 M207.3 M
Slightly volatile
Dividends Paid462 M682 M805.4 M
Slightly volatile
Capital Expenditures158 M285 M191.1 M
Slightly volatile
Total Cash From Operating Activities15.9 B15.1 B5.7 B
Slightly volatile
Net Income8.9 B8.5 B2.9 B
Slightly volatile
End Period Cash Flow86.2 M154 M156.4 M
Very volatile
Change To Inventory7 B6.7 B3.7 B
Slightly volatile
Stock Based Compensation66.9 M122 M76.2 M
Slightly volatile
Cash Flows Other Operating5.6 B5.4 B2.3 B
Slightly volatile
Change To Operating Activities3.9 B3.7 B1.6 B
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio16.8116.01232.9904
Slightly volatile
Dividend Yield0.00460.00490.0246
Slightly volatile
PTB Ratio5.765.4833.4609
Slightly volatile
Book Value Per Share45.8943.700521.1189
Slightly volatile
Free Cash Flow Yield0.0880.10570.1228
Slightly volatile
Invested Capital2.9 B4.1 B4.3 B
Very volatile
Operating Cash Flow Per Share27.1125.8189.7506
Slightly volatile
Stock Based Compensation To Revenue0.01460.01390.0039
Slightly volatile
Capex To Depreciation1.421.00351.0031
Pretty Stable
PB Ratio5.765.4833.4609
Slightly volatile
EV To Sales17.6216.78263.2046
Slightly volatile
Free Cash Flow Per Share26.625.33139.4104
Slightly volatile
ROIC0.07430.07820.3043
Slightly volatile
Net Income Per Share15.214.48094.8932
Slightly volatile
Sales General And Administrative To Revenue0.00460.00530.0044
Very volatile
Capex To Revenue0.03410.03250.0102
Slightly volatile
Cash Per Share13613046.5293
Slightly volatile
POCF Ratio6.229.28077.8645
Slightly volatile
Interest Coverage24.1822.1619.7591
Very volatile
Payout Ratio0.07640.08040.3713
Pretty Stable
Capex To Operating Cash Flow0.01790.01890.0498
Slightly volatile
PFCF Ratio6.989.45918.3097
Pretty Stable
Days Payables Outstanding280.6 B267.3 B91.7 B
Slightly volatile
Income Quality2.091.78292.4413
Slightly volatile
ROE0.350.33140.2099
Slightly volatile
EV To Operating Cash Flow6.969.72728.9007
Very volatile
PE Ratio14.1616.546721.1121
Slightly volatile
Return On Tangible Assets0.08420.08020.0512
Slightly volatile
EV To Free Cash Flow7.839.91419.4171
Very volatile
Earnings Yield0.07410.06040.0647
Pretty Stable
Net Debt To EBITDA1.051.11.7478
Slightly volatile
Current Ratio0.880.9218.8561
Slightly volatile
Tangible Book Value Per Share45.8943.700520.4924
Slightly volatile
Graham Number12511947.0149
Slightly volatile
Shareholders Equity Per Share45.8943.700521.0775
Slightly volatile
Debt To Equity0.260.26940.4022
Slightly volatile
Capex Per Share0.510.48670.3402
Slightly volatile
Revenue Per Share18.7714.964146.2133
Slightly volatile
Interest Debt Per Share12.8612.2497.1589
Slightly volatile
Debt To Assets0.06190.06520.0909
Slightly volatile
Enterprise Value Over EBITDA8.148.5610.0719
Slightly volatile
Short Term Coverage Ratios5.7110.169.8292
Slightly volatile
Price Earnings Ratio14.1616.546721.1121
Slightly volatile
Price Book Value Ratio5.765.4833.4609
Slightly volatile
Days Of Payables Outstanding280.6 B267.3 B91.7 B
Slightly volatile
Dividend Payout Ratio0.07640.08040.3713
Pretty Stable
Price To Operating Cash Flows Ratio6.229.28077.8645
Slightly volatile
Price To Free Cash Flows Ratio6.989.45918.3097
Pretty Stable
Pretax Profit Margin1.010.9610.2122
Slightly volatile
Ebt Per Ebit0.460.850.8565
Pretty Stable
Operating Profit Margin0.0910.09580.1485
Slightly volatile
Company Equity Multiplier4.434.13214.2407
Pretty Stable
Long Term Debt To Capitalization0.340.21220.2767
Slightly volatile
Total Debt To Capitalization0.340.21220.2808
Slightly volatile
Return On Capital Employed0.06370.06710.1508
Slightly volatile
Debt Equity Ratio0.260.26940.4022
Slightly volatile
Ebit Per Revenue0.0910.09580.1485
Slightly volatile
Quick Ratio2.02.118.8354
Slightly volatile
Dividend Paid And Capex Coverage Ratio16.4215.6357.2192
Slightly volatile
Net Income Per E B T0.551.0070.7114
Slightly volatile
Cash Ratio0.00980.01040.1962
Slightly volatile
Operating Cash Flow Sales Ratio1.811.72530.3388
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.730.98110.9344
Pretty Stable
Cash Flow Coverage Ratios2.32.19341.1994
Slightly volatile
Price To Book Ratio5.765.4833.4609
Slightly volatile
Fixed Asset Turnover17.5711.092427.3774
Slightly volatile
Capital Expenditure Coverage Ratio55.753.049125.3406
Slightly volatile
Price Cash Flow Ratio6.229.28077.8645
Slightly volatile
Enterprise Value Multiple8.148.5610.0719
Slightly volatile
Debt Ratio0.06190.06520.0909
Slightly volatile
Cash Flow To Debt Ratio2.32.19341.1994
Slightly volatile
Price Sales Ratio16.8116.01232.9904
Slightly volatile
Return On Assets0.08420.08020.0508
Slightly volatile
Asset Turnover0.07870.08290.6221
Slightly volatile
Net Profit Margin1.020.96770.1824
Slightly volatile
Gross Profit Margin0.80.90.9811
Slightly volatile
Price Fair Value5.765.4833.4609
Slightly volatile
Return On Equity0.350.33140.2099
Slightly volatile

Progressive Corp Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap11.7 B11.1 B11.5 B
Slightly volatile
Working Capital2.3 B3.2 B3.4 B
Very volatile
Enterprise Value13.8 B13.2 B13.6 B
Slightly volatile

Progressive Fundamental Market Drivers

Forward Price Earnings19.2308
Cash And Short Term Investments76.1 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 57.87  54.98 
Total Revenue8.8 B16.3 B
Cost Of Revenue6.8 M6.5 M
Stock Based Compensation To Revenue 0.01  0.01 
Capex To Revenue 0.03  0.03 
Revenue Per Share 14.96  18.77 
Ebit Per Revenue 0.10  0.09 

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

  0.61CB ChubbPairCorr

Moving against Progressive Stock

  0.74AFG American FinancialPairCorr
  0.48RLI RLI CorpPairCorr
  0.4AIZ AssurantPairCorr
  0.36MCY Mercury GeneralPairCorr
  0.35GBLI Global Indemnity PLCPairCorr
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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY